Buy Or Sell Opportunity • Jun 10
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 45% to €3.33. The fair value is estimated to be €4.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 68% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Apr 04
Now 33% overvalued Over the last 90 days, the stock has fallen 54% to €7.90. The fair value is estimated to be €5.94, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 68% over the last 3 years. Meanwhile, the company became loss making. Annonce • Apr 04
An unknown buyer acquired office property near Kiel from Publity AG (XTRA:PBY). An unknown buyer acquired office property near Kiel from Publity AG (XTRA:PBY) on April 3, 2024.An unknown buyer completed the acquisition of office property near Kiel from Publity AG (XTRA:PBY) on April 3, 2024. Buy Or Sell Opportunity • Mar 15
Now 23% overvalued Over the last 90 days, the stock has fallen 57% to €7.00. The fair value is estimated to be €5.70, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 68% over the last 3 years. Meanwhile, the company became loss making. New Risk • Mar 11
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 13% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 71% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (13% increase in shares outstanding). New Risk • Mar 08
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €88.1m (US$96.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 71% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€88.1m market cap, or US$96.3m). Annonce • Nov 17
Publity AG Provides Earnings Guidance for the Year 2023 Publity AG provided earnings guidance for the year 2023. The company considers a net loss of around EUR 200 million to EUR 250 million likely due to impairments for the current financial year. Annonce • Jul 12
Publity AG, Annual General Meeting, Aug 16, 2023 Publity AG, Annual General Meeting, Aug 16, 2023. Annonce • Jan 24
Publity AG to Report First Half, 2023 Results on Sep 30, 2023 Publity AG announced that they will report first half, 2023 results on Sep 30, 2023 Annonce • Dec 31
An unknown buyer acquired A commercial property in Nieder-Olm from Publity AG (XTRA:PBY). An unknown buyer acquired A commercial property in Nieder-Olm from Publity AG (XTRA:PBY) on December 29, 2022. An unknown buyer completed the acquisition of A commercial property in Nieder-Olm from Publity AG (XTRA:PBY) on December 29, 2022. Buying Opportunity • Sep 24
Now 20% undervalued Over the last 90 days, the stock is up 17%. The fair value is estimated to be €36.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Annonce • Sep 23
Publity AG, Annual General Meeting, Nov 03, 2022 Publity AG, Annual General Meeting, Nov 03, 2022. Annonce • Sep 01
Publity AG to Report Fiscal Year 2021 Results on Sep 16, 2022 Publity AG announced that they will report fiscal year 2021 results on Sep 16, 2022 Buying Opportunity • Aug 30
Now 21% undervalued Over the last 90 days, the stock is up 9.7%. The fair value is estimated to be €35.52, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Buying Opportunity • Jul 20
Now 20% undervalued Over the last 90 days, the stock is up 15%. The fair value is estimated to be €35.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Annonce • Jun 22
An unknown buyer acquired Office property in Mülheim/Ruhr from Publity AG (XTRA:PBY). An unknown buyer acquired Office property in Mülheim/Ruhr from Publity AG (XTRA:PBY) on June 21, 2022.
An unknown buyer completed the acquisition of Office property in Mülheim/Ruhr from Publity AG (XTRA:PBY) on June 21, 2022. Annonce • Jun 16
publity AG Appoints Prof. Dr. Karl Georg Loritz as New Member of the Supervisory Board Upon application by publity AG, the Frankfurt/Main Local Court has appointed Prof. Dr. Karl Georg Loritz as a new member of the company's Supervisory Board by court order. The appointment is valid until the next Shareholders' Meeting. Prof. Dr. Loritz plans to run for election as a Supervisory Board member at this meeting. He succeeds Hans-Jürgen Klumpp, who resigned from the Supervisory Board at his own request for personal reasons. Prof. Dr. Loritz (69) is a lawyer and tax consultant with decades of experience in both fields. Prof. Dr. Loritz is a fully qualified lawyer, as is the Supervisory Board member, Frank Vennemann. For more than 30 years, Prof. Dr. Loritz taught as a university professor at renowned German and international universities, most recently for 20 years at the University of Bayreuth. There he directed, among other things, the research unit for corporate and capital market law as well as corporate tax law. He also works as a tax consultant for well over two decades and is a partner in a law and tax consultancy firm in Munich. In the Supervisory Board meeting following the court appointment, Prof. Dr. Till was elected Chairman and Prof. Dr. Loritz Deputy Chairman of the Board. Buying Opportunity • Feb 15
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 1.9%. The fair value is estimated to be €32.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Valuation Update With 7 Day Price Move • Oct 27
Investor sentiment improved over the past week After last week's 21% share price gain to €24.25, the stock trades at a trailing P/E ratio of 5.6x. Average trailing P/E is 15x in the Real Estate industry in Germany. Total returns to shareholders of 40% over the past three years. Annonce • Sep 24
An unknown buyer acquired Eight properties in Germany from publity Performance Fonds Nr. 6, publity Performance Fonds Nr. 8 and Publity Performance Fonds Nr. 7 GmbH & Co. geschlossene Investment KG, managed by Publity AG (XTRA:PBY). An unknown buyer acquired Eight properties in Germany from publity Performance Fonds Nr. 6, publity Performance Fonds Nr. 8 and Publity Performance Fonds Nr. 7 GmbH & Co. geschlossene Investment KG, managed by Publity AG (XTRA:PBY) on September 22, 2021. As per the transaction, buyer is a german family office. Philipp Schönnenbeck of CMS Hasche Sigle Partnerschaft von Rechtsanwälten und Steuerberatern mbB acted as legal advisor to Publity AG.
An unknown buyer completed the acquisition of Eight properties in Germany from publity Performance Fonds Nr. 6, publity Performance Fonds Nr. 8 and Publity Performance Fonds Nr. 7 GmbH & Co. geschlossene Investment KG, managed by Publity AG (XTRA:PBY) on September 22, 2021. Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment deteriorated over the past week After last week's 19% share price decline to €15.80, the stock trades at a trailing P/E ratio of 3.4x. Average trailing P/E is 16x in the Real Estate industry in Germany. Total returns to shareholders of 62% over the past three years. Annonce • Jun 05
Publity AG Provides Earnings Guidance for the Year 2020 Publity AG provided earnings guidance for the year 2020. For the year, the company expected net income according to HGB in 2020 to range between EUR 10 million to EUR 12.5 million. Revenue is expected within range of EUR 14.5 million to EUR 16.5 million. Annonce • May 06
Publity Updates on Status of Negotiations Regarding the Sale of Majority Stake in Preos Global Office Real Estate publity AG (XTRA:PBY) reported on the current status of negotiations with the potential buyer on the acquisition of a majority stake in its group subsidiary PREOS Global Office Real Estate & Technology AG (XTRA:PAG). Due to the current ongoing work to complete the annual and consolidated financial statements of PREOS, the potential buyer and publity have agreed to postpone their negotiations on the acquisition of a majority stake in PREOS until the presentation of the completed and audited financial statements for the fiscal year 2020. Both parties have thereby expressed their continuing intention to complete the transaction subject to satisfactory due diligence and contractual documentation. Based on the adjusted timeline, the closing of the transaction is targeted for the third or fourth quarter of 2021. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment deteriorated over the past week After last week's 28% share price decline to €22.50, the stock trades at a trailing P/E ratio of 4.8x. Average forward P/E is 11x in the Real Estate industry in Germany. Total returns to shareholders of 87% over the past three years. Annonce • Mar 05
An unknown buyer acquired an office building in Bad Homburg from Publity AG (XTRA:PBY). An unknown buyer acquired an office building in Bad Homburg from Publity AG (XTRA:PBY) on March 3, 2021.
An unknown buyer completed the acquisition of an office building in Bad Homburg from Publity AG (XTRA:PBY) on March 3, 2021. Annonce • Feb 20
publity AG to Report First Half, 2021 Results on Sep 24, 2021 publity AG announced that they will report first half, 2021 results on Sep 24, 2021 Annonce • Feb 11
publity AG Signs Five-Year Tenancy Agreement for Office Space in the Property publity AG has achieved a leasing success at the Westend Carree property in Frankfurt, which it manages as asset manager. The Max-Planck-Society for the Advancement of Science has signed a five-year tenancy agreement for office space in the property. The renowned research institute has leased more than 800 square metres in the office property in Frankfurt's attractive Westend and will move into the new office space as of 1 June 2021. The occupancy rate of the Westend Carree with its 30,550 square meters was increased to 85 percent. Price Target Changed • Feb 06
Price target raised to €55.00 Up from €48.50, the current price target is provided by 1 analyst. The new target price is 60% above the current share price of €34.35. As of last close, the stock is down 6.4% over the past year. Annonce • Jan 31
publity in Negotiations to Sell A Majority Stake in PREOS Global Office publity AG (XTRA:PBY) announced further details on the negotiations with a potential buyer regarding the acquisition of a majority shareholding in its Group subsidiary PREOS Global Office Real Estate & Technology AG (XTRA:PAG). The buyer is an internationally operating Asian conglomerate with a balance sheet total in the equivalent of tens of billions of euros and several tens of thousands of employees worldwide. In the coming years, the buyer would actively accompany the strategic growth of PREOS and its international expansion. In the event of a successful closing of the transaction, the partners are currently discussing in depth that publity and the potential buyer will provide PREOS with financing in the triple-digit million euro range within the next few quarters, so that PREOS could acquire properties in Germany and in top European metropolises worth up to €1 billion before the end of 2021. A future equity participation by publity in further property purchases by PREOS is also a possibility. It is also intended that publity will continue to act as asset manager for PREOS’ current and future real estate portfolio after the new majority shareholder has joined. This also applies to property purchases made within the framework of PREOS’ planned internationalization strategy supported by the potential buyer. Accordingly, there would be considerable potential for publity to expand its assets under management. The Executive Board of PREOS and the extended management team have already stated that they would continue to drive the company’s growth in their current roles even after the possible completion of the acquisition of a majority shareholding by the Asian conglomerate. Annonce • Jan 14
An unknown buyer acquired 7,500 square meter office property in Neu-Isenburg from publity AG (XTRA:PBY). An unknown buyer acquired 7,500 square meter office property in Neu-Isenburg from publity AG (XTRA:PBY) on January 13, 2021.
An unknown buyer completed the acquisition of 7,500 square meter office property in Neu-Isenburg from publity AG (XTRA:PBY) on January 13, 2021. Annonce • Dec 30
Thomas Olek Resigns as CEO of publity AG publity AG announced that the CEO of the company, Thomas Olek, informed the Supervisory Board of publity that he wishes to terminate his position on the Executive Board of the company as of 31 December 2020. The Supervisory Board has accepted Olek's request with the best mutual understanding and expresses its thanks to him for the work he has done in the past. Beginning in 2021, Olek will continue as a consultant to the entire Group in the areas of big data real estate analysis and internationalization, which have been identified as key success factors for the further development of publity and its Group companies. Olek therefore also informed the Supervisory Board that the talks with the Supervisory Board of publity's subsidiary PREOS Global Office Real Estate & Technology AG about taking over a position on the Executive Board of PREOS have been postponed. Olek reiterated to the Supervisory Board of publity that he intends to remain a majority shareholder of publity in the long term and to further expand his shareholding depending on the share price. The existing lock-up agreements shall also remain unaffected by the change. The publity board will therefore consist of the current board members Frank Schneider and Stephan Kunath. Annonce • Dec 18
An undisclosed buyer acquired Commercial Property in North Rhine-Westphalia from publity AG (XTRA:PBY). An undisclosed buyer acquired Commercial Property in North Rhine-Westphalia from publity AG (XTRA:PBY) on December 16, 2020. Brockhoff acted as sales agent in the transaction.
An undisclosed buyer completed the acquisition of Commercial Property in North Rhine-Westphalia from publity AG (XTRA:PBY) on December 16, 2020 Valuation Update With 7 Day Price Move • Nov 24
Market bids up stock over the past week After last week's 18% share price gain to €35.40, the stock is trading at a trailing P/E ratio of 7.6x, up from the previous P/E ratio of 6.4x. This compares to an average P/E of 12x in the Real Estate industry in Germany. Total returns to shareholders over the past three years are 11%. Valuation Update With 7 Day Price Move • Nov 19
Market bids up stock over the past week After last week's 15% share price gain to €33.80, the stock is trading at a trailing P/E ratio of 7.2x, up from the previous P/E ratio of 6.3x. This compares to an average P/E of 12x in the Real Estate industry in Germany. Total returns to shareholders over the past three years are 1.4%. Valuation Update With 7 Day Price Move • Oct 29
Market pulls back on stock over the past week After last week's 17% share price decline to €29.70, the stock is trading at a trailing P/E ratio of 6.3x, down from the previous P/E ratio of 7.6x. This compares to an average P/E of 11x in the Real Estate industry in Germany. Total return to shareholders over the past three years is a loss of 13%. Is New 90 Day High Low • Oct 27
New 90-day low: €31.85 The company is down 9.0% from its price of €34.90 on 29 July 2020. The German market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 1.0% over the same period. Reported Earnings • Sep 28
First half earnings released Over the last 12 months the company has reported total profits of €64.3m, up 58% from the prior year. Total revenue was €34.1m over the last 12 months, up 16% from the prior year. Annonce • Sep 04
An unknown real estate company from Berlin acquired 3,600 square meter office property in Hamburg from publity AG (XTRA:PBY). An unknown real estate company from Berlin acquired 3,600 square meter office property in Hamburg from publity AG (XTRA:PBY) on September 3, 2020.
An unknown real estate company from Berlin completed the acquisition of 3,600 square meter office property in Hamburg from publity AG (XTRA:PBY) on September 3, 2020. Annonce • Sep 03
publity AG to Report First Half, 2020 Results on Sep 24, 2020 publity AG announced that they will report first half, 2020 results on Sep 24, 2020 