Deutsche Konsum REIT presented figures for the 2019/2020 financial year on Thursday. The real estate group reports an increase in rental income of 34 percent to 56.2 million euros. The company reports an increase of 40 percent to 35 million euros for funds from operations – the amount is in the middle of the company’s forecast. “Due to the positive annual result and the cash capital increase in May 2020, EPRA NAV increased to EUR 11.11 per share as of September 30, 2020 (September 30, 2019: EUR 9.93 per share) and thus increased despite a lower Valuation results from the property valuation ”, according to Deutsche Konsum REIT.
Deutsche Konsum REIT plans to distribute a dividend of 0.40 euros per share for the past fiscal year – 5 cents more than in the previous year, but below the forecast of 0.55 euros. This is done as a precaution against the background of the current lockdown measures to combat the ongoing COVID-19 pandemic, according to Deutsche Konsum REIT.
For 2020/2021, Deutsche Konsum REIT expects an increase in funds from operations to between EUR 42 million and EUR 45 million.
Livestream on December 14th, 2020 from 6 p.m .:
With Hans-Werner Sinn, former President of the Ifo Institute: Corona and the miraculous increase in money in Europe
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