Adler Group SA (OTCPK:ADPPF)

$ 0.35 0 (0%) Market Cap: 56.57 Mil Enterprise Value: 6.28 Bil PE Ratio: 0 PB Ratio: 0 GF Score: 60/100

Q2 2024 Adler Group SA Earnings Call Transcript

Aug 29, 2024 / 08:00AM GMT

Release Date Price: $0.2739

Transcript

Key Points

Positve

Adler Group SA (WBO:ADJ) achieved a strong like-for-like rental growth of 4.6% year-on-year.
Operational vacancy rates remained low at 1.8%, indicating high occupancy levels.
The company successfully extended bank loans totaling EUR261 million, eliminating 2024 maturities.
Net cash of EUR26 million was generated from the disposal of the Leipzig development project.
Received overwhelming support from bondholders and shareholders for the comprehensive recapitalization plan.

Negative

Group net rental income decreased by 4% to EUR103 million in H1 2024.
Portfolio value decreased by 2.1% in the first half of 2024.
Development portfolio value decreased by 5.9% due to rising construction costs and low transaction levels.
FFO 1 from rental activity was negative at minus EUR54 million, driven by increased interest expenses.
EPRA LTV increased to 105.7%, reflecting negative development of group equity.

Julian Mahlert

Adler Group SA - Head of IR & Public Relations

Good morning, everyone. Thank you for joining us here today for the Adler Group H1 2024 results call. Along with along with me, as always, we have our CEO Thierry Beaudemoulin; and our CFO, Thomas Echelmeyer, will now guide us through today's presentation. This presentation will be followed by a Q&A session in which the management team will your answer questions.

Please note that this call will be recorded and made available on the company's website where you can also download today's presentation. With that, I would like to hand you over to Thierry.

Thierry Beaudemoulin

Adler Group SA - Chief Executive Officer and Daily Manager, Director

Thank you, Julian. Welcome, everyone, and thanks for joining us here today. Let's start with the restructuring plan update on page 4. You will recognize this slide from our Q1 results presentation. It summarizes the key pillar of our comprehensive recapitalization that we agreed with our bondholders in May this year. The message remains the same.

Already have an account? Log in

Get the full story

Start 7-Day Free Trial

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

30-Day 100% money back guarantee

You are not charged until the trial ends. Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App 中文

Education

Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Site Map Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.