DIC Asset Aktiengesellschaft · Real estate company

DIC Asset
DIC Asset
DIC Asset
DIC Asset
DIC Asset

Ad hoc-announcement

DIC Asset AG: Forecast for the Fiscal Year 2020

(Frankfurt, 16.01.2020 15:03)

Disclosure of an inside information acc. to Article 17 MAR

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Frankfurt am Main, 16 January 2020.

Based on the preliminary and still unaudited financials for 2019, DIC Asset AG (WKN: A1X3XX / ISIN: DE000A1X3XX4) just announced that it either achieved or exceeded all of its annual forecast targets as it ended the year with c. EUR 95 million in funds from operations* (FFO), c. EUR 102 million in gross rental income and a transaction volume across all business segments of EUR 2.2 billion, with acquisitions accounting for EUR 1.9 billion thereof. DIC Asset AG's business plan for 2020, which the Management Board adopted today with the approval of the Supervisory Board, projects a significant growth in earnings for the 2020 financial year. With respect to the key earnings figure FFO, the Management Board anticipates a rise up to somewhere between EUR 104 million and EUR 106 million. The main factor driving this growth will be the planned acquisition volume in the amount of c. EUR 1.6 billion to EUR 1.9 billion, of which c. EUR 500 million to EUR 600 million are earmarked for the proprietary portfolio (Commercial Portfolio), and c. EUR 1.1 billion to EUR 1.3 billion in third-party business (Institutional Business). With this in mind, the company expects to see a rise in gross rental income and an increase in real estate management fees over prior year. Furthermore, the company is planning targeted sales across all segments with a volume of around EUR 400 million. Of this amount, around EUR 100 million is attributable to the Commercial Portfolio and around EUR 300 million to the Institutional Business. In addition, the 2020 financial year will see the first full-year consolidation of GEG German Estate Group AG, a company acquired in June 2019.

DIC Asset AG will publish its full-length 2019 annual report, which will include a detailed outlook for the ongoing 2020 financial year, on 5 February 2020.

*Explanatory note: Operating income from property management, before depreciation, tax, profits from sales and development projects, as well as from other one-off or non-cash earnings components.


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Investor Relations & Corporate Communications

DIC Asset AG
Peer Schlinkmann
Head of Investor Relations and Corporate Communications

Neue Mainzer Straße 20 • MainTor
60311 Frankfurt am Main

Tel. +49 69 9 45 48 58-14 92
ir@dic-asset.de