DEUTSCHE INDUSTRIE REIT-AG Content
4.Development of financial position, liquidity, and financial performance ................................................ 7
Cover picture | Düren, Kreuzauer Str.
Quarterly statement for the period 1 October 2020 to 31 December 2020
The following quarterly statement of Deutsche Industrie REIT-AG (hereinafter also referred to as
"Deutsche Industrie", "DIR" or "Company") describes the significant course of business as well as the Financial position, Liquidity and Financial Performance of the first three months of the financial year 2020/2021 ("Q1 2020/2021"). The interim financial statements have been prepared in accordance with IFRS as adopted by the EU and have not been audited.
1.
Deutsche Industrie REIT-AG
Deutsche Industrie REIT-AG sustainably invests in German light industrial real estate. Light industrial includes storage, distribution of goods as well as management and production. This asset class consists mostly of medium to large industrial and commercial estates. These properties are usually more complex than pure logistics real estate and have a high local relevance.
The company was founded as Jägersteig Beteiligungs GmbH in November 2014. In October 2017, the name was changed to Deutsche Industrie Grundbesitz AG. At the beginning of 2018, the status of a
REIT ("Real Estate Investment Trust") with the associated income tax exemption was obtained. Since then the company has been renamed Deutsche Industrie REIT-AG.
Since 7 December 2017, the share has been listed on the regulated market of Berlin Stock Ex-change and since 19 December 2018 in the segment of the regulated market with additional post-admission obligations (Prime Standard) on the Frankfurt Stock Exchange.
The share of the Deutsche Industrie REIT-AG:
ISIN / WKN | DE000A2G9LL1 / A2G9LL |
Ticker Symbol | JB7 |
No. of Shares | 32,079,505 |
Nominal capital | EUR 32,079,505.00 |
Stock exchanges | Börse Berlin (Regulated Market), Frankfurt, XETRA (Prime Standard) |
Highlights
01/10/2020-31/12/2020 | 01/10/2019- Difference 31/12/2019 % | |
Income statement (TEUR) Gross Rental income Net rental income Result from the revaluation of investment properties EBIT Finance result Net income FFO FFO per share (€) Recurring costs ratio Balance sheet (TEUR) Investment properties Total assets Equity Total debt (net) Loan-to-Value (LTV) Ø Cost of debt Ø Loan Duration (years) EPRA NAV EPRA NAV per share undiluted (€) REIT metrics REIT equity ratio Share information Shares issued Average number of shares 01/10 - 31/12 Market cap in € million Share price XETRA (€) Real estate portfolio # Properties Commercial rental space in m² Annualised In place rent in € million Occupancy commercial WALT in years IPR commercial in €/m² Market value in € million Rental yield | 11,851 9,062 0 7,913 -446 7,466 7,903 0.2 6.9% 31/12/2020 | 8,767 7,393
30/09/2020 Difference % |
606,663 741,012 384,347 327,294 39.7% 2.6% 7.4 384,175 11.98 63.4% 32,079,505 32,079,505 481.2 15.00 73 1,296,680 47.4 87.4% 5.0 3.41 583.2 8.1% | 585,820 715,849 377,200 309,638
32,079,505 0 0.0% 29,297,634 2,781,871 9.5% 538.9 16.80
1,052,886 243,794 23.2% 37.9
| |
3. Business performance
3.1.
Real estate portfolio
In the period under review, the portfolio grew due to further acquisitions. A total of four properties were transferred. In total as of 31 December Deutsche Industrie therefore owned 73 properties as of 31 December:
# | Properties | No. of commercial units | Total rental space in m² | Commercial rental space in m² | Annualised In place rent in m€ | Occupancy commercial | WALT in years | IPR commercial in €/m² | Current market value m€ | Yield |
69 | Properties with transfer before 01/10/2020 | 1,536 | 1,582,167 | 1,225,095 | 45.2 | 86.8% | 4.9 | 3.47 | 565.0 | 8.0% |
4 | Properties with transfer 01/10/2020 until 31/12/2020 | 47 | 118,100 | 71,585 | 2.1 | 98.1% | 6.8 | 2.52 | 18.3 | 11.6% |
73 | Portfolio as of 31/12/2020 | 1,583 | 1,700,267 | 1,296,680 | 47.4 | 87.4% | 5.0 | 3.41 | 583.2 | 8.1% |
6 | Properties with transfer after 31/12/2020 | 174 | 106.215 | 103.703 | 4,4 | 93,6% | 9,1 | 3,66 | 45,2 | 9,7% |
79 | Proforma Portfolio | 1,757 | 1,806,482 | 1,400,383 | 51.7 | 87.8% | 5.3 | 3.43 | 628.4 | 8.2% |
3.2.
Financing
During the first three months of the current 2020/2021 fiscal year, Deutsche Industrie concluded a total of four loan agreements with various cooperative banks and savings banks for a total nominal loan volume of 17.2 € million. The loans were secured, as is customary in the market, by first-ranking land charges and the assignment of rent and lease payments.
Lender | Initial interest rates | Nominal Loan | Duration (years) | Fixed interest (years) | Refinanced properties |
VerbundVolksbank OWL eG | 1.20% | 2,520,000 € | 14.8 | 14.8 | Bielefeld |
Berliner Volksbank | 0.85% | 4,900,000 € | 9.8 | 9.8 | Wedemark |
Kreissparkasse Ostalb | 1.20% | 6,500,000 € | 8.0 | 8.0 | Mönchweiler |
Volksbank Main-Tauber | 1.10% | 3,300,000 € | 10.0 | 10.0 | Lauda-Königshofen, Grünsfeld |
Total | 1.08% | 17,220,000 € | 9.9 | 9.9 |
As at 11 February 2021, the pro forma balance sheet structure of bank loans, loans concluded with disbursement dates after the balance sheet date, loans with contracts concluded but not yet disbursed and loans in the pipeline with concrete financing preparations is as follows:
Financing status | # | Interests | Amortisation | Loan nominal | Loan Duration (years) | Fixed interest (years) |
Balanced loans | 27 | 1,67% | 4,69% | 169,9 m€ | 10,1 | 7,4 |
Loans disbursed after balance sheet date | 3 | 1,26% | 5,87% | 20,3 m€ | 14,2 | 13,0 |
Total loans pro forma | 30 | 1,63% | 4,81% | 190,2 m€ | 10,5 | 8,0 |
Loan agreement but not yet disbursed | 3 | 1,24% | 5,02% | 8,8 m€ | 11,9 | 9,2 |
Loan pipeline | 4 | 1,80% | 3,81% | 42,0 m€ | 7,4 | 4,6 |
Total loan pipeline pro forma | 7 | 1,71% | 4,02% | 50,8 m€ | 8,2 | 5,4 |
Total pro forma | 37 | 1,64% | 4,65% | 240,9 m€ | 10,0 | 7,5 |
Photo | Altlandsberg, Seeberger Str.
Development of financial position, liquidity, and financial performance
4.1.
Financial position
Assets
The balance sheet total increased in the first quarter to TEUR 741,012.0 (30/09/2020: TEUR 715,848.7). On the asset side, this resulted primarily from the growth of the property portfolio through newly acquired properties. Accordingly, the company's investment properties are recognised at TEUR 606,663.2 as of 31/12/2020 (30/09/2020: TEUR 585,819.7). The other financial assets are financial investments with terms of more than one year; they are recognised at TEUR 18,400.7 (30/09/2020: TEUR 22,949.2).
Further changes on the assets side resulted from the increase in other non-current assets in the amount of TEUR 25,483.0 (30/09/2020: TEUR 7,474.1), due to advance payments made on newly acquired investment properties that have not yet been converted through a change of ownership.
Current assets decreased to TEUR 89,287.1 (30.09.2020: TEUR 98,073.5). The main reason for this is the contribution of receivables from shareholder loans and financial investments from the asset item other current assets. The other current assets are mainly financial investments with maturities of up to one year of TEUR 87,884.6 (30/09/2020: TEUR 94,618.3).
Analysis of other current assets:
TEUR | 31/12/2020 | 30/09/2020 |
Receivables from shareholder loans | 62,023.5 | 71,994.1 |
Short-term investment in acquired loan parts via Creditshelf in-cluding receivables from affiliated companies included therein | 16,191.7 | 15,934.4 |
Interest receivables from shareholder loans | 4,420.3 | 3,020.0 |
Tenant deposits | 1,547.7 | 1,358.5 |
VAT receivables | 1,099.5 | 1,198.9 |
Receivables from purchaser settlements | 10.3 | 103.8 |
Unfinished services after offsetting against advance payments received | 227.2 | 70.4 |
Trust accounts | 671.8 | 0.0 |
Other | 1,692.4 | 938.2 |
Total other current assets | 88,044.6 | 94,618.3 |
Liabilities
On the liabilities side, equity increased mainly due to the balance sheet profit of TEUR 122,051.7 (30/09/2020: TEUR 114,585.5). The increase in liabilities to banks is due to new loans of TEUR 149,375.1 (30/09/2020: TEUR 134,664.2). The increase in liabilities to banks is due to new loans of TEUR 149,375.1 (30/09/2020: TEUR 134,664.2). Other non-current liabilities consist almost exclusively of capitalised ground rent and rent deposits received, as at 31/12/2020 TEUR 21,220.0 (30/09/2020: TEUR 21,112.4). Current liabilities increased by TEUR 1,976.2 to TEUR 17,692.1 (30/09/2020: TEUR 15,715.9). Analogous to the new loans taken out, current liabilities to banks (interest) increased by TEUR 9,543.7 (30/09/2020: TEUR 7,820.7).
The EPRA NAV (Net Asset Value) is calculated as follows: 1
TEUR | 31/12/2020 | 30/09/2020 |
Equity | 384,346.6 | 377,200.0 |
NAV | 384,346.6 | 377,200.0 |
Fair Value of financial derivates | -171.9 | -491.4 |
EPRA NAV | 384,174.8 | 376,708.6 |
No. of shares | 32,079,505 | 32,079,505 |
EPRA NAV per share (€) | 11.98 | 11.74 |
The net LTV (loan-to-value) is derived as follows:
TEUR | 31/12/2020 | 30/09/2020 |
Non-current financial liabilities | ||
Liabilities to banks | 149,375.1 | 134,664.2 |
Liabilities from corporate bonds | 119,287.2 | 118,065.2 |
Liabilities from convertible bonds | 49,088.0 | 49,088.0 |
Other non-current liabilities | 21,220.0 | 21,112.4 |
Current financial liabilities | ||
Liabilities to banks | 9,543.7 | 7,820.7 |
Other non-current financial assets | -18,400.7 | -22,949.2 |
Current financial assets | ||
Cash and cash equivalents | -527.2 | -35.1 |
Trust accounts | -671.8 | 212.5 |
short-term loans | -78,215.3 | -87,928.5 |
Net debt | 250,698.9 | 220,050.1 |
Investment properties | 606,663.2 | 585,819.7 |
Advance payments on investment property | 25,483.0 | 7,474.1 |
Total Investment properties | 632,146.2 | 593,293.8 |
Net LTV | 39.7% | 37.1% |
1 The EPRA NAV shown here will be presented in H1-2020/2021 in accordance with the new methodology for determining the NAV under EPRA, including reconciliation
4.2. Liquidity
The cash flow statement is as follows:
TEUR | Q1 2020/2021 | Q1 2019/2020 |
Cash flow from operating activities | 9,804.5 | 3,901.1 |
Cash flow from investing activities | -24,485.0 | -114,413.8 |
Cash flow from financing activities | 15,172.5 | 111,041.8 |
Change in cash and cash equivalents | 492.0 | 529.1 |
Cash and cash equivalents at the beginning of the period | 35.2 | 2,065.7 |
Cash and cash equivalents at the end of the period | 527.2 | 2,594.8 |
Cash flow from operating activities increased to TEUR 9,804.5 (TEUR 3,901.1 as at Q1 2019/2020) due to the higher operating management result.
The cash flow from investing activities mainly includes payments for cash payments related to properties investments in the amount of TEUR -38,852.4 as well as the position cash inflows due to financial in-vestments in the amount of TEUR 17,232.0 (as of Q1 2019/2020: TEUR 0.0) in the context of short-term financial management. The cash flow from investing activities amounts to TEUR -24,485.0 as at 31 December 2020 (as at Q1 2019/2020: TEUR -114,413.8).
Cash inflow from loans in the amount of TEUR 17,520.0 (Q1 2019/2020: TEUR 21,900.0) had a signifi-cant impact on the cash flow from financing activities in the amount of TEUR 15,172.5 (Q1 2019/2020: TEUR 111,041.8).
The company was able to meet its payment obligations at all times.
4.3.
Financial performance
The financial performance of Deutsche Industrie developed as follows in the first quarter of the 2020/2021 financial year:
TEUR | Q1 2020/2021 | Q1 2019/2020 |
Net rental income | 9,061.9 | 7,393.3 |
Other income | 356.8 | 13.4 |
Result from the revaluation of investment properties | 0.0 | 2,265.2 |
Administrative expenses | -1,505.9 | -2,205.6 |
EBIT | 7,912.8 | 7,466.3 |
Finance result | -446.3 | -2,195.2 |
EBT | 7,466.5 | 5,271.1 |
Other tax | -0.3 | 0.0 |
Net income | 7,466.2 | 5,271.1 |
Net rental income and thus the rental result increased significantly to TEUR 9,041.9 (Q1 2019/2020:
TEUR 7,393.3) due to the enlarged property portfolio resulting from the acquisition. In addition, the operating and service charge settlements at the end of 2020 had a positive effect on the rental result. Management expenses increased in line with the growth in the property portfolio.
The lower administrative expenses of TEUR -1,505.9 (Q1 2019/2020: TEUR -2,205.6) are mainly the result of the lower number of depreciations and impairments due to the valuation of the financial investments. For Q1 2020/2021, this results in an impairment amount of TEUR -357.8 (Q1
2020/2021: -1,461.2). Furthermore, other administrative expenses increased in correlation with the company's growth.
The low financial result of TEUR -446.3 (Q1 2019/2020: TEUR -2,195.2) is made up of the financing liabilities (loans and bonds), which correspond to the larger real estate portfolio, and increased interest income from financial investments of TEUR 2,037.2 (Q1 2019/2020: TEUR 336.7). The interest expense leasing in the amount of TEUR -437.6 results from ground rent paid (Q1 2019/2020: TEUR -39.2).2
The result achieved in Q1 amounts to TEUR 7,466.2 (Q1 2019/2020: TEUR 5,271.1). The FFO (funds from operations) and aFFO (adjusted funds from operations) derived from this are as follows:
TEUR | Q1 2020/2021 | Q1 2019/2020 |
Net income | 7,466.2 | 5,271.1 |
Adjustment amortisation and depreciation | 34.8 | 47.0 |
Adjustment revaluation of investment properties | 0.0 | -2,265.2 |
Adjustment revaluation result financial liabilities | 0.0 | 416.0 |
Adjustment for special effects / non-cash expenses + income | 103.3 | 1,487.2 |
Adjustment for one-off expenses/income | 298.7 | 39.0 |
FFO | 7,903.0 | 4,995.1 |
- Capex | -1,520.5 | -1,076.1 |
aFFO | 6,382.5 | 3,919.0 |
The special effects / non-cash expenses and income mainly include individual value adjustments for loans and rent receivables as well as valuation adjustments for bond interest. The non-recurring effects include non-recurring expenses and income.
For the current interim quarter Q1 2020/2021, this results in FFO per share of EUR 0.25 (Q1 2019/2020: EUR 0.19).
2 For the sake of transparency, the interest expense for ground rents was subsequently presented separately for Q1-2019/2020. See more details under 8.2 Statement of comprehensive income.
Outlook and forecast
The following statements on the future business development of DIR are based on the estimates of the Management Board. The assumptions made are considered realistic at present on the basis of the information available. In principle, however, forward-looking statements entail the risk that the developments will not actually occur either in their tendency or in their extent.
The first three months of the 2020/2021 financial year were positive. We therefore confirm our forecast and continue to expect FFO of between 32 € million and 34 € million for the 2020/2021 financial year. The FFO - run rate (annualised FFO excluding accrual effects) continues to be fore-cast at between 38 € million and 40 € million at the end of the 2020/2021 financial year.
The still ongoing Covid 19 pandemic and the macroeconomic effects on the further course of the year are difficult to estimate; future adjustments to the forecast cannot be ruled out.
6.
Risk situation
Due to its business activities, Deutsche Industrie REIT-AG is exposed to operational and economic opportunities and risks. According to the Management Board's assessment, the risk situation has not changed significantly in the course of the 2020/2021 financial year to date. In this respect, reference is made to the detailed presentation in the management report of the annual report for the financial year ending 30 September 2020 in the section "Opportunity and risk report".
Due to the current macroeconomic fragility, extended monitoring is being carried out, especially with regard to the SARS-CoV-2 pandemic. So far, DIR has not recorded any serious effects on the company's risk situation.
Events after the balance sheet date
The following significant events occurred after the balance sheet date of 31 December 2020 that were not to be taken into account in these financial statements.
In January, the change of ownership of four properties took place with a purchase price volume of 33.1 € million:
▪ Metzingen, James-Watt-Str. 9
▪ Gevelsberg, Mühlenstr. 5, 29-31
▪ Gevelsberg, Kölner Straße 64
▪ Sonneberg, An der Müß 42
In the second quarter of the 2020/2021 financial year, the change of ownership of a further two properties that have already been notarised is expected with a purchase price volume of 12.1 € million:
▪ Sembach, Junkersstr. 10
▪ Rosenheim, Schlierseestraße 4
Taking into account all notarised properties, Deutsche Industrie's total portfolio pro forma as of 11 February 2021 consists of 79 properties with a commercial space of approximately 1,400,383 m², a total annualised rent of approximately 51.7 € million and a portfolio value of approximately 628.4
€ million.
On 12 January 2020, Deutsche Industrie concluded two loan agreements totalling € 17.0 million with VerbundVolksbank OWL eG. The loans are used to refinance the commercial properties in Gevelsberg (Mühlenstr. and Kölner Str.). The loans have fixed interest rates of 1.28% and 1.30% with a respective fixed interest period until 30 January 2031 and 31 December 2035.
Rostock, 11 February 2021
Rolf Elgeti | Sonja Petersen | René Bergmann |
CEO | CIO | CFO |
8. Interim financial statement for the period 1/10/2020 to 31/12/2020
Financial year 2020/2021
8.1
Balance sheet as of 31/12/2020
31/12/2020 | 30/09/2020 | |
ASSETS | ||
Non-current assets | 651,724.8 | 617,775.2 |
Investment properties | 606,663.2 | 585,819.7 |
Intangible assets | 3.0 | 3.4 |
Property, plant and equipment | 1,003.0 | 1,037.4 |
Derivative financial instruments | 171.9 | 491.4 |
Other financial assets | 18,400.7 | 22,949.2 |
Other non-current assets | 25,483.0 | 7,474.1 |
Current assets | 89,287.1 | 98,073.5 |
Trade and other receivables | 875.4 | 3,420.0 |
Other current assets | 87,884.6 | 94,618.3 |
Cash and cash equivalents | 527.2 | 35.1 |
Non-current assets held for sale | 0.0 | 0.0 |
Total assets | 741,012.0 | 715,848.7 |
EQUITY AND LIABILITIES | ||
Equity | 384,346.6 | 377,200.0 |
Issued share capital | 32,079.5 | 32,079.5 |
Capital reserve | 229,993.6 | 229,993.6 |
Other reserves | 50.0 | 50.0 |
OCI (Other Comprehensive Income) | 171.9 | 491.4 |
Retained earnings | 122,051.7 | 114,585.5 |
Non-current liabilities | 338,973.3 | 322,932.8 |
Liabilities to banks | 149,375.1 | 134,664.2 |
Liabilities from corporate bonds | 119,287.2 | 118,065.2 |
Liabilities from convertible bonds | 49,088.0 | 49,088.0 |
Other non-current provisions | 3.0 | 3.0 |
Other non-current liabilities | 21,220.0 | 21,112.4 |
Current liabilities | 17,692.1 | 15,715.9 |
Liabilities to banks | 9,543.7 | 7,820.7 |
Other current provisions | 886.1 | 1,542.8 |
Trade payables | 5,193.6 | 2,043.7 |
Other current liabilities | 2,068.6 | 4,308.8 |
Total equity and liabilities | 741,012.0 | 715,848.7 |
Deutsche Industrie REIT-AG | Quarterly Statement Q1 - 2020/2021 | 14 |
Statement of comprehensive income
Q1-2020/2021 Q1-2019/2020
01/10/2020- | 01/10/2019- | |
31/12/2020 | 31/12/2019 | |
Gross Rental income | 11,850.9 | 8,767.1 |
Income from operating and ancillary costs | 2,312.2 | 2,138.5 |
Operating expenses | -5,101.2 | -3,512.3 |
Net rental income | 9,061.9 | 7,393.3 |
Net proceeds from the sale of investment properties | 0.0 | 0.0 |
Other income | 356.8 | 13.4 |
Result from the revaluation of investment properties | 0.0 | 2,265.2 |
Subtotal | 9,418.7 | 9,671.9 |
Personnel expenses | -230.8 | -207.5 |
Amortisation of intangible assets, depreciation of property, plant and equipment | -34.8 | -47.0 |
Impairment loss of inventories and receivables | -357.8 | -1,461.2 |
Other administrative expenses | -882.5 | -489.9 |
Administrative expenses | -1,505.9 | -2,205.6 |
EBIT | 7,912.8 | 7,466.3 |
Valuation result of financial liabilities | 0.0 | -416.0 |
Interest income | 2,037.2 | 336.7 |
Interest expense | -2,045.9 | -2,076.7 |
Ground rents (Finance lease) | -437.6 | -39.2 |
Finance result | -446.3 | -2,156.0 |
EBT | 7,466.5 | 5,310.3 |
Other tax | -0.3 | 0.0 |
Net income | 7,466.2 | 5,310.3 |
Net income for the year as per income statement | 7,466.2 | 5,271.1 |
Items reclassified to profit/loss | -319.5 | 0.0 |
Impairment of acquired loans | 1,691.2 | 0.0 |
Change in fair value of acquired loans | -1,691.2 | 0.0 |
Cash flow hedge reserve | -319.5 | 0.0 |
Total other comprehensive income | -319.5 | 0.0 |
Total comprehensive income | 7,146.7 | 5,271.1 |
Earnings per share (in EUR) | ||
Undiluted result per share | 0.23 | 0.20 |
Diluted result per share | 0.22 | 0.20 |
TEUR
Note: For the sake of transparency, the interest expense for ground rents was subsequently presented separately for Q1-2019/2020.
8.3.
Statement of changes in equity
Issued share capital | Capital reserve | Other reserves | OCI | Retained earnings | Total equity | |
As at 01/10/2019 | 23,451.9 | 89,530.2 | 50.0 | 0.0 | 68,431.1 | 181,463.2 |
Period result | 0.0 | 0.0 | 0.0 | 0.0 | 50,820.6 | 50,820.6 |
Total comprehensive income | 0.0 | 0.0 | 0.0 | 491.4 | 50,820.6 | 51,312.0 |
Cash capital increase/ - reduction | 8,627.6 | 142,506.4 | 0.0 | 0.0 | 0.0 | 151,134.0 |
cost of capital measures | 0.0 | -2,043.1 | 0.0 | 0.0 | 0.0 | -2,043.1 |
Dividend distribution | 0.0 | 0.0 | 0.0 | 0.0 | -4,666.1 | -4,666.1 |
As at 30/09/2020 | 32,079.5 | 229,993.5 | 50.0 | 491.4 | 114,585.6 | 377,200.0 |
As at 01/10/2020 | 32,079.5 | 229,993.6 | 50.0 | 491.4 | 114,585.5 | 377,200.0 |
Period result | 0.0 | 0.0 | 0.0 | 0.0 | 7,466.2 | 7,466.2 |
Total comprehensive income | 0.0 | 0.0 | 0.0 | 171.9 | 7,466.2 | 7,146.7 |
Cash capital increase/ - reduction | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
cost of capital measures | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Dividend distribution | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
As at 31/12/2020 | 32,079.5 | 229,993.6 | 50.0 | 171.9 | 122,051.7 | 384,346.6 |
TEUR
Cash flow statement
Q1-2020/2021 Q1-2019/2020
TEUR
Net income +/- Interest expense/interest income +/- Depreciation, amortisation and write-down/ reversals of intangible assets, tangible assets and financial assets + Impairments on inventories and receivables -/+ Gains / Losses from the revaluation of investment properties -/+ Profit/loss from the valuation of financial liabilities +/- Increase / decrease in provisions
-/+Increase/decrease in inventories, trade receivables and other assets not attributable to investing or financing activities
+/- Increase/decrease in trade payables and other liabilities not attributable to investing or financing activities
Cash flow from operating activities
9,804.5
3,901.1
+ Proceeds from disposals of investment properties (less disposal costs)
- - + - +
Cash payments related to property investments
0.0 -38,852.4
435.0 -26,086.1
Cash payments related to other investments in intangible and tangible assets
0.0
-17.8
Cash Inflow due to financial investments in the context of short-term financial management
17,232.0
0.0
Cash Outflow due to financial investments in the context of short-term financial management
-3,280.0
-88,793.1
Received interests
415.4
48.2
Cash flow from investing activities
-24,485.0
-114,413.8
+ Cash proceeds from the issue of shares
0.0
5,711.2
+ Cash proceeds from capital increases
0.0
87,096.4
- Costs related to capital increases
0.0
-1,285.7
+ Cash inflow from loans
17,520.0
21,900.0
- Amortisation of loans
-1,106.0
-677.9
- Interests paid
-804.0
-1,702.2
- paid interests to landowner ground rent Cash flow from financing activities
-437.5 15,172.5
0.0 111,041.8
Change in cash and cash equivalents
Cash and cash equivalents at the beginning of the period Cash and cash equivalents at the end of the period
492.0 35.2 527.2
529.1 2,065.7 2,594.8
Financial calendar 2021 | |
24 February 2021 | ODDO SEYDLER BANK Small & Mid Cap Conference 2021 |
12 March 2021 | Annual general meeting |
12 May 2021 | H1 2020/2021 financial report |
12 August 2021 | Q3 2020/2021 Quarterly statement |
16 December 2021 | Publication of the annual report for the financial year 2020/2021 |
Publisher |
The Management Board of the Deutsche Industrie REIT-AG
Contact
Deutsche Industrie REIT-AG Registered Office August-Bebel-Str. 68 14482 Potsdam
Phone | +49 (0) 331 74 00 76 -50 |
Fax | +49 (0) 331 74 00 76 -520 |
info@deutsche-Industrie-reit.de | |
Website | https://www.deutsche-industrie-reit.de/en/ |
Disclaimer |
This quarterly report contains forward-looking statements. These are based on current estimates and are therefore subject to risks and uncertainties. In this respect, actual events may differ from the statements formulated here.
The individual financial statements comprise the balance sheet, statement of comprehensive in-come, statement of changes in equity and cash flow statement and are prepared in euros (EUR). All amounts are presented in thousands of euros (TEUR) (exceptions are marked), which may result in rounding differences.
In case of doubt, the German version shall always prevail.
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Deutsche Industrie REIT AG published this content on 11 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 February 2021 09:22:01 UTC.
