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DEMIRE Deutsche Mittelstand Real Estate AG
Business and Financial Review • Dec 20, 2019
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Business and Financial Review
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Ad-hoc | 20 December 2019 15:17
DEMIRE Deutsche Mittelstand Real Estate AG: FFO – Guidance again increased to EUR 33-34.5m
DEMIRE Deutsche Mittelstand Real Estate AG / Key word(s): Forecast/Change in Forecast
DEMIRE Deutsche Mittelstand Real Estate AG: FFO – Guidance again increased to EUR 33-34.5m
20-Dec-2019 / 15:17 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: FFO – Guidance again increased to EUR 33-34.5m
– Guidance on 2019 FFO I (after taxes, before minorities) raised to EUR 33-34.5m (previously: EUR 30-32m)
– Guidance on 2019 Rental Income specified to the upper end of EUR 80,5-82,5m
Langen, 20 December 2019 – Following a further acceleration of the positive business development, the Board of Management of DEMIRE Deutsche Mittelstand Real Estate AG (ISIN: DE000A0XFSF0) has again raised the FFO guidance for the 2019 financial year. Especially the earnings are expected to increase stronger than expected. This is driven by lower than expected operating expenses to generate rental income, lower SG&A costs and lower financing costs.
The guidance for the 2019 FFO I (after taxes, before minorities) has been increased from EUR 30-32m to EUR 33-34.5m. The guidance for 2019 rental income has been specified to the upper end of the guidance from EUR 80.5-82.5m.
The publication of the 2019 annual report is scheduled for 18 March 2020.
DEMIRE Deutsche Mittelstand Real Estate AG
The Board of Management
Contact:
DEMIRE Deutsche Mittelstand Real Estate AG
Michael Tegeder
Head of Investor Relations & Corporate Finance
Tel.: +49 6103 372 49 44
Email: [email protected]
About DEMIRE Deutsche Mittelstand Real Estate AG
DEMIRE – REALize Potential
DEMIRE Deutsche Mittelstand Real Estate AG has commercial real estate holdings in so-called ABBA locations across German. The Company’s specific forte is its focus on these 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 more than 1.1 million m² and a market value of roughly EUR 1.5 billion.
The portfolio focus on office, retail, hotel 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.
20-Dec-2019 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: | 941413 |
| End of Announcement | DGAP News Service |