Deutsche Industrie REIT-AG : Experts are positive on logistics
>Q1 2019-20 results slightly above our estimates – outlook confirmed - At the end of last week, Deutsche Industrie REIT (DIR) published its Q1 2019-20 figures, which were slightly above our estimates, and confirmed its FY 2019-20e FFO I guidance, as we anticipated.Rental revenues significantly increased +99.1% y-o-y to € 8.8m, slightly above our estimate of € 8.6m. DIR´s small revaluation gain of € 2.3m was due to the required valuation of its portfolio for the p...Deutsche Industrie REIT-AG, formerly Deutsche Industrie Grundbesitz AG, is a Germany-based company that operates as a real estate investment trust (REIT). The Company is engaged in acquisition, leasing, management and sale of light industrial real estate. The Company focuses primarily on macro-locations with infrastructurally well-connected transport networks and local relevance. Its goal is to generate constant, sustainable and profit-oriented revenue growth by means of additional acquisitions, ongoing investments in the existing real estate property and strategic asset and portfolio management. The Company's portfolio includes more than 20 industrial properties with more than 480,000 square meters of rental space in total, all located within Germany.
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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