Deutsche Konsum REIT-AG

DKG

Equity

ISIN DE000A14KRD3 / Valor 30710547

Xetra (2024-12-23)

EUR 3.63%

Deutsche Konsum REIT-AG
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About company

Deutsche Konsum REIT-AG, originally founded as Stafford Grundbesitz GmbH in October 2008, is a German-based real estate investment trust (REIT) that specializes in the acquisition and management of retail properties. The company underwent a transformation to a public limited company in November 2014, adopting the name Deutsche Konsum Grundbesitz AG, before making its initial public offering in December 2015 on the Berlin stock market. In 2016, it achieved REIT status, which exempts it from income-based taxes, and subsequently rebranded to Deutsche Konsum REIT-AG. The firm's strategic focus is on developing an attractive portfolio of retail locations, primarily targeting regional areas and medium-sized cities throughout Germany. This strategy underscores the company's commitment to leveraging the potential of less metropolitan areas by investing in retail properties that serve the needs of local communities.

Summarized from source with an LLMView SourceSector: Finance

Income

For the first quarter of the fiscal year 2023/2024, Deutsche Konsum REIT-AG reported a period income of EUR 6.511 million, which represents a decrease of 21.1% compared to the same period in the previous year, where the income was EUR 8.252 million.

Revenue

Deutsche Konsum REIT-AG's rental income for Q1 2023/2024 amounted to EUR 19.913 million, showing an increase of 6.6% from the EUR 18.681 million reported in Q1 2022/2023.

EBIT

The company achieved an EBIT of EUR 10.893 million in the first quarter of 2023/2024, which is a slight increase of 1.1% compared to the EUR 10.775 million recorded in the same quarter of the previous year.

FFO

Funds from operations (FFO) for Deutsche Konsum REIT-AG in Q1 2023/2024 were EUR 8.020 million, down by 21.1% from the EUR 10.166 million reported in Q1 2022/2023.

Dividends

Deutsche Konsum REIT-AG did not declare any dividends for the reporting period of Q1 2023/2024, consistent with the same period in the previous year where no dividends were distributed.

Summarized from source with an LLMView Source

Key figures

19.4%1Y

-74.1%3Y

-76.7%5Y

Performance

55.3%1Y

47.7%3Y

41.5%5Y

Volatility