• Total investment volume of approx. 378 million euros
• Purchase of more than 2,600 units
• Unbilled notarized contract volume of approx. 49 million euros with expected EBIT contribution of approx. ten million euros
• Dividend distribution of 0.30 euro per share planned

The real estate and investment company Domicil Real Estate AG has closed the 2021 fiscal year with a convincing result. In the past year the company sold a total of 573 units. These comprised 571 residential and two commercial units. 28 residential units were sold in the form of block sales, the remaining 545 units were accounted for by individual sales to private investors. Thus, the company saw growth in its core business of about 58 per cent thanks to its unique sales network. It was also able to post a significant increase in its purchasing volume: in total Domicil completed investments of approx. 378 million euros in the 2021 fiscal year, and thus attained an increase of ca. 163 per cent in a year-on-year comparison. A total of 2,617 units were acquired.

In 2021 the Domicil Group attained total revenues of approx. 170 million euros; this corresponds to an increase of 2.4 per cent over the previous year and is confirmation of the success of the business model. The lion’s share of this sum was accounted for by sales revenues of ca. 158 million euros. The EBITDA amounts to 18.5 million euros, the earnings before interest and taxes (EBIT) 17.2 million euros. After the deduction of interest and taxes on earnings, the net profit generated for 2021 totals 6.9 million euros. At the same time the company commands over an unbilled notarized contract volume of approx. 49 million euros not yet recorded in the profit and loss account as transfer of title to the acquirers hasn’t occurred yet, from which an EBIT contribution of approx. ten million euros is expected.

In conjunction with the highest acquisition volume in the company’s history of approx. 378 million euros, the planning security of the company for the coming years has thus also improved.

In addition, Domicil was able to increase the external assets under management (AuM) by more than one third compared to 2020 (+36.5 per cent). Domicil now manages assets of more than 1.15 billion euros for institutional investors. The total managed assets as of the balance-sheet date are approx. 1.5 billion euros.

“In the second year of the pandemic we have again demonstrated that the business model is resilient in the event of a crisis. With the highest acquisition volume in the history of the company, we have purchased a tangible pipeline of properties to sell in the coming years and developed access to new forms of financing with the issuance of the company’s first promissory note bond. All of this was only possible thanks to the massive commitment of our employees, and I would like to take this opportunity to thank them most sincerely,” says Khaled Kaissar, the founder and CEO of Domicil Real Estate AG. Holger Lüth, CFO and Deputy CEO of the group of companies also confirms the positive assessment: “We can look to the future with optimism as we see Domicil very well positioned, and we are planning to pay out an attractive dividend of 0.30 euro per share to our shareholders, who are thus not merely profiting from the positive development of 2.76 euros per share in the book value of their shares in the past fiscal year.”