Deutsche Konsum REIT-AG / DE000A14KRD3
21.07.2025 - 18:41:34Deutsche Konsum REIT-AG expects a devaluation of its property portfolio and the loss of its tax exemption as a REIT
EQS-Ad-hoc: Deutsche Konsum REIT-AG / Key word(s): Miscellaneous 21-Jul-2025 / 18:41 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group. The issuer is solely responsible for the content of this announcement. Publication of inside information in accordance with Art. 17 para. 1 of Regulation (EU) 596/2014 on market abuse (market abuse regulation) Potsdam, 21 July 2025 –Deutsche Konsum REIT-AG ("Company") (ISIN: DE000A14KRD3 | WKN: A14KRD | ticker symbol: DKG) has today received from the valuation service provider the preliminary results for the valuation of its real estate portfolio as of 30 June 2025. At approximately EUR 794 million, the revaluation of the portfolio is expected to be around 4,9% % (like-for-like) below the level as of 30 September 2024, resulting in a non-cash impairment requirement of approximately EUR 41 million, which will have a negative impact on earnings at the end of the third quarter of the 2024/2025 financial year. Against this background, the Company will probably not meet the equity ratio requirement under the German REIT Act (REIT-Gesellschaft) of at least 45% by the end of the 2024/2025 financial year, i.e. 30 September 2025. As the Company has already failed to meet this requirement as of 30 September 2023 and 30 September 2024, the tax exemption as a REIT is expected to end on 30 September 2025. The resulting effects have already been taken into account as a precaution in the current draft of the Restructuring Plan. In addition, the Company is still in restructuring negotiations with its creditors. The restructuring capital increase announced in the notification dated 29 May 2025 is now expected to be resolved by an Extraordinary General Meeting in autumn 2025. The current restructuring plan envisages property disposals with sales proceeds of EUR 300 to 350 million by the end of 2027. The Company is still aiming to finalise the restructuring negotiations by the end of August 2025. Contact: Deutsche Konsum REIT-AG – Management Board – Marlene-Dietrich-Allee 12b 14482 Potsdam Germany Phone: +49 (0) 331 74 00 76 - 512 E-mail: kt@deutsche-konsum.de End of Inside Information 21-Jul-2025 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com |
Language: | English |
Company: | Deutsche Konsum REIT-AG |
Marlene-Dietrich-Allee 12b | |
14482 Potsdam | |
Germany | |
Phone: | +49 (0)331 740076517 |
Fax: | +49 (0)331 740076599 |
E-mail: | kt@deutsche-konsum.de |
Internet: | www.deutsche-konsum.de |
ISIN: | DE000A14KRD3 |
WKN: | A14KRD |
Listed: | Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Munich, Stuttgart, Tradegate Exchange; JSE Securities Exchange |
EQS News ID: | 2172608 |
End of Announcement | EQS News Service |
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2172608 21-Jul-2025 CET/CEST