Echo Polska Properties NV. JSE: EPP

Echo Polska Properties shares

Background of Echo Polska Properties

  • Echo Polska Properties is a Dutch dual listed real estate investment company that follows the REIT formula, investing in commercial office, retail, and industrial properties throughout Poland. With a current share portfolio that includes 10 office, 10 retail projects and one retail development site in the centre of Warsaw, totalling 636 170m² our initial portfolio is highly diversified.

  • The buildings are located in 16 major cities across the country, characterized by their strong economy and purchasing power, and ability to attract international investment interests.

  • Echo Polska Properties’ goal is to create Poland’s leading, cash-generating platform of well-performing office, retail, and industrial assets that will deliver consistently high returns to its shareholders.

  • EPP is a real estate company that indirectly owns a portfolio of prime retail and office assets throughout Poland, a dynamic CEE economy with a highly attractive real estate market.

  • Echo Polska Properties shares was registered in the Netherlands in January 2016.

  • Echo Polska Properties shares (EPP) was created on base of Polish cash-generating commercial projects built and held by Echo Investment, listed on Warsaw Stock Exchange (WSE) Developer Company controlled by consortium of the most active real estate investor in Central and Eastern Europe – Griffin Real Estate together with Oaktree and PIMCO funds.

  • Apart from owning and managing former Echo Investment’s projects, EPP invests in Poland’s based commercial properties.

  • On 1 January 2016, a South African REIT headquartered in Johannesburg – Redefine Properties – managed to buy a 75% stake in EPP’s issued ordinary share capital, subsequently reducing its shareholding to just under 50% through the purchase of the EPP ordinary stock to a consortium of selected co-investors. This is how EEP got its listing on the Johannesburg Stock Exchange.

  • EPP was incorporated in the Netherlands as a private limited liability company under Dutch law on 4 January 2016 and converted to a public company under Dutch law (naamloze vennootschap) on 12 August 2016. On 1 June 2016, and pursuant to the Redefine transaction,

  • Since the date it was put up for sale, Redefine holds the EPP ordinary shares as nominee on behalf of the co-investors. The remaining approximately 25% of EPP’s issued ordinary shares is held by Echo Prime Assets B.V., a wholly owned subsidiary of Echo, a recognised market leader in Polish commercial and residential property development and investment.

  • EPP will be listed on the Euro MTF market of the LuxSE on Tuesday, 30 August 2016, which constitutes a primary listing and anticipates that it will obtain a dual primary listing on the LuxSE and the JSE on or around Tuesday, 13 September 2016. The first year end of the company is 31 December 2016, the financial year of the company is the calendar year.

Echo Polska Properties Shares Growth Driver

  • EPP has a high quality portfolio of Polish commercial properties with attractive and secure yields. With the predominantly retail portfolio located in one of the most dynamic and fastest growing economies in Europe, experienced management and well reputed strategic partners, EPP represents a compelling investment.

  • Already the largest listed yielding Polish property company, EPP’s goal is to become the dominant retail property owner in Poland while targeting sustainable double-digit annual growth in dividends per share in the short and medium term through a combination of organic and acquisitive growth.

  • Organic growth represents growth opportunities that are already built into the EPP portfolio and include:

     Filling of vacancies in newly developed properties;

     22,000m2 of retail extensions to two of EPP’s existing retail centres that are currently underway;

     The 25% stake in ten ROFO assets acquired by EPP (which entitles EPP to a 25% share in development proceeds as well as a first right of offer to acquire the ROFO assets);

    EPP’s 70% stake in the Warsaw retail development one of the last and best sites for retail development in Warsaw with a planned 110,000 square metre retail development.

  • In addition to organic growth, EPP’s executive management team has access to numerous earnings accretive acquisitive opportunities. Including through its strategic relationships with Echo, a recognised market leader in Polish commercial and residential property development and investment, and Griffin, a leading, dynamically developing investor operating in the CEE real estate market.

  • These relationships provide the company with a significant advantage in the identification and sourcing of high quality real estate assets.

  • EPP’s acquisition strategy history is about focusing on acquiring retail assets in strategic locations, allowing the company to further leverage its portfolio and platform with retail tenants. This is what will ultimately grow EPP’s share price and EPP’s share holdership.

  • In the office sector, EPP looks to selectively acquire high quality, well located office as sets in major Polish cities. This also means that EPP gets to acquire strong international and domestic tenants; this is where the management team believes, on the backing of live data, there is scope for further value uplift.

  • EPP also pro-actively trades office assets to ensure that its portfolio remains balanced and competitive in the long term while aiming to maintain a weighted average unexpired lease term in excess of four years.

  • EPP will also closely monitor the logistics and fulfilment centre sectors for acquisition opportunities that meet its strategic criteria.

Echo Polska Properties Investor Tip

  • Polish office and shopping mall owner Echo Polska Properties (EPP) beat its prelisting dividend forecast by 2.2% in the four months to December 2016.

  • Although distributable earnings of €34m were marginally below the €34.3m forecast in its prelisting statement, EPP achieved a clean-out distribution per share for the period to end August that was 0.5% ahead of forecast at 2.44 euro cents

  • Its dividend for the four months to December 31 of 3.14 euro cents was 2.2% ahead of forecast.

  • EPP can grow to own €3.5bn in assets by 2022, according to CEO Hadley Dean. Which will bode well for EPP’s share price and EPP’s share holdership.

  • EPP’s net asset value (NAV) of €683m translated into NAV per share of €1.16, a performance growth of 12% in six months.

  • EPP lowered its loan-to-value ratio to 52.7% during the period and aims to cut it to 50%.

Echo Polska Properties Major Shareholders

  • Sector

    Real Estate

  • Industry

    Real Estate

How to buy Echo Polska Properties Holdings Shares

  • Echo Polska Properties Holdings : How to buy Echo Polska Properties Holdings Shares Online

    We have made it simple to buy JSE listed firm shares online. The easiest way to buy Echo Polska Properties shares or stocks is to; start by submitting the ‘BUY THIS SHARE’ form. Next, one of our experienced and certified stock brokers will personally get in contact with you to discuss your custom stock request. Finally, a stock advisor will confirm the amount of shares you are looking to invest in Echo Polska Properties and assist you with the setup and management of your stock portfolio account.

  • Here are the steps you must follow to Buy / Purchase Echo Polska Properties Holdings shares with utmost confidence:

    1. Start by Filling in the BUY THIS SHARE form.
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