DGAP-News: Deutsche Konsum REIT-AG / Key word(s): Miscellaneous Press release Deutsche Konsum REIT: Robust business development despite corona epidemic Rental payments of around 70% received in April 2020 Irrespective of this, DKR is proactively engaged in discussions with affected tenants in order to work out individual solutions that will result in a fair settlement for both our tenants and the Company. This can be achieved, for example, by temporarily deferring rents in combination with lease extensions. Payment obligations fully secured Issue of an unsecured bond and further loan financing / Rating confirmed In addition, secured bank loans of EUR 28 million were taken out with savings banks and Pfandbrief banks in the second quarter. DKR is currently working on further secured loan financing with a volume of around EUR 70 million, which is expected to be paid out shortly. The agreed fixed interest rates are expected to be between 1.50% and 1.80% and thus below DKR's current average interest rate on borrowed capital. The existing scope rating was also confirmed: The issuer rating remains at "BB+ stable" and the rating for secured and unsecured debt capital at "BBB" and "BBB-" (investment grade). DKR well prepared for further acquisitions in the current environment / No significant impact on forecasts expected The Management Board does not currently expect any significant negative effects on the forecast results for the current financial year. About Deutsche Konsum 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: 16.04.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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 |
EQS News ID: | 1022551 |
End of News | DGAP News Service |