Deutsche Industrie REIT-AG : Strong FY 2019-20 results in line with our expectations – initial FY 2020-21e guidance in line with our estimates
>Initial outlook for FY 2020-21e in line with our estimate - On Friday 18 December, Deutsche Industrie REIT (DIR) published strong FY 2019-20 figures, which were in line with our expectations, and provided initial FY 2020-21e FFO I guidance for € 32.0-34.0m in line with our estimate of € 32.6m and € 33.7m for the consensus.Net rental income significantly increased by +49.3% y-o-y to € 31.3m, which was close to our estimate of € 32.0m. Property valuation gains amo...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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