The property portfolio

At the end of 2020, ADLER’s portfolio comprised 52,178 rental units totalling 3.2 million square metres with an annualised net rent (including parking spaces and other areas) of EUR 219.9 million. The fair value of the total portfolio (investment properties and inventories) was EUR 5,020.1 million. The regional focus is on Lower Saxony, North Rhine-Westphalia and Saxony. 2020, the number of units declined by a good 10 percent as a result of further optimisation measures. 

ADLER’s residential portfolio also includes a small number of associated commercial units, mainly shops and offices of a type that is often found in city-centre residential properties.

ADLER owns properties located on the edges of larger conurbations. This is particularly apparent in North Rhine-Westphalia, where all of the company’s properties are in the Ruhr, which is still Germany’s largest industrial region. In Lower Saxony, the property holdings are mainly located in the Wolfsburg/Braunschweig region, a traditionally strong region in economic terms, and in Wilhelmshaven, a city which is benefiting from its deep-water port and from what is the German Navy’s largest base on the North Sea. In Saxony and Saxony-Anhalt, the properties are predominantly located in the – in part strongly – growing catchment areas for Halle, Leipzig, Chemnitz and Dresden.