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 103 commercial properties with a rentable space of around 1.0 Mio sqm, a low vacancy rate (1.3 %), and an above-average, high rental yield of approximately 7.24 %
- Significant operating growth and high profitability: average revenue growth rate of 9.4 % since 2011, EBT -margin rose from 37 % in 2011 to currently 48 % in 2015 (w/o valuation effects)
- Sustainable financing structure: equity ratio of 39.8 % and loan-to-value (LTV) ratio of 53.2 % reduce financing risks
- No refinancing problems thanks to long-term financing approach utilising annuity loans; average interest-rate on loan portfolio only 3.36 %
- Strong cash flows: sustainable growth in funds from operations (FFO) allows new investments & attractive dividend policy (dividend per share increase by 46 % since 2011)
- Experienced management with strong network and successful track record of more than 20 years