28.07.2016 PATRIZIA Immobilien AG  DE000PAT1AG3

DGAP-News: PATRIZIA Immobilien AG: PATRIZIA acquires another major retail portfolio


 
DGAP-News: PATRIZIA Immobilien AG / Key word(s): Real Estate/Acquisition PATRIZIA Immobilien AG: PATRIZIA acquires another major retail portfolio 28.07.2016 / 07:00 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Acquisition of the "Alster 10" portfolio with more than 100,000 square metres of retail space PATRIZIA acquires another major retail portfolio - The purchase price is over EUR 200 million - Ten retail properties at established locations with long-standing customer ties - Total annual lease of approximately EUR 14 million - Remaining contractual term greatly above average and anchor tenants with excellent creditworthiness Augsburg, 28 July 2016. PATRIZIA Immobilien AG has acquired a top-value portfolio with more than ten spacious retail properties for over EUR 200 million. The properties are all situated in well-established retail locations in the old German Länder. "Alter 10 is a top-quality speciality retailer portfolio dominated by the grocery retail trade that only very rarely comes onto the market in this form. That is why we are very pleased to have been able to take advantage of this opportunity," comments Daniel Hermann, Head of Fund Management Retail at PATRIZIA. The purchase was performed for the real estate fund "PATRIZIA Handels-Invest Deutschland II", which had already purchased two comparably large portfolios back at the end of 2015 and has now swelled to a total volume of around EUR 750 million through the addition of Alster 10. The fund has thus been fully invested. The seller is Newport Holding, headquartered in Hamburg. The sale procedure was managed by Wrangel Real Estate. Looking at the portfolio in more detail, it consists of five dominant special retail centres, three large consumer markets and two smaller locations with system restaurants. The anchor tenants in the portfolio are all highly reputed retailers with high credit ratings such as real, REWE, Kaufland and Edeka. In sum total, the portfolio as lettable space comprising approximately 110,000 square metres. The real estate is situated in well-established retail locations with long-standing customer ties and strategically important dominance. About 85 per cent of the portfolio was completely refurbished, expanded and switched over by tenants to align with their newest sales strategies before being sold to PATRIZIA - or is in the process of doing so now. The portfolio is concentrated in North Rhine-Westphalia. Additional properties are located in Schleswig-Holstein, Lower Saxony, Bavaria, Baden- Württemberg and Mecklenburg-Western Pomerania. The average remaining lease term is roughly twelve years. About 75 per cent of the lease agreements are generated by highly reputed retail companies like real, Edeka, Kaufland and REWE. Other tenants of importance include big-name retail chains from the drugstore and fashion branches. PATRIZIA has heavily expanded its commitment in the area of retail real estate in the past, with this being the fourth major transaction within the last twelve months. PATRIZIA now manages a volume of around EUR 3.2 billion in real estate properties throughout Europe. In Germany alone, PATRIZIA is one of the biggest lessors in the field of retail properties. PATRIZIA Immobilien AG: PATRIZIA Immobilien AG has been active as an investment manager on the real estate market in 15 European countries for more than 30 years. PATRIZIA's range includes the acquisition, management, value increase and sale of residential and commercial real estate over own licensed investment platforms. As one of the leading real estate investment companies in Europe PATRIZIA operates as a respected business partner of large institutional investors and retail investors in all major European countries. Currently, the Company manages real estate assets worth around EUR 17 billion, primarily as a co-investor and portfolio manager for insurance companies, pension fund institutions, sovereign funds, savings and cooperative banks. For further information, please visit: www.patrizia.ag. PATRIZIA Immobilien AG PATRIZIA Bürohaus Fuggerstraße 26 86150 Augsburg Listed: Official Market Frankfurt am Main (Prime Standard) ISIN: DE000PAT1AG3 WKN: PAT1AG Contact Investor Relations Michael Tegeder T +49 821 50910-401 [email protected] Verena Schopp de Alvarenga T +49 821 50910-351 [email protected] --------------------------------------------------------------------------- 28.07.2016 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. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: PATRIZIA Immobilien AG Fuggerstraße 26 86150 Augsburg Germany Phone: +49 (0)821 - 509 10-000 Fax: +49 (0)821 - 509 10-999 E-mail: [email protected] Internet: www.patrizia.ag ISIN: DE000PAT1AG3 WKN: PAT1AG Indices: SDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Terminbörse EUREX End of News DGAP News Service --------------------------------------------------------------------------- 486793 28.07.2016


Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 249,57 350,63 398,70 301,69 318,16 346,29 292,43
EBITDA1,2 95,79 120,78 136,92 115,69 128,92 78,93 54,10
EBITDA-Marge3 38,38 34,45 34,34 38,35 40,52 22,79
EBIT1,4 87,11 78,55 81,36 73,38 93,31 35,56 5,10
EBIT-Marge5 34,90 22,40 20,41 24,32 29,33 10,27 1,74
Jahresüberschuss1 58,90 58,12 56,35 40,68 51,81 7,25 -4,10
Netto-Marge6 23,60 16,58 14,13 13,48 16,28 2,09 -1,40
Cashflow1,7 17,20 -53,35 56,62 82,87 29,34 120,91 73,83
Ergebnis je Aktie8 0,60 0,57 0,58 0,42 0,54 0,08 0,07
Dividende8 0,25 0,27 0,29 0,30 0,32 0,33 0,00
Quelle: boersengefluester.de und Firmenangaben

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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: BDO

INVESTOR-INFORMATIONEN
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Patrizia
WKN Kurs in € Einschätzung Börsenwert in Mio. €
PAT1AG 8,620 Halten 796,07
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
22,68 26,31 0,87 11,92
KBV KCV KUV EV/EBITDA
0,71 10,78 2,72 19,44
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,33 0,34 3,94 12.06.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
15.05.2024 14.08.2024 14.11.2024 22.03.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
9,13% 3,53% 5,12% -7,81%
    
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