Edison Investment Research - Phoenix Spree Deutschland Fund (PSDL) Phoenix Spree Deutschland - Progress in a more challenging environment

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Edison Investment Research

Martyn King

Phoenix Spree Deutschland - Progress in a more challenging environment

In an increasingly challenging environment, Phoenix Spree Deutschland (PSDL) has reported ongoing growth in rents and portfolio values for H122. Demographic trends within the Berlin residential market remain positive and the company continues to unlock reversionary rent potential. Rising interest rates and increased uncertainties have nonetheless slowed condominium notarisations. We will review our forecasts with the interim results that PSDL expects to release during the last week of September.

08/08/2022 1 EN

Underlying

Phoenix Spree Deutschland Fund

Phoenix Spree Deutschland is an investment company engaged in acquiring and managing residential property, as well as commercial property in Berlin and other German secondary cities. The majority of commercial property within the portfolio is located within residential and mixed-use properties. Co.'s portfolio mainly consists of classic ‘alt-bau' properties which are buildings built before 1914.

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JE00B248KJ21 London Stock Exchange Jersey

Provider

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

Martyn King

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Phoenix Spree Deutschland - Progress in a more challenging environment

Phoenix Spree Deutschland - Accelerating the unlocking of value

Phoenix Spree Deutschland - One city but two tales

Phoenix Spree Deutschland - To buy or to rent?

Pan African Resources - Analysing H224 and looking forward to FY25

Greencoat Renewables - Efficient capital allocation and increasing demand

Henderson International Income Trust - Buying into the rapid spread of technology

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