Brief: DIC Asset 9-Mth Profit Down EUR 35.4 Mln

BRANICKS AG

09/11/2022 06:20

Nov 9 (Reuters) - DIC ASSET AG  DICn.DE :
    * WELL-POSITIONED AND STABLE – NET TAKE-UP INCREASED BY 31%
    * BY YEAR-END, DIC EXPECTS TO SEE EUR 114 TO 117 MILLION IN
FFO,
WHICH WOULD IMPLY A YEAR-ON-YEAR INCREASE BY 7-10%
    * 9-MONTH NET INTEREST INCOME DROPPED TO EUR -41.6 MILLION
(9M
2021: EUR -23.6 MILLION)
    * 9-MONTH ASSETS UNDER MANAGEMENT CLIMB TO EUR 14.5 BILLION
(+27%)
    * 9-MONTH SUSTAINED HIGH LETTING RESULT OF OVER 296,300 SQM
(+31%)
    * 9-MONTH LIKE-FOR-LIKE RENTAL INCOME GROWTH OF 3.9% IN
COMMERCIAL
PORTFOLIO
    * LOAN-TO-VALUE RATIO (LOAN TO VALUE, LTV) INCREASED TO
56.9%
SINCE END OF 2021 (31 DECEMBER 2021: 48.5%)
    * OUTLOOK 2022: FFO GROWTH BY 7% TO 10% YEAR-ON-YEAR
    * 9-MONTH PROFIT FOR PERIOD 35.4 MILLION EUR VERSUS 51.2
MILLION
EUR YEAR AGO

Source text for Eikon:  ID:nEQ816jdRa 
Further company coverage:  DICn.DE 
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