FOCUSED BUSINESS MODEL WITH AN ATTRACTIVE RISK-RETURN PROFILE
The business model is based on the high supply of existing apartments in need of renovation and modernisation as a result of the ongoing aging process, which is countered by a sustained robust demand for affordable living space.
As a rule, acquired property packages generate rental surpluses after operating and capital costs from the very beginning. The business model thus combines the advantages of the portfolio and developer business by securing recurring rental income with a regular cash flow and realising additional profits through the sale of upgraded properties. A clear definition of the development measures and the sales strategy is already established when the portfolio is acquired.
Our success is based on the fact that we develop value potential for all stakeholders, from tenants and employees to financing partners and investors.
SHORT FILM ABOUT NORATIS
NORATIS IN NUMBERS
| German GAAP | 2015 | 2016 | 2017 | 2018 |
| Total revenue (in €m) | 23.8 | 44.6 | 68.0 | 56.1 |
| EBIT (in €m) | 3.8 | 9.9 | 15.2 | 15.6 |
| EBT (in €m) | 1.5 | 6.0 | 12.2 | 12.8 |
| Total assets (in €m) | 92.7 | 87.5 | 127.8 | 214.1 |
| Units sold | 249 | 593 | 587 | 294 |
| Units on stock | 1,465 | 1,008 | 1,194 | 1,791 |
| No. of employees | 24 | 24 | 31 | 43 |