DGAP-News

Noratis AG significantly expands its portfolio at the end of 2021 - Seite 2

"So far, we have only realised profits from portfolio development when the properties were sold. As a result, we had around EUR 49 million in hidden reserves, i. e. unrealised gains, in the portfolio at the end of 2020. As a result of the longer holding period for individual properties, the market values of these properties are now recognized in the balance sheet, and in the event of a positive development, this will ultimately lead not only to higher carrying amounts but also to improved corporate results", André Speth, CFO of Noratis AG, explains.

 

About Noratis:

Noratis AG (www.noratis.de) is a leading portfolio developer of residential properties in Germany. The company identifies and realizes potentials for tenants, owner-occupiers & investors, thereby creating and preserving attractive and at the same time affordable living space throughout Germany. Noratis specializes in the upgrading of ageing residential portfolios, mostly company-owned apartments, residential areas, or housing estates in cities with more than 10,000 inhabitants and in peripheral areas of conurbations. After a successful development, the properties remain in the company's portfolio or are sold in the medium term to investors and/or individually to existing tenants, capital investors and owner-occupiers. In this way, Noratis creates a noticeable and sustainable added value for all stakeholders: from investors, employees, and financing partners to current and future tenants. Noratis AG is listed on the Frankfurt Stock Exchange.

Contact:

Noratis AG
Florence-Anne Kälble, Communication Manager
069-170 77 68 20
[e-mail]

Investor & Public Relations Contact:

edicto GmbH
Dr. Sönke Knop
T [phone]
E [e-mail]
Eschersheimer Landstraße 42
60322 Frankfurt am Main

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28.12.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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Language:	English
Company:	Noratis AG
	Hauptstraße 129
	65760 Eschborn
	Germany
Phone:	+49 (0) 69 / 170 77 68 20
E-mail:	[e-mail]
Internet:	www.noratis.de
ISIN:	DE000A2E4MK4
WKN:	A2E4MK
Indices:	Scale 30
Listed:	Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1262839