Put companies on watchlist
DEMIRE Deutsche Mittelstand Real Estate AG
ISIN: DE000A0XFSF0
WKN: A0XFSF
About
Company Snapshot
New: Enable Investor Alerts
Be informed about new publications
New: AI Factsheet

Corporate News meets AI! 
Content analysis and summary

EN GIF 300X250

DEMIRE Deutsche Mittelstand Real Estate AG · ISIN: DE000A0XFSF0 · EQS - adhoc news (115 News)
Country: Germany · Primary market: Germany · EQS NID: 1780769
23 November 2023 04:58PM

DEMIRE adjusts guidance due to lower than expected property sales


EQS-Ad-hoc: DEMIRE Deutsche Mittelstand Real Estate AG / Key word(s): Change in Forecast
DEMIRE adjusts guidance due to lower than expected property sales

23-Nov-2023 / 16:58 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Ad-hoc notification

Disclosure of inside information pursuant to Article 17 of Regulation (EU) No 596/2014 (MMVO)

DEMIRE adjusts guidance due to lower than expected property sales

Langen, 23 November 2023. DEMIRE Deutsche Mittelstand Real Estate AG (ISIN: DE000A0XFSF0) ("DEMIRE" or the "Company") expects a lower number of property sales for the 2023 financial year than planned at the beginning of the year. This will result in a larger portfolio base and, as a result, higher rental income and, consequently, higher funds from operations (FFO I after taxes, before minorities) than guided.

Against this backdrop, the Company's Executive Board decided today to adjust the guidance for the 2023 financial year. The Management Board now expects rental income of EUR 78.0 million to EUR 80.0 million for 2023 (previously EUR 74.5 million to EUR 76.5 million) and funds from operations I (FFO I after taxes, before minority interests) of EUR 35.0 million to EUR 37.0 million (previously EUR 33.0 million to EUR 35.0 million).

The Company is continuing to work on the realisation of ongoing property sales.


Contact:
Julius Stinauer
Head of Investor Relations & Corporate Finance
DEMIRE Deutsche Mittelstand Real Estate AG
Phone: +49 6103 372 4944
Email: stinauer@demire.ag


End of Inside Information

23-Nov-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: DEMIRE Deutsche Mittelstand Real Estate AG
Robert-Bosch-Straße 11
63225 Langen (Hessen)
Germany
Phone: +49 6103 37249-0
Fax: +49 6103 37249-11
E-mail: ir@demire.ag
Internet: www.demire.ag
ISIN: DE000A0XFSF0
WKN: A0XFSF
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange
EQS News ID: 1780769

 
End of Announcement EQS News Service

1780769  23-Nov-2023 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1780769&application_name=news&site_id=boersengefluester_html
Visual performance / price development - DEMIRE Deutsche Mittelstand Real Estate AG
Smart analysis and research tools can be found here.

This publication was provided by our content partner EQS3.

EQS Newswire
via EQS - Newsfeed
EQS Group AG ©2024
(DGAP)
Contact:
Karlstraße 47 D-80333 München
+49 (0) 89 444 430-000

 

SMART * AD
EN GIF 970X250

P R O D U C T   S U G G E S T I O N S

The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.


The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.

If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.

For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.


1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.