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Moody's assigns Ba1 CFR to Summit Germany Limited; stable outlook
Rating Action: Moody's assigns Ba1 CFR to Summit Germany Limited; stable outlook. Global Credit Research- 15 Jan 2018. London, 15 January 2018-- Moody's Investors Service has today assigned a first-time corporate family rating of Ba1 to Summit Germany Limited, a publicly-listed commercial real estate company based in Germany.
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
Trading update confirms portfolio strength
Summit Germany owns a well-diversified portfolio of commercial property located in Germany's main commercial centres. The portfolio generates steady rental cashflow, with potential for material growth in both revenues and capital values through active asset management. The latest trading update confirmed robust portfolio performance this year and underpinned the outlook for FY16. The group's 103 assets, currently 87% occupied, generate €57m pa of net rent, with potentially another c €6m th...
H2 acquisitions underpin growth outlook
​Summit Germany (SGL) owns a well-diversified commercial property portfolio, located in Germany's main commercial centres. Its strategy is to actively manage its assets to improve net rent and capital values, and grow portfolio scale through acquisition. The recent interims confirmed the positive impact of actions taken to stabilise finances in 2014. Summit cut ongoing debt funding costs in half, maintained portfolio occupancy despite lease expiries, secured €6.3m rent from new leases/renewa...
Acquisitions to boost EPS from Q4
​Summit Germany (SGL) owns a well-diversified commercial property portfolio, located in Germany's main commercial centres. Its strategy is to actively manage its assets to improve net rent and capital values, and grow portfolio scale through acquisition. Indeed SGL recently reported two acquisitions that will potentially commit a significant proportion of the c €95m being held awaiting investment post February's €120m placing (at 70c/share). That cash currently earns only a negligible retu...
2014 on target; set for acquisitive 2015
Summit Germany (SGL) owns a well-diversified commercial property portfolio, located in Germany's main commercial centres. Its strategy is to actively manage its assets to improve rent and capital values, and grow the scale of its portfolio through acquisition. The FY14 results confirmed impressive progress against all performance targets set for the first year post IPO. Phase one, restructuring, is now complete. The emphasis now switches firmly to portfolio growth. It currently has €95m of cash...
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