Frankfurt 03/12/2019 — Fist Berlin Equity Research has raised the target price for the publity AG share (Scale, ISIN DE0006972508) from EUR 44.00 to EUR 55.00 (see publication of June 5, 2019) and confirmed the «BUY» recommendation. Furthermore, the analysts have significantly raised their sales and earnings estimates for 2020 and 2021. The reasons for this included the strong expansion of the real estate portfolio, which is bundled in PREOS Real Estate AG — in which publity now holds 93.15 percent — and the significant growth in Assets under Management from currently EUR 5.5 billion to around EUR 7 billion by the end of 2020. Additionally, the estimates take into account a high volume of acquisitions with a closing in the second half of 2019, which will fully impact the financial year 2020.
The update of First Berlin Equity Research is available on the publity website www.publity.orgin the Investor Relations section.
Financial Press and Investor Relations:
Axel Mühlhaus/ Peggy Kropmanns
Phone: +49 69 905505-52
publity AG («publity») is an asset manager and investor specialised in office real estate in Germany. The company covers the core of the value chain from the acquisition to the development and the sale of real estate. With over 1,100 transactions in the past seven years, publity is one of the most active players in the real estate market. Currently, the company manages a portfolio with a value of over five billion euros. publity is characterized by a sustainable network in the real estate industry and in the Work-Out departments of financial institutions. With very good access to investment funds, publity handles transactions rapidly with a highly efficient process and proven partners. On a case-by-case basis, publity participates as co-investor in joint venture transactions to a limited extent. The shares of publity AG (ISIN DE0006972508) are traded on the Scale segment of Deutsche Börse.
First Berlin raises publity share target price to 55.00 Euro and raises earnings estimates significantly — BUY recommendation confirmed