DEMIRE Deutsche Mittelstand Real Estate AG (XTER:DMRE)
€ 0.69 0 (0%) Market Cap: 73.86 Mil Enterprise Value: 601.59 Mil PE Ratio: 0 PB Ratio: 0.26 GF Score: 54/100
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Q3 2024 Demire Deutsche Mittelstand Real Estate AG Earnings Call Transcript

Nov 07, 2024 / 09:00AM GMT
Release Date Price: €0.8 (+1.27%)
Frank Nickel Demire Deutsche Mittelstand Real Estate AG;CEO

Ladies and gentlemen, good morning, everyone. And welcome to our results presentation for the first nine months in 2024.

With me here is Tim Bruckner ,Demire CFO, Ralf Bongers, Demire CIO and Julius Stinauer, our Head of Investor Relations.

I'm sure you had a chance to look at our results which I would summarize as solid. Rental income and FFO one are both in line with our expectations before going into more details. I'd like to highlight that we wanted to finish the refinancing of our bond yesterday. But as a matter of fact, we are still settling a final transaction as part of the backstop agreement and the finalization can only be a matter of days and until the implementation of our amended and extended bond, this means we will enter into much calmer waters financially since we then have our main financing in place until the end of 2027.

As a company, we will now continue to focus on our core business, the letting and optimizing of real estate and disposals of non strategic or fully optimized assets.

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