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Deutsche Konsum REIT-AG
ISIN: DE000A14KRD3
WKN: A14KRD
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Deutsche Konsum REIT-AG · ISIN: DE000A14KRD3 · Newswire (Company)
Country: Deutschland · Primary market: Germany · EQS NID: 2051061
13 December 2024 11:00AM

Deutsche Konsum REIT-AG receives further repayment of EUR 7.4 million on its loan to Obotritia Capital KGaA


EQS-News: Deutsche Konsum REIT-AG / Key word(s): Miscellaneous
Deutsche Konsum REIT-AG receives further repayment of EUR 7.4 million on its loan to Obotritia Capital KGaA

13.12.2024 / 11:00 CET/CEST
The issuer is solely responsible for the content of this announcement.


Press release

Deutsche Konsum REIT-AG receives further repayment of EUR 7.4 million on its loan to Obotritia Capital KGaA


Potsdam, 13 December 2024 – Deutsche Konsum REIT-AG ("DKR") (ISIN DE000A14KRD3) has received a repayment of around EUR 7.4 million on its loan to Obotritia Capital KGaA ("Obotritia Capital"). This reduces the outstanding loan amount due as per contract on 31 December 2025 to EUR 15.9 million.

Since DKR had made a provision against the loan receivable from Obotritia Capital as of 30 September 2023, the current repayment and the repayment of EUR 30.6 million in October 2024 result in extraordinary income due to the reversal of the provision. For the completed financial year 2023/2024, this effect will be recognized as income of approximately EUR 28.2 million in the financial statements. The funds received from the repayment will be used to reduce debt and further strengthen the balance sheet.

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
Mrs. Mareike Kuliberda
Investor Relations
Marlene-Dietrich-Allee 12b
14482 Potsdam
Tel: 0331 / 74 00 76 - 533
Fax: 0331 / 74 00 76 - 599
E-Mail: mk@deutsche-konsum.de


13.12.2024 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 740076512
Fax: +49 (0)331 740076599
E-mail: ak@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: 2051061

 
End of News EQS News Service

2051061  13.12.2024 CET/CEST

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