DEMIRE Deutsche Mittelstand Real Estate AG increases forecast for the 2017 financial year
DEMIRE Deutsche Mittelstand Real Estate AG / Key word(s): Change in Forecast DEMIRE Deutsche Mittelstand Real Estate AG increases forecast for the 2017 financial year Langen, 29 November 2017 - The Executive Board of DEMIRE Deutsche Mittelstand Real Estate AG (WKN A0XFSF / ISIN DE000A0XFSF0) today decided to increase its forecast for funds from operations I (FFO I, before minorities, after taxes) for the 2017 financial year from EUR 8 - 10 million to EUR 11 - 12 million due to the positive business performance and successful implementation of the first milestones of its DEMIRE 2.0 strategy programme. Based on the current real estate portfolio, the Executive Board also now expects to generate rental income of roughly EUR 74 million in the 2017 financial year (previous forecast: EUR 72 - 73 million). Contact: Peer Schlinkmann Head of Investor Relations & Corporate Communications DEMIRE Deutsche Mittelstand Real Estate AG Telefon: 06103/3724944 Email: schlinkmann@demire.ag 29-Nov-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | DEMIRE Deutsche Mittelstand Real Estate AG |
| Robert-Bosch-Straße 11 im 'the eleven' | |
| 63225 Langen (Hessen) | |
| Germany | |
| Phone: | +49 6103 37249-0 |
| Fax: | +49 6103 37249-11 |
| E-mail: | ir@demire.ag |
| Internet: | www.demire.ag |
| ISIN: | DE000A0XFSF0 |
| WKN: | A0XFSF |
| Listed: | Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Stuttgart, Tradegate Exchange |
| End of Announcement | DGAP News Service |