Deutsche Konsum REIT upgraded by Scope Ratings

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

25.02.2019 / 16:20
The issuer is solely responsible for the content of this announcement.


Press release

Deutsche Konsum REIT upgraded by Scope Ratings

Broderstorf, 25 February 2019 - Today Deutsche Konsum REIT-AG (ISIN DE000A14KRD3) has received a rating upgrade by Scope Ratings.

The issuer rating has been upgraded to "BB+ stable" ("BB stable" before) which is supported by the increased size of the company as well as the debt refinancing with reduced financing costs.

Following this, senior unsecured debt has been upgraded to "BBB-" ("BB+" before) which means that the outstanding DKR convertible bonds are also categorised as "Investment grade" now.

Senior secured debt remains unchanged at "BBB" level (Investment grade).


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 of 109 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 Boerse (ISIN: DE 000A14KRD3).


Contact:
Deutsche Konsum REIT-AG
Stefanie Frey
Investor Relations
E-Mail: sf@deutsche-konsum.de
Phone: +49 (0) 331 74 00 76 - 533



25.02.2019 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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