sur Deutsche Konsum REIT-AG (isin : DE000A14KRD3)
Deutsche Konsum REIT-AG Reports 2023/2024 Annual Results
Deutsche Konsum REIT-AG announced its 2023/2024 financial results, indicating stable performance despite a challenging market. Rental income recorded was EUR 77.4 million, reflecting a 2.9% year-on-year decrease, attributed to strategic asset sales. Net rental income remained stable at EUR 48 million, showing a minimal decline.
The company's Funds from Operations (FFO) dropped to EUR 28 million, impacted primarily by increased debt costs. Deutsche Konsum REIT-AG successfully reduced its debt by EUR 88.6 million through asset disposals and refinanced EUR 145.9 million in bonds. The Loan to Value ratio improved to 57.2% from the previous year's 61.6%.
The appointment of a new CFO in June 2024 marks a strategic step to enhance leadership. The company focuses on further consolidating its financial position, aiming for resilience and sustainable growth. Looking forward, Deutsche Konsum REIT-AG is set to pursue its long-term strategy through disciplined asset management and debt reduction.
R. E.
Copyright © 2024 FinanzWire, tous droits de reproduction et de représentation réservés.
Clause de non responsabilité : bien que puisées aux meilleures sources, les informations et analyses diffusées par FinanzWire sont fournies à titre indicatif et ne constituent en aucune manière une incitation à prendre position sur les marchés financiers.
Cliquez ici pour consulter le communiqué de presse ayant servi de base à la rédaction de cette brève
Voir toutes les actualités de Deutsche Konsum REIT-AG