Financial Data

DIC Asset AG’s key figures at a glance

Key financial figures in EUR million

2022

2021

|Δ|

Gross rental income

176.0

108.4

67.6

Net rental income

152.5

91.2

61.3

Real estate management fees

88.4

101.2

12.8

Proceeds from sales of property

51.5

139.3

87.8

Profits on property disposals

12.7

23.8

11.1

Share of the profit or loss of associates

18.9

6.5

12.4

Funds from Operations (FFO)

114.2

107.2

7.0

Funds from Operations II
(including profit on disposals)

126.9

131.0

4.1

EBITDA

194.4

165.1

29.3

EBIT

120.5

122.1

1.6

Adjusted profit for the period

52.2

69.9

17.7

Profit for the period

42.9

58.4

15.5

Cash flow from operating activities

158.9

43.4

115.5

Key financial figures per share in EUR*

 2022

2021

|Δ|

FFO per share

1.38

1.32

0.06

FFO II per share

1.53

1.61

0.08

Earnings per share

0.38

0.71

0.33

Balance sheet figures in EUR million

31.12.2022

31.12.2021

Investment property

3,673.3

1,756.7

Non-current assets held for sale (IFRS 5)

540.8

238.7

Equity

1,664.1

1,134.0

Financial liabilities (incl. IFRS 5)

3,168.4

2,207.4

Total assets

5,180.3

3,493.7

Loan-to value ratio (LtV) in %**

57.8 %

48.5 %

Adjusted LtV in % ** / ****

54.7 %

41.1 %

NAV per share (in Euro)

18.29

18.44

Adjusted NAV per share (in Euro)****

21.84

25.00

Key operating figures

31.12.2022

31.12.2021

Number of properties

360

237

Assets under Management in EUR billion

14.7

11.5

Rental space in sqm

4,794,600

3,143,200

Letting result in sqm

374,900

309,100

Key operating figures (Commercial Portfolio)***

 31.12.2022

31.12.2021

Annualised rental income in EUR million

203.8

105.5

EPRA vacancy rate in %

4.3

5.3

WALT in years

5.5

5.9

Avg. rent per sqm in EUR

8.26

11.39

Gross rental yield in %

4.8

4.9

* Adjusted for non-recurring costs acquisition VIB
** All per share figures adjusted in accordance with IFRSs (number of shares 12M 2022: 82,689,478; 12M 2021: 81,504,495)
*** All per share figures adjusted in accordance with IFRSs (number of shares 31.12.2022: 83,152,366; 31.12.2021: 81,861,163
**** Adjusted for warehousing
***** Calculated for the Commercial Portfolio only, without repositioning and warehousing
****** Incl. full value of Institutional Business