Report

- As good as it gets

Deutsche Grundstücksauktionen (DGA) is at full throttle as longstanding operational excellence combines with favourable macro factors. Continuous high demand for property is being supplemented by effective promotion of auctions as a distribution channel, higher margin online business and likely growing recurrent income from enhanced public sector contracts. Strong finances (debt-free) should further allow continued generous dividends by a management team evidently sympathetic to investor yield considerations.
Underlying
Deutsche Grundstuecksauktionen

Deutsche Grundstuecksauktionen AG. Deutsche Grundstuecksauktionen AG is a Germany-based operator of real estate auction houses. The Company operates a network of local agencies and local representatives across Germany. Its services portfolio includes, amonog others, property transfer, contract management, insurance check, vacancy and rental management, re-renting of vacancies, property management, technical facility management, support and supervision of repair and modernization measures, dunning processes, operation costs consulting, handling and monitoring of monetary transaction, rent and costs bookkeeping, administration and accounting of rent deposits and preparation of auction for payment or possession and other legal cases.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts
Richard Finch

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