DEUTSCHE INDUSTRIE REIT-AG Content | ||
Deutsche Industrie REIT-AG........................................................................................................................ | ||
4. | Development of financial position, liquidity, and financial performance .............................................. | 16 |
5. | Outlook and forecast .................................................................................................................................. | 22 |
6. | Risk situation .............................................................................................................................................. | 22 |
7. | Events after the balance sheet date .......................................................................................................... | 23 |
8. | Interim financial statement for the period 01/10/2020 to 30/06/2021 Financial year 2020/2021 ........... | 24 |
Financial calendar 2021 ...................................................................................................................................... | 29 | |
Publisher .............................................................................................................................................................. | 29 | |
Contact ................................................................................................................................................................. | 29 | |
Disclaimer ............................................................................................................................................................ | 29 |
Cover picture | Wesel, Schepersweg
Deutsche Industrie REIT-AG | Quarterly Statement Q3/9M - 2020/2021 | 2 |
Quarterly statement for the period 1 October 2020 to 30 June 2021
The following quarterly statement of Deutsche Industrie REIT-AG (hereinafter also referred to as "Deutsche Industrie", "DIR" or "Company") describes the significant course of business as well as the Financial posi- tion, Liquidity and Financial Performance of the first nine months of the financial year 2020/2021 ("Q3/9M 2020/2021"). The interim financial statements have been prepared in accordance with IFRS as adopted by the EU and have not been audited.
1. 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 commercial estates. These properties are usually more complex than pure logistics real estate and have a high local relevance.
The company was founded as Jägersteig Beteiligungs GmbH in November 2014. In October 2017, the name was changed to Deutsche Industrie Grundbesitz AG. At the beginning of 2018, the status of a REIT ("Real Estate Investment Trust") with the associated income tax exemption was obtained. Since then the company has been renamed Deutsche Industrie REIT-AG.
Since 7 December 2017, the share has been listed on the regulated market of Berlin Stock Exchange and since 19 December 2018 in the segment of the regulated market with additional post-admission obligations (Prime Standard) on the Frankfurt Stock Exchange.
The share of the Deutsche Industrie REIT-AG:
ISIN / WKN | DE000A2G9LL1 / A2G9LL |
Ticker Symbol | JB7 |
No. of Shares | 32,079,505 |
Nominal capital | EUR 32,079,505.00 |
Stock exchanges | Börse Berlin (Regulated Market), Frankfurt, XETRA (Prime Standard) |
Deutsche Industrie REIT-AG | Quarterly Statement Q3/9M - 2020/2021 | 3 |
2. | Highlights | |||||||
Change | % | 01/10/2020- | 01/10/2019- | |||||
30/06/2021 | 30/06/2020 | |||||||
Income statement (TEUR) | ||||||||
Gross Rental income | 7,622 | 25.7% | 37,303 | 29,681 | ||||
Net rental income | 4,999 | 21.0% | 28,758 | 23,759 | ||||
Result from the revaluation of investment properties | 51,582 | >100 | 87,012 | 35,430 | ||||
EBIT | 57,793 | >100 | 112,759 | 54,966 | ||||
Finance result | 9,058 | -81.3% | -2,088 | -11,146 | ||||
Net income | 66,850 | >100 | 110,670 | 43,820 | ||||
FFO | 6,117 | 33.4% | 24,411 | 18,294 | ||||
FFO per share (€) | 0.12 | 18.0% | 0.76 | 0.64 | ||||
Recurring costs ratio | -0.1% | -2.0% | 6.6% | 6.8% | ||||
Change | % | 30/06/2021 | 30/09/2020 | |||||
Balance sheet (TEUR) | ||||||||
Investment properties | 189,433 | 32.3% | 775,253 | 585,820 | ||||
Total assets | 199,186 | 27.8% | 915,034 | 715,849 | ||||
Equity | 102,692 | 27.2% | 479,892 | 377,200 | ||||
Total debt | 99,189 | 32.0% | 408,827 | 309,638 | ||||
(net) Loan-to-Value (LTV) | 4.3% | 11.7% | 41.4% | 37.1% | ||||
Ø Cost of debt | -0.2% | -6.5% | 2.43% | 2.60% | ||||
Ø Loan Duration (years) | 0.2 | 3.0% | 6.9 | 6.7 | ||||
EPRA NAV | 102,971 | 27.3% | 479,680 | 376,709 | ||||
EPRA NAV per share undiluted (€) | 3.21 | 27.3% | 14.95 | 11.74 | ||||
REIT metrics | ||||||||
REIT equity ratio | -2.5% | -3.9% | 61.9% | 64.4% | ||||
Share information | ||||||||
Shares issued | 0 | 0.0% | 32,079,505 | 32,079,505 | ||||
Average number of shares 01/10 - 30/06 | 2,781,871 | 9.5% | 32,079,505 | 29,297,634 | ||||
Market cap in € million | 16.0 | 3.0% | 555.0 | 538.9 | ||||
Share price XETRA (€) | 0.50 | 3.0% | 17.30 | 16.80 | ||||
Real estate portfolio | 30/06/2021 | 30/09/2020 | ||||||
Properties | 22 | 35.5% | 84 | 64 | ||||
Commercial rental space in m² | 375,509 | 33.7% | 1,491,111 | 1,170,341 | ||||
Annualised In place rent in € million | 14.7 | 36.6% | 55.1 | 44.3 | ||||
Occupancy commercial | -2.6% | -2.8% | 87.0% | 86.8% | ||||
WALT in years | 0.3 | 6.6% | 5.0 | 5.0 | ||||
IPR commercial in €/m² | 0.17 | 5.1% | 3.47 | 3.56 | ||||
Market value in € million | 282.8 | 59.9% | 754.8 | 565.0 | ||||
Rental yield | 0.0 | -14.6% | 7.3% | 7.9% | ||||
Deutsche Industrie REIT-AG | Quarterly Statement Q3/9M - 2020/2021 | 4 | |||||||
3. Business performance
3.1 Shares
At the beginning of the 2020/2021 financial year, the share price (Xetra opening price on 01/10/2020) was
18.00 EUR. The lowest value of the past third quarter was reached on 18/05/2021 at 15.55 EUR, the highest price on 09/06/2021 at 18.30 EUR. Since the beginning of the financial year, the share price has fluctuated in a range between 14.90 EUR for a short time and 18.30 EUR. On the balance sheet date, 30 June 2021, the share reached its high of 17.40 EUR and closed at 17.15 EUR.
The volume-weighted average price for the past nine months was 16.29 EUR (financial year 2019/2020:
18.34 EUR), and the average daily trading volume was approximately 117,300 EUR and fell slightly (finan- cial year 2019/2020: 119,400 EUR).
The free float (as defined by Deutsche Börse AG) was approx. 42.5% at the reporting date of 30 June 2021. The shareholder structure is characterised by institutional national and international investors with a predominantly long-term investment strategy.
Investor Relations
In order to conduct a transparent and continuous dialogue with existing and potential investors, the DIR has further expanded its investor relations activities. It took part in several virtual investor conferences and was represented at virtual roadshows, where it was in direct contact with shareholders and investors.
Deutsche Industrie REIT-AG | Quarterly Statement Q3/9M - 2020/2021 | 5 |
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Deutsche Industrie REIT AG published this content on 12 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 August 2021 05:10:09 UTC.
