€303.8m market cap
€30.9 last close
publity is an asset manager with a focus on German office buildings. It has a 17-year track record as an investor in commercial real estate in larger German cities and currently manages a portfolio worth €3bn.
Investment summary
In FY18, publity managed to post a rebound from the weak FY17, with an almost 50% y-o-y increase in revenues, PBT and net income (close to record-high FY16 figures). The company has also been moving closer to resolving its dispute with convertible bondholders, with a new share issue and partial bond repurchase that will continue in FY19. As the covenant limiting the increase in financial liabilities beyond €5m was recently waived, publity continues to review options for a potential new bond issue, which would support further business development, including further property purchases by publity Investor GmbH.
Sector |
|---|
| Financials & real estate |
Share price graph
Price performance
% |
1m |
3m |
12m |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|||||||||||||||
| *% relative to local index | |||||||||||||||
Key management |
|
|---|---|
| Stephan Kunath | Asst. CEO |
Content on publity
You may also be interested in…
- Attica Bank
- Banca Sistema
- Consus Real Estate
- Corestate Capital Holding
- DeA Capital
- DEMIRE
- Deutsche Grundstücksauktionen
- Ernst Russ
- FCR Immobilien
- FinLab
- German Startups Group
- JDC Group
- Lloyd Fonds
- mic
- MPC Capital
- MyBucks
- Noratis
- Nurnberger Beteiligungs
- Oekoworld
- RCM Beteiligungs
- Scherzer & Co
- UmweltBank