Business
Deutsche Konsum REIT-AG Publishes Its Third Quarter Report for the 2024/2025 Fiscal Year
Reduction of rental income due to sales Net LTV reduced to 55,8 % (September 30, 2024: 57,2 %) FFO at EUR 9,9 million / aFFO at EUR 5,6 million / FFO per share at EUR 0,24 Financial restructuring negatively impacts results due to one-off costs P...
About this update from Deutsche Konsum Real Estate Ag
[{"type":"table","headerItems":[],"items":[{"val":[{"val":[{"type":"list","items":[{"val":[{"type":"text","content":"Reduction of rental income due to sales","length":39,"tagName":"p"}]},{"val":[{"type":"text","content":"Net LTV reduced to 55,8 % (September 30, 2024: 57,2 %)","length":54,"tagName":"p"}]},{"val":[{"type":"text","content":"FFO at EUR 9,9 million / aFFO at EUR 5,6 million / FFO per share at EUR 0,24","length":76,"tagName":"p"}]},{"val":[{"type":"text","content":"Financial restructuring negatively impacts results due to one-off costs","length":71,"tagName":"p"}]},{"val":[{"type":"text","content":"Portfolio valuation as of 30.06.2025 results in a revaluation loss of EUR 47,2 million","length":86,"tagName":"p"}]},{"val":[{"type":"text","content":"EPRA NTA (fully diluted) per share at EUR 6,71","length":46,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":372,"olType":false},{"type":"text","content":"POTSDAM, Germany - August 14, 2025 (NEWMEDIAWIRE) - Deutsche Konsum REIT-AG (ISIN DE000A14KRD3) (the "Company") has published its third quarter report for the 2024/2025 fiscal year today.","length":197,"tagName":"p"},{"type":"text","content":"Operative Development","length":21,"tagName":"p"},{"type":"text","content":"Following property sales, the portfolio has decreased to 152 properties with a balance sheet value of EUR 824.2 million. Rental income of EUR 52.7 million was impacted by sales and decreased as expected (9M 2023/2024: EUR 59.2 million). Net rental income was EUR 29.8 million (9M 2023/2024: EUR 37.8 million).","length":309,"tagName":"p"},{"type":"text","content":"Funds from Operations (FFO) decreased to EUR 9.9 million or EUR 0.24 per share (9M 2023/2024: EUR 24 million or EUR 0.68 per share) in comparison to the same period of last year. The decline year-over-year is primarily due to the reduction in Financial Result and asset sales.","length":276,"tagName":"p"},{"type":"text","content":"In addition, extraordinary costs of ongoing financial restructuring negatively affect net income.","length":97,"tagName":"p"},{"type":"text","content":"The portfolio was revalued by CBRE as of 30 June 2025, resulting in a valuation loss of EUR 47.2 million. This was mostly due to vacancies and necessary capital investment.","length":172,"tagName":"p"},{"type":"text","content":"Debt reduction and strengthening of equity base","lengt...