Deutsche Industrie REIT-AG : No surprises in DIR´s strong FY 2020-21 results – management recommends accepting CTP´s takeover offer
>FY 2020-21 results in line with our expectations - Yesterday (16 December), Deutsche Industrie (DIR) reported strong FY 2020-21 figures which were in line with our expectations. Rental revenues increased +25.0% y-o-y to € 51.0m, in line with our estimate of € 51.1m and the consensus of € 50.6m. Net rental income rose by +27.9% y-o-y to € 40.0m, also in line with our estimate of € 39.6m. Property valuation gains amounted to € 91.1m (+146.4% y-o-y) and were close...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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