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    Banks - Regional
Aareal Bank AG

Aareal Bank AG

AAALY
Aareal Bank AGUS flagOther OTC
34.65
USD
- -
- -
2.19BMarket Cap
Aareal Bank AG
AAALY
(Other OTC)

Recent

price

34.65

P/E

ratio

- -

div

yld

- -

ROIC.AI

2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
TTM
FRC
13.57
14.97
13.5
13.33
11.19
12.3
15.27
17.59
17.46
15.57
14.35
14.85
13.37
14.65
17.74
21.74
19.53
Revenue per Share
1.1
1.15
1.6
2.11
1.75
1.95
5.28
5.93
3.59
3.46
3.74
2.69
-1.24
1.12
2.56
1.19
0.25
Basic EPS, GAAP
35.55
22.36
-7.52
-39.61
80.56
-58.39
-34.23
-9.56
-4.08
13.13
-5.43
7.55
49.58
43.22
-21.62
-72.74
- -
Free Cash Flow per Basic Share
0.49
- -
- -
- -
- -
- -
0.75
1.32
1.9
2.26
2.76
2.36
0.27
0.63
0.23
0.28
- -
Dividend per Share
20.82
21.24
20.3
20.48
20.05
21.58
25.68
30.29
31.98
33.05
33.03
33.28
34.78
35.37
37.69
38.56
38.94
Book Value per Share
31.95
46.75
39.88
38.48
37.21
39.14
43.65
48.75
50.17
46.29
46.28
44.87
46.11
44.56
44.97
43.1
54.43
Tangible Book Value per Share
43
43
47
54
60
60
60
60
60
60
60
60
60
60
60
60
60
Basic Weighted Avg Shares
580
640
641
722
670
736
914
1,053
1,045
932
859
889
800
877
1,062
1,301
1,169
Sales/Revenue/Turnover
20.17
13.59
20.9
- -
26.27
26.9
47.7
44.63
35.02
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
89
29
58
31
23
20
21
27
38
27
16
46
45
48
59
74
- -
Depreciation Expense
47
49
76
114
105
117
316
355
215
207
224
161
-74
67
153
71
15
Net Income, GAAP
40.91
22.99
29.85
28.11
29.55
31.31
23.17
20.43
36.07
35.06
28.48
34.27
- -
56.13
35.98
67.79
49.41
Effective Tax Rate (%)
8.1
7.66
11.86
15.79
15.67
15.9
34.57
33.71
20.57
22.21
26.08
18.11
-9.25
7.64
14.41
5.46
1.28
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
10,733
10,382
10,272
10,617
10,308
9,103
9,833
8,863
8,087
27,351
27,415
25,578
29,227
31,287
26,855
27,069
674
LT Debt
1,452
2,077
1,985
2,169
2,317
2,450
2,723
3,044
3,129
2,924
2,928
2,861
2,967
3,061
3,258
3,300
3,302
Total Equity
0.91
0.54
0.76
- -
0.97
1.12
2.76
3.03
2.01
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
5.35
5.45
8.12
11
9.09
9.39
22.34
21.19
11.54
10.64
11.33
8.11
-3.63
3.19
7
3.11
0.64
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Mar'24
Jun'24
Sep'24
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
60
60
60
Market Capitalization
1,923
1,936
1,863

Working Capital

FRC

•

in mil. unless spec.
Mar'24
Jun'24
Sep'24
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
3,153
1,658
2,351
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.16%
2.46%
1.29%
Free Cash Flow
-34.31%
78.24%
236.48%
Net Income, GAAP
-14.24%
-57.97%
-53.59%
Sales/Revenue/Turnover
6.67%
9.34%
22.5%
Total Cash Common Dividend
- -
-1.49%
21.43%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
234
288
231
251
1,062
2023
293
316
285
408
1,301
2024
333
231
197
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
0.3
- -
- -
0.89
2.56
2023
0.85
- -
- -
- -
1.19
2024
1.19
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
- -
- -
- -
- -
0.23
2023
- -
- -
- -
- -
0.28
2024
- -
- -
- -
- -
- -
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Business
Aareal Bank AG is a leading international provider of financing, banking and payment solutions for the property sector and related industries; headquartered in Wiesbaden, Germany, and founded in 1923, the company operates through two main segments including Structured Property Financing and Banking & Digital Solutions, with presence in more than 20 countries across Europe, North America and Asia-Pacific. In Structured Property Financing, it offers tailor-made financing products such as single-asset finance, portfolio finance, cross-border facilities, debt arrangement and syndication for commercial properties encompassing office buildings, hotels, logistics properties, shopping centres, residential properties and student housing; clients include institutional investors, private equity firms, family offices and pension funds. The Banking & Digital Solutions segment provides payment transaction optimisation, process integration into client IT systems, capital investments, property consulting, customised account management, tenancy bond management via plusForta GmbH, AI-supported receivables management through Collect.AI and specialised payment software via First Financial Software GmbH, primarily targeting housing, property management and energy industries in Germany and Europe. Recent developments include entry into the data centre asset class in July 2025 with a EUR 160 million loan to Goodman Group for the Frankfurt I Data Centre acquisition, marking expansion of its commercial property finance portfolio under the Aareal Ambition strategy; in September 2025, Advent International and Centerbridge Partners launched a voluntary public takeover offer at 29 euros per share valuing the company at approximately EUR 1.74 billion, supported by management for long-term growth including lending portfolio expansion to EUR 40 billion and acceleration of digital solutions; additionally, in 2024, Aareal Bank and Advent sold their stakes in IT subsidiary Aareon to TPG and CDPQ for around EUR 3.9 billion.