DEFAMA Reports Strong Q1 2024 Results

DEFAMA mit Zuwachs

DEFAMA achieved a revenue of 6.6 million euros and an EBITDA of 4.1 million euros in Q1 2024, resulting in a pre-tax profit of 1.2 million euros and a net profit of 0.9 million euros. The company also reported a 10% increase in FFO to 2.5 million euros, equating to 0.52 euros per share.

Deutsche Fachmarkt AG

DEFAMA Sells Büdelsdorf Fachmarktzentrum

DEFAMA sold the Büdelsdorf Fachmarktzentrum in April, resulting in a pre-tax gain of 1.5 million euros.

DEFAMA Expands Property Portfolio and Renovation Plans

DEFAMA is actively involved in property acquisition discussions and plans renovation projects to enhance rental yields.

DEFAMA Sets Ambitious Targets for 2024

DEFAMA aims to achieve a profit of 5 million euros in 2024, with FFO reaching 10.6 million euros and a dividend increase.

DEFAMA Deutsche Fachmarkt Reports 2023 Annual Results

DEFAMA Deutscher Fachmarkt Gesamtjahresergebnis 2023: Umsätze im Rahmen der Erwartungen

DEFAMA Deutsche Fachmarkt reported its 2023 annual results, with revenue increasing by 21% to 24.5 million euros. However, net profit decreased by 23% to 4.15 million euros, and gross margin fell from 27% to 17%. Despite this, analysts expect the company to grow at an average annual rate of 9.4% over the next two years, outperforming the projected decline of the German real estate industry.

DEFAMA Deutsche Fachmarkt Full Year 2023 Earnings: Revenues In Line With Expectations

Deutsche Fachmarkt AG reported its full-year 2023 earnings, with revenue increasing by 21% to €24.5m, meeting analyst expectations. However, net income decreased by 23% to €4.15m, and the profit margin dropped to 17% from 27% in the previous year. Despite this, the company's revenue is forecasted to grow 9.4% p.a. on average during the next 2 years, outperforming the German Real Estate industry's expected decline.

DEFAMA Publishes Annual Financial Report and Confirms Projections

EQS-News: DEFAMA veröffentlicht Geschäftsbericht und bestätigt Prognose - boerse.de

DEFAMA veröffentlicht Geschäftsbericht und bestätigt Prognose

Deutsche Fachmarkt AG (DEFAMA) has published its annual financial report for 2023, showcasing a 5.2% increase in revenue to 23.3 million euros and a 23.5% increase in funds from operations (FFO) to 9.7 million euros. The company also proposes a dividend increase to 57 cents per share for 2024 and aims for an annual FFO increase of 10% to 10.6 million euros.

Deutsche Fachmarkt AG (DEFAMA) is a real estate company that acquires and manages retail properties in small and medium-sized cities in Germany. The company focuses on a niche that offers unique opportunities due to the smaller size of the properties, which are often overlooked by institutional investors.

DEFAMA is a real estate company focusing on small retail properties in small and medium-sized towns, predominantly in northern and eastern Germany.DEFAMA sees particular opportunities in this niche because the properties in focus are too small for most institutional investors. This creates buying opportunities at favourable prices. DEFAMA's management has many years of experience in this area and has already carried out numerous corresponding transactions.DEFAMA's declared goal is to become one of the largest portfolio holders of small retail parks in Germany in the long term.

DEFAMA Deutsche Fachmarkt AG

DEFAMA Deutsche Fachmarkt AG, a real estate company, engages in the purchase and long-term rental of retail parks and shopping centers. The company focuses on small commercial properties in small and medium-sized cities primarily in northern and eastern Germany. DEFAMA Deutsche Fachmarkt AG was founded in 2014 and is based in Berlin, Germany.

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DE:DEFAMA

Deutsche Fachmarkt AG

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