Berlin, January 12, 2021 – Warburg Research has raised its price target for ACCENTRO Real Estate AG (ISIN DE000A0KFKB3) to 14.75 euros and reaffirmed its “Buy” rating. In addition, the analysts have raised their revenue and earnings estimates for 2021 and 2022. This was attributed to ACCENTRO’s growth resulting from the acquisition of DIM Holding AG (“Deutsche Immobilien Management”). According to Warburg, with the acquisition of one of Germany’s leading real estate service providers, ACCENTRO has reached another important milestone in its business development. This expansion of business activities complements the company’s successful regional diversification, which was further enhanced by the recent addition of 2,800 units to its real estate portfolio in Leipzig, Halle, and Gera. Warburg highlighted ACCENTRO’s evolution into a residential investor and property owner, which complements its current core business of privatization. The diversification of the business model reduces dependence on real estate sales, increases revenue visibility, and stabilizes sales.
The update from Warburg Research is available on the ACCENTRO website at www.accentro.ag in the Investor Relations section.
About ACCENTRO Real Estate AG
ACCENTRO Real Estate AG is a residential real estate investor and the market leader in residential privatization in Germany. As of December 31, 2020, its real estate portfolio comprised approximately 5,200 units. In addition to Berlin, its regional focus includes major East German cities and metropolitan areas, as well as the Rhine-Ruhr metropolitan region and Bavaria. ACCENTRO’s business activities encompass four core areas. These include the sale of apartments to owner-occupiers and private investors at rent-level prices, the sale of real estate portfolios to institutional investors, the development and management of its own real estate portfolio, and the marketing of apartments for portfolio holders, investors, and project developers. The shares of ACCENTRO Real Estate AG are listed on the Prime Standard of the Frankfurt Stock Exchange (WKN: A0KFKB, ISIN: DE000A0KFKB3). investors.accentro.de
Contact for Press and Public Relations
Karl-Philipp Jann
PB3C GmbH
Rankestrasse 17
10789 Berlin
Phone
+49 (0)30 - 72 62 76 1612
Investor Relations Contact:
Thomas Eisenlohr
ACCENTRO Real Estate AG
Kantstraße 44/45
10625 Berlin
Email: eisenlohr@accentro.de
Phone: +49 (0)30 88 71 81 272