ACCENTRO Real Estate AG: “Concrete Gold” with Excellent Growth Potential

ACCENTRO Real Estate AG: “Concrete gold” with excellent growth potential

ACCENTRO Real Estate AG, Germany’s leading housing privatization company, did well in the first half of 2020 despite the corona pandemic. The sales volume reached a high level of the previous year and, as expected, sales exceeded the value of the last year. ACCENTRO offers attractive apartments in Berlin and other German metropolitan regions. The interest of private and institutional customers remains high. The company consequently confirms its forecast for 2020 and continues to expect an increase in sales and stable earnings.

Much more important, however, are excellent long-term prospects. The demand for apartments in the metropolitan regions of Germany will also in future significantly exceed the supply. Demographic change and the persistently low-interest-rate environment combined with insufficient new construction activity for years. For the housing developers, the signs are pointing to growth and ACCENTRO, as the market leader with its good regional positioning and financial flexibility will benefit significantly from this and at the same time be able to expand its real estate portfolio even further.

The financial experts at the renowned Quirin Privatbank also share this opinion and recently increased their recommendation for the ACCENTRO Real Estate AG share to “Buy” with a price target of EUR 12, which corresponds to an upside of around 32% on the current share price.

ACCENTRO Real Estate AG, Germany’s leading housing privatization company, did well in the first half of 2020 despite the corona pandemic. The sales volume reached a high level of the previous year and, as expected, sales exceeded the value of the last year. ACCENTRO offers attractive apartments in Berlin and other German metropolitan regions. The interest of private and institutional customers remains high. The company consequently confirms its forecast for 2020 and continues to expect an increase in sales and stable earnings.

Much more important, however, are excellent long-term prospects. The demand for apartments in the metropolitan regions of Germany will also in future significantly exceed the supply. Demographic change and the persistently low-interest-rate environment combined with insufficient new construction activity for years. For the housing developers, the signs are pointing to growth and ACCENTRO, as the market leader with its good regional positioning and financial flexibility will benefit significantly from this and at the same time be able to expand its real estate portfolio even further.

The financial experts at the renowned Quirin Privatbank also share this opinion and recently increased their recommendation for the ACCENTRO Real Estate AG share to “Buy” with a price target of EUR 12, which corresponds to an upside of around 32% on the current share price.

Much more important, however, are the long-term prospects, which are excellent. The demand for apartments in the metropolitan regions of Germany will also in future significantly exceed the supply. Demographic change and the persistent low-interest-rate environment have been confronted with insufficient new construction activity for years. For the developers and privatizers of existing apartments, the signs are pointing to growth and ACCENTRO, as the market leader with its good regional positioning and financial flexibility, will benefit greatly from this and at the same time be able to expand its real estate portfolio even further.

The financial experts at the renowned Quirin Privatbank also share this opinion and recently increased their recommendation for the ACCENTRO Real Estate AG share to “Buy” with a price target of EUR 12, which corresponds to an upside of around 32% on the current share price.