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Lar Espana: Business Update Preview

REAL ESTATE

Lar Espana (LRESM: BBB fitch) 1Q24 Business Update Tomorrow



Lar Espana is very opportunistic having issued at the peak of the cycle in 2021 and tendered bonds in 2023 around -20pts lower. They will give a business update tomorrow. Retail sales in Spain have been steady with low digit growth so no surprises expected but it is worth looking at where LRESM bonds trade relative to other Retail related property names.

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Lar Espana (LRESM: BBB fitch) 1Q24 Business Update Tomorrow



Lar Espana is very opportunistic having issued at the peak of the cycle in 2021 and tendered bonds in 2023 around -20pts lower. They will give a business update tomorrow. Retail sales in Spain have been steady with low digit growth so no surprises expected but it is worth looking at where LRESM bonds trade relative to other Retail related property names.

Keep reading...Show less