Demire Deutsche Mittelstand Real Estate Ag · XETR:DMRE
Demire Deutsche Mittelstand Real Estate — FY2025 Earnings Presentation
15 slides from Demire Deutsche Mittelstand Real Estate's earnings presentation, Mar 19, 2026
Slide 1: Results Call FY 2025
Results Call FY 2025 19 March 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 Strong letting performance, progress on divestment targets and stable financial ratios Asset Management Transactions ▪ Annualised contractual rent as of 31 December 2025 at € 51.3m, lower ▪ Successfully executed on disposals with 11 assets leaving the portfolio for over compared
Slide 6: Portfolio highlights
—] [>emrre 02 Portfolio highlights
Slide 7: Portfolio highlights
02 Portfolio highlights Annualised contractual rent lower due to smaller portfolio, letting performance easily outperforms previous year Annualised contractual rent (€ m) Letting performance (sqm) 56.4 127,800 51.3 56,200 68,400 FY 2024 FY 2025 FY 2024 FY 2025 ▪ Reduction mainly driven by the dispos
Slide 8: Portfolio highlights
02 Portfolio highlights Occupancy rate impacted by one larger driver, WALT improved EPRA-Vacancy1) (%) Weighted average lease term (years) 16.4 4.6 4.7 15.1 FY 2024 FY 2025 FY 2024 FY 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 FY 2025 FY 2024 Change (€ m) (€ m) (%) Rental income 1 53.5 65.3 (18.0) 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 FY 2025 FY 2024 Change (€ m) (€ m) (%) Investment properties 1 591.9 724.7 (18.3) 11. Reduction primarily following valuation losses and reclassifications fro
Slide 12: Net-LTV practically stable, cost of debt moderately higher
03 Financial highlights Net-LTV practically stable, Cost of debt moderately higher Net-LTV1) (%) Average cost of debt2) (% p.a.) 4.83 4.35 40.9 41.8 FY 2024 FY 2025 FY 2024 FY 2025 ▪ Net-LTV only slightly higher despite material revaluation losses ▪ Average cost of debt increased mainly driven by th
Slide 13: Guidance FY 2025 achieved, lower numbers expected for FY 2026
03 Financial highlights Guidance FY 2025 for rental income and FFO achieved, lower numbers expected for FY 2026 given reduced portfolio Guidance FY 2025 Guidance Actual Guidance FY 2026 Guidance Rental income € 52.0 – 54.0m € 53.5m Rental income € 41.5 – 43.5m FFO I1) € 9.0 – 11.0m € 10.1m FFO I1) €
Slide 14: Q&A
Q&A 14
Slide 15: Thank you!
Thank you! 15
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