Summary
- TM Grupo Inmobiliario reports a 19% drop in revenue in 2024, totaling €256 million.
- The company’s EBITDA fell too €35 million, down from €77 million the previous year.
- Despite this, TM has invested €36 million to increase its land portfolio, aiming to develop over 12,000 homes.
- The hotel division in Mexico contributed €53.2 million,accounting for 18% of total revenues.
- The company is focused on enduring growth and diversification into agriculture and renewable energy.
TM grupo Inmobiliario Reports 2024 Financial Results Amid Market Challenges
TM Grupo Inmobiliario, a leading player in the Spanish real estate sector focused on second homes and tourist residences, concluded its 2024 financial year with a consolidated revenue of €256 million, reflecting a 19% decline compared to the previous year. This reduction comes in the wake of fewer completed housing projects, as the company delivered 525 units, compared to 696 in 2023.
Key Financial Highlights
- Revenue: €256 million, down 19% from 2023.
- EBITDA: €35 million,a sharp decrease from €77 million last year.
- Units Delivered: 525 homes, a meaningful drop reflecting the slower production cycle.
Despite these setbacks, TM Grupo Inmobiliario emphasized its leadership position in the residential tourism sector in Spain. The firm is progressing according to its Strategic plan for 2024-2027, wich sets a target of exceeding €1.1 billion in total sales during this period.
investments for Future Growth
To enhance its market position, TM invested €36 million in 2024 to broaden its land portfolio along key Mediterranean coastal areas. These acquisitions have allowed the firm to surpass one million square meters of land,enabling the advancement of over 12,000 new homes. Currently, TM is managing 22 projects with approximately 1,600 residential units under construction.
International Customer Base
TM’s client profile remains substantially international, with buyers hailing from 34 different countries in 2024. Notably,80% of purchases originated from international markets,with the highest proportions from Poland (30%),Belgium (9%),Germany (7%),and the Netherlands (7%).
Hotel Division Growth in Mexico
The hotel sector, operated under the brand “The Fives hotels & Residences,” represents 18% of TM’s total business. In 2024,this division generated €53.2 million in revenue, further solidifying its presence in Mexico.TM operates four hotels in the Riviera Maya, equipped with over 1,000 hotel keys, while strategically positioning itself within the premium market segment.
- Projected Revenue for 2027: Expected to reach €80 million.
Commitment to Sustainability and Diversification
Apart from real estate,TM Grupo Inmobiliario has diversified into agriculture and renewable energy. Under the brand ”Las Moreras Fruit & Veggies,” the company surpassed 3 million kilos of citrus production in 2024, expanding its export reach across Europe, including countries such as Germany, the UK, and Italy.
Conclusion and Future Outlook
CEO Pablo Serna has expressed confidence in the strategic direction of the company, noting that 2024 marked the beginning of their “Horizonte TM 2027” plan.The company aims to embark on new projects in spain and Mexico that will enhance its leadership in the residential tourism sector and promote its Mediterranean identity both nationally and internationally.
As TM Grupo Inmobiliario prepares for a promising 2025, they are also finalizing the construction of a new corporate headquarters in Torrevieja, set to facilitate up to 200 professionals within a sustainable and accessible habitat.