Edison Investment Research Limited Edison issues outlook on DeA Capital (DEA) 10-Jun-2019 / 16:24 GMT/BST London, UK, 10 June 2019 *Edison issues outlook on DeA Capital (DEA)* As DeA Capital targets growth in its alternative asset management operations, where it is already a leader in Italy, the past year has seen it eliminate the minority interest in its key real estate subsidiary and take its first steps towards building out a pan-European real estate platform. New fund launches across private equity, real estate and credit have more than offset the impact of maturing fund of funds. The discount to IFRS NAV has narrowed over the past year, but at c 0.7x DeA still has the lowest P/BV among a range of peers and the highest yield. The discount to our adjusted NAV (see page 8) of EUR1.75 (ex-dividend) is slightly larger still. A strong balance sheet and cash flow position support an attractive yield, and provide resources for investment to grow AAM further. Click here [1] to view the full report. Subscribe [2]to Edison's content to receive reports by email. All reports published by Edison are free-to-access and available on thewebsite [3]. *About Edison:* Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world-renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisers and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting. Edison is authorised and regulated by the Financial Conduct Authority [4]. Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities. *For more information please contact Edison:* Martyn King, +44 (0)20 3077 5745 Andrew Mitchell, +44 (0)20 3681 2500 financials@edisongroup.com Learn more at Edisongroup.com [3] and connect with Edison on: LinkedIn https://www.linkedin.com/company/edison-group- [5] Twitter www.twitter.com/Edison_Inv_Res [6] YouTube www.youtube.com/edisonitv [7] Dissemination of a CORPORATE NEWS, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. End of Announcement - EQS News Service 822059 10-Jun-2019 1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=1a727a83e96681370a981a03e1c31ecc&application_id=822059&site_id=vwd&application_name=news 2: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=dc4b6da9609a3fa15934b7007f0912b2&application_id=822059&site_id=vwd&application_name=news 3: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=c0da504bc37f356d3fffdc8eee905ae7&application_id=822059&site_id=vwd&application_name=news 4: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=105fe9be9b5e36892886e5a39d51d4b7&application_id=822059&site_id=vwd&application_name=news 5: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=afe662765000a80ab72afd922939c992&application_id=822059&site_id=vwd&application_name=news 6: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=ec2d264fe4f303e2143a2e85c6eaa823&application_id=822059&site_id=vwd&application_name=news 7: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=6b959e4d7ee3c402b931a274d2bbe945&application_id=822059&site_id=vwd&application_name=news
(END) Dow Jones Newswires
June 10, 2019 11:24 ET (15:24 GMT)
