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DEUTSCHE KONSUM REIT-AG - Deutsche Konsum REIT-AG receives further repayment of EUR 7.4 million on its loan to Obotritia Capital KGaA

Release Date: 13/12/2024 12:00
Code(s): DKR     PDF:  
Wrap Text
Deutsche Konsum REIT-AG receives further repayment of EUR 7.4 million on its loan to Obotritia Capital KGaA

DEUTSCHE KONSUM REIT-AG
(Incorporated in the Federal Republic of Germany)
(Registration number: HRB 13072)
FSE Share Code: A14KRD
JSE Share Code: DKR
ISIN: DE000A14KRD3
LEI: 529900QXC6TDASMCSU89



DEUTSCHE KONSUM REIT-AG RECEIVES FURTHER REPAYMENT OF EUR 7.4
MILLION ON ITS LOAN TO OBOTRITIA CAPITAL KGaA

Potsdam, 13 December 2024 – Deutsche Konsum REIT-AG ("DKR") (ISIN
DE000A14KRD3) has received a repayment of around EUR 7.4 million on its loan to
Obotritia Capital KGaA ("Obotritia Capital"). This reduces the outstanding loan amount due
as per contract on 31 December 2025 to EUR 15.9 million.

Since DKR had made a provision against the loan receivable from Obotritia Capital as of
30 September 2023, the current repayment and the repayment of EUR 30.6 million in October
2024 result in extraordinary income due to the reversal of the provision. For the completed
financial year 2023/2024, this effect will be recognized as income of approximately EUR 28.2
million in the financial statements. The funds received from the repayment will be used to
reduce debt and further strengthen the balance sheet.

About Deutsche Konsum

Deutsche Konsum REIT-AG, Broderstorf, is a listed real estate company with a focus on
German retail properties for everyday goods at established micro-locations. The focus of the
Company's activities is on the acquisition, management and development of local supply
properties with the aim of continuous performance and the leveraging of hidden reserves.

The shares of the Company are listed on the Prime Standard of the Deutsche Börse (ISIN:
DE000A14KRD3) and on the JSE (JSE Limited) (South Africa) by way of a secondary listing.

 Contact:
Deutsche Konsum REIT-AG
Mrs. Mareike Kuliberda
Investor Relations
Marlene-Dietrich-Allee 12b
14482 Potsdam
Tel: 0331 / 74 00 76 - 533
Fax: 0331 / 74 00 76 - 599
E-Mail: mk@deutsche-konsum.de


DKR has a primary listing on the Prime Standard on the Frankfurt Stock Exchange and a
secondary listing on the JSE.

Potsdam, 13 December 2024
JSE Sponsor
PSG Capital

Date: 13-12-2024 12:00:00
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