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ePaper created 2012-04-27, 18:36:07 | version 1.23.1
escape. As in 2010, the share price hit its low for the year in November, closing at € 22.94 on the 23rd. Although the stock staged a significant recovery in Decem- ber, it still finished the year in the red, at € 24.80. Deutsche EuroShop’s market capitalisation decreased by around € 216 million (-14%) in 2011, from € 1,496 mil- lion to € 1,280 million. KEEPING PACE WITH THE EUROPEAN BENCHMARK AND PEER GROUP Taking into account the dividend paid of € 1.10 per share, the performance of Deutsche EuroShop shares was -11.1% year-on-year (2010: +28.1%). The share price fell by 14.4%. As such, our share price performance was below that of the European benchmark for listed real estate companies, the EPRA index, in 2011 (-9.2%; 2010: +18.6%) and was mid-ranking within the European peer group. German open-ended property funds achieved an average perfor- mance of 1.5% in the past year (2010: -1.3%) and attracted cash inflows of around € 1.2 billion (2010: € 1.6 billion). Cotton canvas weekender from s.Oliver * Corio, Eurocommercial Properties, Klepierre, Mercialys and Unibail-Rodamco 2011 2010DES share -14.4% 28.1% DAX -14.7% 16.1% MDAX -12.1% 34.9% TecDAX -19.5% 4.1% EURO STOXX 50 (Europe) -17.1% -5.9% Dow Jones (USA) 5.6% 11.0% Nikkei (Japan) -17.3% -3.0% Stock market performance Business suit from s.Oliver Brown men‘s cowhide leather shoe from C&A DES Annual Report 2011 97