DIC Asset AG : More value visible in DIC than before through SOTP valuation
>We revisited our model and changed our valuation to a SOTP - We have revisited our model on DIC and changed our valuation methodology to a SOTP valuation from an EPRA NAV and P/FFO peer group valuation. This was due to DIC´s hybrid business model where we now separately value the institutional business unit (asset management for third parties) and the commercial property unit (DIC´s own commercial property portfolio), consolidating the value of these two units into o...DIC Asset along with its subsidiaries invests directly or indirectly in German commercial real estate and operates in the area of portfolio, asset and property management. Co.'s business segments include: commercial portfolio, which comprises portfolio properties owned by Co., which are leased long-term and offer attractive rental yields; and co-Investments, which comprises fund investments, investments in project developments and joint venture investments. As of Dec 31 2013, Co. had six branches located in the Hamburg, Berlin, Dusseldorf, Frankfurt Am Main, Mannheim, and Munich.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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