Aareal Bank AG (AAALY)
| Previous close | 34.65 |
| Open | 34.65 |
| Bid | N/A x N/A |
| Ask | N/A x N/A |
| Day's range | 34.65 - 34.65 |
| 52-week range | 34.65 - 34.65 |
| Volume | |
| Avg. volume | 0 |
| Market cap | 2.187B |
| Beta (5Y monthly) | N/A |
| PE ratio (TTM) | 11.11 |
| EPS (TTM) | 3.12 |
| Earnings date | N/A |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | 10 Dec 2021 |
| 1y target est | N/A |
BloombergAareal Reduces Non-Performing US Office Loans by €500 Million
(Bloomberg) -- Aareal Bank AG said it reduced the volume of non-performing US office loans by about €500 million ($543 million) as it moves to contain the fallout from deteriorating real estate markets.Most Read from BloombergTrumpism Is Emptying ChurchesIran’s Better, Stealthier Drones Are Remaking Global WarfareBillionaire Geiger, Blackstone Near L’Occitane DealUkraine Says It’s Behind Blaze on Russian Warship in Baltic SeaYellen Junks 200 Years of Economics to Block China Clean TechThe reduct
ReutersAareal Bank owners hire advisers to sell property lender's tech arm, sources say
The owners of Aareal Bank have lined up advisers to sell its tech unit, three people familiar with the matter told Reuters, as the German property lender navigates a global crunch in commercial real estate. The shareholders, led by Advent International and Centerbridge Partners, recently chose Arma Partners to gauge interest in the division, known as Aareon, the people said. Other buyout groups including Blackstone, CVC Capital Partners, Hg Capital and KKR & Co have been eyeing the unit ahead of an auction planned for later this year, one of the sources said, speaking on condition of anonymity because the talks are private.
- Reuters
Germany's Aareal warns one quarter of U.S. office loans bad
FRANKFURT (Reuters) -Troubled German lender Aareal said on Thursday that a quarter of its 4 billion euros ($4.3 billion) in loans for U.S. offices were likely to go unpaid and that there could be worse to come as a property rout takes hold. Aareal, based in Germany but operating globally with a quarter of its business in the United States from New York to San Francisco, is aiming to pare down about half of the 1 billion euros in so-called non-performing loans by the end of March. Aareal is one of the biggest property lenders in Germany, Europe's largest economy, and together the nation's banks are among the continent's heaviest lenders for the stricken commercial property sector.
