Portfolio by apartment size

The residential portfolio held by ADLER Real Estate AG largely comprises small to medium-sized residential units. The apartments have an average size of slightly more than 60 square meters. The portfolio is therefore aligned to the needs of the company’s target group, namely tenants with medium to low incomes. ADLER also sees this alignment as economically expedient. Its properties meet the trend observed for some time now towards an ongoing increase in the number of single-person households in Germany in spite of the decline in the country’s overall population. Moreover, the risk of tenants with low incomes defaulting on their rent payments is reduced as they can obtain support from social security providers in case they should be unable to settle their obligations from their own incomes. Not least, this category of affordable living space is now in the sights of municipal and local councils in their search for permanent homes for refugees. At midyear, a total of around 600 apartments from the overall portfolio were let to people who have come to Germany to seek asylum.

As of June 30, 2016
Apartment size
Number of units
Percent of total portfolio
Rent/sqm/month in EUR
< 45 qm
6,524
13.9
5.65
>= 45 und < 60 qm
15,889
34.0
4.86
>= 60 und < 75 qm
16,507
35.3
4.89
>=75 und < 90 qm
6,113
13.0
4.87
> 90 qm
1,768
3.8
4.81
Total resdential
46.801
100
ø 4.93