GAV

Neinor is set to pay a +40% dividend yield over 2024-25 - the highest of IBEX35 and STOXX600

Retrieved on: 
Wednesday, February 21, 2024
DPS, GFC, Growth, ESG, LTV, Risk, Orion, GAV, CIO, AXA, FIN Atlantic Film Festival, Real estate

In 2023, Neinor was recognized by Sustainalytics® as the world's listed developer with the lowest ESG risk for three years in a row.

Key Points: 
  • In 2023, Neinor was recognized by Sustainalytics® as the world's listed developer with the lowest ESG risk for three years in a row.
  • According to its Strategic Plan (2023-27), over the coming 24-months, the developer expects to distribute €325mn to its shareholders (DPS: €4.34/sh) equivalent to a +40% yield, the highest on IBEX35 and Stoxx600.
  • According to Mario Lapiedra, Neinor Homes, CIO, "lessons from the GFC have been learned by households, banks and developers.
  • Furthermore, nowadays, the Spanish development market offers one of the best risk adjusted returns in the European Residential sector."

Neinor is set to pay a +40% dividend yield over 2024-25 - the highest of IBEX35 and STOXX600

Retrieved on: 
Wednesday, February 21, 2024
DPS, GFC, Growth, ESG, LTV, Risk, Orion, GAV, CIO, AXA, FIN Atlantic Film Festival, Real estate

In 2023, Neinor was recognized by Sustainalytics® as the world's listed developer with the lowest ESG risk for three years in a row.

Key Points: 
  • In 2023, Neinor was recognized by Sustainalytics® as the world's listed developer with the lowest ESG risk for three years in a row.
  • Neinor published FY23 results delivering 2,559 homes and despite a backdrop of high interest rates and elevated inflation, recorded its highest margins ever with 29% and 23% gross margin and EBITDA, respectively.
  • According to its Strategic Plan (2023-27), over the coming 24-months, the developer expects to distribute €325mn to its shareholders (DPS: €4.34/sh) equivalent to a +40% yield, the highest on IBEX35 and Stoxx600.
  • According to Mario Lapiedra, Neinor Homes, CIO, "lessons from the GFC have been learned by households, banks and developers.

Walker & Dunlop Funds $380M for Student Housing Credit Facility

Retrieved on: 
Wednesday, February 7, 2024
Professional Services, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Public Relations, Investor Relations, Other Professional Services, Urban Planning, Communications, Building Systems, REIT, Finance, Consulting, Partnership, Multimedia, University, GAV, CPPIB, Scion, Gross asset value, Housing, Capital, SSC, Walker & Dunlop, Investment, Fannie Mae, DUS, Bed, CPP Investment Board, Bank

The Scion Group is the largest owner/operator of off-campus student housing communities globally, with over 80,000 beds in its portfolio.

Key Points: 
  • The Scion Group is the largest owner/operator of off-campus student housing communities globally, with over 80,000 beds in its portfolio.
  • This latest financing marks a significant milestone as Walker & Dunlop has now originated over $3 billion in debt for Scion.
  • The new facility allowed the borrower to eliminate all floating rate exposure in their original credit facility while refinancing several maturing one-off loans.
  • Walker & Dunlop is a leader in student housing financing and sales.

Aker ASA: Third Quarter Results 2023 - Net Asset Value of NOK 64.1 billion

Retrieved on: 
Friday, November 3, 2023
Aker Solutions, Oslo Stock Exchange, GAV, Aker ASA, China Agri-Industries Holdings, OneSubsea, NAV, AMSC, USD, Net asset value, UK Financial Investments, NOK, Renewable energy, Bank, Video game, Aker, Solstad Farstad

OSLO, Norway, Nov. 3, 2023 /PRNewswire/ -- The Net Asset Value ("NAV") of Aker ASA and holding companies ("Aker") was NOK 64.1 billion at the end of the third quarter 2023, up NOK 6.9 billion (or 12.1 percent) from NOK 57.2 billion at the end of the second quarter.

Key Points: 
  • OSLO, Norway, Nov. 3, 2023 /PRNewswire/ -- The Net Asset Value ("NAV") of Aker ASA and holding companies ("Aker") was NOK 64.1 billion at the end of the third quarter 2023, up NOK 6.9 billion (or 12.1 percent) from NOK 57.2 billion at the end of the second quarter.
  • "Looking back on an extraordinary third quarter through Aker lenses, we experienced strong operations and high activity across the portfolio as we continued to progress on our strategy.
  • Important strategic developments have taken place across the Aker portfolio in recent months, in-line with Aker's strategy and focus on long-term value creation.
  • Financial highlights - third quarter 2023:
    NAV of NOK 64.1 billion, up NOK 6.9 billion from NOK 57.2 billion at the end of the second quarter
    NAV per-share of NOK 862, compared to NOK 770 at the end of the second quarter
    GAV of NOK 73.1 billion, up NOK 6.8 billion from NOK 66.3 billion at the end of the second quarter
    Share price at NOK 659.5, an increase of 8.4 percent in the quarter.

EQS-News: Adler Group S.A. announces the sale of a Berlin-based rental portfolio

Retrieved on: 
Saturday, September 16, 2023
GAV, Sale, Adler Real Estate, Quantum, News, Security (finance), Cryptocurrency

(“Adler Group”) today announced the completion of the sale of the so called “Wasserstadt” rental portfolio located in Berlin.

Key Points: 
  • (“Adler Group”) today announced the completion of the sale of the so called “Wasserstadt” rental portfolio located in Berlin.
  • ADLER Real Estate AG, a subsidiary of Adler Group, has sold its shares to a real estate investor advised by Quantum.
  • The Wasserstadt portfolio is in Berlin-Mitte and consists of a lettable area of around 47 thousand sqm.
  • The transaction, completed in September, generates net proceeds of approximately €130 million for the Adler Group.

EQS-News: Adler Group S.A. announces the sale of a Mannheim-based development portfolio

Retrieved on: 
Saturday, September 16, 2023
GAV, Sale, News, Security (finance), Cryptocurrency

Luxembourg, 8 September 2023 – Adler Group S. A.

Key Points: 
  • Luxembourg, 8 September 2023 – Adler Group S. A.
  • (“Adler Group”) today announced the notarization of the sale of the so called “Mannheim No.1” development portfolio located in Mannheim, in the southern German state Baden-Wuerttemberg.
  • Consus Real Estate AG, a subsidiary of Adler Group, has sold its respective assets to FONDSGRUND Investment, an investment and asset management company based in Hamburg.
  • The transaction, signed in September, generates net proceeds of approximately €70 million for the Adler Group.

EQS-News: TAG Immobilien AG has started into FY 2023 with strong rental performance of the German business; operations in Poland delivering significant earnings contribution from elevated unit sales

Retrieved on: 
Thursday, May 11, 2023
GAV, Financial Oversight and Management Board for Puerto Rico, FY, ICR, Capital market, Supervisory board, Annual, TAG, P.A. Semi, Article, USD, Sale, LTV, FFO, EUR, Acquisition, Investment, Refugee, CFO, Growth, Environment, Articles of association, Tourism, Security (finance), Commercial property, Film industry, Bank, Real estate, Property management

TAG Immobilien AG has started into FY 2023 with strong rental performance of the German business; operations in Poland delivering significant earnings contribution from elevated unit sales

Key Points: 
  • TAG Immobilien AG has started into FY 2023 with strong rental performance of the German business; operations in Poland delivering significant earnings contribution from elevated unit sales
    The issuer is solely responsible for the content of this announcement.
  • The adjusted net income from sales in Poland, which is a key component of FFO II, was EUR 8.8m in Q1 2023 after EUR -1.3m in Q1 2022.
  • Unit sales increased to 972 units in Q1 2023, the strongest quarter since the beginning of 2022, showing the strong demand for new constructed apartments in Poland.
  • strong migration flows into Poland including a large share of Ukrainian refugees who are expected to stay permanently in Poland.

EQS-News: Adler Group S.A. reports continued robust operational 9M performance and confirms guidance for full fiscal year

Retrieved on: 
Tuesday, November 29, 2022
LFL, FFO, GMT, NRI, CET, Sale, LTV, BCP, Yoy, GAV, Pressure, Security (finance), Renewable energy, Renting

Concerning the full fiscal year 2022, Adler Group confirms its guidance and expects a net rental income in the range of 233m - 242m and an FFO1 between 84m - 88m.

Key Points: 
  • Concerning the full fiscal year 2022, Adler Group confirms its guidance and expects a net rental income in the range of 233m - 242m and an FFO1 between 84m - 88m.
  • On 25 November 2022, Adler Group achieved an agreement with major bondholders concerning bond terms and conditions and the provision of fresh capital.
  • As part of the agreement with bondholders, Adler Group has agreed not to submit a dividend proposal to its shareholders.
  • Moreover, Adler Group aims to simplify its corporate structure and further enhance corporate governance by appointing a new Chief Restructuring Officer.

AIR Communities Announces Sale of its New England Multi-Family Portfolio

Retrieved on: 
Monday, November 21, 2022
Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, REIT, Sale, IRR, AIRC, GAV, NYSE, Philosophy, AIR, NOI, Property management

Apartment Income REIT Corp. ("AIR") (NYSE: AIRC) announced today the sale last week of its New England portfolio of six communities with 1,314 apartment units for $500 million.

Key Points: 
  • Apartment Income REIT Corp. ("AIR") (NYSE: AIRC) announced today the sale last week of its New England portfolio of six communities with 1,314 apartment units for $500 million.
  • We expect additional acquisitions to increase the Acquisition Portfolio (properties new to the AIR platform) from 17% of GAV to 30%.
  • AIR is one of the countrys largest owners and operators of apartments, with 74 communities in 11 states and the District of Columbia.
  • AIR common shares are traded on the New York Stock Exchange under the ticker symbol AIRC and are included in the S&P 400.

Grosvenor Significantly Improves 2022 GRESB Ranking For North American Property Business, Achieves Ten Points Above Global Development Benchmark Average and Earns 4-Star Rating

Retrieved on: 
Monday, October 31, 2022
Professional Services, Environment, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Building Systems, Landscape, Benchmark, Zero, Carbon, Silent Scope 3, Water, View, Multimedia, Passive house, CEO, Real estate benchmarking, GAV, USD, City, Community, Industry, Electricity, Green Star (Australia), Targets, Investment, Built environment, ESG, Northwest Territories Business Development and Investment Corporation, World Green Building Council, Heat, Insurance, Renewable energy, Core, Leadership, Development

The ultra-low energy property comprises thicker walls, fewer and strategically placed windows, and efficient heating and cooling systems resulting in lower energy consumption and carbon emissions.

Key Points: 
  • The ultra-low energy property comprises thicker walls, fewer and strategically placed windows, and efficient heating and cooling systems resulting in lower energy consumption and carbon emissions.
  • 2022 marks our second GRESB reporting cycle, and we are pleased to see improved rankings across all categories, said Steve OConnell, CEO of Grosvenors North American property business.
  • Grosvenor placed 1st in both GRESB score and Development score within Americas, Non-listed, Core, Closed end ranking.
  • We are guided by industry leading ESG business principles and we report to the Global Real Estate Sustainability Benchmark ( GRESB ).