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Consus Real Estate (CC1)

Business description

Consus Real Estate, based in Berlin, is the leading, listed residential real estate developer in Germany. The company's development portfolio consists of 49 projects across nine cities with a gross development value of €5.3bn. It also owns a small commercial assets portfolio.

Stock data

Market cap.€833.7m
Last close€7.78
High / Low (52 weeks)€8.9 / €7.0
Stock market listingDB
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamFinancials
SectorFinancials

Price performance

%1m3m12m
Actual4.3(7.2)(0.9)
Relative *6.7(0.5)13.3

* % Relative to local index

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Investment summary

In H118 Consus completed its transformation into a pure-play, residential real estate developer focused on the forward sale operating model. It keeps a stable share of forward sold investments within its portfolio at c 26%, despite expanding its gross development value (GDV) by 37.4% ytd to €6.2bn. The company has implemented IFRS 15 into its accounting policies to better reflect recognition of income from property development. Ability to deliver results in line with the expected significant bottom line improvement is crucial for the company’s future market valuation, which has been volatile in recent months.

Last updated on 24/10/2018

Key management

Andreas Steyer, CEO
Benjamin Lee, CFO

Company address

Kurfürstendamm 188-189
Berlin
10707
Germany
+49 (0) 30 965 357 90 260
View website