Company Name: UBM Development AG ISIN: AT0000815402   Reason for the research: Update Recommendation: Buy from: 17.10.2024 Target price: EUR 27.00 Target price on sight of: 12 months Last rating change: Analyst: Philipp Sennewald Good exchange result for new green bond Topic: UBM recently announced the planned issue of a furthe [ … ]

Company Name: UBM Development AG ISIN: AT0000815402   Reason for the research: Update Recommendation: Buy from: 30.08.2024 Target price: EUR 27.00 Target price on sight of: 12 months Last rating change: Analyst: Philipp Sennewald Improved total output + residential recovery in sight, chg. UBM released Q2 results, showing a steep [ … ]

Market reopening still pending / chg. Yesterday, UBM released muted Q1 results following the continued standstill on the European real estate transaction market. Yet, the company was able to dispose some smaller non-strategic assets. Q1 sales increased on a low level by 14% yoy to € 20.4m (eNuW: € 25m) and were predominantly driven  [ … ]

Remaining in pole position for market reopening / chg. UBM released final FY 2023 results which were in line with the preliminary figures published in March. FY sales came in at € 85.3m (eNuW: € 87.9m), implying a yoy decline of 36%. This is again mainly explained by the ongoing weakness of the real estate transaction market, which re [ … ]

Remaining in pole position for market reopening / chg. UBM released final FY 2023 results which were in line with the preliminary figures published in March. FY sales came in at € 85.3m (eNuW: € 87.9m), implying a yoy decline of 36%. This is again mainly explained by the ongoing weakness of the real estate transaction market, which re [ … ]

FY ’23 prelims: EBT below est. due to higher devaluation / chg. UBM released preliminary FY ’23 figures, which came in below our estimates following higher than anticipated devaluations of the company’s development as well as standing asset portfolio. Management now expects an EBT loss of € 39m (vs eNuW of € -23.6m v [ … ]

Off to a good start / Muted Q4’23 expected; chg Yesterday, UBM announced to have received the building permit for the Timber Peak project in Mainz. Once completed, the 12-storey-building will exceed a height of 40 metres and will have c. 9,500 sqm gross floor area. The building will be equipped with heat pumps, heating and cooling panels, [ … ]

Q3 displays ongoing transaction market standstill, chg. Yesterday, UBM released another uninspiring set of quarterly results as the real estate transaction market continues to be in a complete standstill as volumes in Europe decreased another 16% qoq. Still, positive news came from several building permits that were granted during the quarter.  [ … ]