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Deutsche Konsum REIT-AG

Quarterly Report Feb 16, 2024

107_10-q_2024-02-16_8623a3d6-17d1-454b-b002-12ce71f0ce7f.pdf

Quarterly Report

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Corporate key figures 3
Quarterly statement for the period from 1 October 2023 to 31 December 2023 5
1. The share 5
2. Business development 6
3. Development of asset, financial and earnings position 7
4. Supplementary report 11
5. Risk situation 11
6. Outlook and forecast 11
7. Headline Earnings per share (HEPS) 12
Interim financial statements for the period from 1 October 2023 to 31 December 2023 of the 2023/2024
financial year 13
About Deutsche Konsum REIT-AG 20
Deutsche Konsum REIT-AG share 20
Financial calender 20
Publisher 21
Contact 21
JSE Sponsor 21
Disclaimer 21

Corporate key figures

Deutsche Konsum REIT-AG, Broderstorf Key figures

1 October 2023 –
31 December 2023
1 October 2022 –
31 December 2022
Difference %
Income statement
(TEUR)
Rental income 19,913 18,681 1,231 6.6
Net rental income 12,749 13,004 -255 -2.0
EBIT 10,893 10,775 118 1.1
Financial result -4,037 -2,523 -1,513 60.0
Net income 6,511 8,252 -1,741 -21.1
FFO 8,020 10,166 -2,146 -21.1
FFO per share (in EUR) 0.23 0.29 -0.06 -21.1
aFFO 6,009 2,154 3,856 >100
aFFO per share (in EUR) 0.17 0.06 0.11 >100
Earnings per share, undiluted (in
EUR)
0.19 0.23 -0.05 -21.1
Earnings per share, diluted (in EUR) 0.13 0.17 -0.04 -20.9
Recurring costs ratio (in %) 4.3 4.8 -0.5 -9.8
31 December 2023 30 September 2023 Difference %
Balance sheet key figures (TEUR)
Investment properties 987,174 989,014 -1,840 -0.2
Total assets 1,033,181 1,030,178 3,003 0.3
Equity 322,910 316,400 6,511 2.1
Total debt 633,363 638,067 -4,703 -0.7
Finance key figures
(net) Loan-to-Value (LTV) (in %) 60.7 61.6 -0.9 -1.4
Average interest rate of loans (in %) 2.66 2.54 0.12 4.8
Average interest rate of loans, bonds
and convertible bonds (in %)
2.92 2.81 0.11 4.0
Average remaining duration of loans
(in years)
2.9 3.1 -0.2 -7.6
Interest coverage ratio (ICR), multiple 2.7 3.0 -0.3 -8.8
Real estate key figures
NAV 354,955 348,103 6,852 2.0
NAV per share (in EUR) 10.10 9.90 0.19 2.0
EPRA NTA per share (in EUR) 7.78 7.64 0.14 1.8
REIT equity ratio 35.6 35.0 0.6 1.8
Share information
Shares issued (pieces) 35,155,938 35,155,938 0 0.0
Average number of shares within the
reporting period (pieces)
35,155,938 35,155,938 0 0.0
Market cap (in EUR) 121,287,986 201,795,084 -80,507,098 -39.9
Share price (in EUR) 3.45 5.74 -2.29 -39.9
Dividend per share in the reporting
period (in EUR)
0.00 0.00 0.00 0.0
Portfolio key figures
Number of assets 184 184 0 0.0
Rental space (in sqm) 1,082,079 1,082,924 -845 -0.1
Annualised rent (in TEUR) 79,276 79,197 79 0.1
Initial yield (in %) 10.0 10.0 0.0 0.0
Vacancy rate (in %) 11.6 11.7 0.0 -0.3
WALT (in years) 5.0 5.0 0.0 -0.8

Quarterly statement for the period from 1 October 2023 to 31 December 2023

The following interim statement of Deutsche Konsum REIT-AG (hereinafter also referred to as "Deutsche Konsum" or "Company") describes the significant course of business and the asset, financial and earnings position of the first three months of the 2023/2024 financial year ("Q1 2023/2024"). The interim financial statements have been prepared in accordance with IFRSs as adopted by the EU. The interim financial statements have not been audited.

1. The share

DKR share stabilises after price drop

In the first few days of the new financial year 2023/2024, the DKR share recorded significant price losses, after which the price stabilised at a lower level and recently showed a slight upward trend. Starting from the closing price on 30 September 2023 (EUR 5.74)1 , the share price fell significantly in the following days and weeks and finally reached its low of EUR 2.502 . These price losses were subsequently at least partially offset, with the share closing the 2023 calendar year at a price of EUR 3.453 .

Based on the share price on 30 September 2023, the price fell by EUR 2.29 or 39.9% in the reporting period. The closing price for the first quarter of the 2022/2023 financial year was EUR 7.56, which represents a decline of EUR 4.11 or 53.4% over the year. In contrast to the unsatisfactory development of the share price, the development of the average trading volume of the share on the Xetra stock exchange continued to be pleasing: compared to the first quarter of the 2022/2023 financial year, the average daily trading volume increased by 177.2% to 39,255 shares, which significantly improves the tradability of the share.

The Company's market capitalisation as at 31 December 2023 was around EUR 120 million.

1 Closing price Xetra.

2 Variable price Xetra as of 27 November 2023.

3 Closing price Xetra.

2. Business development

Portfolio unchanged in the reporting period / Selected investments made in the property portfolio

Up to the end of the first quarter of the 2023/2024 reporting period, there were no transfers of benefits and encumbrances for acquired properties; property sales were also not concluded with a transfer of benefits and encumbrances. Revitalisation and modernisation measures amounting to EUR 2.0 million were carried out in the reporting period, which were capitalised and mainly relate to the revitalisation projects in Stendal, Dudweiler and Angerm¸nde.

As a result, DKR's property portfolio as at 31 December 2023 comprises 184 properties with a balance sheet value of around EUR 997.4 million and a rental area of around 1,082,000 sqm.

The sale of the vacant former real hypermarket in Trier, which was notarised in summer 2023, was completed with the payment of the purchase price. The transfer of benefits and encumbrances of the property to the buyer took place on 1 January 2024. Once the building permit for the planned project development has been granted, a further instalment of the purchase price will be due, which DKR expects to receive in summer 2024.

As a result, DKR's total portfolio (pro forma - including acquisitions, excluding property sales) currently comprises 183 retail properties with an annual rent of around EUR 79.3 million and a balance sheet value of approximately EUR 991.0 million.

Significant retrospective tax payments made in connection with the dispute over the REIT status

DKR has now settled the majority of the income taxes for the period 2016 to 2021 (EUR 9.8 million) and the tax prepayments for 2022 (EUR 3.2 million) to be paid in the course of the ongoing proceedings regarding the REIT status. As of the reporting date, an outstanding retrospective tax payment of around EUR 3.7 million remains, which will be paid in full in the coming months.

Irrespective of this, DKR is continuing to take legal action against the tax assessment notices issued by the tax authorities. The Potsdam tax office has not yet issued a decision on the appeal.

Repayment and collateral agreement concluded with main shareholder Obotritia Capital KGaA

After the loan receivable from the main shareholder Obotritia Capital KGaA was not repaid by 30 September 2023 as planned, DKR concluded a repayment and collateral agreement with Obotritia, which was notarised on 9 December 2023. The agreement essentially stipulates that Obotritia will repay the loan by 30 June 2025 at the latest. At the same time, DKR will receive a collateral package in return, which among other securities includes mortgages on various properties.

Refinancing of secured and unsecured debt instruments

The Company is in constructive talks with the bondholder of the corporate bonds with a total volume of EUR 105.9 million maturing in April and May 2024 with the aim of extending these financial instruments.

3. Development of asset, financial and earnings position

Asset position

Assets 31/12/2023 30/09/2023 Equity and liabilities 31/12/2023 30/09/2023
TEUR TEUR TEUR TEUR
Non-current assets 988,108 989,968 Equity 322,910 316,400
Current assets 34,872 33,860 Non-current liabilities 515,346 529,879
Current liabilities 189,860 183,899
Non-current assets
held for sale
10,201 6,350 Financial liabilities re
garding non-current as
sets held for sale
5,066 0
Total assets 1,033,181 1,030,178 Total equity and liabili
ties
1,033,181 1,030,178

The balance sheet of Deutsche Konsum REIT-AG as at 31 December 2023 is as follows:

Total assets increased by TEUR 3,003 to TEUR 1,033,181 (30/09/2023: TEUR 1,030,178), mainly due to the profit for the period generated in the first quarter of the 2023/2024 financial year. The reduction in financial and tax liabilities had an opposing effect. The majority of the assets are investment properties, which are recognised at TEUR 987,174 as at 31 December 2023 (30/09/2023: TEUR 989,014). In addition, properties held for sale with a value of TEUR 10,210 (30/09/2023: TEUR 6,350) are shown.

The Company's equity increased by TEUR 6,511 to TEUR 322,910 (30/09/2023: TEUR 316,400) in the first quarter of the 2023/2024 financial year due to the current net profit for the period.

The NAV per share (undiluted) and the EPRA NTA per share (diluted) as of 31 December 2023 are as follows:

TEUR 31/12/2023 30/09/2023
NAV EPRA NTA NAV EPRA NTA
Equity (TEUR) 322,910 322,910 316,400 316,400
Effects from the conversion of the
convertible bonds
- 36,803 - 36,764
Deferred taxes 32,045 32,045 31,704 31,704
Key figures, TEUR 354,955 391,758 348,103 384,867
Number of shares on the balance
sheet date
35,155,938 35,155,938 35,155,938 35,155,938
Potential conversion shares - 15,195,154 - 15,195,154
Key figures per share, EUR 10.10 7.78 9.90 7.64

Due to retrospective tax payments made for previous assessment periods, tax provisions decreased by TEUR 1,905 to TEUR 6,218 (30/09/2023: TEUR 8,123). Income tax liabilities were reduced by TEUR 2,741 to TEUR 2,577 (30/09/2023: TEUR 5,318).

Non-current and current financial liabilities to banks decreased by TEUR 5,964 to TEUR 417,452 (30/09/2023: TEUR 423,416) due to ongoing repayments.

Accordingly, the Net-LTV as of 31 December 2023 is as follows:

TEUR 31/12/2023 30/09/2023
Financial liabilities to banks 417,452 423,416
Convertible bonds 36,803 36,764
Corporate bonds 179,108 177,887
Total liabilities 633,363 638,067
minus cash and cash equivalents -9,472 -4,934
minus fiduciary funds of property management -1,542 -1,630
minus loans -14,421 -18,421
minus maintenance reserves4 -2,324 -1
Net debt 605,604 613,081
Investment properties 987,174 989,014
Properties held for sale 10,201 6,350
Total investment properties 997,375 995,364
Net-LTV 60.7% 61.6%

Financial position

The cash flow statement is as follows:

TEUR Q1 2023/2024 Q1 2022/2023
Cash flow from operating activities 6,303 11,159
Cash flow from investing activities 7,932 -27,418
Cash flow from financing activities -9,696 16,083
Cash changes in cash and cash equivalents 4,539 -176
Financial funds at the beginning of the period 4,934 4,827
Financial funds at the end of the period 9,472 4,651

Cash flow from operating activities is significantly lower than in the same period of the previous year due to retrospective tax payments for previous assessment periods totalling TEUR 4,667. Excluding tax effects, the cash flow from operating activities is at the previous year's level.

Cash flow from investing activities mainly includes payments for investments in the property portfolio totalling TEUR 2,011, which are offset by proceeds from the sale of investment properties amounting to TEUR 5,000. This item also includes interest received and returns from short-term investments of cash and cash equivalents totalling TEUR 4,953.

The cash flow from financing activities includes payments for repayments and interest (including ground rents) totalling TEUR 9,681. There were no payouts of new loans in the reporting period.

4 30 September 2023: Interest-bearing investments.

Earnings position

The Company's earnings position developed as follows in Q1 2023/2024:

TEUR Q1 2023/2024 Q1 2022/2023
Rental income 19,913 18,681
Net rental income 12,749 13,004
Result from disposals -17 -208
Other operating income 208 859
Valuation result 0 0
Administrative expenses -2,048 -2,880
EBIT 10,893 10,775
Financial result -4,037 -2,523
EBT 6,856 8,252
Income taxes and other taxes -345 0
Net profit for the period 6,511 8,252

Rental income increased by TEUR 1.231 to around TEUR 19,913 (Q1 2022/2023: TEUR 18,681) as a result of the property acquisitions completed in the past financial year and rent increases. By contrast, net rental income fell slightly to TEUR 12,749 (Q1 2022/2023: TEUR 13,004), which is mainly due to rental expenses relating to other periods and higher costs for the external management of the property portfolio.

Other operating income mainly includes the reversal of general value adjustments.

Value adjustments on inventories and receivables totalled TEUR 74 in the reporting period (Q1 2022/2023: TEUR 1,660). In the same period of the previous year, value adjustments on short-term investments of cash and cash equivalents were recognised here.

Administrative expenses, comprising personnel expenses and other administrative expenses, increased noticeably, but include one-off and special effects totalling TEUR 1,085 (Q1 2022/2023: TEUR 323), which mainly consist of legal and consulting costs as well as expenses relating to other periods. Adjusted for these effects, there was a slight decrease in administrative expenses of TEUR 34, which was mainly due to lower personnel expenses as a result of lower variable compensation components.

The administrative expense ratio is as follows:

TEUR Q1 2023/2024 Q1 2022/2023
Personnel expenses -307 -337
Other operating expenses -1,638 -879
Adjustment of one-time and other non-recurring effects 1,085 323
Adjusted administrative expenses -860 -894
Rental income 19,913 18,681
Administrative expense ratio 4.3% 4.8%

In summary, EBIT increased by TEUR 118 to TEUR 10,893 (Q1 2022/2023: TEUR 10,775).

Interest expenses rose to a total of TEUR 4,989 (Q1 2022/2023: TEUR 4,020) due to higher interest costs. Interest expenses include ground rents totalling TEUR 180 (Q1 2022/2023: TEUR 166).

Interest income of TEUR 952 was generated in the reporting period (Q1 2022/2023: TEUR 1,274), which

mainly resulted from the terminated loan to Obotritia Capital KGaA.

As a result, the financial result decreased by TEUR 1,513 to TEUR -4,037 (Q1 2022/2023: TEUR -2,523), which directly leads to a corresponding reduction in FFO.

In total, this results in a net profit for the period of TEUR 6.511 (Q1 2022/2023: TEUR 8.252), from which FFO and aFFO are derived as follows:

TEUR Q1 2023/2024 Q1 2022/2023
Net profit for the period 6,511 8,252
Adjustment of income taxes 345 0
Adjustment of depreciation 29 4
Adjustment of valuation result 0 0
Adjustment of result from disposals 17 208
Adjustment for non-cash expenses 185 922
Adjustment for one-time effects 933 781
FFO 8,020 10,166
- Capex -2,011 -8,012
aFFO 6,009 2,154

Non-cash expenses include the compounding of interest on debt instruments using the effective interest method and impairments on rent receivables. The one-off effects include non-recurring expenses. In the first quarter of the current financial year, these were in particular expenses relating to other periods for acquired properties as well as legal and consulting costs incurred in connection with the ongoing tax audit and the refinancing of expiring financial instruments.

The capitalised maintenance costs (capex) mainly comprise value-enhancing modernisation and expansion measures at the properties in Angerm¸nde, Stendal (Gneisenaustrafle) and Dudweiler.

This results in FFO per share of EUR 0.23 (Q1 2022/2023: EUR 0.29) and aFFO of EUR 0.17 per share (Q1 2022/2023: EUR 0.06).

4. Supplementary report

Sale of the property in Trier/Kenn

The vacant property in Trier/Kenn, which was sold by notarised contract in summer 2023, was transferred to the buyer on 1 January 2024 following payment of the purchase price.

5. Risk situation

Through its business activities, DKR is exposed to operational and economic opportunities and risks. Please refer to the detailed presentation in the Management Report of the Annual Report 2022/2023 in the section "Opportunity and Risk Report".

In the opinion of the Management Board, the risk position has not materially improved or worsened since 1 October 2023.

6. Outlook and forecast

Stable operating business development / focus on refinancing short-term maturing debt instruments

The operating business development is stable as expected, with the focus remaining on efficient portfolio management. In the coming quarters, the priority will be on refinancing the corporate bonds maturing in the short term. In order to gradually reduce the LTV ratio, the Company plans to execute selective property disposals when attractive offers arise.

Currently no earnings forecast

Due to the planned bond refinancing and the property sales that may possibly be implemented, the Management Board is currently unable to make a reliable forecast of the key financial figures for the current financial year 2023/2024. However, the Management Board aims to provide a forecast for the second half of the financial year.

7. Headline Earnings per share (HEPS)

According to listing requirements of the JSE Limited (JSE), the earnings figure "Headline Earnings per Share" (HEPS) is to be presented, which essentially represents the net income for the period adjusted for valuation results:

TEUR Q1 2023/2024 Q1 2022/2023
Net income (undiluted) 6,510.5 8,251.6
Excluding valuation result according to IAS 40 0.0 0.0
Excluding valuation result according to IFRS 5 16.7 207.8
Headline Earnings (undiluted) 6,527.2 8,459.3
Interest expenses on convertible bonds 157.7 157.1
Headline Earnings (diluted) 6,685.0 8,616.4
Average number of shares issued in the reporting period (undi 35,155.9 35,155.9
luted), in thousands
Potential conversion shares, in thousands 15,195.2 15,039.4
Average number of shares issued in the reporting period (diluted), in 50,351.1 50,195.4
thousands
Headline Earnings per share (EUR)
Diluted 0.19 0.24
Undiluted 0.13 0.17

Interim financial statements for the period from 1 October 2023 to 31 December 2023 of the 2023/2024 financial year

Deutsche Konsum REIT-AG, Broderstorf Balance sheet as at 31/12/2023

Assets
Non-current assets
Investment properties
987,173.6
989,013.9
Intangible assets
0.0
Tangible assets
934.6
988,108.2
Current assets
Trade and other receivables
3,957.8
Other current assets
21,442.0
Cash and cash equivalents
9,472.4
34,872.3
Non-current assets held for sale
10,201.0
1,033,181.5
1,030,178.2
TOTAL ASSETS
Equity and liabilities
Equity
Issued share capital
35,155.9
Capital reserve
197,141.6
Other reserves
723.4
Retained earnings
89,889.1
322,910.1
Non-current liabilities
Financial liabilities
362,833.8
Convertible bonds
36,802.6
Corporate bonds
71,686.0
Other provisions
3.5
Other non-current liabilities
11,974.9
Deferred tax liabilities
32,044.9
515,345.6
Current liabilities
Financial liabilities
54,618.5
45,117.2
Corporate bonds
107,422.4
106,835.0
Tax provisions
6,217.7
8,122.8
Other provisions
5,399.1
5,422.9
Trade payables
8,615.7
9,301.1
Income tax liabilities
2,577.1
5,318.0
Other current liabilities
5,009.9
3,782.4
189,860.3
183,899.5
Financial liabilities regarding non-current assets held for sale
5,065.5
1,033,181.5
TOTAL EQUITY AND LIABILITIES
TEUR 31/12/2023 30/09/2023
0.0
954.1
989,968.0
2,721.5
26,205.1
4,933.6
33,860.2
6,350.0
35,155.9
197,141.6
723.4
83,378.6
316,399.5
378,298.8
36,763.6
71,051.9
3.5
12,057.6
31,703.7
529,879.2
0.0
1,030,178.2

Deutsche Konsum REIT-AG, Broderstorf Statement of comprehensive income

TEUR 01/10/2023-
31/12/2023
01/10/2022-
31/12/2022
Rental income 19,912.8 18,681.4
Income from operating and ancillary costs 5,074.6 4,855.9
Operating expenses -12,238.2 -10,533.4
Net rental income 12,749.1 13,004.0
Proceeds from the disposal of properties 0.0 8,850.0
Expenses on the sale of properties -16.7 -9,057.8
Net proceeds from the disposal of properties -16.7 -207.8
Other income 208.5 858.8
Subtotal 12,940.9 13,654.9
Personnel expenses -307.0 -337.4
Deprecitation and amortisation of tangible and intangible assets -29.3 -3.6
Impairment loss of inventories and receivables -73.8 -1,659.7
Other administrative expenses -1,638.3 -879.4
Administrative expenses -2,048.4 -2,880.1
EBIT 10,892.5 10,774.8
Interest income 952.2 1,496.9
Interest expense -4,988.8 -4,020.2
Financial result -4,036.5 -2,523.3
EBT 6,856.0 8,251.6
Income tax -345.5 0.0
Other tax 0.0 0.0
Net income 6,510.5 8,251.6
Earnings per share (in EUR)
Undiluted earnings per share 0.19 0.23
Diluted earnings per share 0.13 0.17
Net income 6,510.5 8,251.6
Other comprehensive income
Items reclassified to profit or loss
Impairment of acquired loans 0.0 146.9
Change in fair value of acquired loans 0.0 -71.9
Fair value change on acquired loans reclassified to profit or loss 0.0 -75.0
Subtotal 0.0 0,0
Total other comprehensive income 0.0 0.0
Total comprehensive income 6,510.5 8,251.6

Deutsche Konsum REIT-AG, Broderstorf Statement of changes in equity

TEUR Issued share
capital
Capital
reserve
Other reserves OCI Retained
earnings
Total equity
As at 01/10/2022 35,155.9 197,141.6 723.4 0.0 281,278.7 514,299.6
Period result 8,251.6 8,251.6
As at 31/12/2022 35,155.9 197,141.6 723.4 0.0 289,530.2 522,551.2
As at 01/10/2023 35,155.9 197,141.6 723.4 0.0 83,378.6 316,399.5
Period result 6,510.5 6,510.5
As at 31/12/2023 35,155.9 197,141.6 723.4 0.0 89,889.1 322,910.1

Deutsche Konsum REIT-AG, Broderstorf Cash flow statement

Information in TEUR 01/10/2023-
31/12/2023
01/10/2022-
31/12/2022
Period result 6,510.5 8,251.6
+/- Interest expense/interest income 4,036.5 2,523.3
+/- Depreciation, amortisation and write-downs/reversals of intangible as
sets, tangible assets and financial assets
29.3 3.6
+ Impairments on inventories and receivables 73.8 1,659.7
-/+ Gains/losses on disposals of investment properties 0.0 207.8
+/- Increase/decrease in provisions -23.8 885.6
+/- Income tax expense/income Current income taxes 4.3 0.0
+/- Income tax expense/income Deferred income taxes 341.2 0.0
- Income taxes paid -4,667.2 -184.1
-/+ Increase/decrease in inventories, trade receivables and other assets
not attributable to investing or financing activities
-545.6 -426.8
+/- Increase/decrease in trade payables and other liabilities not attributable
to investing or financing activities
543.9 -1,761.7
Cash flow from operating activities 6,302.8 11,158.9
+ Cash receipts relating to disposals of investment properties 0.0 8,642.2
- Cash payments related to property investments -2,010.7 -56,846.2
- Cash payments related to investments in financial assets -9.8 0.0
+ Cash receipts from the investment of cash funds for short-term cash
management
1,885.0 36,498.8
- Cash payments related to short-term cash investments 0.0 -16,036.9
+ Proceeds from the disposal of other non-current assets held for sale 5,000.0 0.0
+ Interest received 3,067.8 324.0
Cash flow from investing activities 7,932.4 -27,418.1
+ Proceeds from borrowings 0.0 25,895.0
- Cash payments related to the issue of borrowings -15.0 -156.9
- Amortisation of loans -6,015.1 -7,045.0
- Interest paid -3,666.3 -2,609.6
Cash flow from financing activities -9,696.4 16,083.5
Change in cash and cash equivalents 4,538.9 -175.7
Cash and cash equivalents at the beginning of the period 4,933.6 4,827.0
Cash and cash equivalents at the end of the period 9,472.4 4,651.3

About Deutsche Konsum REIT-AG

Deutsche Konsum REIT-AG is a listed real estate company focusing on German retail properties for everyday consumer goods in established micro-locations. The focus of the Company's activities is on the acquisition, management and development of local supply properties with the aim of achieving a steady increase in value and lifting hidden reserves. The shares of the Company are traded on the Prime Standard of Deutsche Bˆrse (ISIN: DE000A14KRD3) and by way of a secondary listing on the JSE (JSE Limited) (South Africa).

Deutsche Konsum holds a retail portfolio with a lettable area of around 1,070,000 sqm and an annualised rent of around EUR 79.3 million, spread over 183 properties, at the time of publication of this quarterly statement. The balance sheet value of the portfolio is currently around EUR 1.0 billion.

Deutsche Konsum REIT-AG share

As at 12 February 2024
ISIN DE000A14KRD3
WKN A14KRD
Ticker symbol DKG
Initial offering 15/12/2015
Number of shares 35,155,938
Share capital EUR 35,155,938.00
Trading locations XETRA, Frankfurt, Berlin,
JSE (South Africa/secondary listing)
Market segment Prime Standard
Share price (closing price Xetra on 12 February 2024) EUR 3.33
Market capitalisation more than EUR 110 million
52W – high/low (Xetra) EUR 8.38/2.50

Financial calender

14 February 2024 Publication of the quarterly statement for the first quarter
of 2023/2024 financial year
15 May 2024 Publication of the half-yearly financial report
of 2023/2024 financial year
31 May 2024 Annual General Meeting, Berlin
14 August 2024 Publication of the quarterly statement for the third quarter
of 2023/2024 financial year
23 September 2024 Baader Investment Conference, Munich
19 December 2024 Publication of the final annual statements/annual financial report
for the financial year 2023/2024

Publisher

The Management Board of Deutsche Konsum REIT-AG.

Contact

Deutsche Konsum REIT-AG

Business address: Marlene-Dietrich-Allee 12b 14482 Potsdam Germany Phone +49 (0) 331 74 00 76 -555 Fax +49 (0) 331 74 00 76 -599 Email [email protected]

(Incorporated in the Federal Republic of Germany) (Registration number HRB 13072) FSE Share Code: A14KRD JSE Share Code: DKR ISIN: DE000A14KRD3 LEI: 529900QXC6TDASMCSU89

JSE Sponsor

PSG Capital

Disclaimer

This quarterly statement contains forward-looking statements. These are based on current estimates and are, therefore, subject to risks and uncertainties. In this respect, the events actually occurring may deviate from the statements formulated here.

The report is also available in English. In doubtful cases, the German version is authoritative.

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