Overview
Germany retail property firm's Q1 rental income decreased due to planned property sales
FFO rose to EUR 7.4 mln, driven by lower interest expenses
Company progresses with restructuring via capital increase and property sales
Outlook
Company forecasts rental income of EUR 58 mln to EUR 63 mln for fiscal year 2025/2026
Company expects reduction in financing expenses due to restructuring measures
Earnings performance dependent on property sales and restructuring measures
Result Drivers
PROPERTY SALES - Rental income decreased as planned due to property sales, impacting Q1 results
LOWER INTEREST EXPENSES - FFO increased to EUR 7.4 million, largely driven by lower interest expenses
RESTRUCTURING MEASURES - Progress in restructuring through capital increase and property sales
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Rental Income
EUR 16.90 mln
Q1 FFO
EUR 7.40 mln
Analyst Coverage
The one available analyst rating on the shares is "hold"
The average consensus recommendation for the real estate services peer group is "buy."
Wall Street's median 12-month price target for Deutsche Konsum Real Estate AG is €3.80, about 123.5% above its February 12 closing price of €1.70
Press Release: ID:nEQ71wsgFa
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(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.)