Overview
Germany shopping center investor's 2025 revenue declined slightly and missed analyst expectations
EPS for 2025 rose 75% yr/yr
Company placed €500 mln green bond and proposed €1.00 dividend per share
Outlook
Company expects 2026 revenue of €269 mln to €277 mln
Deutsche EuroShop sees 2026 EBIT between €211 mln and €219 mln
Company anticipates slight decline in EBT and FFO in 2026 due to higher interest expenses
Result Drivers
Q1 WEAKNESS, RECOVERY LATER - Co said a late Easter and mild winter hurt Q1, but visitor numbers and retail turnover improved from Q2 onward
HIGHER OCCUPANCY - EPRA occupancy rate rose to 95.0% at year-end from 93.3% a year earlier
FOOD GARDEN OPENING - Opening of Food Garden at Main-Taunus-Zentrum in April 2025 drove footfall up about 12% at that center
Company press release: ID:nEQdPW62a
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
Miss
EUR 270.4 mln
EUR 277.10 mln (5 Analysts)
FY EPS
EUR 2.84
FY FFO Per Share
EUR 1.95
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 €20.90, about 2.7% above its March 31 closing price of €20.35
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.)