Business news for the stock market
Potsdam (pta007/07.07.2021/07:00) - Deutsche Industrie REIT-AG (ISIN DE000A2G9LL1) has been able to significantly and sustainably improve its letting performance over the last three years through increased rental income per square metre, vacancy reduction and an increase in lease terms. In addition, two relevant leases were recently signed for the logistics property in Meerbusch, eliminating the property’s vacancies.
Deutsche Industrie REIT-AG has been successful in sustainably optimising its key letting figures over the last three years. In addition to a reduction in vacancy of around 53%, an increase in the lease term of around 43% to 5.3 years was achieved, with a simultaneous increase in rental income per square metre. The following examples illustrate DIR's performance optimisation:
The industrial park in Schortens, which Deutsche Industrie has held in its portfolio since 2017, the occupancy rate has increased by around 16% since purchase, while the WALT increased by over 20%. The logistics property in Rostock, which was acquired in 2017, can also be positively highlighted with a rise of the occupancy rate of over 24% and a simultaneous growth of the WALT of around 64% as well as an increase in the annual net cold rent of around 29% to over EUR 1.1 million. The logistics property in Drei Gleichen, which has also been held in the portfolio for three years, an increase in the lease term of over 50% was realised. The commercial park in Schwerin, which was acquired in 2018, also recorded an increase in letting performance due to a strong increase of the WALT at approximately 82% and an increase in rental income per square metre by circa 14%.
In addition to the sustainably optimised portfolio-related letting performance of the last three years, Deutsche Industrie REIT-AG can report a current letting success in Meerbusch. As a result of two recently concluded leases, the occupancy rate of the logistics property rose from 19.8% to 100% as of July 2021. The new leasing of the approx. 10,700 m² warehouse space will generate an additional annual net rent of around EUR 703,000. In relation to the previous annual net rent of the specific space, the rent increase amounts to around 10.4%.
About Deutsche Industrie REIT-AG
Deutsche Industrie REIT-AG invests sustainably in light industrial properties in Germany. In addition to the activities of storage and distribution of commercial goods, light industrial also includes their administration and production. The asset class consists mainly of medium to large industrial and commercial parks. The areas are usually more complexly equipped than pure logistics properties and have a high local relevance.
The share is listed on the regulated market of the Berlin Stock Exchange and in the Prime Standard of the Frankfurt Stock Exchange. Since the beginning of 2018, the company has had the status of a REIT ("real estate investment trust") and the associated income tax exemption.
emitter: Deutsche Industrie REIT-AG
address: August-Bebel-Str. 68, 14482 Potsdam
contact person: Sonja Petersen
phone: +49 331 740 076 513
ISIN(s): DE000A2G9LL1 (share), DE000A2GS3T9 (bond), DE000A2YNQU1 (bond)
stock exchanges: regulated market in Frankfurt, Berlin