EQS-News: Deutsche Konsum REIT-AG / Key word(s): Legal Matter
Potsdam, 17 July 2023 - Deutsche Konsum REIT-AG (ISIN DE000A14KRD3) was informed today by the Berlin-Brandenburg Fiscal Court that DKR's action for a suspension of execution in the REIT litigation has been dismissed. No appeal was allowed by the Fiscal Court.
Accordingly, DKR must pay income taxes for the years 2016 to 2020 (EUR 9.8 million) and make advance tax payments for the years 2022 and 2023 (EUR 6.2 million). DKR had already formed corresponding provisions for this as a precaution.
Irrespective of the outcome of the suspension of execution proceedings, DKR is currently examining further possibilities and prospects of success in the higher court proceedings in the main case concerning the recognition of the REIT status challenged by the Potsdam tax authorities.
Statements on possible effects on the tax assessments for shareholders cannot be made at present. It is recommended to check this individually with a tax advisor.
About the Company
Deutsche Konsum REIT-AG, Broderstorf, is a listed real estate company focusing on German retail properties for everyday goods in established micro-locations. The focus of the Company's activities is on the acquisition, management and development of local retail properties with the aim of achieving a steady increase in value and the lifting of hidden reserves.
The shares of the Company are listed on the Prime Standard of Deutsche Börse (ISIN: DE000A14KRD3) and on the JSE (JSE Limited) (South Africa) by way of a secondary listing.
Deutsche Konsum REIT-AG
Mrs. Stefanie Frey
Tel: 0331 / 74 00 76 - 533
Fax: 0331 / 74 00 76 - 520
|Company:||Deutsche Konsum REIT-AG|
|Phone:||+49 (0)331 740076517|
|Fax:||+49 (0)331 740076520|
|Listed:||Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Munich, Stuttgart, Tradegate Exchange; JSE Securities Exchange|
|EQS News ID:||1681899|
|End of News||EQS News Service|