314,103 Total Leasable SqFt. We provide a variety of equity capital solutions to our network of local operating partners ranging from controlling (majority equity), non-controlling (sponsor equity) and preferred equity positions (structured). Tel: +44 2077040880 Founders Matthew L. Adler. Email: adler@is.kroll.com, Attention: Paul Kamminga / Arlind Bytyqi Holders of 280,092,000 in aggregate principal amount of the Notes, representing 93.36% of the Notes currently outstanding, validly tendered their Notes and delivered their consent to the Proposed Amendments at or prior to 5:00 p.m., New York time, on May 22, 2023 (the Early Tender and Consent Date). ADLER Real Estate AG engages in the acquisition, management and sale of residential and commercial properties. BCP owns a property portfolio of residential units with a focus on larger cities in Germany. “2022 was a special and in many ways not an easy year for Adler Group. 135,653 Total Leasable SqFt. This cookie is set by the CMS (Content Management System) TYPO3 for the unmistakable identification of a user. Adler Group will implement the restructuring plan in a way that safeguards the interests of the creditors in the agreed manner. Our real estate portfolio comprises around 5,900 residential units in growth regions in Germany. FTSE EPRA/NAREIT Global Index, FTSE EPRA/NAREIT Developed Europe Index, FTSE EPRA/NAREIT Germany Index, Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; London, Luxembourg Stock Exchange, SIX, Disposals of portfolios in 2021 and 2022 with high impact on net rental income, Court decision allows implementation of restructuring plan as agreed with bondholders, Company expects net rental income in the range of €207-219m for 2023, Financial statements for 2022 are unaudited, restructuring plan envisages the issuance of audited consolidated financial statements and annual accounts for the financial year 2022 by 30 September 2024. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, 133,694 Total Leasable SqFt. We derive further revenue from portfolio sales and the marketing of flats for institutional investors and project developers. After the decision of the London High Court in April 2023, we are now able to implement our restructuring plan.”. The consolidated annual report is prepared according to International Financial Reporting Standards (IFRS). content In the meantime, an agreement has been concluded with a renowned auditing firm for the audit of the annual financial accounts for fiscal year 2022 of the subsidiary Adler Real Estate AG. Adler Group's residential portfolio proves resilience in challenging 2022 financial year. 23.05.2023 / 10:04 CET/CEST CV. If you are in any doubt as to the contents of this announcement or the Tender Offer and Consent Solicitation Memorandum or the action you should take, you are recommended to seek your own financial and legal advice, including in respect of any tax consequences, immediately from your stockbroker, bank manager, legal adviser, accountant or other independent financial adviser. 47,816 Total Leasable SqFt. Mr. Hughes is an Analyst at Blackbird, with responsibility for financial modeling, asset management, portfolio management, market research, and supporting all aspects of the acquisition and underwriting process. Get the full list », To view Adler Real Estate’s complete subsidiaries history, request access », To view Adler Real Estate’s complete esg history, request access », To view Adler Real Estate’s complete exits history, request access », Morningstar Institutional Equity Research. ADLER REAL ESTATE AKTIENGESELLSCHAFT ANNOUNCES EARLY RESULTS OF THE TENDER OFFER AND CONSENT SOLICITATION IN RESPECT OF ITS OUTSTANDING 300,000,000 2.125% NOTES DUE 2024 (ISIN / COMMON CODE: XS1731858715 / 173185871). Each of the Company and the Tender and Information Agent reserves the right, in its absolute discretion, to investigate, in relation to any tender of Notes for purchase pursuant to the Tender Offer, or submission of consent to the Consent Solicitation, whether any such representation given by a Holders is correct and, if such investigation is undertaken and as a result the Company determines (for any reason) that such representation is not correct, such tender will be rejected. storage of search settings or form data. The average rent per square-meter for the core portfolio comprising 26,202 units increased from €7.45 to €7.58 over the course of the year. ADL does not currently have a forward dividend yield. Luxembourg, 25 April 2023 - Despite a continued challenging environment, Adler Group S.A. ("Adler Group") achieved its targets concerning the development of its operating business in the fiscal year 2022. The communication of such documents and/or materials is exempt from the restriction on financial promotions under section 21 of the FSMA on the basis that it is only directed at and may be communicated to (i) persons who have professional experience in matters relating to investments, being investment professionals as defined in Article 19 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the Financial Promotion Order); (ii) persons who fall within Article 43(2) of the Financial Promotion Order; or (iii) any other persons to whom these documents and/or materials may lawfully be provided. 9100 Perimeter Woods Dr, Charlotte, NC 28216. The daily management of the portfolio continues to be in the hands of group companies like ADLER Wohnen Service GmbH, ADLER Gebaeude Service GmbH and ADLER Energie Service GmbH. Ft. under management: 6,745,178 Adler will be fully integrated as a core division of the group and will represent a significant part of its total assets and income. By clicking on "accept", you agree to the setting of cookies. Mr. Harloff was appointed Chairman of the Supervisory Board in September 2014. Business development in the first quarter of 2023 in line with expectations, Revenues and earnings in line with expectations despite difficult market conditions, Investors support refinancing transaction and pave way for further success course, Leading in Housing Privatisation in Germany. The majority of the revenue is generated from the Rental segment. The German residential real estate company recently wrapped its voluntary public takeover offer of Adler Real Estate AG. NONE OF THIS ANNOUNCEMENT OR THE TENDER OFFER AND CONSENT SOLICITATION MEMORANDUM OR ANY SUCH RELATED DOCUMENT HAS BEEN FILED WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION, NOR HAS ANY SUCH DOCUMENT BEEN FILED WITH OR REVIEWED BY ANY U.S. STATE SECURITIES COMMISSION OR REGULATORY AUTHORITY OF ANY OTHER COUNTRY. Axel Harloff was born in Hamburg in 1959, and holds a degree in business administration. EQS-News: Adler Real Estate AG 24300 Town Center Drive, Valencia, CA 91355. 108,744 Total Leasable SqFt. 3340 Scherer Drive, St. Petersburg, FL 33716. Alissa Adler Senior Vice President. This is due to the fact, that KMPG, which was mandated to audit the 2022 financial statements, unexpectedly informed Adler Group in May 2022 that it would no longer carry out the audit of the consolidated financial statements and the annual accounts of Adler Group and its group companies. 8226 Phillips Highway, Jacksonville, FL 32256. Our company was founded in 1993 and has been listed on the stock exchange since 2007. The stable outlook on ADO shows that the merged entity portfolio should continue to benefit from favorable demand trends for German residential property. The Other segment consists of historic holdings relating to development projects that are still in the process of being sold off. In my career, I have executed over $1.2 billion in real estate transactions . The Company is highly focused on a specific market sector, enabling it to generate favorable risk adjusted returns. All activities related to the management of properties due to be retained in the portfolio on a permanent basis are pooled in the Rental segment. Revenue) or per share (e.g. No guarantee can be given for the completeness, correctness and accuracy of the listed contents. 189,523 Total Leasable SqFt. Mr Harloff has been a member of the supervisory board of ACCENTRO Real Estate AG since 2014 and was appointed Chairman of the supervisory board in September 2014. PitchBook’s non-financial metrics help you gauge a company’s traction and growth using web presence and social reach. Investors also asked about his relationship with Dayan, the real estate investor who sold Israel-based ADO Group to Adler, a move that paved the way for the controversial three-way merger that . as part of forward sales). In addition, Axel Harloff is Chairman of the Supervisory Board of Consus Real Estate AG, a company also based in Berlin. 69,394 Total Leasable SqFt. NO AUTHORITY HAS PASSED UPON THE ACCURACY OR ADEQUACY OF THIS ANNOUNCEMENT OR THE TENDER OFFER AND CONSENT SOLICITATION MEMORANDUM OR ANY RELATED DOCUMENTS, AND IT IS UNLAWFUL AND MAY BE A CRIMINAL OFFENCE TO MAKE ANY REPRESENTATION TO THE CONTRARY. What was the fallout? Neither the delivery of the Tender Offer and Consent Solicitation Memorandum nor any purchase of Notes shall, under any circumstances, create any implication that there has been no change in the affairs of the Company since the date hereof, or that the information herein is correct as of any time subsequent to the date hereof. ADL’s beta can be found in Trading Information at the top of this page. Read more Annual General Meeting Each person in any Member State of the EEA, which has implemented the Prospectus Regulation (each, a Relevant Member State) who receives any communication in respect of the Offer contemplated in the Tender Offer and Consent Solicitation Memorandum will be deemed to have represented, warranted and agreed to and with the Company that it is a qualified investor within the meaning of the law in that Relevant Member State implementing Article 2(1)(e) of the Prospectus Regulation. Member of the Executive Board and Chief Investment Officer (CIO). 10430 Harris Oaks Blvd, Charlotte, NC 28269. The parent company now owns almost 97% of its shares, while the unit. This info isn't a recommendation for what you should personally do, so please don't take the data as investment advice. Mr Wolff is a member of the board of directors (CFO) of A.D.O. Used to temporarily store data for the visit. Privacy Policy and This segment also includes the expenses for craftsmen and caretaker services which are provided by the group internal Facility Management. Adler Real Estate Partners is an entrepreneurial real estate company pursuing a vertically integrated niche strategy which invests in multi-tenant light industrial and related business parks in growth markets in the United States. From an investment perspective, Mr. Adler has participated in the acquisition, financing and disposition of over 2 billion of real estate in the industrial, multifamily, office, retail, hospitality, and student housing sectors. For the purpose of this announcement, United States means the United States of America, its territories and possessions, any state of the United States of America and the District of Columbia. In advance of joining BVCM, Mr. Hosfield was with Crowe in Indianapolis where he performed audit and consulting services to both public and private financial institutions. At the end of the financial year 2022, on a like-for-like basis, the fair value of the yielding portfolio decreased by 1.9% compared to the end of previous year and amounted to €5.2bn, based on an independent third-party valuation. Adler Partners is a vertically integrated real estate investment company that focuses on the acquisition and operations of multi-tenant light-industrial and related business parks in the. Unlock Our Full Analysis With Morningstar Investor, Transparency is our policy. 510 E. Corporate Drive, Lewisville, TX 75057. Mr. Adler graduated from the University of Michigan Business School with a Bachelor of Business Administration. © Copyright 2023 Morningstar, Inc. All rights reserved. Its business model of the company comprises two fields of activity - Rental and Other. United Kingdom None of the Tender and Information Agent or the Company makes any recommendation as to whether Holders should participate in the Offer. PERSONS INTO WHOSE POSSESSION THE TENDER OFFER AND CONSENT SOLICITATION MEMORANDUM COMES ARE REQUIRED BY THE COMPANY AND THE TENDER AND INFORMATION AGENT TO INFORM THEMSELVES ABOUT, AND TO OBSERVE, ANY SUCH RESTRICTIONS. The ACCENTRO Real Estate AG is a listed real estate company and the market leader in residential property privatisation in Germany. PREOS Global Office Real Estate & Technology AG- Einladung virtuelle oHV am 25.08.2021. ADL’s historical performance Cookies sind kleine Textdateien, die Ihr Browser speichert, indem er diese auf Ihrem Rechner abgelegt. Carsten Wolff, a businessman who was born in Cologne in 1960, has been in charge of the accounting and finance department at ADLER Real Estate AG since early 2003. Office . Market Intelligence ISIN. “Additionally, the year was marked by the strategic portfolio disposals that we initiated back in 2021 and continued to implement last year. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive. The year was characterized by a challenging market environment with rising interest rates and prices as well as the ongoing shortage of supply and skilled labor, which placed a particular burden on real estate companies like Adler Group”, comments Thierry Beaudemoulin, CEO of Adler Group. Prior to joining Blackbird in 2020, Mr. Hughes was an Intern at IRC Retail Centers supporting the acquisitions and portfolio management teams. Descriptions in this news article were not prepared by S&P Global Ratings. An Analyst & Investor webcast and conference call will be held today, 25 April 2023, at 10.30am CET / 9.30am GMT. ADLER Real Estate AG (formerly Adlerwerke, formerly H. Kleyer AG) is a listed real estate company in Germany, formerly based in Luxembourg. He was responsible for the acquisition, asset management, and portfolio management activities of over $1 billion in institutional real estate assets. The score provides a forward-looking, one-year measure of credit Morningstar does not cover competitors or peers for this firm. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price. Axel Harloff was born in Hamburg in 1959, and holds a degree in business administration. Mr. Vender received a Bachelor of the Arts degree from Georgetown University. © 2023 PitchBook. The rating agency said that while the deal boosts ADO's portfolio size and scale, the enhanced scale is counterbalanced by Adler's lower asset quality, with a lower average rent per square meter and higher vacancy rates compared with ADO on a stand-alone basis. See the latest Adler Real Estate AG stock price (XHAN:ADL), related news, valuation, dividends and more to help you make your investing decisions. Mr Wolff is member of the supervisory board of ACCENTRO Real Estate AG since March 2020. This segment also includes the expenses for craftsmen and caretaker services which are provided by the group internal Facility Management. account day-to-day movements in market value compared to a company’s liability structure. Separately, Ratings affirmed Adler's BB issuer credit rating and removed the rating from CreditWatch. He is an industry veteran with almost 20 years of experience in management positions in the real estate sector and has a focus on residential real estate. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. Rosemont. Prior to joining BVCM, Mr. Adler worked as an Analyst in the Mergers Strategic Advisory Group for Goldman Sachs Group, Inc. in New York City from 2000 to 2002. 395,219 Total Leasable SqFt. The Tender and Information Agent (and its respective directors, employees or affiliates) make no representations or recommendations whatsoever regarding this announcement, the Tender Offer and Consent Solicitation Memorandum or the Offer. Any tender of Notes for purchase pursuant to the Offer from a Holders that is unable to make these representations will be rejected. The goal is to present audited financial accounts for fiscal years 2022 and 2023 latest by 30 September 2024. The main activities are the purchase and management of residential real estate all over Germany. Adler Group will implement the restructuring plan in a way that safeguards the interests of the creditors in the agreed manner. Dr. Gordon Geiser is a member of the Management Board and Chief Investment Officer (CIO) of ACCENTRO Real Estate AG. ADLER Real Estate AG engages in the acquisition, management, and marketing of residential and commercial properties. 132,102 Total Leasable SqFt. CV. Holders of such Notes shall receive the Total Consideration plus any Accrued Interest on or about May 26, 2023. In 2014, Mr Ganiyev founded Vestigo Capital in London as a private investment company focusing mainly on real estate and renewable energy. Investor Relations Accessibility. Funds from operations from rental activities (FFO 1) amounted to €86.8m in 2022 (2021: €137.1m), which was in line with the guidance range of €84-88m. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. 277,596 Total Leasable SqFt. 306,725 Total Leasable SqFt. Dividend yield allows investors, particularly . Moderate use of leverage, typically from balance sheet lenders, is utilized. The company owned about 52.000 residential units in 2020. How we use your information depends on the product and service that you use and your relationship with us. A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. With a proven track record, Adler Real Estate Partners is an entrepreneurial real estate company pursuing a vertically integrated niche strategy which invests in multi-tenant light industrial and related business parks. Call now Location. We derive further revenue from portfolio sales and the marketing of flats for institutional investors and project developers. Mr Ganiyev started his career on Wall Street in 2003 and since then worked for various international investment companies where he led transactions in food, agriculture, real estate and hospitality sectors. KPMG has ditched struggling German real estate giant Adler as an audit client less than an hour after the company told investors it was in "very professional discussions" with the Big Four. Public Fundamental Data provided by Morningstar, Inc. You’re viewing 3 of 6 executive team members. Join to view profile Adler Real Estate Partners . These products and services are usually sold through license agreements or subscriptions. 376,551 Total Leasable SqFt. 16155 Park Row Boulevard, Houston, TX 77084. He is jointly responsible for Transactions as well as responsible for liquidity management. Please use this link for the webcast: https://media.choruscall.eu/mediaframe/webcast.html?webcastid=TxAAbpR4, Investor Relations:T +352 278 456 710F +352 203 015 00E investorrelations@adler-group.com, 25.04.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.Archive at www.eqs-news.com, Adler Group S.A. 55 Allée Scheffer L-2520 Luxembourg Grand Duchy of Luxembourg, T +352 278 456 710 F +352 203 015 00 E investorrelations@adler-group.com.