Alstria office REIT-AG is a German stock corporation in the legal form of a Real Estate Investment Trust (REIT), which invests in office real estate in the major German economic centers.
Fair value 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 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: AOX underperformed the German REITs industry which returned 9.6% over the past year.
Return vs Market: AOX underperformed the German Market which returned 0.3% over the past year.
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
2 weeks ago | Simply Wall StWhat Type Of Shareholder Owns alstria office REIT-AG's (ETR:AOX)?
11 months ago | Simply Wall StDid alstria office REIT-AG's (ETR:AOX) Share Price Deserve to Gain 44%?
11 months ago | Simply Wall StIs alstria office REIT-AG (ETR:AOX) A Great Dividend Stock?
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 (€13.54) is trading above our estimate of fair value (€10.43)
Significantly Below Fair Value: AOX is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: AOX is good value based on its PE Ratio (4.3x) compared to the REITs industry average (8.8x).
PE vs Market: AOX is good value based on its PE Ratio (4.3x) compared to the German market (20.5x).
Price to Earnings Growth Ratio
PEG Ratio: AOX's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
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 (1.6x).
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 earnings are forecast to decline over the next 3 years (-9.4% per year).
Earnings vs Market: AOX's earnings are forecast to decline over the next 3 years (-9.4% per year).
High Growth Earnings: AOX's earnings are forecast to decline over the next 3 years.
Revenue vs Market: AOX's revenue (2.3% per year) is forecast to grow slower than the German market (5.9% per year).
High Growth Revenue: AOX's revenue (2.3% per year) is forecast to grow slower than 20% 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 (4.9%).
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 €468.9M impacting its March 31 2010 financial results.
Growing Profit Margin: AOX's current net profit margins are higher than last year .
Past Earnings Growth Analysis
Earnings Trend: AOX's earnings have grown significantly by 54.7% per year over the past 5 years.
Accelerating Growth: AOX's earnings growth over the past year (0.5%) is below its 5-year average (54.7% per year).
Earnings vs Industry: AOX earnings growth over the past year (0.5%) underperformed the REITs industry 25.3%.
Return on Equity
High ROE: AOX's Return on Equity (17.3%) is considered low.
How is alstria office REIT-AG's financial position?
Financial Position Analysis
Short Term Liabilities: AOX's short term assets (€591.8M) exceed its short term liabilities (€441.8M).
Long Term Liabilities: AOX's short term assets (€591.8M) do not cover its long term liabilities (€1.4B).
Debt to Equity History and Analysis
Debt Level: AOX's debt to equity ratio (53.2%) is considered high.
Reducing Debt: AOX's debt to equity ratio has reduced from 93.7% to 53.2% over the past 5 years.
Debt Coverage: AOX's debt is not well covered by operating cash flow (7.4%).
Interest Coverage: AOX's interest payments on its debt are well covered by EBIT (4.2x coverage).
What is alstria office REIT-AG current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate AOX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate AOX's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if AOX's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if AOX's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: AOX is not paying a notable dividend for the German market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of AOX's dividend in 3 years as they are not forecast to pay a notable one for the German market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Olivier Elamine (48yo)
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 ($USD1.38M) is below average for companies of similar size in the German market ($USD2.73M).
Compensation vs Earnings: Olivier's compensation has been consistent with company performance over the past year.
|Chairman of the Management Board & CEO||13.67yrs||€1.23m||no data|
|CFO & Member of Management Board||13.08yrs||€1.01m||no data|
|Head of Investor Relations & Public Relations||10.17yrs||no data||no data|
Experienced Management: AOX's management team is seasoned and experienced (13.1 years average tenure).
|Independent Vice Chairman of the Supervisory Board||3.67yrs||no data||no data|
|Independent Supervisory Board Member||3.5yrs||no data||no data|
|Independent Supervisory Board Chairman||4.17yrs||no data||no data|
|Independent Supervisory Board Member||8.75yrs||no data||no data|
|Independent Supervisory Board Member||8.25yrs||no data||no data|
|Independent Supervisory Board Member||4.5yrs||no data||no data|
Experienced Board: AOX's board of directors are considered experienced (4.3 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: €2.405b
- Shares outstanding: 177.59m
- 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 a German stock corporation in the legal form of a Real Estate Investment Trust (REIT), which invests in office real estate in the major German economic centers. REITs are long-term portfolio holders of real estate assets and are characterized by solid balance sheet structures and high payout ratios. The legal basis for German REITs can be found in the REIT Act. As a fully integrated company, we manage our properties throughout their life cycle. From the acquisition to letting, ongoing management, modernization up to the possible sale we possess all expertise around the property.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/04 20:55|
|End of Day Share Price||2020/07/03 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.