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Demire Deutsche Mittelstand Real Estate AG (DMRE.F)

DMRE.F on Frankfurt Stock Exchange

3.85EUR
24 Mar 2017
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€0.06 (+1.69%)
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Latest Key Developments (Source: Significant Developments)

Demire Deutsche Mittelstand Real Estate prolongs maturity of EUR 148 million promissory note
Tuesday, 28 Feb 2017 03:36am EST 

Demire Deutsche Mittelstand Real Estate AG : Prolongs maturity of 148 million euros ($156.52 million) promissory note at significantly better interest rate conditions . FFO to increase annually by 1.45 million euros starting in 2017 . Interest rate has been reduced retroactively as at January 1, 2017, from 5 pct p.a. to 4 pct p.a. without paying a penalty for early repayment .Because investors in promissory note waived their option for a partial repayment agreed at time of issuance, can now use entire proceeds from sale of non-core assets of around 22 million euros for further growth.  Full Article

DEMIRE reshuffles its supervisory and executive board
Wednesday, 22 Feb 2017 04:43am EST 

DEMIRE Deutsche Mittelstand Real Estate AG : Says it has changed its formation of supervisory board and executive board .Frank Hoelzle has been elected vice chairman of supervisory board.  Full Article

DEMIRE Deutsche Mittelstand Real Estate says Ralf Kind appointed CFO
Friday, 17 Feb 2017 11:37am EST 

Demire Deutsche Mittelstand Real Estate AG : Supervisory board of Demire appoints Ralf Kind as new CFO .As of 1 March 2017, Ralf Kind will assume his duties at Demire and extend management board consisting of Andreas Steyer (CEO) and Markus Drews (COO).  Full Article

DEMIRE 9-month rental income up at 56.7 million euros
Wednesday, 30 Nov 2016 12:56am EST 

DEMIRE Deutsche Mittelstand Real Estate AG : 9-month rental income grew from 21.9 million euros ($23.28 million) in prior year period to 56.7 million euros as a result of real estate acquisitions concluded in 2015 and early 2016 . 9-month net profit rose from 2.6 million euros to 6.5 million euros, net profit attributable to parent company shareholders climbed to 4.1 million euros (reference period 2015: 1.6 million euros) . Confirms its full-year 2016 forecast for FFO of 19.1 million euros before minority interests and 13.9 million euros after minority interests . For 2017 fiscal year, DEMIRE strives in an unchanged way for FFO before minority interests of 25 million euros and of 18 million euros after minority interests .9-month FFO before minority interests reaches 11.0 million euros.  Full Article

DEMIRE successfully places cash capital increase
Thursday, 1 Sep 2016 01:38am EDT 

Demire Deutsche Mittelstand Real Estate AG : Successful placement of 10 pct cash capital increase several times oversubscribed . Proceeds allow complete repayment of HFS bond and a significantly lower interest burden . Further real estate investments planned .Net proceeds of 17 million euros ($18.96 million) less cost from cash capital increase.  Full Article

Demire resolves cash capital increase by 10 pct
Thursday, 11 Aug 2016 04:41am EDT 

Demire Deutsche Mittelstand Real Estate AG : Resolves cash capital increase by 10 pct . To increase share capital up to an amount of 4,930,722 euros ($5.49 million) through partial use of available authorised capital . Issue price of new shares is 3.45 euros per share . To use proceeds to repay high interest financial liabilities to achieve target to reduce its interest expenses in 2016 .Following completed execution share capital will amount to 54,237,944 euros.  Full Article

DEMIRE Deutsche Mittelstand concludes new lease agreements
Tuesday, 26 Jul 2016 01:30am EDT 

DEMIRE Deutsche Mittelstand Real Estate AG :Successfully concludes new lease agreements for former Deutsche Telekom space in Bad Kreuznach.  Full Article

DEMIRE Q1 EBIT increases to 14.0 mln euros
Thursday, 9 Jun 2016 09:50am EDT 

Demire Deutsche Mittelstand Real Estate AG : Q1 rental income rises to 17.8 million euros ($20.15 million)(previous year: 7.0 million euros) . Q1 EBIT increases to 14.0 million euros (previous year: 5.2 million euros) . Q1 net profit/loss for period grows to 4.2 million euros(previous year: 0.5 million euros) . Reconfirms FFO forecast of nearly 20 million euros before non- controlling interests for full year of 2016 .Profit soars in the first quarter of 2016.  Full Article

Demire FY 2015 net profit down at 28.9 million euros
Thursday, 19 May 2016 10:27am EDT 

Demire Deutsche Mittelstand Real Estate AG : FY 2015 profits from rental of real estate experienced a tenfold increase over prior year and reached 23.7 million euros ($26.55 million) (previous year: 3.8 million euros) . Financial result ended year at an expense of 25.7 million euros (previous year: expense of 2.3 million euros) . FY net profit of 28.9 million euros, or well short of previous year's level of 45.7 million euros .Anticipates 2016 rental income in order of 75 million euros and expects profits (funds from operations) to reach just under 20 million euros.  Full Article

Demire Deutsche Mittelstand Real Estate AG gives FY 2016 FFO forecast
Friday, 29 Apr 2016 01:27pm EDT 

Demire Deutsche Mittelstand Real Estate AG:Expects operating results (FFO) in 2016 to only slightly fall short of 20 million euros before non controlling interests.  Full Article

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