Report

An experienced investor in German real estate

publity is an asset manager with long-term experience of investing in German office buildings. It is the largest servicer of non-performing loans (NPLs) in Germany and is able to acquire assets from restructuring German banks. It focuses entirely on asset management and is not distracted by property and facility management. It evaluates and analyses more than 1,000 assets per year, acquiring individual assets for its clients, rather than making portfolio acquisitions. It currently has AUM of €3bn and a potential deal pipeline of more than €26bn. Current valuations are attractive relative to sector comparatives, despite having the highest yield in its peer group.
Underlying
Publity AG

Publity AG is a Germany-based real estate investment company with focus on commercial and office properties in German metropolitan areas, such as Frankfurt am Main, Cologne, Hamburg, Leipzig, Essen and Munich. The Company offers closes real estate funds, such as publity Performance Fonds Nr. 6, publity Performance Fonds Nr. 7, publity Performance Fonds Nr. 8.

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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