Brief: DEMIRE Achieves A Valuation Gain Of EUR 73 Million

Demire Deutsche Mittelstand Real Estate AG

10/01/2022 06:02

Jan 10 (Reuters) - DEMIRE DEUTSCHE MITTELSTAND REAL ESTATE
AG  DMRE.DE :
    * ACHIEVES A VALUATION GAIN OF EUR 73 MILLION
    * HAS HAD ITS PORTFOLIO VALUED BY EXTERNAL APPRAISER SAVILLS
ON A
REGULAR BASIS AS OF 31 DECEMBER 2021
    * BASED ON PRELIMINARY VALUATION, WHICH IS YET TO BE
CONFIRMED BY
AUDITOR, FAIR VALUE OF REAL ESTATE PORTFOLIO AS AT END OF 2021
IS CALCULATED AT EUR 1,415.4 MILLION
    * THIS CORRESPONDS TO AN APPRECIATION OVER PREVIOUS YEAR'S
VALUE
OF EUR 73.1 MILLION OR 5.4% AND RESULTS IN A GROSS RENTAL YIELD
OF 5.5%
    * THESE VALUES DO NOT INCLUDE CIELO PROPERTY IN FRANKFURT,
AS IT
IS ACCOUNTED FOR USING EQUITY METHOD
    * COMPANY'S FORECAST FOR 2021 FINANCIAL YEAR IS INDEPENDENT
OF
VALUATION RESULT AND IS CONFIRMED ONCE AGAIN

Source text for Eikon:  ID:nEQ7GHsR7a 
Further company coverage:  DMRE.DE 

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