Akiş REIT 2Q18 Performance Presentation August 2018

Size: px
Start display at page:

Download "Akiş REIT 2Q18 Performance Presentation August 2018"

Transcription

1 Akiş REIT 2Q18 Performance Presentation August

2 Breaking News New Investment Project The project is located in the uprising Aldgate region (London) which is min away from central London The project includes c.40 residential units most of which will be pre-sold to Asian investors The project will be undertaken with 40%/60% equity/debt ratio where the financing will be fully met from banks in the project country New Credit Facility Akiş REIT has secured a US$40mn loan from HSBC bank to extend average debt maturity The loan will be repaid over a period of six years with a bullet payment structure Share Buy Back Akiş REIT initiated a buy-back in 3rd of August in order to protect the right of its investors from market fluctuation The ceiling amount is for number of shares and the allocation ceiling for such transaction has been determined as TL30mn The current size of total buy back is shares corresponding to 0,0126% of equity 2

3 Breakdown of Portfolio 61,5% 23,5% 9,8% 4,6% 0,6% Akasya Shopping Center Akbati Shopping Center Suadiye Beymen Other Assets Inventories 3

4 Turkey Shopping Mall Market Overview Number of Shopping Malls Shopping Malls Turnover (TLbn) 15.4% 119,2 14.8% 103,8 137,5 9.4% 150, / E 2019E Breakdown of Investments by Investor (sqm) ; Foreign; 23,1% ; Mix; 4,0% E 2019E Competition is getting more intense every year Planned supply and demand dynamics should be more carefully analysed than ever Shopping Malls are not just malls but living spaces where technology and social media intersect Location; closeness to customer is more important than ever İstanbul is home to c.40% of Gross Leasable Area ; Local; 72,9% Source: Akasya Shopping Mall still holds its title as the only almost fully let A+ shopping mall status on the Anatolian side of Istanbul whereas Akbatı Shopping Mall is still the very first and only attraction centre in its hinterland 4

5 Overview of Our Commercial Portfolio Akasya Commercial Center Akbatı Commercial Center Suadiye Beymen Opening Date 2014 Number of Shops 260 Opening Date 2011 Number of Shops 173 Opening Date 2017 Number of Shops 1 Gross Leasable Area (sqm) Gross Leasable Area (sqm) Gross Leasable Area (sqm) c Occupancy Rate 95% Occupancy Rate 99% Occupancy Rate 100% Rent per sqm US$66/month Rent per sqm US$32/month Rent per sqm US$60/month Rent for last Full Year US$57mn Rent for last Full Year US$23mn Rent for last Full Year n.a. International Awards 91 International Awards 87 International Awards - 5

6 Akasya Shopping Mall 6

7 Akasya Shopping Mall Akasya Shopping Mall stores total turnover rose by c.10% in 2Q18 (YoY) 2Q15 2Q16 2Q17 2Q18 Akasya Turnover Income breakdown 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 Rental Revenue Revenue on Turnover Turnover Top-Up Revenue Other Revenue Occupancy Ratio ~ Near All Times High, Vacant stores already rented 97,3% 96,4% 96,5% 96,0% 95,9% 96,7% 95,9% 96,4% 95,4% 95,3% 98,5% 97,7% 97,9% Crate & Barrel exit impact, vacant store already rented, but not reflected in the figure below 94,8% Average Store Tenure (month) 8,46 10,85 10,71 10,44 6,79 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q (9M) (7M) 7

8 Akasya Shopping Mall Store Mix by Size (sqm) 21% 21% 20% 20% 14% 14% 14% 15% 7% 7% 8% 9% 51% 49% 50% 49% 2Q15 2Q16 2Q17 2Q18 1,000 10, ,

9 Akasya Shopping Mall Income yield Akasya Shopping Mall (US$mn) Q18 Revenue 58,4 58,9 57,5 13,4 NOI 44,5 45,0 45,3 10,5 EBITDA 45,5 45,9 46,0 10,7 Latest Appraisal Value 603,8 627,6 631,0 617,2 Yield 7,54% 7,31% 7,30% 7,65% Akasya Shopping Mall posted a turnover increase c.10% YoY despite a tiny c.2.4% fall in terms of visitors Yet, there has been slight increase (c.1.4%) in car entrance figure Thus, core Akasya visitors remained almost unchanged Net Operational Margin stood out at c.78.4% vs. c.77.1% average over the last three years due mainly to; Effective cost management Rise in complimentary income 9

10 Akbatı Shopping Mall 10

11 Akbatı Shopping Mall Akbatı Shopping Mall stores total turnover rose by c.19% in 2Q18 (YoY) Income breakdown 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 2Q15 2Q16 2Q17 2Q18 0% 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 Rental Revenue Revenue on Turnover Turnover Top-Up Revenue Other Revenue Occupancy Ratio ~ Near All Times High 98,5% 98,3% 98,0% 97,6% 97,6% 98,3% 98,6% 98,4% 96,3% 97,9% 98,0% 99,1% 98,7% 99,1% Average Store Tenure (month) 11,22 10,60 10,68 10,58 11,01 10,64 6,51 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q (7M) 11

12 Akbatı Shopping Mall Store Mix by Size 16% 14% 14% 13% 9% 10% 10% 11% 11% 12% 12% 12% 58% 58% 58% 57% 2Q15 2Q16 2Q17 2Q18 1,000 10, ,

13 Akbatı Shopping Mall Income yield Akbatı Shopping Mall (US$mn) Q18 Revenue 23,8 24,1 23,2 5,7 NOI 16,5 16,7 16,9 4,0 EBITDA 16,6 16,8 17,1 4,1 Latest Appraisal Value 267,4 253,5 239,4 235,3 Yield 6,22% 6,64% 7,13% 6,77% Akbatı Shopping Mall posted significant turnover increase (c.19%) YoY coupled with c.2% rise in the # of visitors due to; Akbatı s unique shopping mall status in its hinterland Net Operational Margin remained around c.71% in line with the average over the last 3 years thanks to ongoing efforts on; Effective cost management Rise in complimentary income 13

14 Jan-16 Feb-16 Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jan-16 Feb-16 Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Our Portfolio vs. Market Turnover Change YoY 40% 35% 30% 25% 20% 15% 10% 5% 0% -5% -10% AYD Akasya Akbatı Visitors Change YoY 25% 20% 15% 10% 5% 0% -5% -10% AYD Akasya Akbatı 14

15 High Street Retail Projects We are developing four retail oriented units that will fit the texture of the city and reflect the company s vision; in Erenköy, Caddebostan and Suadiye, located on Bağdat Street, one of the most coveted shopping streets in Istanbul with a total investment value of US$185mn (US$170mn realized). Expected Opening Dates: Exp. Yearly Rental Income: USD7mn Gross Leasable Area: m2 Gross Sellable Area: m2 Expected Sales Revenue: USD16mn Our Track Record on High Street Retail Opened in September 2017, Suadiye Beymen adds to the prestige of Bağdat Street with its spectacular interior and exterior architecture 15-year lease contract with a well known retailer: Beymen USD3.6mn rental income per annum (c.7.75%) yield based on latest appraisal value) 15

16 Beykoz Projects We plan on developing a residential/commercial project in Beykoz, one the most upmarket districts in Istanbul, seizing the opportunity of supply deficit in the region. The expected date for the project kick-off is Project Kick-Off Date: 2019 Project Area: m2 Total Investment Value: TL230mn (TL85mn realized) Expected IRR: 25% (in TL terms) Expected Project Income: TL350mn Investment Rationale: Limited modern residential supply in the area Most of the available land plot is protected area Residential density one the lowest of Istanbul Looking over the forest and the sea New and upcoming infrastructure will make commuting easier 16

17 Financial Performance Overview Net profit of 1H18 is mainly due to revaluation gain of Investment Properties c.tl182mn stem from one-off merger profit c.tl597mn re-appraisal gain 466,0 EBITDA margin improved thanks to c.26% rise in store rent revenues and significant jump in other revenues coupled with a good cost management 73,7% 75,4% 66,4% 66,1% 62,1% (TLmn) 263,7 34,3% 37,2 12,8 41,3 146,8 91,2 186,4 123,1 1H16 1H17 1H18 1H16 1H17 1H18 Revenue EBITDA Net Income Gross margin EBITDA margin EBITDA/Interest Expense Average Debt Maturity has fallen significantly due to hefty previously long term payments being now recorded as short term. We target to lengthen average debt maturity in ,9 1,9 2,62 2,51 1,97 1,2 1H16 1H17 1H18 1H16 1H17 1H18 17

18 Akiş REIT Share Summary 4,00 3,50 3,00 2,50 2,00 1,50 1,00 0,50 0,00 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 Opening Low High Closing Average 18

19 Communication Ozan Hançer Director Strategic Planning, Business Development and Investor Relations Telephone: Sercan Uzun, CFA Assistant Manager Investor Relations, Strategic Planning and Business Development Telephone: /53544 Disclosure: This presentation has been prepared in order to inform investors. Since the presentation has been prepared regarding the previous period, the data in it may not reflect the current situation. The estimations regarding projects are given in accordance with feasibility studies prepared on basis of certain assumptions and may be updated any time. Akiş REIT management and employees can not be held responsible for any damages or losses arising from the direct/indirect use of content in this presentation. For more information : investor.relations@akisgyo.com 19

SFR Condo Residential Lot Sales Inventory Sales Inventory Sales Inventory. Month YTD Month Month YTD Month Month YTD Month

SFR Condo Residential Lot Sales Inventory Sales Inventory Sales Inventory. Month YTD Month Month YTD Month Month YTD Month Grand Strand Market Report 2017 capped off a great year for the Grand Strand as full year SFR sales volume and median sales price were up 9.8% and 4.3%, respectively. Condo sales activity increased 3.0%

More information

Real Estate Investment Analysis

Real Estate Investment Analysis Real Estate Investment Analysis, Sample 412-555-1212 sample.contact@rebackoffice.com 2 Table of Contents Map... 3 Cash Flow... 4 Expense Reimbursement... 5 Loan Summary - Debt 1... 6 Sources and Uses...

More information

International Financial Reporting Standards (IFRS) and 2018 Updates

International Financial Reporting Standards (IFRS) and 2018 Updates International Financial Reporting Standards (IFRS) and 2018 Updates Page 1 of 11 Why Attend Our 'International Financial Reporting Standards (IFRS) and 2018 Updates' course will help build the knowledge

More information

July 2012 was $162,256. ($153,956). was $314,607. was $172,488. ($164,426). Kansas City Region Average Sales Price - Existing Homes

July 2012 was $162,256. ($153,956). was $314,607. was $172,488. ($164,426). Kansas City Region Average Sales Price - Existing Homes July 212 Kansas City Regional Real Estate Market Report Average Sales Price The average exis ng home sale price in July 212 was $162,256. 25 Kansas City Region Average Sales Price - Existing Homes July

More information

Financial Modeling Workshop Using Excel

Financial Modeling Workshop Using Excel Financial Modeling Workshop Using Excel Page 1 of 11 Why Attend Financial modeling is crucial for taking investment decisions that can have a huge financial impact on companies. By attending this course,

More information

Timbercreek. U.S. Multi-Residential Opportunity Fund #1. Semi-Annual Investor Update

Timbercreek. U.S. Multi-Residential Opportunity Fund #1. Semi-Annual Investor Update Timbercreek U.S. Multi-Residential Opportunity Fund #1 Semi-Annual Investor Update FORWARD LOOKING STATEMENT Certain statements in this presentation about Timbercreek U.S. Multi-Residential Opportunity

More information

Financial Analysis Workshop. Contents are subject to change. For the latest updates visit

Financial Analysis Workshop. Contents are subject to change. For the latest updates visit Financial Analysis Workshop Page 1 of 11 Why Attend In today s world, finance professionals are challenged with providing management a detailed analysis of the impact of the organization's financial decisions.

More information

Sirius Real Estate Ltd Half Year Presentation 2013

Sirius Real Estate Ltd Half Year Presentation 2013 Sirius Real Estate Ltd Half Year Presentation 2013 Who are we We are a leading provider of branded mixed-use flexible workspace in Germany 2 Financial Highlights Substantial increase in recurring profit

More information

England Occupancy Survey May 2017 SUMMARY OF RESULTS

England Occupancy Survey May 2017 SUMMARY OF RESULTS England Occupancy Survey 2017 SUMMARY OF RESULTS Room occupancy in 2017 increased +1% to 73%. Bedspace occupancy also increased +1% to 54%. Weekday room occupancy remained stable at 72% whilst weekend

More information

The Effective Analyst: From Research to Execution. Contents are subject to change. For the latest updates visit

The Effective Analyst: From Research to Execution. Contents are subject to change. For the latest updates visit The Effective Analyst: From Research to Page 1 of 8 Why Attend Solving problems in the business world is essential to keeping things moving along smoothly. While problems differ in complexity, almost all

More information

MLS of Greater Cincinnati - Charts for the Month: November 2017

MLS of Greater Cincinnati - Charts for the Month: November 2017 MLS of Greater Cincinnati - Charts for the Month: November 2017 The following charts provide an overview of what has occurred in the MLS over the past month. Each chart provides a historical trend. The

More information

Housing market report

Housing market report Capital city market report Prepared August Dr Andrew Wilson, Senior Economist Australian Property Monitors Buyer momentum rises through mid-winter housing markets National overview Buyer and seller momentum

More information

METROPOLITAN TRACT PERFORMANCE REPORT For the Quarter Ended June 30, 2007

METROPOLITAN TRACT PERFORMANCE REPORT For the Quarter Ended June 30, 2007 F-6 METROPOLITAN TRACT PERFORMANCE REPORT For the Quarter Ended June 30, 2007 Finance, Audit & Facilities Committee September 20, 2007 CONSOLIDATED METROPOLITAN TRACT PROPERTIES Quarterly Summary Quarterly

More information

California Housing Market Update. Monthly Sales and Price Statistics October 2018

California Housing Market Update. Monthly Sales and Price Statistics October 2018 California Housing Market Update Monthly Sales and Price Statistics October 2018 Sales Had the 2 nd Largest Drop in the Last 6 Months California, October 2018 Sales: 397,060 Units, -3.7% YTD, -7.9% YTY

More information

IFRS in Saudi Arabia: Compliance with SOCPA. Contents are subject to change. For the latest updates visit

IFRS in Saudi Arabia: Compliance with SOCPA. Contents are subject to change. For the latest updates visit IFRS in Saudi Arabia: Compliance with SOCPA Page 1 of 12 Why Attend Whether you work for a listed company in Saudi Arabia that has already adopted International Financial Reporting Standards (IFRS) or

More information

Monthly Market Watch for the Prescott Quad City Area. Provided by Keller Williams Check Realty Statistics from August 2012 Prescott MLS

Monthly Market Watch for the Prescott Quad City Area. Provided by Keller Williams Check Realty Statistics from August 2012 Prescott MLS August 2012 Monthly Market Watch for the Prescott Quad City Area Provided by Keller Williams Check Realty Statistics from August 2012 Prescott MLS Report Overview: This report includes MLS data for the

More information

FY18/12 Q2 PRESENTATION

FY18/12 Q2 PRESENTATION FY18/12 Q2 PRESENTATION RENESAS ELECTRONICS CORPORATION JULY 31, 2018 2018 Renesas Electronics Corporation. All rights reserved. FINANCIAL TARGETS AND STRATEGY Long-term Financial Targets *1 (Starting

More information

ECONOMIC CURRENTS. Vol. 3, Issue 1. THE SOUTH FLORIDA ECONOMIC QUARTERLY Introduction

ECONOMIC CURRENTS. Vol. 3, Issue 1. THE SOUTH FLORIDA ECONOMIC QUARTERLY Introduction ECONOMIC CURRENTS THE SOUTH FLORIDA ECONOMIC QUARTERLY Introduction Economic Currents provides an overview of the South Florida regional economy. The report contains current employment, economic and real

More information

Monthly Market Watch for Maricopa County An overview of what is happening in the Maricopa County real estate market

Monthly Market Watch for Maricopa County An overview of what is happening in the Maricopa County real estate market Monthly Market Watch for Maricopa County An overview of what is happening in the Maricopa County real estate market Provided by Susan Kraemer of Prudential Arizona Properties Report overview: This report

More information

Monthly Indicators % + 9.7% %

Monthly Indicators % + 9.7% % Monthly Indicators 2016 Percent changes calculated using year-over-year comparisons. New Listings were up 11.1 percent for single family homes and down 30.8 percent for townhouse-condo properties. Pending

More information

May Discussion Material

May Discussion Material Discussion Material May, 2018 May, 2018 Disclaimer This presentation is only indicative of the Company's intention to develop the mentioned projects. The images presented are merely illustrative, and the

More information

California Housing Market Update. Monthly Sales and Price Statistics November 2018

California Housing Market Update. Monthly Sales and Price Statistics November 2018 California Housing Market Update Monthly Sales and Price Statistics November 2018 Home Sales: Largest Decline Since 2014 California, November 2018 Sales: 381,400 Units, -4.6% YTD, -13.4% YTY 700,000 600,000

More information

CASE STUDY DEVELOPER CONTRIBUTES LAND AS EQUITY INTRODUCTION

CASE STUDY DEVELOPER CONTRIBUTES LAND AS EQUITY INTRODUCTION CASE STUDY DEVELOPER CONTRIBUTES LAND AS EQUITY INTRODUCTION This case study demonstrates where a developer owns a parcel of land that they are developing, and they want the Performance Indicators in the

More information

California Housing Market Update. Monthly Sales and Price Statistics August 2018

California Housing Market Update. Monthly Sales and Price Statistics August 2018 California Housing Market Update Monthly Sales and Price Statistics August 2018 Sales Declined for the 4 th Consecutive Month California, August 2018 Sales: 399,600 Units, -2.1% YTD, -6.6% YTY 700,000

More information

California Housing Market Update. Monthly Sales and Price Statistics December 2018

California Housing Market Update. Monthly Sales and Price Statistics December 2018 California Housing Market Update Monthly Sales and Price Statistics December 2018 Sales Reached the Lowest Level since Jan 2015 California, December 2018 Sales: 372,260 Units, -5.2% YTD, -11.6% YTY 700,000

More information

California Housing Market Update. Monthly Sales and Price Statistics May 2018

California Housing Market Update. Monthly Sales and Price Statistics May 2018 California Housing Market Update Monthly Sales and Price Statistics May 2018 Sales Lost Momentum as Mortgage Rates Continued to Climb California, May 2018 Sales: 409,270 Units, +0.3% YTD, -4.6% YTY 700,000

More information

Company Newsletter(August 2017)

Company Newsletter(August 2017) Company Newsletter(August 2017) Stock ( September 8th, 2017): > Contracted Sales Closing Price : 52-week High/Low : Market Cap : 3.95 HK$ 2.11-4.19 HK$ 15,789 million HK$ No. of Issued Shares : 3,997 million

More information

Provided by Keller Williams Realty Professional Partners Statistics from September 2010 MLS

Provided by Keller Williams Realty Professional Partners Statistics from September 2010 MLS Monthly Market Watch for Maricopa County An overview of what is happening in the Maricopa County real estate market (using September 2010 statistics) Report overview: This report includes MLS data for

More information

RESIDENTIAL REVIEW. Better Technology Better Marketing BETTER RESEARCH Better Education Better Support

RESIDENTIAL REVIEW. Better Technology Better Marketing BETTER RESEARCH Better Education Better Support RESIDENTIAL REVIEW Better Technology Better Marketing BETTER RESEARCH Better Education Better Support TABLE OF CONTENTS 3 Residential Resale Overview 4 Residential Investment Research 5 Better Technology

More information

Monthly Indicators + 7.3% + 6.6% + 8.3% Single-Family Market Overview Condo Market Overview New Listings Pending Sales.

Monthly Indicators + 7.3% + 6.6% + 8.3% Single-Family Market Overview Condo Market Overview New Listings Pending Sales. Monthly Indicators 2018 The three most prominent national market trends for residential real estate are the ongoing lack of abundant inventory, the steadily upward movement of home prices and year-over-year

More information

26 February 2013 FIRST HALF RESULTS PRESENTATION

26 February 2013 FIRST HALF RESULTS PRESENTATION 26 February 2013 FIRST HALF RESULTS PRESENTATION Investment highlights Proven track record of consistent earnings growth and meeting targets Strategically located and diverse residential portfolio Urban

More information

Real Estate Business Overview

Real Estate Business Overview Real Estate Business Overview Speaker: Irakli Burdiladze, CEO, M 2 Real Estate BGEO Investor Day 9 November 2017 Tbilisi, Georgia NOVEMBER 2017 www.m2.ge Content Business overview Market/industry overview

More information

Monthly Indicators % % %

Monthly Indicators % % % Monthly Indicators 2016 Percent changes calculated using year-over-year comparisons. New Listings were down 27.6 percent for single family homes and 41.8 percent for townhouse-condo properties. Pending

More information

H RESULTS 10 AUGUST 2018 TLG IMMOBILIEN AG H RESULTS

H RESULTS 10 AUGUST 2018 TLG IMMOBILIEN AG H RESULTS TLG IMMOBILIEN AG H1 2018 RESULTS DISCLAIMER This presentation includes statements, estimates, opinions and projections with respect to anticipated future performance of TLG IMMOBILIEN ("Forward-Looking

More information

Monthly Indicators % % - 3.5%

Monthly Indicators % % - 3.5% Monthly Indicators 2017 New Listings were up 6.3 percent for the category but decreased 33.1 percent for the category. Pending Sales increased 5.0 percent for but decreased 1.3 percent for. The Median

More information

2017 IN REVIEW THE BLUE MTS. REAL ESTATE MARKET REPORT LOCATIONS ROYAL LEPAGE S 2016 BROKERAGE OF THE YEAR FOR ONTARIO.

2017 IN REVIEW THE BLUE MTS. REAL ESTATE MARKET REPORT LOCATIONS ROYAL LEPAGE S 2016 BROKERAGE OF THE YEAR FOR ONTARIO. THE BLUE MTS. REAL ESTATE MARKET REPORT IN REVIEW WE RE PROUD AND GRATEFUL TO HAVE BEEN CHOSEN AS ROYAL LEPAGE S BROKERAGE OF THE YEAR FOR ONTARIO OVERVIEW RECORD VOLUME SALES, HIGHER PRICES, SHORTER SALE

More information

Published in Spring 1986 Issue The Real Estate Appraiser & Analyst Society of Real Estate Appraisers 1

Published in Spring 1986 Issue The Real Estate Appraiser & Analyst Society of Real Estate Appraisers 1 (1) Published in Spring 1986 Issue The Real Estate Appraiser & Analyst Society of Real Estate Appraisers 1 Alternative Valuation Methods for Leasehold Properties By Tony Sevelka, AACI, SREA, MAI, CRE Introduction

More information

The Market Watch Monthly Housing Report. Coachella Valley Median Detached Home Price Dec Dec 2016

The Market Watch Monthly Housing Report. Coachella Valley Median Detached Home Price Dec Dec 2016 The Market Watch Monthly Housing Report Median Price $450,000 Coachella Valley Median Detached Home Price Dec 2002 - Dec 2016 $400,000 $350,000 $300,000 $339,930 $340,000 $250,000 $200,000 $150,000 CV

More information

AAug ugust 2017

AAug ugust 2017 August 17 17 Housing recovery a balancing act Growth in new listings outpaced sales preventing inventory declines City of Calgary, September 1, 17 Sales posted a modest gain in August, but a rise in new

More information

Private Rented Sector Report

Private Rented Sector Report Private Rented Sector Report July 2018 July 2018 PRS Report RENTAL DEMAND AT THE HIGHEST LEVEL THIS YEAR Key Findings Demand from prospective tenants increased in July, to the highest level this year so

More information

METROPOLITAN TRACT PERFORMANCE REPORT For the Quarter Ended September 30, 2007

METROPOLITAN TRACT PERFORMANCE REPORT For the Quarter Ended September 30, 2007 F-6 METROPOLITAN TRACT PERFORMANCE REPORT For the Quarter Ended September 30, 2007 Finance, Audit & Facilities Committee November 15, 2007 CONSOLIDATED METROPOLITAN TRACT PROPERTIES Quarterly Summary Quarterly

More information

DUNA HOUSE BAROMETER. July month issue THE LATEST PROPERTY MARKET INFO FROM DUNA HOUSE NETWORK

DUNA HOUSE BAROMETER.   July month issue THE LATEST PROPERTY MARKET INFO FROM DUNA HOUSE NETWORK DUNA HOUSE BAROMETER 73. issue July month 2017 THE LATEST PROPERTY MARKET INFO FROM DUNA HOUSE NETWORK www.dh.hu PRIVACY POLICY Statistical information and estimates published in the Duna House Barometer

More information

California Housing Market Update. Monthly Sales and Price Statistics September 2018

California Housing Market Update. Monthly Sales and Price Statistics September 2018 California Housing Market Update Monthly Sales and Price Statistics September 2018 Sales Had the Largest Decline since March 2014 California, September 2018 Sales: 382,550 Units, -3.3% YTD, -12.4% YTY

More information

LUXURY MARKET REPORT. - March

LUXURY MARKET REPORT. - March LUXURY MARKET REPORT - March 2018 - www.luxuryhomemarketing.com THIS IS YOUR LUXURY MARKET REPORT MAP OF LUXURY RESIDENTIAL MARKETS Welcome to the Luxury Market Report, your guide to luxury real estate

More information

UK OCCUPANCY SURVEY FOR SERVICED ACCOMMODATION JANUARY 2011

UK OCCUPANCY SURVEY FOR SERVICED ACCOMMODATION JANUARY 2011 Occupancy () UK OCCUPANCY SURVEY FOR SERVICED ACCOMMODATION Commissioned by the National Tourist Boards of England, Northern Ireland and Scotland and by Visit Wales (part of the Welsh Assembly Government)

More information

May 2008 MLS Month in Review

May 2008 MLS Month in Review May 28 MLS Month in Review The Albuquerque Market continues to improve, and it s evident that finally, the negative media is turning into positive media. This month s TOP Selling Price Range is $2K to

More information

UDIA WA PROPERTY MARKET STATISTICS

UDIA WA PROPERTY MARKET STATISTICS UDIA WA PROPERTY MARKET STATISTICS AUGUST 217 1 What s new in strata? Learn how community title schemes and leasehold strata are changing the strata game. Visit landgate.wa.gov.au/strata-reform Subscribe

More information

M A R C H 22,

M A R C H 22, MARCH 22, 2017 1 01 2 ADO THE PURE-PLAY BERLIN RESIDENTIAL SPECIALIST Investment highlights 1 2 3 4 Berlin residential pure play with a 2.3bn quality portfolio Efficient, fully integrated and scalable

More information

Q RESULTS 15 MAY 2018 TLG IMMOBILIEN AG Q RESULTS

Q RESULTS 15 MAY 2018 TLG IMMOBILIEN AG Q RESULTS TLG IMMOBILIEN AG Q 208 RESULTS DISCLAIMER This presentation includes statements, estimates, opinions and projections with respect to anticipated future performance of TLG IMMOBILIEN ("Forward-Looking

More information

Housing Price Forecasts. Illinois and Chicago PMSA, December 2015

Housing Price Forecasts. Illinois and Chicago PMSA, December 2015 Housing Price Forecasts Illinois and Chicago PMSA, December 2015 Presented To Illinois Association of Realtors From R E A L Regional Economics Applications Laboratory, Institute of Government and Public

More information

Housing market feels the chill as oversupply continues Feb. 2019

Housing market feels the chill as oversupply continues Feb. 2019 February 19 19 MONTHLY STATISTICS PACKAGE Housing market feels the chill as oversupply continues 19, March 1, 19 The effects of Calgary s economic climate continue to create weak sales activity and elevated

More information

Certified Crisis Management Professional. Contents are subject to change. For the latest updates visit

Certified Crisis Management Professional. Contents are subject to change. For the latest updates visit Certified Crisis Management Page 1 of 8 Why Attend This course provides participants with concrete crisis management solutions and strategies, while giving insight into the delivery of effective Crisis

More information

UDIA WA PROPERTY MARKET STATISTICS

UDIA WA PROPERTY MARKET STATISTICS UDIA WA PROPERTY MARKET STATISTICS JUNE 218 1 IN THIS ISSUE KEY TRENDS INDUSTRY UPDATE ECONOMY RESIDENTIAL LAND DEVELOPMENT RESIDENTIAL PROPERTY SETTLEMENTS RESIDENTIAL PROPERTY MARKET RESIDENTIAL CONSTRUCTION

More information

PROPINSIGHT A Detailed Property Analysis Report

PROPINSIGHT A Detailed Property Analysis Report PROPINSIGHT A Detailed Property Analysis Report 40,000+ Projects 10,000+ Builders 1,200+ Localities Report Created On - 7 Oct, 2015 Price Insight This section aims to show the detailed price of a project

More information

Accounting and Finance Policies and Procedures. Contents are subject to change. For the latest updates visit

Accounting and Finance Policies and Procedures. Contents are subject to change. For the latest updates visit Policies and Procedures Page 1 of 11 Why Attend Accounting and finance policies and procedures are the most efficient way to implement company-wide effective internal control tools in any organization.

More information

Efficient Finance and Accounting Operations: 2019 Best Practices and Updates

Efficient Finance and Accounting Operations: 2019 Best Practices and Updates Efficient Finance and Accounting Operations: 2019 Best Practices and Updates Page 1 of 11 Why Attend Stop what you are doing, take a step back, and look at how you perform your work. You will probably

More information

EASTRIDGE PLAZA - PORTERVILLE, CA

EASTRIDGE PLAZA - PORTERVILLE, CA EASTRIDGE PLAZA - PORTERVILLE, CA DuBois Gianulias www.cbre.com/dg ACCEPTING OFFERS IMMEDIATELY Exclusively Offered By Jon Gianulias Senior Vice President 916.446.8787 jon.gianulias@cbre.com John DuBois

More information

Rental income, SEK million 1,016 1,040 3,051 3,095 4,109 Growth in rental income comparable properties, percent

Rental income, SEK million 1,016 1,040 3,051 3,095 4,109 Growth in rental income comparable properties, percent Akelius Residential Property AB (publ) interim report January to September summary Jul Sep Jul Sep Jan Sep Jan Sep Jan Dec Rental income, SEK million 1,016 1,040 3,051 3,095 4,109 Growth in rental income

More information

UDIA WA PROPERTY MARKET STATISTICS

UDIA WA PROPERTY MARKET STATISTICS UDIA WA PROPERTY MARKET STATISTICS OCTOBER 217 1 IN THIS ISSUE KEY TRENDS INDUSTRY UPDATE 3 4 ECONOMY RESIDENTIAL LAND DEVELOPMENT RESIDENTIAL PROPERTY SETTLEMENTS RESIDENTIAL PROPERTY MARKET RESIDENTIAL

More information

HomeLet Rental Index

HomeLet Rental Index HomeLet Rental Index Key headlines Rents in the UK rose by 2.1% in October compared to the same month a year ago; the average monthly rent now stands at 928 a month Rents in London increased by 4. in October

More information

Inner Perth Residential Market Report

Inner Perth Residential Market Report Inner Perth Residential Market Report MARCH QUARTER 2014 Inner Perth Residential Market Market Highlights While Western Australia will experience slowed short term growth as the state transitions from

More information

Released: September 2011

Released: September 2011 Released: September 2011 Commentary 2 The Numbers That Drive Real Estate 3 Special Report 9 Brought to you by: KW Research Commentary The national housing market remains firmly planted in balanced territory.

More information

Real Estate & REIT Modeling: Quiz Questions Module 1 Accounting, Overview & Key Metrics

Real Estate & REIT Modeling: Quiz Questions Module 1 Accounting, Overview & Key Metrics Real Estate & REIT Modeling: Quiz Questions Module 1 Accounting, Overview & Key Metrics 1. How are REITs different from normal companies? a. Unlike normal companies, REITs are not required to pay income

More information

INVESTOR PRESENTATION. September 2011

INVESTOR PRESENTATION. September 2011 INVESTOR PRESENTATION September 2011 Disclaimer This document does not constitute or form part of and should not be construed as, an offer to sell or issue or the solicitation of an offer to buy or acquire

More information

LUXURY MARKET REPORT. - March

LUXURY MARKET REPORT. - March LUXURY MARKET REPORT - March 2018 - www.luxuryhomeing.com THIS IS YOUR LUXURY MARKET REPORT MAP OF LUXURY RESIDENTIAL MARKETS Welcome to the Luxury Report, your guide to luxury real estate market data

More information

NBG PANGAEA REIC September 2016

NBG PANGAEA REIC September 2016 NBG PANGAEA REIC September 2016 Disclaimer This presentation has been prepared by NBG PANGAEA Real Estate Investment Company (former MIG Real Estate REIC or the Company) solely for information purposes

More information

LUXURY MARKET REPORT. - May

LUXURY MARKET REPORT. - May LUXURY MARKET REPORT - May 2018 - www.luxuryhomeing.com THIS IS YOUR LUXURY MARKET REPORT MAP OF LUXURY RESIDENTIAL MARKETS Welcome to the Luxury Report, your guide to luxury real estate market data and

More information

August Discussion Material

August Discussion Material Discussion Material August, 2018 August, 2018 Disclaimer This presentation is only indicative of the Company's intention to develop the mentioned projects. The images presented are merely illustrative,

More information

Released: April 8, 2011

Released: April 8, 2011 Released: April 8, 2011 Commentary 2 The Numbers That Drive Real Estate 3 Special Report 9 Brought to you by: KW Research Commentary The housing market continues on a relatively stable and balanced track.

More information

Invincible Investment Corporation Follow on Acquisition and Disposition

Invincible Investment Corporation Follow on Acquisition and Disposition Invincible Investment Corporation Follow on Acquisition and Disposition TSE Code : 8963 July 25, 2017 Deal Summary Portfolio rebalance, acquiring new addition of Hotel MyStays Gotanda Station at a 7.3%

More information

New Zealand Property Market Report

New Zealand Property Market Report New Zealand Property Market Report August 20 Introduction What is the purpose of this report? This report is aimed at equipping you with the best and most up to date information to make sure you make the

More information

Competitive Strategies and Value Innovation. Contents are subject to change. For the latest updates visit

Competitive Strategies and Value Innovation. Contents are subject to change. For the latest updates visit Competitive Strategies and Value Innovation Page 1 of 9 Why Attend This course introduces key concepts, tools, and principles of strategic management allowing managers to create their organization's unique

More information

New year kicks off with slow sales Jan. 2019

New year kicks off with slow sales Jan. 2019 January 19 19 MONTHLY STATISTICS PACKAGE New year kicks off with slow sales 19, February 1, 19 As economic challenges linger into 19, housing markets remain on a sluggish pace. January sales totalled 8

More information

Company Newsletter(March 2018)

Company Newsletter(March 2018) Stock (9 April, 2018): Closing Price : HK$ 4.13 52-week High/Low : HK$ 3.12-4.82 Market Cap : Company Newsletter(March 2018) 16,509 million HK$ No. of Issued Shares : 3,997 million Recent IR Activities:

More information

Notice Concerning Renewal Plan at Nara Family

Notice Concerning Renewal Plan at Nara Family Japan Retail Fund Investment Corporation (Tokyo Stock Exchange Company Code: 8953) News Release October 14, 2015 Notice Concerning Renewal Plan at Nara Family Mitsubishi Corp. UBS Realty Inc., the asset

More information

DEVELOPING EAST CAIRO SINCE

DEVELOPING EAST CAIRO SINCE 1 DEVELOPING EAST CAIRO SINCE 1959 MNHD at a glance 2 2019 MNHD Corporate History & Structure MNHD is currently positioned as one of the leading real estate developers in Egypt MNHD s history dates back

More information

Manhattan Rental Market Report November 2015 mns.com

Manhattan Rental Market Report November 2015 mns.com Manhattan Rental Market Report November 2015 TABLE OF CONTENTS 03 Introduction 04 A Quick Look 07 Mean Manhattan Rental Prices 11 Manhattan Price Trends 12 Neighborhood Price Trends 12 Battery Park City

More information

Rental income, EUR million Like-for-like growth in rental income, percent

Rental income, EUR million Like-for-like growth in rental income, percent Akelius Residential Property AB (publ) interim report January to June summary Apr Jun Apr Jun Jan Jun Jan Jun Jan Dec Rental income, EUR million 115 113 233 229 469 Like-for-like growth in rental income,

More information

Retail Acquisition Example

Retail Acquisition Example Property Information Retail Acquisition Example Project Assumptions Acquisition Assumptions Property Name Retail Acquisition Example Project Type Acquisition Location Austin, TX Acquisition Cost $1,800,000

More information

AUDIOCAST PRESENTATION Q1/2018

AUDIOCAST PRESENTATION Q1/2018 19.4.2018 AUDIOCAST PRESENTATION Q1/2018 HIGHLIGHTS Q1/2018 EPRA EARNINGS PER SHARE EUR 0.041 -Divestments in 2017 and weaker currencies impacted EPRA EPS -Efficient cost management with administrative

More information

Economic Spotlight September 1, 2009

Economic Spotlight September 1, 2009 Economic Spotlight September 1, 29 Update on Alberta s Housing Market Summary Alberta s housing market is beginning to show signs of recovery. Housing starts have rebounded from March lows and activity

More information

DETACHED MULTI-UNIT APPROVALS

DETACHED MULTI-UNIT APPROVALS HIA New Home Sales DETACHED MULTI-UNIT APPROVALS SALES MULTI-UNIT DETACHED A monthly update on the sales of new homes December 217 TAX BURDEN TAKES TOLL ON New Home Sales during 217 Sales still post modest

More information

M onthly arket. July Table of Contents. Monthly Highlights

M onthly arket.   July Table of Contents. Monthly Highlights Table of Contents Market Inventory...2 www.gaar.com Monthly Highlights The median sale price of single-family, detached homes climbed to $190,000 in July 2014, the highest level since August 2008. Market

More information

FINANCING OF AN OFFSHORE-WINDFARM. Risk Management HSH NORDBANK AG. Dr. Jörg Böttcher. Kiel, HSH-NORDBANK.DE

FINANCING OF AN OFFSHORE-WINDFARM. Risk Management HSH NORDBANK AG. Dr. Jörg Böttcher. Kiel, HSH-NORDBANK.DE FINANCING OF AN OFFSHORE-WINDFARM Risk Management HSH NORDBANK AG Dr. Jörg Böttcher Kiel, 05.07.2017 HSH-NORDBANK.DE Agenda 1. Project Finance and Offshore-Projects 2. Assessment of Projects 3. Financial

More information

HomeLet Rental Index

HomeLet Rental Index HomeLet Rental Index Key headlines Rents in the UK rose by 0.9% in October compared to the same month a year ago; the average monthly rent now stands at 909 a month Rents in London rose by 0. in October

More information

INVESTOR DAY. October 17 th 2018

INVESTOR DAY. October 17 th 2018 INVESTOR DAY October 17 th 2018 Introduction & Property SFL Portfolio 2018 INTERIM RESULTS 27 JULY 2018 2 1 PARIS REGION MARKET 2018 (at September 30, 2018) UNPRECEDENTED PERFORMANCE SINCE THE BEGINING

More information

NBG PANGAEA REIC April 2017

NBG PANGAEA REIC April 2017 NBG PANGAEA REIC April 2017 Disclaimer This presentation has been prepared by NBG PANGAEA Real Estate Investment Company (former MIG Real Estate REIC or the Company) solely for information purposes and

More information

FY 2015 Results TLG IMMOBILIEN AG March FY 2015 Results Presentation

FY 2015 Results TLG IMMOBILIEN AG March FY 2015 Results Presentation FY 2015 Results TLG IMMOBILIEN AG March 2016 DISCLAIMER This presentation includes statements, estimates, opinions and projections with respect to anticipated future performance of TLG IMMOBILIEN ("Forward-Looking

More information

Macquarie Mexican REIT

Macquarie Mexican REIT Macquarie Mexican REIT Fourth Quarter 2012 Results Presentation February 26, 2013 4Q12 Results Agenda 1. Overview Nick O Neil 2. Highlights & Portfolio Performance Jaime Lara 3. Financials Jaime Lara 2

More information

Notice concerning Acquisition of Asset (shinyon curumu)

Notice concerning Acquisition of Asset (shinyon curumu) This translation of the original Japanese notice is provided solely for information purposes. Should there be any discrepancy between this translation and the Japanese original, the latter shall prevail.

More information

METROPOLITAN TRACT PERFORMANCE REPORT For the Quarter Ended December 31, 2006

METROPOLITAN TRACT PERFORMANCE REPORT For the Quarter Ended December 31, 2006 F-11 METROPOLITAN TRACT PERFORMANCE REPORT For the Quarter Ended December 31, 2006 Finance, Audit & Facilities Committee March 22, 2006 CONSOLIDATED METROPOLITAN TRACT PROPERTIES Quarterly Summary Quarterly

More information

F 5 STANDING COMMITTEES. Metropolitan Tract Performance Report. For the quarter ended June 30, B. Finance, Audit and Facilities Committee

F 5 STANDING COMMITTEES. Metropolitan Tract Performance Report. For the quarter ended June 30, B. Finance, Audit and Facilities Committee F 5 VII. STANDING COMMITTEES B. Finance, Audit and Facilities Committee Metropolitan Tract Performance Report For the quarter ended June 30, 2008 F 5/209-08 9/18/08 METROPOLITAN TRACT PERFORMANCE REPORT

More information

Bureau of Business Research Webinar Series October 2016

Bureau of Business Research Webinar Series October 2016 Bureau of Business Research Webinar Series October 2016 Presented by Eric Thompson W.W. Marshall Associate Professor of Economics Director, Bureau of Business Research Outline Importance of Affordable

More information

Coachella Valley Median Detached Home Price Jan Jan 2017

Coachella Valley Median Detached Home Price Jan Jan 2017 The Desert Housing Report Median Price $450,000 Coachella Valley Median Detached Home Price Jan 2002 - Jan 2017 $400,000 $350,000 $300,000 $250,000 $335,000 $340,000 $200,000 $150,000 CV Detached Median

More information

Monthly Indicators + 4.8% - 3.5% %

Monthly Indicators + 4.8% - 3.5% % Monthly Indicators 2015 New Listings were up 45.0 percent for single family/duplex homes but decreased 44.1 percent for townhouse-condo properties. Pending Sales increased 14.3 percent for single family/duplex

More information

HomeLet Rental Index

HomeLet Rental Index HomeLet Rental Index Key headlines Rents in the UK rose by 2. in January compared to the same month a year ago; the average monthly rent now stands at 909 a month Rents in London increased by 2.3% in January

More information

Q manhattan. the corcoran report. comitini. com

Q manhattan. the corcoran report. comitini. com Q3. manhattan the corcoran report peter comitini comitini.com peter@ comitini. com 212. 444.7844 3 r d QUARTER We are pleased to present the Third Quarter Corcoran Report, an easy-to-read snapshot of the

More information

Ashiana Housing Limited

Ashiana Housing Limited Ashiana Housing Limited Update for Quarter Ending June 30 th 2012 Utsav Bhiwadi 1 Agenda Highlights and Overview Ongoing Project Details Financial Summary Future Projects Future Outlook 2 Highlights (Q1

More information

January - September 2011 results

January - September 2011 results January - September 2011 results 14 November 2011 Highlights 9M 2011 RESULTS Commercial Property business continues showing a recurrent income giving the company stability and solidity, representing 95%

More information

HomeLet Rental Index

HomeLet Rental Index HomeLet Rental Index Key headlines Rents in the UK rose by1.3% in July compared to the same month a year ago; the average monthly rent now stands at 937 a month Rents in London increased by 3.3% in July

More information