Demire Deutsche Mittelstand Real Estate Ag · XETR:DMRE
Demire Deutsche Mittelstand Real Estate — H1 2026 Earnings Presentation
14 slides from Demire Deutsche Mittelstand Real Estate's earnings presentation, Aug 13, 2026
Slide 1: Results Call H1 2026
Results Call H1 2026 13 August 2026
Slide 2: Disclaimer
Disclaimer This document is for informational purposes only. This document is not intended to form the basis of any investment decision and should not be considered as a recommendation by DEMIRE Deutsche Mittelstand Real Estate AG (the “Company”) or any other person in relation to the Company. This
Slide 3: Table of Contents
Table of Contents 01 Executive summary 02 Portfolio highlights 03 Financial highlights
Slide 4: Executive summary
—] [>emrre Ol Executive summary
Slide 5: Executive summary
01 Executive summary Successful execution of the disposal pipeline, guidance updated Rental income FFO I ▪ Rental income with € 23.0m c. 17% lower compared to the previous ▪ FFO I2) at € 2.0m, reduction from € 5.0m mainly driven by declining period, primarily due to divestments over the course of th
Slide 6: Portfolio highlights
—] [>emrre 02 Portfolio highlights
Slide 7: Portfolio highlights
02 Portfolio highlights Lower asset base impacts annualised contractual rents and letting performance Annualised contractual rent (€ m) Letting performance (sqm) 56.4 40,500 46.0 18,310 FY 2025 H1 2026 H1 2025 H1 2026 ▪ Reduction mainly driven by the smaller asset base following disposals ▪ Reduced
Slide 8: Portfolio highlights
02 Portfolio highlights Occupancy rate impacted by two larger drivers, WALT stable and adequate for a portfolio with office overweight EPRA-Vacancy1) (%) Weighted average lease term (years) 21.5 5.0 4.7 16.4 FY 2025 H1 2026 FY 2025 H1 2026 ▪ Increase of vacancy primarily a consequence of two assets
Slide 9: Financial highlights
—] [>emrre 03 Financial highlights
Slide 10: Shortened P&L statement & FFO-bridge
03 Financial highlights Shortened P&L statement & FFO-bridge: Lower profit a consequence of reduced portfolio, G&A expenses stable H1 2026 H1 2025 Change (€ m) (€ m) (%) Rental income 23.0 27.8 (17.1) 11. Lower profit from the rental of real estate mainly driven by disposals throughout the last year
Slide 11: Shortened balance sheet
03 Financial highlights Shortened balance sheet: disposal of one larger encumbered asset leads to small balance sheet contraction H1 2026 FY 2025 Change (€ m) (€ m) (%) Investment properties 621.7 591.9 5.0 11. Mainly driven by the disposal of one asset in Flensburg and reclassification of one large
Slide 12: Net-LTV and Cost of debt slightly improved
03 Financial highlights Net-LTV and Cost of debt slightly improved Net-LTV1) (%) Average cost of debt2) (% p.a.) 4.83 4.74 41.8 42.4 FY 2025 H1 2026 FY 2025 H1 2026 ▪ Net-LTV virtually unchanged ▪ Average cost of debt slightly lower driven by the (partial) redemption of the loan secured with the ass
Slide 13: Q&A
Q&A 13
Slide 14: Thank you!
Thank you! 14
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