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MarketScreener Homepage  >  Equities  >  Xetra  >  Allianz SE    ALV   DE0008404005

ALLIANZ SE

(ALV)
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Allianz Real Estate sees Asian assets rising to 10-15% of global AUM

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06/04/2020 | 08:59am EDT
The logo of Allianz is seen in Paris

Allianz Real Estate sees an opportunity to expand its asset allocation in Asia to 10-15% in the medium term, the investment manager's regional head said after it agreed to buy a A$648 million ($447 million) Australian logistics portfolio with a joint venture.

"We still believe in the long-term potential of the region. The important thing is how do you navigate through the next 24-36 months and the investment that we make has to be able to reflect that," the company's Asia Pacific CEO Rushabh Desai told Reuters on Thursday.

Allianz Real Estate had 5.5 billion euros of assets under management in Asia Pacific as of end-2019, or about 7.5% of its global total.

"We are trying to look at maybe, over the mid-term, 10-15% as a target allocation," Singapore-based Desai said.

About 40-45% of the firm's Asian portfolio was in the fast-growing markets of China, India and Southeast Asia and the remainder in developed markets, he said.

Allianz Real Estate, part of German insurance giant Allianz, is one of the world's largest property investors and has been looking to grow in Asia mainly as a diversification strategy.

On Thursday, an equal joint venture of Allianz Real Estate and Australian property investor Charter Hall Group's fund CPIF, agreed to acquire four distribution centres from supermarket chain ALDI in Australia.

The assets, located in Sydney, Melbourne and Brisbane, were sold to the joint venture with seven-year lease backs and multiple seven-year renewal options.

(Reporting by Anshuman Daga and Aradhana Aravindan; editing by David Evans)


Stocks mentioned in the article
ChangeLast1st jan.
ALLIANZ SE -1.76% 160.54 Delayed Quote.-26.49%
AT HOME GROUP INC. -3.83% 21.85 Delayed Quote.297.27%
CHARTER HALL GROUP -0.54% 12.88 End-of-day quote.16.25%
JUST GROUP PLC -2.83% 45.32 Delayed Quote.-42.63%
THE GLOBAL LTD. 3.70% 224 End-of-day quote.-52.44%
THE NEW HOME COMPANY INC. 0.59% 5.09 Delayed Quote.9.23%
WILL GROUP, INC. -0.59% 847 End-of-day quote.-32.35%
WORLD CO., LTD. -0.07% 1396 End-of-day quote.-48.12%
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Financials
Sales 2020 142 B 168 B 168 B
Net income 2020 6 277 M 7 421 M 7 421 M
Net Debt 2020 22 181 M 26 222 M 26 222 M
P/E ratio 2020 10,4x
Yield 2020 6,01%
Capitalization 66 094 M 78 107 M 78 135 M
EV / Sales 2020 0,62x
EV / Sales 2021 0,60x
Nbr of Employees 147 268
Free-Float 99,8%
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Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 206,48 €
Last Close Price 160,54 €
Spread / Highest target 60,7%
Spread / Average Target 28,6%
Spread / Lowest Target -12,9%
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NameTitle
Oliver Bšte Chief Executive Officer
Michael Diekmann Chairman-Supervisory Board
Christof Mascher Chief Operating Officer
Giulio Terzariol CFO, Head-Finance, Controlling & Risk
Gabriele Burkhardt-Berg Vice Chairman-Supervisory Board
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