DEMIRE Deutsche Mittelstand Real Estate AG: New 2020 guidance above previous year's results

DEMIRE Deutsche Mittelstand Real Estate AG: New 2020 guidance above previous year's results

Langen, 18 August 2020 - The Management Board of DEMIRE Deutsche Mittelstand Real Estate AG (ISIN: DE000A0XFSF0) has published a new guidance for the 2020 financial year, which exceeds the 2019 results.

DEMIRE plans rental income of between EUR 85 and 87 million (2019: EUR 81.8 million) for the 2020 financial year, and FFO I* (after taxes, before minorities) is expected to be between EUR 36 and 38 million (2019: EUR 34.5 million).

This guidance is based on the assumption that there will be no further lockdown in Germany and does not take into consideration possible acquisitions and/or disposals of DEMIRE in the second half of 2020.

The report on the first half of 2020 will be published as planned on 19 August 2020 and will be available on the company's website.

DEMIRE Deutsche Mittelstand Real Estate AG
The Management Board
 

* Funds from operations (FFO I, after tax, before minorities) as defined in the 2019 annual report: https://www.demire.ag/files/demi-gb2019-12uk-b1_2.pdf
 

Contact:

Michael Tegeder
Head of Investor Relations & Corporate Finance
DEMIRE Deutsche Mittelstand Real Estate AG
Telephone: +49 (0) 6103 372 49 44
Email: tegeder@demire.ag