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.€229.1m
Last close€37.88
High / Low (52 weeks)€41.6 / €29.8
Stock market listingDB
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamFinancials
SectorFinancials

Price performance

%1m3m12m
Actual(3.4)4.624.2
Relative *(7.5)6.12.9

* % Relative to local index

Other companies in sector Show

3i Group Abbey Protection
Aberdeen Asset Management Admiral Group
AFH Financial Group Ai Claims Solutions
Alpha Strategic Amlin
APQ Global Arbuthnot Banking Group
Arden Partners Ashmore Group
Atlantis Japan Growth Fund Aviva
Banca IFIS Banca Sistema
BB Healthcare Trust Beazley
Brewin Dolphin Brightside Group
Catlin Group Cenkos Securities
ChimpChange Circle Holdings
City of London Group Collins Stewart
Corestate Capital Holding Covercy
Curtis Banks DeA Capital
Deutsche Börse Deutsche Grundstücksauktionen
DF Deutsche Forfait Empiric Student Property
Ernst Russ Experian
Fairpoint Group FBD Holdings
Ferratum Oyj Finlab
Gable Holdings Gartmore Group
German Startups Group GLI Finance
Grand City Properties Hardy Underwriting
Hargreaves Lansdown Heartland New Zealand
Helphire Henderson Group
Hiscox HSBC Holdings
ICAP IFG Group
IG Group Impax Asset Management
International Personal Finance Is Yatirim Menkul Degerler
JDC Group John Laing Group
Jupiter Fund Management Lancashire Holdings
Liontrust Asset Management Lloyd Fonds
London Stock Exchange Group MAN Group
Market Tech Holdings Mattioli Woods
MCB Finance Group mic
Moneysupermarket.com MPC Capital
MyBucks Nürnberger Beteiligungs
NEOVIA Financial Noratis
Novae Group Numis Corporation
Oakley Capital Investments Limited Ocean Capital
Oekoworld Omega Insurance Holdings
OTC Markets Group Panmure Gordon
Park Group Picton Property Income
Powerhouse Ventures Prudential
Quayle Munro Holdings Randall & Quilter Investment Holdings
RCM Beteiligungs Record
Rensburg Sheppards RSM Tenon
S&U Sanlam Securities UK
Scherzer & Co Schroders
Secure Trust Bank Share
Shore Capital Group St. James's Place
Syndicate Asset Management Tawa
The Dolphin Square Charitable Foundation Tungsten Corporation
Warsaw Stock Exchange WH Ireland
WorldSpreads Group

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