2014:
From concept to completion, permitting, design etc. 9 months to build. Relationship with local governments. Buying neighboring land plots "landbank"
Different customer modules CTBox, CTOffice, etc. Plug and play.
2 m sq. m2 (Gross Lettable Land? GLA) in 2014
8-10% growth per year
2022 10m m2 GLA landbank 16,3m m2
Yield on Cost 11% Green bond EUR 1b at 1,9%
EPS EPRA EUR 0,5 2021
NAV EUR 9,- per share
Stock price EUR 16, -
Bought Deutsche Industrie REIT on stock market for EUR 800m well under replacement cost? (why was the share price so low?) accretive for earnings right away.
Results on March 9th.
| EPRA net tangible assets per share | 2021 €12.06 | 2020 €8.32 | 45% |
Conclusion: Seems like an intelligent founder led organisation that understands their business.
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