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DKG — Deutsche Konsum Real Estate AG News Story

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Deutsche Konsum REIT H1 rental income falls due to property sales

Overview

Germany retail property landlord's H1 rental income fell yr/yr due to property sales

H1 FFO rose yr/yr, driven by reduced interest expenses after restructuring

Company completed debt-to-equity swap and property sales, reducing financial liabilities and net LTV

Outlook

Company maintains 2025/2026 rental income guidance of EUR 58 mln to EUR 63 mln

Deutsche Konsum expects FFO to increase in 2025/2026, driven by reduced interest expenses

Company targets completion of restructuring by September 2027, with property sales up to EUR 220 mln

Result Drivers

RESTRUCTURING MEASURES - Co said debt-to-equity swap and property sales reduced financial liabilities and improved net LTV

PROPERTY SALES - Co said lower rental income was due to property sales as part of restructuring

LOWER INTEREST EXPENSES - Co said increase in FFO was mainly driven by reduced interest expenses after restructuring

Company press release: ID:nEQ1XKCqNa

Key Details

MetricBeat/MissActualConsensus Estimate
H1 Rental IncomeEUR 32.9 mln
H1 FFOEUR 13.2 mln
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.)

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