DIC Asset Aktiengesellschaft · Real estate company

DIC Asset
DIC Asset
DIC Asset
DIC Asset
DIC Asset

DIC ASSET AG – STRATEGY

DIC Asset AG is one of Germany's leading listed property companies, and specialises in commercial real estate. With around 20 years of experience on the Germany's real estate market, we maintain a regional footprint on all major German markets through six branch offices, and have 180 assets with a combined market value of c. EUR 7.6 billion under management.

Using a hybrid business model, we focus on the two business segments Commercial Portfolio and Institutional Business. We take an active asset management approach, employing a proprietary, integrated real estate management platform to raise capital appreciation potential in our business divisions and to boost our revenues. Our investment strategy is aimed at the ongoing development of a quality-driven, highly profitable, and regionally diversified portfolio.

In-house real estate management teams provide a direct service to tenants, working out of our branch offices in each of the regions that our portfolio focuses on. Staying in close touch with our tenants and with regional markets gives us a head start in local footprint and know-how and thus an edge over national and international competitors with no presence on the ground. Our activities seek to secure and increase rent revenues and net income while boosting the value of our real estate assets in the process. To this end, we monitor and control the entire value chain – from the acquisition, to the asset and property management, and all the way to the eventual disposal – as well as the use of our resources.

These are our two operating segments:

Commercial Portfolio

In the Commercial Portfolio segment (EUR 1.9 billion in assets under management), we act as proprietor and property asset holder, and thus generate revenues both from the management of the assets and through the value optimisation of its own real estate portfolio.

Institutional Business

In its Institutional Business (EUR 5.7 billion in assets under management), DIC Asset AG generates income from structuring and managing investment vehicles with attractive dividend yields for international and national institutional investors.

 

(as of: 31/12/2019)

 
 

Facts and figures at a glance

(accounting principles in accordance with International Financial Reporting Standards - IFRS)

Key Figures in EUR million20152016201720182019
Gross rental income 136.7 111.2 109.7 100.2 101.9
Real estate management fees 7.3 21.5 20.8 33.6 62.9
Proceeds from sales of property 201.3 318.1 229.5 86.8 176.0
Profits on property disposals 14.9 23.2 25.5 18.6 40.5
Share of the profit of associates 7.7 2.3 29.0 15.8 18.3
FFO (Funds from operations) 49.0 47.0 60.2 68.0 95.0
EBITDA 126.6 114.9 136.6 122.3 164.5
EBIT 83.9 79.6 105.6 92.8 130.2
EPRA earnings 47.6 44.1 56.9 62.3 83.7
Profit for the period 20.7 26.9* 64.4 47.6 80.7
Total assets 2,456.1 2,395.5 2,341.3 2,490.1 2.657,4
Equity 792.1 757.0 828.9 895.9 968.8
Net Asset Value 884.1 880.0 900.0 1,085.8 1.244,2

* adjusted for one-off expenses

Quicklinks

Annual Report 2019
(PDF) >>

Company Presentation
(PDF) >>

Sustainability Report
(PDF) >>

 

Contact

DIC Asset AG
Neue Mainzer Straße 20 • MainTor
60311 Frankfurt am Main

Tel. +49 69 9 45 48 58-0
Fax +49 69 9 45 48 58-99 98
info@dic-asset.de