Brief: Demire H1 Rental Income Up At EUR 43.8 Million

Demire Deutsche Mittelstand Real Estate AG

19/08/2020 06:07

Aug 19 (Reuters) - DEMIRE DEUTSCHE MITTELSTAND REAL ESTATE
AG  DMRE.DE :
    * RENTAL INCOME AND FFO INCREASE IN THE FIRST HALF OF 2020,
NEW
2020 GUIDANCE PREDICTS FURTHER GROWTH
    * NEW FORECAST: RENTAL INCOME AND FFO EXPECTED TO BE HIGHER
THAN
PREVIOUS YEAR
    * DIVIDEND PROPOSAL OF EUR 0.54 PER SHARE FOR ANNUAL GENERAL
MEETING ON 22 SEPTEMBER 2020
    * H1 RENTAL INCOME INCREASED BY 14.7 PERCENT TO EUR 43.8
MILLION
    * H1 FFO I (AFTER TAXES, BEFORE MINORITIES) IMPROVED BY 5.9
PERCENT TO EUR 16.9 MILLION
    * UNDILUTED EPRA NAV PER SHARE ROSE FROM EUR 6.35 AT END OF
2019
TO EUR 6.43 IN H1
    * EXPECTS RENTAL INCOME BETWEEN EUR 85 AND 87 MILLION IN
2020
(2019: EUR 81.8 MILLION) AND FFO I (AFTER TAXES, BEFORE
MINORITIES) BETWEEN EUR 36 AND 38 MILLION (2019: EUR 34.5
MILLION)
    * POSSIBLE FURTHER ACQUISITIONS OR DISPOSALS IN SECOND HALF
OF
2020 ARE NOT INCLUDED IN GUIDANCE

Source text for Eikon:  ID:nEQ3HzVKxa 
Further company coverage:  DMRE.DE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))