01.04.2021 GIEAG Immobilien AG  DE0005492276

DGAP-News: GIEAG Immobilien AG: GIEAG Immobilien AG reports sale of a residential property in Stuttgart - Sale of an existing property with 95 apartments


 

DGAP-News: GIEAG Immobilien AG / Key word(s): Real Estate/Disposal
GIEAG Immobilien AG: GIEAG Immobilien AG reports sale of a residential property in Stuttgart - Sale of an existing property with 95 apartments

01.04.2021 / 09:44
The issuer is solely responsible for the content of this announcement.


GIEAG Immobilien AG reports sale of a residential property in Stuttgart

- Sale of an existing property with 95 apartments

Stuttgart/Munich 01.04.2021 - The Munich-based, family-managed real estate corporation GIEAG Immobilien AG (GIEAG) has announced the sale of a residential property with 95 apartments in Mönchstrasse in the heart of Stuttgart.

The property is situated on a plot of land covering approx. 1,800 square metres, neighbouring directly on the new EUROPAVIERTEL district in Stuttgart, and was erected in 1995. After the purchase of the property, GIEAG conducted refurbishment measures in the interior, with some 30 units converted so they were fully equipped and furnished, and leased these to a global tenant. Following the strategic repositioning, the property has now been sold.

The sale to an institutional investor was implemented as an asset deal. The seller was accompanied in the transaction by E&G Real Estate GmbH, Stuttgart. Legal advice was provided by the law firm Werner, Luger & Partner, Munich; with tax advice furnished by Deloitte GmbH Wirtschaftsprüfungsgesellschaft, Munich. The buyer was advised by Norton Rose Fulbright LLP and CBRE GmbH.

Philipp Pferschy, a board member at GIEAG Immobilien AG: "The outstanding location in the immediate vicinity of the new EUROPAVIERTEL in Stuttgart and within just 10 minutes' walking distance of Stuttgart central station, were - alongside the potential offered by the property - the main reasons for the acquisition in 2017. As a result of the implemented measures, it was possible to lower the number of vacancies and increase the rental yield."

About GIEAG Immobilien AG:
GIEAG is a family-run, Munich-based public limited real estate company. Shares in GIEAG Immobilien AG are traded on the Munich Stock Exchange. Combining three asset classes -- office, residential, and logistics - and two service areas - development and portfolio management - the company brings to market a range of uniquely stable investment opportunities. GIEAG's team of experts stands as a guarantor for innovative and forward-looking real estate investment concepts.

Over the past 20 years, GIEAG Immobilien AG has developed and optimised a substantial number of properties with floor areas of up to 145,000 square metres in projects involving individual investment of between EUR 15 million and EUR 150 million. Partnership, transaction security, consistency and agility are the guiding principles by which GIEAG Immobilien AG achieves its long-term goals of increasing shareholder value.



01.04.2021 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: GIEAG Immobilien AG
Oettingenstrasse 35
80538 München
Germany
Phone: +49 89 290516-0
Fax: +49 89 290516-11
E-mail: [email protected]
Internet: www.gieag.de
ISIN: DE0005492276
WKN: 549227
Listed: Regulated Unofficial Market in Munich (m:access)
EQS News ID: 1180432

 
End of News DGAP News Service

1180432  01.04.2021 

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Die wichtigsten Finanzdaten auf einen Blick
  2015 2016 2017 2018 2019 2020 2021e
Umsatzerlöse1 65,38 12,85 22,79 11,45 9,62 81,99 83,00
EBITDA1,2 16,21 1,74 8,11 36,44 2,93 31,58 32,40
EBITDA-Marge3 24,79 13,54 35,59 318,25 30,46 38,52 39,04
EBIT1,4 15,40 -0,16 4,44 33,13 0,24 28,75 29,40
EBIT-Marge5 23,55 -1,25 19,48 289,34 2,50 35,07 35,42
Jahresüberschuss1 10,63 -2,37 -1,36 27,04 -6,26 15,93 16,50
Netto-Marge6 16,26 -18,44 -5,97 236,16 -65,07 19,43 19,88
Cashflow1,7 5,54 -10,19 -24,94 -42,95 -0,10 23,58 0,00
Ergebnis je Aktie8 2,56 -0,56 -0,33 6,49 -1,50 3,82 5,80
Dividende8 0,24 0,24 0,36 0,80 0,80 1,00 1,20
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2020 - 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: LKC Treubeg

INVESTOR-INFORMATIONEN
©boersengefluester.de
GIEAG Immobilien
WKN Kurs in € Einschätzung Börsenwert in Mio. €
549227 20,000 84,00
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
10,00 6,82 1,47 12,07
KBV KCV KUV EV/EBITDA
1,71 3,56 1,02 13,56
Dividende '19 in € Dividende '20e in € Div.-Rendite '20e
in %
Hauptversammlung
0,80 1,00 5,00 23.06.2021
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
29.10.2021 23.06.2021
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
6,81% 10,58% -1,96% 11,11%
    
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Immobilien (Gewerbe) , 549227 , 2GI