Deutsche Industrie REIT-AG : Q3 2020-21 results in line with exceptionally strong property valuation gains clearly beating our expectation
>FY 2020-21e FFO I guidance confirmed - Yesterday (12 August), Deutsche Industrie REIT (DIR) published Q3 2020-21 figures, which were fully in line with our forecasts except strong property valuation gains clearly beating our expectations. Rental revenues significantly increased +18.8% y-o-y to € 13.0m, in line with our estimate of € 13.1m and net rental income increased by +9.8% y-o-y to € 10.1m, also in line with our estimate of € 10.2m. Exceptionally strong propert...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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