Brief: Deutsche Konsum REIT Sells Partial Portfolio

Deutsche Konsum Real Estate AG

30/09/2021 06:20

Sept 30 (Reuters) - DEUTSCHE KONSUM REIT AG  DKG.DE :
    * DEUTSCHE KONSUM REIT SELLS PARTIAL PORTFOLIO WITH
SIGNIFICANT
PROFIT / STABLE BUSINESS DEVELOPMENT IN THE PAST FINANCIAL YEAR
2020/2021 AND POSITIVE OUTLOOK
    * DIVIDEND 0.25 EURPER SHARE
    * PURCHASE PRICE OF EUR 47.2 MILLION IS THEREFORE 18 TIMES
ANNUAL
RENT
    * TRANSFER OF BENEFITS AND ENCUMBRANCES OF ALL PROPERTIES IS
EXPECTED BY JANUARY 2022
    * BUYER IS A GERMAN INSTITUTIONAL FUND
    * HALF OF CAPITAL GAIN REALISED IN FINANCIAL YEAR 2021/2022
IS TO
BE USED TO PURCHASE NEW FOOD-ANCHORED RETAIL PROPERTIES
    * OTHER HALF IS, SUBJECT TO SHAREHOLDER APPROVAL AT UPCOMING
ANNUAL GENERAL MEETING, TO BE DISTRIBUTED AS AN ADDITIONAL
DIVIDEND FOR 2021/2022 FINANCIAL YEAR
    * POSITIVE OUTLOOK FOR 2021/2022 FINANCIAL YEAR
    * AND ANTICIPATES PROPERTY ACQUISITIONS OF BETWEEN EUR 100
MILLION
AND EUR 150 MILLION IN UPCOMING FINANCIAL YEAR

Source text for Eikon:  ID:nEQ3JTWn4a 
Further company coverage:  DKG.DE 

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