28.12.2021 Noratis AG  DE000A2E4MK4

DGAP-News: Noratis AG significantly expands its portfolio at the end of 2021


DGAP-News: Noratis AG / Key word(s): Real Estate/Acquisition
Noratis AG significantly expands its portfolio at the end of 2021

28.12.2021 / 10:19
The issuer is solely responsible for the content of this announcement.

Noratis AG significantly expands its portfolio at the end of 2021

  • Acquisition in East Westphalia
  • Real estate portfolio nationwide at more than 4,200 units
  • First transfers to fixed assets

Eschborn, 28 December 2021. Shortly before the end of the year, Noratis AG, a leading portfolio developer of residential properties, announces yet another acquisition in 2021: in Germany, East Westphalia, the listed company has purchased a real property and has hence been able to successfully expand its portfolio in the federal state North Rhine-Westphalia.

As a result of the acquisitions made in 2021, the nationwide portfolio of existing assets has increased to 4,200 residential units. The expansion of the portfolio has been pushed in line with the strategy despite the sale of almost 300 units in the course of the year. By way of comparison: at the end of 2020 the portfolio still included 3,366 units. The development comes along with a significant increase in income from portfolio management. Noratis' goal is to be sustainably profitable already from the portfolio.

As a result of the portfolio size reached by now, the successful portfolio developer can act flexibly on the market: Noratis can benefit either from the attractive rental yields of the standing properties developed by it or realise the added value from the portfolio development through a sale. Individual properties with attractive returns on equity can thus remain in the portfolio in the long term. Due to the company's accounting based on IFRS, these properties are to be carried as fixed assets. The reclassification means that the values created for the real estate held as fixed assets are now taken into consideration in both the balance sheet and the income statement within the framework of the annual financial statements.

"So far, we have only realised profits from portfolio development when the properties were sold. As a result, we had around EUR 49 million in hidden reserves, i. e. unrealised gains, in the portfolio at the end of 2020. As a result of the longer holding period for individual properties, the market values of these properties are now recognized in the balance sheet, and in the event of a positive development, this will ultimately lead not only to higher carrying amounts but also to improved corporate results", André Speth, CFO of Noratis AG, explains.


About Noratis:

Noratis AG (www.noratis.de) is a leading portfolio developer of residential properties in Germany. The company identifies and realizes potentials for tenants, owner-occupiers & investors, thereby creating and preserving attractive and at the same time affordable living space throughout Germany. Noratis specializes in the upgrading of ageing residential portfolios, mostly company-owned apartments, residential areas, or housing estates in cities with more than 10,000 inhabitants and in peripheral areas of conurbations. After a successful development, the properties remain in the company's portfolio or are sold in the medium term to investors and/or individually to existing tenants, capital investors and owner-occupiers. In this way, Noratis creates a noticeable and sustainable added value for all stakeholders: from investors, employees, and financing partners to current and future tenants. Noratis AG is listed on the Frankfurt Stock Exchange.


Noratis AG
Florence-Anne Kälble, Communication Manager
069-170 77 68 20
[email protected]

Investor & Public Relations Contact:

edicto GmbH
Dr. Sönke Knop
T +49 (0)69 905 505 51
E [email protected]
Eschersheimer Landstraße 42
60322 Frankfurt am Main

28.12.2021 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.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Noratis AG
Hauptstraße 129
65760 Eschborn
Phone: +49 (0) 69 / 170 77 68 20
E-mail: [email protected]
Internet: www.noratis.de
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1262839

End of News DGAP News Service

1262839  28.12.2021 


Die wichtigsten Finanzdaten auf einen Blick
  2016 2017 2018 2019 2020 2021 2022e
Umsatzerlöse1 44,56 67,99 56,12 75,95 28,70 73,60 82,00
EBITDA1,2 9,95 15,32 15,72 15,95 8,63 16,29 19,00
EBITDA-Marge3 22,33 22,53 28,01 21,00 30,07 22,13 23,17
EBIT1,4 9,91 15,22 15,55 15,76 8,21 19,36 18,30
EBIT-Marge5 22,24 22,39 27,71 20,75 28,61 26,30 22,32
Jahresüberschuss1 4,21 8,67 9,27 8,67 2,80 9,54 12,60
Netto-Marge6 9,45 12,75 16,52 11,42 9,76 12,96 15,37
Cashflow1,7 18,71 12,86 -0,09 -18,36 -94,05 -70,10 -50,00
Ergebnis je Aktie8 1,05 2,97 2,57 2,40 0,58 1,97 2,60
Dividende8 0,33 1,50 1,30 0,80 0,50 0,55 0,40
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: RGT Treuhand

WKN Kurs in € Einschätzung Börsenwert in Mio. €
A2E4MK 12,100 Kaufen 58,30
KGV 2024e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
8,07 11,62 0,69 7,69
0,70 - 0,79 24,24
Dividende '22 in € Dividende '23e in € Div.-Rendite '22e
in %
0,40 0,40 3,31 19.07.2023
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
30.09.2022 01.05.2023
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
3,30% -17,27% 4,31% -40,69%
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