Demire Deutsche Mittelstand Real Estate Ag · XETR:DMRE
Demire Deutsche Mittelstand Real Estate — FY2024 Earnings Presentation
15 slides from Demire Deutsche Mittelstand Real Estate's earnings presentation, Mar 20, 2025
Slide 1: Results Call FY 2024
Results Call FY 2024 20 March 2025
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 – Results FY 2024
01 Executive summary – Results FY 2024 Bond restructuring successfully completed, guidance for rental income and FFO I achieved Asset Management Transactions ▪ Annualised contractual rent as of December 2024 at € 56.4m, lower ▪ Highest annual disposal volume in company history achieved compared to y
Slide 6: Portfolio highlights
—] [>emrre 02 Portfolio highlights
Slide 7: Portfolio highlights: annualised contractual rent and letting performance
02 Portfolio highlights Annualised contractual rent lower due to smaller portfolio, letting performance stabilised Annualised contractual rent (€ m) Letting performance (sqm) 74,400 76.7 68,400 56.4 FY 2023 FY 2024 FY 2023 FY 2024 ▪ Reduction mainly driven by disposal of the “LogPark Leipzig” (€ 7.8
Slide 8: Portfolio highlights: EPRA-Vacancy and WALT
02 Portfolio highlights Occupancy rate impacted by two main effects, WALT remained stable EPRA-Vacancy1) (%) Weighted average lease term (years) 15.1 4.6 4.6 13.1 FY 2023 FY 2024 FY 2023 FY 2024 ▪ Increase of vacancy primarily a consequence of the insolvency of the ▪ Natural WALT reduction balanced
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: Rental income and FFO down following portfolio reduction, significant profit from bond buy-backs FY 2024 FY 2023 Change (€ m) (€ m) (%) Rental income 1 65.3 78.5 (16.9) 11. Lower rental income mainly driven by sale of “LogPark” in Leipzig
Slide 11: Shortened balance sheet
03 Financial highlights Shortened balance sheet: contraction of balance sheet reflects lower asset base and deleveraging FY 2024 FY 2023 Change (€ m) (€ m) (%) Investment properties 1 724.7 947.3 (23.5) 11. Reduction primarily following the deconsolidation of the “LIMES” portfolio and the revaluatio
Slide 12: Net-LTV and average cost of debt after restructuring
03 Financial highlights Successful restructuring of the maturing notes results in material deleveraging, interest level adjusted to market levels Net-LTV1) (%) Average cost of debt2) (%) 57.7 4.35 40.9 1.74 FY 2023 FY 2024 FY 2023 FY 2024 ▪ Significant deleveraging achieved by generating disposal pr
Slide 13: Guidance rental income and FFO I FY 2024 and FY 2025
03 Financial highlights Guidance rental income and FFO I FY 2024 and FY 2025 Guidance 2024 Guidance Actual Guidance 2025 Guidance Rental income € 64 – 66m € 65.3m Rental income € 51 – 53m FFO I FFO I Significantly lower € 23.4m (after taxes, before minorities, € 3.5 – 5.5m (after taxes, before minor
Slide 14: Q&A
Q&A 14
Slide 15: Thank you!
Thank you! 15
DEMIRE Deutsche Mittelstand Real Estate — FY2024 Earnings Presentation on 6ix