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alstria office REIT-AG

BATS-CHIXE:AOXD
Snowflake Description

Fair value with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AOXD
BATS-CHIXE
€3B
Market Cap
  1. Home
  2. GB
  3. Real Estate
Company description

alstria office REIT-AG is a German stock corporation in the legal form of a Real Estate Investment Trust (REIT), which invests in office real estate in the major German economic centers. The last earnings update was 43 days ago. More info.


Add to Portfolio Compare Print
  • alstria office REIT-AG has significant price volatility in the past 3 months.
AOXD Share Price and Events
7 Day Returns
8.7%
BATS-CHIXE:AOXD
7.3%
GB REITs
5.3%
GB Market
1 Year Returns
-3.6%
BATS-CHIXE:AOXD
-16.7%
GB REITs
-21.5%
GB Market
AOXD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
alstria office REIT-AG (AOXD) 8.7% -15.2% -18.9% -3.6% 15.5% 1.3%
GB REITs 7.3% -12.4% -23.2% -16.7% -16.8% -21.5%
GB Market 5.3% -6.5% -25.2% -21.5% -22.4% -21.9%
1 Year Return vs Industry and Market
  • AOXD outperformed the REITs industry which returned -16.7% over the past year.
  • AOXD outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -21.5% over the past year.
Price Volatility
AOXD
Industry
5yr Volatility vs Market

Value

 Is alstria office REIT-AG undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for alstria office REIT-AG. This is due to cash flow or dividend data being unavailable. The share price is €13.6.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for alstria office REIT-AG's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are alstria office REIT-AG's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:AOXD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €3.27
XTRA:AOX Share Price ** XTRA (2020-04-08) in EUR €14.24
United Kingdom of Great Britain and Northern Ireland REITs Industry PE Ratio Median Figure of 38 Publicly-Listed REITs Companies 13.28x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 747 Publicly-Listed Companies 13.27x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of alstria office REIT-AG.

BATS-CHIXE:AOXD PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= XTRA:AOX Share Price ÷ EPS (both in EUR)

= 14.24 ÷ 3.27

4.35x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • alstria office REIT-AG is good value based on earnings compared to the GB REITs industry average.
  • alstria office REIT-AG is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does alstria office REIT-AG's expected growth come at a high price?
Raw Data
BATS-CHIXE:AOXD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.35x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
-33%per year
United Kingdom of Great Britain and Northern Ireland REITs Industry PEG Ratio Median Figure of 22 Publicly-Listed REITs Companies 0.71x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 513 Publicly-Listed Companies 1.03x

*Line of best fit is calculated by linear regression .

BATS-CHIXE:AOXD PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 4.35x ÷ -33%

-0.13x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • alstria office REIT-AG earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on alstria office REIT-AG's assets?
Raw Data
BATS-CHIXE:AOXD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €17.88
XTRA:AOX Share Price * XTRA (2020-04-08) in EUR €14.24
United Kingdom of Great Britain and Northern Ireland REITs Industry PB Ratio Median Figure of 54 Publicly-Listed REITs Companies 0.8x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,322 Publicly-Listed Companies 1.13x
BATS-CHIXE:AOXD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= XTRA:AOX Share Price ÷ Book Value per Share (both in EUR)

= 14.24 ÷ 17.88

0.8x

* Primary Listing of alstria office REIT-AG.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • alstria office REIT-AG is good value based on assets compared to the GB REITs industry average.
X
Value checks
We assess alstria office REIT-AG's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. alstria office REIT-AG has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is alstria office REIT-AG expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-33%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is alstria office REIT-AG expected to grow at an attractive rate?
  • alstria office REIT-AG's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.5%.
Growth vs Market Checks
  • alstria office REIT-AG's earnings are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
  • alstria office REIT-AG's revenues are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
BATS-CHIXE:AOXD Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:AOXD Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts -33%
BATS-CHIXE:AOXD Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts -2.3%
United Kingdom of Great Britain and Northern Ireland REITs Industry Earnings Growth Rate Market Cap Weighted Average 26.6%
United Kingdom of Great Britain and Northern Ireland REITs Industry Revenue Growth Rate Market Cap Weighted Average 4.5%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 15.4%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 2.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BATS-CHIXE:AOXD Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BATS-CHIXE:AOXD Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 213 129 235 6
2021-12-31 195 121 288 10
2020-12-31 186 112 317 10
2020-04-09
BATS-CHIXE:AOXD Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 224 122 581
2019-09-30 226 128 736
2019-06-30 227 119 744
2019-03-31 230 117 550
2018-12-31 232 119 527
2018-09-30 235 113 280
2018-06-30 240 123 281
2018-03-31 263 127 298
2017-12-31 259 122 297
2017-09-30 252 123 210
2017-06-30 244 126 203
2017-03-31 216 116 194

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • alstria office REIT-AG's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • alstria office REIT-AG's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BATS-CHIXE:AOXD Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below

All data from alstria office REIT-AG Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:AOXD Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 1.24 1.50 0.80 6.00
2021-12-31 1.52 2.20 0.66 9.00
2020-12-31 1.61 2.26 0.64 8.00
2020-04-09
BATS-CHIXE:AOXD Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 3.27
2019-09-30 4.18
2019-06-30 4.19
2019-03-31 3.09
2018-12-31 3.02
2018-09-30 1.65
2018-06-30 1.73
2018-03-31 1.92
2017-12-31 1.94
2017-09-30 1.38
2017-06-30 1.32
2017-03-31 1.27

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • alstria office REIT-AG is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess alstria office REIT-AG's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
alstria office REIT-AG has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has alstria office REIT-AG performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare alstria office REIT-AG's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • alstria office REIT-AG has delivered over 20% year on year earnings growth in the past 5 years.
  • alstria office REIT-AG's 1-year earnings growth is less than its 5-year average (10.2% vs 57.8%)
  • alstria office REIT-AG's earnings growth has exceeded the GB REITs industry average in the past year (10.2% vs -21.6%).
Earnings and Revenue History
alstria office REIT-AG's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from alstria office REIT-AG Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:AOXD Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 224.34 581.22 27.99
2019-09-30 226.23 735.70 28.27
2019-06-30 227.41 743.85 26.75
2019-03-31 229.95 549.70 25.89
2018-12-31 232.28 527.41 24.74
2018-09-30 234.71 279.75 23.77
2018-06-30 240.40 280.93 23.19
2018-03-31 263.07 298.44 23.11
2017-12-31 259.19 296.99 21.86
2017-09-30 251.81 210.43 19.80
2017-06-30 243.81 202.63 19.43
2017-03-31 216.29 193.75 20.14
2016-12-31 208.14 176.87 21.15
2016-09-30 200.93 -56.91 22.41
2016-06-30 172.14 -73.21 20.55
2016-03-31 144.92 -86.42 18.42
2015-12-31 117.33 -110.97 17.25
2015-09-30 110.77 42.15 15.09
2015-06-30 110.91 45.45 15.14
2015-03-31 112.06 22.40 13.50
2014-12-31 114.58 36.95 12.56
2014-09-30 103.40 33.73 12.81
2014-06-30 104.32 16.48 13.70
2014-03-31 104.64 27.96 13.75
2013-12-31 104.50 38.95 13.12
2013-09-30 102.95 31.47 12.96
2013-06-30 103.43 47.23 12.18

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • alstria office REIT-AG has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • alstria office REIT-AG used its assets more efficiently than the GB REITs industry average last year based on Return on Assets.
  • alstria office REIT-AG's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess alstria office REIT-AG's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
alstria office REIT-AG has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is alstria office REIT-AG's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up alstria office REIT-AG's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • alstria office REIT-AG is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • alstria office REIT-AG's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of alstria office REIT-AG's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from alstria office REIT-AG Company Filings, last reported 3 months ago.

BATS-CHIXE:AOXD Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 3,175.56 1,711.67 298.22
2019-09-30 2,896.49 1,710.17 297.71
2019-06-30 2,872.10 1,311.40 107.18
2019-03-31 2,739.16 1,314.87 192.48
2018-12-31 2,684.09 1,350.26 132.90
2018-09-30 2,250.77 1,399.48 161.76
2018-06-30 2,218.42 1,390.98 178.14
2018-03-31 2,278.23 1,395.05 265.59
2017-12-31 1,954.66 1,468.42 102.08
2017-09-30 1,761.50 1,502.02 59.64
2017-06-30 1,728.06 1,494.57 51.80
2017-03-31 1,759.60 1,471.16 275.99
2016-12-31 1,728.44 1,485.85 247.49
2016-09-30 1,699.78 1,787.92 231.63
2016-06-30 1,673.14 1,780.60 165.74
2016-03-31 1,672.49 1,749.86 112.64
2015-12-31 1,657.66 2,092.37 428.22
2015-09-30 932.27 856.23 92.28
2015-06-30 922.24 877.55 123.08
2015-03-31 938.74 880.53 163.49
2014-12-31 846.59 887.93 63.15
2014-09-30 827.65 899.55 55.01
2014-06-30 814.39 901.49 49.86
2014-03-31 849.84 891.37 81.87
2013-12-31 844.11 913.00 83.17
2013-09-30 827.27 923.29 69.48
2013-06-30 828.86 964.07 157.16
  • alstria office REIT-AG's level of debt (53.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (104.6% vs 53.9% today).
  • Debt is not well covered by operating cash flow (7.1%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.8x coverage).
X
Financial health checks
We assess alstria office REIT-AG's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. alstria office REIT-AG has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is alstria office REIT-AG's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from alstria office REIT-AG dividends. Estimated to be 3.82% next year.
If you bought €2,000 of alstria office REIT-AG shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate alstria office REIT-AG's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate alstria office REIT-AG's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BATS-CHIXE:AOXD Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland REITs Industry Average Dividend Yield Market Cap Weighted Average of 48 Stocks 5%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 575 Stocks 5.5%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.3%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2.5%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 6.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BATS-CHIXE:AOXD Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.58 9.00
2021-12-31 0.54 14.00
2020-12-31 0.52 12.00
2020-04-09
BATS-CHIXE:AOXD Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-03-30 0.000 0.000
2019-03-01 0.520 3.416
2019-02-27 0.520 3.909
2018-03-02 0.520 4.081
2017-03-03 0.520 4.245
2016-08-08 0.500 4.239
2016-03-30 0.500 4.117
2015-02-26 0.500 4.132
2015-02-13 0.500 4.098
2014-05-15 0.500 4.963
2013-02-15 0.500 5.385
2013-01-15 0.500 5.420
2012-08-07 0.440 4.807
2012-02-21 0.440 5.330
2012-02-15 0.440 4.973
2011-08-08 0.440 5.046
2011-05-05 0.440 4.230
2011-02-23 0.440 4.214
2010-03-01 0.500 5.542
2009-06-11 0.520 7.342

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as alstria office REIT-AG has not reported any payouts.
  • Unable to verify if alstria office REIT-AG's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of alstria office REIT-AG's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as alstria office REIT-AG has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (221.2x coverage).
X
Income/ dividend checks
We assess alstria office REIT-AG's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can alstria office REIT-AG afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. alstria office REIT-AG has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of alstria office REIT-AG's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Olivier Elamine
COMPENSATION €1,229,000
AGE 47
TENURE AS CEO 13.4 years
CEO Bio

Mr. Olivier Elamine has been the Chief Executive Officer at alstria office REIT-AG since November 2006, Member of Management Board since October 2006 and serves as its Chairman of the Management Board. Mr. Elamine is the Founder of alstria office REIT-AG. He serves as Advisor at Fluxus Ventures LLP. He served as Manager in the Real Estate Corporate Finance team at Ernst & Young. He was one of the founders/founding partners of Ixis Capital Partners Limited (now NATIXIS Capital Partners). He served as Director of CDC IXIS's Investment Banking team (focusing on real estate) and consultant at Ernst & Young (also focusing on real estate). He has been Vice Chairman of Supervisory Board at DO Deutsche Office AG since November 04, 2015. He has been a Non-Executive Independent Director of COIMA RES S.p.A. since May 10, 2017 and a Member of Supervisory Board at DO Deutsche Office AG since November 04, 2015. He holds a Bachelor of Science in Civil Works from Ecole Nationale des Travaux publics de l'Etat in 1996. He holds a civil engineering degree in real estate and construction and a Master in building and construction science from the University of Lyon.

CEO Compensation
  • Olivier's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Olivier's remuneration is lower than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure of the alstria office REIT-AG management team in years:

12.8
Average Tenure
  • The average tenure for the alstria office REIT-AG management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Olivier Elamine

TITLE
Chairman of the Management Board & CEO
COMPENSATION
€1M
AGE
47
TENURE
13.4 yrs

Alexander Dexne

TITLE
CFO & Member of Management Board
COMPENSATION
€1M
AGE
54
TENURE
12.8 yrs

Ralf Dibbern

TITLE
Head of Investor Relations & Public Relations
TENURE
9.9 yrs
Board of Directors Tenure

Average tenure and age of the alstria office REIT-AG board of directors in years:

4.1
Average Tenure
55
Average Age
  • The tenure for the alstria office REIT-AG board of directors is about average.
Board of Directors

Johannes Conradi

TITLE
Independent Supervisory Board Chairman
AGE
57
TENURE
3.9 yrs

Richard Mully

TITLE
Independent Vice Chairman of the Supervisory Board
AGE
58
TENURE
3.4 yrs

Marianne Voigt

TITLE
Independent Supervisory Board Member
AGE
50
TENURE
8.5 yrs

Benoît Hérault

TITLE
Independent Supervisory Board Member
AGE
52
TENURE
8 yrs

Stefanie Frensch

TITLE
Independent Supervisory Board Member
AGE
53
TENURE
4.3 yrs

Bernhard Düttmann

TITLE
Independent Supervisory Board Member
AGE
60
TENURE
3.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess alstria office REIT-AG's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. alstria office REIT-AG has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

alstria office REIT-AG is a German stock corporation in the legal form of a Real Estate Investment Trust (REIT), which invests in office real estate in the major German economic centers. REITs are long-term portfolio holders of real estate assets and are characterized by solid balance sheet structures and high payout ratios. The legal basis for German REITs can be found in the REIT Act. As a fully integrated company, we manage our properties throughout their life cycle. From the acquisition to letting, ongoing management, modernization up to the possible sale we possess all expertise around the property.

Details
Name: alstria office REIT-AG
AOXD
Exchange: BATS-CHIXE
Founded: 2006
€2,528,930,329
177,593,422
Website: http://www.alstria.com
Address: alstria office REIT-AG
Steinstrasse 7,
Hamburg,
Hamburg, 20095,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA AOX Ordinary Bearer Shares XETRA Trading Platform DE EUR 03. Apr 2007
OTCPK ALSR.F Ordinary Bearer Shares Pink Sheets LLC US USD 03. Apr 2007
DB AOX Ordinary Bearer Shares Deutsche Boerse AG DE EUR 03. Apr 2007
LSE 0O9Q Ordinary Bearer Shares London Stock Exchange GB EUR 03. Apr 2007
SWX AOX Ordinary Bearer Shares SIX Swiss Exchange CH CHF 03. Apr 2007
WBAG AOX Ordinary Bearer Shares Wiener Boerse AG AT EUR 03. Apr 2007
BATS-CHIXE AOXD Ordinary Bearer Shares BATS 'Chi-X Europe' GB EUR 03. Apr 2007
ETLX AOX Ordinary Bearer Shares Eurotlx IT EUR 03. Apr 2007
Number of employees
Current staff
Staff numbers
165
alstria office REIT-AG employees.
Industry
Office REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 19:49
End of day share price update: 2020/04/08 00:00
Last estimates confirmation: 2020/04/09
Last earnings filing: 2020/02/26
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.