31.03.2021 ADLER Real Estate AG  DE0005008007

DGAP-News: ADLER Real Estate AG: Business year 2020 successfully closed


 

DGAP-News: ADLER Real Estate AG / Key word(s): Annual Results
ADLER Real Estate AG: Business year 2020 successfully closed

31.03.2021 / 07:00
The issuer is solely responsible for the content of this announcement.


ADLER Real Estate: Business year 2020 successfully closed

Berlin, March 31, 2021 - ADLER Real Estate AG has closed the business year 2020 successfully as part of the new ADLER Group. Although net rental income fell slightly year on year following reductions in the property portfolio, both FFO I and EPRA NRV increased further.

Net rental income declined slightly due to reduction in property portfolio

Net rental income amounted to EUR 239.7 million in 2020 and was thus 3.6% below the comparable prior-year figure. This development is mainly due to the fact that the commercial portfolio of BCP which was sold in 2019 did not further contribute to rental income in 2020 and, in addition, the number of rental units also declined in the course of the business year in the course of further portfolio optimisation. At the same time, operational KPI's such as the vacancy rate and the average monthly rent per sqm improved further in 2020.

As a consequence, earnings from property lettings fell slightly. As income from fair value adjustments - partly due to Corona - was also lower than in the previous year, earnings declined overall.

FFO I improved by 1.8%

Notwithstanding the decline in sales and earnings, FFO I proved to be robust compared to the previous year and increased by 1.8 percent to EUR 85.9 million.

EPRA NRV increased by 5.3%

The EPRA NRV (excluding goodwill, fully diluted and taking into account the capital increase resolved at the beginning of October 2020) amounted to EUR 2.3 billion at the end of 2020 and was thus 5.3% above the comparable prior-year level.

Since the Adler Group took over the majority of ADLER shares in mid-2020, ADLER has been part of Adler Group. The IFRS consolidated financial statements of ADLER Real Estate AG are therefore fully consolidated in the IFRS consolidated financial statements of Adler Group S.A.

The complete 2020 financial report is available on ADLER's website at www.adler-ag.com.

2020 key data

 

EUR Mio 2020 2019
     
Consolidated Statement of Income    
     
Net rental income 239.7 248.7
     
Earnings from property lettings 211.2 219.3
Earnings from sale of properties 12.1 0.5
Income from fair value adjustments of investment properties 239.5 362.6
     
EBIT 353.3 469.0
     
Funds from Operations I 85.9 84.4
FFO I/share (diluted) (€) 1.05 1.06
     
Consolidated Balance Sheet 31.12.2020 31.12.2019
     
Investment properties (incl. inventories) 5,020.1 5,007.3
     
EPRA NRV (adjusted and fully diluted) 2,324.2 2,206.2
NRV/share (€) 19.93 27.62
     
LTV (%) 51.2 49.4
     
WACD (%) 1.94 2.05
     
Portfolio 31.12.2020 31.12.2019
     
Units 52,178 58,083
Annualised net rental income 219.9 224.4
Vacancy rate (%) 4.3 4.9
Ø Rent/month/sqm (€) 6.00 5.60
 

Contact:
Tina Kladnik
Head of Investor Relations
ADLER Real Estate AG
Tel: +49 (162) 424 6833
[email protected]



31.03.2021 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: ADLER Real Estate AG
Am Karlsbad 11
10785 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: 1179875

 
End of News DGAP News Service

1179875  31.03.2021 

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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 7,600 Halten 828,91
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
6,91 5,06 1,36 5,44
KBV KCV KUV EV/EBITDA
0,49 5,56 2,34 -11,90
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
-16,64% -33,05% -41,36% -41,54%
    
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