Brief: DEMIRE Sells Three Non-Strategic Commercial Assets Significantly Above EUR 46 Mln

Demire Deutsche Mittelstand Real Estate AG

22/12/2021 06:07

Dec 22 (Reuters) - DEMIRE DEUTSCHE MITTELSTAND REAL ESTATE
AG  DMRE.DE :
    * DEMIRE SELLS THREE NON-STRATEGIC COMMERCIAL ASSETS
SIGNIFICANTLY
ABOVE MARKET VALUE
    * TRANSACTIONS ENCOMPASS OFFICE BUILDINGS IN REGENBURG
(APPROX.
30,200 SQM), POTSDAM (APPROX. 3,800 SQM) AND BAD BRAMSTEDT WITH
APPROX. 1,000 SQM OF RENTAL SPACE
    * TRANSACTION PROCEEDS AMOUNT TO MORE THAN EUR 46 MILLION
AND
SURPASSES MOST RECENT DETERMINED MARKET VALUE IN SOME CASES
SIGNIFICANTLY
    * AS NO FINANCING IS TO BE REPAID FROM THESE PROCEEDS,
DEMIRE CAN
USE ENTIRE LIQUIDITY FOR STRATEGIC ACQUISITIONS AND ASSET
MANAGEMENT MEASURES TO OPTIMISE IT'S PORTFOLIO
    * DISPOSALS HAVE NO IMPACT ON COMPANY'S GUIDANCE FOR CURRENT
FISCAL YEAR, WHICH WAS INCREASED IN NOVEMBER 2023
    * EXPECTS FY FFO I (AFTER TAXES, BEFORE MINORITIES) TO
EXCEED
PREVIOUS YEAR'S FIGURE OF EUR 39.2 MILLION.
    * FY RENTAL INCOME IS EXPECTED TO BE AT UPPER END OF
GUIDANCE
RANGE OF EUR 80.0 TO 82.0 MILLION.

Source text for Eikon:  ID:nEQbPS6cZa 
Further company coverage:  DMRE.DE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 6600;))