Prevision Sanitaria Nacional Gestion

What Prevision Sanitaria Nacional Gestion does

Previsión Sanitaria Nacional Gestión SOCIMI, S.A. (BME Growth: YPSN) is a Madrid-headquartered publicly listed Spanish real estate investment company (SOCIMI) that acquires, leases, and professionally manages a diversified portfolio of commercial real estate across the Iberian Peninsula. The portfolio is concentrated in prime urban locations in Spain and Portugal — Madrid (Recoletos and Goya districts), Barcelona, Valencia, Bilbao, Sevilla, Lisbon, Coimbra, and Oporto — and spans hotels (including a 103-room Madrid asset fully rehabilitated in 2013 and a 7-floor Salamanca hotel), offices, commercial premises, dental clinic buildings (some integrated with the PSN commercial network), and parking. The asset base was seeded primarily through non-monetary contributions from majority shareholder PSN MUTUA (Previsión Sanitaria Nacional, Mutua de Seguros y Reaseguros a Prima Fija), making it the first listed SOCIMI promoted by a Spanish mutual insurance company.

The company's revenue model is a recurring rental-income stream from direct lease agreements with legal entities engaged in business activities (hospitality, healthcare/dental, retail, professional services), with the SOCIMI regulatory regime mandating distribution of rental income as dividends to shareholders. Properties are rented directly to tenants rather than through standardized pricing tiers, and pricing is not publicly disclosed. The company maintains a patrimonialist capital structure with leverage below market on asset value and accessed a €3 million credit line from its majority shareholder in January 2019 to support incremental acquisitions. It trades on the BME Growth segment of BME MTF Equity under ticker YPSN, communicates with investors through its corporate website and regulated market disclosures, and has executed multiple property acquisitions across 2018-2019 in cities including Santa Cruz de Tenerife, Collado Villalba, Santiago de Compostela, Córdoba, and central Madrid.

Name

Prevision Sanitaria Nacional Gestion

Legal name

Previsión Sanitaria Nacional Gestión SOCIMI, S.A.

Website

https://psnsocimi.es

Company type

Public

Founded year

2017

Operating status

Operating

Short description

Previsión Sanitaria Nacional Gestión SOCIMI is a Madrid-headquartered, BME Growth-listed Spanish real estate investment company that acquires, leases, and manages hotels, offices, commercial premises, dental clinics, and parking across Spain and Portugal for rental income distributed as dividends.

Ownership category

akta.pro rank

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales, Others

Revenue model

1. Real Estate Rental Income: The company generates revenue through rental income from its portfolio of real estate assets including commercial premises (locales), offices, hotel properties, and parking spaces. Properties are leased to legal entities engaged in diverse business activities.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Previsión Sanitaria Nacional Gestión SOCIMI, S.A. is a publicly listed real estate investment trust that selects, acquires, and professionally manages a portfolio of rental properties across the Iberian Peninsula. The portfolio comprises hotels in prime areas of Madrid and Salamanca, dental clinic buildings, commercial premises, and offices, with a patrimonialist character and below-market leverage. The company distributes rental income to shareholders through regular dividends as a SOCIMI listed on BME Growth.

Product overview

Prevision Sanitaria Nacional Gestion SOCIMI S.A. is a publicly listed real estate investment company (SOCIMI) that operates as a unified platform for managing rental properties. The company specializes in professional management of commercial premises, offices, hotels, and dental clinics across the Iberian Peninsula (Spain and Portugal). Its portfolio, primarily acquired through non-cash contributions from PSN MUTUA, is managed through a single integrated approach with below-market leverage levels. The company trades on the BME Growth segment under ticker YPSN.

Differentiator

Problem solved

Functional benefit

Products and services

• Gestión de Activos Inmobiliarios (Real Estate Asset Management) Professional selection, acquisition, and responsible management of real estate assets for rental purposes across the Iberian Peninsula. Targeted at shareholders seeking professionally managed real estate exposure and at tenant legal entities needing commercial space.
• Hoteles (Hotel Properties) Hotel properties located in prime areas of Madrid and Salamanca that form part of the company's rental portfolio for generating rental income. Leased to hotel operators for hospitality operations.
• Locales Comerciales (Commercial Premises) Commercial premises concentrated in major metropolitan areas across Spain and Portugal, rented to legal entities engaged in diverse business activities including retail and professional services.
• Oficinas (Office Properties) Office spaces in prime urban locations throughout the Iberian Peninsula, some belonging to the PSN commercial network, rented to businesses for professional operations.
• Clínicas Dentales (Dental Clinic Properties) Multiple properties operating as dental clinics within the company's portfolio, some belonging to the PSN commercial network, leased to dental clinic operators.

Named customers3 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• PSN MUTUA (Previsión Sanitaria Nacional Mutua de Seguros y Reaseguros)coreStrategic or Co-development PartnerPSN MUTUA is the parent company and the primary source of the company's property portfolio. The assets were contributed through non-monetary contributions during the company's transformation into a SOCIMI. PSN MUTUA is a Spanish mutual insurance company that promoted this first listed real estate investment company.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Hispania Activos Inmobiliarios SOCIMI: Historical Spanish SOCIMI (subsequently absorbed) that operated Iberian hotels and rental residential assets — directly comparable asset mix to PSN Gestión's hotel/office portfolio.
• Vivenio Residencial SOCIMI: Spanish residential-focused SOCIMI listed on BME Growth; comparable listed structure and Iberian asset base, though PSN Gestión's portfolio skews toward hotels and commercial rather than residential.
• Corpfin Capital Prime Retail SOCIMI: Spanish SOCIMI focused on prime retail assets; shares the same listed-vehicle structure and Spanish commercial real estate thesis as PSN Gestión's commercial premises.
• Fidere Patrimonio SOCIMI: Spanish residential SOCIMI operating in Iberian markets; shares the BME Growth listing structure and SOCIMI tax/regulatory framework applicable to PSN Gestión.
• Merlin Properties SOCIMI: Spain's largest diversified SOCIMI with offices, retail, logistics, and hotels — directly comparable to PSN Gestión's mixed-use Iberian strategy but at significantly larger scale.
• General de Galerías Comerciales SOCIMI: Small-cap Spanish SOCIMI dedicated to commercial premises and shopping galleries; comparable listed structure and property-type exposure to PSN Gestión's commercial premises portfolio.
• Lar España Real Estate SOCIMI: Spanish SOCIMI focused on retail and commercial premises across major Spanish cities; directly comparable business model and listed SOCIMI structure, although more retail-heavy than PSN.
• Inmobiliaria Colonial SOCIMI: Madrid- and Paris-listed office-focused SOCIMI operating in Iberian prime markets; comparable to PSN Gestión's office and prime-location exposure with similar SOCIMI tax regime.
• Axiare Patrimonio SOCIMI: Historical Spanish SOCIMI focused on offices and commercial assets in Iberia; comparable listed-vehicle model and property-type mix to PSN Gestión's commercial/office portfolio.
• Domo Activos SOCIMI: Small Spanish SOCIMI managing a diversified Iberian property portfolio; comparable in scale and listed-vehicle structure to PSN Gestión.

Market position

Weaknesses5 records

Competitive moat5 records

Key risks5 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 Prevision Sanitaria Nacional Gestion