alstria office REIT AG is the leading real-estate operator focusing solely on German office property in selected German markets. More Details
6 star dividend payer with mediocre balance sheet.
Share Price & News
How has alstria office REIT-AG's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AOX is less volatile than 75% of German stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: AOX's weekly volatility (3%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: AOX underperformed the German REITs industry which returned -17.4% over the past year.
Return vs Market: AOX underperformed the German Market which returned 21.5% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is alstria office REIT-AG's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StHow Much Of alstria office REIT-AG (ETR:AOX) Do Institutions Own?
5 months ago | Simply Wall StWhat Kind Of Shareholders Hold The Majority In alstria office REIT-AG's (ETR:AOX) Shares?
8 months ago | Simply Wall StWhat Type Of Shareholder Owns alstria office REIT-AG's (ETR:AOX)?
Is alstria office REIT-AG undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: AOX (€13.72) is trading above our estimate of fair value (€9.16)
Significantly Below Fair Value: AOX is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: AOX is poor value based on its PE Ratio (14.4x) compared to the DE REITs industry average (11.8x).
PE vs Market: AOX is good value based on its PE Ratio (14.4x) compared to the German market (25.3x).
Price to Earnings Growth Ratio
PEG Ratio: AOX is poor value based on its PEG Ratio (6.4x)
Price to Book Ratio
PB vs Industry: AOX is good value based on its PB Ratio (0.7x) compared to the DE REITs industry average (1.4x).
How is alstria office REIT-AG forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AOX's forecast earnings growth (2.3% per year) is above the savings rate (0.07%).
Earnings vs Market: AOX's earnings (2.3% per year) are forecast to grow slower than the German market (22.1% per year).
High Growth Earnings: AOX's earnings are forecast to grow, but not significantly.
Revenue vs Market: AOX's revenue is expected to decline over the next 3 years (-4.4% per year).
High Growth Revenue: AOX's revenue is forecast to decline over the next 3 years (-4.4% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AOX's Return on Equity is forecast to be low in 3 years time (4.4%).
How has alstria office REIT-AG performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AOX has a large one-off gain of €69.9M impacting its December 31 2020 financial results.
Growing Profit Margin: AOX's current net profit margins (78.2%) are lower than last year .
Past Earnings Growth Analysis
Earnings Trend: AOX has become profitable over the past 5 years, growing earnings by 35.7% per year.
Accelerating Growth: AOX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: AOX had negative earnings growth (-71%) over the past year, making it difficult to compare to the REITs industry average (-27.7%).
Return on Equity
High ROE: AOX's Return on Equity (5.2%) is considered low.
How is alstria office REIT-AG's financial position?
Financial Position Analysis
Short Term Liabilities: AOX's short term assets (€475.5M) exceed its short term liabilities (€71.6M).
Long Term Liabilities: AOX's short term assets (€475.5M) do not cover its long term liabilities (€1.8B).
Debt to Equity History and Analysis
Debt Level: AOX's debt to equity ratio (52%) is considered high.
Reducing Debt: AOX's debt to equity ratio has reduced from 125.7% to 52% over the past 5 years.
Debt Coverage: AOX's debt is not well covered by operating cash flow (6.1%).
Interest Coverage: AOX's interest payments on its debt are well covered by EBIT (4.1x coverage).
What is alstria office REIT-AG current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: AOX's dividend (3.86%) is higher than the bottom 25% of dividend payers in the German market (0.98%).
High Dividend: AOX's dividend (3.86%) is in the top 25% of dividend payers in the German market (3.37%)
Stability and Growth of Payments
Stable Dividend: AOX's dividends per share have been stable in the past 10 years.
Growing Dividend: AOX's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (86.6%), AOX's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: AOX's dividends in 3 years are forecast to be covered by earnings (85.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Olivier Elamine (48 yo)
Mr. Olivier Elamine has been the Chief Executive Officer at alstria office REIT-AG since November 2006, Member of Management Board since October 2006 and serves as its Chairman of the Management Board. Mr....
CEO Compensation Analysis
Compensation vs Market: Olivier's total compensation ($USD1.46M) is below average for companies of similar size in the German market ($USD2.11M).
Compensation vs Earnings: Olivier's compensation has been consistent with company performance over the past year.
|Chairman of the Management Board & CEO||14.33yrs||€1.23m||no data|
|CFO & Member of Management Board||13.75yrs||€1.01m||no data|
|Head of Investor Relations & Public Relations||10.83yrs||no data||no data|
|Head of IT||no data||no data||no data|
Experienced Management: AOX's management team is seasoned and experienced (13.8 years average tenure).
|Independent Vice Chairman of the Supervisory Board||4.33yrs||€90.00k||no data|
|Independent Supervisory Board Member||4.17yrs||€67.50k||no data|
|Independent Supervisory Board Chairman||4.83yrs||€165.00k||no data|
|Independent Supervisory Board Member||9.42yrs||€70.00k||no data|
|Independent Supervisory Board Member||8.92yrs||€67.50k||no data|
|Independent Supervisory Board Member||5.17yrs||€65.00k||no data|
Experienced Board: AOX's board of directors are considered experienced (5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
alstria office REIT-AG's company bio, employee growth, exchange listings and data sources
- Name: alstria office REIT-AG
- Ticker: AOX
- Exchange: XTRA
- Founded: 2006
- Industry: Office REITs
- Sector: Real Estate
- Market Cap: €2.439b
- Shares outstanding: 177.79m
- Website: https://www.alstria.com
Number of Employees
- alstria office REIT-AG
- Steinstrasse 7
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|AOX||DB (Deutsche Boerse AG)||Yes||Ordinary Bearer Shares||DE||EUR||Apr 2007|
|0O9Q||LSE (London Stock Exchange)||Yes||Ordinary Bearer Shares||GB||EUR||Apr 2007|
|AOX||XTRA (XETRA Trading Platform)||Yes||Ordinary Bearer Shares||DE||EUR||Apr 2007|
|AOXD||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Bearer Shares||GB||EUR||Apr 2007|
|AOX||SWX (SIX Swiss Exchange)||Yes||Ordinary Bearer Shares||CH||CHF||Apr 2007|
|AOX||WBAG (Wiener Boerse AG)||Yes||Ordinary Bearer Shares||AT||EUR||Apr 2007|
|ALSR.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Bearer Shares||US||USD||Apr 2007|
|AOX||ETLX (Eurotlx)||Yes||Ordinary Bearer Shares||IT||EUR||Apr 2007|
alstria office REIT AG is the leading real-estate operator focusing solely on German office property in selected German markets. Our strategy is based on the ownership and an active management of our prope...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/03/06 19:03|
|End of Day Share Price||2021/03/05 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.