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Demire Deutsche Mittelstand Real Estate AG (DMRE.F)

DMRE.F on Frankfurt Stock Exchange

3.71EUR
21 Jul 2017
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Latest Key Developments (Source: Significant Developments)

DEMIRE successfully places EUR 270 mln bond
Wednesday, 12 Jul 2017 08:59am EDT 

July 12 (Reuters) - DEMIRE DEUTSCHE MITTELSTAND REAL ESTATE AG ::DGAP-ADHOC: DEMIRE DEUTSCHE MITTELSTAND REAL ESTATE AG SUCCESSFULLY PLACES EUR 270 MILLION RATED, SENIOR UNSECURED BOND.‍NET PROCEEDS WILL BE USED FOR PARTIAL REFINANCING OF EXISTING LIABILITIES AND CERTAIN SUBSIDIARIES​.  Full Article

DEMIRE intends to issue EUR 270 million bond
Monday, 10 Jul 2017 02:38am EDT 

July 10 (Reuters) - DEMIRE DEUTSCHE MITTELSTAND REAL ESTATE AG ::DGAP-ADHOC: DEMIRE DEUTSCHE MITTELSTAND REAL ESTATE AG INTENDS TO ISSUE EUR270 MILLION BOND.TO ISSUE EUR270 MILLION OF RATED, UNSECURED FIXED RATE NOTES (SENIOR NOTES) WITH TERM OF 5 YEARS.‍NET PROCEEDS FROM PROPOSED OFFERING WILL BE USED TO REFINANCE EXISTING INDEBTEDNESS​.  Full Article

DEMIRE Deutsche Mittelstand comments on FY 2017 forecast
Thursday, 29 Jun 2017 08:50am EDT 

June 29 (Reuters) - DEMIRE DEUTSCHE MITTELSTAND REAL ESTATE AG ::DGAP-NEWS: DEMIRE DEUTSCHE MITTELSTAND REAL ESTATE AG: AGM 2017 - HIGH DEGREE OF APPROVAL FOR ALL AGENDA ITEMS.‍NEW FORECAST FOR 2017: FFO I (AFTER TAXES, BEFORE MINORITY INTERESTS) OF EUR 8-10 MILLION​.‍BASED ON ITS CURRENT REAL ESTATE HOLDINGS, COMPANY IS FORECASTING RENTAL INCOME OF EUR 72-73 MILLION IN 2017 FINANCIAL YEAR​.‍IS ALSO ANTICIPATING A FURTHER SIGNIFICANT INCREASE IN FFO FROM 2018​.  Full Article

DEMIRE FY rental income more than doubles to 76.4 mln euros
Friday, 28 Apr 2017 01:00am EDT 

April 28 (Reuters) - Demire Deutsche Mittelstand Real Estate AG ::FY rental income more than doubled to 76.4 million euros ($83.00 million)(2015: 33.3 million euros).Net profit for period declined by around 4% to 27.6 million euros in 2016 (31 December 2015: 28.9 million euros).Set itself strategic target of expanding portfolio to a carrying amount of 2 billion euros over medium term beyond 2017.Expects key performance indictors to improve in 2017 and will provide a forecast of development of significant KPIS for 2017 financial year over next weeks.Demire has set itself strategic target of expanding portfolio to a carrying amount of 2 billion euros over medium term beyond 2017.Expects rising income from property letting and falling costs at portfolio and administration level in 2017 financial year.  Full Article

Deutsche Mittelstand Real Estate - Demire falls below FFO-forecast for 2016
Wednesday, 12 Apr 2017 07:05pm EDT 

Demire Deutsche Mittelstand Real Estate Ag : FFO for the year will come out to range between EUR 7 and 8 million before minority interests . Demire significantly falls below ffo-forecast for 2016 and does not maintain ffo-forecast for 2017 . Continues to assume stable rental income for financial year 2017 . Forecast of the funds from operations without sales for FY 2016 will significantly be missed .Main reason for deviation from forecast is planned reductions of administrative costs not yet been realized.  Full Article

Demire Deutsche Mittelstand Real Estate says CEO Andreas Steyer to resign
Wednesday, 12 Apr 2017 06:30am EDT 

Demire Deutsche Mittelstand Real Estate AG : Speaker of executive board (CEO) Andreas Steyer will resign from executive board of Demire Deutsche Mittelstand Real Estate AG . His executive board contract, which runs until March 31, 2019, will be terminated prematurely by best mutual amicable agreement with supervisory board . Executive board member Markus Drews will become executive board spokesman (CEO) as of July 1, 2017 .As of July 1, 2017 executive board of company will consist of Markus Drews (CEO) and Ralf Kind (CFO).  Full Article

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