Deutsche Konsum REIT-AG's Stable Rental Performance Amid Focus on Refinancing

Deutsche Konsum REIT-AG has maintained stable rental performance during the first half of the 2024/2025 fiscal year, with a significant focus on refinancing to ensure long-term balance sheet stability. The company reports its portfolio has decreased to 163 properties, with rental income aligning with expectations at EUR 35.4 million. This marks a drop from 183 properties and EUR 39.8 million in rental income year-over-year.

The company has reduced its debt ratio, lowering its net loan-to-value to 52.5% from the previous year's 61.4%. Equity has risen by EUR 37.9 million, attributed mainly to bond conversions, while financial liabilities dropped by EUR 78.9 million.

With a restructuring plan in progress, Deutsche Konsum aims for portfolio adjustments amounting to EUR 350-450 million by 2027. Additionally, bridge financing of EUR 14 million has been secured, with negotiations to extend current standstill agreements through August.