14.01.2021 GIEAG Immobilien AG  DE0005492276

DGAP-News: GIEAG Immobilien AG: GIEAG concludes new lease in its MAYOFFICE office development in Stuttgart


DGAP-News: GIEAG Immobilien AG / Key word(s): Real Estate
GIEAG Immobilien AG: GIEAG concludes new lease in its MAYOFFICE office development in Stuttgart

14.01.2021 / 10:46
The issuer is solely responsible for the content of this announcement.

GIEAG concludes new lease in its MAYOFFICE office development in Stuttgart
- Stoye-Benk notarial office leases entire 3rd floor with 1,500 square metres of office space
Stuttgart/Munich, 14. January 2021: The family-run, Munich-based real estate company GIEAG Immobilien AG (GIEAG) has concluded a new lease agreement for office space in its  MAYOFFICE development in the Pragsattel district of Stuttgart. The development's latest tenant is Christiane Stoye-Benk's notarial services firm, which has signed a lease for the entire 3rd floor of the building, comprising around 1,500 sq m of state-of-the-art office space plus storage areas. Christiane Stoye-Benk joins a roster of tenants that already includes ADWEKO Consulting GmbH and ISM INTERNATIONAL SCHOOL of MANAGEMENT. With the new lease in place, more than 80 per cent of the property's modern office space has now been let on long-term leases.
MAYOFFICE is a major office development in central Stuttgart, close to Theaterhaus Stuttgart, Friedrichsbau Varieté and Höhenpark Killesberg. The scheme's two buildings, one office MAYOFFICE and one residential MAYLIVING, are being developed by GIEAG. Final completion is scheduled for Q2 2021. The high-quality of the development's office and residential space are underscored by its prime location, right next to Stuttgart's new Theaterplatz.
"Against the backdrop of the coronavirus pandemic, Stuttgart registered the sharpest drop in new office leases in Germany in 2020. According to a recent JLL study, new leases declined by a massive 56 per cent. This new lease confirms that the quality and location of our MAYOFFICE scheme enables us to defy prevailing market trends and overcome the challenging situation on the Stuttgart office market in particular", explains Thomas Männel of GIEAG Immobilien AG.

About GIEAG Immobilien AG:
GIEAG is a family-run, Munich-based public limited real estate company. Shares in GIEAG Immobilien AG are traded on the Munich Stock Exchange. Combining three asset classes -- office, residential, and logistics - and two service areas - development and portfolio management - the company brings to market a range of uniquely stable investment opportunities. GIEAG's team of experts stands as a guarantor for innovative and forward-looking real estate investment concepts.
Over the past 20 years, GIEAG Immobilien AG has developed and optimised a substantial number of properties with floor areas of up to 145,000 square metres in projects involving individual investment of between EUR 15 million and EUR 150 million. Partnership, transaction security, consistency and agility are the guiding principles by which GIEAG Immobilien AG achieves its long-term goals of increasing shareholder value.

14.01.2021 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: GIEAG Immobilien AG
Oettingenstrasse 35
80538 München
Phone: +49 89 290516-0
Fax: +49 89 290516-11
E-mail: [email protected]
Internet: www.gieag.de
ISIN: DE0005492276
WKN: 549227
Listed: Regulated Unofficial Market in Munich (m:access)
EQS News ID: 1160612

End of News DGAP News Service

1160612  14.01.2021 


Die wichtigsten Finanzdaten auf einen Blick
  2015 2016 2017 2018 2019 2020 2021e
Umsatzerlöse1 65,38 12,85 22,79 11,45 9,62 81,99 83,00
EBITDA1,2 16,21 1,74 8,11 36,44 2,93 31,58 32,40
EBITDA-Marge3 24,79 13,54 35,59 318,25 30,46 38,52 39,04
EBIT1,4 15,40 -0,16 4,44 33,13 0,24 28,75 29,40
EBIT-Marge5 23,55 -1,25 19,48 289,34 2,50 35,07 35,42
Jahresüberschuss1 10,63 -2,37 -1,36 27,04 -6,26 15,93 16,50
Netto-Marge6 16,26 -18,44 -5,97 236,16 -65,07 19,43 19,88
Cashflow1,7 5,54 -10,19 -24,94 -42,95 -0,10 23,58 0,00
Ergebnis je Aktie8 2,56 -0,56 -0,33 6,49 -1,50 3,82 5,80
Dividende8 0,24 0,24 0,36 0,80 0,80 1,00 1,20
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: LKC Treubeg

GIEAG Immobilien
WKN Kurs in € Einschätzung Börsenwert in Mio. €
549227 22,200 93,24
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
11,10 6,89 1,61 13,40
1,90 3,95 1,14 13,85
Dividende '20 in € Dividende '21e in € Div.-Rendite '21e
in %
1,00 1,20 5,41 23.06.2021
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
29.10.2021 23.06.2021
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-0,33% 11,02% 8,82% 23,33%
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Immobilien (Gewerbe) , 549227 , 2GI