Report
Manuel Martin, CEFA,CREA

DIC Asset AG : No surprises in final figures FY 2022 with a confirmed soft guidance for FY 2023e – Refinancing for FY 2024e remains a topic to be monitored

>Final figures FY 2022 confirming preliminary figures - Yesterday (15 February), DIC Asset (DIC) published final FY 2022 figures, influenced by the full consolidation of VIB Vermögen as of 1 April, confirming its preliminary figures, reported on 25 January 2023, which were at the lower end of the guidance and therefore still meeting expectations. FY 2022 net rental income of € 152.5m (+67.2% y-o-y driven by the consolidation of VIB Vermögen) was close to our esti...
Underlying
DIC Asset AG

DIC Asset along with its subsidiaries invests directly or indirectly in German commercial real estate and operates in the area of portfolio, asset and property management. Co.'s business segments include: commercial portfolio, which comprises portfolio properties owned by Co., which are leased long-term and offer attractive rental yields; and co-Investments, which comprises fund investments, investments in project developments and joint venture investments. As of Dec 31 2013, Co. had six branches located in the Hamburg, Berlin, Dusseldorf, Frankfurt Am Main, Mannheim, and Munich.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Manuel Martin, CEFA,CREA

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