Deutsche Konsum REIT-AG : Q1 2023-24 figures below expectations and still no FFO I guidance
>FFO I guidance might be given in the Q2 2023-24 release - Deutsche Konsum REIT (DKG) today reported Q1 2023-24 figures (from October to December2023) that broadly fell short of our expectations.Rental revenues increased by +6.6% y-o-y to € 19.9m, below our € 21.0m forecast. As such, FFO I declined more than expected, by -21.1% y-o-y to € 8.0m. The company still gave no initial FFO I guidance for FY 2023-24e as it is still in negotiations regarding the refin...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.
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