DGAP-News

Deutsche EuroShop: Preliminary figures for 2013 - consolidated profit up 41% FFO per share up 26% - net asset value at EUR30.59 per share (+7%) - Seite 2

in boosting funds from operations (FFO) per share by 26% to EUR2.10.

The Executive Board and Supervisory Board will therefore propose to the
shareholders at the Annual General Meeting in Hamburg on 18 June 2014 that
a dividend of EUR1.25 per share, 4% or EUR0.05 higher than the previous
year, be distributed for the successful 2013 financial year.


Outlook

Deutsche EuroShop expects sales in the 2014 financial year to increase by
six percent to EUR198-201 million, in large part due to the contribution of
the 100% stake in the Altmarkt-Galerie, which will be included in the
full-year results for the first time.

The Company forecasts that earnings before interest and taxes (EBIT) will
rise to EUR174-177 million (+6%) in 2014. Earnings before taxes and
measurement gains/losses (EBT before measurement) should rise similarly to
EUR120-123 million (+7%). Funds from operations (FFO) of between EUR2.14
and EUR2.18 per share are anticipated (+3%).

Within the scope of its approved dividend policy, the Executive Board of
Deutsche EuroShop plans to propose a higher dividend of EUR1.30 per share
for 2014. The Company intends to raise the dividend by EUR0.05 per share in
each of the financial years until 2016.


Webcast of the conference call

Deutsche EuroShop will webcast its English conference call on Friday, 21
March 2014, at 10:00 a.m. CET live on the Internet. The webcast can be
accessed at the Company's website at
http://www.deutsche-euroshop.com/ir


Deutsche EuroShop - The Shopping Center Company

Deutsche EuroShop is Germany's only public company, that invests solely in
shopping centers in prime locations. The MDAX-listed Company currently has
equity interests in 19 European shopping centers in Germany, Austria,
Hungary and Poland. The portfolio includes the Main-Taunus-Zentrum near
Frankfurt, the Altmarkt-Galerie in Dresden and the Galeria Baltycka in
Gdansk, among many others.

Key Data of Deutsche EuroShop (IFRS)

in EUR million                                 2013          2012      +/-



Revenue                                       188.0         178.2      +6%

EBIT                                          165.9         151.6      +9%

Net finance costs                             -34.1         -62.1     -45%

Measurement gains/losses                       56.3          13.9    +304%

EBT                                           187.6         103.4     +81%

Consolidated profit                           173.0         122.5     +41%

FFO per share (EUR)                            2.10          1.66     +26%

EPRA* earnings per share (EUR)                 1.76          1.36     +29%

Equity**                                    1,642.4       1,606.1      +2%