Germany's DEMIRE 2025 rental income and FFO I fall, hurt by property sales

Demire Deutsche Mittelstand Real Estate AG

19/03/2026 06:22

Overview

Germany commercial property owner's 2025 rental income and FFO I declined, in line with guidance, says co

Company's EBIT improved but remained negative due to property portfolio write-downs

DEMIRE sold nine properties in 2025 and two more in early 2026, reducing portfolio size

Outlook

DEMIRE sees 2026 rental income between EUR 41.5 mln and EUR 43.5 mln

Company expects 2026 FFO I between EUR -1.0 mln and EUR 1.0 mln

Company says decline in FFO I is mainly due to falling rental income from property sales

Result Drivers

PROPERTY SALES - Lower rental income and FFO I attributed to portfolio reduction from property sales

COST BASE IMPROVEMENT - Co said improved cost base and strong letting performance helped steer FFO toward target, per CEO Dr Dirk Rüffel

ADMINISTRATIVE EXPENSES - Administrative expenses fell by 27.6% compared with the previous year to EUR 10.0 million

Company press release: ID:nGNEc7mcH4

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Rental Income
EUR 53.50 mln
FY Net Income
-EUR 90.30 mln
FY EBIT
-EUR 34.90 mln


Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the real estate rental, development & operations peer group is "buy"

Wall Street's median 12-month price target for Demire Deutsche Mittelstand Real Estate AG is €1.00, about 104.1% above its March 18 closing price of €0.49

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)