At Urbanitae, we closed 2025 with a figure that best summarizes the evolution of our model: over the year, we returned €97 million to our investors, coming from completed projects. This volume represents a 142.5% increase compared to 2024, when returns reached €40 million.
This is not just a record figure, but a clear signal that our project portfolio has reached an increasingly higher level of maturity. Behind this growth is the sustained work of recent years, intense financing activity, and a model designed to support investors throughout the entire real estate investment cycle, from project entry to the return of capital and generated profits.
Nearly €180 million returned in total
Looking at the bigger picture, if we sum all the total and partial returns made since our inception, Urbanitae has already returned €179 million to our investors. This figure reflects not only the volume of projects that have reached their exit phase but also our ability to meet deadlines and planned objectives in an environment that remains challenging for the real estate sector.
Average profitability aligned with objectives
The progressive acceleration of returns is also a logical consequence of the platform’s growth. As the number of financed projects increases and they advance in their development, the number of operations reaching maturity also rises, reinforcing the weight of returns within our overall activity.
The capital returned in 2025 was distributed among more than 43,000 investors, with an average of over 600 participants per project. Since our foundation, we have channeled over 240,000 investments, allowing us to offer diversified access to large-scale real estate projects traditionally reserved for professional or institutional investors.
Regarding profitability, the projects that generated returns achieved an average annual return of 12.3%, in line with the target IRR defined at the start of each operation. This confirms that the aggregate performance of the portfolio remains within the expected parameters, even in a context marked by market normalization and a more selective financial environment.
By type, most of the returned capital comes from debt-structured projects, with average terms around 13 months, providing visibility and recurrence to returns. The rest corresponds to equity operations, linked to longer time horizons and the full development of projects, from acquisition to final sale of the asset.
Madrid leads the returns
From a geographical perspective, the Community of Madrid continues to concentrate a significant portion of returned capital, followed by Andalusia, the Balearic Islands, and Catalonia. These are markets where we maintain high promotional activity and have projects at different stages of execution, commercialization, and exit.
This territorial diversification is part of our risk management approach. It allows us to balance the portfolio, reduce exposure to specific local dynamics, and seize opportunities in different real estate markets with their own behaviors and cycles.
A figure that reinforces our commitment to investors
The high volume of returns recorded in the final stretch of 2025, and the fact that we more than doubled last year’s figures, confirms that our project portfolio has reached a significant level of maturity. In a complex context, real estate continues to demonstrate its ability to generate value in the medium and long term, and at Urbanitae, we continue to fulfill our fundamental commitment: to return capital and offer attractive returns to our investors, on time and in full.
Thus, we close the year with a solid foundation to continue building on. As new projects financed in recent years reach their final phase, returns will continue to gain weight within our activity, reinforcing a model that bets on transparency, continuous monitoring, and alignment of interests between developers and investors.
