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DEMIRE DEUTSCHE MITTELSTAND REAL ESTATE AG

(DMRE)
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PRESS RELEASE : DEMIRE Deutsche Mittelstand Real Estate AG sells office complex in Ansbach for approximately EUR 18 million

05/05/2021 | 01:11am EDT
DGAP-News: DEMIRE Deutsche Mittelstand Real Estate AG / Key word(s): Real Estate/Disposal 
DEMIRE Deutsche Mittelstand Real Estate AG sells office complex in Ansbach for approximately EUR 18 million 
2021-05-05 / 07:10 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
Ansbach: DEMIRE sells office complex for approximately EUR 18 million 
- Sale proceeds exceed latest valuations, value added through successful asset management 
- DEMIRE completes repositioning of former Telekom building 
- Ansbach University of Applied Sciences and Mittelfranken District are strong anchor tenants 
Langen / Ansbach, 05.05.2021: DEMIRE Deutsche Mittelstand Real Estate AG (ISIN: DE000A0XFSF0) has sold an office 
complex in Ansbach, Bavaria, for approximately EUR 18 million. The former Telekom property in Ansbach was acquired in 
October 2015. The former tenant left the property at the end of 2019. DEMIRE was able to increase the value of the 
property by around EUR 5 million through successful asset management and comprehensive repositioning in 2020 and 2021. 
The property at Bayreuther Straße 111 and Rettistraße 56 has a plot size of 29,650 sqm. Built in 1988, the property has 
a total lettable space of around 12,600 sqm and 200 car parking slots. After the Telekom moved out, the Ansbach 
University of Applied Sciences and the district of Mittelfranken have been acquired as long-term anchor tenants with a 
total of around 6,000 sqm of rental space. DEMIRE took over the leases of former subtenants, which use a further 5,000 
sqm, and optimised them particularly with regard to rental income and lease maturity. The current annual rental income 
amounts to around EUR 1.0 million and the WALT is 5.2 years. 
The city of Ansbach with its 40,000 inhabitants is part of the Nuremberg-Erlangen metropolitan region and is well 
connected to the German motorway network. The property has a direct connection to local public transport and the nearby 
city centre. 
Ingo Hartlief, CEO of DEMIRE, explains: "Through our active asset management and the successful repositioning of the 
office complex in Ansbach, we were able to achieve a reduction in risk as well as an increase in value of around EUR 5 
million. With the new tenant structure with two long-term anchor tenants from the public sector, we successfully 
conclude our REALize-Potential approach in Ansbach through the sale." 
About DEMIRE Deutsche Mittelstand Real Estate AG 
DEMIRE - REALize Potential 
DEMIRE Deutsche Mittelstand Real Estate AG acquires and holds commercial real estate in mid-sized cities and 
up-and-coming locations bordering metropolitan areas across German. The Company's particular strength lies in realising 
the potential of the properties at these locations while focusing on a range of properties that appeals to both 
regional and international tenants. As of 31 Devember 2020, DEMIRE's portfolio contains of 75 assets with lettable 
space totalling about 1 million sqm and has a market value in excess of EUR 1.4 billion. 
The portfolio's focus on office properties with a blend of retail, hotel and logistics properties results in a return / 
risk structure that is appropriate for the commercial real estate segment. The Company places importance on long-term 
contracts with solvent tenants and the realisation of the properties' potential. DEMIRE anticipates continued stable 
and sustainable rental income along with solid value appreciation and expects the portfolio to grow significantly in 
the medium term. As it expands its portfolio, DEMIRE is concentrating on FFO-strong assets with potential and, at the 
same time, disposing of properties that are not in line with its strategy. DEMIRE is taking several steps to further 
the development of its operations and processes. Next to cost consciousness, the operating performance is set to 
improve through an active asset and portfolio management approach. 
DEMIRE Deutsche Mittelstand Real Estate AG shares are listed in the Regulated Market (Prime Standard segment) of the 
Frankfurt Stock Exchange. 
 
Contact: 
Michael Tegeder 
Head of Investor Relations & Corporate Finance 
DEMIRE Deutsche Mittelstand Real Estate AG 
Fon: + 49 6103 3724944 
Email: tegeder@demire.ag 
 
=---------------------------------------------------------------------------------------------------------------------- 
2021-05-05 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:  1192485 
 
End of News   DGAP News Service 
=------------ 

1192485 2021-05-05

 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1192485&application_name=news 
 

(END) Dow Jones Newswires

May 05, 2021 01:10 ET (05:10 GMT)

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DEMIRE DEUTSCHE MITTELSTAND REAL ESTATE AG 1.18% 4.29 Delayed Quote.-5.99%
DJ INDUSTRIAL -1.17% 33871.03 Delayed Quote.13.51%
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Financials
Sales 2021 90,3 M 109 M 109 M
Net income 2021 43,3 M 52,5 M 52,5 M
Net Debt 2021 745 M 903 M 903 M
P/E ratio 2021 12,7x
Yield 2021 3,07%
Capitalization 447 M 544 M 542 M
EV / Sales 2021 13,2x
EV / Sales 2022 14,1x
Nbr of Employees 39
Free-Float 7,37%
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Technical analysis trends DEMIRE DEUTSCHE MITTELSTAND REAL ESTATE AG
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TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
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Mean consensus HOLD
Number of Analysts 3
Average target price 4,87 €
Last Close Price 4,24 €
Spread / Highest target 41,5%
Spread / Average Target 14,8%
Spread / Lowest Target -0,94%
EPS Revisions
Managers and Directors
NameTitle
Ingo Hartlief Chairman-Executive Board
Tim BrŘckner Chief Financial Officer & Member-Executive Board
Alexander Goepfert Chairman-Supervisory Board
Frank H÷lzle Deputy Chairman-Supervisory Board
Kerstin Hennig Member-Supervisory Board