24.03.2022 DIC Asset AG  DE000A1X3XX4

DGAP-News: DIC Asset AG: Virtual Annual General Meeting 2022 approves dividend in the amount of EUR 0.75 per share


 

DGAP-News: DIC Asset AG / Key word(s): AGM/EGM
DIC Asset AG: Virtual Annual General Meeting 2022 approves dividend in the amount of EUR 0.75 per share

24.03.2022 / 13:00
The issuer is solely responsible for the content of this announcement.


Press Release

DIC Asset AG: Virtual Annual General Meeting 2022 approves dividend in the amount of EUR 0.75 per share

  • All items of business approved by large majorities
  • Payout ratio equal to 57% of funds from operations (FFO)
  • Choice between scrip dividend and cash dividend, like in prior years
  • Prof. Dr. Gerhard Schmidt, Eberhard Vetter and Dr. Angela Geerling elected to Supervisory Board

Frankfurt am Main, 24 March 2022. DIC Asset AG (ISIN: DE000A1X3XX4), one of Germany's leading listed property companies, hosted its 2022 Annual General Meeting today, during which all items of business were approved by large majorities.

In her key note, CEO Sonja Wärntges looked back on a successful year of 2021. She also gave an account of the good start into the ongoing year, specifically about the acquisition of a majority stake in VIB Vermögen AG, a public company active primarily in the logistics sector. The transaction instantly increased the real estate assets under DIC's management to a pro-forma total of more than EUR 13 billion.

"By taking this strategically significant step, we are further expanding the position of DIC as a leading office and logistics player on the German market for commercial real estate. As a logistics location, Germany represents a key connecting link along major European transport corridors. It is in this sector that we reinforced our position now, and significantly so. With the very successful year of 2021 now behind us, we started off by laying the foundation for further growth in the financial year now under way," said Sonja Wärntges as she described the company's outlook for 2022.

The dividend approved for the 2022 financial year amounts to EUR 0.75 and implies a 7% year-on-year increase (previous year: EUR 0.70). The payout ratio remains stable on the prior-year level of 57% of the "funds from operations" (FFO) (previous year: 57%). As in the years before, shareholders may choose to receive their dividends either in cash or in the form of new shares (scrip dividend). Relative to the XETRA closing price at the year-end 2021, this results in a dividend yield of 4.9%.

In other resolutions, the actions of Management Board and Supervisory Board during the 2021 financial year were approved today. Prof. Dr. Gerhard Schmidt, Eberhard Vetter and Dr. Angela Geerling were elected to the company's Ssupervisory Board. Moreover, the BDO auditing firm was elected as auditor for the 2022 financial year, and the remuneration report for Management Board and Supervisory Board was discussed.

About DIC Asset AG:

DIC Asset AG is Germany's leading listed specialist for commercial real estate with more than 20 years of experience on the real estate market and access to a broad-based network of investors. Our business is based on a regional and inter-regional real estate platform with eight offices on the ground in all major German markets. We manage 237 assets with a combined market value of c. EUR 11.5 billion on site, always close to our properties and their occupiers.

The Commercial Portfolio segment represents the proprietary real estate portfolio of DIC Asset AG. Here, we generate steady 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, 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 +49 69 9454858-1492
[email protected]



24.03.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: DIC Asset AG
Neue Mainzer Straße 20
60311 Frankfurt am Main
Germany
Phone: +49 69 9454858-1492
Fax: +49 69 9454858-9399
E-mail: [email protected]
Internet: www.dic-asset.de
ISIN: DE000A1X3XX4, DE000A12T648, DE000A2GSCV5, DE000A2NBZG9
WKN: A1X3XX, A12T64, A2GSCV, A2NBZG
Indices: S-DAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange
EQS News ID: 1310785

 
End of News DGAP News Service

1310785  24.03.2022 

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Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 381,88 241,66 364,25 321,10 91,22 152,54 0,00
EBITDA1,2 136,60 122,30 146,15 144,96 165,10 194,40 0,00
EBITDA-Marge3 35,77 50,61 40,12 45,14 180,99 127,44
EBIT1,4 105,60 92,80 111,91 106,18 122,10 101,58 0,00
EBIT-Marge5 27,65 38,40 30,72 33,07 133,85 66,59 0,00
Jahresüberschuss1 64,41 47,61 80,86 73,11 58,39 42,86 0,00
Netto-Marge6 16,87 19,70 22,20 22,77 64,01 28,10 0,00
Cashflow1,7 56,52 61,85 64,84 67,43 43,40 158,86 0,00
Ergebnis je Aktie8 0,93 0,68 1,13 0,88 0,71 0,38 -0,38
Dividende8 0,64 0,48 0,66 0,70 0,75 0,75 0,40
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2022 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Rödl & Partner

INVESTOR-INFORMATIONEN
©boersengefluester.de
Branicks Group
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A1X3XX 0,896 Kaufen 74,50
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
0,00 18,11 0,32 2,19
KBV KCV KUV EV/EBITDA
0,07 0,47 0,49 15,56
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,75 0,00 0,00 03.07.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
16.05.2024 07.08.2024 08.11.2023 30.04.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-55,84% -74,76% -73,45% -89,82%
    
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