Report

RCM Beteiligungs - Muted transaction activity in H121

RCM Beteiligungs (RCM) recorded group revenues of €1.6m in H121 (versus €10.2m in H120), as the group has not sold any property in the period. In H120 disposals contributed €8.4m to revenue and translated into €3.5m disposal gains. RCM reported rental income of €0.7m in H121 derived from its residential and commercial property portfolio valued at c €18.5m (based on company data as at August 2021). According to management the H221 results will be assisted by €1.9m in revaluation gains on its equity holdings.
Underlying
RCM Beteiligungs AG

RCM Beteiligungs AG is a Germany-based investment company that invests in real estate and third companies. In the real estate segment, the Company focuses on residential real estate properties in Eastern Germany. The Company operates through SM Wirtschaftsberatung AG, SM Capital AG, SM Domestic Property AG, Krocker GmbH Dresden and Apollo Hausverwaltung GmbH Dresden.

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
Pedro Fonseca

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