Deutsche EuroShop Q1 profit falls on higher interest expenses

Deutsche Euroshop AG

12/05/2026 17:10

Overview

Germany shopping center investor's Q1 2026 revenue rose 2% yr/yr

Q1 consolidated profit and EPRA earnings fell, weighed by higher interest expenses

Company confirmed full-year forecast

Outlook

Deutsche EuroShop confirms 2026 revenue guidance of €269 mln to €277 mln

Company maintains 2026 EBIT forecast at €211 mln to €219 mln

Deutsche EuroShop expects 2026 FFO of €134 mln to €142 mln or €1.77 to €1.87 per share

Result Drivers

RENTAL INCOME AND SEVERANCE PAYMENTS - Revenue rose 2% yr/yr, driven by higher contractual rents and severance payments from tenants

HIGHER INTEREST EXPENSES - Earnings were weighed down by a €4.8 mln increase in interest expense related to the bond issued in 2025

LOWER FOOTFALL - Visitor numbers at shopping centers fell 0.5% yr/yr, mainly due to harsh winter weather, partly offset by Easter business

Company press release: ID:nEQ4wH5tpa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
EUR 67.6 mln
Q1 EPS
EUR 0.38
Q1 FFO
EUR 35.4 mln
Q1 EPRA Earnings
EUR 34.7 mln
Q1 FFO Per Share
EUR 0.46


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"

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

Wall Street's median 12-month price target for Deutsche EuroShop AG is €20.35, about 3% above its May 11 closing price of €19.76

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago

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.)