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Aareal Bank AG (AAALY)

34.65

0.00

(0.00%)

As of March 29 at 10:38 AM EDT. Market Open.

Aareal Reduces Non-Performing US Office Loans by €500 Million

(Bloomberg) -- Aareal Bank AG said it reduced the volume of non-performing US office loans by about €500 million ($543 million) as it moves to contain the fallout from deteriorating real estate markets.Most Read from BloombergTrumpism Is Emptying ChurchesIran’s Better, Stealthier Drones Are Remaking Global WarfareBillionaire Geiger, Blackstone Near L’Occitane DealUkraine Says It’s Behind Blaze on Russian Warship in Baltic SeaYellen Junks 200 Years of Economics to Block China Clean TechThe reduct

Bloomberg 16 days ago

ARLN.HM
Aareal Bank owners hire advisers to sell property lender's tech arm, sources say

The owners of Aareal Bank have lined up advisers to sell its tech unit, three people familiar with the matter told Reuters, as the German property lender navigates a global crunch in commercial real estate. The shareholders, led by Advent International and Centerbridge Partners, recently chose Arma Partners to gauge interest in the division, known as Aareon, the people said. Other buyout groups including Blackstone, CVC Capital Partners, Hg Capital and KKR & Co have been eyeing the unit ahead of an auction planned for later this year, one of the sources said, speaking on condition of anonymity because the talks are private.

Reuters last month

ARLN.HM
Commercial Real Estate Woes Hit German Banks

Bonds issued by Deutsche Pfandbriefbank, a small property lender, sold off on concerns it will have to increase provisions to cover for a potential wave of defaults. Deutsche Pfandbriefbank relies heavily on commercial real estate financing for earnings and the U.S. represents 15% of the bank's portfolio in this area, according to S&P. + The yield on a riskier Tier 2 bond from Deutsche Pfandbriefbank surged, briefly topping 11%. + Debt in Aareal Bank, another small property-focused lender, also sold off.

The Wall Street Journal 2 months ago

PBBGF

AAALY
0.00%

Performance Overview

Return	AAALY	DAX PERFORMANCE-INDEX
YTD	0.00%	+6.91%
1-Year	0.00%	+12.89%
3-Year	+34.41%	+17.21%

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Aareal Bank AG (AAALY)

Aareal Reduces Non-Performing US Office Loans by €500 Million

Aareal Bank owners hire advisers to sell property lender's tech arm, sources say

Commercial Real Estate Woes Hit German Banks

Performance Overview