Q1 2025 Demire Deutsche Mittelstand Real Estate AG Earnings Call Transcript

May 8, 2025 / 08:00 AM GMT

Release Date Price: €4.43

Transcript

Key Points

Positve

DEMIRE Deutsche Mittelstand Real Estate AG (XTER:DMRE) achieved a remarkable letting volume, more than three times higher than in the first quarter of the previous year.
The company successfully extended two maturing mortgage loans, strengthening its financial profile.
Significant progress was made on the transaction side with the handover of two properties to new owners.
The letting performance increased significantly to over 25,000 square meters in the first quarter.
The company confirmed its guidance for rental income in 2025 to be in the range of €51 to €53 million and FFO1 to be between €3.5 to €5.5 million.

Negative

Annualized contractual rent decreased to €53.7 million due to a major tenant leaving in February 2025.
Rental income for Q1 was €14 million, which is 25% lower compared to the previous period.
The vacancy rate increased to 18.1% due to tenants like Deutsche Telekom giving back a significant amount of space.
FFO1 was reduced to €2.1 million due to declining rental income from a smaller portfolio.
The company experienced a devaluation of €9 million from value adjustments in properties.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

DMRE.DE - Demire Deutsche Mittelstand Real Estate AG
Q1 2025 Demire Deutsche Mittelstand Real Estate AG Earnings Call
May 08, 2025 / 08:00AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good morning everybody and welcome to our results presentation for the 1st 3 months of 2025.

Thanks for dialing in.

With me here is Demir CFO Tim Bruckner and CIO Ralph Bonggas, we'll talk to you later, and Julius Stenauer our our head of investor relations.

I'm sure you have had a chance to look at our results already, which I would summarize as solid and in line with our expectations.

Just about 2 months ago, I presented our annual report, and now we are pleased to report the Q1 2025 results to you.

We have achieved a remarkable letting volume more than 3 times higher than in the first quarter of the previous year. In

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