DGAP-News: Deutsche Konsum REIT-AG acquires three food anchored retail properties

Press release

Deutsche Konsum REIT-AG acquires three food anchored retail properties

Potsdam, 7 March 2022 - Deutsche Konsum REIT-AG ("DKR") (ISIN DE000A14KRD3) has acquired a discounter in Gotha (Thuringia), a local retail centre in Meinerzhagen (North Rhine-Westphalia) and a local retail property in Stadtroda (Thuringia) by notarial deeds in individual transactions.

The main tenant of the property in Gotha is the REWE subsidiary Penny. The local retail centre in Meinerzhagen is let, among others, to ALDI, KiK and Deichmann. A Norma grocery store is the anchor tenant at the fully let property in Stadtroda.

The purchase price of the three properties, which have a combined rental area of around 7,200 sqm, totals approx. EUR 6.5 million. Taking into account an annualised rent of currently TEUR 557, this results in an average acquisition yield of 8.6% with a WALT of 4.3 years and a vacancy rate of 1.6%.

In the current financial year 2021/2022, DKR has thus already acquired 13 non-cyclical and mainly food-anchored retail properties with a rental area of around 52,300 sqm and an annual rent of approximately EUR 3.8 million for around EUR 44.4 million, which corresponds to an initial yield of 8.5% on average. The average WALT is 5.8 years with a vacancy rate of around 7.4%.

Taking into account all notarised acquisitions and sales, the pro forma portfolio now comprises a total of 176 properties with a total lettable area of approx. 1.03 million sqm and a balance sheet value of EUR 991 million. The portfolio currently generates an annual rent of EUR 72.5 million.

DKR's acquisition pipeline continues to be well filled and the Company is in advanced acquisition processes. Simultaneously, selective property disposals are continuously being evaluated.

About Deutsche Konsum
Deutsche Konsum REIT-AG, Broderstorf, is a listed real estate company focusing on German retail properties for everyday goods in established micro-locations. The focus of the Company's activities is on the acquisition, management and development of local retail properties with the aim of achieving a steady increase in value and the lifting of hidden reserves.

Due to its German REIT status ('Real Estate Investment Trust'), the Company is exempt from German corporation and trade tax. The shares of the Company are listed on the Prime Standard of Deutsche Börse (ISIN: DE 000A14KRD3) and on the JSE (JSE Limited) (South Africa) by way of a secondary listing.

Contact:
Deutsche Konsum REIT-AG
Stefanie Frey
Investor Relations
E-Mail: [email protected]
Phone: +49 (0) 331 74 00 76 - 533