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Adler Real Estate AG (ADLG.DE)

ADLG.DE on Xetra

10.84EUR
8:24pm IST
Change (% chg)

€-0.14 (-1.28%)
Prev Close
€10.98
Open
€11.02
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€11.04
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€10.72
Volume
118,897
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168,740
52-wk High
€15.40
52-wk Low
€9.68

Latest Key Developments (Source: Significant Developments)

Adler Signs Merger Agreement To Acquire A.D.O. Group Ltd
Monday, 23 Sep 2019 

Sept 23 (Reuters) - Adler Real Estate AG ::DGAP-ADHOC: ADLER REAL ESTATE AG: MERGER AGREEMENT SIGNED TO ACQUIRE ALL THE SHARES IN A.D.O. GROUP LTD FOR C. EUR 708M; TRANSACTION WILL RESULT IN ADLER HOLDING 33% STAKE IN ADO PROPERTIES S.A..TRANSACTION WILL REDUCE ADLER'S PRO FROMA H1 LTV TO C.47% ON A FULLY-CONSOLIDATED BASIS ASSUMING COMPLETION OF PROPOSED SALE OF A REAL ESTATE PORTFOLIO ANNOUNCED BY ADO PROPERTIES ON 16 SEPTEMBER 2019.SEVERAL MAJOR SHAREHOLDERS OF ADO GROUP WITH A COLLECTIVE VOTING POWER REPRESENTING 52% OF VOTING RIGHTS IN ADO GROUP HAVE ENTERED INTO BINDING AGREEMENTS TO CAST THEIR VOTES IN FAVOR OF MERGER AT NECESSARY SHAREHOLDER MEETING.MERGER AGREEMENT SIGNED TO ACQUIRE ALL SHARES IN A.D.O. GROUP LTD FOR C. EUR 708M; TRANSACTION WILL RESULT IN ADLER HOLDING 33% STAKE IN ADO PROPERTIES S.A..("ADLER") SIGNS AGREEMENT TO ACQUIRE 100% OF A.D.O. GROUP LTD ("ADO GROUP").TRANSACTION WILL BE FUNDED BY ACQUISITION FINANCE WHICH ADLER INTENDS TO REPAY BY BEGINNING OF 2020 THROUGH A COMBINATION OF A RIGHTS ISSUE, FULLY-GUARANTEED AND BACKSTOPPED BYSEVERAL EXISTING ADLER SHAR.SHAREHOLDERS HOLDING COMBINED 52% OF VOTING RIGHTS IN ADO GROUP HAVE ENTERED INTO BINDING COMMITTMENTS TO VOTE IN FAVOUR OF MERGER.ADLER OFFERING ALL ADO GROUP SHAREHOLDERS EUR 25.75 (C. ILS (NEW ISRAELI SHEKEL) 100.00)^11 PER SHARE IN ADO GROUP FOR A TOTAL EQUITY CONSIDERATION OF C. EUR 708 MILLION (C. ILS 2.75 BILLION).  Full Article

Adler Real Estate Comments On Reports Concerning Potential Takeover Of A.D.O. Group Ltd
Monday, 23 Sep 2019 

Sept 22 (Reuters) - Adler Real Estate Ag ::DGAP-ADHOC: ADLER REAL ESTATE AG COMMENTS ON REPORTS CONCERNING POTENTIAL TAKEOVER OF A.D.O. GROUP LTD.CONFIRMS MEDIA REPORTS IT IS IN TALKS WITH A.D.O GROUP LTD AND MAJOR SHAREHOLDERS OF ADOG REGARDING A TAKEOVER OF ADOG.NEITHER MANAGEMENT BOARD NOR SUPERVISORY BOARD OF ADLER HAVE MADE A FINAL DECISION ON POTENTIAL TRANSACTION.IT IS NOT CERTAIN AT THIS POINT IN TIME WHETHER AND UNDER WHICH TERMS AND CONDITIONS BINDING AGREEMENTS WILL BE CONCLUDED.  Full Article

Adler Real Estate: Raises 2019 FFO I Guidance
Wednesday, 14 Aug 2019 

Aug 14 (Reuters) - Adler Real Estate AG ::STRONG EARNINGS GROWTH WITH FFO I UP 18.8% TO EUR 41.7M FROM EUR 35.1M IN H1 2018.H1 NET RENTAL INCOME INCREASED BY 16.6% TO EUR 127.2M COMPARED TO SAME PERIOD IN PREVIOUS YEAR.2019 FFO I GUIDANCE RAISED FROM EUR 80-85M TO EUR 83-86M.  Full Article

Adler Real Estate Q1 Net Rental Income Up 44.3% TO EUR 64.8 Million
Wednesday, 15 May 2019 

May 15 (Reuters) - Adler Real Estate AG ::DGAP-NEWS: ADLER REAL ESTATE AG: FIRST QUARTER 2019: ON TRACK TO REACH FULL YEAR TARGETS.AS OF Q1 2019 FFO I STOOD AT EUR 21.6M, REPRESENTING 52.1% YOY INCREASE (Q1 2018: EUR 14.2M).REMAIN COMMITTED TO ACHIEVING FY 2019 LTV TARGET OF C.55%.NET RENTAL INCOME INCREASED BY 44.3% YOY TO EUR 64.8M AS OF Q1 2019.  Full Article

Adler Real Estate: Early Redemption Of 2015/2020 Bond Intended
Thursday, 28 Mar 2019 

March 28 (Reuters) - Adler Real Estate AG ::EARLY REDEMPTION OF 2015/2020 BOND (WKN A14J3Z) INTENDED.PROCEEDS OF POTENTIAL BOND OFFERING WILL BE USED TO REPAY EXISTING DEBT.A NEW EUR 300M TO 400M SENIOR UNSECURED TRANSACTION WILL FOLLOW, SUBJECT TO MARKET CONDITIONS..  Full Article

Adler Real Estate's Unit Brack Capital Properties Sells First Part Of Its Retail Portfolio
Monday, 25 Mar 2019 

March 25 (Reuters) - Adler Real Estate AG ::DGAP-NEWS: ADLER REAL ESTATE AG'S SUBSIDIARY BRACK CAPITAL PROPERTIES N.V. SELLS FIRST PART OF ITS RETAIL PORTFOLIO.BRACK CAPITAL PROPERTIES N.V. SELLS C. EUR 180.6M OF GROSS ASSET VALUE REPRESENTING C. 37% OF TOTAL RETAIL PORTFOLIO.DEBT OF C. EUR 107M TO BE REPAID RESULTING IN ADLER'S LTV REDUCTION OF C.80 BPS.  Full Article

Adler Real Estate Says Shareholder Basis Widened, Market Capitalization Increased
Thursday, 3 Jan 2019 

Jan 3 (Reuters) - Adler Real Estate AG ::DGAP-NEWS: ADLER REAL ESTATE AG: SHAREHOLDER BASIS WIDENED, MARKET CAPITALIZATION INCREASED.12.9 MILLION NEW SHARES CREATED FROM CONVERSION OF 2015/2018 MANDATORY CONVERTIBLE AND TERMINATION OF 2013/2018 CONVERTIBLE BOND.NEW MAJOR SHAREHOLDER.MARKET CAPITALIZATON INCREASED TO MORE THAN EUR 900 MILLION (USD 1.0 BILLION).SIZEABLE PART OF CONVERTED SHARES ARE IN HANDS OF FAIRWATER REAL ESTATE OPPORTUNITIES FUND.  Full Article

Adler Real Estate And Benson Elliot Capital Management Enter Into JV
Thursday, 27 Dec 2018 

Dec 27 (Reuters) - Adler Real Estate AG ::ADLER REAL ESTATE AG AND BENSON ELLIOT CAPITAL MANAGEMENT ENTER INTO A JV.JV TO OPPORTUNISTICALLY DISPOSE OF C. 2,300 RESIDENTIAL UNITS.ASSETS TRANSFERRED INTO JV HAVE GROSS ASSET VALUE OF EUR 117.7M.  Full Article

Adler Real Estate Q1 Net Rental Income At EUR 44.9 Mln
Wednesday, 16 May 2018 

May 16 (Reuters) - ADLER REAL ESTATE AG ::FIRST QUARTER 2018: KEY OPERATING METRICS FURTHER IMPROVED COMPARED TO SAME QUARTER OF THE PREVIOUS YEAR.NET RENTAL INCOME FOR QUARTER INCREASED BY 6.9 PERCENT TO EUR 44.9 MILLION.Q1 FFO I GREW BY 79.7 PERCENT TO EUR 14.2 MILLION.  Full Article

Adler Real Estate Completes Acquisition Of 70 Pct Of Shares Of Brack Capital Properties
Tuesday, 3 Apr 2018 

April 3 (Reuters) - ADLER REAL ESTATE AG ::ACQUISITION OF 70 PERCENT OF SHARES OF BRACK CAPITAL PROPERTIES N.V. COMPLETED.  Full Article