alstria office

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alstria office REIT-AG

logo
legal form Corporation
ISIN DE000A0LD2U1
founding 2006
Seat Hamburg , GermanyGermanyGermany 
management
  • Olivier Elamine, CEO
Number of employees 156 (2019)
sales 187 million euros (2019)
Branch Real estate industry
Website alstria.de
As of December 31, 2019

The alstria office REIT-AG , based in Hamburg, is a listed real estate company in the legal form of a real estate investment trust (REIT). The company buys, owns and manages German office and commercial real estate. The group was founded in January 2006 and in October 2007 became the first company in Germany to be converted into a real estate investment trust stock corporation (REIT-AG) under German law. The company was included in the MDAX on September 24, 2018 .

Real estate portfolio

The company has real estate holdings in particular in Düsseldorf , Frankfurt am Main , Hamburg , Hanover , Munich and Stuttgart . The basis of the business model is the long-term oriented management of the real estate portfolio, which has grown through acquisitions. In 2016, Alstria had 116 buildings with a usable area of ​​1.5 million m² and a current value of 3.0 billion euros. The most important tenants are the city of Hamburg (13%), Daimler (12%) and Deutsche Telekom (10%). Alstria sees a total of ten tenants as so-called "top 10 tenants" who together generate around 50 percent of rental income.

In addition to the long-term rental of office space, the active development of real estate is part of the business model. With the Bieberhaus and the Alte Post and the Kaisergalerie in Hamburg, several historical buildings were renovated, and in 2017 the Wehrhahn Center in Düsseldorf will be modernized. In addition to the annual reports, Alstria publishes an annual sustainability report.

At the beginning of 2016, alstria took over 100% of its competitor Deutsche Office via a share swap, which led to a group loss for 2015 in the course of the devaluation of DO properties.

Financial metrics

Fiscal year Sales
in € million 		Consolidated earnings
in € million 		Operating profit
in € m
2010 89.1 0.21 27.45
2011 90.8 27.45 34.69
2012 101.29 39.91 43.57
2013 104.22 38.95 45.33
2014 101.78 36.95 47.63
2015 115.34 −110.97 59.40
2016 202.66 176.87 116.41
2017 193.68 296.98 113.83

As of December 31, 2017

Shareholder structure

Share
in percent 		Shareholders
7.90 Euro Periwinkle Private Limited , Singapore
5.77 SAS Rue La Boétie parent company of Crédit Agricole
4.10 Kairos International SICAV , Luxembourg, is part of Bank Julius Baer
3.18 BlackRock
3.03 PREDICA , is part of the Crédit Agricole
2.99 Brookfield Asset Management
2.99 Cohen & Steers
2.97 Norges Bank
2.88 BNP Paribas
2.86 Fidelity Investments (FMR)
2.71 CNP Assurances
58.62 Free float

(As of February 14, 2018)

Web links

Individual evidence

  1. ↑ a b Annual Report 2019. (PDF) In: alstria.de. Accessed June 1, 2020 .
  2. ↑ Wirecard rises: Founding member Commerzbank is thrown out of the Dax . In: FAZ.NET . ISSN  0174-4909 ( faz.net [accessed September 6, 2018]).
  3. ↑ The REITs Atlas . ISBN 978-1-70672-182-6 , pp. 44 .
  4. ↑ alstria office REIT-AG: Corporate Report 2016. (PDF) Retrieved on March 3, 2016 .
  5. ↑ alstria office REIT-AG: IFRS Annual Report 2016. (PDF) Retrieved on March 3, 2016 .
  6. ↑ alstria office REIT-AG: Sustainability Report 2016. (PDF) Retrieved on March 3, 2016 .
  7. ↑ rtr: Real estate company disappears from the stock exchange. In: handelsblatt.com. March 1, 2016, accessed October 30, 2018 .
  8. ↑ alstria office REIT-AG: Company report 2017. (PDF) Retrieved on September 14, 2017 .