Shares in Samolet, one of Russia's largest residential property developers, fell sharply on the Moscow Exchange on Monday, September 14, 2026, dropping nearly 10% after opening at 330 rubles apiece, according to exchange data cited by 247 News Agency.
By the time of writing, the stock had recovered slightly, trading above 300 rubles a share, though it remained down by about 8% on the day.
Analysts point to rival's delisting
Elena Kozhukhova, an analyst at the investment company Veles Capital, said investors appeared to have been unsettled by the delisting of rival developer PIK, another major Russian homebuilder. Delisting removes a company's shares from public trading, typically after a majority owner buys out the remaining shareholders.
PIK's majority shareholder, AO Nedvizhimye Aktivy, had earlier consolidated 98% of the company's shares and decided to buy out the stock still held by minority investors, effectively taking the company private.
Pavel Verevkin, head of the financial markets analysis department at the investment firm KIT Finance, said the move gave the majority shareholder full control over cash flows and corporate decisions. He said it also freed the company from the requirements of being publicly traded and might allow the majority owner to keep for itself any future rise in the business's value once Russia's property market recovers.
A volatile year for Samolet stock
Samolet listed its shares in an initial public offering in 2020 at 950 rubles apiece. The stock hit fresh lows of around 750 rubles in March 2026, before falling below 300 rubles for the first time in July 2026, after the company decided not to pay dividends to shareholders. That marks a decline of more than two-thirds since its 2020 listing price.
The Moscow Exchange is Russia's principal venue for trading stocks and bonds, and both Samolet and PIK are counted among the country's largest publicly listed homebuilders.
