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Consus Real Estate AG (CC11.DE)

CC11.DE on Xetra

7.29EUR
28 Sep 2020
Change (% chg)

€-0.05 (-0.68%)
Prev Close
€7.34
Open
€7.28
Day's High
€7.33
Day's Low
€7.24
Volume
39,368
Avg. Vol
67,024
52-wk High
€8.40
52-wk Low
€3.74

Latest Key Developments (Source: Significant Developments)

CONSUS Says ADO Properties S.A. Exercised Call Option To Acquire Control
Monday, 29 Jun 2020 

June 29 (Reuters) - CONSUS REAL ESTATE AG ::ADO PROPERTIES S.A. ACQUIRES CONTROL.ADO ALSO INTENDS TO LAUNCH A PUBLIC VOLUNTARY TENDER OFFER AT SAME 0.2390X ADO SHARES FOR EACH SHARE OF COMPANY TO ALL REMAINING MINORITY SHAREHOLDERS OF COMPANY IN DUE COURSE..WITHDRAWING ITS GUIDANCE OF AN ADJUSTED EBITDA OF APPROX. EUR 450M FOR 2020..ADO HAS ANNOUNCED THAT IT INTENDS TO CHANGE COMPANY' BUSINESS STRATEGY TO FOCUS ON BUILD-TO-HOLD AS PART OF COMBINED GROUP.  Full Article

Consus Real Estate Q1 Adjusted LTM Net Income At EUR 68 Million
Friday, 29 May 2020 

May 29 (Reuters) - CONSUS REAL ESTATE AG ::CONSUS REAL ESTATE AG HAS A SUCCESSFUL FIRST QUARTER 2020 - CONTINUED GROWTH AND SUBSTANTIAL PRO FORMA DEBT REDUCTION.Q1 ADJUSTED LTM EBITDA OF EUR 373 MILLION (FY 2019: EUR 344 MILLION).Q1 REVENUE OF EUR 126 MILLION, AND AN OVERALL PERFORMANCE OF EUR 228 MILLION, PRIMARILY ATTRIBUTABLE TO REAL ESTATE DEVELOPMENT.Q1 ADJUSTED LTM NET INCOME WAS EUR 68 MILLION, AND REPORTED NET INCOME WAS EUR (19) MILLION IN Q1 2020 (Q1 2019: EUR (10) MILLION).GUIDANCE CONFIRMED.DUE TO CURRENT CORONAVIRUS PANDEMIC, DATE OF AGM HAS BEEN MOVED TO 1 OCTOBER, 2020.  Full Article

CONSUS Real Estate Announces Further Material Sale Of Development Projects
Wednesday, 20 May 2020 

May 20 (Reuters) - CONSUS REAL ESTATE AG ::CONSUS ANNOUNCES A FURTHER MATERIAL SALE OF DEVELOPMENT PROJECTS, RESULTING IN ADDITIONAL SIGNIFICANT DELEVERAGING.REDUCTION IN PROJECT FINANCE DEBT OF AROUND EUR 390 MILLION.UPFRONT SALE OF A FURTHER 8 DEVELOPMENT PROJECTS WITH A GDV OF EUR 2.0 BILLION.SALE RESULTS IN MATERIAL REDUCTION IN AVERAGE INTEREST RATE.DEVELOPMENT PROJECTS HAVE BEEN SOLD AT A PREMIUM TO MARKET VALUES APPRAISED AS OF 31 DECEMBER 2019.PARTIES HAVE AGREED NOT TO DISCLOSE SELLING PRICE.  Full Article

CONSUS Real Estate Jens Jäpel Steps Down From Management Board
Thursday, 14 May 2020 

May 14 (Reuters) - CONSUS REAL ESTATE AG ::JENS JÄPEL STEPS DOWN FROM THE MANAGEMENT BOARD.MANAGEMENT BOARD WILL THUS CONSIST OF ANDREAS STEYER (CEO), BENJAMIN LEE (CFO) AND THEODORUS GORENS (CRO AND DEPUTY CFO).  Full Article

CONSUS Real Estate To Acquire Remaining 25% Minority Stake In Its Largest Subsidiary
Monday, 11 May 2020 

May 11 (Reuters) - CONSUS REAL ESTATE AG ::CONSUS ANNOUNCES SIGNIFICANT SALE OF DEVELOPMENT PROJECTS, ACCELERATING ITS DELEVERAGING STRATEGY, ALONGSIDE THE ACQUISITION OF THE REMAINING MINORITY STAKE IN ITS LARGEST SUBSIDIARY.REDUCTION IN PROJECT DEBT OF AROUND EUR 475 MILLION.UPFRONT SALE OF 17 DEVELOPMENT PROJECTS WITH A GDV OF EUR 2.3 BILLION.CONSUS TO ACQUIRE REMAINING 25% MINORITY STAKE IN ITS LARGEST SUBSIDIARY.AGREED SALE PRICE REPRESENTED A DOUBLE DIGIT PREMIUM TO MARKET VALUES AS AT 31 DECEMBER 2019.TOTAL TRANSACTION VALUE AMOUNTED TO AROUND EUR 690 MILLION.CONSUS CONTINUES TO MAINTAIN ITS PREVIOUSLY COMMUNICATED GUIDANCE OF AN ADJUSTED EBITDA OF APPROX. EUR 450M IN 2020, AN ADJUSTED EBITDA MARGIN OF APPROX. 20%.  Full Article

CONSUS Real Estate Divests 17 Projects With GDV Of EUR 2.3 Bln
Friday, 8 May 2020 

May 8 (Reuters) - Consus Real Estate AG ::CONSUS REAL ESTATE AG DIVESTS 17 DEVELOPMENT PROJECTS WITH A GDV OF EUR 2.3 BILLION AND INTENDS TO FULLY ACQUIRE CONSUS RE GMBH IN CONNECTION WITH A CAPITAL INCREASE BY CONTRIBUTION IN KIND.CONSUS WILL REDUCE ITS PROJECT FINANCE DEBT BY AROUND EUR 475 MILLION DUE TO THIS TRANSACTION, AND RECEIVE A MATERIAL CASH PAYMENT.ACQUISITION OF MINORITY STAKE WILL BE STRUCTURED BY WAY OF A CAPITAL INCREASE AGAINST CONTRIBUTION IN KIND WITHOUT SUBSCRIPTION RIGHTS FOR SHARE COMPONENT.FOLLOWING THIS TRANSACTION, GDV WILL DECREASE FROM EUR 12.3 BILLION TO EUR 10.0 BILLION.DIVESTMENTS AND CAPITAL INCREASE BY CONTRIBUTION IN KIND ARE EXPECTED TO CLOSE NOT LATER THAN IN Q3 2020..  Full Article

CONSUS Real Estate Says Coronavirus Not Impacting Ongoing Operations At This Time
Thursday, 23 Apr 2020 

April 23 (Reuters) - Consus Real Estate AG ::CORONAVIRUS NOT IMPACTING ONGOING OPERATIONS AT THIS TIME.FY ADJUSTED EBITDA INCREASED TO EUR 344.4M.FY FORWARD SALES OF EUR 2.8BN.EXISTING FORWARD SALES CONTRACTS ARE CONTINUING LARGELY UNAFFECTED.FY REPORTED NET INCOME AMOUNTED TO EUR (5.0) MILLION.CONSUS DOES NOT ASSUME AT THIS POINT IN TIME THAT CORONAVIRUS PANDEMIC WILL HAVE A MATERIAL IMPACT ON GROUP'S BUSINESS.CERTAIN UPFRONT SALES AND NEW FORWARD SALES ARE CURRENTLY DELAYED.SHARES UP 2.4% AT OPEN.  Full Article

Consus Real Estate Integrates CG Gruppe Into Consus
Friday, 27 Mar 2020 

March 27 (Reuters) - Consus Real Estate AG ::DGAP-NEWS: CONSUS REAL ESTATE AG: CONSUS INTEGRATES CG GRUPPE - EXPANSION OF LEADING MARKET POSITION. INTEGRATION OF CG GRUPPE INTO CONSUS IS PROGRESSING..JENS JÄPEL BECOMES NEW CEO OF CG GRUPPE.  Full Article

CONSUS Real Estate Amends Conditions Of EUR 200,000,000 4.00 % Bonds Due 2022
Thursday, 19 Dec 2019 

Dec 19 (Reuters) - Consus Real Estate AG ::AMENDMENT OF CONDITIONS OF EUR 200,000,000 4.00 % BONDS DUE 2022 (ISIN DE000A2G9H97) COMPLETED; FROM NOW ON, CONVERSIONS WILL BE CARRIED OUT IN ACCORDANCE WITH REVISED CONVERSION MECHANISM.CONVERSIONS WILL BE CARRIED OUT IN ACCORDANCE WITH REVISED CONVERSION MECHANISM.  Full Article

Consus Says Strategic Co-Operation Agreement Signed And 22% Stake Acquired By Ado Properties
Sunday, 15 Dec 2019 

Dec 15 (Reuters) - Consus Real Estate AG ::DGAP-NEWS: CONSUS REAL ESTATE AG: STRATEGIC CO-OPERATION AGREEMENT SIGNED AND 22% STAKE ACQUIRED BY ADO PROPERTIES S.A..CONSUS REAL ESTATE AG - ADO WILL ACQUIRE A 22.18% STRATEGIC STAKE IN CONSUS AT EUR 9.72 PER SHARE.  Full Article