September 20, 2014 4:28 PM ET

Real Estate Management and Development

Company Overview of Deutsche Annington Immobilien SE

Company Overview

Deutsche Annington Immobilien SE, together with its subsidiaries, invests in, owns, and manages residential real estate properties primarily in Germany. The company operates in two segments, Rental and Sales. It provides small and medium-sized apartments for various sections of people, as well as sells single residential units, and buildings or plots of land. The company also offers real estate-related services. It manages a total of 175, 258 own residential units; 40, 760 garages and parking spaces; and 1,076 commercial units, as well as 26,479 apartments for other owners. The company is headquartered in Bochum, Germany. Deutsche Annington Immobilien SE is a subsidiary of Monterey Holdings ...

Philippstrasse 3

Bochum,  44803

Germany

3,283 Employees

Phone:

49 234 314 0

Fax:

49 234 314 1314

Key Executives for Deutsche Annington Immobilien SE

Chairman of Management Board and Chief Executive Officer
Age: 49
Total Annual Compensation: $2.3M
Chief Financial Officer and Member of Management Board
Age: 53
Total Annual Compensation: $2.2M
Chief Operating Officer and Member of Management Board
Age: 52
Total Annual Compensation: $1.7M
Compensation as of Fiscal Year 2013.

Deutsche Annington Immobilien SE Key Developments

Deutsche Annington Immobilien SE, H1 2014 Earnings Call, Jul 31, 2014

Deutsche Annington Immobilien SE, H1 2014 Earnings Call, Jul 31, 2014

Deutsche Annington Immobilien SE Announces Changes in the Supervisory Board

Deutsche Annington Immobilien SE announced that Manuela Better, Lutz Basse, Dr. Florian Funck and Christian Ulbrich are to be appointed to the supervisory board. Manuela Better is the former CEO of Hypo Real Estate (HRE) as well as a former member of the board of directors the division of the Deutsche Pfandbrief AG (pbb). She was in charge of real estate analysis, marketing and rental. Better was responsible for risk management at Hypo Real Estate (HRE) for many years and has comprehensive expertise in real estate valuation. Better is also a member of the supervisory board of the AXA Konzern AG as well as the Deutsche EuroShop AG. Lutz Basse is an expert of many year's experience in the German housing industry. His responsibilities focus on value-oriented real estate management based on a high level of customer satisfaction, neighbourhood-focused district development concepts and appropriate rents as a precondition for full occupancy and sustainable economic success. Basse has additional supervisory roles in companies in the real estate and service industries. Besides that he is also active in housing industry associations. Dr. Florian Funck has been a member of the executive board at Franz Haniel & Cie. GmbH since 2011. In this role, he manages the areas of controlling, accounting, taxes, finances and general services. The achievement of the placement of a Eurobond by Franz Haniel & Cie. GmbH and the optimization of the maturity profile happened under his direction. He was also responsible for the significant reduction in Haniel's net financial liabilities. Funck is also represented on the Supervisory Board of Metro AG and TAKKT AG. Christian Ulbrich is CEO of Jones Lang LaSalle EMEA (Europe, Middle East and Africa). He is also a member of the executive board of Jones Lang LaSalle Inc. Ulbrich is an expert knowledge and a broad network within the German and global real estate industry and it’s capital markets. Upon their legal appointment, the new Supervisory Board members follow Robert Nicolas Barr, Arjan Breure, Fraser Duncan and Tim Pryce, who will step down from office as representatives of the former major shareholder, Terra Firma, on August 20, 2014.

Deutsche Annington Immobilien SE Reports Earnings Results for the First Six Months of 2014; Revises Earnings Guidance for Fiscal 2014

Deutsche Annington Immobilien SE reported earnings results for the first six months of 2014. Taking the DeWAG portfolio into account, the monthly in-place rent per square metre rose 3.9% from EUR 5.35 at the end of the first half of 2013 to EUR 5.56 at the end of the first half of 2014. Consequently the vacancy rate went down by 0.1% points to 3.8 %. Compared with the previous six months, FFO went up by a significant 26 % to EUR 130.3 million. This was mainly due to a decrease in interest expense and the DeWAG portfolio being incorporated from April 1 as scheduled. The net asset value (NAV) as at the June 30 reporting date increased by 5.4 % compared with the year-end figure to EUR 5,038.2 million. Due to its strong performance in the first half of the year, the company is in a position to make a significant improvement to its forecast. The company now expects FFO to total EUR 275-285 million in 2014, instead of EUR 250-265 million previously expected, of which around 70% is distributed as dividend as in the previous year.

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Date
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Merger/Acquisition
September 2, 2014
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Merger/Acquisition
August 19, 2014
77,000 Square Meters area south of the Almastraße in Gelsenkirchen-Ückendorf
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Residential and Commercial Units
 

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