publity

DB: PBY

Market Cap€411.3m

Last Close €27.65

publity is an asset manager with a focus on German office buildings. It has an 18-year track record as an investor in commercial real estate in larger German cities and manages a portfolio worth €5.0bn.

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Investment summary

On 19 October 2021, publity announced a European consortium led by a Luxemburg investment company has signed a Letter of Intent to become the new majority shareholder of PREOS (publity’s property investment subsidiary) in exchange for contributing a Luxemburg property portfolio to GORE (PREOS’s subsidiary) and measures to finance PREOS’s portfolio expansion. publity will continue to serve as an asset manager for PREOS, with management targeting PREOS portfolio growing by at least €3bn by 2023 (compared to the last reported portfolio size of €0.9bn at end-2020).

Content on publity
publity – Changes to group structure on the horizon
Real Estate | Update | 12 November 2021
publity – Lower transaction activity in FY20
Real Estate | Update | 2 July 2021
publity – Strengthening the second business pillar
Real Estate | Update | 12 October 2020
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Share price graph
Price performance
%
1m
3m
12m
Actual 21.5 39.2 (18.0)
Relative* 20.3 38.1 (26.9)
52-week high/low €35.0/€15.8
*% relative to local index
Key management
Stephan Kunath Asst. CEO