EQS-News: Deutsche Konsum REIT-AG / Key word(s): Disposal Deutsche Konsum REIT-AG sells 14 retail properties / Proceeds from the sale will be used in full to repay financial liabilities 28.03.2024 / 15:00 CET/CEST The issuer is solely responsible for the content of this announcement. Deutsche Konsum REIT-AG sells 14 retail properties / Proceeds from the sale will be used in full to repay financial liabilities Potsdam, 28 March 2024 - The Management Board of Deutsche Konsum REIT-AG (ISIN DE000A14KRD3) today notarised the sale of a sub-portfolio of 14 properties. The sub-p...
EQS-News: Deutsche Konsum REIT-AG / Schlagwort(e): Verkauf Deutsche Konsum REIT-AG veräußert 14 Einzelhandelsobjekte / Veräußerungserlöse fließen vollständig in die Rückführung von Finanzverbindlichkeiten 28.03.2024 / 15:00 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Potsdam, 28. März 2024 - Der Vorstand der Deutsche Konsum REIT-AG (ISIN DE000A14KRD3) hat heute den Verkauf eines Teilportfolios aus 14 Immobilien notariell beurkundet. Das Teilportfolio umfasst insgesamt eine Mietfläche von circa 72.000 m² an den Standorten Ludwigslu...
EQS-News: Deutsche Konsum REIT-AG / Key word(s): Miscellaneous Deutsche Konsum seeks to withdraw its secondary listing on the Johannesburg Stock Exchange 26.03.2024 / 06:05 CET/CEST The issuer is solely responsible for the content of this announcement. Potsdam, 26 March, 2024 - Deutsche Konsum REIT-AG ("DKR") (ISIN DE000A14KRD3) is currently primary listed on the Frankfurt Stock Exchange (“FSE”) and secondary listed on the Main Board of the Johannesburg Stock Exchange (“JSE”). The Company`s secondary listing on the JSE on 8 March 2021 was intended to attract interested So...
EQS-News: Deutsche Konsum REIT-AG / Schlagwort(e): Sonstiges Deutsche Konsum strebt Rücknahme des Zweitlistings an der Börse Johannesburg an 26.03.2024 / 06:05 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Potsdam, 26. März 2024 - Die Deutsche Konsum REIT-AG („DKR“) (ISIN DE000A14KRD3) ist an der Frankfurter Wertpapierbörse („FSE“) sowie als Zweitnotiz im Main Board der Johannesburg Stock Exchange („JSE“) gelistet. Die DKR wurde am 8. März 2021 an der JSE notiert, um interessierte südafrikanische Investoren zu gewinnen. Seit der Zwe...
We are downgrading our recommendation on Vidrala to Underperform from Neutral and set our target price at € 96 (+4% vs previous € 92, DCF: 8.4x implied EV/EBITDA 2024e vs historical average of 9.2x and 6.1x of peer group). While the group will be able to outgrow the industry thanks to the consolidation of Vidroporto in Brazil (16% of the group’s EBITDA) and despite the divestment in Italy (8% of 2023 EBITDA), we believe its organic earnings profile will slightly deteriorate considerin...
We are downgrading our recommendation on Vidrala to Underperform from Neutral and set our target price at € 96 (+4% vs previous € 92, DCF: 8.4x implied EV/EBITDA 2024e vs historical average of 9.2x and 6.1x of peer group). While the group will be able to outgrow the industry thanks to the consolidation of Vidroporto in Brazil (16% of the group’s EBITDA) and despite the divestment in Italy (8% of 2023 EBITDA), we believe its organic earnings profile will slightly deteriorate considerin...
>The direct investment market is still muted today, but we think real estate markets could reignite after seeing the first interest rate cuts - We visited the annual real estate conference MIPIM in Cannes last week. Although the weather was great, the mood in the investment market was still a bit muted. The changes in the real estate market leaves many investor uncertain today. It is still too early to see transactions to go up materially and pricing recovery in the ...
>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...
EQS-News: Deutsche Konsum REIT-AG / Key word(s): Quarterly / Interim Statement Deutsche Konsum REIT-AG with solid first quarter in the 2023/2024 financial year 14.02.2024 / 07:10 CET/CEST The issuer is solely responsible for the content of this announcement. Press Release Deutsche Konsum REIT-AG with solid first quarter in the 2023/2024 financial year Rental income increased by 6.6% to EUR 19.9 million Net rental income decreases slightly by 2.0% to EUR 12.7 million Interest-related decline in FFO by 21.1% to EUR 8.0 million / FFO per share at EUR 0.23 Property po...
EQS-News: Deutsche Konsum REIT-AG / Schlagwort(e): Quartals-/Zwischenmitteilung Deutsche Konsum REIT-AG mit solidem ersten Quartal im Geschäftsjahr 2023/2024 14.02.2024 / 07:10 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. PRESSEMITTEILUNG Deutsche Konsum REIT-AG mit solidem ersten Quartal im Geschäftsjahr 2023/2024 Mieterlöse um 6,6 % auf EUR 19,9 Mio. gestiegen Vermietungsergebnis sinkt leicht um 2,0 % auf EUR 12,7 Mio. Zinsbedingter Rückgang des FFO um 21,1 % auf EUR 8,0 Mio. / FFO je Aktie bei EUR 0,23 Immobilienportfoli...
The stabilisation and even slight decline of interest rates in 2024 represents a catalyst for the sector, and leads us to now favour the players that are the best positioned to execute their growth and/or debt reduction strategy. In this context, we prefer Gecina, URW, CTP, Xior and Aedas Homes. We are making 10 rating changes: we upgrade Covivio, NSI, VGP, Patrizia and Xior to Outperform and Altarea, Deutsche Euroshop and SFL to Neutral. We are downgrading Icade and Mercialys to...
La stabilisation des taux d’intérêt, voire éventuellement leur légère baisse courant 2024, constituent un catalyseur pour le secteur et nous amènent à privilégier désormais les acteurs les mieux positionnés pour exécuter leur stratégie de croissance et/ou de désendettement. Dans ce cadre, nous privilégions Gecina, URW, CTP, Xior et Aedas Homes. Nous effectuons 10 changements de recommandation : nous relevons Covivio, NSI, VGP, Patrizia et Xior à Surperformance ainsi que Altarea, ...
Si le discours de Christine Lagarde a déçu par sa timidité, celui de Jérôme Powell a, lui, clairement contenté les marchés, qui ont salué (trop ?) fortement le rapprochement des perspectives de baisses de taux de la Fed. Nous mettons à jour notre allocation sectorielle tactique pour prendre en compte ces nouvelles perspectives sur son score de Valeur Relative vs Taux et sur la dynamique du consensus sur les BPA. Nous dégradons le secteur Autos & Parts de MW à UW, les Télécommunication...
Whereas Christine Lagarde's speech was disappointingly timorous, Jerome Powell's clearly went down well with the markets, which hailed (over enthusiastically?) the prospects for the Fed’s rate cuts materialising sooner than initially expected. We are updating our tactical sector allocation to factor in this new outlook, regarding its Relative Value vs Rates score and the momentum of the consensus on EPS. We are revising down autos & parts from Marketweight (MW) to Underweight (UW), te...
>Final FFO I slightly below guidance - Today, Deutsche Konsum REIT (DKG) published final FY 2022-23 figures (from April to June 2023) which broadly confirmed its mixed preliminary figures released on 24 November with higher-than-expected property devaluations at that point in time. Rental revenues increased by +7.2% y-o-y to € 79.7m, close to our forecast of € 78.9m, driven by a slightly larger portfolio and rent indexation. Nevertheless, FFO I declined slightly ...
EQS-News: Deutsche Konsum REIT-AG / Schlagwort(e): Jahresbericht Deutsche Konsum REIT-AG schließt das Geschäftsjahr 2022/2023 ab 19.12.2023 / 07:10 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Potsdam, 19. Dezember 2023 - Die Deutsche Konsum REIT-AG (ISIN DE000A14KRD3) veröffentlicht die finalen und geprüften Zahlen für das abgelaufene Geschäftsjahr 2022/2023: Mieterlöse um 7 % auf EUR 79,7 Mio. gestiegen Vermietungsergebnis steigt leicht um 1,8 % auf EUR 48,3 Mio. FFO verringert sich zinsbedingt auf EUR 33,1 Mio. / FFO je Aktie ...
EQS-News: Deutsche Konsum REIT-AG / Key word(s): Annual Report Deutsche Konsum REIT-AG closes financial year 2022/2023 19.12.2023 / 07:10 CET/CEST The issuer is solely responsible for the content of this announcement. Potsdam, 19 December 2023 – Deutsche Konsum REIT-AG (ISIN DE000A14KRD3) publishes the final and audited figures for the past financial year 2022/2023: Rental income up 7% to EUR 79.7 million Rental income increases slightly by 1.8% to EUR 48.3 million FFO decreases to EUR 33.1 million mainly due to interest rate hikes / FFO per share at EUR 0.66 (fully di...
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