Neinor Homes accelerates FY26 shareholder distributions with a €92mn (€0.93/sh) supported by strong deliveries outlook

Core Viewpoint - Neinor Homes is accelerating its shareholder distributions for FY26, announcing a €92 million payout, which reflects a strong outlook for deliveries and cash generation [1][5][6]. Financial Summary - The upcoming distribution of €92 million is the first installment of a total €250 million dividend for FY26, translating to a gross payment of €0.9327 per share and a net payment of €0.9234 per share, with a yield of approximately 5% [1][2][16]. - The last trading day to qualify for this distribution is February 9, with payments scheduled for February 12 [1][16]. - Under the 2023–2027 Strategic Plan, Neinor has already distributed over €450 million to shareholders, equating to a cumulative dividend per share (DPS) of more than €5, and has set a target of €850 million for total shareholder remuneration [3][4][18]. Strategic Insights - The company has increased its shareholder remuneration target to €850 million, with approximately €400 million still to be distributed over FY26 and FY27, which could yield an additional €4.12 per share and an aggregate yield of around 21% for shareholders [4][18]. - CEO Borja García-Egotxeaga emphasized that the distribution reflects the strength of Neinor's business model and the visibility on cash generation, aligning shareholder returns with the execution of the business plan [5][19]. - Deputy CEO and CFO Jordi Argemi noted that the decision to accelerate the FY26 distribution is consistent with the company's balance sheet discipline and strong cash generation visibility [6][20]. Company Overview - Neinor Homes is the leading residential property developer in Spain, with a land bank capable of developing approximately 11,900 homes and a gross asset value (GAV) exceeding €1.4 billion as of June 2025 [8][22]. - The company operates a fully integrated residential platform covering the entire development value chain, committed to delivering attractive risk-adjusted returns through disciplined capital allocation and operational excellence [10][23]. - Neinor is the only listed residential property developer in Spain with a multi-sector strategy, including Build-to-Rent (BTR), Build-to-Sell (BTS), and senior living rental markets [11][24].