Added to YB: 2025-08-06
Pitch date: 2025-08-01
PSDL.L [bullish]
Phoenix Spree Deutschland Limited
+2.75%
current return
Author Info
No bio for this author
Company Info
The Company is a public limited company incorporated in Jersey, Channel Islands under the Companies (Jersey) Law 1991 (as amended).
Market Cap
GBP 174.4M
Pitch Price
GBP 1.64
Price Target
3.55 (+111%)
Dividend
N/A
EV/EBITDA
46.09
P/E
-4.48
EV/Sales
14.12
Sector
Real Estate Management and Development
Category
special_situation
The Berlin Arbitrage: Phoenix Spree Deutschland
PSDL.L: Berlin property arbitrage at 45% discount to NAV (€1.94 vs €3.55/share). Owns 1,600+ grandfathered condos exempt from conversion ban, enabling individual sales into supply-starved market. Condo sales up 210% YOY, selling 22% above appraised value. 12% 5yr IRR target with €50M annual sales, debt reduction & 2026 capital returns.
Read full article (3 min)