DIC Asset AG specialises in commercial real estate, particularly office property, in Germany. We are currently managing real estate assets of around EUR 3.5 billion, with around 200 properties. Our investment strategy aims to develop a quality-oriented, high-yield and regionally diversified portfolio.
We look after our tenants directly and increase the value of our properties through our in-house property management service, with our own teams working from six branches. Proximity to our tenants and regional markets gives us a significant edge, when it comes to regional knowledge and expertise, over our national and international competitors who may be located far away.
The aim of our activities is to secure and increase our rental income and returns, as well as the value of our properties and co-investments. In order to achieve this aim, we monitor and manage the entire value-creation chain – from acquisition and real estate management through to sale – and the deployment of resources.
At EUR 47m, FFO reached upper limit of target range / Targeted acquisition volume in fund business clearly topped at EUR 520m / Fees from real estate management tripled / Financing costs slashed in half, now at 1.7 percent / Dividend proposal raised again to EUR 0.40 (2015: EUR 0.37) / Forecast 2017: FFO increase by up to 28 percent, from EUR 57m to EUR 60m >>
As of 01 May 2017, Nina Wittkopf (45) will head the Investor Relations unit of DIC Asset AG (German securities code number WKN A1X3XX / ISIN DE000A1X3XX4). She will be responsible for liaising with investors and analysts, and report directly to Sonja Wärntges, CFO. >>
Acquisitions worth over EUR 520 million transacted in 2016 / Acquisition volume expanded as planned, topping the forecast of EUR 500 million / Another four acquisitions in Berlin, Bonn, Düsseldorf and Munich just before the end of 2016 add up to a total of c. EUR 195 million / Acquired assets earmarked for existing and planned institutional real estate fund in the office and retail segments >>
Roughly EUR 1 billion refinanced over seven-year term / Substantial reduction of Commercial Portfolio financing costs to circa 1.7 percent and amortisation rate to around 1 percent / Funds from operations (FFO) and cash flow boosted as of the 2017 financial year / FFO between EUR 55 and 60 million expected from 2017 / Sustainable long-term continuity of dividends secured >>