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MarketScreener Homepage  >  Equities  >  Xetra  >  Demire Deutsche Mittelstand Real Estate    DMRE   DE000A0XFSF0

DEMIRE DEUTSCHE MITTELSTAND REAL ESTATE

(DMRE)
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DEMIRE Deutsche Mittelstand Real Estate AG: DEMIRE AG grows to EUR 1.4 billion through further portfolio acquisitions

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05/27/2019 | 01:35am EDT

DGAP-News: DEMIRE Deutsche Mittelstand Real Estate AG / Key word(s): Real Estate/Expansion
DEMIRE Deutsche Mittelstand Real Estate AG: DEMIRE AG grows to EUR 1.4 billion through further portfolio acquisitions

27.05.2019 / 07:30
The issuer is solely responsible for the content of this announcement.



DEMIRE AG grows to EUR 1.4 billion through further portfolio acquisitions

- DEMIRE acquires five department stores for EUR 71 million

- All properties are fully leased to Karstadt on a long-term basis

 

Langen, 27 May 2019 - DEMIRE Deutsche Mittelstand Real Estate AG (ISIN: DE000A0XFSF0) has acquired five department stores for EUR 71.0 million in the scope of a share deal. The properties are located in central inner city locations of German potential cities. The weighted average lease term (WALT) on the fully leased properties is 14.4 years, which has a positive effect on the WALT of DEMIRE's overall portfolio. The properties will initially contribute around EUR 3.1 million per year to FFO I before taxes and minority interests. Transfer of ownership is planned for the second half of 2019.

Ingo Hartlief, CEO of DEMIRE, says: "The second portfolio acquisition in 2019 increases our property portfolio to a total of approximately EUR 1.4 billion, corresponding to external growth of around 21 percent in the current fiscal year. This acquisition diversifies our recently expanded portfolio of offices while keeping the ratio of retail properties constant. The realisation of growth potentials is a core element of the DEMIRE strategy."

Press Contact

RUECKERCONSULT GmbH
Nikolaus von Raggamby
Phone: +49 30 28 44 987 40
Mail: demire@rueckerconsult.de


Investor Relations

DEMIRE - Deutsche Mittelstand Real Estate AG
Michael Tegeder
Phone: +49 6103 - 372 49 44
Mail: tegeder@demire.ag

About DEMIRE Deutsche Mittelstand Real Estate AG

DEMIRE - First in Secondary Locations

DEMIRE Deutsche Mittelstand Real Estate AG has commercial real estate holdings in mid-sized cities and up-and-coming locations bordering German metropolitan areas. The company's specific forte is its focus on these second-tier cities - its claim being "First in Secondary Locations" - and on a range of assets that appeals to both internationally active and regionally rooted tenants. Having expanded rapidly in recent years both by buying single properties and by acquiring equity interests, DEMIRE holds a portfolio with a combined lettable area of around 1 million sqm and a fair market value of more than EUR 1.4 billion today.

The portfolio focus on office, retail and logistics assets results in exactly the kind of risk/return structure that DEMIRE considers appropriate for the business line of commercial real estate. The Company puts a premium on long-term contracts with solvent tenants in anticipation of stable and sustainable rent revenues. DEMIRE has set itself the goal to keep optimising its corporate structure. To this end, it pursues an active property management approach, convinced that it is the best way to achieve economies of scale and portfolio optimisations. DEMIRE Deutsche Mittelstand Real Estate AG shares (ISIN: DE000A0XFSF0) are listed in the Prime Standard segment of the Frankfurt Stock Exchange.




 


27.05.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: DEMIRE Deutsche Mittelstand Real Estate AG
Robert-Bosch-Straße 11 im 'the eleven'
63225 Langen (Hessen)
Germany
Phone: +49 6103 37249-0
Fax: +49 6103 37249-11
E-mail: ir@demire.ag
Internet: www.demire.ag
ISIN: DE000A0XFSF0
WKN: A0XFSF
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange
EQS News ID: 815519

 
End of News DGAP News Service

815519  27.05.2019 

fncls.ssp?fn=show_t_gif&application_id=815519&application_name=news&site_id=zonebourse

© EQS 2019
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Financials (EUR)
Sales 2019 82,3 M
EBIT 2019 108 M
Net income 2019 69,3 M
Debt 2019 663 M
Yield 2019 -
P/E ratio 2019 8,15x
P/E ratio 2020 10,1x
EV / Sales2019 14,1x
EV / Sales2020 13,5x
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Mean consensus OUTPERFORM
Number of Analysts 3
Average target price 5,07  €
Last Close Price 4,70  €
Spread / Highest target 19,1%
Spread / Average Target 7,80%
Spread / Lowest Target -6,38%
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Managers
NameTitle
Ingo Hartlief Chairman-Executive Board
Alexander Goepfert Chairman-Supervisory Board
Tim Brückner Chief Financial Officer
Frank Hölzle Vice Chairman
Thomas Wetzel Member-Supervisory Board