DGAP-News: Noratis AG
/ Key word(s): AGM/EGM/Real Estate
Noratis AG: Annual General Meeting approves dividend of EUR 0.50 per share Eschborn, 16 June 2021 - At Noratis AG (ISIN: DE000A2E4MK4, "Noratis") the Annual General Meeting has approved the payment of a dividend of EUR 0.50 per share. All other agenda items were likewise adopted with more than 96 % of the votes represented. The virtual General Meeting has hence adopted all of the proposals by the Management Board and the Supervisory Board. Igor Christian Bugarski, CEO of Noratis AG, explains: "Last year we significantly expanded our real estate portfolio in accordance with our growth strategy to more than 3,600 units, which includes assets contractually secured but not yet recognised in the financial statements. Furthermore, we deliberately did not engage in larger block sales. Thereby we have created an important basis for our financial success in the coming years. At the same time our shareholders directly participate in the good business development in 2020 through the dividend payment." In 2021 Noratis intends to further expand its real estate portfolio. During the past months the company has already reported several successful acquisitions. This is to result in a further increase in rental income. Moreover, with the block sales already made Noratis has created the basis for the planned significantly higher EBIT and EBT in 2021. All voting results of the Annual General Meeting are available on the website www.noratis.de in the Investor Relations section. 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.
Investor & Public Relations Contact: edicto GmbH
16.06.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | Noratis AG |
Hauptstraße 129 | |
65760 Eschborn | |
Germany | |
Phone: | +49 (0) 69 / 170 77 68 20 |
E-mail: | info@noratis.de |
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: | 1208720 |
End of News | DGAP News Service |
|
1208720 16.06.2021
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.