Category: Corporate News

Corporate News

VIB with successful follow-up leasing in three properties from the retail and logistics sectors

Neuburg/Danube, November 17, 2021 – VIB Vermögen AG, a company specializing in the development, acquisition and portfolio management of commercial real estate, has concluded rental agreements for a total of 16,000 sqm in properties in Ingolstadt, Nuremberg and Regensburg.

In the Donau City Center in Ingolstadt, 2,200 sqm of retail space have been leased on a long-term basis to two tenants with strong credit ratings. Until the end of 2021 the site will be used as a vaccination center.

In Nuremberg, an existing space of around 3,500 sqm was leased to a renowned fitness chain for a term of 10 years. This space will be used by the current tenant until the end of the year and then converted for the new purpose.

For a logistics property in Regensburg with an area of 10,250 sqm, a lease agreement was concluded with a regional logistics company for a term of 10 years.

“We are delighted that we have been able to seamlessly follow up leases for space that has become available in both the retail and logistics sectors,” said Martin Pfandzelter, CEO of VIB Vermögen AG. “In this regard, we can both draw on our existing tenants and acquire new tenants as business partners.”

Contact

Investor Relations:

VIB Vermögen AG
Petra Riechert Tel.: +49 (0)8431 9077 952
Tilly-Park 1 Fax: +49 (0)8431 9077 929
86633 Neuburg/Danube, Germany Email: ed.ga-biv@trehceir.artep

About VIB Vermögen AG

VIB Vermögen AG is a medium-sized company specialising in commercial real estate management that has been operating successfully for more than 25 years. It focuses on properties from the logistics/light industry and retail sectors in the economically strong southern German region. VIB’s shares have been listed on the Munich (m:access) and Frankfurt (Open Market) stock exchanges since 2005.

VIB’s business model is based on a “develop-or-buy-and-hold” strategy. Firstly, VIB acquires properties that are already rented. Secondly, it completely develops new properties in order to transfer them to its own portfolio on a long-term basis and generate rental income from them. VIB also holds investments in companies with real estate assets.

Corporate News

VIB Vermögen significantly increases nine-month results in 2021

– Revenue increases by 9.9 percent to EUR 77.4 million in the first nine months 2021

– Adjusted EBT grows by 15.7 percent to EUR 50.4 million

– FFO increases by 15.9 percent to EUR 44.1 million

– Guidance for the full year 2021 reconfirmed by the Management Board

Neuburg/Danube, November 10, 2021 – VIB Vermögen AG, a company specializing in the development, acquisition and portfolio management of commercial properties, continued its profitable growth path in the third quarter of 2021. Revenues increased by 9.9 percent year-on-year in the first nine months of 2021 from EUR 70.4 million to around EUR 77.0 million. EBT adjusted for valuation effects and special items increased by 15.7 percent to EUR 50.4 million (9 months 2020: EUR 43.5 million). Consolidated net income rose by 7.2 percent year-on-year to EUR 49.7 million.

During the reporting period, the impact of the Corona crisis was less than in the previous year: as of September 30, 2021, the rent waivers due to the economically tense situation at some tenants amounted to only EUR 258 thousand, compared to EUR 376 thousand in the same period of the previous year.

Rentable area of the profitable portfolio expanded
At the end of March, two new logistics properties in Eslarn and Interpark near Ingolstadt were added to the portfolio, followed by an office complex in Regensburg at the end of April. At the end of September, a retail park in Aalen was sold for the purpose of portfolio optimisation.

As of the reporting date of 30 September 2021, the real estate portfolio thus consisted of a total of 113 properties with a total lettable area of around 1.3 million square metres. The vacancy rate remained at a pleasingly low level of 1.2 percent.

Further increase in key operating figures achieved
The portfolio generated an operating cash inflow from letting (funds from operations) of EUR 44.1 million in the period under review – representing an increase of 15.9 percent on the previous year. Accordingly, FFO per share increased by 22 cents to EUR 1.60. The so-called NRV (Net Reinstatement Value – a key figure of the European Public Real Estate Association EPRA for portfolio-holding real estate companies) rose in the nine-month period to EUR 764.2 million (previous year: 727.9 million euros). Accordingly, the NRV per share increased from EUR 26.39 to EUR 27.58.

Sustainability reporting receives multiple awards
After VIB’s sustainability reporting was awarded gold by EPRA for the second time, it was also well received by analysts using the international GRESB (Global Real Estate Sustainability Benchmark) rating benchmark for real estate companies and funds. According to this, VIB Vermögen was able to improve its D-rating from 2020 to a B-rating, thus achieving the second-highest level.

“We are very pleased that, in addition to the sustained positive economic growth, our successes in terms of sustainability are now also increasingly being noticed and honored by awards from external, internationally recognized experts,” says Martin Pfandzelter, CEO of VIB Vermögen AG.

Due to the very stable positioning of the company and the business performance to date, the Executive Board confirms the guidance for the current fiscal year 2021 given in the Annual Report 2020.

The complete interim statement for the third quarter of 2021 is available at www.vib-ag.de.

Contact

Investor Relations:

VIB Vermögen AG
Petra Riechert Tel. : + 49 (0)8431 9077-952
Tilly Park 1 Fax: + 49 (0)8431 9077-929
86633 Neuburg/Danube E-mail: ed.ga-biv@trehceir.artep

Profile of the VIB Vermögen AG

VIB Vermögen AG is a medium-sized company that specializes in holding commercial realestate and has been operating successfully for more than 25 years. The focus is on properties in the logistics/light industry and retail sectors in the economically strong southern German region. VIB’s shares have been listed on the Munich (m:access) and Frankfurt (Open Market) stock exchanges since 2005.

VIB’s business model is based on a “develop-or-buy-and-hold” strategy: On the one hand, VIB acquires properties that have already been let, and on the other hand, it develops new properties from the ground up in order to incorporate these permanently into its own portfolio and to generate rental income from them. In addition, VIB holds interests in companies with real estate assets.

Corporate News

VIB Vermögen AG optimizes portfolio by selling the “Kinopark” cinema/retail park in Aalen

Neuburg/Danube, October 1, 2021 – VIB Vermögen AG, a company specializing in the development, acquisition and portfolio management of commercial properties, continues to persue its strategy of selective portfolio optimization in the retail segment with the sale of the “Kinopark” cinema/retail park in Aalen.

The property is a 10,200 square metres retail park with the Aalen cinema and Norma as anchor tenants. The purchaser is SWT Immobilien Verwaltungs GmbH from Rain/Lech. The parties have agreed not to disclose the purchase price.

“We are delighted to have found an experienced retail property portfolio holder in SWT, which will successfully further develop the location in the long term,” explained Martin Pfandzelter, CEO of VIB Vermögen AG. “This transaction once again demonstrates the high value of our regional network for buying and selling properties.”

Contact

Investor Relations:

VIB Vermögen AG
Petra Riechert Tel.: +49 (0)8431 9077 952
Tilly-Park 1 Fax: +49 (0)8431 9077 929
86633 Neuburg/Danube, Germany Email: ed.ga-biv@trehceir.artep

About VIB Vermögen AG

VIB Vermögen AG is a medium-sized company specialising in commercial real estate management that has been operating successfully for more than 25 years. It focuses on properties from the logistics/light industry and retail sectors in the economically strong southern German region. VIB’s shares have been listed on the Munich (m:access) and Frankfurt (Open Market) stock exchanges since 2005.

VIB’s business model is based on a “develop-or-buy-and-hold” strategy. Firstly, VIB acquires properties that are already rented. Secondly, it completely develops new properties in order to transfer them to its own portfolio on a long-term basis and generate rental income from them. VIB also holds investments in companies with real estate assets.

Corporate News

VIB Vermögen AG again wins EPRA Gold Awards in 2021 for sustainability and financial reporting in 2020

Neuburg/Danube, September 28, 2021 – VIB Vermögen AG, a company specializing in the development, acquisition and portfolio management of commercial properties, was again honored with the EPRA Awards in the Gold category at the EPRA Conference for its Annual Report and Sustainability Report 2020.

EPRA (European Public Real Estate Association), the association of listed real estate companies, presents the awards with the aim of encouraging companies in the real estate sector to be more transparent and open with regard to their financial and sustainability reporting.

This is the fourth Gold Award in a row for the financial report, and the second in a row for the sustainability report, after the company also published a report in the sustainability category for the first time last year, it has achieved the Gold Award at the first attempt. Since the evaluation criteria are adapted or expanded by EPRA every year, each award means that VIB also meets these growing requirements of the Gold Standard.

“We are very pleased that we have once again received awards in both categories this year, the financial as well as the sustainability reporting,” commented Holger Pilgenröther, CFO of VIB Vermögen AG. “For us, this is confirmation by independent experts that we have been reporting transparently and comprehensively about our company for several years.”

Contact
Investor Relations:

VIB Vermögen AG
Petra Riechert Tel.: +49 (0)8431 9077 952
Tilly-Park 1 Fax: +49 (0)8431 9077 929
86633 Neuburg/Danube, Germany Email: ed.ga-biv@trehceir.artep

About VIB Vermögen AG

VIB Vermögen AG is a medium-sized company specialising in commercial real estate management that has been operating successfully for more than 25 years. It focuses on properties from the logistics/light industry and retail sectors in the economically strong southern German region. VIB’s shares have been listed on the Munich (m:access) and Frankfurt (Open Market) stock exchanges since 2005.

VIB’s business model is based on a “develop-or-buy-and-hold” strategy. Firstly, VIB acquires properties that are already rented. Secondly, it completely develops new properties in order to transfer them to its own portfolio on a long-term basis and generate rental income from them. VIB also holds investments in companies with real estate assets.

Corporate news

VIB Vermögen with significant growth in revenues and earnings in the first half of 2021

– Revenue increases by 9.3 per cent to EUR 50.7 million in the first six months of the year

– Adjusted EBT up significantly by 14.1 per cent to EUR 32.7 million

– Outlook confirmed for the year as a whole

Neuburg/Danube, 11 August 2021 – VIB Vermögen AG, a company specialising in the development, acquisition and portfolio management of commercial properties, continued to improve its financial performance indicators in the first half of 2021.

Revenue rose by 9.3 per cent from EUR 46.4 million in the same period of the previous year to EUR 50.7 million. Corona-related rental waivers remained at a low level and decreased from EUR 0.3 million in the previous year to EUR 0.2 million. Adjusted EBT improved significantly by 14.1 per cent in the first half of 2021, climbing from EUR 28.7 million to EUR 32.7 million. Consolidated net income rose by 8.1 per cent year-on-year, from EUR 29.0 million to EUR 31.4 million.

Funds from operations (FFO) from letting activities increased by 13.5 per cent year-on-year to some EUR 28.5 million. FFO per share improved accordingly by 12 euro cents to EUR 1.03. In the reporting period, diluted and undiluted NAV (net asset value) rose to EUR 699.2 million (December 31, 2020: EUR 666.3 million). NAV per share therefore rose from EUR 24.16 to EUR 25.35.

Rental agreements for three properties with a total usable area of some 62,000 m² were extended at the beginning of the year. Two in-house developments in Eslarn and Interpark near Ingolstadt were also added to the portfolio. They contribute with a lettable area of 16,500 m² to the result as of 1 April 2021. Rental income for the property in Ehningen, which has a lettable area of 9,100 m², will also make a positive contribution to earnings. The land pipeline was expanded with the addition of 63,000 m² of land in Meitingen. The future lettable area has been estimated at around 25,000 m², so VIB Vermögen AG increased its property pipeline to a potential usable area of some 160,000 m².

“The first half-year 2021 was again highly successful for our company. All three pillars of our business model contributed to this success. Significant extensions to rental agreements, portfolio additions and the expansion of our land pipeline all contribute to our sustainable, profitable corporate growth. We can therefore look to the future with optimism”, said Martin Pfandzelter CEO of VIB Vermögen AG.

On the basis of the results to date – and subject to the assumption that there will be no significant deterioration in the economic situation in the second half of 2021, due to further lockdowns, for example – the Managing Board of VIB Vermögen AG confirms the outlook for the 2021 financial year published in the 2020 Annual Report.

The full 2021 half-year report can be accessed at www.vib-ag.de.

Contact

Investor Relations:

VIB Vermögen AG
Petra Riechert Tel.: +49 (0)8431 9077 952
Tilly-Park 1 Fax: +49 (0)8431 9077 929
86633 Neuburg/Danube, Germany Email: ed.ga-biv@trehceir.artep

About VIB Vermögen AG

VIB Vermögen AG is a medium-sized company specialising in commercial real estate management that has been operating successfully for more than 25 years. It focuses on properties from the logistics/light industry and retail sectors in the economically strong southern German region. VIB’s shares have been listed on the Munich (m:access) and Frankfurt (Open Market) stock exchanges since 2005.

VIB’s business model is based on a “develop-or-buy-and-hold” strategy. Firstly, VIB acquires properties that are already rented. Secondly, it completely develops new properties in order to transfer them to its own portfolio on a long-term basis and generate rental income from them. VIB also holds investments in companies with real estate assets.

Corporate News

VIB Vermögen AG: More than 30 percent of shareholders opt for the first-time offer of a stock dividend

Neuburg/Danube, July 28, 2021 – More than 30 percent of the shareholders of VIB Vermögen AG, which specializes in the development, acquisition and portfolio management of commercial real estate, exercised their first-time right to opt for a stock dividend. This means that approximately EUR 4.5 million of the total distribution of EUR 20.7 million remains in the company for further growth.

With yesterday’s entry in the commercial register, VIB Vermögen AG’s share capital will increase accordingly by 130,230 shares to 27,710,009 no-par value shares. The company offered its dividend as an optional dividend for the first time for the past fiscal year 2020. Shareholders were able to choose between a cash dividend of EUR 0.75 per share, the subscription of new shares, or a combination of both options. The subscription period ran up to and including July 16, 2021.

“We are very pleased that numerous shareholders have opted for the stock dividend right from the start, thus leaving capital in the company that is available for further investments,” said Martin Pfandzelter, CEO of VIB Vermögen AG.

At this year’s Ordinary General Meeting of VIB Vermögen AG, an overwhelming majority of 99.96 percent approved the joint proposal of the Managing and Supervisory Boards to distribute a dividend of EUR 0.75 per no-par value share with dividend entitlement, either in cash or in shares. This was a good seven percent increase compared to previous year and the twelfth time in succession that the dividend has been increased.

The cash dividend will be paid out by the custodian banks on July 29, 2021. The new shares are scheduled to be booked into the shareholders’ securities accounts and the first trading day for the new shares is scheduled for August 2, 2021. All information on the stock dividend has been published at https://vib-ag.de/en/investor-relations/annual-general-meeting.

Contact

Investor Relations:

VIB Vermögen AG
Petra Riechert Tel.: + 49 (0)8431 9077-952
Tilly-Park 1 Fax: + 49 (0)8431 9077-929
86633 Neuburg/Danube, Germany Email: ed.ga-biv@trehceir.artep

About VIB Vermögen AG

VIB Vermögen AG is a medium-sized company specialising in commercial real estate management that has been operating successfully for 25 years. It focuses on properties from the logistics/light industry and retail sectors in the economically strong southern German region. VIB’s shares have been listed on the Munich (m:access) and Frankfurt (Open Market) stock exchanges since 2005.

VIB’s business model is based on a “develop-or-buy-and-hold” strategy. Firstly, VIB acquires properties that are already rented. Secondly, it completely develops new properties in order to transfer them to its own portfolio on a long-term basis and generate rental income from them. VIB also holds investments in companies with real estate assets.

Corporate News

VIB Vermögen AG’s Annual General Meeting approves twelfth consecutive dividend increase

– Dividend increases by a good seven percent to EUR 0.75 per share

– Management and Supervisory Board members approved by large majority

– Proposed candidates elected to the Supervisory Board

Neuburg/Danube, July 1, 2021 – Around 42.8 percent of the voting share capital was
represented at this year’s Ordinary General Meeting of VIB Vermögen AG, a company specializing in the development, acquisition and portfolio management of commercial properties. The joint proposal by the Managing and Supervisory Boards to distribute a dividend of EUR 0.75 per ordinary share with dividend rights, either as a cash dividend or a stock dividend, received a majority of 99.96 percent. This means that the dividend has increased by a good seven percent compared to the previous year and for the twelfth time in succession.

The members of the Management Board and the Supervisory Board were also formally approved by the Annual General Meeting with a large majority. The proposed candidates for the Supervisory Board, Mr. Florian Lehn, Mrs. Prof. Dr. Michaela Regler, Mr. Ludwig Schlosser and Mr. Jürgen Wittmann, were also elected with a comfortable majority. In the constituent meeting held after the Annual General Meeting, Mr. Ludwgi Schlosser was elected Chairman of the Supervisory Board and Jürgen Wittmann Deputy Chairman of the Supervisory Board. The appointment of Ernst & Young as auditors for fiscal 2021 was also approved by a large majority.

“We are very pleased that we were able to increase the dividend for the twelfth time in a row. I would like to take this opportunity to thank the two departing members, Mr. Rolf Klug and Mr. Franz-Xaver Schmidbauer, very much for their many years of dedicated work for the benefit of VIB Vermögen,” said Martin Pfandzelter, CEO of VIB Vermögen AG.

The subscription offer will be published tomorrow, Friday, July 2, 2021. The subscription price and ratio will be announced on July 13, 2021. All documents relating to the share dividend are published at https://vib-ag.de/aktiendividende.

Contact

Investor Relations:

VIB Vermögen AG
Petra Riechert Tel.: + 49 (0)8431 9077-952
Tilly-Park 1 Fax: + 49 (0)8431 9077-929
86633 Neuburg/Danube, Germany Email: ed.ga-biv@trehceir.artep

About VIB Vermögen AG

VIB Vermögen AG is a medium-sized company specialising in commercial real estate management that has been operating successfully for 25 years. It focuses on properties from the logistics/light industry and retail sectors in the economically strong southern German region. VIB’s shares have been listed on the Munich (m:access) and Frankfurt (Open Market) stock exchanges since 2005.

VIB’s business model is based on a “develop-or-buy-and-hold” strategy. Firstly, VIB acquires properties that are already rented. Secondly, it completely develops new properties in order to transfer them to its own portfolio on a long-term basis and generate rental income from them. VIB also holds investments in companies with real estate assets.

Corporate News

VIB Vermögen AG acquires site with around 63,000 sqm for development pipeline and obtains building permission for property in Erding
 

Neuburg/Danube, June 24, 2021 – VIB Vermögen AG, a company specialising in the development, acquisition and management of commercial properties, is expanding its development pipeline by acquiring a land plot in Meitingen in the Augsburg metropolitan region. Building rights have been granted for the plot in Erding by now.

The property in Meitingen, with a size of around 63,000 sqm, is very attractively located in terms of infrastructure and therefore offers very good opportunities for the establishment of various industries. It already has an existing development plan which, among other things, provides for 24/7 use. The planning for the development of the site provides for a very flexible design, with a total of around 25,300 sqm of lettable space.

VIB Vermögen has now received the building permit for the plot in Erding with a total size of around 215,000 sqm by resolution of the city of Erding. A lettable area of around 86,000 sqm will be created on the site, which will be suitable for different types of use, whereby the focus of commercial use will be in the area of light industry.

“In times of increasingly scarce space, we are very pleased that we can expand our pipeline on the one hand, and on the other hand that we can now make an attractive offer for the Greater Munich area for the construction of modern, sustainable commercial space of a substantial size,” explained Marin Pfandzelter, CEO of VIB Vermögen AG. “An important component in both projects was the close and constructive cooperation with the municipal representatives, which is ultimately decisive for the success.”

Contact

Investor Relations:

VIB Vermögen AG
Petra Riechert Tel.: + 49 (0)8431 9077-952
Tilly-Park 1 Fax: + 49 (0)8431 9077-929
86633 Neuburg/Danube, Germany Email: ed.ga-biv@trehceir.artep

About VIB Vermögen AG

VIB Vermögen AG is a medium-sized company specialising in commercial real estate management that has been operating successfully for 25 years. It focuses on properties from the logistics/light industry and retail sectors in the economically strong southern German region. VIB’s shares have been listed on the Munich (m:access) and Frankfurt (Open Market) stock exchanges since 2005.

VIB’s business model is based on a “develop-or-buy-and-hold” strategy. Firstly, VIB acquires properties that are already rented. Secondly, it completely develops new properties in order to transfer them to its own portfolio on a long-term basis and generate rental income from them. VIB also holds investments in companies with real estate assets.

Corporate News

VIB Vermögen AG leases logistics property in Ehningen with 9,100 m² and raises Group’s occupancy rate to over 99% again

Neuburg/Danube, June 17, 2021 – VIB Vermögen AG, a company specialising in the development, acquisition and maintenance of commercial properties, has once again achieved an occupancy rate of more than 99% by letting its logistics property in Ehningen.

The logistics property with 9,100 m² of rental space is located in Ehningen, south of the metropolitan area Stuttgart/Böblingen, was acquired opportunistically as a vacant property. After the redevelopment phase, in which the property was converted into a modern, future-proof logistics facility under sustainability and fire protection aspects, it has now been let to an established logistics company for five and a half years from July 2021.

“With the property in Ehningen, we have once again successfully bridged the gap between purchase and project development, thereby also demonstrating our expertise as a specialist for attractive and sustainable logistics properties,” explained Martin Pfandzelter, CEO of VIB Vermögen AG. “We have thus once again achieved an occupancy rate of more than 99%, which allows us to look to the future with confidence.”

VIB also relies on continuously expanded reporting when it comes to sustainability. As of today, following the second EPRA sustainability report, the fourth sustainability report is now also available for download on the company’s website at www.vib-ag.de/en/sustainability.

Contact

Investor Relations:

VIB Vermögen AG
Petra Riechert Tel.: + 49 (0)8431 9077-952
Tilly-Park 1 Fax: + 49 (0)8431 9077-929
86633 Neuburg/Danube, Germany Email: ed.ga-biv@trehceir.artep

About VIB Vermögen AG

VIB Vermögen AG is a medium-sized company specialising in commercial real estate management that has been operating successfully for 25 years. It focuses on properties from the logistics/light industry and retail sectors in the economically strong southern German region. VIB’s shares have been listed on the Munich (m:access) and Frankfurt (Open Market) stock exchanges since 2005.

VIB’s business model is based on a “develop-or-buy-and-hold” strategy. Firstly, VIB acquires properties that are already rented. Secondly, it completely develops new properties in order to transfer them to its own portfolio on a long-term basis and generate rental income from them. VIB also holds investments in companies with real estate assets.

Corporate News

VIB Vermögen AG publishes second EPRA sustainability report
 

Neuburg/Danube, June 8, 2021 – VIB Vermögen AG, a company specialising in the development, acquisition and portfolio management of commercial real estate, today published its second EPRA Sustainability Report. The EPRA (European Public Real Estate Association) represents the interests of listed real estate companies in Europe and sets high requirements for its members in terms of transparent sustainability reporting.

In this report, VIB Vermögen addresses the topics of environment, social and good corporate governance and also reports in detail on numerous sustainability indicators in the real estate sector. For its first EPRA Sustainability Report last year, VIB Vermögen was immediately awarded in the categories “Gold” and “most improved”. VIB Vermögen also received the “Gold” award last year for its EPRA financial reporting, now for the third time in a row.

“Sustainable management and transparent reporting have been an integral part of our corporate strategy since the company was founded. We want to give our stakeholders an accurate insight into our company and thus also strengthen the trust of our business partners in the long term. As a real estate portfolio holder, we see further potential for reducing our CO2 emissions, particularly in the area of ecological measures, such as the expansion of our photovoltaic capacities”, said Holger Pilgenröther, CFO of VIB Vermögen AG.

The complete EPRA Sustainability Report of VIB Vermögen is available at www.vib-ag.de/en/sustainability

Contact

Investor Relations:

VIB Vermögen AG
Petra Riechert Tel.: + 49 (0)8431 9077-952
Tilly-Park 1 Fax: + 49 (0)8431 9077-929
86633 Neuburg/Danube, Germany Email: ed.ga-biv@trehceir.artep

About VIB Vermögen AG
VIB Vermögen AG is a medium-sized company specialising in commercial real estate management that has been operating successfully for 25 years. It focuses on properties from the logistics/light industry and retail sectors in the economically strong southern German region. VIB’s shares have been listed on the Munich (m:access) and Frankfurt (Open Market) stock exchanges since 2005.

VIB’s business model is based on a “develop-or-buy-and-hold” strategy. Firstly, VIB acquires properties that are already rented. Secondly, it completely develops new properties in order to transfer them to its own portfolio on a long-term basis and generate rental income from them. VIB also holds investments in companies with real estate assets.