11.10.2021 ADLER Real Estate AG  DE0005008007

DGAP-Adhoc: ADLER Group S.A., the parent company of ADLER Real Estate Aktiengesellschaft, concludes term sheet on portfolio transaction with 15,350 residential units and 185 commercial units


DGAP-Ad-hoc: ADLER Real Estate AG / Key word(s): Disposal/Real Estate
ADLER Group S.A., the parent company of ADLER Real Estate Aktiengesellschaft, concludes term sheet on portfolio transaction with 15,350 residential units and 185 commercial units

11-Oct-2021 / 04:55 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Publication of a notice pursuant to Article 17 (1) of the Market Abuse Regulation (Regulation (EU) No. 596/2014)

ADLER Real Estate Aktiengesellschaft



Berlin, 11 October 2021:

ADLER Group S.A. ("ADLER"), the parent company of ADLER Real Estate Aktiengesellschaft ("ADLER Real Estate"), and LEG Immobilien SE ("LEG") today, with the approval of the Management Board and the Supervisory Board of ADLER Real Estate, have signed a term sheet setting out the key points of a transaction regarding the sale of a total of 15,350 residential units and 185 commercial units. The proposed transaction relates to 8,120 residential units and 127 commercial units of ADLER Real Estate and 7,230 residential units and 58 commercial units of WESTGRUND Aktiengesellschaft ("WESTGRUND"), in which ADLER Real Estate holds 98.25% of the shares.

The transaction is based on a real estate portfolio valuation in an amount of EUR 1.485 billion (ADLER Real Estate: ca. EUR 644 million; WESTGRUND: ca. EUR 841 million). This is above the respective book values as of 30 June 2021. The transaction shall be executed by way of share deals and ADLER group shall retain a 10.1% participation in the relevant entities. Therefore, the cash inflow, also due to customary purchase price adjustments, will not correspond to the real estate valuation.

The closing of the transaction is subject to due diligence conducted by LEG, the conclusion of final agreements and the fulfillment of customary market conditions, in particular regulatory approvals, and is expected to take place by the end of 2021.

Notifying Person:
Colleen Yorke, Legal Counsel
+49 30 403 907 543
[email protected]


This release is neither an advertisement nor a securities prospectus and should not be relied upon in making any investment decision to purchase, subscribe for or otherwise acquire any securities. The information and opinions contained in this release are provided as at the date of this release, are subject to change without notice and do not purport to contain all information that may be required to evaluate ADLER Real Estate AG ("ADLER Real Estate"). No reliance may or should be placed for any purpose whatsoever on the information contained in this release, or any other information discussed verbally, or on its completeness, accuracy or fairness.

This release is not and may not be published, distributed or transmitted in the United States of America, Canada, Australia or Japan. This release does not constitute an offer of securities for sale or a solicitation of an offer to purchase securities of ADLER Real Estate in the United States of America, Australia, Canada, Japan or any other jurisdiction in which such offer, sale or solicitation is unlawful prior to registration or qualification under the securities laws of such jurisdiction. The securities referred to herein may not and will not be offered or sold in Australia, Canada or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada or Japan subject to certain exceptions.

Certain statements contained in this release may constitute "forward-looking statements" that involve a number of risks and uncertainties. Forward-looking statements are generally identifiable by the use of the words "may", "will", "should", "plan", "expect", "anticipate", "estimate", "believe", "intend", "project", "goal" or "target" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are based on assumptions, forecasts, estimates, projections, opinions or plans that are inherently subject to significant risks, as well as uncertainties and contingencies that are subject to change. No representation is made or will be made by ADLER Real Estate that any forward-looking statement will be achieved or will prove to be correct. The actual future business, financial position, results of operations and prospects may differ materially from those projected or forecast in the forward-looking statements. ADLER Real Estate does not assume any obligation to update, and does not expect to publicly update, or publicly revise, any forward-looking statements or other information contained in this release, whether as a result of new information, future events or otherwise, except as otherwise required by law.

Berlin, 11 October 2021

ADLER Real Estate Aktiengesellschaft
Managing Board

11-Oct-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language: English
Company: ADLER Real Estate AG
Am Karlsbad 11
10785 Berlin
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
WKN: 500800, A14J3Z
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: 1239628

End of Announcement DGAP News Service

1239628  11-Oct-2021 CET/CEST


Die wichtigsten Finanzdaten auf einen Blick
  2016 2017 2018 2019 2020 2021 2022e
Umsatzerlöse1 245,80 264,39 349,60 370,36 354,68 337,76 0,00
EBITDA1,2 103,30 124,90 119,30 112,10 -360,30 183,90 0,00
EBITDA-Marge3 42,03 47,24 34,12 30,27 -101,58 54,45 0,00
EBIT1,4 268,49 311,82 582,83 469,01 353,29 375,82 0,00
EBIT-Marge5 109,23 117,94 166,71 126,64 99,61 111,27 0,00
Jahresüberschuss1 133,78 142,63 332,45 367,76 -304,42 74,56 0,00
Netto-Marge6 54,43 53,95 95,09 99,30 -85,83 22,08 0,00
Cashflow1,7 100,55 36,35 131,00 94,36 149,15 18,76 0,00
Ergebnis je Aktie8 1,76 1,78 3,50 3,08 -4,39 0,66 0,32
Dividende8 0,00 0,04 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2021 - 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: KPMG

Adler Real Estate
WKN Kurs in € Einschätzung Börsenwert in Mio. €
500800 7,180 Halten 783,10
KGV 2023e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
18,41 7,67 2,40 5,10
0,46 41,75 2,32 14,88
Dividende '20 in € Dividende '21e in € Div.-Rendite '21e
in %
0,00 0,00 0,00 05.07.2022
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
31.05.2022 31.08.2022 30.11.2022 30.04.2022
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
28,56% 0,14% 10,97% -40,27%
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu ADLER Real Estate AG  ISIN: DE0005008007 können Sie bei DGAP abrufen

Immobilien (Wohn) , 500800 , ADL , XETR:ADL