Last $38.46 USD
Change Today 0.00 / 0.00%
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As of 4:30 PM 01/21/14 All times are local (Market data is delayed by at least 15 minutes).

aareal bank ag (AAALF) Key Developments

Aareal Bank AG, Q2 2014 Earnings Call, Aug 12, 2014

Aareal Bank AG, Q2 2014 Earnings Call, Aug 12, 2014

Aareal Bank Group Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Year 2014

Aareal Bank Group reported consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company's profit rose to EUR 34 million against EUR 21 million a year ago. Net interest income was EUR 169 million against EUR 126 million a year ago. The increase was particularly due to the higher lending volume, also in conjunction with the acquisition of Corealcredit. For the six months, the company's operating profit was EUR 282 million. Net income attributable to shareholders of the company was EUR 231 million. Net interest income was EUR 313 million against EUR 247 million a year ago. For the year 2014, the company is slightly increasing its original profit forecast of between EUR 370 million and EUR 390 million. Operating profit to be generated at the upper end of a range between EUR 380 million and EUR 400 million. Net interest income to be at the upper end of the forecasted EUR 610 million to EUR 640 million range.

Aareal Bank And Berlin Hyp Immobilien Reportedly Eye Westdeutsche

Aareal Bank AG (XTRA:ARL) and Berlin Hyp Immobilien are eyeing acquisition of Westdeutsche ImmobilienBank AG (‘Westimmo’), which is being sold by Erste Abwicklungsanstalt (‘EAA’), Reuters reported, quoting people in the know. The sale process is run by JPMorgan Chase & Co (NYSE:JPM) which stated that Westdeutsche had garnered a dozen expressions of interest, Reuters said. The vendor wants to complete the move by year-end 2014, it added. One of the sources told the Reuters that EAA had picked several suitors, with bids due by an August deadline. Another person said that some of the competitors for Westimmo were offering a price of over €300 million. According to the insiders, buyout firms such as The Blackstone Group L.P. (NYSE:BX), Kohlberg Kravis Roberts & Co. (NYSE:KKR) and Apollo Global Management, LLC (NYSE:APO) had expressed interest in Westimmo by late May 2014.

Aareal Bank AG Approves to Pay Dividend for the Financial Year 2013

Aareal Bank AG at the Annual General Meeting held on 21 May 2014 approved the payment of a dividend of EUR 0.75 per share for the 2013 financial year.

Aareal Bank AG, Q1 2014 Earnings Call, May 07, 2014

Aareal Bank AG, Q1 2014 Earnings Call, May 07, 2014

 

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Valuation AAALF Industry Range
Price/Earnings 6.6x
Price/Sales 3.1x
Price/Book 0.8x
Price/Cash Flow 6.6x
TEV/Sales NM Not Meaningful
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