Noratis is successfully expanding its existing portfolio in North Rhine-Westphalia by the acquisition of 48 units in Essen and Remscheid.
The annual general meeting of Noratis approved the distribution of a dividend of EUR 0.55 per share.
Noratis can look back at a successful 2021 financial year, with EBIT climbing by 136% to EUR 19.4 million.
The Management Board and Supervisory Board of Noratis have decided to propose a dividend of EUR 0.55 per share.
In cooperation with cities and districts throughout Germany, Noratis is providing housing for refugees from Ukraine.
Noratis has acquired 203 units with total rental space of around 12,600 square metres in Lower Franconia, Bavaria.
The transaction in East Westphalia involves 147 residential units with a total rental area of almost 9,000 square metres in Bielefeld.
Noratis assumes that the NAV based on the market values of the real estate at the end of 2021 has risen to EUR 30.00 per share
Noratis has sold its real estate portfolio in Münster with 239 residential units and a total rental space of around 19,000 square meters.
As a result of the acquisitions made in 2021, the nationwide portfolio of existing assets has in-creased to 4,200 residential units.
Noratis has been able to successfully continue to expand its real estate portfolio in Hesse: in Niederrodenbach in the Rhine-Main region and in Bensheim at the southern Hessian Bergstrasse.
Noratis continues to extend its real estate portfolio with altogether 148 residential units at three locations in Schleswig-Holstein.
Noratis has acquired another real estate portfolio in Aurich, East Frisia, with 95 apartments and a lettable area of 5,650 m².
Noratis AG has recorded a very good business development during the 1st half-year 2021. Group result increased to EUR 7.3 million.