€523.7m market cap
€35.2 last close
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.
Investment summary
In FY19, publity focused on expanding beyond its pure-play asset management profile through direct office real estate investment activities. This was driven by property acquisitions executed by publity investor, as well as obtaining a controlling stake in PREOS. As a result, the company moved to a more asset-heavy business model fuelled by debt financing. The company expects to continue the expansion, and considers the economic slowdown related to the coronavirus outbreak as an opportunity for acquisitions, with additional liquidity secured by the corporate bond issue planned for June 2020.
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| Stephan Kunath | Asst. CEO |
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