The Annual General Meeting approves all TOPs by a clear majority

DGAP-News: DEMIRE Deutsche Mittelstand Real Estate AG / Key word(s): AG/AGE/Dividend
DEMIRE Deutsche Mittelstand Real Estate AG: Annual General Meeting approves all TOPs with a clear majority
18.05.2022 / 15:30
The issuer is solely responsible for the content of this announcement.

DEMIRE: the annual general meeting approves all TOPs with a clear majority

– Third consecutive dividend payment after strong annual results in 2021

– Outlook for FY 2022 confirmed

Langen, May 18, 2022. The virtual annual general meeting of DEMIRE Deutsche Mittelstand Real Estate AG today approved the proposal of the management board and the supervisory board to pay out a dividend by a clear majority. A dividend of 39 euro cents per share will be paid for the 2021 financial year, DEMIRE’s third consecutive dividend payment. All other items on the agenda were also approved by a clear majority.

In his speech, DEMIRE’s CEO, Ingo Hartlief, highlighted the company’s strong performance in 2021 despite the uncertainties caused by the effects of the Corona pandemic. “In these times of economic uncertainty, DEMIRE stands for stability and reliability with its diversified portfolio. Thus, we can once again offer a dividend payment with a clear conscience and look to the future with confidence despite the troubled times”, explained Hartlief to the shareholders as part of its activity report.

The course of the 2021 financial year and the start of 2022 have shown that DEMIRE can meet the challenges successfully. According to the CEO, the Company’s commercial strategy, which was presented to shareholders under the slogan “REALize Potential”, contributes in particular to this. By this the company means a low-risk business model that combines a diversified portfolio with conservative risk profiles, favorable financing conditions and a clearly defined acquisition approach accordingly. Therefore, the company is in the comfortable position of being able to pay a dividend again without running out of funds for business strategy measures and thus achievable growth, according to Hartlief.

91.87% of the share capital participated in the votes at the virtual annual general meeting of DEMIRE Deutsche Mittelstand Real Estate AG.

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About DEMIRE Deutsche Mittelstand Real Estate AG

DEMIRE – REALIZING THE POTENTIAL

DEMIRE Deutsche Mittelstand Real Estate AG acquires and owns commercial real estate in mid-sized cities and promising locations bordering metropolitan areas across Germany. The Company’s particular strength lies in realizing the potential of properties in these locations while focusing on a range of properties that appeal to both regional and international tenants. As of March 31, 2022, DEMIRE’s portfolio includes 64 assets with a rental area totaling approximately 1 million m². Including the Cielo building acquired proportionally in Frankfurt/Main, the market value amounts to approximately 1.7 billion euros.

The portfolio focuses on office properties with a mix of retail, hospitality and logistics properties, which provides an appropriate risk/reward structure for the commercial real estate segment. The Company values ​​long-term contracts with creditworthy tenants and realizing the potential of properties. DEMIRE foresees the continuation of stable and sustainable rental income as well as a solid appreciation in value and expects a significant growth of the portfolio in the medium term. As its portfolio expands, DEMIRE concentrates on assets with high FFO potential and, at the same time, sells assets that do not correspond to its strategy. DEMIRE is taking several steps to further develop its operations and processes. In addition to cost control, operational performance should improve thanks to an active approach to asset and portfolio management.

DEMIRE Deutsche Mittelstand Real Estate AG shares are listed on the regulated market (Prime Standard segment) of the Frankfurt Stock Exchange.

Contact:

DEMIRE Deutsche Mittelstand Real Estate AG
Michel Tegeder
Head of Corporate Finance & Investor Relations
Telephone: +49 6103 372 49 44
Email: [email protected]

18.05.2022 Broadcast of a Corporate News, transmitted by the DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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