08.07.2021 Coreo AG  DE000A0B9VV6

DGAP-News: Coreo acquires manufacturing sites and administrative facilities from German automotive supplier listed on stock exchange


 

DGAP-News: Coreo AG / Key word(s): Real Estate
Coreo acquires manufacturing sites and administrative facilities from German automotive supplier listed on stock exchange

08.07.2021 / 09:00
The issuer is solely responsible for the content of this announcement.


Coreo acquires manufacturing sites and administrative facilities from German automotive supplier listed on stock exchange

  • Annual rent >700 TEUR with triple net lease
  • Total rental area approx. 14,400 m²
  • Sale and lease back transaction

Frankfurt am Main, 8 July 2021 - Via a 100 % subsidiary, Coreo took over two manufacturing sites and the administrative headquarters of a well-known German automotive supplier listed on the stock exchange. Two manufacturing sites and the administrative headquarters were leased from the seller as part of the sale and lease back transaction. The triple net leases have a term of 10 and 3 years. In addition, there are renewal options of three times 5 years and three times 1 year, respectively. The leases generate annual rental income of more than EUR 700,000 for Coreo.
The properties are located in the German Baden-Württemberg, North Rhine-Westphalia and Thuringia and have a total rental area of around 14,400 m². The greater part of approx. 10,700 m² is used for manufacturing. The other areas are used for the administrative headquarters and offices at the two manufacturing sites.
The properties are in an exceptionally good state of maintenance and do not require any investment in the foreseeable future. They also have excellent transport connections and can be easily used by third parties. The closing is still scheduled in the third quarter of 2021. The parties agreed not to disclose the purchase price.

Marin Marinov, Chairman of the Board of Coreo AG, has an optimistic view of the future: "By means of the corporate financing concluded at the end of 2020 and fully disbursed in March, we created the financial basis for Coreo's further growth. Today, we made use of this for the first time. Furthermore, we are highly confident that, after intensive preliminary work, we will soon be able to carry out additional acquisitions and thus increase the volume of our real estate portfolio to more than 100 million euros."
 

About Coreo AG
Coreo AG, with headquarters in Frankfurt am Main, is a dynamically growing real estate company with a focus on German commercial and residential real estate. The company invests in properties with significant potential to increase in value where there is a requirement for development, preferably in medium-sized centres. The objective is to build up an efficiently managed, high-yield property portfolio.


Contact:
Coreo AG
Andrea Glaab
Investor Relations
Grüneburgweg 18
D-60322 Frankfurt a. M.
[email protected]
T: +49 (0) 69-21 93 96-0


08.07.2021 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: 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: 1216366

 
End of News DGAP News Service

1216366  08.07.2021 

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Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 0,48 8,89 5,90 9,61 14,67 8,85 9,30
EBITDA1,2 3,25 4,91 2,52 -0,01 2,87 1,05 0,00
EBITDA-Marge3 677,08 55,23 42,71 -0,10 19,56 11,86
EBIT1,4 3,24 4,90 2,50 -0,69 2,84 0,98 0,00
EBIT-Marge5 675,00 55,12 42,37 -7,18 19,36 11,07 0,00
Jahresüberschuss1 3,08 1,66 -0,86 -2,44 -0,89 -1,90 -1,15
Netto-Marge6 641,67 18,67 -14,58 -25,39 -6,07 -21,47 -12,37
Cashflow1,7 -0,79 -11,30 -5,25 -13,80 -2,84 -3,29 0,00
Ergebnis je Aktie8 0,19 0,10 -0,05 -0,14 -0,05 -0,09 -0,11
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2022 - 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 0,356 - 8,03
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
0,00 14,09 0,00 -1,12
KBV KCV KUV EV/EBITDA
0,28 - 0,91 67,62
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,00 0,00 0,00 12.07.2023
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
31.10.2023 31.05.2023
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
16,72% -2,47% 9,88% -53,46%
    
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Immobilien (Gewerbe) , A0B9VV , CORE , XETR:CORE