publity (PBY)

Business description

publity is an asset manager with a focus on German office buildings. It has a 17-year track record as an investor in commercial real estate in larger German cities and currently manages a portfolio worth €3bn.

Stock data

Market cap.€222.2m
Last close€36.72
High / Low (52 weeks)€41.6 / €31.1
Stock market listingDB
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamFinancials
SectorFinancials

Price performance

%1m3m12m
Actual(2.7)(6)18.0
Relative *(3)(11.7)(3.6)

* % Relative to local index

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Company news

36.80

Thu, 14 Jan 2010 07:41:21 GMT

BRIEF-Publity acquires 'Marktkarree' shopping center in Langenfeld

Tue, 21 Mar 2017 08:14:39 GMT

Publity AG (PBY) Moves Up 2.46% on Nov 16

Thu, 16 Nov 2017 09:56:15 GMT

Publity gets off in Bad Homburg and buys in Neu-Isenburg

Fri, 10 Nov 2017 14:15:00 GMT

Tenancy negotiations did not lead to a binding agreement

Fri, 26 Aug 2016 11:37:30 GMT

Latest research

AKTUELLE VERÖFFENTLICHUNGEN

publity

Ein erfahrener Investor im deutschen Immobilienmarkt

03/07/2017

Investment summary

publity’s H117 earnings momentum reflects both the ability to leverage its asset management expertise (AUM increased to €3.8bn from €3.2bn at end-2016) and its good cost discipline (OPEX down 11.2% y-o-y). New institutional mandates received ytd, coupled with a solid project acquisition pipeline should assist the company in achieving the AUM targets set for FY17e and FY18e at €5.2bn and €7.0bn, respectively. The stock currently trades at a FY17e P/E ratio of 6.1x, implying a 62% discount to the peer group. The stock offers an attractive dividend yield of 8% based on current year’s DPS consensus estimates.

Last updated on 01/09/2017

Key management

Stephan Kunath, Asst. CEO

Company address

Landsteinerstraße 6
Leipzig
D 04103
Germany
0341.26 17 87 – 0
View website