02.07.2019 CONSUS Real Estate AG  DE000A2DA414

DGAP-News: CONSUS Real Estate AG: Will the introduction of the Berlin rental freeze affect CONSUS, Germany's leading real estate developer?


DGAP-News: CONSUS Real Estate AG / Key word(s): Real Estate/Statement
CONSUS Real Estate AG: Will the introduction of the Berlin rental freeze affect CONSUS, Germany's leading real estate developer?

02.07.2019 / 08:45
The issuer is solely responsible for the content of this announcement.

A decision made by the Berlin state government on June 18, 2019, has made a big splash on the German real estate market. In the early afternoon, Berlin's Governing Mayor Michael Müller announced on Twitter:
"Berlin will get a rental cap. (...) It will not be possible to increase rents for 5 years from today. Details to follow".
In the days before the Mayor's announcement, the plan to freeze Berlin rents had already become known and this caused real concern in the real estate sector of the German capital and throughout Germany: the proposal of the left leaning state government could suddenly make Berlin, which in recent years had become one of the most sought-after locations on the growing German real estate market, unattractive.
The Berlin rent cap will not affect Consus on the basis of the current bill.
In a key issues paper which was published in summary by the Berlin Senate, the state government outlined the scope of its proposal:
The law, which is expected to be passed at the beginning of 2020, but will apply retroactively to 18 June 2019, prohibits all rent increases for flats without a fixed rent. In addition, rent ceilings are to be set. Tenants can apply for actual rents that exceed these limits to be reduced to the applicable limit. Finally, in the case of new leases, the new rent may not exceed that of the previous tenant of an apartment.
The aim of the rent cap is simple: to put an end to the steep rise in residential rents in Berlin.
Has Berlin therefore come to an end as an attractive residential property market for investments?

For property developers, the answer is clear: No!
 The reason for this lies in a short sentence at the end of the press release published by the Berlin Senate:
 "New residential construction is completely exempt from the law."
Andreas Steyer, CEO of CONSUS Real Estate AG, says: "We see ourselves as part of the solution for developing additional affordable housing. We need different political solutions from those that are currently being discussed. This includes the increased designation of building land and the acceleration of approval procedures. We are happy to offer our conceptual support for new and innovative solutions."
Consus Real Estate AG ("CONSUS"), headquartered in Berlin, is a leading residential real estate developer in Germany's top 9 metropolises. With a project development volume of around EUR 10 billion, CONSUS concentrates on standardised multi-storey residential construction. Through forward sales to institutional investors, the digitalisation of construction processes and industrial series production, the group operates along the entire development value chain. CONSUS shares are listed in the scale segment of the Frankfurt am Main Stock Exchange's over-the-counter market and the m:access segment of the Munich Stock Exchange's over-the-counter market and are traded on XETRA in Frankfurt, among other places.
Corporate Communications
Anette von Zitzewitz
phone +49 171 2432736

02.07.2019 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.

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Language: English
Company: CONSUS Real Estate AG
Kurfürstendamm 188-189
10707 Berlin
Phone: +49 (0)30 965 357 90 300
E-mail: info@consus.ag
Internet: www.consus.ag
ISIN: DE000A2DA414
Listed: Regulated Unofficial Market in Dusseldorf, Frankfurt (Scale), Munich (m:access), Stuttgart, Tradegate Exchange
EQS News ID: 834059

End of News DGAP News Service

834059  02.07.2019 


Die wichtigsten Finanzdaten auf einen Blick
  2013 2014 2015 2016 2017 2018 2019e 2020e
Umsatzerlöse1 0,00 2,69 2,86 1,38 7,69 614,97 0,00 0,00
EBITDA1,2 0,00 0,31 0,20 0,06 4,70 107,90 0,00 0,00
EBITDA-Marge3 0,00 11,52 6,99 4,35 61,12 17,55 0,00 0,00
EBIT1,4 0,00 0,31 0,20 0,06 4,70 105,73 0,00 0,00
EBIT-Marge5 0,00 11,52 6,99 4,35 61,12 17,19 0,00 0,00
Jahresüberschuss1 0,00 0,29 0,24 0,06 -7,95 1,17 0,00 0,00
Netto-Marge6 0,00 10,78 8,39 4,35 -103,38 0,19 0,00 0,00
Cashflow1,7 0,00 0,01 0,39 -0,39 -4,62 132,01 0,00 0,00
Ergebnis je Aktie8 0,00 0,01 0.00 0,00 -0,28 -0,15 0,09 0,35
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2018 - 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: Warth & Klein Grant Thornton

Consus Real Estate
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A2DA41 4,895 Halten 656,13
KGV 2021e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
9,79 16,79 0,583 19,58
0,68 4,97 1,07 15,900
Dividende '19 in € Dividende '20e in € Div.-Rendite '19e
in %
0,00 0,00 0,00 24.06.2020
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
29.05.2020 27.08.2020 12.12.2019 23.04.2020
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-22,89% -25,89% -33,13% -23,28%
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Immobilien (Gewerbe) , A2DA41 , CC1 , XETR:CC1