FCR Immobilien : Company Presentation (FCR Immobilien AG Company Presentation January 2025 1)
FC9.DE
COMPANY PRESENTATION
FCR IMMOBILIEN AG
January 2025
Pullach i. Isartal
Our business model
We are a specialized portfolio holder with a focus on local supply properties
Our business focus is clearly on portfolio management (no developer/builder)
We concentrate on the local supply segment (shopping centers and specialist stores)
We pursue a stable earnings and growth strategy
With our innovative strength, we develop new digital solutions for ourselves and third parties
Our core market is Germany
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9M/2024: Stable performance parameters for the real estate portfolio (1/2)
Occupancy rate 94.0%, WAULT 5.2 years
Distribution of net rents
(9M/2024)
Residential
Logistics 0.7%
Office 5.4%
6.0%
Retail
87.9%
Annualized actual net rent:
€32.5 million
Occupancy rate (%)
93,3
94,0
94,0
92,9
90,3
82,1
2019
2020
2021
2022
2023
9M/2024
WAULT (years)
5,1
5,4
5,2
5,4
5,2
4,4
2019
2020
2021
2022
2023
9M/2024
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9M/2024: Stable performance parameters for the real estate portfolio (2/2)
Portfolio valued at 12.5 times the annualized net rent
Rental income in relation to real estate assets
404,8
414,3
407,2
320,7
268,3
19,5 13,8
24,3 13,2
31,7 12,8
33,1 12,5
32,5 12,5
2020
2021
2022
2023
9M/2024
Existing portfolio (million euros) Annualized rent (million euros)
Factor
2020
2021
2022
2023
9M/2024
Existing portfolio (million euros)
268.3
320.7
404.8
414.3
407.2
Annualized rent (million euros)
19.5
24.3
31.7
33.1
32.5
Factor
13.8
13.2
12.8
12.5
12.5
4
Innovation update
Integrated digitization of real estate processes through software solution
Ongoing development / priorities
FCR-Intranet
Optimization of processes along core areas of the value chain
Business segment
External marketing of the FCR intranet (white label solution for third parties)
Immoware24
Strategic equity investment in cloud-based real estate management tool
Advantages of Immowin24: Covers the entire value chain
Comprehensive, digital range of services (examples)
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9M/2024: Reduction in cost of materials ratio
Sustainable efficiency gains through the use of software
2020
2021
2022
2023
9M/2024
Sales revenue
25.2
26.9
35.0
38.3
26.9
(million euros)
Cost of materials
6.6
7.0
6.8
7.9
5.2
(million euros)
Material cost ratio
26.2%
26.0%
19.4%
20.6%
19.3%
Cost of materials reduced by:
26%
6
Sustainability update
Consideration of ESG criteria in business development
Overview of FCR's environment, social and governance (ESG) activities
Environment
Environmental protection at FCR properties:
Social
Governance
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Successful key financial figures
Profitable business development after 9 months 2024
Turnover (million euros)
EBITDA (million euros)
EBIT (million euros)
49,6
52,5
56,6
27,4
23,0
18,1
28,6
38,9
24,2
18,8
18,6
35,9
35,7
18,1
Vj. 18,5
19,2
36,4
(Vj. 41,2)
18,5
14,8
Vj. 19,3
14,4
35,0
25,2
26,9
26,9
21,6
2019
2020
2021
2022
2023
9M/2024
2019
2020
2021
2022
2023
9M/2024
2019
2020
2021
2022
2023
9M/2024
EBT (million euros)
FFO (million euros)
17,3
9,4
8,2
14,9
7,1
11,9
11,5
5,3
10,1
6,4
5,0
Vj. 6,8
Vj. 8,2
2019
2020
2021
2022
2023
9M/2024
2020
2021
2022
2023
9M/2024
2019 to 2023 Audited figures in accordance with IFRS
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Capital market update (1/2)
FCR share
Master data
ISIN / WKN
DE000A1YC913 / A1YC91
Ticker symbol
FC9
Trading platform
Xetra and Frankfurt
(General Standard)
Munich (m:access)
Initial listing
Nov 7, 2018
Total number of shares
9,870,452 registered no-par
value shares (ordinary
shares)
Share capital
€9,870,452.00
Share price
€10.50
(Dez 30,2024)
Market capitalization
€104 million
Designated Sponsor
BankM AG
Current research
mwb research AG, Update,
Jan 21, 2025
Buy recommendation
Target price: €20.50
Shareholder structure
Performance share price (Xetra)
Freefloat
26.98%
RAT Asset &
Trading GmbH /
CM Center
FAMe
Management
Invest &
GmbH /
Management
Falk Raudies
GmbH
65.06%
7.96%
EPRA-NAV
Dividend
(million euros)
(euro per share)
0,35
0,35
143,3
0,30
121,2
135,6
140,4
0,30
0,25
100,0
107,3
2019
2020
2021
2022
2023
9M/2024
2019
2020
2021
2022
2023
9
Capital market update (2/2)
New issue of 6.25% bond
Issuer
FCR Immobilien AG
WKN / ISIN
A4DFCG / DE000A4DFCG6
Issue volume
Up to €30 million
Interest
6.25% p.a.
Issue price
100.00% of the nominal amount per partial debenture
Denomination
€1,000.00
Interest payment
Annually in arrears on February 19, for the first time on February 19, 2026
Security
Land register debt (trustee)
Issue date
February 19, 2025
Term
5 years (until February 18, 2030)
Repayment
February 19, 2030
Repayment rate
100% of nominal amount
Subscription via stock exchange
From January 28, 2025 until probably February 14, 2025
Subscription via issuer
From January 28, 2025 until probably January 23, 2026
Listing
Open Market of the Frankfurt Stock Exchange on February 19, 2025
Paying agent
Bankhaus Gebr. Martin AG
The offer is being made solely on the basis of the approved securities prospectus dated January 23, 2025 and any supplements thereto, available free of charge at www.fcr-immobilien.de. The approval by the Luxembourg Financial Supervisory Authority Commission de Surveillance du Secteur Financier (CSSF) should not be construed as an endorsement of the securities offered. Potential investors should read the Prospectus before making an investment decision in order to fully understand the potential risks and rewards of deciding to invest in the securities.
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Disclaimer
FCR Immobilien AG published this content on January 27, 2025, and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on January 27, 2025 at 16:41:19.240.