Deutsche Industrie REIT-AG : Portfolio expansion continues – Q2 2018-19 results in the range of our expectations
>Q2 2018-19 results within the range of our expectations - Deutsche Industrie REIT (DIR) recently released its results for the quarter ending 31 March 2019 (Q2 2018-19). The company continued to expand its portfolio within the range of our expectations. Rental income increased +134.9% yoy to € 4.8m (Q2 2017-18: € 2.1m) and FFO I was up 83.0% yoy to € 2.7m, equating to FFO I p/s of € 0.12. FFO I p/s was thus up only 22.0% yoy due to the increase in shares outstanding s...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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