DGAP-News: DEMIRE Deutsche Mittelstand Real Estate AG: DEMIRE gains Brother as a long-term tenant in Bad Vilbel


 

DGAP-News: DEMIRE Deutsche Mittelstand Real Estate AG / Key word(s): Real Estate/Contract
DEMIRE Deutsche Mittelstand Real Estate AG: DEMIRE gains Brother as a long-term tenant in Bad Vilbel

20.02.2020 / 07:10
The issuer is solely responsible for the content of this announcement.


 

DEMIRE gains Brother as a long-term tenant in Bad Vilbel

- New lease of 4,500 m² over ten years

- Revitalization of former single-tenant property nearly completed

Langen, 20 February 2019 - DEMIRE Deutsche Mittelstand Real Estate AG (ISIN: DE000A0XFSF0) has gained two Brother Industries' companies from Japan as tenants at its office complex on Konrad-Adenauer-Allee 1-11 in Bad Vilbel. Brother International GmbH has been based in Bad Vilbel since 1974 and is a manufacturer and supplier of fax machines, printers and multifunctional office equipment. Brother Sewing Machines Europe GmbH produces and sells sewing, knitting and combination machines, among others. The two new tenants will occupy around 4,500 m² going forward and have made a 10-year commitment to the property. These lettings reduce the economic vacancy rate of the property to 11 percent. The remaining weighted average lease term (WALT) increased to 7.2 years.

DEMIRE, which specialises in commercial real estate in German mid-sized and large cities outside the Top 7, had acquired the 26,000 m² property only last spring within the scope of a portfolio transaction. At that time, the property had a vacancy rate of around 69 percent and a WALT of 4.6 years. As part of the DEMIRE "REALize Potential" strategy, the property was repositioned and converted from a former single-tenant property into an office complex for various types of use. Since this property's acquisition, DEMIRE has been able to extend or conclude new leases for a total of 15,500 m². Both the FFO contribution and the property's value have increased significantly.

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About DEMIRE Deutsche Mittelstand Real Estate AG

DEMIRE - REALize Potential

DEMIRE Deutsche Mittelstand Real Estate AG has commercial real estate holdings in mid-sized cities and up-and-coming locations bordering German metropolitan areas. The Company's specific forte is its focus on these second-tier cities - its claim being "First in Secondary Locations" - and on a range of assets that appeals to both internationally active and regionally rooted tenants. DEMIRE holds a portfolio with a combined lettable area of around 1.1 million m² and a market value of roughly EUR 1.5 billion (as of 31 December 2019).

The portfolio focus on office, retail and logistics assets results in exactly the kind of risk/return structure that DEMIRE considers appropriate for the business line of commercial real estate. The Company puts a premium on long-term contracts with solvent tenants in anticipation of stable and sustainable rental revenues. DEMIRE has set itself the goal to keep optimising its corporate structure. To this end, it pursues an active property management approach, convinced that it is the best way to achieve economies of scale and portfolio optimisations.
DEMIRE Deutsche Mittelstand Real Estate AG shares (ISIN: DE000A0XFSF0) are listed in the Prime Standard segment of the Frankfurt Stock Exchange.

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Media Contact
Jürgen Herres
Feldhoff & Cie. GmbH
Phone: +49 69 26 48 677 - 240
Email: [email protected]

Investor Relations

Michael Tegeder
Head of Investor Relations & Corporate Finance
DEMIRE Deutsche Mittelstand Real Estate AG
Phone: + 49 6103 3724944
Email: [email protected]


 


20.02.2020 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.
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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: [email protected]
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: 979447

 
End of News DGAP News Service

979447  20.02.2020 

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Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 73,72 73,71 81,80 87,51 82,33 81,08 79,00
EBITDA1,2 87,54 129,18 155,97 34,88 105,92 -62,65 0,00
EBITDA-Marge3 118,75 175,25 190,67 39,86 128,65 -77,27
EBIT1,4 84,60 127,07 155,17 27,65 101,87 -72,93 0,00
EBIT-Marge5 114,76 172,39 189,69 31,60 123,73 -89,95 0,00
Jahresüberschuss1 19,43 69,05 79,74 9,17 61,59 -71,50 0,00
Netto-Marge6 26,36 93,68 97,48 10,48 74,81 -88,18 0,00
Cashflow1,7 35,81 38,86 45,84 -24,10 65,22 48,00 34,00
Ergebnis je Aktie8 0,22 0,85 0,70 0,08 0,55 -0,62 -0,55
Dividende8 0,00 0,00 0,54 0,62 0,31 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2022 - 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: PricewaterhouseCoopers

INVESTOR-INFORMATIONEN
©boersengefluester.de
DEMIRE
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A0XFSF 0,735 Halten 79,22
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
14,70 8,91 1,66 3,04
KBV KCV KUV EV/EBITDA
0,21 1,65 0,98 -13,58
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,00 0,00 0,00 04.07.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
28.05.2024 29.08.2024 09.11.2023 25.04.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-12,81% -41,81% -30,66% -65,65%
    
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Immobilien (Gewerbe) , A0XFSF , DMRE , XETR:DMRE