Deutsche EuroShop AG / Key word(s): Final Results/Dividend
Deutsche EuroShop: successful 2012 financial year and continued growth
- Final results for 2012 financial year released
Hamburg, 26 April 2013 - Shopping center investor Deutsche EuroShop AG, Hamburg, released its 2012 financial report today. Prepared under the motto 'Hamburg3', the annual report is now available for download at www.deutsche-euroshop.com/ir
* European Public Real Estate Association
** incl. third-party interests in equity
*** proposal to the AGM
Based on these results, a proposal will be submitted to the Annual General Meeting on 20 June 2013 in Hamburg for the distribution of a dividend in the amount of EUR1.20, which represents an increase of EUR0.10 or 9% over the previous year. For the first time, an amount of EUR0.31 per share of the dividend will be subject to the deduction of capital gains tax.
As of 1 May 2013, Deutsche EuroShop will acquire a stake of 33% in the Altmarkt-Galerie in Dresden from TLG Immobilien and thus gain sole ownership of the shopping center. The investment volume is EUR132 million, while the net initial yield is at about 5.4%.
'The Altmarkt-Galerie is one of our flagship centers and we have been pleased with it from the very beginning,' said Claus-Matthias Böge, Executive Board Spokesman for Deutsche EuroShop. 'Boasting more than 200 shops on some 44,000 m² of retail space, the Altmarkt-Galerie provides jobs for around 2,000 people and draws in excess of 16 million visitors a year.'
Financial report publication dates in 2013
Deutsche EuroShop will publish its financial reports for the current financial year after the close of trading on the following dates:
- Interim report Q1: 15 May 2013
The Annual General Meeting will be held in Hamburg on 20 June 2013.
Deutsche EuroShop - The shopping center company
Deutsche EuroShop is the only public company in Germany to invest solely in shopping centers in prime locations. The MDAX-listed company currently has investments in 20 shopping centers in Germany, Austria, Poland and Hungary. The portfolio includes the Main-Taunus-Zentrum near Frankfurt, the Altmarkt-Galerie in Dresden and the Galeria Baltycka in Gdansk, among many others.
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|Company:||Deutsche EuroShop AG|
|Phone:||+49 (0)40 413 579-0|
|Fax:||+49 (0)40 413 579-29|
|Listed:||Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart|
|End of News||DGAP News-Service|