Half Year 2024 Demire Deutsche Mittelstand Real Estate AG Earnings Call Transcript

Author's Avatar
Sep 30, 2024

Sep 30, 2024 / NTS GMT
Frank Nickel - Demire Deutsche Mittelstand Real Estate AG - Chief Executive Officer, Member of the Management Board

Ladies and gentlemen, good afternoon, everybody from our side as well, and welcome to our results presentation. My name is Frank Nickel, I'm the CEO of Demire. With me here is Tim Brueckner, our CFO; Ralf Bongers, our CIO; and Julius Stinauer, our our Head of Investor Relations.

I'm sure you had a chance to look at our results, although we presented a lot of results today. Our results operationally solid and show a rental income and an FFO I for 2023, in line with our expectations. As you probably are aware, we have focused strongly during 2023 and 2024 on the refinancing of our bonds.

Since summer of 2022, we have created extra liquidity for the refinancing and considering the difficult market environment for property transactions, we have succeeded in doing this well. In 2023, for example, we sold properties for around EUR176 million.

The ones of you that have been deeper into our figures may notice that one of these transactions closed in 2024. And I wanted to say

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot