Report
Manuel Martin, CEFA,CREA

Deutsche Industrie REIT-AG : FY 2018-19 figures slightly above our estimates overall

>Initial 2019-20e FFO I guidance in line with our expectations - Yesterday (19 December), Deutsche Industrie REIT (DIR) published its FY 2018-19 figures which were slightly above our estimates overall. Rental revenues significantly increased +148.4% y-o-y to € 25.5m, in line with our estimate of € 25.3m. DIR posted revaluation gains of € 37.6m (FY 2017-18: € 6.9m) which were close to our estimate of € 36.6m. FFO I p/s of € 0.60 (+62% y-o-y) was slightly above our esti...
Underlying
Deutsche Industrie REIT AG

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.

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

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