We invest in the south. So the share price goes north.

  • A real estate company with strong net asset backing and an investment focus on the high-growth Southern German region and on the logistics&light-industry growth sector, as well as on retail properties
  • Well-diversified portfolio consisting of around 108 commercial properties with a rentable space of around 1.1 Mio sqm, a low vacancy rate (0.7 %), and an above-average, high rental yield of approximately 7.02 %
  • Significant operating growth and high profitability: average revenue growth rate of 5.6 % since 2014, EBT (excluding valuation effects and extraordinary items)  rose from 38.3m EUR in 2014 to currently 51.7 m EUR in 2018 (w/o valuation effects)
  • Sustainable financing structure: equity ratio of 42.7%* and loan-to-value (LTV) ratio of 51.0%* reduce financing risks
  • No refinancing problems thanks to long-term financing approach utilising annuity loans; average interest-rate on loan portfolio only 2.33 %
  • Strong cash flows: sustainable growth in funds from operations (FFO) allows new investments & attractive dividend policy
  • Dividend per share increased for the tenth time in succession to now 0.65 EUR* for the fiscal year 2018
  • Experienced management with strong network and successful track record of more than 25 years

       *proposal of management

Petra Riechert

Phone: +49 8431 9077-952