Árima Real Estate shares surge after proposing first dividend

Árima Real Estate, a SOCIMI controlled 97.5% by the Swiss bank J. Safra Sarasin, saw its shares rise by more than 12% following the announcement of its first dividend since its inception in 2018.

The company's board of directors has proposed a maximum dividend of 20.5 million euros, which equates to up to 0.84 gross euros per share. This represents a yield of over 8.5% based on current trading prices. The payment will be drawn from the company's available reserves, which currently total 250.8 million euros. Due to the ownership structure, nearly all of the dividend is expected to go to the Swiss bank.

The proposal will be submitted for approval at an extraordinary general shareholders' meeting scheduled for September 17, 2026. In 2025, the office-focused SOCIMI reported a recurring net profit of 8.8 million euros, an improvement from a net loss of 1.1 million euros the previous year.