Brief: DEMIRE Increases Guidance - FFO I Will Exceed Previous Year's Figure

Demire Deutsche Mittelstand Real Estate AG

23/11/2021 12:22

Nov 23 (Reuters) - DEMIRE DEUTSCHE MITTELSTAND REAL ESTATE
AG  DMRE.DE :
    * GUIDANCE INCREASE - FFO I WILL EXCEED PREVIOUS YEAR'S
FIGURE
    * FFO I (AFTER TAXES, BEFORE MINORITIES)* IN 2021 NOW
EXPECTED TO
EXCEED PREVIOUS YEAR'S FIGURE OF EUR 39.2 MILLION (PREVIOUSLY:
EUR 34.5 TO 36.5 MILLION)
    * GUIDANCE FOR RENTAL INCOME IN 2021 AT UPPER END OF
GUIDANCE OF
EUR 80.0 TO 82.0 MILLION SUBSTANTIATED
    * OVERALL, A STRONGER INCREASE IN EARNINGS IS EXPECTED. THIS
IS
DUE TO A HIGHER RESULT FROM LETTING PROPERTIES, LOWER
CORONA-RELATED IMPAIRMENTS, AND LOWER SG&A COSTS THAN PLANNED

Source text for Eikon:  ID:nEQ3r3t6Za 
Further company coverage:  DMRE.DE 

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