What Trastor does

Trastor Real Estate Investment Company S.A. (operating as Trastor REIC) is a publicly listed Greek Real Estate Investment Company headquartered in Athens, Greece. Founded in 1999 and traded on the Athens Stock Exchange under the ticker TRASTOR, the company operates as a focused commercial real estate investor with an €823 million portfolio concentrated in office and logistics properties across the Attica region. The portfolio is positioned in what Jefferies describes as the tightest Attica submarkets, and the company maintains a €568 million acquisition pipeline targeting portfolio value exceeding €1.2 billion by 2029.

The company's business model is centered on acquiring, holding, and leasing commercial properties to generate recurring rental income, with expected comparable rent growth of 10.7% in 2026 and projected 12% annual FFO (Funds From Operations) growth. Capital for expansion is raised through share offerings; in May 2026, Trastor launched a combined share offering of up to 150 million new ordinary shares at a maximum price of €1.15 per share, targeting gross proceeds of up to €150 million through a Greek public offering and an international private placement to institutional investors. Piraeus Bank, the principal shareholder, committed at least €50 million to this raise. The company serves two distinct customer bases: commercial tenants leasing office and logistics space, and institutional/retail investors seeking exposure to Greek commercial real estate through the REIT vehicle.

Trastor operates with a lean organizational footprint of 11-50 employees, reflecting its model as a holding and asset-management entity rather than an operator of physical services. Its go-to-market motion is sales-led through capital markets — combining public offerings, private placements, and investor relations activity — rather than traditional sales channels. Coverage initiation by Jefferies in 2026 with a Buy rating and a €1.27 price target (implying 34% upside) reflects growing institutional attention to the name and supports the company's positioning within the Greek REIT sector.

Name

Trastor

Legal name

Trastor Real Estate Investment Company S.A.

Website

https://trastor.gr

Company type

Public

Founded year

1999

Operating status

Operating

Headcount range

11–50 employees

Short description

Trastor is a publicly listed Greek REIT headquartered in Athens that invests in office and logistics properties across the Attica region, serving commercial tenants and institutional/retail investors through its €823 million portfolio.

Ownership category

akta.pro rank

Headquarters

HQ city

Athens

HQ country

Greece

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Others

Revenue model

1. Rental Income: Primary revenue stream from leasing office and logistics properties in the Attica region. Occupancy improvement from 8% to 2% (likely vacancy reduction) and 10.7% comparable rent growth in 2026 expected.
2. Property Value Appreciation: Capital gains generated through appreciation of real estate portfolio. Projected portfolio value exceeding €1.2 billion by 2029.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels2 records

Core offering

Trastor is a Greek Real Estate Investment Company (REIC/REIT) that owns and leases a €823 million portfolio of office and logistics properties concentrated in the Attica region of Greece. The company generates revenue primarily through rental income from commercial tenants and funds portfolio growth through public and private share offerings to retail and institutional investors.

Product overview

Trastor is a single-product Greek Real Estate Investment Company (REIC/REIT) focused exclusively on commercial property investment and management. The company's core offering is its real estate portfolio, which is concentrated in office and logistics assets in the Attica region. The portfolio generates rental income through tenant leases and is funded by share offerings, with the €150 million capital raise (2026) earmarked for near-term acquisitions and capital expenditures. There are no distinct product modules, sub-products, or add-on services—the REIT operates as a unified investment vehicle.

Differentiator

Problem solved

Functional benefit

Products and services

• Trastor Real Estate Portfolio A €823 million real estate investment portfolio concentrated in office and logistics properties across the Attica market. The portfolio generates rental income from commercial tenants and is supported by a €568 million acquisition pipeline, with projected portfolio value exceeding €1.2 billion by 2029.

Quantifiable outcome

• 34% potential upside to €1.27 price target per share
• +3 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators6 records

Recent moves4 records

Expansion highlights4 records

Emerging players

• Dimand Holdings: Greek real estate developer and investor focused on commercial properties including offices and mixed-use developments in Greece. Comparable Greek asset class exposure though more development-led than REIT-pure.
• CTP N.V. European listed industrial/logistics real estate developer and owner with pan-European footprint. Comparable logistics property focus to Trastor's portfolio, though substantially larger and geographically diversified across CEE and Western Europe.
• Lamda Development: Athens-listed Greek real estate company best known for the Hellinikon project, with growing commercial property holdings. While more development-oriented, its commercial real estate activities and Greek listing make it a thematic peer for Trastor's investor base.

Broad incumbents

• Gecina: Major French REIT specializing in prime Paris offices and residential. Comparable office-focused REIT structure, but with broader geographic and asset diversification and significantly larger scale.
• Cofinimmo: Belgian listed REIT with diversified exposure to offices, healthcare, and distribution. Comparable European REIT structure and office asset class exposure, though with broader geographic and sector diversification.
• Immobiliaria Colonial: Spanish REIT focused on prime CBD offices in Paris, Madrid, and Barcelona. Comparable office REIT model and European investor base, though operating in larger, more liquid markets than Trastor.
• CA Immobilien Anlagen: Austrian-listed real estate investment company with a portfolio of offices in Germany, Austria, and CEE. Comparable office-focused REIT-like structure and DACH/Central European investor base.

Direct peers

• Prodea Real Estate Investment Corporation: Largest Greek REIT, also Athens-listed, investing in prime Greek commercial real estate including offices and logistics. Directly comparable business model, asset class focus, and Greek capital market dynamics make it the closest peer for Trastor.
• Noval Property REIT: Greek REIT listed on the Athens Stock Exchange focused on commercial real estate in Greece, with exposure to offices and retail. Same regulatory regime, investor base, and asset class focus as Trastor.
• Hellenic Public Properties: Greek REIT operating a diversified portfolio of commercial properties in Greece. Comparable size, Greek-listing structure, and office/retail property focus to Trastor's strategy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Trastor