DGAP-News

Deutsche Industrie REIT-AG: Deutsche Industrie REIT-AG successfully closes 2019/2020 financial year and publishes sustainability report for the first time - Seite 2

Dividend payment

In March 2018 and March 2019, dividends of 0.09 € per share and 0.16 € per share were distributed to our shareholders. We also want our shareholders to participate in the success of the company for the past financial year and plan to propose the distribution of a dividend of 0.24 € per share at the next Annual General Meeting for the 2019/2020 financial year.

Real estate portfolio expands and again increases significantly in value

The property portfolio continued to grow in the 2019/2020 financial year due to acquisitions. On 1 October 2019, the portfolio comprised 49 properties with lettable commercial space of approximately 0.91 million m² and an annualised net cold rent of 33.1 € million. 20 acquired properties were subject to a change of use and encumbrance. As a result, the real estate portfolio recognised on 30 September 2020 comprises 69 properties with lettable commercial space of approx. 1.2 million m² and annualised net cold rents of 44.5 € million.

In addition, a further eight properties with an annual net rent of 5.3 € million and an investment volume of 52.5 € million were acquired, for which the change of use and encumbrance did not or will not take place until after 30 September 2020.

In the course of the annual property valuation, there was an increase in value of 37.0 € million. This is mainly due to further increases in market prices, especially in the logistics sector, as well as stable and rising market rents.

Pro forma, the company's current real estate portfolio consists of 77 properties with an annualised total rent of 49.8 € million and a portfolio value of 617.5 € million.

Successfully completed capital increases and financings

Two capital increases were carried out in the financial year. In November 2019, the company placed approximately 5.7 million shares at a price of 16.25 € per share in a first capital increase, raising gross proceeds of approximately 92.8 € million. In June 2020, DIR carried out a second capital increase and placed a total of 2.9 million new shares at a price