VIB Vermoegen AG

VIB Vermoegen AG

2.34
EUR
-0.18
(-7.14%)
5.69EPS
4.33P/E
665.58MMarket Cap
Apr 28Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
2.78
2.74
2.72
2.88
3.02
3.14
3.29
3.41
3.72
3.89
3.27
3.38
5.01
3.82
Basic EPS, GAAP
1.16
1.23
1.45
1.71
1.87
2.08
2.28
2.38
1.08
1.9
3.92
1.09
2.46
5.54
Free Cash Flow per Basic Share
2.07
1.86
1.93
1.88
2.09
2.19
2.42
2.31
2.71
2.38
2.26
2.75
2.64
- -
Dividend per Share
0.37
0.42
0.44
0.5
0.58
0.63
0.68
0.73
0.59
0.44
- -
0.04
0.04
- -
Book Value per Share
13.76
14.45
14.74
15.32
16.7
18.25
19.96
20.24
20.64
21.59
25.54
26.58
29.01
21.91
Tangible Book Value per Share
13.76
14.45
14.74
15.32
16.7
18.25
19.96
20.24
20.64
20.29
24.39
25.59
16.83
21.91
Basic Weighted Avg Shares
23
25
28
28
28
28
28
28
28
28
33
33
33
28
Sales/Revenue/Turnover
65
70
75
80
84
87
91
94
103
110
108
112
166
106
Operating Margin (%)
72.21
73.76
75.9
76.79
77.13
77.77
77.62
76.32
50.48
44.92
50.16
-54.61
27.53
60.57
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
29
31
29
140
42
13
Net Income, GAAP
27
31
40
47
52
58
63
66
30
54
130
36
81
153
Effective Tax Rate (%)
17.27
15.41
16.56
16.01
16.31
15.88
16.45
15.96
16.58
11.56
13.75
- -
1.98
13.57
Profit Margin (%)
41.69
44.81
53.4
59.38
61.76
66.38
69.41
69.93
29.1
48.77
119.99
32.38
49.2
145.13
Working Capital
-19
10
6
-9
13
-4
4
20
23
172
403
82
-63
55
LT Debt
457
496
529
572
587
608
681
718
688
584
887
- -
- -
680
Total Equity
320
372
407
444
483
528
577
585
600
745
877
932
1,041
635
Return on Invested Capital (%)
5.08
5.09
5.14
5.08
5
5.01
4.79
4.6
3.23
3.08
2.84
- -
4.44
5.53
Return on Capital (%)
5.34
5.56
5.75
6.17
5.94
6.06
5.98
5.83
2.99
4.48
9.42
- -
11.09
16.05
Return on Common Equity (%)
9.55
9.42
10.73
11.63
11.65
11.92
11.95
11.85
5.28
8.32
16.64
4.2
8.86
24.74

Capital Structure

EUR

•

in mil. unless spec.
Dec'21
Mar'22
Jun'22
ST Debt
60
- -
24
LT Borrowings
688
- -
680
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
28
28
28
Market Capitalization
1,258
1,013
666

Working Capital

EUR

•

in mil. unless spec.
Dec'21
Mar'22
Jun'22
Total Current Assets
90
- -
89
Cash, Cash Equivalents & STI
68
- -
60
Accounts Receivable, Net
1
- -
2
Inventories
- -
- -
- -
Total Current Liabilities
68
- -
34
Payables & Accruals
- -
- -
- -
ST Debt
60
- -
24
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.03%
12.46%
11.65%
Free Cash Flow
5.51%
7.19%
-3.94%
Net Income, GAAP
27.22%
43.93%
125.34%
Sales/Revenue/Turnover
8.91%
13.19%
48.31%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
112
2025
- -
- -
166
2026
- -
- -
- -

Semi-annual Earnings Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
1.09
2025
- -
- -
2.46
2026
- -
- -
- -

Semi-annual Dividends Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.04
2025
- -
- -
0.04
2026
- -
- -
- -

Company Description

CEO
Dirk Oehme
Full Time Employees
44
Sector
Finance
Industry
Real estate development
Address
Tilly-Park 1 Neuburg an der Donau BV Germany 86633
IPO Date
Jan 25, 2018
Website
vib-ag.de
Business
VIB Vermögen AG specializes in the development, acquisition, portfolio management, and selective sale of modern commercial real estate properties, with a primary focus on logistics and light industrial assets alongside office properties; it also provides comprehensive property management services and solutions for institutional investors, including fund structuring, club deals, and individual mandates, while holding interests in real estate asset companies. Founded in 1993 and headquartered in Neuburg an der Donau, Germany, the company operates primarily in Germany with expansion beyond southern Germany through its regional platform integrated into the Branicks Group AG network, managing a diversified portfolio of 128 properties totaling 1.9 million square meters in rentable space valued at EUR 3.0 billion, comprising 86 owned properties generating EUR 103 million in annualized rental income at 95.4% occupancy and 42 institutional properties generating EUR 62 million at 99.3% occupancy. Shares trade on the Munich m:access and Frankfurt Open Market exchanges under ticker VIH1.DE since 2005. In July 2025, VIB Vermögen AG acquired the institutional investor business of Branicks Group AG for approximately EUR 360 million, bolstering its property management platform and operational synergies; in October 2025, discussions commenced for a control and profit transfer agreement with Branicks subsidiary DIC Real Estate Investments GmbH & Co. KGaA, including compensation for minority shareholders and a share exchange offer using conditional capital; the company sold two southern Germany logistics centers in October 2025, including fully let facilities in Ingolstadt and Kösching totaling over 31,000 square meters, to realize portfolio value and support regional diversification; earlier in 2025, it acquired eight properties from Branicks and reported strong first-half growth with funds from operations up 20% to EUR 47.8 million and full-year 2024 FFO at EUR 79.5 million, up 9.6% from 2023.