04.01.2023 DIC Asset AG  DE000A1X3XX4

EQS-News: DIC Asset AG disposes of “Kaufhof Chemnitz” asset and achieves its transaction targets for the 2022 financial year


 

EQS-News: DIC Asset AG / Key word(s): Disposal
DIC Asset AG disposes of “Kaufhof Chemnitz” asset and achieves its transaction targets for the 2022 financial year

04.01.2023 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.


Press release

 

DIC Asset AG disposes of “Kaufhof Chemnitz” asset and achieves its transaction targets for the 2022 financial year

 

  • Properties worth c. EUR 400 million disposed from proprietary portfolio
  • Properties worth more than EUR 600 million acquired for the Institutional Business
  • Further LTV reduction and portfolio optimisation through disposals

 

Frankfurt am Main, 4 January 2023. DIC Asset AG (“DIC”), WKN: A1X3XX / ISIN: DE000A1X3XX4, achieved its annual target range of EUR 400 to 500 million in notarised disposals on 30 December 2022 after disposing of the “Kaufhof Chemnitz” department store from its proprietary portfolio. Just before year-end, the property was sold to the Krieger Gruppe based in Berlin/Schönefeld. Krieger Gruppe is a company that is focused on retail. DIC exited from the investment with an attractive profit. It was agreed not to disclose the exact amount.

Earlier in December 2022, the sale of a portfolio of retail assets held by the company’s subsidiary VIB Vermögen AG (“VIB”) to a new open-ended special property fund had been notarised.

“As previously announced, we largely achieved our transaction targets for the year now concluded, and we did so despite the currently difficult market environment. The idea behind the disposals from our proprietary portfolio is to keep shifting our focus toward the asset classes of office and logistics while making progress in the planned reduction of our net financial liabilities,” commented Sonja Wärntges, CEO of DIC.

When DIC adjusted its forecast for the year 2022 in November 2022, it had stated its intention to spend a total of EUR 2.3 billion on acquisitions for its Commercial Portfolio (which was achieved by acquiring a majority interest in VIB). In the third-party business (Institutional Business), acquisitions in a total amount of EUR 650 to 700 million had been planned (while more than EUR 600 million worth of acquisitions were completed). The disposal target for the proprietary portfolio ranged from EUR 400 to 500 million (with c. EUR 400 million achieved). No disposals had been planned for the Institutional Business.

 


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 currently manage a total of 359 assets with a combined market value of EUR 14.5 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]

 



04.01.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - 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: 1526365

 
End of News EQS News Service

1526365  04.01.2023 CET/CEST

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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 1,422 Kaufen 118,24
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
0,00 18,11 0,00 3,47
KBV KCV KUV EV/EBITDA
0,11 0,74 0,78 15,78
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
-18,23% -57,89% -57,87% -82,23%
    
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