Q1 2021 ACCENTRO Company Presentation July

Company Presentation July 2021

2021-05-11 ACCENTRO Annual Report 2020

Annual Report 2020

WKR 2021 E FINAL

Housing Cost Report

Berlin, 9 June 2021 – In 2020, owning a home in Germany was on average 56% more cost effective than renting it. 

Accentro Housing Cost Report 2021: Homeownership is on Average 56% More Cost Effective than Renting

•    Supervisory Board regrets the decision and thanks Kneip for his excellent work
•    CEO Lars Schriewer takes over finance department on an interim basis

ACCENTRO CFO Hans-Peter Kneip Is Leaving the Company for Personal Reasons

•    Strong growth in revenues and earnings during first quarter
•    Sales volume in individual privatisation segment doubles to EUR 54.1 million
•    Private investors accounted for about 90% of the flats sold in Q1

ACCENTRO Starts Year with 85% Revenue Growth

Berlin, 17 May 2021 – ACCENTRO Real Estate AG, a residential real estate investor and Germany’s leading housing privatisation company, just concluded a successful first quarter for its housing privatisation business.

ACCENTRO Increases Condominium Sales by 98%

ACCENTRO Real Estate AG decided today to sign a termination agreement concerning the sale-and-purchase agreement for the acquisition of DIM Holding AG (“Deutsche Immobilien Management”). Agreed performance obligations had not been met.

ACCENTRO Steps Back from Acquisition of DIM Holding AG

ACCENTRO Real Estate AG, residential investor and Germany's leading residential property privatisation company, once again exceeded in 2020 the already strong figures of the previous year in terms of EBIT before one-off effects and sales volume. 

ACCENTRO Increases Earnings before One-Off Effects to Record Level, and Continues its Dynamic Growth

ACCENTRO Real Estate AG (ISIN DE000A0KFKB3), an investor in residential real estate and Germany’s leading housing privatisation company, successfully completed the placement of another corporate bond.

ACCENTRO Successfully Places Corporate Bond over EUR 100 Million

The Management Board of ACCENTRO Real Estate AG just announced changes to its financial calendar. The publication of its 2020 Annual Report and of the Interim Statement for the first quarter of 2021 as well as the date...

Financial Calendar Update for First Half-Year 2021

Berlin, 12 January 2021 – Warburg Research has increased its target price for shares of ACCENTRO Real Estate AG (ISIN DE000A0KFKB3) to EUR 14.75 and confirmed its “Buy” recommendation.

Warburg Increases Target Price for ACCENTRO Shares to EUR 14.75 – “BUY” Recommendation Confirmed

ACCENTRO Real Estate AG is acquiring DIM Holding AG (“Deutsche Immobilien Management”). The purchase agreement was signed today.

ACCENTRO Acquires Property Manager of 18,500 Flats

ACCENTRO Real Estate AG, an investor in residential real estate and Germany’s leading housing privatisation company, just sold a real estate portfolio in Bayreuth and the city’s greater area to an institutional investor.

ACCENTRO Sells 189 Units in Bayreuth

ACCENTRO Real Estate AG, a residential real estate investor and Germany’s leading housing privatisation company, sold a real estate portfolio in Leipzig to an institutional investor.

ACCENTRO Sells Property Portfolio in Leipzig

ACCENTRO Real Estate AG, a residential real estate investor and Germany’s leading housing privatisation company, is significantly expanding its real estate portfolio in the important German Rhine-Ruhr metropolitan region.

ACCENTRO Doubles Its Inventory in North Rhine-Westphalia Once More

ACCENTRO Real Estate AG, Germany’s leading housing privatisation company, sold a real estate portfolio in Berlin to an institutional investor. The portfolio comprises 35 units with a lettable area of 2,148 square metres.

ACCENTRO Real Estate AG Sells Real Estate Portfolio in Berlin

ACCENTRO Real Estate AG, Germany’s leading housing privatisation company, continues its dynamic expansion. The company acquired 2,800 units. The portfolio comprises 2,789 residential and 11 commercial units. 

ACCENTRO Real Estate AG Acquires 2,800 Property Units

ACCENTRO Real Estate AG, Germany’s leading housing privatisation company, published its balance sheet for the first nine months of the 2020 financial year today.

ACCENTRO Real Estate AG: Sales Volume Matches Prior-Year Level

With 18,515 flats sold in 2019, Berlin remains the star performer on the German housing market. Munich (10,373) and Hamburg (6,341) in ranks two and three, respectively, clearly lag far behind.

13th ACCENTRO Homeownership Report 2020 - Berlin Still City with Highest Number of Condominium Sales

Condominium sales in the Rhine-Main region rebounded in 2019 after a brief lull in 2018. 

13th ACCENTRO Homeownership Report - Condominium Sales and Revenues on the Rise in Rhine-Main Region

In 2019, a total of 20,131 condominiums were sold in Bavaria’s cities, which is a year-on-year increase by 753 units.

13th ACCENTRO Homeownership Report - Over 500,000 Euros – the Average Selling Price for a Condominium in Munich

Compared to the year before, sales figures in Germany’s eastern state rose by 1,188 to a total of 15,770 condominiums sold in 2019.

13th ACCENTRO Homeownership Report - Rise in New-Build Condominium Sales in Leipzig and Magdeburg

In the 82 cities covered, a total of 129,473 condominiums changed hands in 2019. This implies a year-on-year increase by 5,043 flats or roughly four percent.

13th ACCENTRO Homeownership Report 2020 - Year-on-Year Surge in German Condominiums Sales

ACCENTRO Real Estate AG, Germany’s leading housing privatisation company, is enlarging its management board. Effective as of 16 November 2020, the supervisory board appointed Hans-Peter Kneip as CFO of ACCENTRO Real Estate AG.

ACCENTRO Real Estate AG: Hans-Peter Kneip Appointed to Management Board as CFO

ACCENTRO Real Estate AG, the leading German housing privatisation company, continues to enlarge its real estate portfolio in Rhine-Ruhr, Germany’s important metro region. 

ACCENTRO Real Estate AG Doubles its Property Stock in NRW

ACCENTRO Real Estate AG, Germany’s leading housing privatisation company, just sold a real estate portfolio in Rostock to a family office. The portfolio, which ACCENTRO had acquired as recently as late 2018...

ACCENTRO Real Estate AG Sells Real Estate Portfolio

ACCENTRO Real Estate AG, Germany’s leading housing privatisation company, published its six-month results for the 2020 financial year today. Despite the coronavirus pandemic, the company realised a sales volume of EUR 45.6 million in its core segment,...

ACCENTRO Real Estate AG: Stable Sales Volume and Growth in Revenues during First Half of 2020

ACCENTRO Real Estate AG, Germany’s leading housing privatisation company, published its six-month results for the 2020 financial year today.

ACCENTRO Real Estate AG successfully held its Annual General Meeting yesterday. Due to restrictions related to the Covid-19 pandemic, this year’s Annual General Meeting was held in a virtual format.

ACCENTRO Real Estate AG successfully holds Annual General Meeting

 ACCENTRO Real Estate AG, the German market leader in residential property privatisation, has appointed Jörg Neuß as its new General Counsel.

ACCENTRO appoints Jörg Neuß as General Counsel

Thomas Eisenlohr (52) has been appointed new Head of Investor Relations at ACCENTRO Real Estate AG effective 1 July 2020. Eisenlohr has extensive investor relations experience with leading companies in the real estate industry. 

Thomas Eisenlohr appointed new Head of Investor Relations

ACCENTRO Real Estate AG (WKN: A0KFKB, ISIN: DE000A0KFKB3) is on track for a successful 2020 financial year after completing the first quarter with a sound performance. The Berlin-based property company achieved excellent acquisition and sales results. 

ACCENTRO Lays Ground for Successful 2020 Financial Year

Buying residential property in Germany remains much more affordable than renting, and this is true nationwide.

ACCENTRO Housing Cost Report 2020

ACCENTRO Is Going To Propose Suspension of the Dividend for the Business Year 2019

ACCENTRO Real Estate AG Breaks New Grounds with Technology Partner Samsung Germany for the Development of New Digital Solutions for the Real Estate Industry

ACCENTRO Real Estate AG Postpones General Meeting Because of COVID-19-Pandemic

ACCENTRO Real Estate AG can look back on a very successful 2019 financial year. The company posted a net result of 26.3 million euros (2018: 18.3 million euros), one of its best to date.

Successful 2019 financial year for ACCENTRO

ACCENTRO Real Estate AG  has acquired 190 residential units in Potsdam and in the Leipzig region. The purchase price amounts to a total of 9.1 million euros.

ACCENTRO acquires 190 residential units in Potsdam and near Leipzig

Berlin, 18 March 2020 – Jacopo Mingazzini will be leaving the company at his own request in order to take on new challenges. He served as the company’s sole member of the management board since 2012. 

Board Changes at ACCENTRO

ACCENTRO Real Estate AG has acquired a total of 115 units in central Berlin. The residential portfolio has been acquired for EUR 23.9 million. 

ACCENTRO acquires 115 units in central Berlin

ACCENTRO Real Estate AG sold a housing estate located in the town of Blankenfelde-Mahlow just beyond Berlin’s city limits in Brandenburg to an institutional investor.

ACCENTRO Sells Housing Estate on Berlin’s Periphery for 43.5 Million Euros

Berlin, 6 November 2019 – The Berlin-based property company ACCENTRO Real Estate AG (WKN: A0KFKB, ISIN: DE000A0KFKB3) just presented a solid nine-month account for its 2019 financial year and reaffirmed its EBIT forecast.

ACCENTRO’s Total Assets Exceed Half a Billion Euros

The number of condominiums sold in Munich has decreased slightly and remains in the 4-digit range with 9,846 units sold (2017: 9,950). This implies a dip by roughly 1.05 percent.

12th ACCENTRO Homeownership Report – Continued Growth in Condominium Prices in Major Bavarian Cities

The revenues total achieved in the Rhine-Main region, which includes the cities of Frankfurt am Main, Wiesbaden, Mainz, Darmstadt and Offenbach, added up to 2.44 billion euros in 2018.

12th ACCENTRO Homeownership Report – Sales Slowing while Turnover Remains Stable at 2.44 Billion Euros in Rhine-Main Metro Region

While the number of condominium sales in the major German cities declined overall in 2018, average selling prices increased noticeably, as the ACCENTRO Homeownership Report 2019 shows. 

12th ACCENTRO Homeownership Report - East German Housing Markets Keep Catching up

With 18,885 residential units sold in 2018, Berlin remains the star performer on the German housing market. Runner-up, while trailing far behind, is Munich with 9,846 units sold. 

12th ACCENTRO Homeownership Report 2019 - Berlin Is Still Germany’s Most Important Housing Market

ACCENTRO Continues Expansion Strategy with Acquisitions in Upper Bavaria

In 2018, a total of 124,467 condominiums were sold in the 82 German cities covered by the report. This implies a decline by 2.51 percent year on year and continues the downward trend of the previous year, ...

12th ACCENTRO Homeownership Report 2019 - Condominiums in Germany: Number of New-Build Condominium Sales Declining, Prices Rising

The Berlin-based property company ACCENTRO Real Estate AG (WKN: A0KFKB, ISIN: DE000A0KFKB3) laid the ground for a prosperous financial year during the first six months of 2019. 

ACCENTRO keeps growing

The Berlin-based property company ACCENTRO Real Estate AG (WKN: A0KFKB, ISIN: DE000A0KFKB3) is on track for a successful 2019 financial year after completing the first quarter with a robust performance.

ACCENTRO Maintains Expansion Trajectory

Here is the upshot of the ACCENTRO-IW Housing Cost Report 2019: Buying residential property in Germany remains much more affordable than renting, and this is true nationwide. 

ACCENTRO-IW Housing Cost Report 2019

Berlin, 20 March 2019 - ACCENTRO Real Estate AG, (WKN: A0KFKB, ISIN: DE000A0KFKB3), Berlin, achieved a strong year-on-year increase in sales to EUR 205.6 million in 2018 (previous year EUR 147.3 million), up by 39.6 percent or EUR 58.3 million.

ACCENTRO achieves record sales in fiscal year 2018 and grows strongly

ACCENTRO Expanded Their Investment in PropTech1 Ventures after Successful Cooperation

Kepler Cheuvreux has started the coverage of ACCENTRO Real Estate AG. According to the initial assessment, the analysts at Kepler Cheuvreux rate the shares with "buy". 

Kepler Cheuvreux  opens coverage with recommendation 'Buy'

Announcement in Accordance with Art. 5 Para. 1 lit. a of the Regulation (EU) 596/2014 and Art. 2 Para. 1 of the Delegated Regulation (EU) 2016/1052

Berlin-based ACCENTRO Real Estate AG (WKN: A0KFKB, ISIN: DE000A0KFKB3) continued on its growth path during the first nine months of the 2018 financial year. Revenue and EBIT were in line with expectations.

ACCENTRO Real Estate AG Continues its Expansion and Confirms Forecast

ACCENTRO Real Estate AG, Germany’s leading company for housing privatisations, continues to pursue its nationwide expansion.

ACCENTRO Expands into the Rhine-Ruhr Region

ACCENTRO Real Estate AG (WKN A0KFKB, ISIN DE000A0KFKB3, “ACCENTRO”, the “company”), Berlin, a leader in residential property privatisation in Germany, ...

ACCENTRO Places EUR 20 Million Cash Capital Increase for Further Growth

The number of condominiums sold in Munich has declined slightly and is down to 9,950 (2016: 11,057), back in the 4-digit range. This implies a decrease by roughly ten percent. 

11th ACCENTRO Homeownership Report 2018 - Condominium Prices Keep Rising in Bavaria’s Major Cities

A total of 7,316 condominiums changed hands in the Rhine-Main region in 2017, specifically in the cities of Frankfurt, Wiesbaden, Mainz, Darmstadt and Offenbach. This implies a decline of 7.65 percent year on year (7,922 units). 

11th ACCENTRO Homeownership Report 2018 - Residential Property Market in Rhine-Main Region Stable with c. 2.46bn Euros in Sales

Leipzig and Dresden reaffirmed their great significance for Germany’s housing market. Both cities, the two largest in the state of Saxony, defended their places among the top ten in the ranking of fastest-selling cities. 

11th ACCENTRO Homeownership Report 2018 - Dynamic Market Action in East Germany

Berlin remains squarely in the lead nationwide with 21,377 residential units sold in 2017 (down from 22,549 units in 2016). The city is trailed at considerable distance by runner-up Munich with 9,950 units sold. 

11th ACCENTRO Homeownership Report 2018 - Berlin Remains Germany’s Most Important Housing Market

In the 82 major cities covered, a total of 125,821 existing and new-build condominiums changed hands in 2017. This implies a decline by 7,490 sales or 5.62 percent year on year.

11th ACCENTRO Homeownership Report - Condominiums in Germany: Number of Sales in Decline while Prices Keep Climbing

ACCENTRO Real Estate AG (WKN: A0KFKB, ISIN: DE000A0KFKB3), Berlin, has seen continued growth in the first half of 2018. Revenue increased significantly by 129.4 % to EUR 97.9 million (previous year: EUR 42.7 million). 

ACCENTRO Real Estate AG achieves significant sales and profit increases in the first half of 2018

ACCENTRO Real Estate AG (WKN: A0KFKB, ISIN: DE000A0KFKB3) in Berlin, a leader in residential property privatisation in Germany, has added majority interests in two real estate portfolios to its privatisation holdings.

ACCENTRO Real Estate AG acquires majority share in real estate portfolios with 295 residential units in central Berlin neighbourhoods

ACCENTRO Real Estate AG (WKN: A0KFKB, ISIN: DE000A0KFKB3) in Berlin, a leader in residential property privatisation in Germany, has acquired an office building located at Kantstrasse 44/45 in Berlin-Charlottenburg.

ACCENTRO Real Estate AG acquires office building for its new headquarters in Berlin-Charlottenburg

ACCENTRO Real Estate AG, (WKN: A0KFKB, ISIN: DE000A0KFKB3), Berlin, leading in residential privatisation in Germany, invests in a residential portfolio with 567 units through a joint venture.

ACCENTRO Real Estate AG Acquires Stake in Portfolio with 567 Units in Central Locations in Berlin

SRC Research has started the coverage of ACCENTRO Real Estate AG. According to the initial assessment, the bank-independent analysts house for Financials and Real Estate Stocks, rates the shares with "buy". 

ACCENTRO Real Estate AG: SRC Research Opens Coverage with Recommendation 'Buy'

The Annual General Meeting of ACCENTRO Real Estate AG, market leader in residential privatisation (WKN: A0KFKB, ISIN: DE000A0KFKB3), Berlin, has approved payment of a dividend of ...

Annual General Meeting of ACCENTRO Real Estate AG Passes Resolution to Increase the Dividend to EUR 0.17 Per Share

Quirin Privatbank has initiated the coverage of ACCENTRO Real Estate AG. According to the initial assessment, the analysts at Quirin recommend the shares with a "buy" rating.

ACCENTRO Real Estate AG: Quirin Privatbank Initiates Coverage – Recommendation 'Buy'

ACCENTRO Real Estate AG, (WKN: A0KFKB, ISIN: DE000A0KFKB3), Berlin, leading in residential privatisation in Germany, started the 2018 financial year with strong quarterly results. 

ACCENTRO Real Estate AG Starts the 2018 Financial Year with Significant Revenue and Earnings Growth

ACCENTRO Real Estate AG, (WKN: A0KFKB, ISIN: DE000A0KFKB3), Berlin, leading in residential property privatisation in Germany, closes a purchase agreement for the acquisition of a unique residential complex in Berlin. The purchase price is €56 million.

ACCENTRO acquires a unique residential complex in a central location in Berlin and expands privatisation portfolio

Living in property you own remains significantly cheaper than renting. 

ACCENTRO-IW 2018 Cost of living Report: costs for owners third lower than renters

ACCENTRO Real Estate AG, (WKN: A0KFKB, ISIN: DE000A0KFKB3), Berlin, leader in residential property privatisation in Germany, looks back at a successful 2017 reporting year, ...

ACCENTRO Real Estate AG grows significantly in 2017 financial year and outperforms earnings forecast

ACCENTRO Real Estate AG, (WKN: A0KFKB, ISIN: DE000A0KFKB3), Berlin, a leader in residential privatisation in Germany, has entered into a joint venture to acquire a 321-unit residential portfolio in prime Hamburg locations.

ACCENTRO acquires stake in Hamburg portfolio and continues nationwide expansion

Berlin-based ACCENTRO Real Estate AG (WKN A0KFKB, ISIN DE000A0KFKB3), a key player in the privatisation of residential property in Germany, has announced that it will call its convertible bond 2014/2019 

ACCENTRO Calls Convertible Bond 2014/2019 Prior to Maturity

ACCENTRO Real Estate AG (WKN: A0KFKB, ISIN: DE000A0KFKB3), Berlin, the only listed housing privatisation company in Germany, suc-cessfully placed a corporate bond of 100 million euros. 

ACCENTRO Places Eur 100 Million Corporate Bond Issue Within a Few Hours

ACCENTRO Real Estate AG (WKN securities code number: A0KFKB, ISIN: DE000A0KFKB3), Berlin, just sold a 75% interest in its subsidiary ACCENTRO Gehrensee GmbH. 

ACCENTRO Forms another Joint Venture with Experienced Berlin-Based Property Developer

The Berlin-based property company ACCENTRO Real Estate AG (WKN: A0KFKB, ISIN: DE000A0KFKB3) just bought seven multi-family dwellings in excellent locations of Berlin. 

ACCENTRO Acquires 186 Residential Units in Central

ACCENTRO-IW-Housing Cost Report 2016 - Living Nationwide 41 Per Cent Cheaper than Renting

ACCENTRO Real Estate AG (WKN: A0KFKB, ISIN: DE000A0KFKB3) has continued its brisk performance of recent years. The company reaffirmed its annual forecast of approximately 34 million euros in EBIT for the year as a whole. 

Positive Business Development Continues for ACCENTRO

ACCENTRO Real Estate AG (German securities code number WKN: A0KFKB, ISIN DE000A0KFKB3) recently bought and sold nearly 79 million euros worth of residential real estate. 

ACCENTRO Buys and Sells Nearly €79m Worth of Residential Real Estate

“The outstanding success story of Berlin over the past ten years could easily draw the attention away from similarly impressive or even more impressive developments on some of the East German markets.

10th ACCENTRO Homeownership Report: Trends on East German Market over Ten-Year Period

Berlin’s residential real estate market has shown a very brisk performance over the past ten years.

10th ACCENTRO Homeownership Report: Berlin – Germany’s Most Dynamic Residential Property Market since 2006

Germany’s major cities experienced another banner year in condominium sales in 2016: Total revenues climbed from 28.5 billion euros to 30.87 billion euros year on year. However, the number of sales transactions stagnated. 

10th ACCENTRO Homeownership Report: New Revenue Record, but Stagnant Condo Sales

The Berlin-based company ACCENTRO Real Estate AG (WKN: A0KFKB, ISIN: DE000A0KFKB3) met expectations with a mid-year result of EUR 5.8 million from its continuing operation.

ACCENTRO Half-Yearly Accounts: Expectations Met, Annual Forecast Reaffirmed

This is the gist of the 2017 Accentro-IW Housing Cost Report: Buying residential property in Germany remains much more affordable than renting, and this is true nationwide.

ACCENTRO-IW Housing Cost Report 2017 – Buying a Home is 33 Percent more Affordable than Renting

The Berlin-based ACCENTRO Real Estate AG (WKN: A0KFKB, ISIN DE000A0KFKB3) will take over a housing estate of 49 residential units in Cologne’s district of Niehl.

ACCENTRO Enters Cologne Market while Expanding Portfolio in Berlin

The Berlin-based company ACCENTRO Real Estate AG (German securities code number WKN: A0KFKB, ISIN: DE000A0KFKB3) adjusted the conversion price and the conversion ratio for its 2014/2019 convertible bond (ISIN DE000A1YC4S6, WKN: A1YC4S).

Adjustment of Conversion Price and Conversion Ratio for the 2014/2019 Convertible Bond (ISIN DE000A1YC4S6, WKN)

At the annual general meeting of ACCENTRO Real Estate AG, shareholders approved the resolution proposals made by the Management Board and Supervisory Board with clear majorities.

Annual General Meeting of ACCENTRO Real Estate AG Resolves with Clear Majority to Distribute 0.15 Euro Dividend

ACCENTRO Real Estate AG (ISIN: DE000A0KFKB3), Germany’s only listed company for housing privatisations, has kept up the pace of its 2016 banner year.

ACCENTRO AG Continues to Expand Market Position

Berlin-based ACCENTRO Real Estate AG (WKN: A0KFKB, ISIN: DE000A0KFKB3) continues its expansion across Germany. The company just acquired 333 residential units at an attractive price in Leipzig.

ACCENTRO Continues to Expand Nationwide

As a result of the early repayment, the loan-to-value (LTV) ratio improved from 53.2% to 49.1%. On top of that, the average interest of the debt capital dropped by 0.45 percentage points down to 2.65%.

ACCENTRO Enhances its Funding Structure through a 10 Million Euro Bond Buyback

The Berlin-based company ACCENTRO Real Estate AG (German securities code number WKN: A0KFKB, ISIN: DE000A0KFKB3) just reported a consolidated income of 26.5 million euros

ACCENTRO Reports Record Income, Plans First-Ever Dividend

ACCENTRO just kicked off the marketing drive for its “360°” housing development comprising 172 flats. The two apartment buildings at Koppenstrasse 81-86 and Lange Strasse 74-79 add up to a total of 145 existing flats.

Start of Sales for the “360°” Project of 172 Flat in Berlin-Friedrichshain

The Berlin-based company ACCENTRO Real Estate AG (German securities code number WKN: A0KFKB, ISIN: DE000A0KFKB3) raised its income forecast for the past year once again. ACCENTRO anticipated a consolidated income between 25.0 and 27.0 million euros. 

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