Brief: Deutsche Konsum FY Rental Income Up At EUR 12.2 Million

Deutsche Konsum Real Estate AG

13/02/2020 06:08

Feb 13 (Reuters) - DEUTSCHE KONSUM REIT AG  DKG.DE :
    * WITH REVENUE JUMP IN THE FIRST QUARTER OF 2019/2020 -
PURCHASE
VOLUME OF THE ENTIRE PREVIOUS YEAR ALREADY EXCEEDED
    * FY RENTAL INCOME INCREASED BY 29% TO EUR 12.2 MILLION
    * FY EPRA NAV AT EUR 10.13 PER SHARE
    * SEES SIGNIFICANT EXPANSION OF BALANCE SHEET AND RENTAL
CASH
FLOWS IN FURTHER COURSE OF FINANCIAL YEAR
    * WE ALSO EXPECT FURTHER INCREASES IN PROFITABILITY AND
MARGIN
IMPROVEMENTS
    * SEES FFO RUN RATE AS OF 30 SEPTEMBER 2020 BETWEEN EUR 40
MILLION
AND EUR 42 MILLION
    * CONFIRMS ITS FORECAST AND EXPECTS FFO OF BETWEEN EUR 34
MILLION
AND EUR 36 MILLION IN 2019/2020 FINANCIAL YEAR
    * SIGNIFICANT INCREASE IN RENTAL INCOME FROM ACQUISITIONS
CAN BE
EXPECTED FROM Q3 ONWARDS

Source text for Eikon:  ID:nEQGLn3Fa 
Further company coverage:  DKG.DE 

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