RCM Beteiligungs (RCM)

Business description

RCM Beteiligungs is primarily a residential property developer focusing on the refurbishment of assets in the area of Dresden, Saxony. Additionally it invests in financial assets. RCM acquires low to medium value residential multi-family homes and modernises them. The objective is to achieve rent increases and an appreciation of the asset value. RCM realises value by selling the asset and re-investing in new real estate assets and opportunistic financial participations. While the real estate business accounted for 89% of revenues and represented 70% of the balance sheet total of €55m in 2016, the financial holdings and participation business represented 11% of revenues and tripled in value to €5.5m.

Stock data

Market cap.€31.4m
Last close€2.14
High / Low (52 weeks)€2.3 / €2.0
Stock market listingDB
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A

Price performance

Relative *(2.1)(5.4)(11.4)

* % Relative to local index

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Company news

RCM Beteiligungs 9-month EBT up 30 pct to approx. 1.6 million euros

Fri, 10 Nov 2017 12:36:15 GMT

Rcm Beteiligungs sells group-wide real estate package

Fri, 20 Oct 2017 15:27:12 GMT

RCM Beteiligungs H1 EBT up 11 pct at 0.7 million euros

Fri, 11 Aug 2017 13:10:17 GMT

RCM Beteiligungs resumes share buyback program

Tue, 27 Jun 2017 11:43:51 GMT

RCM Beteiligungs FY EBT up 37 percent at 1.83 million euros

Wed, 08 Mar 2017 16:35:33 GMT

Latest research

Rising expectations

QuickView | Financials | 22/11/2017

Delivering in spades

Update | Financials | 21/08/2017

Real estate assets in Dresden

Initiation | Financials | 23/06/2017


RCM Beteiligungs

Üppige Zahlen

RCM Beteiligungs

Immobilienanlagen in Dresden


Investment summary

Q3 results show RCM Beteiligungs to be in fine form. A rise of over 50% in pre-tax profit accompanied confident guidance both for this year (proposed 50% hike in the dividend) and 2018 (targeted pre-tax profit to exceed €3m). A recent €11m bumper development sale epitomises a successful focus on certain well-defined projects, which is clearly paying off in terms of efficiencies as well as asset development and appreciation. We are further encouraged by the resumption of the share buyback programme and continued enhancements to the group structure, which should aid transparency.

Last updated on 22/11/2017

Key management

Company address

Fronaeckerstrasse 34
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