Deutsche Euroshop AG : Q2 2022 results overall in line and guidance confirmed – we continue to suggest assessing switching into other shopping centre landlords
>Q2 2022 figures overall in line with FFO I exceeding our forecast - At the end of last week, Deutsche Euroshop (DES) reported its Q2 2022 figures and held its earnings conference call on Friday (12 August). Revenues of € 53.6m (+1.1% y-o-y) were in line with our estimate of € 53.0m. Net operating income of € 43.8m (+11.3% y-o-y) was above our forecast of € 41.3m. Total measurement gains/losses of -€ 4.0m (-74.7% y-o-y) were fully in line with our projection of -€ 4.0...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.
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.
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