Deutsche Industrie REIT-AG: Deutsche Industrie REIT-AG successfully completes first quarter 2017/2018

Deutsche Industrie REIT-AG successfully completes first quarter 2017/2018

• Rental income of EUR 1.8 million
• FFO amounts to EUR 1.1 million
• Investment properties of EUR 85 million
• Net-LTV of 54.5%
• FFO-Forecast of EUR 4 to 5 million in FY 2017/2018
• Forecast for FFO run rate at EUR 9 to 10 million by the end
  of the FY 2017/2018
   

Rostock, 22 February 2018 - Deutsche Industrie REIT-AG (ISIN DE000A2G9LL1) has successfully completed its first quarter as a listed company.

Real estate portfolio grown to EUR 85 million

In the first quarter of the 2017/2018 financial year (1 October 2017 - 31 December 2017), the portfolio grew significantly due to acquisitions. Three purchased properties have been transferred. The total investment into these assets was EUR 44.9 million, the annualised rent amounts to EUR 4.5 million.

In addition, three other properties have already been acquired. It concerns a logistics object in Drei Gleichen (Thuringia) as well as two industrial parks in Wuppertal and Remscheid (North Rhine-Westphalia). The overall purchase price was approx. EUR 17.3 million with an annualised rent of around EUR 2.1 million

Regarding the latest transactions Deutsche Industrie REIT-AG owns a portfolio of 12 properties with a total rental space of approx. 379,000 sqm., an annualised rent of approx. EUR 11.2 million and a portfolio value of ca. EUR 101.6 million.

Deutsche Industrie continues to examine specific acquisition opportunities and expects further acquisitions in the current financial year.

Listing and REIT-Status

The initial listing in the Regulated Market of the Berlin Stock Exchange and in the Open Market of the Frankfurt Stock Exchange took place on 7 December 2017. The company has obtained the REIT status with the entry in the commercial register on 23 January 2018.

Positive Net income

With a rental income of EUR 1.8 million a FFO (Funds From Operations) of EUR 1.1 million was achieved. The EPRA NAV was at EUR 2.41 as of 31 December 2017, while Net LTV
amounted to 54.5%.

FFO-Forecast for the FY 2017/2018

Based on the positive results of the first quarter of 2017/2018 and the further acquisition pipeline, the Management Board expects a FFO between EUR 4 million and EUR 5 million for the financial year 2017/2018. The run rate of the FFO (annualised FFO without periodic matching effects) should be between EUR 9 million and EUR 10 million by the end of the financial year 2017/2018.

Publications for the first quarter of 2017/2018

The quarterly statement for the first quarter of 2017/2018 financial year (in German), the earnings presentation as well as further information about the Company can be found under

http://www.deutsche-industrie-reit.de
 

About Deutsche Industrie REIT-AG

Deutsche Industrie REIT-AG sustainably invests in German light industrial real estate. Light industrial includes storage, distribution of goods as well as management and production. This asset class consists mostly of medium to large industrial and commercials estates. These properties are usually more complex than pure logistics real estate and have a high local relevance.

The share is listed on the Regulated Market of the Berlin Stock Exchange and on the Open Market of the Frankfurt Stock Exchange. In the beginning of 2018 the Company obtained the REIT status ("real estate investment trust ") and will be therefore exempted from the income-based tax.