1. Luxembourg Stocks

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  3. •

    Financial conglomerates
CORESTATE Capital Holding SA

CORESTATE Capital Holding SA

0.17
EUR
+0.01
(+7.79%)
-22.33EPS
14.55MMarket Cap
Nov 27Next Earn
2012 Y
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
TTM
Revenue per Share
0.98
1.94
2.23
3.17
4.02
9.41
9.59
11.82
7.48
7.07
2.15
0.4
2.79
Basic EPS, GAAP
0.48
0.62
0.98
0.77
1.47
3.24
4.91
5.11
-3.04
-6.52
-21.75
2.16
-22.37
Free Cash Flow per Basic Share
0.19
0.38
0.86
-2.72
2.14
0.76
11.32
2.9
-2.95
0.95
-0.41
-0.45
- -
Dividend per Share
- -
0.06
0.56
1.1
0.62
0.79
2
2.49
- -
- -
- -
- -
- -
Book Value per Share
0.64
2.62
3.04
3.87
6.82
26.24
29.17
31.79
26.72
18.23
-3.59
0.59
-3.59
Tangible Book Value per Share
0.64
2.61
3.03
3.86
6.75
-7
-3.63
-0.16
0.79
1.5
-5.7
0.31
-5.7
Basic Weighted Avg Shares
13
13
13
13
10
17
21
21
23
31
34
102
33
Sales/Revenue/Turnover
12
24
28
40
42
162
204
251
170
218
74
41
93
Operating Margin (%)
11.95
35.28
23.45
12.11
5.37
43.7
41.34
46.89
-2.7
2.75
-226.94
-185.05
-182.11
Depreciation Expense
- -
- -
- -
- -
- -
21
26
31
51
219
514
37
7
Net Income, GAAP
6
8
12
10
15
56
105
109
-69
-201
-744
220
-744
Effective Tax Rate (%)
2.21
11.76
3.33
- -
7.78
10.53
12.2
9.63
- -
- -
- -
- -
- -
Profit Margin (%)
48.92
31.81
43.9
24.19
36.48
34.45
51.18
43.23
-40.62
-92.33
-1,011.97
539.95
-801.51
Working Capital
-4
15
23
29
65
177
262
169
181
-15
-414
41
-414
LT Debt
4
- -
8
25
22
481
583
542
519
302
53
192
53
Total Equity
8
33
39
49
86
551
621
676
689
626
-120
99
-120
Return on Invested Capital (%)
- -
25.9
22.06
- -
12.09
8.25
8.29
7.69
- -
- -
- -
- -
- -
Return on Capital (%)
- -
30.05
26.27
- -
16.61
11.11
10.62
10.86
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
37.82
34.53
22.16
22.84
17.49
17.84
16.75
-10.17
-30.73
- -
- -
- -

Capital Structure

EUR

•

in mil. unless spec.
Jun'22
Sep'22
Dec'22
ST Debt
569
558
545
LT Borrowings
- -
- -
21
LT Finance Leases
- -
- -
33
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
34
34
34
Market Capitalization
45
31
15

Working Capital

EUR

•

in mil. unless spec.
Jun'22
Sep'22
Dec'22
Total Current Assets
337
304
272
Cash, Cash Equivalents & STI
106
73
87
Accounts Receivable, Net
25
45
26
Inventories
134
137
121
Total Current Liabilities
732
687
686
Payables & Accruals
- -
- -
- -
ST Debt
569
558
545
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
37.01%
-60.04%
-182.63%
Free Cash Flow
89.76%
-69.13%
229.29%
Net Income, GAAP
61.71%
34.26%
-129.62%
Sales/Revenue/Turnover
28%
-18.43%
-44.49%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2021
35
71
56
37
218
2022
32
9
29
23
74
2023
- -
- -
- -
- -
41

Quarterly Earnings Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2021
-0.64
0.59
0.06
-6.01
-6.52
2022
-0.35
-15.16
-1.75
-4.73
-21.75
2023
- -
- -
- -
- -
2.16

Quarterly Dividends Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2021
- -
- -
- -
- -
- -
2022
- -
- -
- -
- -
- -
2023
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Nedim Cen
Full Time Employees
99
Sector
Finance
Industry
Financial conglomerates
Address
4, rue Jean Monnet Luxembourg LU Luxembourg 2180
IPO Date
Nov 2, 2015
Website
corestate-capital.com
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Business
CORESTATE Capital Holding S.A. is a Luxembourg-based holding company that operates in the real estate investment management sector, primarily through its key subsidiary Hannover Leasing, which provides asset and investment management services; investment advisory; fund, property, and facility management; and co-investment solutions across residential, office, retail, logistics, and micro-living asset classes. Founded in 2006 and headquartered at 9-11 Rue Grand in Luxembourg-Ville, the company manages approximately 12.2 billion euros in assets primarily in Germany, with additional operations in other European countries including France, the UK, Spain, Austria, the Netherlands, and Poland, serving institutional investors, family offices, professional clients, and retail investors. Hannover Leasing focuses on IRR- and value-oriented products, generating recurring management fees alongside performance-based compensation through asset sales, new mandates, and portfolio expansion. The group emphasizes real estate debt and equity strategies, including leasing, structured financing, and lifecycle management from acquisition to disposal, with a transaction volume exceeding 34 billion euros and 12 billion euros in capital raised since inception; it recently launched facility management services via CLG Facility Management GmbH joint venture and maintains a platform for closed-end and open-ended special AIFs targeting institutional and private investors. In recent developments, CORESTATE completed a major financial restructuring in August 2023, reducing bond liabilities from 535 million euros to 143 million euros, recapitalizing with 132 million new shares issued mainly to noteholders, and extending maturities to December 2026; it reached an agreement in November 2025 with over 75% of senior noteholders to further extend maturities by two years to 2028 while adjusting interest rates upward. The company sold its French subsidiary STAM Europe SAS in September 2025, enabling partial repayment of its Super Senior Note, and divested stakes including 35% in the Royal Liver Building investment vehicle in Liverpool in July 2025 and the Haus des Lebenslangen Lernens educational campus in 2023; ongoing asset disposals totaling around 130 million euros are planned by 2027 to service debt, alongside management changes such as board realignments in December 2024 and auditor appointment of KPMG for 2022-2024 financials.