Deutsche Konsum REIT publishes audited results and presents Annual Report for the FY 2017/2018

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DGAP-News: Deutsche Konsum REIT-AG / Key word(s): Annual Results18.12.2018 / 15:48 The issuer is solely

Deutsche Konsum REIT publishes audited results and presents Annual Report for the FY 2017/2018

DGAP-News: Deutsche Konsum REIT-AG / Key word(s): Annual Results

18.12.2018 / 15:48
The issuer is solely responsible for the content of this announcement.


Press release

Deutsche Konsum REIT publishes audited results and presents Annual Report for the FY 2017/2018

Broderstorf, 18 December 2018 - Deutsche Konsum REIT-AG (ISIN DE000A14KRD3) has submitted its audited financial figures for the FY 2017/2018.

The annual results fully confirm the preliminary results which have been published on 15 November 2018 and can be concluded as follows:

- Net income of EUR 30.9 million (IFRS) and EUR 6.1 (German Gaap)

- Rental income up 49% to EUR 28.6 million

- Vacancy drops by 34% to 9.6% / WALT amounts 5.2 years

- FFO up 62% to EUR 16.6 million / aFFO of EUR 8.4 million

- Dividend proposal of EUR 0.20 per share

- Balance sheet value of investment property increased to EUR 418.7 million

- EPRA NAV increased by 23% to EUR 7.70 per share

- Net LTV at 51.2%

- FFO forecast of EUR 26 million to EUR 29 million for financial year 2018/2019

The final results have been published by an Earnings presentation on the Company's website under https://www.deutsche-konsum.de/en/investor-relations/presentations/.

Moreover the new Annual Report as well as the financial statements according to German Gaap can be downloaded under https://www.deutsche-konsum.de/en/investor-relations/financial-reports/.

About Deutsche Konsum
Deutsche Konsum REIT-AG based in Broderstorf is a listed real estate company focusing on retail properties in Germany for goods required for daily use in established micro-locations. The focus of the company's activities is on the management and development of real estate with the aim of achieving a steady increase in value and the realisation of hidden reserves. The steadily increasing current property portfolio of Deutsche Konsum comprises 108 retail properties with an annualised rent of EUR 42 million.

Due to its REIT status ('Real Estate Investment Trust'), the company is exempt from corporation and trade tax. The shares of the company are listed on the Prime Standard of the Deutsche Börse (ISIN: DE 000A14KRD3).

 

Contact:
Deutsche Konsum REIT-AG
Mrs. Stefanie Frey
Investor Relations
August-Bebel-Str. 68
14482 Potsdam
Tel: 0331 / 74 00 76 - 533
Fax: 0331 / 74 00 76 - 520
E-Mail: sf@deutsche-konsum.de


18.12.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Deutsche Konsum REIT-AG
August-Bebel-Str. 68
14482 Potsdam
Germany
Phone: +49 (0)331 740076517
Fax: +49 (0)331 740076520
E-mail: ch@deutsche-konsum.de
Internet: www.deutsche-konsum.de
ISIN: DE000A14KRD3
WKN: A14KRD
Listed: Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange


 
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