Neostar AD
Neostar AD is a Serbian publicly listed real estate company headquartered in Novi Sad, specializing in property leasing, commercial leasing, and related real estate services since 1946, operating with 11-50 employees.
- Company typePrivate
- Founded1946
- HeadquartersNovi Sad
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Neostar AD does
Neostar AD is a Serbian joint-stock company (Akcionarsko Društvo) headquartered in Novi Sad that operates in the real estate sector, with a stated focus on property leasing, commercial leasing, and related real estate services. The company has been in operation since 1946, giving it one of the longer operating histories among publicly traded Serbian real estate firms, and is listed on the Belgrade Stock Exchange under the ticker BELEX:ZVNS.
The firm operates with a small headcount of 11-50 employees, consistent with a locally focused leasing and property services business rather than a scaled national or regional platform. Its public-facing web presence (neostar.rs) is currently limited to a verification/loading screen, and the input data does not disclose specific properties, tenant rosters, or service line breakdowns. Consequently, the granularity of the underlying leasing portfolio, geographic footprint beyond Novi Sad, and contract structures cannot be characterized from the supplied material.
Financially, reported revenue figures (presented in the input table with a USD label but most plausibly denominated in Serbian dinars given the company's domicile) show a rising trend from approximately 227 billion in 2019 to approximately 384 billion in 2023, alongside volatile gross profit and a swing from net income profitability in 2021-2022 to a net loss in 2023. Operating income, however, improved materially in 2023 versus prior years, suggesting an underlying operating leverage story offset by non-operating or one-time items at the bottom line. As a publicly listed, sub-50-employee real estate operator in Serbia, Neostar AD is best understood as a small-cap, locally anchored real estate services entity with limited disclosed transparency.
Neostar AD firmographics
Firmographics- Name
- Neostar AD
- Website
- https://neostar.rs
- Company type
- Private
- Founded year
- 1946
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Neostar AD is a Serbian publicly listed real estate company headquartered in Novi Sad, specializing in property leasing, commercial leasing, and related real estate services since 1946, operating with 11-50 employees.
- Ownership category
- akta.pro rank
Neostar AD industry classification
Industry- Product category
- Commercial Real Estate Leasing
- NAICS
- Lessors of Real Estate (5311)
- SIC
- Real Estate (6500)
- akta.pro primary industry
- Real Estate Tenant Representation (FSAEAJAF)
Keywords
Where Neostar AD is headquartered
LocationHeadquarters
- HQ city
- Novi Sad
Markets served
Neostar AD business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Others
Neostar AD product offering
Product offeringCore offering
Neostar AD is a Serbian real estate company that provides property leasing, commercial leasing, and other real estate services. Its activities center on leasing and managing real estate assets for tenants, primarily in the Novi Sad market.
Differentiator
Problem solved
Functional benefit
Products and services
- Property leasing Leasing of property assets to tenants in Serbia; a core real estate service offered by Neostar AD.
- Commercial leasing Leasing of commercial real estate to business tenants; a primary line of business for Neostar AD.
- Real estate services Additional real estate services related to the company's property portfolio and leasing activities.
Companies that use Neostar AD
Customer profileIdeal customer profiles1 record
Neostar AD technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Neostar AD partnerships and signals
Strategic signalRecent moves3 records
Expansion highlights3 records
Neostar AD competitors and assessment
Company assessmentRegional players
- CA Immobilien Anlagen AG: Austrian-based real estate company owning and letting office properties primarily in Germany, Austria, and CEE, comparable to Neostar through its commercial property leasing model in the broader CEE region.
- NEPI Rockcastle: Leading Central and Eastern European real estate investor and developer focused on retail and office properties, comparable to Neostar as a regional commercial property lessor operating in overlapping CEE geographies.
- Atrium European Real Estate: Owner, operator and redeveloper of retail real estate in Central and Eastern Europe, comparable to Neostar as a CEE-focused commercial real estate lessor with a similar landlord business model.
- Immofinanz AG: Austrian commercial real estate company focused on retail and office properties in CEE, comparable to Neostar through its property leasing business and overlapping regional exposure.
- Globalworth: Owner and operator of office and mixed-use real estate across CEE, comparable to Neostar through its commercial leasing focus and regional Central/Eastern European footprint overlapping Serbia.
Direct peers
- Imovina AD: Serbian real estate company listed on the Belgrade Stock Exchange engaged in property management and real estate services, directly comparable to Neostar in domestic market, business model, and listing venue.
Broad incumbents
- CPI Property Group: One of the largest CEE real estate groups with a diversified portfolio across offices, retail, hospitality and residential, comparable to Neostar as a broader commercial real estate lessor with overlapping CEE presence.
Market position
Strengths3 records
Weaknesses4 records
Competitive moat3 records
Key highlights4 records
Customer concentration
Neostar AD social profiles
Digital presenceNeostar AD financial estimates
Financial estimateRevenue estimate
Valuation estimate
Neostar AD leadership team
Management profileNumber of profiles
Neostar AD funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Neostar AD M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Neostar AD
What does Neostar AD do?
Neostar AD is a Serbian real estate company that provides property leasing, commercial leasing, and other real estate services. Its activities center on leasing and managing real estate assets for tenants, primarily in the Novi Sad market.
Is Neostar AD a public or private company?
Neostar AD is a private company. It is classified as public and is currently operating.
When was Neostar AD founded?
Neostar AD was founded in 1946. It employs 11 to 50 people.
Where is Neostar AD based?
Neostar AD is headquartered in Novi Sad.
Who are Neostar AD's main competitors?
Regional players on record are CA Immobilien Anlagen AG, NEPI Rockcastle, Atrium European Real Estate, Immofinanz AG and Globalworth. Imovina AD is listed as a direct peer. CPI Property Group is listed as a broad incumbent.
Does Neostar AD have an API?
No public API is recorded for Neostar AD.
What industry is Neostar AD in?
Neostar AD's product category is Commercial Real Estate Leasing. Its primary akta.pro industry code is FSAEAJAF, Real Estate Tenant Representation. Its NAICS code is 5311 and its SIC code is 6500.