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Aareal Bank considers IPO, sale or acquisitions and sets aside €160m risk provision

Aareal Bank says it will actively review strategic options, including an IPO, a sale to strategic or financial investors, or the takeover of another bank; reports indicate there were talks about a possible takeover of Hamburg Commercial Bank. CEO Christian Ricken says initial preparations for an IPO are already underway. As a safeguard the bank has created an additional €160 million risk provision, which, according to risk board member Nina Babic, is largely not based on bad loans. Operating income for the first nine months fell to €143 million (previous year €306 million); the NPL portfolio stood at around €1.2 billion, about half of which is in the exit process with a prospect of falling below €1 billion by year-end. » More on handelsblatt.com
Aareal Bank considers takeover of Hamburg Commercial Bank

According to insiders, Aareal Bank is in talks about a possible takeover of Hamburg Commercial Bank; a deal could be completed this year but is uncertain. HCOB investors such as Cerberus are working with advisers on a sale, while Aareal’s owners Advent and Centerbridge support the discussions and are considering a dual-track approach. A process could start next year and could result in either a sale or an IPO of Aareal. In the first half, Aareal Bank’s net profit fell to €126m (down 5%), while HCOB’s rose to €168m (up by more than one fifth). » More on handelsblatt.com
Aareal Bank considers return to the stock market or sale to strategic investors

CEO Christian Ricken says a return of Aareal Bank to the stock market is possible and names an IPO as an exit route. Alternatively, a sale to strategic investors is conceivable after a consortium led by Advent International and Centerbridge took the bank private in 2023. Ricken described Aareal Bank as an attractive, highly profitable business for potential buyers. » More on handelsblatt.com

Historical dividends Dividends

All dividend metrics All metrics

In 2003, Aareal Bank has already paid €0.39 in dividends. The last payout was in June 2003.

Financials

In the last year, Aareal Bank had revenue of €1.06B and net profit of €153M

(EUR)	2022	YoY
Revenue	1.06B	21.09%
Gross profit	1.06B	21.09%
Net profit	153M	128.36%
EBITDA	796M	294.06%

Fundamentals

Metric	Value
Market capitalization	€1.98B
Number of shares	59.86M
52-week high/low	€34.40 - €32.30
Dividends	No
Beta	1.05
P/E ratio	14.31
PEG ratio	0.24
P/B ratio	0.62
P/S ratio	1.87

Company profile

Aareal Bank AG, together with its subsidiaries, provides financing, software products, digital solutions, and payment transaction applications for the property sector and related industries in Germany, North America, Asia Pacific, and internationally. The company operates through three segments: Structured Property Financing, Banking & Digital solutions, and Aareon. The Structured Property Financing segment offers property financing and refinancing solutions for office buildings, hotels, and shopping centers, as well as retail, logistics, residential properties, and student housing. This segment also provides deposits, registered and bearer Pfandbriefe, promissory note loans, medium-term notes, debt securities, private placements, other bonds and subordinated issues, mortgage Pfandbriefe, and public sector Pfandbriefe. The Banking & Digital solutions segment offers various services and products for the housing, commercial property, and energy and waste disposal industries. Its services include specialized banking, payment systems, and optimized business processes. The Aareon segment provides IT systems consultancy and related advisory services, enterprise resource planning systems, software solutions, hosting and software as a service, and in-house services. Aareal Bank AG was incorporated in 1923 and is headquartered in Wiesbaden, Germany.