29.07.2022 DIC Asset AG  DE000A1X3XX4

DGAP-News: DIC Asset AG: EUR 100 million promissory note issued


 

DGAP-News: DIC Asset AG / Key word(s): Financing
DIC Asset AG: EUR 100 million promissory note issued

29.07.2022 / 09:54
The issuer is solely responsible for the content of this announcement.


Press release

DIC Asset AG: EUR 100 million promissory note issued

  • Prior investors back on board
  • Strong sign of confidence in the strategy of DIC
  • New issue includes ESG link
  • Average interest coupon of 3.56%
  • Average maturity 3.6 years

Frankfurt am Main, 29 July 2022. DIC Asset AG (“DIC”), ISIN: DE000A1X3XX4, one of Germany’s leading listed property companies, just completed the placement of additional promissory note tranches in a volume of EUR 100.0 million. Once again, an ESG link was integrated in the new note issued, meaning a mechanism that ties the interest rates to reliably measurable sustainability metrics.

“We are pleased to see that our investors continue to put faith in our clear-cut strategy. On the one hand, this includes our growth. On the other hand, it is also part of our strategy to tie our growth to the consistent implementation of our ESG targets. We intend to keep expanding our percentage of ‘green’ financing arrangements in the years ahead, and we have our investors’ commitment to pursue this approach. We are well aware of the challenges of our day and age, we live up to our responsibility to help shape the future, and we are reliably creating value for all of our stakeholders,” commented Sonja Wärntges, CEO of DIC.

The weighted average maturity of the new three- and five-year tranches is 3.6 years, while the weighted annual average interest rate is 3.56%. The promissory note tranches were placed with institutional investors inside and outside Germany, the majority of whom already participated in previous DIC placements. On the whole, the issue was heavily oversubscribed.

Here is how the integrated ESG link works: If, for instance, the share of green buildings held in the existing property portfolio of DIC were to drop below 15% before the end of 2023 (among other measurement dates), the interest rate for the subsequent interest rate period would decline by 5 basis points. If the ratio stayed anywhere between 15% and 20%, the rate would remain unchanged, and it would increase by 5 basis points if the ratio exceeded 20%.

Banks facilitating the transaction include Bayerische Landesbank (“Bayern LB”) and Landesbank Hessen-Thüringen (“Helaba”).

 

About DIC Asset AG:

DIC Asset AG is Germany’s leading listed specialist for office and logistics 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 nine offices on the ground in all major German markets (with VIB Vermögen AG included). We manage a pro-forma total of 349 assets with a combined market value of EUR 13.8 billion on site, always close to our properties and their occupiers.

The Commercial Portfolio segment comprises real estate held for our own account. 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 products that return attractive dividend yields.

DIC Asset AG has been SDAX-listed since June 2006.

 

IR/PR Contact DIC Asset AG:
Peer Schlinkmann
Head of Investor Relations & Corporate Communications
Neue Mainzer Str. 20 • MainTor Primus

D-60311 Frankfurt am Main
T +49 69 9454858-1492
[email protected]

 

 



29.07.2022 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: 1408885

 
End of News DGAP News Service

1408885  29.07.2022 

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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
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Branicks Group
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A1X3XX 0,934 Kaufen 77,66
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
5,84 18,11 0,32 2,28
KBV KCV KUV EV/EBITDA
0,07 0,49 0,51 15,57
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
-54,86% -73,86% -72,33% -89,39%
    
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