Report
Manuel Martin, CEFA,CREA ...
  • Nour El Houda Hammami

Deutsche Euroshop AG : Final FY 2023 figures confirmed preliminary key figures – muted guidance for FY 2024e reiterated

>Dividend proposal of € 0.80 for FY 2023 below expectations - On Friday (26 April) evening after market close, Deutsche Euroshop (DES) reported its final FY 2023 figures which confirmed its preliminary key figures released on 19 March (revenues, NOI, FFO I and EPRA NTA, amongst others) and which were mainly driven by the acquisition of minority interests in some of its shopping centre limited partnerships beginning of 2023 and some one-off items. Management reiterated...
Underlying
Deutsche EuroShop AG

Deutsche Euroshop is a property, real estate and development group based in Germany. Through its subsidiaries, Co. focuses on acquiring, managing, using and selling investments of all kinds, and in particular investments in retail properties. Management of the properties is outsourced to Co.'s external partner, ECE Projektmanagement GmbH & Co. KG. Co. maintains equity interests in 19 European shopping centers in Germany, Austria, Hungary and Poland. The market value of these shopping centers, which are predominantly in city center locations, amounts to approximately Euro4.3 billion.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Manuel Martin, CEFA,CREA

Nour El Houda Hammami

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