Demire Deutsche Mittelstand Real Estate Ag · XETR:DMRE
Demire Deutsche Mittelstand Real Estate — H1 2025 Earnings Presentation
15 slides from Demire Deutsche Mittelstand Real Estate's earnings presentation, Aug 14, 2025
Slide 1: Results Call H1 2025
Results Call H1 2025 14 August 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
01 Executive summary Strong letting performance, progress on divestment targets and stable financial ratios Asset Management Transactions ▪ Annualised contractual rent as of 30 June 2025 at € 54.5m, lower compared ▪ Disposals successfully executed with expected overall proceeds of c. € 40m to year-e
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 materially improved Annualised contractual rent (€ m) Letting performance (sqm) 56.4 54.5 40,500 25,000 FY 2024 H1 2025 H1 2024 H1 2025 ▪ Reduction mainly driven by disposals of two smaller assets
Slide 8: Portfolio highlights: EPRA vacancy and WALT
02 Portfolio highlights Occupancy rate impacted by one larger driver, WALT improved EPRA-Vacancy1) (%) Weighted average lease term (years) 17.3 4.8 15.1 4.6 FY 2024 H1 2025 FY 2024 H1 2025 ▪ Increase of vacancy primarily a consequence of Deutsche Telekom ▪ WALT improvement reflects a prolongation wi
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, elevated interest expenses H1 2025 H1 2024 Change (€ m) (€ m) (%) Rental income 1 27.8 35.5 (21.7) 11. Lower rental income mainly driven by sale of “LogPark” in Leipzig and deconso
Slide 11: Shortened balance sheet
03 Financial highlights Shortened balance sheet: moderate balance sheet contraction, lower reserves following negative profit from the period H1 2025 FY 2024 Change (€ m) (€ m) (%) Investment properties 1 624.1 724.7 (13.9) 11. Reduction primarily following reclassifications of properties to the hel
Slide 12: Net-LTV and average cost of debt
03 Financial highlights No material changes in terms of Net-LTV and Cost of debt Net-LTV1) (%) Average cost of debt2) (%) 42.4 4.35 4.32 40.9 FY 2024 H1 2025 FY 2024 H1 2025 ▪ After significant deleveraging in context of the bond restructuring in Q4 ▪ Average cost of debt virtually stable after debt
Slide 13: Guidance for rental income and FFO updated
03 Financial highlights Guidance for rental income and FFO updated Rental income: € 52–54m (from € 51–53m) FFO I1): € 5.0–7.0m (from € 3.5–5.5m) 1) After taxes, before minorities and shareholder loan interest 13
Slide 14: Q&A
Q&A 14
Slide 15: Thank you!
Thank you! 15
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