DGAP-News: Deutsche Industrie REIT-AG successfully ends first half of 2018/2019 and confirms FFO forecast.


Nachricht vom 15.05.201915.05.2019 (www.4investors.de) -


DGAP-News: Deutsche Industrie REIT-AG / Key word(s): Half Year Results

Deutsche Industrie REIT-AG successfully ends first half of 2018/2019 and confirms FFO forecast.
15.05.2019 / 07:18


The issuer is solely responsible for the content of this announcement.
Deutsche Industrie REIT-AG successfully ends first half of 2018/2019 and confirms FFO forecast.

- Rental income of EUR 10.5 million.
- FFO of EUR 5.2 million.
- Investment properties of EUR 284 million.
- EPRA-NAV at EUR 5.46 per share
- Net-LTV at 58.3%
- FFO forecast of EUR 12 to 14 million for financial year 2018/2019

Rostock, May 15, 2019 - Deutsche Industrie REIT-AG (ISIN DE000A2G9LL1) has successfully completed its first half of 2018/2019.

Real estate portfolio grows to EUR 284 million

Portfolio growth continued in the first half of the 2018/2019 financial year (01/10/2018 - 31/03/2019). As of 31 March 2019, a total of 38 properties with a total value of EUR 284 million in the balance sheet. In addition, further 11 properties were acquired for which the transfer of ownership took place or will take place after 31 March 2019.

Considering all properties already notarised, the proforma portfolio of Deutsche Industrie proforma consists of 49 properties with a rentable commercial space of around 900,000 sqm, an annualised total rent of around EUR 32.5 million and a portfolio value of around EUR 338 million.
The company is in certain transaction processes and expects further acquisitions in the current financial year.

Successful financings

In addition to the capital increase carried out in December 2018 with gross proceeds of approximately EUR 49.5 million, new loans of EUR 11.2 million were taken out with various savings banks and the secured bond was increased by EUR 28.1 million.

Furthermore, a loan of EUR 42.0 million was raised at the beginning of April 2019 (after the balance sheet date of March 31, 2019), thus successfully continuing the development of refinancing structures.

Positive period result

With rental income of EUR 10.5 million, an FFO (Funds From Operations) of EUR 5.2 million was achieved.
EPRA NAV (Net Asset Value) amounted to EUR 122.9 million as of 31 March 2019, corresponding to EUR 5.46 per share. The net LTV (loan-to-value), was 58.3% on 31 March 2019.

FFO forecast for the financial year 2018/2019

Business development is proceeding positive as expected, which is why we confirm the forecast we made in the first quarter with an FFO of between EUR 12 million and EUR 14 million for the 2018/2019 financial year.
The FFO - Run Rate (annualised FFO without accrual effects) is forecasted at EUR 17 to EUR 19 million at the end of the financial year 2018/2019.

Publications for the first half of 2018/2019

The half-year financial report for the 2018/2019 financial year, the presentation of results and further information on the company can be found at:

https://www.deutsche-industrie-reit.de/en/

About the Deutsche Industrie REIT-AG:

Deutsche Industrie REIT-AG invests sustainably in Light-Industrial real estate in Germany. In addition to the activities of warehousing and distribution of goods, Light Industrial also covers their administration and production. The asset class consists mainly of medium to large industrial and commercial park areas. The areas are usually more complex than pure logistics real estate and have a high local relevance. The share is listed on the regulated market of Berlin Stock Exchange and in the Prime Standard of the Frankfurt Stock Exchange. Since the beginning of 2018, the company has been granted the status of a real estate investment trust (REIT) and the related income tax exemption.

Contact:
Deutsche Industrie REIT-AG
Mr René Bergmann
Chief Financial Officer
August-Bebel-Str. 68
14482 Potsdam
Tel. +49 331 740 076 535











15.05.2019 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.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language:
English
Company:
Deutsche Industrie REIT-AG

August-Bebel-Str. 68

14482 Potsdam


Germany
Phone:
+49 331 740076 5 - 0
Fax:
+49 331 / 740 076 520
E-mail:
rb@deutsche-industrie-reit.de
Internet:
http://www.deutsche-industrie-reit.de
ISIN:
DE000A2G9LL1, DE000A2GS3T9
WKN:
A2G9LL, A2GS3T
Listed:
Regulated Market in Berlin, Frankfurt (Prime Standard)
EQS News ID:
810925

 
End of News
DGAP News Service




810925  15.05.2019 











Aktuelle Nachrichten aus der 4investors-Redaktion

22.05.2019 - Steinhoff: Verschiebung in Amsterdam
22.05.2019 - Timeless Hideaways: Keine Kündigung der Anleihe
22.05.2019 - Abacus Medicine: Preisspanne steht fest
22.05.2019 - Borussia Dortmund: Nationalspieler im Anflug
22.05.2019 - Deutsche Telekom: Der Vorstand wird verkleinert
22.05.2019 - Stemmer Imaging: Übernahme
22.05.2019 - Deutsche Rohstoff: Ölsuche in Baden
22.05.2019 - German Startups Group will eigene Aktien kaufen
22.05.2019 - co.don erhöht Kapital: Volumen nicht komplett platziert
22.05.2019 - Sporttotal: Millionenauftrag aus Brasilien


Chartanalysen

22.05.2019 - Deutsche Bank Aktie: Kommt jetzt die Kurserholung?
22.05.2019 - Aumann Aktie: Zarte Pflanze der Hoffnung
22.05.2019 - TUI Aktie: Gelingt der Befreiungsschlag?
22.05.2019 - Wirecard Aktie mit Kaufsignalen: Kursziel Allzeithoch?
21.05.2019 - Pepkor Holdings: „Bad news” für die Aktie der Steinhoff-Tochter?
21.05.2019 - Aareal Bank Aktie: Unterwegs zurück Richtung Jahreshoch?
21.05.2019 - Commerzbank Aktie: Bahnt sich hier der Boden an?
21.05.2019 - Aurelius Aktie: Kommt der große Durchbruch nach oben?
21.05.2019 - Wirecard Aktie: Die Kursrallye nimmt Fahrt auf
21.05.2019 - Gazprom Aktie: Ist jetzt große Vorsicht angebracht?


Analystenschätzungen

22.05.2019 - SMA Solar Technology: Strategie wird unterstützt
22.05.2019 - Südzucker: Neues vom Zuckermarkt
22.05.2019 - Mutares: Klare Fortschritte absehbar
22.05.2019 - K+S: Übles Kursziel
22.05.2019 - Hella: Über den Erwartungen
22.05.2019 - H&R: Unspektakulärer Auftakt
22.05.2019 - Aurubis: Sinnvolle Akquisition
22.05.2019 - Telefonica Deutschland: Gute Entwicklungschancen
22.05.2019 - United Internet: Eine Konsequenz der 5G-Versteigerung
22.05.2019 - Tesla: Gewinnerwartungen werden klar reduziert


Kolumnen

22.05.2019 - Rezessionswahrscheinlichkeit für die Eurozone fällt - VP Bank Kolumne
22.05.2019 - DAX: Inside Day - UBS Kolumne
22.05.2019 - EuroStoxx 50: Erneuter Test der 200-Tage-Linie steht bevor - UBS Kolumne
22.05.2019 - Ölpreis: OPEC+ vor Förderausweitung, aber… - Commerzbank Kolumne
22.05.2019 - DAX: Ruhe vor dem Sturm? - Donner & Reuschel Kolumne
21.05.2019 - S&P 500: Bären leicht im Vorteil - UBS Kolumne
21.05.2019 - DAX: Bearisher Wochenauftakt belastet das Chartbild - UBS Kolumne
21.05.2019 - DAX: Die politischen Beine sind lang und haarig... - Donner & Reuschel Kolumne
20.05.2019 - Japan: BIP-Wachstum nur auf den ersten Blick überraschend stark - Nord LB Kolumne
20.05.2019 - SAP Aktie: Aufwärtsmomentum muss genutzt werden - UBS Kolumne