21.11.2019 Deutsche Konsum REIT-AG  DE000A14KRD3

DGAP-News: Deutsche Konsum REIT acquires DIY portfolio with an annual rent of EUR 4.2 million - total property portfolio grows to EUR 700 million


 

DGAP-News: Deutsche Konsum REIT-AG / Key word(s): Acquisition/Real Estate
Deutsche Konsum REIT acquires DIY portfolio with an annual rent of EUR 4.2 million - total property portfolio grows to EUR 700 million
21.11.2019 / 07:00
The issuer is solely responsible for the content of this announcement.


Press release

Deutsche Konsum REIT acquires DIY portfolio with an annual rent of EUR 4.2 million - total property portfolio grows to EUR 700 million

Broderstorf, 21 November 2019 - With notarisation yesterday Deutsche Konsum REIT-AG ("DKR") (ISIN DE000A14KRD3) has acquired a DIY property portfolio with an annual rent of EUR 4.2 million.

The portfolio comprises of seven properties which are positioned in very good micro-locations and are located in the states of Northrhine-Westphalia (2), Saxony-Anhalt (2) as well as in Saxony, Lower Saxony and Brandenburg (1 each). The total rental space amounts to 55,000 m². Anchor tenant of each location is the German DIY chain HELLWEG. The DIY stores were built between 1993 and 2008 and are in a very well constitution. All rental contracts are double net agreements which is favourable for DKR in terms of the operating margin and have a WALT of around 12 years.

Therefore, in the financial year 2019/2020, the property portfolio of Deutsche Konsum grew by 12 properties with a purchase volume of around EUR 75 million already. Thus, the total portfolio (pro forma) currently comprises of 134 properties with a total rental space of more than 800,000 m² and a book value of around EUR 700 million as well as an annual rent of around EUR 55.3 million.

In addition, DKR is in concrete purchasing processes and expects further acquisitions shortly.

Rolf Elgeti, CEO of Deutsche Konsum REIT-AG: "At this acquisition we regard the combination of long leases and a high initial yield in a very defensive retail class which is far from being undermined by E-Commerce as a very attractive and stable addition to our property portfolio. Taking the foreseeable acquisition pipeline into account our exposure to DIY in our tenant mix will remain stable at the same level."

About Deutsche Konsum
Deutsche Konsum REIT-AG based in Broderstorf is a listed real estate company focusing on retail properties in Germany for goods required for daily use in established micro-locations. The focus of the company's activities is on the management and development of real estate with the aim of achieving a steady increase in value and the realisation of hidden reserves. The steadily increasing current property portfolio of Deutsche Konsum comprises of 134 retail properties with an annualised rent of around EUR 55 million.

Due to its REIT status ('Real Estate Investment Trust'), the company is exempt from corporation and trade tax. The shares of the company are listed on the Prime Standard of the Deutsche Boerse (ISIN: DE 000A14KRD3).

Contact:
Deutsche Konsum REIT-AG
Stefanie Frey
Investor Relations
E-Mail: sf@deutsche-konsum.de
Phone: +49 (0) 331 74 00 76 - 533



21.11.2019 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.

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Language: English
Company: Deutsche Konsum REIT-AG
August-Bebel-Str. 68
14482 Potsdam
Germany
Phone: +49 (0)331 740076517
Fax: +49 (0)331 740076520
E-mail: ch@deutsche-konsum.de
Internet: www.deutsche-konsum.de
ISIN: DE000A14KRD3
WKN: A14KRD
Listed: Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 918219

 
End of News DGAP News Service

918219  21.11.2019 

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Die wichtigsten Finanzdaten auf einen Blick
  2012 2013 2014 2015 2016 2017 2018 2019e
Umsatzerlöse1 0,59 0,61 0,60 4,08 11,49 19,25 28,60 41,98
EBITDA1,2 0,31 -0,27 0,52 -6,69 24,56 42,76 35,91 60,33
EBITDA-Marge3 52,54 -44,26 86,67 -163,97 213,75 222,13 125,56 143,71
EBIT1,4 0,31 -0,27 0,52 -6,69 24,56 41,68 35,90 59,13
EBIT-Marge5 52,54 -44,26 86,67 -163,97 213,75 216,52 125,52 140,85
Jahresüberschuss1 0,15 -0,24 0,21 -8,51 21,99 37,41 30,92 53,32
Netto-Marge6 25,42 -39,34 35,00 -208,58 191,38 194,34 108,11 127,01
Cashflow1,7 0,11 0,18 0,30 1,32 5,63 10,26 14,52 28,81
Ergebnis je Aktie8 0,01 -0,01 0,01 -0.50 1,09 1,06 0,80 1,22
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,20 0,35
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2018 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Domus

INVESTOR-INFORMATIONEN
©boersengefluester.de
Deutsche Konsum REIT
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A14KRD 15,800 Kaufen 504,97
KGV 2020e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
11,79 10,52 1,107 16,67
KBV KCV KUV EV/EBITDA
1,65 19,57 12,03 13,813
Dividende '19 in € Dividende '20e in € Div.-Rendite '19e
in %
Hauptversammlung
0,35 0,45 2,22 05.03.2020
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
13.02.2020 14.05.2020 13.08.2020 18.12.2019
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
1,87% 6,93% 56,44% 50,48%
    
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Immobilien (Gewerbe) , A14KRD , DKG , XETR:DKG