DKR | Jotup

EQS-News: Deutsche Konsum seeks to withdraw its secondary listing on the Johannesburg Stock Exchange

Retrieved on:

Wednesday, April 10, 2024

Frankfurt Stock Exchange, Motherboard, DKR, Security (finance)

Potsdam, 26 March, 2024 - Deutsche Konsum REIT-AG ("DKR") (ISIN DE000A14KRD3) is currently primary listed on the Frankfurt Stock Exchange (“FSE”) and secondary listed on the Main Board of the Johannesburg Stock Exchange (“JSE”).

Key Points:

Potsdam, 26 March, 2024 - Deutsche Konsum REIT-AG ("DKR") (ISIN DE000A14KRD3) is currently primary listed on the Frankfurt Stock Exchange (“FSE”) and secondary listed on the Main Board of the Johannesburg Stock Exchange (“JSE”).
The Company`s secondary listing on the JSE on 8 March 2021 was intended to attract interested South African investors.
Since the Company’s secondary listing on the JSE, the Company engaged in various initiatives and numerous investor discussions, however, these engagements have not yielded the desired results from a South African market perspective.
In this regard, the Company will commence engaging with its South African shareholders and the JSE in due course.

EQS-News: Deutsche Konsum REIT-AG sells 14 retail properties / Proceeds from the sale will be used in full to repay financial liabilities

Retrieved on:

Wednesday, April 10, 2024

LTV, EUR, Sale, Acquisition, DKR

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.

Key Points:

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 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.
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.

EQS-News: Deutsche Konsum REIT-AG with solid first quarter in the 2023/2024 financial year

Retrieved on:

Wednesday, February 14, 2024

Acquisition, FFO, Magazine, EPRA, Sale, LTV, DKR, Webcast

This was mainly due to index-based rent increases and the most recent acquisitions, which only generated rental income in the same quarter of the previous year partially.

Key Points:

This was mainly due to index-based rent increases and the most recent acquisitions, which only generated rental income in the same quarter of the previous year partially.
Net rental income declined slightly, mainly due to lower income from operating cost allocations compared to the previous year.
Deutsche Konsum REIT-AG will hold an analyst conference (webcast and conference call) on the results of the first quarter of the 2023/2024 financial year today, 14 February 2024, 10:00 a.m. CET/11:00 SAST.
The Quarterly Statement for the first quarter of the 2023/2024 financial year is available for download under https://www.deutsche-konsum.de/en/investor-relations/financial-reports .

Dimond Kaplan & Rothstein, P.A. Shareholder Scott M. Dimond Elected Chair of Eleventh Circuit Judicial Nominating Commission

Retrieved on:

Friday, January 19, 2024

County court, Columbia Law School, University, The Florida Bar, DKR, JNC, Lead, Circuit court, Telecommunications, Phi Beta Kappa, Publication, Criminal law, Practice of law

MIAMI, Jan. 19, 2024 (GLOBE NEWSWIRE) -- Scott M. Dimond, a founding shareholder of Dimond Kaplan & Rothstein, P.A., has been elected Chair of the Eleventh Circuit Judicial Nominating Commission.

Key Points:

MIAMI, Jan. 19, 2024 (GLOBE NEWSWIRE) -- Scott M. Dimond, a founding shareholder of Dimond Kaplan & Rothstein, P.A., has been elected Chair of the Eleventh Circuit Judicial Nominating Commission.
Judicial Nominating Commissions (JNCs) select nominees to fill judicial vacancies within the Florida court system.
Mr. Dimond was nominated by The Florida Bar and confirmed by Governor Rick Scott (2018) and reappointed by Governor Ron DeSantis (2022).
The nine-member Eleventh Circuit JNC selects judicial nominees for Circuit Court and County Court in Miami-Dade County and is among the most active in the state of Florida.

EQS-News: Deutsche Konsum REIT-AG closes financial year 2022/2023

Retrieved on:

Saturday, December 30, 2023

Policy, Running, Sale, DKR, Acquisition, REIT, LTV, Bank statement, Annual, EPRA, Webcast, FFO, ECB, Environment, Lithium

By contrast, the result from property management was burdened by higher running costs and expenses relating to other periods and therefore rose only marginally.

Key Points:

By contrast, the result from property management was burdened by higher running costs and expenses relating to other periods and therefore rose only marginally.
FFO is therefore below the guidance (EUR 36 million to EUR 39 million).
As previously announced, no dividend proposal can be made due to the negative annual result for the past financial year 2022/2023.
Deutsche Konsum REIT-AG will hold an analysts' conference (webcast and conference call) on the annual results of the 2022/2023 financial year today, 19 December 2023, 10:00 a.m. CET/11:00 SAST.

EQS-News: Deutsche Konsum REIT-AG publishes preliminary figures for the past financial year 2022/2023

Retrieved on:

Saturday, December 30, 2023

Policy, Annual report, Sale, DKR, Acquisition, REIT, Collateralization, LTV, Bank statement, EPRA, GAAP, FFO, ECB, Environment

This decrease was mainly due to higher net interest expenses, which were around EUR 3.1 million higher than in the previous year.

Key Points:

This decrease was mainly due to higher net interest expenses, which were around EUR 3.1 million higher than in the previous year.
Due to the negative annual result according to IFRS as well as under German GAAP, no dividend can be proposed for the past financial year 2022/2023.
Due to the negative annual result, the net LTV increased to around 60.3% at the end of the financial year.
Deutsche Konsum REIT-AG will publish the final and audited results for the 2022/2023 financial year on 19 December 2023 in its annual report, which it will present during the webcast/teleconference.

EQS-News: Deutsche Konsum REIT-AG with robust business development in the first nine months of the 2022/2023 financial year

Retrieved on:

Monday, August 14, 2023

The annualised rent of the real estate portfolio thus rose to EUR 78.9 million.

Key Points:

The annualised rent of the real estate portfolio thus rose to EUR 78.9 million.
Rental income rose from EUR 36.5 million to EUR 38.2 million (adjusted for one-off effects).
Funds from operations ("FFO"), on the other hand, fell by around 15% or EUR 4.6 million to EUR 27.0 million (EUR 0.77 per share).
The quarterly statement on the first nine months of the 2022/2023 financial year is available for download at https://www.deutsche-konsum.de/en/investor-relations/financial-reports .

EQS-News: Rolf Elgeti elected Chairman of the Supervisory Board in constituent meeting

Retrieved on:

Monday, July 24, 2023

Lifting, DKR, Deutsch, ISIN, JSE Limited, Supervisory board, JSE, Acquisition, Audit committee, Security (finance)

Potsdam, 24 July 2023 – DKR's new Supervisory Board was reconstituted in a meeting last Friday.

Key Points:

Potsdam, 24 July 2023 – DKR's new Supervisory Board was reconstituted in a meeting last Friday.
Mr Rolf Elgeti was elected as the Chairman of the Supervisory Board.
Mr Achim Betz was elected as Deputy Chairman of the Supervisory Board.
In addition, a new Audit Committee was appointed: It is composed of Mr Achim Betz (Chairman), Mrs Antje Lubitz (Deputy Chairman) and Mr Rolf Elgeti.

EQS-News: DKR examines further options for action after the decision of the fiscal court

Retrieved on:

Monday, July 17, 2023

REIT, Federal Fiscal Court, DKR, ISIN, EUR

Potsdam, 17 July 2023 - Deutsche Konsum REIT-AG (ISIN DE000A14KRD3) was informed today by the Berlin-Brandenburg Fiscal Court that DKR's action for a suspension of execution in the REIT litigation has been dismissed.

Key Points:

Potsdam, 17 July 2023 - Deutsche Konsum REIT-AG (ISIN DE000A14KRD3) was informed today by the Berlin-Brandenburg Fiscal Court that DKR's action for a suspension of execution in the REIT litigation has been dismissed.
No appeal was allowed by the Fiscal Court.
Accordingly, DKR must pay income taxes for the years 2016 to 2020 (EUR 9.8 million) and make advance tax payments for the years 2022 and 2023 (EUR 6.2 million).
DKR had already formed corresponding provisions for this as a precaution.

EQS-News: Deutsche Konsum REIT-AG prepares for strong growth and repositions itself

Retrieved on:

Thursday, June 1, 2023

The Company considers the current situation on the real estate market to be exciting and full of opportunities and derives positive growth prospects for itself from this.

Key Points:

The Company considers the current situation on the real estate market to be exciting and full of opportunities and derives positive growth prospects for itself from this.
The Company expects this trend to intensify further, especially towards the end of 2023, and derives strong growth opportunities through a significant purchase volume from this.
After careful consideration, the Management Board has come to the conclusion that in the current situation it is necessary to maintain the highest possible level of liquidity.
The Company will shortly convene the 2023 Annual General Meeting, which will take place in Berlin on 13 July 2023.