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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.

Largest development platform in Germany

Update | Financials | 20/11/2018

Consus has solidified its position as the largest residential property developer in Germany with the acquisition of SSN Group (SSN) financed through a combination of cash and equity. The transaction will increase the company’s portfolio to €9.6bn gross development value (GDV), 82% of which is expected to be forward sold. We believe that this transaction constitutes an important step in building a strong, well-diversified portfolio and should lead to favourable synergies given the high business profile overlap between Consus and SSN.

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Stock data

Market cap.€1026.8m
Last close€7.660
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
Actual(3.3)(13.2)(1.2)
Relative *3.8(3.7)19.4

* % Relative to local index