Zambal Spain Socimi owns and manages a diversified portfolio of Spanish commercial real estate, collecting rent from office, retail and logistics tenants under long-term leases. Its moat is the scarcity of listed, income-producing Spanish property with a conservative cost base, reflected in a 44.0% operating margin and 82.4% gross margin on a 591M EUR market cap. Revenue growth was flat at 0.0% and ROE is only 2.6%, so the return case rests on the rental income stream and any re-rating of the shares rather than on growth. The thesis needs a closer look at lease expiry profiles, occupancy, and whether the 22.9x trailing P/E reflects a fair price for stable cash flows or a premium for illiquidity, since no forward estimates are available and the stock is outside major indices.
Plain-English pros, cons, and what to watch. Pro feature.
See what each model says, the assumptions behind it, the bad, normal and good cases, and why the fair value changed.
The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.
The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.
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| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 23 Oct 2026, 01:53 CEST | ACCE price target | €0.89 | first publication | €0.92 |
| 22 Oct 2026, 12:04 CEST | Rating | Overvalued | first publication | €0.92 |
| 22 Oct 2026, 12:04 CEST | Fair value | €0.78 | first publication | €0.92 |
Answered from Zambal Spain Socimi, S.A. fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| YZBL.MC Zambal Spain Socimi, S.A. | €0.92 | €1 | 18% above | 22.9x | 2.6% | 80 | 48 |
| CTO CTO Realty Growth Inc. Common Stock | $19.78 | $17 | 18% above | 14.4x | 8.5% | 76 | 74 |
| AHRT AH Realty Trust Inc. Common Stock | $6.10 | $8 | 21% below | - | -0.3% | 46 | 41 |
| GOOD Gladstone Commercial Corporation Real Estate Investment Trust | $12.01 | - | - | 48.0x | 7.3% | 68 | 60 |
| SAFE Safehold Inc. New Common Stock | $11.23 | - | - | 7.0x | 4.6% | 66 | 58 |
| FVR FrontView REIT Inc. Common Stock | $17.74 | - | - | 1774.0x | 0.4% | 58 | 44 |
| JBGS JBG SMITH Properties Common Shares | $11.57 | $6 | 109% above | - | -10.9% | 34 | 33 |
Where YZBL.MC ranks against its sector peers on each metric.