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DEMIRE Deutsche Mittelstand Real Estate AG
Business and Financial Review • Aug 18, 2020
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Business and Financial Review
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News Details
Ad-hoc | 18 August 2020 14:32
DEMIRE Deutsche Mittelstand Real Estate AG: New 2020 guidance above previous year’s results
DEMIRE Deutsche Mittelstand Real Estate AG / Key word(s): Forecast
DEMIRE Deutsche Mittelstand Real Estate AG: New 2020 guidance above previous year’s results
18-Aug-2020 / 14:32 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DEMIRE Deutsche Mittelstand Real Estate AG: New 2020 guidance above previous year’s results
Langen, 18 August 2020 – The Management Board of DEMIRE Deutsche Mittelstand Real Estate AG (ISIN: DE000A0XFSF0) has published a new guidance for the 2020 financial year, which exceeds the 2019 results.
DEMIRE plans rental income of between EUR 85 and 87 million (2019: EUR 81.8 million) for the 2020 financial year, and FFO I* (after taxes, before minorities) is expected to be between EUR 36 and 38 million (2019: EUR 34.5 million).
This guidance is based on the assumption that there will be no further lockdown in Germany and does not take into consideration possible acquisitions and/or disposals of DEMIRE in the second half of 2020.
The report on the first half of 2020 will be published as planned on 19 August 2020 and will be available on the company’s website.
DEMIRE Deutsche Mittelstand Real Estate AG
The Management Board
* Funds from operations (FFO I, after tax, before minorities) as defined in the 2019 annual report: https://www.demire.ag/files/demi-gb2019-12uk-b1_2.pdf
Contact:
Michael Tegeder
Head of Investor Relations & Corporate Finance
DEMIRE Deutsche Mittelstand Real Estate AG
Telephone: +49 (0) 6103 372 49 44
Email: [email protected]
18-Aug-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| 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: | 1120055 |
| End of Announcement | DGAP News Service |