Ktesios SOCIMI successfully completes capital increase for 3 million euros

Ktesios, the leading SOCIMI in investment in affordable rental residential assets in non-prime areas , has successfully completed a capital increase by cash contribution and issuance of new shares amounting to 2,146,300 euros through an issue of 214,630 new shares with a nominal value of 10 euros each and an issue premium of 4 euros, which represents a total premium of 858,520. 858,520. This represents a total disbursement for the full subscription amounting to 3,004,820 euros.

The capital increase, which is in addition to the €5 million capital increase carried out last June, will enable the SOCIMI to continue with its strategic plan to invest in affordable rental assets in non-prime areas of Spain. The estimated value of Ktesios' assets at the end of October was over €30 million, 130% higher than their purchase value, reflecting the strong potential of this market and the SOCIMI's strategy.

Henry Gallego, CEO of Ktesios SOCIMI said: "Ktesios' business model, which specializes in investing in non-prime locations with favorable microeconomics, benefits from high sector and economic de-correlation due to its consideration as a basic need, as well as low competition, thus combining the trinomial of high profitability, low risk and social impact. The successful completion of this capital increase in the current context of uncertainty underscores investors' confidence in Ktesios' unique value proposition, which has delivered high and predictable returns over the past few years,and in the potential of this real estate segment, which has an estimated value of more than €600 million."

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Since the IPO of Ktesios in June 2021, which is listed on Euronext Lisbon, the share value has increased by more than 18%, while turnover has risen by 96%. The investment vehicle offers a gross return of more than 10%, well above comparable vehicles.

Founded in 2019, Ktesios is a purely residential SOCIMI specialized in the acquisition and management of assets in non-prime areas, offering affordable long-term rentals. In this way, Ktesios facilitates access to quality housing and contributes to boosting the economy of small towns with great potential. The SOCIMI currently has a diversified portfolio of more than 520 assets in 21 municipalities and 9 provinces. The SOCIMI relies on delegated and efficient management through RKS-AM to maximize the value of the assets, whose rental contracts are protected through default insurance.

The success of this expansion demonstrates the market's confidence in the company's solidity and in its unique proposition, which combines profitability, risk and social impact.

About Ktesios SOCIMI

Founded in 2019, Ktesios is a purely residential SOCIMI specialized in the acquisition and management of assets in non-prime areas, offering affordable long-term rentals. In this way, Ktesios combines the trinomial of profitability, risk and social impact. The SOCIMI has a patrimonialist and prudent management approach, aimed at investors seeking stability with recurring returns. The SOCIMI currently has a diversified portfolio of more than 520 assets in more than 21 municipalities and 9 provinces. The SOCIMI is supported by an efficient delegated management through RKS-AM.