DGAP-News: Deutsche Industrie REIT-AG successfully ends first half of 2018/2019 and confirms FFO forecast.

Deutsche Industrie REIT-AG successfully ends first half of 2018/2019 and confirms FFO forecast.

- Rental income of EUR 10.5 million.
- FFO of EUR 5.2 million.
- Investment properties of EUR 284 million.
- EPRA-NAV at EUR 5.46 per share
- Net-LTV at 58.3%
- FFO forecast of EUR 12 to 14 million for financial year 2018/2019

Rostock, May 15, 2019 - Deutsche Industrie REIT-AG (ISIN DE000A2G9LL1) has successfully completed its first half of 2018/2019.

Real estate portfolio grows to EUR 284 million

Portfolio growth continued in the first half of the 2018/2019 financial year (01/10/2018 - 31/03/2019). As of 31 March 2019, a total of 38 properties with a total value of EUR 284 million in the balance sheet. In addition, further 11 properties were acquired for which the transfer of ownership took place or will take place after 31 March 2019.

Considering all properties already notarised, the proforma portfolio of Deutsche Industrie proforma consists of 49 properties with a rentable commercial space of around 900,000 sqm, an annualised total rent of around EUR 32.5 million and a portfolio value of around EUR 338 million.
The company is in certain transaction processes and expects further acquisitions in the current financial year.

Successful financings

In addition to the capital increase carried out in December 2018 with gross proceeds of approximately EUR 49.5 million, new loans of EUR 11.2 million were taken out with various savings banks and the secured bond was increased by EUR 28.1 million.

Furthermore, a loan of EUR 42.0 million was raised at the beginning of April 2019 (after the balance sheet date of March 31, 2019), thus successfully continuing the development of refinancing structures.

Positive period result

With rental income of EUR 10.5 million, an FFO (Funds From Operations) of EUR 5.2 million was achieved.
EPRA NAV (Net Asset Value) amounted to EUR 122.9 million as of 31 March 2019, corresponding to EUR 5.46 per share. The net LTV (loan-to-value), was 58.3% on 31 March 2019.

FFO forecast for the financial year 2018/2019

Business development is proceeding positive as expected, which is why we confirm the forecast we made in the first quarter with an FFO of between EUR 12 million and EUR 14 million for the 2018/2019 financial year.
The FFO - Run Rate (annualised FFO without accrual effects) is forecasted at EUR 17 to EUR 19 million at the end of the financial year 2018/2019.

Publications for the first half of 2018/2019

The half-year financial report for the 2018/2019 financial year, the presentation of results and further information on the company can be found at:

https://www.deutsche-industrie-reit.de/en/

About the Deutsche Industrie REIT-AG:

Deutsche Industrie REIT-AG invests sustainably in Light-Industrial real estate in Germany. In addition to the activities of warehousing and distribution of goods, Light Industrial also covers their administration and production. The asset class consists mainly of medium to large industrial and commercial park areas. The areas are usually more complex than pure logistics real estate and have a high local relevance. The share is listed on the regulated market of Berlin Stock Exchange and in the Prime Standard of the Frankfurt Stock Exchange. Since the beginning of 2018, the company has been granted the status of a real estate investment trust (REIT) and the related income tax exemption.