Publication of inside information in accordance with Art. 17 para. 1 of Regulation (EU) 596/2014 on market abuse (market abuse regulation)
Deutsche Konsum REIT-AG expects a devaluation of its property portfolio and the loss of its tax exemption as a REIT
Potsdam, 21 July 2025 –Deutsche Konsum REIT-AG ("Company") (ISIN: DE000A14KRD3 | WKN: A14KRD | ticker symbol: DKG) has today received from the valuation service provider the preliminary results for the valuation of its real estate portfolio as of 30 June 2025. At approximately EUR 794 million, the revaluation of the portfolio is expected to be around 4,9% % (like-for-like) below the level as of 30 September 2024, resulting in a non-cash impairment requirement of approximately EUR 41 million, which will have a negative impact on earnings at the end of the third quarter of the 2024/2025 financial year.
Against this background, the Company will probably not meet the equity ratio requirement under the German REIT Act (REIT-Gesellschaft) of at least 45% by the end of the 2024/2025 financial year, i.e. 30 September 2025. As the Company has already failed to meet this requirement as of 30 September 2023 and 30 September 2024, the tax exemption as a REIT is expected to end on 30 September 2025. The resulting effects have already been taken into account as a precaution in the current draft of the Restructuring Plan.
In addition, the Company is still in restructuring negotiations with its creditors. The restructuring capital increase announced in the notification dated 29 May 2025 is now expected to be resolved by an Extraordinary General Meeting in autumn 2025. The current restructuring plan envisages property disposals with sales proceeds of EUR 300 to 350 million by the end of 2027. The Company is still aiming to finalise the restructuring negotiations by the end of August 2025.
Contact:
Deutsche Konsum REIT-AG
– Management Board –
Marlene-Dietrich-Allee 12b
14482 Potsdam
Germany
Phone: +49 (0) 331 74 00 76 - 512
E-mail: kt@deutsche-konsum.de
