Noratis (NUVA)

Business description

Noratis is a specialised asset developer, acquiring residential rental income producing assets in secondary locations with optimisation potential. Investing in the asset base and improving the tenant mix creates value, which Noratis exploits during well-structured asset sales, either through individual or block sales.

Stock data

Market cap.€82.9m
Last close€28.40
High / Low (52 weeks)€28.4 / €15.9
Stock market listingDB
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamFinancials
SectorFinancials

Price performance

%1m3m12m
Actual7.624.6N/A
Relative *1.734.3N/A

* % Relative to local index

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Company news

BRIEF-Noratis AG sells property portfolio in Dormagen

Thu, 14 Sep 2017 13:23:15 GMT

Is It Time To Sell Noratis AG (FRA:NUVA) Based Off Its PE Ratio?

Mon, 09 Apr 2018 17:03:45 GMT

BRIEF-Noratis FY EBIT Rose At EUR 15.2 Mln

Wed, 21 Mar 2018 14:15:00 GMT

BRIEF-Noratis ‍buys housing stock in Frankfurt-Fechenheim

Thu, 16 Nov 2017 07:52:30 GMT

Calculating The Intrinsic Value Of Waste Management Inc (NYSE:WM)

Tue, 20 Mar 2018 14:48:45 GMT

Latest research

The real estate optimisers

Initiation | Financials | 30/06/2017

AKTUELLE VERÖFFENTLICHUNGEN

Noratis

Die Immobilien-Optimierer

30/06/2017

Investment summary

Noratis is a hybrid between a property company that owns residential assets and a residential asset developer. Noratis has been operating in Germany’s non-core cities since 2011, and exploits the opportunities in this market segment while mitigating typical developer’s risks through targeting a constant cash inflow from rental income. Noratis acquires existing residential blocks, aims to modernise them with minimal disruption to the rental income stream and, within 12 to 36 months, aims to sell the building as a whole or unit-by-unit. Noratis has raised gross funds of €17.25m, which should enable it to boost its asset base, generate economies of scale and therefore mitigate risks for investors further, widening the gap between recurring rental yields and operating costs.

Last updated on 30/06/2017

Key management

Igor Christian Bugarski , CEO
André Speth, CFO

Company address

Hauptstraße 129
Eschborn
65760
Germany
View website