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TTL Beteiligungs- und Grundbesitz-AG (0NR0.L)

LSE - LSE Delayed price. Currency in EUR
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2.90000.0000 (0.00%)
At close: 4:05PM GMT
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Previous close2.9000
Open2.9000
Bid0.0000 x N/A
Ask0.0000 x N/A
Day's range2.9000 - 2.9000
52-week range2.9000 - 2.9000
Volume200,000
Avg. volumeN/A
Market capN/A
Beta (5Y monthly)-4.20
PE ratio (TTM)23.20
EPS (TTM)0.1250
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target estN/A
  • EQS Group

    TTL Beteiligungs- und Grundbesitz-AG: TTL AG increases stake in Montano Asset Management GmbH to 50 percent

    DGAP-News: TTL Beteiligungs- und Grundbesitz-AG / Key word(s): Investment17.05.2021 / 10:01 The issuer is solely responsible for the content of this announcement.Munich, 17 May 2021TTL AG increases stake in Montano Asset Management GmbH to 50 percent Expansion of stake by 20 percent to 50 percent via capital increase Equity increase strengthens financial power and enables Montano to accelerate further growth Continuation of the existing Montano success model and initiation of new products and asset classesTTL Beteiligungs- und Grundbesitz-AG ("TTL", "TTL AG") (ISIN DE0007501009) acquires additional 20 percent of Montano Asset Management GmbH ("Montano"). The company is thus exercising an option that enables it to increase the stake it acquired in the real estate specialist in December 2020 from 30 percent to 50 percent. The increase in the shareholding is implemented via the subscription of a capital increase by TTL AG."By increasing our stake, we are expanding the basis for the joint growth of both companies. In the recent months, we have initiated several promising projects, some of which will enter the implementation phase at the beginning of the second half of 2021. At the same time, we are strengthening Montano's access to attractive projects in the real estate market through the inflow of funds via the investment," says Theo Reichert, CEO of TTL AG, explaining the expansion of the stake.The acquisition of the additional 20 percent in Montano is the last step in TTL's two-part investment in the fast-growing real estate asset manager. The closing of the transaction is scheduled for May 2021.Montano Asset Management GmbH is one of the leading independent core-plus and value-add real estate managers in the German commercial real estate market with property assets under management of currently around EUR 1.6 billion. Originally a service provider focused on foreign investors in the German real estate market, Montano is increasingly opening up to German institutional investors. With the capital increase, Montano augments its financial strength and expands its scope for new asset classes and services in the real estate sector."We are pleased to have found an experienced and trustworthy partner in TTL. The investment will allow us to significantly strengthen our equity base and continue our growth path at an even faster pace," says Sebastian Schöberl, Managing Director of Montano Asset Management. "TTL shares our values, which include pragmatism, great customer proximity and a strong service orientation. Together, we can now implement our planned growth strategy more quickly".About Montano Asset ManagementMontano Asset Management GmbH is an investment and asset management platform focusing on core-plus and value-add real estate in Germany. Headquartered in Munich and with offices in Berlin and Frankfurt, a team of 20 experienced professionals manages around 70 properties across Germany valued at around EUR 1.6 billion, for a range of institutional clients, family offices and sovereign wealth funds.www.montano.euContact Montano Asset Management GmbHRamin RabeianManaging PartnerT +49 89 24 216 9800ramin@montano.euAbout TTLTTL Beteiligungs- und Grundbesitz-AG (ISIN DE0007501009/Stock exchange symbol TTO) is a listed holding company focusing on the German real estate market. As a holding company, its aim is to enter into profitable investments, to accompany and develop them in order to participate in their value enhancement and to sustainably increase the earning power of TTL AG in the interest of its shareholders. TTL invests in both privately held and listed real estate companies with high dividends. In addition, TTL also participates in real estate projects and properties via platforms, whereby TTL Group provides mezzanine financing for these investments in addition to equity.The Munich-based company is via TTL Real Estate GmbH invested in listed high-dividend real estate companies, primarily DIC Asset AG. At the same time, the company engages itself in real estate project developments, value-add properties and portfolios and plans to invest in further real estate portfolios in the future. Since the end of 2020, TTL AG holds a stake in the asset management company Montano Asset Management GmbH, also based in Munich.TTL Media and Investor Relations contactAnnette Kohler-KruseInstinctif PartnersTel. +49 89 3090 5189-23ir@ttl-ag.depresse@ttl-ag.de17.05.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de Language: English Company: TTL Beteiligungs- und Grundbesitz-AG Theresienhöhe 28 80339 München Germany Phone: +49 (0)89 381611-0 Fax: +49 (0)89 3915-92 E-mail: ir@ttl-ag.de Internet: www.ttl-ag.de ISIN: DE0007501009 WKN: 750100 Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1197158 End of News DGAP News Service

  • EQS Group

    TTL Beteiligungs- und Grundbesitz-AG: TTL fulfils adjusted annual forecast and lays the foundation for future growth

    DGAP-News: TTL Beteiligungs- und Grundbesitz-AG / Key word(s): Annual Results15.02.2021 / 08:30 The issuer is solely responsible for the content of this announcement.Munich, 15.02.2021TTL fulfils adjusted annual forecast and lays the foundation for future growth Consolidated net profit in the amount of EUR 2.6 million Stake in Montano provides the basis for further growth Proposed dividend of EUR 0.20 per shareTTL Beteiligungs- und Grundbesitz-AG ("TTL AG", "TTL") (ISIN DE0007501009) today published its results for the 2020 financial year, fully meeting the annual forecast adjusted in the summer. The past financial year was significantly influenced by the COVID 19 pandemic. The holding company, which focuses on the German commercial real estate market, was realised fewer investment projects than planned due to the measures taken to overcome the pandemic. Several specific investment opportunities could not be examined in depth or did not meet the defined quality and return requirements.With the acquisition of a 30 percent stake in Montano Asset Management GmbH in December 2020, a promising investment for the future was nevertheless made. Montano is one of Germany's leading core-plus and value-add real estate managers. Headquartered in Munich and with offices in Frankfurt and Berlin, Monatano manages commercial real estate in Germany, primarily for institutional investors from abroad. The portfolio under management currently comprises around 70 properties in the office and the retail sectors.In total, TTL's consolidated net income for the year fell by EUR 2.2 million to EUR 2.6 million in the reporting period, compared to EUR 4.8 million in the previous year. The 2020 result was characterised by the results of the indirect share in DIC Asset AG, which is now accounted for as an "at equity" investment. Earnings per TTL share amount to EUR 0.12 (previous year: EUR 0.22)."Our figures reflect the difficult environment for transactions in the past year. However, with the investment in Montano Asset Management in December, a company that now manages a volume of around 1.6 billion EUR in the real estate sector, we have laid the foundation for future growth. We see this as an opportunity to write another success story," says Theo Reichert, CEO of TTL AG, on the publication of the annual report.As a result of the constrained investment opportunities, income from investments and interest fell from EUR 5.4 million to EUR 1.2 million. This was primarily supported by our 50 % affiliate TTL Real Estate GmbH, in which the direct shareholding in DIC Asset AG was successively expanded. At the end of the year, this stood at 7.81 per cent after further acquisitions.TTL's total assets increased by around 25 percent from EUR 103.9 million to EUR 129.4 million, which is mainly due to the silent partnership of EUR 30.0 million established with TTL Real Estate GmbH in 2020. This is also reflected in the increase in non-current liabilities. At EUR 46.1 million, the equity attributable to the shareholders of TTL AG remained almost at the previous year's level.The Executive Board and Supervisory Board of TTL AG will propose to the Annual General Meeting a dividend payment of EUR 0.20 per share for the 2020 financial year. This will be paid in full from the tax contribution account and is therefore not subject to capital gains tax."We want to continue our sustainable dividend policy and pay our shareholders an attractive dividend even in a difficult environment. Looking ahead to the current financial year, we are confident that we will continue to expand our portfolio with profitable investments along the four pillars of our investment strategy," Reichert continued.For the current financial year 2021, TTL AG expects investment income of EUR 1.0 to 2.0 million at the level of TTL AG and earnings from associated companies of around EUR 1.9-2.9 million at the Group level, assuming a stable development in the value of the investment portfolio. For the Group, a result at the level of the year 2020 is expected, possibly after elimination of one-off effects.IMPORTANT KEY FIGURES TTL AG | consolidated IFRS in Euro thousand 2020 2019 Income statement data Revenues 3,193 1,174 Result of operating activities 1,168 -813 Income from investments incl. silent partnerships 3,288 7,715 Financial result 1,248 5,358 Annual result 2,626 4,806 Earnings per share 0.12 € 0.22 € Key Balance Sheet Figures Non-current assets 118,854 89,085 Current assets 10,582 14,820 Total assets 129,435 103,905 Equity attributable to shareholders of TTL AG 46,092 47,681 Non-current liabilities 81,919 50,964 Current liabilities 1,424 5,260 Total equity and liabilities 129,435 103,905 The 2020 Annual Report can be downloaded from the TTL AG website at the following link: https://www.ttl-ag.de/en/investor-relations/financial-reports.htmlAbout TTLTTL Beteiligungs- und Grundbesitz-AG (ISIN DE0007501009/Stock exchange symbol TTO) is a listed holding company focusing on the German real estate market. As a holding company, its aim is to enter into profitable investments, to accompany and develop them in order to participate in their value enhancement and to sustainably increase the earning power of TTL AG in the interest of its shareholders. TTL invests in both privately held and listed real estate companies with high dividends. In addition, TTL also participates in real estate projects and properties via platforms, whereby TTL Group provides mezzanine financing for these investments in addition to equity.The Munich-based company is via TTL Real Estate GmbH invested in listed high-dividend real estate companies, primarily DIC Asset AG. At the same time, the company engages itself in real estate project developments, value-add properties and portfolios and plans to invest in further real estate portfolios in the future. Since the end of 2020, TTL AG holds a 30% stake in the asset management boutique Montano Asset Management GmbH, which is also based in Munich.Media and Investor Relations contactAnnette Kohler-KruseInstinctif PartnersTel. +49 89 3090 5189-23ir@ttl-ag.depresse@ttl-ag.de15.02.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de Language: English Company: TTL Beteiligungs- und Grundbesitz-AG Theresienhöhe 28 80339 München Germany Phone: +49 (0)89 381611-0 Fax: +49 (0)89 3915-92 E-mail: ir@ttl-ag.de Internet: www.ttl-ag.de ISIN: DE0007501009 WKN: 750100 Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1168177 End of News DGAP News Service

  • EQS Group

    TTL Beteiligungs- und Grundbesitz-AG: TTL continues growth strategy and acquires a stake in Montano Asset Management GmbH

    DGAP-News: TTL Beteiligungs- und Grundbesitz-AG / Key word(s): Investment09.12.2020 / 13:44 The issuer is solely responsible for the content of this announcement.Munich, 09.12.2020TTL continues growth strategy and acquires a stake in Montano Asset Management GmbH TTL acquires 30 percent of Montano through the acquisition of shares from current shareholders and subscription of a capital increase Montano Asset Management GmbH is one of the leading independent core-plus and value-add real estate managers in Germany Excellent synergies through complementary business areasTTL Beteiligungs- und Grundbesitz-AG ("TTL", "TTL AG") (ISIN DE0007501009) acquires a 30 percent stake in Montano Asset Management GmbH (Montano). Montano manages commercial real estate in Germany primarily for institutional investors from abroad.TTL invests through the acquisition of shares from current Montano shareholders and the subscription of a capital increase. The purchase price for the 30 percent share is in line with normal market conditions. The closing of the transaction is scheduled for December 2020."With the investment in Montano, we continue to implement our strategy of growth through direct and indirect participation in attractive real estate companies and projects. Montano is one of the leading core-plus and value-add real estate managers in Germany with a diverse range of services, a strong track record and a young, dynamic team. We expect considerable growth for both companies from the synergies of the business models of TTL and Montano. As a real estate investment company, we will benefit directly from the combination of Montano's operational know-how with TTL's recognised expertise in financing and supporting real estate projects," says Theo Reichert, CEO of TTL AG.The service range of Montano Asset Management GmbH, founded in 2012 and headquartered in Munich, includes the areas of asset management (including renting management), investment management (acquisition review and transaction advice) and co-investments. The value of the real estate assets under management is around EUR 1.5 billion, with office properties accounting for around 80 percent and retail properties for 20 percent. The managed portfolio currently comprises around 70 properties, including the Airport Center in Hamburg, the Sky Deutschland headquarters in Unterföhring, the Kö-Campus in Eschborn, the Federal Network Agency in Bonn and the Wangen Campus in Stuttgart."We are delighted to have found a competent and recognised partner in TTL. We plan to significantly accelerate the growth of Montano on this basis. We will use the inflow of funds from the capital increase to implement growth opportunities more quickly", explains Ramin Rabeian, managing partner of Montano Asset Management GmbH. "TTL already has experience from the success story of GEG in accelerating the growth of promising real estate companies".The aim is to develop Montano from a local partner for international investors in the German commercial property market to a fully integrated investment and asset management platform for actively managed property investments. In addition to the expansion of the institutional management business, value-add and warehousing transactions are to be realised in the future. To this end, TTL and Montano will jointly co-finance and implement selected real estate investments within the framework of joint ventures via co-investments.The strategic added value of the Montano investment for TTL results from the extended and preferred access to attractive real estate investment opportunities. In addition, TTL participates in the planned co-investments with Montano on several levels: Through direct participation in real estate investments, through interest income from mezzanine capital, since this is provided as part of TTL's financing, and indirectly through Montano's respective co-investment share.About Montano Asset ManagementMontano Asset Management GmbH is an investment and asset management platform, focusing on core-plus and value-add real estate assets in Germany. Headquartered in Munich and with branch offices in Berlin and Frankfurt, a team of 20 experienced professionals provides comprehensive services, exclusively for foreign investors who lack a platform in Germany. Montano manages about 70 properties across Germany, valued at around EUR 1.5bn, for a range of institutional clients, family offices and sovereign wealth funds.www.montano.euContact Montano Asset Management GmbHRamin RabeianManaging PartnerT +49 89 24 216 9800ramin@montano.euAbout TTLTTL Beteiligungs- und Grundbesitz-AG (ISIN DE0007501009/Stock exchange symbol TTO) is a listed holding company focusing on the German real estate market. As a holding company, its aim is to enter into profitable investments, to accompany and develop them in order to participate in their value enhancement and to sustainably increase the earning power of TTL AG in the interest of its shareholders. TTL invests in both privately held and listed real estate companies with high dividends. In addition, TTL also participates in real estate projects and properties via platforms, whereby TTL Group provides mezzanine financing for these investments in addition to equity.The Munich-based company holds through DIC Capital Partners (Europe) GmbH an interest in the Deutsche Immobilien Chancen Group and invests, via TTL Real Estate GmbH in listed, high-dividend real estate companies. At the same time, the company engages itself in real estate project developments, value-add properties and portfolios and plans to invest in further real estate portfolios in the future.TTL Media and Investor Relations contactAnnette Kohler-KruseInstinctif PartnersTel. +49 89 3090 5189-23ir@ttl-ag.depresse@ttl-ag.de09.12.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de Language: English Company: TTL Beteiligungs- und Grundbesitz-AG Theresienhöhe 28 80339 München Germany Phone: +49 (0)89 381611-0 Fax: +49 (0)89 3915-92 E-mail: ir@ttl-ag.de Internet: www.ttl-ag.de ISIN: DE0007501009 WKN: 750100 Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1153960   End of News DGAP News Service