The earnings call highlighted significant achievements in terms of asset disposal, rental growth, and LTV reduction. However, challenges remain with reduced net rental income, negative FFO, and high debt costs. The company's efforts to stabilize and focus on Berlin's market are evident, but financial pressures persist.

Company Guidance

During the Adler Group's Q3 2024 earnings call, several key metrics and updates were provided. The company announced the disposal of a 62.8% stake in Brack Capital Properties, generating approximately EUR 219 million in net cash proceeds. This transaction is anticipated to close in two phases by January 2026. Adler's rental portfolio demonstrated a strong like-for-like rental growth of 4.1% year-on-year, with an average rent increase to EUR 7.71 per square meter per month and a low operational vacancy rate of 1.7%. Financially, the group's net rental income slightly decreased by 3% to EUR 155 million for the first nine months of 2024, attributed to past portfolio sales. The adjusted rental EBITDA reached EUR 86 million, while the adjusted total EBITDA was EUR 53 million. The group's total equity strengthened to approximately EUR 2.2 billion, with a reduced loan-to-value (LTV) ratio of 62.6%. Adler completed a comprehensive recapitalization, reducing its nominal debt to EUR 4.7 billion and extending the average debt maturity to 3.8 years. The call concluded with guidance affirming net rental income projections between EUR 200 million and EUR 210 million for 2024, and expectations for stable asset valuations by year-end.

Successful Disposal of Stake in Brack Capital Properties

Disposed 62.8% stake in Brack Capital Properties, generating approximately EUR 219 million in net cash proceeds, ahead of business plan expectations.

Operational Performance in Rental Portfolio

Achieved strong like-for-like rental growth of 4.1% year-on-year, driven by indexation of rental contracts and reletting activities. Average in-place rent increased to EUR 7.71 per square meter per month.

Significant Reduction in Loan-to-Value (LTV) Ratio

LTV decreased to 62.6% from 105.7% following recapitalization efforts.

Extension of Bank Maturities

Successfully extended all bank maturities due in 2024 and secured approvals for extensions of loans maturing in 2025 and 2026.

Stability in Portfolio Valuation

Portfolio valuation remained stable at EUR 4.1 billion with no major disposals or valuation adjustments.

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ADLER Group (ADPPF) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

ADPPF Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 29, 2025	2024 (Q4)	- / -	-0.541	―	―	―
Nov 28, 2024	2024 (Q3)	- / 13.54	-1.48	1014.86% (+15.02)
Aug 29, 2024	2024 (Q2)	- / -2.84	-6.39	55.49% (+3.55)
May 28, 2024	2024 (Q1)	- / -	-0.52	―
Apr 25, 2024	2023 (Q4)	- / -0.54	-0.52	-4.01% (-0.02)
Nov 28, 2023	2023 (Q3)	- / -1.48	-1.475	-0.35% (>-0.01)
Aug 29, 2023	2023 (Q2)	- / -6.39	-5.138	-24.37% (-1.25)
May 25, 2023	2023 (Q1)	- / -	-0.021	―
Apr 25, 2023	2022 (Q4)	- / -0.52	-0.021	-2395.00% (-0.50)
Nov 29, 2022	2022 (Q3)	- / -1.48	0.083	-1868.75% (-1.56)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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ADPPF Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 29, 2024	$0.20	$0.20	0.00%
May 28, 2024	$0.20	$0.20	0.00%
Apr 25, 2024	$0.20	$0.20	0.00%
Nov 28, 2023	$0.35	$0.33	-5.71%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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FAQ

When does ADLER Group (ADPPF) report earnings?

ADLER Group (ADPPF) is schdueled to report earning on Apr 29, 2025, Before Open Not Confirmed.

What is ADLER Group (ADPPF) earnings time?

ADLER Group (ADPPF) earnings time is at Apr 29, 2025, Before Open Not Confirmed.

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is ADPPF EPS forecast?

Currently, no data Available

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