1. Luxembourg Stocks

  2. •

    Real Estate

  3. •

    Real Estate - Services
Adler Group S.A.

Adler Group S.A.

ADPPF
Adler Group S.A.US flagOther OTC
0.35
USD
- -
- -
53.07MMarket Cap
2012 Y
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
TTM
Revenue per Share
0.39
0.79
1.2
2.25
2.46
2.55
3.07
3.1
6.77
9.73
6.25
3.16
2.59
2.19
Basic EPS, GAAP
0.37
0.8
2.4
4.4
8.84
7.06
7.67
11.92
2.39
-10.02
-13.25
-11.75
5.76
6.7
Free Cash Flow per Basic Share
0.3
0.53
-0.68
1.61
1.69
1.7
2.04
1.7
1.47
-2.38
-1.19
-0.91
-1.12
-0.84
Dividend per Share
- -
- -
- -
- -
0.3
0.39
0.52
0.66
- -
0.46
- -
- -
- -
- -
Book Value per Share
0.17
1.04
3.44
7.33
14.06
19.16
26.3
37.53
26.16
7.9
-5.29
-16.15
-8.92
-11.24
Tangible Book Value per Share
0.48
1.95
4.58
23.61
33.26
36.31
43.57
53.43
46.26
30.63
16.27
0.3
10.32
6.71
Basic Weighted Avg Shares
40
29
29
34
45
50
50
51
80
118
118
141
152
152
Sales/Revenue/Turnover
16
23
34
76
110
129
155
157
540
1,144
734
445
392
332
Operating Margin (%)
73.4
72.38
72.04
66.03
59.88
63.5
62.03
56.54
26.77
-5.98
-51.6
-25.66
-12.32
-34.94
Depreciation Expense
- -
- -
- -
- -
- -
- -
1
1
11
20
20
10
9
3
Net Income, GAAP
15
23
68
148
395
356
387
602
191
-1,177
-1,557
-1,656
874
1,016
Effective Tax Rate (%)
13.03
13.78
13.05
14.93
14.51
15.62
15.04
11.27
31.57
- -
- -
- -
- -
0.4
Profit Margin (%)
93.66
100.8
199.52
195.63
359.96
276.26
249.89
384.53
35.33
-102.93
-211.97
-372.18
222.75
306.03
Working Capital
-15
-9
10
141
204
81
29
353
-31
1,247
-102
345
-60
484
LT Debt
164
267
387
747
877
1,350
1,592
1,294
6,113
6,377
5,084
5,788
3,196
3,375
Total Equity
19
56
131
794
1,487
1,831
2,197
2,698
4,900
3,693
1,913
42
1,565
1,018
Return on Invested Capital (%)
- -
5.26
4.76
3.98
2.83
2.45
2.31
2
1.16
- -
- -
- -
- -
- -
Return on Capital (%)
- -
13.22
19.56
20.43
30.43
18.19
14.74
19.9
3.36
- -
- -
- -
- -
32.9
Return on Common Equity (%)
- -
124.16
106.89
85.89
90.29
44.64
33.76
37.36
9.58
-78.1
- -
- -
- -
- -

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
367
362
41
LT Borrowings
3,173
3,025
3,371
LT Finance Leases
23
22
4
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
152
152
152
Market Capitalization
51
51
45

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
857
912
870
Cash, Cash Equivalents & STI
247
293
289
Accounts Receivable, Net
46
69
61
Inventories
411
417
390
Total Current Liabilities
918
681
385
Payables & Accruals
- -
- -
- -
ST Debt
367
362
41
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
416.13%
700.42%
3,591.11%
Free Cash Flow
-64.96%
-65.76%
32.26%
Net Income, GAAP
-56.21%
-179.88%
-152.74%
Sales/Revenue/Turnover
47.4%
53.95%
-11.88%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
119
74
97
156
445
2024
89
78
82
143
392
2025
57
49
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
-0.5
-6.13
-1.42
- -
-11.75
2024
-0.52
-2.73
12.99
- -
5.76
2025
-1.06
-1.25
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Karl Reinitzhuber
Full Time Employees
478
Sector
Real Estate
Industry
Real Estate - Services
Address
1B Heienhaff Senningerberg Luxembourg 1736
IPO Date
Nov 2, 2017
Website
ir.adler-group.com
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Business
Adler Group S.A. is a Luxembourg-based real estate holding company with numerous subsidiaries mainly operating in Germany that specializes in the management and development of income-producing multi-family residential real estate; core activities encompass residential property management including modernization, maintenance, tenancy agreements, and marketing of units in the affordable housing segment; privatization through preparation and execution of unit sales; and development projects via subsidiaries such as Adler RE and former Consus for forward or upfront sales generating cash flow, with a yielding portfolio valued at EUR 3.5 billion and development portfolio at EUR 700 million as of September 2025 concentrated largely in Berlin and major cities like Hamburg, Cologne, Offenbach, and Düsseldorf. The company, founded in 2006 and headquartered at 55 Allée Scheffer in Senningerberg, Luxembourg, manages approximately 17,695 rental units primarily in Germany and employs 347 staff across Luxembourg and Germany locations. Recent developments include the May 2025 cash tender offer repurchasing EUR 285 million of Adler Real Estate GmbH secured notes due 2026 with refinancing via an upsized first-lien facility eliminating material capital market debt before 2028; Q3 2025 completions of Colonial 3 and Wilhelm project disposals with proceeds to first-lien holders; post-Q3 notarization of Holsten Quartier sale to a Quantum, Hanse Merkur Grundvermögen, and Saga consortium, Kaiserlei project to ABG housing association, and Benrather Gärten to Instone Real Estate at book value with closings into 2026; successful extension of a EUR 9 million bank loan to Q4 2028; ongoing negotiations for 2026 maturities; and confirmation of 2025 net rental income guidance of EUR 127-135 million alongside strong rental EBITDA performance.

Company News

APIChat

  • seekingalpha.com

    Adler Group S.A. (ADPPF) Q4 2025 Earnings Call Transcript

  • seekingalpha.com

    Adler Group S.A. (ADPPF) Q3 2025 Earnings Call Transcript