Deutsche Konsum REIT-AG : Preliminary 2022-23 results with significantly higher property devaluation than expected and suspension of the dividend. Underperform vs Neutral
>Preliminary 2022-23 FFO I in line with our estimate - On Friday afternoon (24 November), Deutsche Konsum REIT (DKG) reported unscheduled preliminary 2022-23 figures (from October 2022 to September 2023) with FFO I in line with our estimate but with significantly higher-than-expected property devaluations. Rental revenues increased by +6.5% y-o-y to € 79.2m, in line with our forecast of € 78.9m, driven by a slightly larger portfolio and rent indexation. Neverthel...Deutsche Konsum REIT AG. Deutsche Konsum REIT AG is a Germany-based real estate investment company. It focuses on the acquisition, rental, inventory management, and sale of retail properties across Germany, with focus on regional centers and micro-locations in the northern and eastern part of 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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.