Spain's Inmobiliaria Colonial reports net loss of $1.10 billion in 2023
Fri, Mar 1, 2024 8:24 PM

Spain's Inmobiliaria Colonial reports net loss of $1.10 billion in 2023

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Spanish RE group Inmobiliaria Colonial on Thursday reported a net loss of 1.02 bn euros for the full year 2023, brought about by a 9% drop in the value of its assets. Real estate companies such as Colonial and its peer Merlin Properties earn profit on the rental of their assets and have to include in their results the impact of an updated valuation of their properties conducted every 6 months.

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