EQS-Adhoc: DEMIRE revaluates portfolio as of 31 December 2023
EQS-Ad-hoc: DEMIRE Deutsche Mittelstand Real Estate AG / Key word(s): Real Estate
DEMIRE revaluates portfolio as of 31 December 2023
22-Jan-2024 / 15:12 CET/CEST
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Ad-hoc notification
Disclosure of inside information pursuant to Article 17 of Regulation (EU) No 596/2014 (MMVO)
DEMIRE Deutsche Mittelstand Real Estate AG / Keyword(s): Properties
DEMIRE revaluates portfolio as of 31 December 2023
Langen, 22 January 2024. DEMIRE Deutsche Mittelstand Real Estate AG (ISIN: DE000A0XFSF0) ("DEMIRE" or the "Company") is currently having the external valuer Savills perform a valuation of its investment properties as of 31 December 2023.
Based on a draft valuation, the Company currently assumes that the fair value of the investment properties (like-for-like) as of 31 December 2023 is expected to decrease by 12.0% to 14.5% or EUR 127 million to EUR 154 million compared to the end of 2022.
The publication of DEMIRE's annual financial report is planned for 25 April 2024.
Contact:
Julius Stinauer
Head of Investor Relations Corporate Finance
DEMIRE Deutsche Mittelstand Real Estate AG
Phone: +49 6103 372 4944
Email: stinauer@demire.ag
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