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Demire: New dividend policy?

Demire’s FFO I fell by 15 percent in the second quarter. The company reports a value of 7.2 million euros. The analysts from Pareto Securities had expected 5.8 million euros.

For the year as a whole, Demire is now expecting rental income of 85 million euros to 87 million euros (old: 90 million euros to 92 million euros). The FFO I should be between 36 million euros and 38 million euros (old: 40 million euros to 42 million euros). From the perspective of the analysts, the new forecast must be assessed neutrally.

Major shareholder Apollo demands a quota of 100 percent for the dividend distribution. The entire profit should go to the shareholders, that would be 0.53 euros per share. It cannot yet be said whether this full distribution will be Demire’s new dividend policy.

Demire analysts confirm the hold recommendation for Demire shares. The price target remains unchanged at EUR 4.00.

Demire’s shares gain 3.3 percent to 4.69 euros. The price is thus clearly above the price target.

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