18.09.2020 ADLER Real Estate AG  DE0005008007

DGAP-News: ADLER Real Estate AG: ADLER agrees disposal of 5,000 residential assets above book value


 

DGAP-News: ADLER Real Estate AG / Key word(s): Disposal
ADLER Real Estate AG: ADLER agrees disposal of 5,000 residential assets above book value

18.09.2020 / 07:30
The issuer is solely responsible for the content of this announcement.


 

ADLER agrees disposal of 5,000 residential assets above book value

- Successful disposal of c.5,000 units at premium to book value

- Following the transaction, ADLER's vacancy rate will reduce by 0.4% and average rent will increase by 2   cents/sqm/month

- Transaction is the next step in ADLER's strategy to streamline its portfolio and strengthen its balance sheet in     line with ongoing deleveraging commitments

- Net LTV to reduce by 200 bps

- Closing is expected by the end of the year

Berlin, 18 September 2020 - Adler Real Estate AG (ADLER) today entered into a binding sale and purchase agreement with a major international real estate investor, to dispose of 5,064 residential and commercial units at a premium to book value as of H1 2020, further demonstrating the resilience of the German residential real estate market at a time of heightened macroeconomic uncertainty. The properties are primarily located in Lower Saxony, North Rhine Westphalia and Rhineland-Palatinate. The units generate net rental income of EUR 18.6m pa and have a 12% vacancy rate with an average rent of 5.46 EUR/sqm/month.

The transaction is a natural next step in ADLER's strategy to streamline its portfolio. The assets are located in 36 cities which are not included in the top 13 cities and represent c.18% of its portfolio outside of the top 13 locations. As such, ADLER will be exiting 34 of cities through the transaction as it looks to refocus its portfolio. The sale will have a positive impact on all portfolio KPIs, with vacancy reducing by 0.4% and average rent increasing by 2 cents/sqm/month based on ADLER's H1 2020 results.

Net proceeds of c.EUR 237m, after debt repayment, taxes and fees, will be used to further strengthen the balance sheet, in line with ADLER's ongoing deleveraging commitments. Following the transaction, net LTV will reduce by c. 200 bps to 54.4% based on ADLER's H1 2020 figures. The transaction is expected to close by the end of 2020.

Your contact for enquiries:

Tina Kladnik
Head of Investor Relations
ADLER Real Estate AG
Tel: +49 (30) 398018123
[email protected]



18.09.2020 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: ADLER Real Estate AG
Joachimsthaler Straße 34
10719 Berlin
Germany
Phone: +49 30 39 80 18 10
Fax: +49 30 39 80 18 199
E-mail: [email protected]
Internet: www.adler-ag.com
ISIN: DE0005008007, XS1211417362
DE000A1R1A42
DE000A11QF02
WKN: 500800, A14J3Z
A1R1A4
A11QF0
Indices: GPR General Index
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1133389

 
End of News DGAP News Service

1133389  18.09.2020 

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Die wichtigsten Finanzdaten auf einen Blick
  2015 2016 2017 2018 2019 2020 2021e
Umsatzerlöse1 216,64 245,80 264,39 349,60 370,36 354,68 0,00
EBITDA1,2 118,80 103,30 124,90 119,30 112,10 -360,30 0,00
EBITDA-Marge3 54,84 42,03 47,24 34,12 30,27 -101,58 0,00
EBIT1,4 176,59 268,49 311,82 582,83 469,01 353,29 0,00
EBIT-Marge5 81,51 109,23 117,94 166,71 126,64 99,61 0,00
Jahresüberschuss1 78,28 133,78 142,63 332,45 367,76 -304,42 0,00
Netto-Marge6 36,13 54,43 53,95 95,09 99,30 -85,83 0,00
Cashflow1,7 24,97 100,55 36,35 131,00 94,36 149,15 0,00
Ergebnis je Aktie8 1,56 1,76 1,78 3,50 3,08 -4,39 2,05
Dividende8 0,00 0,00 0,04 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: Ebner Stolz

INVESTOR-INFORMATIONEN
©boersengefluester.de
Adler Real Estate
WKN Kurs in € Einschätzung Börsenwert in Mio. €
500800 7,900 Halten 861,63
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
7,18 5,08 1,37 5,66
KBV KCV KUV EV/EBITDA
0,51 5,78 2,43 -11,99
Dividende '20 in € Dividende '21e in € Div.-Rendite '21e
in %
Hauptversammlung
0,00 0,00 0,00 14.12.2021
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
28.05.2021 31.08.2021 30.11.2021 31.03.2021
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-12,05% -30,14% -39,04% -39,04%
    
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