DGAP-News: Deutsche Industrie REIT-AG / Key word(s): Annual 
Results/Sustainability 
Deutsche Industrie REIT-AG: Deutsche Industrie REIT-AG successfully closes 
2019/2020 financial year and publishes sustainability report for the first 
time 
 
2020-12-18 / 07:02 
The issuer is solely responsible for the content of this announcement. 
 
*Deutsche Industrie REIT-AG successfully closes 2019/2020 financial year * 
*and publishes sustainability report for the first time* 
 
*- *Net profit for 2019/2020 in the amount of 50.8 &euro million 
*- *Gross rental income increased by 60% to 40.8 &euro million 
*- *FFO increases by 91% to 24.6 &euro million or 0.84 &euro per share 
*- *EPRA NAV increases by 52% from 7.74 &euro per share to 11.74 &euro per 
share 
*- *FFO forecast of 32.0 &euro million to 34.0 &euro million for financial 
year 2020/2021 
*- *FFO run rate at 38.0&euro million to 40.0 &euro million at the end of 
the 2020/2021 financial year 
*- *Dividend proposal of 0.24 &euro per share 
 
Rostock, 18.12.2020 - Deutsche Industrie REIT-AG ("DIR") (ISIN 
DE000A2G9LL1) closes the past financial year 2019/2020 profitably and 
successfully. 
 
*Improvement of the financial figures* 
 
DIR's rental income increased from 25.5 &euro million to 40.8 &euro million 
in the past financial year. Analogously, DIR's rental income rose by almost 
50% from just under 21.0 &euro million in the previous year to over 31.0 
&euro million in the 2019/2020 financial year. The administrative expense 
ratio decreased from 7.7% in the previous year to 6.9%. 
 
FFO (Funds From Operations) increased by 91% from 12.9 million &euro to 24.6 
million &euro and is therefore within the forecast range of 23.0 million 
&euro to 25.0 million &euro. The increase in FFO per share from 0.60 &euro 
to 0.84 &euro corresponds to 41.1%. 
 
The company's equity more than doubled in absolute terms, and the undiluted 
EPRA NAV per share rose by 51.8% from 7.74 &euro to 11.74 &euro. 
 
The net LTV, net debt to equity ratio, has dropped significantly from 57.8% 
to 37.1%, allowing DIR to raise further debt. 
 
*FFO forecast between 32.0 &euro million to 34.0 &euro million for the 
financial year 2020/2021* 
 
For the new financial year 2020/2021, the Executive Board expects FFO 
between 32.0 &euro million and 34.0 &euro million. The FFO run rate, which 
represents the annualised FFO excluding accrual effects, is expected to be 
between 38.0 &euro million and 40.0 &euro million at the end of the current 
financial year 2020/2021. 
 
*Dividend payment* 
 
In March 2018 and March 2019, dividends of 0.09 &euro per share and 0.16 
&euro per share were distributed to our shareholders. We also want our 
shareholders to participate in the success of the company for the past 
financial year and plan to propose the distribution of a dividend of 0.24 
&euro per share at the next Annual General Meeting for the 2019/2020 
financial year. 
 
*Real estate portfolio expands and again increases significantly in value* 
 
The property portfolio continued to grow in the 2019/2020 financial year due 
to acquisitions. On 1 October 2019, the portfolio comprised 49 properties 
with lettable commercial space of approximately 0.91 million m² and an 
annualised net cold rent of 33.1 &euro million. 20 acquired properties were 
subject to a change of use and encumbrance. As a result, the real estate 
portfolio recognised on 30 September 2020 comprises 69 properties with 
lettable commercial space of approx. 1.2 million m² and annualised net cold 
rents of 44.5 &euro million. 
 
In addition, a further eight properties with an annual net rent of 5.3 &euro 
million and an investment volume of 52.5 &euro million were acquired, for 
which the change of use and encumbrance did not or will not take place until 
after 30 September 2020. 
 
In the course of the annual property valuation, there was an increase in 
value of 37.0 &euro million. This is mainly due to further increases in 
market prices, especially in the logistics sector, as well as stable and 
rising market rents. 
 
Pro forma, the company's current real estate portfolio consists of 77 
properties with an annualised total rent of 49.8 &euro million and a 
portfolio value of 617.5 &euro million. 
 
*Successfully completed capital increases and financings * 
 
Two capital increases were carried out in the financial year. In November 
2019, the company placed approximately 5.7 million shares at a price of 
16.25 &euro per share in a first capital increase, raising gross proceeds of 
approximately 92.8 &euro million. In June 2020, DIR carried out a second 
capital increase and placed a total of 2.9 million new shares at a price 
of 20.00 &euro per new share. The company received gross proceeds of 58.3 
&euro million from this capital increase. 
 
In the past financial year, DIR concluded loan agreements with various 
savings banks and cooperative banks in the amount of 63.2 &euro million as 
well as an unsecured promissory note loan in the amount of 10.0 &euro 
million. The financing conditions have been reduced overall from 2.9% as of 
30 September 2019 to 2.6% as of the current balance sheet date. There is a 
further 75.6 &euro million at an initial interest rate of 1.4% in DIR's 
current financing pipeline. 
 
*Outlook 2020/2021* 
 
We want to continue our sustainable and steady growth in 2020/2021. The 
effects of the Corona crisis offer us not only clear risks but also 
additional opportunities that we can exploit. For example, we have actively 
promoted the topic of sale-and-lease-back and positioned ourselves as a 
contact for German medium-sized businesses. We are confident that we will be 
able to invest a volume of between 100 and 200 &euro million in the new 
financial year. 
 
*Sustainability Report* 
 
Deutsche Industrie REIT-AG publishes today its first sustainability report. 
DIR is thus expressly committed to sustainable corporate governance, which 
is becoming an increasingly relevant component of responsible management in 
view of the company's strong growth. 
 
The company's sustainable corporate strategy is geared towards the long term 
and is based on the acquisition and management of an attractive light 
industrial property portfolio. The acquisition process is already 
characterised by sustainability due to the focus on properties with third 
party potential in locations with good infrastructure links. Professional 
asset and portfolio management also adds value, with the aim of retaining 
tenants in the long term and sustainably increasing the value of the 
properties. 
 
DIR's sustainability report takes a firm stand on environmental, social and 
governance issues within a meaningful framework and provides an outlook on 
which sustainable projects will be pursued in the future. 
 
The report is available for download at: 
https://deutsche-industrie-reit.de/en/investor-relations/esg/ [1] 
 
*Conference call* 
 
Deutsche Industrie REIT-AG will hold an analyst conference call today at 
11:00 a.m. (CET) on the results for the 2019/2020 financial year. 
 
*Publications for the 2019/2020 business year* 
 
The presentation (in English) on the results of the 2019/2020 financial year 
and further information on the company can be found at: 
 
https://deutsche-industrie-reit.de/en/investor-relations/presentations/ [2] 
 
You can find DIR's current real estate portfolio at: 
 
https://deutsche-industrie-reit.de/en/property/portfolio/ [3] 
 
The complete Annual Report 2019/2020 (in German and English) is available 
for download as of today and as a print copy in January 2021. 
 
https://deutsche-industrie-reit.de/en/investor-relations/financial-reports/ 
[4] 
 
*About Deutsche Industrie REIT-AG* 
 
Deutsche Industrie REIT-AG invests sustainably in Light Industrial 
properties in Germany. In addition to the activities of storage and 
distribution of commercial goods, Light Industrial also includes their 
administration and production. The asset class mainly consists of medium to 
large industrial and commercial park sites. The areas are usually more 
complexly equipped than pure logistics properties and have a high local 
relevance. 
The share is listed on the regulated market of the Berlin Stock Exchange and 
in the Prime Standard of the Frankfurt Stock Exchange. Since the beginning 
of 2018, the company has had the status of a REIT ("Real Estate Investment 
Trust") and the associated income tax exemption. 
 
Contact: 
Deutsche Industrie REIT-AG 
Mr René Bergmann 
Chief Financial Officer 
August-Bebel-Str. 68 
14482 Potsdam 
Tel. +49 331 740 076 535 
 
2020-12-18 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:     Deutsche Industrie REIT-AG 
             August-Bebel-Str. 68 
             14482 Potsdam 
             Germany 
Phone:       +49 331 740076 5 - 0 
Fax:         +49 331 / 740 076 520 
E-mail:      rb@deutsche-industrie-reit.de 
Internet:    http://www.deutsche-industrie-reit.de 
ISIN:        DE000A2G9LL1, DE000A2GS3T9, DE000A2YNQU1 
WKN:         A2G9LL, A2GS3T, A2YNQU 
Listed:      Regulated Market in Berlin, Frankfurt (Prime Standard) 
EQS News ID: 1156068 
 
End of News DGAP News Service 
 
1156068 2020-12-18 
 
 
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(END) Dow Jones Newswires

December 18, 2020 01:02 ET (06:02 GMT)