Deutsche Real Estate AG

DRE2

Equity

ISIN DE0008055021 / Valor 889843

Deutsche Boerse AG (2024-12-23)

EUR 6.60-2.22%

Deutsche Real Estate AG
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About company

Deutsche Real Estate AG is a real estate company that focuses on acquiring, managing, and developing commercial and residential properties in Germany.

Summarized from source with an LLMView SourceSector: Finance

Revenue Growth

Deutsche Real Estate AG reported revenues from investment properties amounting to €25.6 million for the fiscal year 2023. This represents an increase from the €22.4 million reported in 2022, indicating a positive trend in their revenue generation from property investments.

EBITDA Performance

The company's adjusted EBITDA for 2023 stood at €14.1 million. This figure is slightly higher than the €13.3 million reported in 2022, showcasing a stable operational performance despite challenging market conditions.

Net Loss

Deutsche Real Estate AG experienced a significant net loss in 2023, with the consolidated net result after taxes (EAT) being €-43.3 million. This is a considerable increase in losses compared to the €-14.8 million reported in the previous year, largely due to fair value adjustments on investment properties.

Fair Value Adjustments

The fair value adjustments on investment properties had a substantial negative impact on Deutsche Real Estate AG's financial results for 2023. These adjustments resulted in a negative effect of €-65.4 million, compared to €-30.5 million in 2022, contributing significantly to the overall net loss.

Equity and Debt

As of the end of 2023, Deutsche Real Estate AG's total equity was reported at €395.7 million, down from €440.4 million in 2022. The company's financial debt also increased to €42.0 million, reflecting a higher debt-to-equity ratio compared to the previous year.

Summarized from source with an LLMView Source

Key figures

-23.7%1Y

%3Y

%5Y

Performance

40.6%1Y

52.8%3Y

52.8%5Y

Volatility