Deutsche EuroShop AG / Key word(s): Real Estate/Miscellaneous
Deutsche EuroShop: valuation result 2019 expected to be approximately EUR-123 million
The main factors influencing the valuation included on average slightly increased yields for shopping centers in Germany, investments in the modernization and positioning of the existing portfolio as well as the rent development. The occupancy ratio of the shopping center portfolio according to EPRA fell slightly to 97.6% (-1.0 percentage point).
The valuation result for the real estate properties is still subject to change, as additional items relevant to the valuation may come to light during the preparation of the annual financial statements.
The publication of Deutsche EuroShop AG's preliminary results for the financial year 2019 is planned for 19 March 2020.
This notice contains complementary financial figures that are not precisely defined by the relevant accounting standards and that (may) represent alternative performance indicators. These complementary financial figures should not be considered in isolation or as an alternative to the figures presented in the consolidated financial statements and determined in accordance with the relevant accounting standards when evaluating the assets, financial position and results of operations of Deutsche EuroShop. Such alternative performance indicators may be calculated differently but labelled similarly by other companies. For explanations regarding the financial figures used, please consult www.deutsche-euroshop.de/Investor-Relations/Service/Glossary/
Person making the notification: Patrick Kiss, Head of Investor & Public Relations
|Company:||Deutsche EuroShop AG|
|Phone:||+49 (0)40 413 579-0|
|Fax:||+49 (0)40 413 579-29|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||948193|
|End of Announcement||DGAP News Service|