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EQS-News: Deutsche Konsum REIT-AG / Key word(s): Disposal
Deutsche Konsum REIT-AG sells 14 retail properties / Proceeds from the sale will be used in full to repay financial
liabilities
2024-03-28 / 15:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
Deutsche Konsum REIT-AG sells 14 retail properties / Proceeds from the sale will be used in full to repay financial
liabilities
Potsdam, 28 March 2024 - The Management Board of Deutsche Konsum REIT-AG (ISIN DE000A14KRD3) today notarised the sale
of a sub-portfolio of 14 properties. The sub-portfolio comprises a total rental area of around 72,000 sqm at the
locations Ludwigslust, Guben (Karl-Marx-Straße), Stendal (Nordwall), Hohenmölsen, Aschersleben, Tangerhütte,
Eisenhüttenstadt (Karl-Marx-Straße), Seebach, Elsterwerda, Eggesin, Lübz, Lübtheen, Staßfurt (Neundorfer Straße) and
Osterfeld.
The sub-portfolio is made up of various property types - from free-standing food discounters to regionally dominant
retail parks, the retail properties form a cross-section of DKR's portfolio. The properties currently generate an
annual rent of EUR 5.5 million with a remaining lease term of 5.0 years and a vacancy rate of around 6%. The selling
price is around 4% below the IFRS carrying amount at which the Company recognised the properties after the last
portfolio valuation on 30 September 2023. The parties have agreed not to disclose the purchase price. The transfer of
benefits and encumbrances for all properties is expected to take place by June 2024. The buyer is an institutional
German real estate investor in the retail segment.
DKR acquired the properties for sale mainly in individual transactions between 2015 and 2022 at an average initial
yield of 10% and with an average remaining lease term of 5.7 years. The vacancy rate at the time of acquisition was
around 6%. During the holding period, the properties generated rental income totalling more than EUR 36 million. On
average, DKR has succeeded in increasing the annual rent of the properties for sale by around 10% over the holding
period since the properties were acquired.
The proceeds from the sale are to be used in full to repay bank liabilities and to partially repay maturing bonds. This
will significantly reduce the LTV ratio by several percentage points.
The Company is currently working on further selected sales, which will be carried out to streamline the existing real
estate portfolio. The resulting liquidity will also be used to optimise the debt structure.

About Deutsche Konsum
Deutsche Konsum REIT-AG, Broderstorf, is a listed real estate company with a focus on German retail properties for
everyday goods at established micro-locations. The focus of the Company's activities is on the acquisition, management
and development of local supply properties with the aim of continuous performance and the leveraging of hidden
reserves.
The shares of the Company are listed on the Prime Standard of the Deutsche Börse (ISIN: DE000A14KRD3) and on the JSE
(JSE Limited) (South Africa) by way of a secondary listing.
Contact:
Deutsche Konsum REIT-AG
Mareike Kuliberda
Investor Relations
mk@deutsche-konsum.de
+49 (0) 331 74 00 76 - 533

2024-03-28 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

Archive at www.eqs-news.com  
Language:     English 
Company:      Deutsche Konsum REIT-AG 

Marlene-Dietrich-Allee 12b
14482 Potsdam
Germany

Phone:        +49 (0)331 740076517 
Fax:          +49 (0)331 740076599 
E-mail:       ch@deutsche-konsum.de 
Internet:     www.deutsche-konsum.de 
ISIN:         DE000A14KRD3 
WKN:          A14KRD 
Listed:       Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, 

Munich, Stuttgart, Tradegate Exchange; JSE Securities Exchange
EQS News ID: 1869991

End of News EQS News Service
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1869991 2024-03-28 CET/CEST

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END) Dow Jones Newswires

March 28, 2024 10:00 ET (14:00 GMT)