€26.9m market cap
€16.8 last close
Deutsche Grundstücksauktionen (DGA) is market leader in the auctioning of properties in Germany. The company was founded in Berlin in 1984.
Deutsche Grundstücksauktionen (DGA) posted robust H119 results (albeit somewhat below the strong H118 levels), despite lower transaction volumes in the broader German real estate market. We believe that buoyant investment demand, fuelled by the persistent low interest rate environment, which limits the selection of attractive investment alternatives, should support future performance. DGA continues with its generous dividend policy and recently paid a dividend of €1.00 per share.