Deutsche Annington graduates to mid-cap index

Deutsche Annington, Germany’s biggest residential real estate company, has been admitted to the MDAX mid-cap index of the Frankfurt stock exchange with effect from 22 September.

Shares in Deutsche Annington have gained about 41% since their stock market debut in July 2013, outperforming a 16% increase by the MDAX due to investor interest in Germany's property market amid low investment yields in other asset classes such as government debt.

‘We are delighted to be admitted to this selective index. This will further boost attention from institutional investors, who see this index as a benchmark,’ said group CEO Rolf Buch.

Since July last year, shares in Deutsche Annington have been listed on the regulated market (Prime Standard) of the exchange. The MDAX index includes the 50 Prime Standard shares from sectors excluding technology that rank immediately below the companies included in the main DAX index. The company size is based on order book volume and market capitalisation. Deutsche Annington’s market capitalisation amounts to around €5.5 bn and its free float of stock is 72.75 %.

Deutsche Annington is Germany’s largest private-sector residential real estate company both in terms of portfolio value and the number of units owned. As at June 30, 2014, it owned some 185,000 residential units worth a total €11.4 bn.