05.11.2019 Coreo AG  DE000A0B9VV6

DGAP-News: Coreo acquires residential portfolio in North Rhine-Westphalia


 

DGAP-News: Coreo AG / Key word(s): Real Estate/Acquisition
Coreo acquires residential portfolio in North Rhine-Westphalia

05.11.2019 / 08:00
The issuer is solely responsible for the content of this announcement.


Coreo acquires residential portfolio in North Rhine-Westphalia

  • 272 residential units at 4 locations
  • 19,800 m² total rentable area
  • Closing in 2020

Frankfurt am Main - 5 November 2019 - Coreo acquired a total of 272 apartments and a commercial unit from LEG in Wuppertal, Bielefeld, Gelsenkirchen and Lünen. The residential portfolio is almost completely rented. The special status of the properties as publicly subsidised ends in 2021 and 2024 respectively. The properties in Wuppertal and Bielefeld shall remain in the portfolio long term, held by a newly founded SPV (special purpose vehicle). Coreo acquired the properties in Gelsenkirchen and Lünen directly with the Coreo AG because the company anticipates additional development potential.

The closing will take place at the beginning of the coming year in accordance with the sales and purchase contract. As a result, the property portfolio will generate revenue and earnings contributions for the first time in the business year 2020. The parties agreed not to disclose the acquisition price.

"I am delighted about the acquisition of our first residential portfolio in the most populous German state. Here, we also see extremely interesting development opportunities for some properties, as we experienced with our residential portfolio in Göttingen and the Hydra portfolio. Furthermore, we want to exploit the opportunities offered by the local real estate market", explains Marin N. Marinov regarding the planned approach and looks forward to the continuation of Coreo's success story.
 

About Coreo AG
Coreo AG, which has its registered office in Frankfurt am Main, is a dynamically growing real estate company with a focus on German commercial and residential properties. Investments are made in real estate with considerable potential for appreciation thru refurbishment and repositioning, preferred in A and B macro locations. The goal is to build up an efficiently managed, high-yielding real estate portfolio through prudent development and the sale of non-strategic properties.

Contact:
Coreo AG
Felix Krekel, CIIA
Investor Relations
Grüneburgweg 18
D-60322 Frankfurt a. M.
[email protected]
T: +49 69 219396-0


05.11.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Coreo AG
Grüneburgweg 18
60322 Frankfurt am Main
Germany
Phone: +49 69 2193 96-0
Fax: +49 69 2193 96-150
E-mail: [email protected]
Internet: www.coreo.de
ISIN: DE000A0B9VV6
WKN: A0B9VV
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 903481

 
End of News DGAP News Service

903481  05.11.2019 

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Die wichtigsten Finanzdaten auf einen Blick
  2015 2016 2017 2018 2019 2020 2021e
Umsatzerlöse1 0,00 0,00 0,48 8,89 5,90 9,61 0,00
EBITDA1,2 -0,49 -2,47 3,25 4,91 2,52 -0,01 0,00
EBITDA-Marge3 0,00 0,00 677,08 55,23 42,71 -0,10 0,00
EBIT1,4 -3,80 -7,26 3,24 4,90 2,50 -0,69 0,00
EBIT-Marge5 0,00 0,00 675,00 55,12 42,37 -7,18 0,00
Jahresüberschuss1 -5,55 -7,27 3,08 1,66 -0,86 -2,44 0,00
Netto-Marge6 0,00 0,00 641,67 18,67 -14,58 -25,39 0,00
Cashflow1,7 -5,40 -2,47 -0,79 -11,30 -5,25 -13,80 0,00
Ergebnis je Aktie8 -0,89 -0,78 0,19 0,10 -0,05 -0,14 0,09
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2020 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Votum

INVESTOR-INFORMATIONEN
©boersengefluester.de
Coreo
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A0B9VV 1,260 Halten 22,10
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
9,00 14,06 0,64 -5,63
KBV KCV KUV EV/EBITDA
0,83 - 2,30 8.805,50
Dividende '20 in € Dividende '21e in € Div.-Rendite '21e
in %
Hauptversammlung
0,00 0,00 0,00 14.09.2021
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
30.10.2021 30.04.2021
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-6,80% -11,70% -27,17% -10,00%
    
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Immobilien (Gewerbe) , A0B9VV , CORE , XETR:NNS