16.01.2020 GORE German Office Real Estate AG  DE000A0Z26C8

DGAP-News: GORE German Office Real Estate AG: GORE German Office Real Estate AG successfully sells office property in Telgte


DGAP-News: GORE German Office Real Estate AG / Key word(s): Real Estate/Disposal
GORE German Office Real Estate AG: GORE German Office Real Estate AG successfully sells office property in Telgte

16.01.2020 / 09:02
The issuer is solely responsible for the content of this announcement.

GORE German Office Real Estate AG successfully sells office property in Telgte

Frankfurt/Main, 16 January 2020 - GORE German Office Real Estate AG ("GORE"; ISIN DE000A0Z26C8), a real estate investor focusing on commercial real estate primarily in German conurbations, has successfully sold an office property in Telgte near Münster to an institutional real estate investor. The corresponding contract has been notarised and the transaction is expected to be closed by the end of February 2020. The parties have agreed not to disclose the selling price.

As part of GORE's transaction-based approach, the company's business model includes not only acquisitions to expand its real estate portfolio but also the sale of properties to realise upmarket values. The office building in Telgte that has now been sold was built in 2007 and has a rental area of 3083 square metres. The property also features 140 car parking spaces. The weighted average lease term (WALT) of the property amounts to around 13 years. The three-storey single-tenant office property is fully let and serves as a part of Takko Holding GmbH's headquarters.

Jörg Reinhardt, CEO of GORE: "We are very pleased with the successful sale of the office property in Telgte, as it is proof of the choice of location and the quality of the property. In accordance with our strategy, we have thus taken advantage of an emerging market opportunity. Notwithstanding this sale, GORE's focus is on further expanding its real estate portfolio. We want to continue to grow successfully and profitably and are building on our full pipeline.

About GORE
The GORE German Office Real Estate AG ("GORE") is a dynamically growing real estate investor with a focus on office properties in German conurbations. Using a manage-to-core approach, GORE acquires properties in preferred locations at below market value wherever possible in order to sustainably enhance their value. Investment activities focus on properties with a market value of between EUR 1 and 15 million. Compared to other property sizes, this size class offers a less competitive market environment in terms of purchasing according to GORE estimates. GORE's aim is to generate above-average value enhancement and return potential along the entire value chain, from acquisition through management to sale, together with its partners. The volume of the real estate portfolio is expected to be multiplied by acquisitions in the coming years.


Press Contact:

Financial Press and Investor Relations:edicto GmbH
Axel Mühlhaus
Phone: +49 69 905505-52
Mail: [email protected]

16.01.2020 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: GORE German Office Real Estate AG
Bockenheimer Landstraße 17-19
60325 Frankfurt am Main
Phone: 069 / 2714 74 038
E-mail: [email protected]
Internet: www.gore-ag.de
ISIN: DE000A0Z26C8
Listed: Regulated Unofficial Market in Munich (m:access)
EQS News ID: 954753

End of News DGAP News Service

954753  16.01.2020 


Die wichtigsten Finanzdaten auf einen Blick
  2016 2017 2018 2019 2020 2021 2022
Umsatzerlöse1 0,29 0,81 0,04 0,00 0,02 0,01 0,00
EBITDA1,2 3,08 -0,69 -0,27 -0,62 -0,95 0,21 0,00
EBITDA-Marge3 1.062,07 -85,19 -675,00 0,00 -4.750,00 2.100,00 0,00
EBIT1,4 3,08 -0,69 -0,28 -0,62 -0,95 0,20 0,00
EBIT-Marge5 1.062,07 -85,19 -700,00 0,00 -4.750,00 2.000,00 0,00
Jahresüberschuss1 2,44 -0,71 0,22 -0,13 -1,11 -0,35 0,00
Netto-Marge6 841,38 -87,65 550,00 0,00 -5.550,00 -3.500,00 0,00
Cashflow1,7 2,44 -0,71 0,22 -0,13 -1,10 -0,35 0,00
Ergebnis je Aktie8 0,16 -0,05 0,01 -0,01 -0,03 -0,01 0,00
Dividende8 0,27 0,00 0,00 0,00 0,00 0,00 0,07
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: Grand Thornton

GORE German Office Real Estate
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A0Z26C 0,880 33,02
KGV 2024e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
12,57 18,56 0,69 12,57
0,48 - 1.651,10 252,47
Dividende '22 in € Dividende '23e in € Div.-Rendite '22e
in %
0,07 0,10 7,95 07.12.2022
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
26.11.2021 21.10.2022
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-48,36% -58,14% -64,80% -67,41%
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Immobilien (Gewerbe) , A0Z26C , GAG , XETR:GAG