$PBB (-7,74%) increased its new real estate loan business by 14% to 4.5 billion euros in the first nine months. The share of property types considered key to growth—hotels, senior living, student housing, and data centers—doubled to 15%. Provisions for credit losses totaled 32 million euros and pre-tax profit was 28 million euros; both figures were in line with expectations, according to the bank. In the same period last year, the bank reported a loss of 235 million euros with provisions for credit losses of 356 million euros; the main factor being the extraordinary expense associated with the withdrawal from the U.S. market. The U.S. portfolio was reduced by 28% to 2.2 billion euros over the course of the year. The Real Estate Investments division contributed 37 million euros (previous year: 6 million euros). The bank does not anticipate a short-term improvement in market conditions. It expects results for new business volume and profit to be at the lower end of the forecast range.

Barkha Mehmedagic, a member of the Executive Board of $PBB (-7,74%) Deutsche Pfandbriefbank and responsible for the Real Estate Finance Solutions division, will also assume responsibility for Real Estate Investment Solutions effective January 17, 2027. She will thus succeed Pamela Hoerr, who, as announced in April, will let her contract expire in January. Hoerr had built up the bank’s investment management division, which included the acquisition of the Deutsche Investment Group with over 3 billion euros in assets under management.

I know this woman personally. If I owned any stocks, I would sell them.

Earnings summary, 13.11. 👇🏼

Allianz Q3 24 Earnings: $ALV (+1,28%)

- Oper Profit EU3.94B (est EU3.76B)

- Rev EU42.8B, With Records of 14% Op Profit Growth (Q/Q)

- Sees FY Oper Profit In In Upper Half Of EU13.*B -EU15.8B

Porsche SE
$P911 (+0,05%) reports a drop in profit to 2.5 billion euros after tax in the first nine months, compared with 3.8 billion euros in the previous year, and confirms its annual forecasts for profit and net debt. Despite the challenges in the automotive industry, the holding company is attempting to further diversify its investments and has reduced its net debt to 5.1 billion euros.

Renk
$DE000RENK730 (+1%) increased sales by over 19 percent to 778 million euros in the first nine months, driven by demand in the maintenance business and Vehicle Mobility Solutions. Despite an 8.1 percent increase in adjusted EBIT, the margin falls and net profit drops to EUR 7 million due to higher taxes, while the annual targets are confirmed.

The RTL Group $RTLL (-0,47%) expects consolidated revenues to increase to EUR 6.3 billion in 2024, which is below previous expectations, and anticipates an EBIT at the lower end of the range of EUR 700 to 800 million. Revenue in the third quarter fell by 5.5% to €1.3 billion, while the Group's streaming services recorded 6.5 million subscribers.

Auto1
$AG1 (-3,15%) raises its profit forecast for 2024 to between 72 and 84 million euros after the third quarter exceeded expectations with an operating profit of 34.3 million euros. Vehicle sales increased by 26 percent year-on-year to 176,632 units, while turnover grew by 24 percent to 1.6 billion euros.

Heidelberger Druckmaschinen
$HBGRY (+9,86%) achieved a profit of 7 million euros in the second quarter, following a loss in the first quarter. Sales fall by just under seven percent to 512 million euros, while adjusted EBITDA falls to 40 million euros; the annual targets are confirmed.

TAG Immobilien
$TEG (+0,22%) generates a profit of 30 million euros in the first nine months, after a loss of just under 275 million euros in the previous year, and expects a slightly positive operating profit trend for 2024. For the year as a whole, the real estate group expects an operating profit at the upper end of the forecast of EUR 170 to 174 million and further valuation gains in Poland for 2025.

The Deutsche Pfandbriefbank
$PBB (-7,74%) recorded a net profit of 37 million euros in the third quarter, almost five times as much as in the previous year, thanks to lower loan loss provisions. Despite a six percent decline in income, the bank remains behind the previous year with new business of 2.5 billion euros, but sees itself on course for higher profits by 2027.

Ströer
$SAX (-0,61%) recorded an increase in revenue of 2.5% to just under EUR 496 million in the third quarter, while the adjusted operating result rose by 6.1% to almost EUR 157 million. Co-CEO Christian Schmalzl expects high single-digit growth in the out-of-home advertising business for the year as a whole.

Podcast episode 60 "Buy High. Sell Low."

Banker interview part 2, job application, life, personal & private matters. Subscribe to the podcast, because part 3 is coming soon!

Spotify

https://open.spotify.com/episode/67iGQ3lcRqhxsQSXgsdHdY?si=pl4NBip0SK2HevoroljtQA

YouTube

https://youtu.be/_T1XtsyfKx4

Apple Podcast

https://podcasts.apple.com/us/podcast/folge-60-b%C3%A4nker-interview-teil-2-bewerbung-leben-pers%C3%B6nliches/id1695869891?i=1000673078238

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$Pbb (-7,74%) Well moin, what's going on there?

#lossporn

I did everything wrong back then: I was blinded by a dividend that was too high but at the same time believed to be safe + I let myself be guided by emotions when selling. Even though I don't regret the sale or the timing. The money then flowed into my Japan "ETF" made up of 7 selected individual stocks.

$PBB (-7,74%)

I am very annoyed that it has been known for over 2.5 months that the dividend of Deutsche Pfandbriefbank has been canceled and yet it is still shown in my portfolio at €0.95. Do you really have to update this manually? Where do you get your data from?

Thank you and LG

What do you think of Deutsche Pfandbriefbank $PBB (-7,74%) ?

I still have it in my portfolio at the moment, but I'm about to sell it. It seems to me that it is no longer finding a bottom... 🙄

Another position ticked off. I really need to get my portfolio in order. Option 1 - simply sell the small position and never think about it again. Option 2 - take the small position above 500 euros and have an even number of units in the portfolio. Why option 2 - either the prime rate rises and the thing keeps going down or the prime rate falls and the thing goes up again at some point. So now I'll take the dividend and look at the whole thing again in 2026.

Hello!

What do you think?

Will all 3 rise again until the divi distribution?

$O2D (-0,27%)

$RTLL (-0,47%)

$PBB (-7,74%)