Deutsche Industrie REIT : Quarterly Statement Q1 2021/2022

Content
1.	Deutsche Industrie Grundbesitz AG ...........................................................................................................	3
2.	Highlights ......................................................................................................................................................	4
3.	Business performance .................................................................................................................................	5
4.	Voluntary Takeover and Delisting Offer of CTP N.V. .................................................................................	7
5.	Development of financial position, liquidity, and financial performance ................................................	9
6.	Outlook and forecast ..................................................................................................................................	15
7.	Risk situation ..............................................................................................................................................	15
8.	Events after the balance sheet date ..........................................................................................................	16
9.	Interim financial statement for the period 01/10/2021 to 31/12/2021 Financial year 2021/2022 ...........	17
Publisher ..............................................................................................................................................................	22
Contact .................................................................................................................................................................	22
Disclaimer ............................................................................................................................................................	22

Cover picture | Frickenhausen, Nürtinger Str., Kruppstr.

Deutsche Industrie Grundbesitz AG | Quarterly Statement Q1 - 2021/2022	2

Quarterly statement for the period 1 October 2021 to 31 December 2021

The following quarterly statement of Deutsche Industrie REIT-AG (hereinafter also referred to as "Deutsche Industrie", "DIG" or "Company") describes the significant course of business as well as the financial posi- tion, liquidity and financial performance of the first three months of the financial year 2021/2022 ("Q1 2021/2022"). The interim financial statements have been prepared in accordance with IFRS as adopted by the EU and have not been audited.

1. Deutsche Industrie Grundbesitz AG

Deutsche Industrie Grundbesitz 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. At the beginning of 2018, the status of a REIT ("Real Estate Investment Trust") was obtained with the associated income tax exemp- tion.

The share has been listed on the regulated market of the Berlin Stock Exchange since 7 December 2017 and on the sub-segment of the regulated market with additional post-admission obligations (Prime Stand- ard) of the Frankfurt Stock Exchange since 19 December 2018.

During the takeover by CTP, the REIT status was terminated in January 2022 and the listing was cancelled as of 25 January 2022 24:00 CET.

Since 20 January 2022, the name of the company has been Deutsche Industrie Grundbesitz AG again.

The share of the Deutsche Industrie REIT-AG:

ISIN / WKN	DE000A2G9LL1 / A2G9LL
No. of Shares	32,079,505
Nominal capital	EUR 32,079,505.00

Deutsche Industrie Grundbesitz AG | Quarterly Statement Q1 - 2021/2022	3

2.	Highlights
			Change	%	01/10/2021-		01/10/2020-
			31/12/2021		31/12/2020
		Income statement (TEUR)
		Gross Rental income	3,395	28.6%	15,246		11,854
		Net rental income	2,365	26.1%	11,427		9,062
		Result from the revaluation of investment properties	0	0.0%	0		0
		EBIT	3,829	48.4%	11,742		7,913
		Finance result	-19,470	>100%	-19,917		-446
		Net income	-15,641	>100%	-8,175		7,466
		FFO	1,083	13.7%	8,986		7,903
		FFO per share (€)	0.03	13.7%	0.28		0.25
		Recurring costs ratio	-0.4%	-6.1%	6.5%		6.9%
			Difference	%	31/12/2021		30/09/2021
		Balance sheet (TEUR)
		Investment properties	14,534	1.8%	828,631		814,097
		Total assets	27,513	3.0%	954,966		927,453
		Equity	-8,269	-1.7%	480,740		489,009
		Total debt	-32,669	-11.4%	254,965		287,634
		(net) Loan-to-Value (LTV)	2.5%	5.9%	44.5%		42.0%
		Ø Cost of debt	-0.03%	-1.2%	2.42%		2.45%
		Ø Loan Duration (years)	-0.1	-1.5%	6.6		6.7
		EPRA NTA	9.567	2.0%	499,222		489,655
		EPRA NTA per share diluted (€)	0.27	1.9%	14.52		14.25
		Share information
		Shares issued	0	0.0%	32,079,505		32,079,505
		Average number of shares 01/10 - 31/12	0	0.0%	32,079,505		32,079,505
		Market cap in € million	69	12.3%	630.4		561.4
		Share price XETRA (€) (25/01/2022)	2.15	12.3%	19.65		17.50
		Real estate portfolio	Difference	%			31/12/2020
		31/12/2021
		Properties	17	19.3%	90		73
		Commercial rental space in m²	345,457	21.9%	1,642,137		1,296,680
		Annualised In place rent in € million	13.8	23.7%	61.2		47.4
		Occupancy commercial	2.1%	2.5%	89.5%		87.4%
		WALT in years	0.2	4.7%	5.2		5.0
		IPR commercial in €/m²	0	0%	3.41		3.41
		Market value in € million	225.6	28.3%	805.9		583.2
		Rental yield	0.9	6.2%	7.6%		8.1%

Deutsche Industrie Grundbesitz AG | Quarterly Statement Q1 - 2021/2022	4

3. Business performance

3.1 Real estate portfolio

The portfolio grew in the reporting period due to further acquisitions. A total of 4 properties were transferred with a transfer of ownership. Deutsche Industrie therefore had a total of 90 properties balanced as at 31 December 2021:

							No. of			Total rental			Commercial			Annualised			Occupancy			WALT			IPR			Current
	#			Properties			commer-			space			rental space			In place					in			commercial			market		Yield
													commercial
							cial units			in m²			in m²			rent in m€					years			in €/m²			value m€
86		Properties with transfer before	2,073		2,170,471		1,611,668		60.0		89.3%		5.2		3.41		795.9		7.5%
	01/10/2021
4		Properties with transfer 01/10/2021	10		39,617		30,469		1.2		100.0%		7.3		3.43		12.8		9.7%
	until 31/12/2021
1		Sale after 01/10/2021	7		10,036		8,816		0.2		89.7%		1.0		2.39		6.6		3.5%
	90			Portfolio as of 31/12/2021			2,083			2,210,088			1,642,137			61.2			89.5%			5.2			3.41			808.8		7.6%
1		Properties with transfer after	2		21,669		19,684		0.7		100.0%		15.0		2.50		4.9		13.5%
	31/12/2021
	91			Proforma Portfolio			2,085			2,231,757			1,661,821			61.9			89.6%			5.3			3.40			813.7		7.6%

Deutsche Industrie differentiates between three property categories when it comes to the use of the respective properties:

	Type			Properties		Total rental		Commercial		IPR p. m²			Occupancy		WALT		Annualised			% of rent		GAV		Yield
				space		rental space				commercial			rent
	Industrial park	17		465,652 m²	416,473 m²		4.47 €	75.5 %	4.0		17.5 m€	28.5 %		202.5 m€	8.8%
	Logistics			23		425,952 m²		382,201 m²		3.70 €			94.5 %		4.5		16.2 m€			26.5 %		240.3 m€		6.7%
	Production & logistics	50		1,318,484 m²	843,463 m²		2.86 €	94.2 %	6.2		27.5 m€	45.0 %		366.0 m€	7.5%
	Total			90		2,210,088 m²		1,642,137 m²		3.41 €			89.5 %		5.2		61.2 m€			100.0 %		808.8 m€		7.6%

Deutsche Industrie Grundbesitz AG | Quarterly Statement Q1 - 2021/2022	5