Neinor Homes launches €50M share buyback program

Neinor Homes announced a share repurchase program to buy back up to 3 million shares, representing an investment of approximately €50 million, according to a company statement.

The Spanish residential developer said the program will serve two purposes: meeting obligations from share-based compensation plans and reducing share capital through cancellation of treasury shares to enhance earnings per share.

The buyback is part of Neinor's €500 million shareholder remuneration plan for 2026-2027, which allocates €250 million per year. The company has already distributed €92 million to shareholders under this plan.

"Geopolitics are reshaping capital flows. And yet, the structural undersupply of housing in Spain is not going away, if anything it is getting worse," said CEO Borja García-Egotxeaga. "We are building something that will matter for over a decade."

Deputy CEO and CFO Jordi Argemí noted the company's financial position: "We have €500mn committed to shareholder returns over 2026–27, €92mn already delivered, and a balance sheet that supports continued growth and execution without compromising our development pipeline."

The announcement was made on March 30, 2026, based on the company's press release statement.

You May Also Be Interested In

• onsemi downgraded by TD Cowen after Synaptics deal clouds growth story
• Kite Realty sells City Center in White Plains for $50 million
• Apple’s big price hike seen as "an unprecedented push to protect margins"