DGAP-News

DIC off to dynamic start into 2021 - Seite 4

The Commercial Portfolio segment (EUR 2.0 billion in assets under management) represents the proprietary real estate portfolio of DIC Asset AG. Here, we generate constant cash flows from stable rent revenues on long-term leases while also optimising the value of our portfolio assets through active management and realising gains from sales.

In the Institutional Business segment (EUR 8.6 billion in assets under management), we earn recurrent fees from real estate services we provide to national and international institutional investors by structuring and managing investment vehicles that return attractive dividend yields.

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

Financial ratios, in EUR million	Q1 2021	Q1 2020
Gross rental income	23.4	26.0
Net rental income	19.6	22.6
Real estate management fees	24.0	20.4
Proceeds from sales of property	106.5	9.5
Total income	160.6	61.5
Profits on property disposals	12.0	2.5
Share of the profit or loss of associates	2.5	2.7
Funds from operations (FFO)	26.5	26.4
Funds from operations incl. profits from sales (FFO II)	38.5	28.9
EBITDA	45.3	36.0
EBIT	34.6	26.8
Consolidated earnings	22.2	16.1
Cash flow from operating activities	16.5	15.4
Key financial figures per share, in EUR*	Q1 2021	Q1 2020
FFO	0.33	0.34
FFO II (incl. profits from sales)	0.48	0.37
Consolidated earnings	0.27	0.21
EPRA earnings	0.28	0.30

 

Balance sheet figures in EUR million	31/03/2021	31/12/2020
Loan-to-value (LtV) in %**	44.8	44.5
Investment property	1,669.1	1,600.0
Shareholder equity	1,130.4	1,108.4
Financial liabilities***	1,599.7	1,474.4
Total assets	2,884.6	2,724.2
Cash and cash equivalents	457.7	371.4
Adjusted NAV (per share, in EUR)*	22.32	22.04

 

Operating performance indicators	31/03/2021	31/03/2020
Letting performance, in EUR million (YTD)	6.6	5.0
Average lease term, in years***	6.2	6.2
EPRA vacancy rate, in %***	5.9	8.4

 

*All per-share figures adjusted in accordance with IFRS. (Total no. of shares Q1 2020: 80,587k / Q1 2020: 77,396k; total no. of shares 31/03/2021: 80,587k / 31/12/2020: 80,587k)