Deutsche Euroshop AG : Q3 2023 key figures overall in line with our estimates, 2023e FFO I p/s guidance confirmed
>Key figures overall in line with our estimates, 2023 e FFO I p/s guidance confirmed - Deutsche Euroshop (DES) reported yesterday after market close its Q3 2023 figures which were overall in line with our estimates. Management has confirmed its 2023e FFO I p/s guidance which was raised to between € 2.08 and € 2.18 per share in August.Revenues of € 67.8m (+28% y-o-y) were in line with our estimate of € 67.3m. Furthermore, net operating income of € 52.7m (+32.6 % y...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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