Deutsche Industrie REIT-AG : Strong Q2 2020-21 results a touch ahead of our forecasts – FY 2020-21e guidance confirmed
>Q2 2020-21 figures were a touch ahead of our forecasts - Deutsche Industrie REIT (DIR) published strong Q2 2020-21 figures, which were a touch ahead of our forecasts and confirmed its guidance for FY 2020-21 FFO I of € 32m-34m. Rental revenues significantly increased +24.9% y-o-y to € 12.4m, slightly above our estimate of € 12.2m. Net rental income increased by +33.9% y-o-y to € 9.6m, also slightly ahead of our estimate of € 9.3m. FFO I of € 8.1m (+35.2% y-o-y) ...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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