17.07.2020 PREOS Real Estate AG  DE000A2LQ850

DGAP-News: PREOS Real Estate AG: PREOS sells real estate portfolio to GORE for EUR 200 million as expected


 

DGAP-News: PREOS Real Estate AG / Key word(s): Real Estate
PREOS Real Estate AG: PREOS sells real estate portfolio to GORE for EUR 200 million as expected

17.07.2020 / 10:00
The issuer is solely responsible for the content of this announcement.


PREOS sells real estate portfolio to GORE for EUR 200 million as expected

- Portfolio of 12 properties with market values from EUR 4,1 to 19,2 million transferred to GORE

- PREOS receives new GORE shares in return; PREOS stake in GORE at 59.9 percent

- Further focus of PREOS exclusively on premium office properties valuing over EUR 50 million


Leipzig, 17 July 2020 - PREOS Real Estate AG ("PREOS", ISIN DE000A2LQ850) has contributed a real estate portfolio to GORE German Office Real Estate AG ("GORE") as announced (see ad hoc of 5 June 2020). Twelve properties with market values between EUR 4,1 and 19,2 million have now been transferred. This reflects PREOS' focus on premium office properties in prime locations in metropolitan areas such as Frankfurt/Main and Munich, with a market value of over EUR 50 million each.

As part of the transaction, at a valuation of EUR 200 million, 89.9 percent of the shares in the PREOS subsidiary PREOS Immobilien GmbH ("PREOS Immo"), which bundles the portfolio of small-scale PREOS properties, were transferred to GORE. In return, PREOS has obtained new GORE shares at an exchange ratio of 1,000:1. This means that for every one share in PREOS Immo, 1,000 new GORE shares have been transferred to PREOS. As a result of the transaction, PREOS now holds 59.9 percent of GORE.

As a major shareholder of PREOS - and through the transaction also indirect major shareholder of GORE - publity AG will continue to operate as asset manager for PREOS and for GORE. GORE already owns commercial real estate in Germany with a market value of up to EUR 15 million each and is now expanding its focus on office properties in German metropolitan regions in the mid-price segment of up to EUR 40 million.

Frederik Mehlitz, CEO of PREOS Real Estate AG comments: "This is a further step in the implementation of our growth strategy focusing on first-class, large-volume office properties in top German cities. We continue to see very attractive opportunities in our target market, which we will exploit with the support of our major shareholder and asset manager publity.


About PREOS Real Estate AG

PREOS Real Estate AG ("PREOS") is an active real estate investor focused on office properties. PREOS acts as an efficient management holding company. The acquisition focuses on office properties with development potential in German metropolitan regions. Value creation is generated by targeted asset management measures. Developed portfolio properties are sold in the event of adequate sales opportunities. The corporate strategy is to significantly expand the real estate portfolio through acquisitions in the coming years. The PREOS share (ISIN DE000A2LQ850) is listed in the over-the-counter segment m:access of the Munich Stock Exchange (PAG.MU) and on Xetra (PAG.DE). The company headquarters of PREOS is located in Leipzig.

Investor & Public Relations
edicto GmbH
Axel Mühlhaus
Eschersheimer Landstraße 42
60322 Frankfurt am Main
Phone +49(0) 69/905505- 52
Mail: [email protected]



17.07.2020 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: PREOS Real Estate AG
Landsteinerstraße 6
04103 Leipzig
Germany
Phone: 0341 261787790
E-mail: [email protected]
Internet: www.preos.de
ISIN: DE000A2LQ850
WKN: A2LQ85
Listed: Regulated Unofficial Market in Frankfurt, Munich
EQS News ID: 1096029

 
End of News DGAP News Service

1096029  17.07.2020 

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Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 0,18 0,70 14,39 90,27 139,55 0,00 0,00
EBITDA1,2 2,02 2,90 18,41 97,43 11,27 0,00 0,00
EBITDA-Marge3 1.122,22 414,29 127,94 107,93 8,08 0,00
EBIT1,4 2,02 10,92 106,40 93,88 -11,93 0,00 0,00
EBIT-Marge5 1.122,22 1.560,00 739,40 104,00 -8,55 0,00 0,00
Jahresüberschuss1 1,84 8,25 66,31 83,88 -24,48 0,00 0,00
Netto-Marge6 1.022,22 1.178,57 460,81 92,92 -17,54 0,00 0,00
Cashflow1,7 -1,19 22,48 -9,20 86,68 11,27 0,00 0,00
Ergebnis je Aktie8 0,05 0,09 1,37 0,77 -0,22 -1,87 -0,15
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2022 - 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: Grant Thornton

INVESTOR-INFORMATIONEN
©boersengefluester.de
PREOS Global Office
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A2LQ85 0,056 - 6,35
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
0,00 6,90 0,00 -1,30
KBV KCV KUV EV/EBITDA
0,64 0,56 0,05 23,81
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,00 0,00 0,00 22.09.2023
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
22.09.2022 30.08.2023
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-55,56% -89,31% -73,46% -97,83%
    
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