Deutsche Konsum REIT-AG / DE000A14KRD3
13.12.2024 - 11:00:10Deutsche Konsum REIT-AG receives further repayment of EUR 7.4 million on its loan to Obotritia Capital KGaA
| Deutsche Konsum REIT-AG / Key word(s): Miscellaneous 13.12.2024 / 11:00 CET/CEST The issuer is solely responsible for the content of this announcement. Press release Potsdam, 13 December 2024 – Deutsche Konsum REIT-AG ("DKR") (ISIN DE000A14KRD3) has received a repayment of around EUR 7.4 million on its loan to Obotritia Capital KGaA ("Obotritia Capital"). This reduces the outstanding loan amount due as per contract on 31 December 2025 to EUR 15.9 million. Since DKR had made a provision against the loan receivable from Obotritia Capital as of 30 September 2023, the current repayment and the repayment of EUR 30.6 million in October 2024 result in extraordinary income due to the reversal of the provision. For the completed financial year 2023/2024, this effect will be recognized as income of approximately EUR 28.2 million in the financial statements. The funds received from the repayment will be used to reduce debt and further strengthen the balance sheet. About Deutsche Konsum Deutsche Konsum REIT-AG, Broderstorf, is a listed real estate company with a focus on German retail properties for everyday goods at established micro-locations. The focus of the Company's activities is on the acquisition, management and development of local supply properties with the aim of continuous performance and the leveraging of hidden reserves. The shares of the Company are listed on the Prime Standard of the Deutsche Börse (ISIN: DE000A14KRD3) and on the JSE (JSE Limited) (South Africa) by way of a secondary listing. Contact: Deutsche Konsum REIT-AG Mrs. Mareike Kuliberda Investor Relations Marlene-Dietrich-Allee 12b 14482 Potsdam Tel: 0331 / 74 00 76 - 533 Fax: 0331 / 74 00 76 - 599 E-Mail: mk@deutsche-konsum.de 13.12.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com |
| Language: | English |
| Company: | Deutsche Konsum REIT-AG |
| Marlene-Dietrich-Allee 12b | |
| 14482 Potsdam | |
| Germany | |
| Phone: | +49 (0)331 740076512 |
| Fax: | +49 (0)331 740076599 |
| E-mail: | ak@deutsche-konsum.de |
| Internet: | www.deutsche-konsum.de |
| ISIN: | DE000A14KRD3 |
| WKN: | A14KRD |
| Listed: | Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Munich, Stuttgart, Tradegate Exchange; JSE Securities Exchange |
| EQS News ID: | 2051061 |
| End of News | EQS News Service |
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