New Risk • Jun 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 65% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Share price has been volatile over the past 3 months (8.2% average weekly change). Market cap is less than US$100m (€12.1m market cap, or US$13.8m). New Risk • Apr 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 65% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Market cap is less than US$100m (€17.3m market cap, or US$20.4m). Price Target Changed • Jan 16
Price target decreased by 63% to €1.50 Down from €4.07, the current price target is provided by 1 analyst. New target price is 111% above last closing price of €0.71. Stock is down 58% over the past year. The company posted a net loss per share of €1.18 last year. Price Target Changed • Nov 18
Price target decreased by 63% to €1.50 Down from €4.07, the current price target is provided by 1 analyst. New target price is 53% above last closing price of €0.98. Stock is down 4.9% over the past year. The company posted a net loss per share of €1.18 last year. Reported Earnings • Oct 01
First half 2025 earnings released: €0.19 loss per share (vs €0.30 loss in 1H 2024) First half 2025 results: €0.19 loss per share (improved from €0.30 loss in 1H 2024). Net loss: €3.30m (loss narrowed 39% from 1H 2024). Revenue is forecast to grow 45% p.a. on average during the next 3 years, compared to a 19% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance. Price Target Changed • Sep 23
Price target decreased by 63% to €1.50 Down from €4.07, the current price target is provided by 1 analyst. New target price is 34% above last closing price of €1.12. Stock is up 7.7% over the past year. The company posted a net loss per share of €1.18 last year. Duyuru • Jun 17
Grounds Real Estate May Manage Assets of Insolvent Ziegert German residential property specialist The Grounds Real Estate Development AG (XTRA:AMM) said that it may take over the asset management for individual companies of insolvent property developer Ziegert Group (Ziegert Group Holding Gmbh). The Grounds Real Estate Development is in talks regarding asset management with US private equity firm HIG Capital Group (H.I.G. Capital, LLC), which is set to acquire Ziegert’s companies. The acquisition is currently under review by the German Federal Cartel Office. The potential asset management deal between HIG and the Grounds is subject to a positive outcome of the regulatory review and the parties agreeing on the terms. Duyuru • May 19
The Grounds Real Estate Development AG, Annual General Meeting, Jun 23, 2025 The Grounds Real Estate Development AG, Annual General Meeting, Jun 23, 2025, at 13:00 W. Europe Standard Time. Reported Earnings • May 02
Full year 2024 earnings released: €0.59 loss per share (vs €0.79 loss in FY 2023) Full year 2024 results: €0.59 loss per share. Revenue: €13.6m (down 43% from FY 2023). Net loss: €10.7m (loss widened 52% from FY 2023). New Risk • Apr 14
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 51% per year over the past 5 years. Shareholders have been substantially diluted in the past year (178% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (€28.7m market cap, or US$32.5m). Duyuru • Feb 26
The Grounds Real Estate Development AG Appoints Andrew Wallis as Chief Financial Officer, Effective March 1, 2025 The Supervisory Board of The Grounds Real Estate Development AG appointed Andrew Wallis as Chief Financial Officer (CFO) of the company with effect from 1 March 2025. In future, Wallis will manage the company together with Jacopo Mingazzini (CEO), who had temporarily managed the business alone since May 2023. Andrew Wallis has worked for Merrill Lynch, JP Morgan and HSBC, among others. He was Deputy CEO of Aroundtown S. A. in Berlin from 2014 to 2020. Since 2020, he has acted as a consultant on a number of M&A projects, and took on operational restructuring mandates in which he assumed interim management or board responsibility in the companies involved on several occasions. New Risk • Feb 09
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 178% This is considered a major 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 51% per year over the past 5 years. Shareholders have been substantially diluted in the past year (178% increase in shares outstanding). Minor Risk Market cap is less than US$100m (€32.1m market cap, or US$33.2m). Duyuru • Jan 23
the Grounds Real Estate Development AG Announces Supervisory Board Changes The Grounds Real Estate Development AG announced a personnel change on its supervisory board after successfully completing its capital measures. The new partnership between H.I.G. and The Grounds is now also going to be supported on personnel level by appointment of Mr. Stelios Theodosiou, Managing Director at H.I.G. Realty Partners, London and Mr. Daniel Wöhler, Director and Head of DACH at H.I.G. Realty Partners, London, to the supervisory board of The Grounds. They are replacing Messrs Thomas Bergander and Eric Mozanowski on the board. Mr. Mozanowski will stay with The Grounds as one of its largest shareholders through ZuHause Immobilien Handelsgesellschaft mbH. New Risk • Dec 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 51% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Market cap is less than US$100m (€10.8m market cap, or US$11.4m). New Risk • Oct 17
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €9.08m (US$9.86m) This is considered a major 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 51% per year over the past 5 years. Market cap is less than US$10m (€9.08m market cap, or US$9.86m). Reported Earnings • Oct 01
First half 2024 earnings released: €0.30 loss per share (vs €0.05 loss in 1H 2023) First half 2024 results: €0.30 loss per share (further deteriorated from €0.05 loss in 1H 2023). Revenue: €8.71m (down 46% from 1H 2023). Net loss: €5.40m (loss widened €4.56m from 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. Duyuru • Aug 14
The Grounds Real Estate Development AG, Annual General Meeting, Sep 19, 2024 The Grounds Real Estate Development AG, Annual General Meeting, Sep 19, 2024, at 11:00 W. Europe Standard Time. Reported Earnings • May 02
Full year 2023 earnings released: €0.39 loss per share (vs €0.066 profit in FY 2022) Full year 2023 results: €0.39 loss per share (down from €0.066 profit in FY 2022). Revenue: €24.5m (down 33% from FY 2022). Net loss: €7.03m (down €8.20m from profit in FY 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 16% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. New Risk • Apr 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (8.4% average weekly change). Market cap is less than US$100m (€11.8m market cap, or US$12.6m). New Risk • Apr 09
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (€11.0m market cap, or US$11.9m). New Risk • Mar 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Market cap is less than US$100m (€10.3m market cap, or US$11.2m). Price Target Changed • Feb 01
Price target increased by 28% to €2.60 Up from €2.04, the current price target is provided by 1 analyst. New target price is 249% above last closing price of €0.74. Stock is down 58% over the past year. The company posted earnings per share of €0.066 last year. Duyuru • Oct 15
The Grounds Real Estate Development AG announced that it has received funding from H.I.G. Capital, LLC The Grounds Real Estate Development AG announced that it has received an investment from new investor, H.I.G. Capital, LLC on October 13, 2023. Reported Earnings • Sep 28
First half 2023 earnings released: €0.05 loss per share (vs €0.08 profit in 1H 2022) First half 2023 results: €0.05 loss per share (down from €0.08 profit in 1H 2022). Revenue: €16.2m (down 24% from 1H 2022). Net loss: €840.0k (down 158% from profit in 1H 2022). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 14% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 24% per year whereas the company’s share price has fallen by 27% per year. Duyuru • Sep 22
The Grounds Real Estate Development AG Provides Earnings Guidance for Full Year 2023 The Grounds Real Estate Development AG provided earnings guidance for full year 2023. Company maintains its previous forecast for the full year, which assumes sales revenues of between EUR 40 million and EUR 45 million and an EBIT of EUR 4 million to EUR 5 million. Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €1.07, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 7x in the Real Estate industry in Germany. Total loss to shareholders of 42% over the past three years. Valuation Update With 7 Day Price Move • May 31
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €1.31, the stock trades at a trailing P/E ratio of 19.9x. Average trailing P/E is 17x in the Real Estate industry in Germany. Total returns to shareholders of 5.6% over the past three years. Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €1.44, the stock trades at a trailing P/E ratio of 21.9x. Average trailing P/E is 16x in the Real Estate industry in Germany. Negligible returns to shareholders over past three years. Reported Earnings • May 01
Full year 2022 earnings released: EPS: €0.07 (vs €0.29 in FY 2021) Full year 2022 results: EPS: €0.07 (down from €0.29 in FY 2021). Revenue: €37.6m (up 19% from FY 2021). Net income: €1.17m (down 77% from FY 2021). Profit margin: 3.1% (down from 16% in FY 2021). Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 35% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Buying Opportunity • Mar 16
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 26%. The fair value is estimated to be €1.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last 3 years. Earnings per share has grown by 45%. Revenue is forecast to grow by 37% in 2 years. Earnings is forecast to grow by 13% in the next 2 years. Price Target Changed • Nov 16
Price target decreased to €2.85 Down from €3.10, the current price target is an average from 2 analysts. New target price is 36% above last closing price of €2.10. Stock is down 3.7% over the past year. The company is forecast to post earnings per share of €0.23 for next year compared to €0.29 last year. Price Target Changed • Sep 27
Price target decreased to €3.10 Down from €3.70, the current price target is an average from 2 analysts. New target price is 58% above last closing price of €1.96. Stock is down 8.4% over the past year. The company is forecast to post earnings per share of €0.23 for next year compared to €0.29 last year. Reported Earnings • Sep 24
First half 2022 earnings released: EPS: €0.08 (vs €0.01 in 1H 2021) First half 2022 results: EPS: €0.08 (up from €0.01 in 1H 2021). Revenue: €21.7m (up 341% from 1H 2021). Net income: €1.44m (up €1.35m from 1H 2021). Profit margin: 6.6% (up from 1.9% in 1H 2021). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 11% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Duyuru • Sep 01
The Grounds Real Estate Development AG (XTRA:AMMN) agreed to acquire Residential property in Berlin-Lichtenberg. The Grounds Real Estate Development AG (XTRA:AMMN) agreed to acquire Residential property in Berlin-Lichtenberg on Aug 31, 2022. Duyuru • Aug 24
The Grounds Real Estate Development AG to Report First Half, 2022 Results on Sep 23, 2022 The Grounds Real Estate Development AG announced that they will report first half, 2022 results on Sep 23, 2022 Reported Earnings • Apr 21
Full year 2021 earnings released: EPS: €0.29 (vs €0.22 in FY 2020) Full year 2021 results: EPS: €0.29 (up from €0.22 in FY 2020). Revenue: €31.6m (up 1.0% from FY 2020). Net income: €5.10m (up 42% from FY 2020). Profit margin: 16% (up from 12% in FY 2020). Over the next year, revenue is forecast to grow 17%, compared to a 8.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Price Target Changed • Mar 23
Price target increased to €3.90 Up from €3.55, the current price target is an average from 2 analysts. New target price is 67% above last closing price of €2.34. Stock is down 5.6% over the past year. The company is forecast to post earnings per share of €0.16 for next year compared to €0.22 last year. Executive Departure • Sep 01
Supervisory Board Member Hansjorg Plaggemars has left the company On the 27th of August, Hansjorg Plaggemars' tenure as Supervisory Board Member ended after 1.3 years in the role. We don't have any record of a personal shareholding under Hansjorg's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.42 years, which is considered inexperienced in the Simply Wall St Risk Model. Is New 90 Day High Low • Dec 17
New 90-day high: €3.00 The company is up 44% from its price of €2.08 on 18 September 2020. The German market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 16% over the same period. Is New 90 Day High Low • Nov 26
New 90-day high: €2.36 The company is up 23% from its price of €1.92 on 28 August 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 13% over the same period. Duyuru • Nov 20
The Grounds Real Estate Development AG Announces Change in the Supervisory Board with effect as of the end of 2020 The Grounds Real Estate Development AG announced that there will be a change in the Supervisory Board with effect as of the end of the calendar year. Prof. Dr. Winfried Schwatlo has relinquished his mandate as of 31 December 2020. Armin H. Hofmann is to be appointed as a member of the Supervisory Board as Prof. Schwatlo's successor through judicial appointment, initially until the end of the next Ordinary General Meeting. Duyuru • Nov 02
The Grounds Real Estate Development AG Appoints Thomas Schäfer-Aabakke as Head of Corporate Finance & Accounting As of 1 November 2020, Thomas Schäfer-Aabakke has become the Head of Corporate Finance & Accounting for The Grounds Real Estate Development AG. Mr. Schäfer-Aabakke brings long-term experience in the area of corporate finance and in the real estate sector to the job. Prior to his transfer to The Grounds, Schäfer-Aabakke spent several years with Accentro Real Estate AG, initially as consultant for group accounting /IFRS after joining the company in July 2015 before becoming Head of Corporate Finance while also put in charge of group accounting in 2016 and eventually being made an authorised signatory in January of 2019. He played a definitive part in the successful positioning of Accentro Real Estate AG on the capital market and in the continued growth of the company. Duyuru • Jul 18
The Grounds Real Estate Development AG (XTRA:AMMN) acquired 89.9% stake in Capstone Opportunities AG for €3.7 million. The Grounds Real Estate Development AG (XTRA:AMMN) acquired 89.9% stake in Capstone Opportunities AG for €3.7 million on July 15, 2020. As consideration, The Grounds Real Estate Development will issue 2.7 million shares.
The Grounds Real Estate Development AG (XTRA:AMMN) completed the acquisition of 89.9% stake in Capstone Opportunities AG on July 15, 2020.