Deutsche Konsum REIT-AG releases strong H1 results and raises the forecast for 2016/17

Deutsche Konsum REIT-AG releases strong H1 results and raises the forecast for 2016/17. Deutsche Konsum

Deutsche Konsum REIT-AG releases strong H1 results and raises the forecast for 2016/17

 

Deutsche Konsum REIT-AG  / Key word(s): Half Year Results/Change in Forecast

22.06.2016 10:07

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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Deutsche Konsum REIT-AG releases strong H1 results and raises the forecast
for 2016/17.

Deutsche Konsum REIT-AG finished the first half of the FY 2015/16 with a
profit of EUR 1.2 million in spite of the costs of the listing at the
Berlin stock exchange. FFO amounted to 1.49m in the second quarter.
Allowing for already notarized additions to the portfolio the current pro
forma annualized run rate is approximately 6.7m aFFO (or 40cents per share,
39cents per share in Q1) and 8.5m of FFO (or 52cents per share, 43cents per
share in Q1).

Following the strong H1 results and Q3 additions to the portfolio, such as
the Dompassage in Greifswald, the company increases the guidance for the FY
2016/17 from 47c to 57 FFO and 42c to 44c aFFO per share.


22.06.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap.de

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Language:     English
Company:      Deutsche Konsum REIT-AG
              Försterweg 2
              14482 Potsdam
              Germany
Phone:        +49 (0)331 740076510
Fax:          
E-mail:       wr@obocap.com
Internet:     www.deutsche-konsum.de
ISIN:         DE000A14KRD3
WKN:          A14KRD 
Listed:       Regulated Market in Berlin; Open Market in Frankfurt 
 
End of Announcement                             DGAP News-Service
 
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