DGAP-News

DIC Asset AG Maintains its Growth Trajectory with Strong Letting Result and Increase in FFO - Seite 3

Taking an active asset management approach, DIC Asset AG employs its proprietary, integrated real estate management platform to raise capital appreciation potential company-wide and to boost its revenues.

In its Commercial Portfolio division (EUR 2.1 billion in assets under management), DIC Asset AG acts as proprietor and property asset holder, and thus generates revenues both from the management of the assets and through the value optimisation of its own real estate portfolio.

In its Institutional Business division (EUR 6.6 billion in assets under management), which operates under the name GEG German Estate Group, DIC Asset AG generates income by structuring and managing investment vehicles with attractive dividend yields for national and international institutional investors.

DIC Asset AG has been SDAX-listed since June 2006.

IR Contact DIC Asset AG:
Peer Schlinkmann
Head of Investor Relations & Corporate Communications
Neue Mainzer Strasse 20
D-60311 Frankfurt am Main
Phone [phone]
[e-mail]

DIC Asset AG at a Glance

Key financial figures in EUR million	9M 2020	9M 2019
Gross rental income	76.3	75.6
Net rental income	61.7	65.5
Real estate management fees	60.6	38.9
Proceeds from sales of property	9.5	47.5
Total income	163.2	178.8
Profits on property disposals	2.5	4.4
Share of the profit or loss of associates	8.0	17.7
Funds from operations (FFO)	72.7	68.5
EBITDA	96.2	96.1
EBIT	67.7	71.2
Profit for the period	38.4	40.0
Cash flow from operating activities	45.8	50.4
Key financial figures per share in EUR*	9M 2020	9M 2019
FFO	0.92	0.96
Earnings	0.48	0.56
EPRA earnings	0.82	0.88

 

Balance sheet figures in EUR million	30/09/2020	31/12/2019
Loan-to-value (LtV) in %**	48.2	47.8
Adjusted LtV in %**	42.7	41.8
Investment property	1,726.5	1,623.0
Equity	1,069.6	968.8
Financial liabilities	1,567.3	1,547.2
Total assets	2,765.0	2,657.4
Cash and cash equivalents	317.6	351.2
EPRA-NAV per share (in EUR)***	17.06	17.23
Adjusted NAV per share (in EUR)***	21.56	22.26

 

*All per-share figures adjusted in accordance with IFRS. (Number of shares 9M 2020: 79,030k; 9M 2019: 71,545k)