Brief: DEMIRE Adjusts Guidance After Investor Withdraws From Purchase Of Logpark In Leipzig

Demire Deutsche Mittelstand Real Estate AG

03/07/2023 21:44

July 3 (Reuters) - Demire  DMRE.DE :
    * EQS-ADHOC: DEMIRE ADJUSTS GUIDANCE AFTER INVESTOR
WITHDRAWS FROM
PURCHASE OF LOGPARK IN LEIPZIG
    * CONSIDERS WITHDRAWAL FROM PURCHASE AGREEMENT TO BE
UNFOUNDED AND
WILL THEREFORE CONSIDER LEGAL ACTION AGAINST IT.
    * PURCHASER OF LOGPARK LOGISTICS PROPERTY THAT PURCHASER
WITHDRAWS
FROM PURCHASE AGREEMENT AND INTENDS NOT TO COMPLETE TRANSACTION
    * CO WILL PROBABLY STILL GENERATE RENTAL INCOME FROM
PROPERTY IN
ENTIRE 2023 FINANCIAL YEAR
    * MANAGEMENT BOARD NOW EXPECTS RENTAL INCOME OF EUR 74.5
MILLION
TO EUR 76.5 MILLION (PREVIOUSLY EUR 71 MILLION TO EUR 73
MILLION)FOR 2023
    * EXPECTS FUNDS FROM OPERATIONS OF EUR 33 MILLION TO EUR 35
MILLION (PREVIOUSLY EUR 30 MILLION TO EUR 32 MILLION) FOR 2023.
    * COMPANY DOES NOT CURRENTLY EXPECT TRANSACTION TO BE
COMPLETED IN
2023

Source text for Eikon:  ID:nEQb9FH8Ra 
Further company coverage:  DMRE.DE 

 ((Reuters.Briefs@thomsonreuters.com;))