Deutsche EuroShop is Germany's only public company that invests solely in shopping centers. It owns 20 shopping centers located primarily in Germany as well as one center each in Austria, Hungary, and Poland. The company focuses on high-quality shopping centers located in prime locations with an average retail space of 39,000 square meters. Deutsche EuroShop aims to grow long-term value through acquisitions, expansions, and stable rental income. Key metrics include over €270 million in annual rents, a 99% occupancy rate, and growth in revenue, FFO, and NAV per share.
Deutsche EuroShop is Germany's only public company that invests solely in shopping centers. It owns 20 shopping centers located primarily in Germany with one center each in Austria, Hungary, and Poland. The company focuses on long-term growth and stable dividends. Key figures for the first half of 2016 show revenue of €101.8 million and FFO per share of €1.16, up 2% year-over-year. Deutsche EuroShop aims to expand its high-quality portfolio through acquisitions and existing center expansions.
Deutsche EuroShop is Germany's only public company that invests solely in shopping centers. It owns 19 shopping centers in Germany, Austria, Hungary and Poland. The presentation provides an overview of the company's portfolio, financials, strategy and market conditions. Deutsche EuroShop aims to grow its net asset value and pay stable dividends through acquisitions and expanding its existing centers. Its centers benefit from long-term leases with well-known retailers and have high occupancy rates.
Deutsche EuroShop is Germany's only public company that invests solely in shopping centers. It owns 20 shopping centers located primarily in Germany as well as one center each in Austria, Hungary, and Poland. The company focuses on high-quality shopping centers located in prime locations that have occupancy rates around 99% and visitation of over 100 million people annually. Deutsche EuroShop aims to provide long-term growth and stable dividends through its "buy and hold" strategy of acquiring and expanding shopping centers, with a current dividend yield of 3.7%.
Deutsche EuroShop is Germany's only public company that invests solely in shopping centers. It owns 21 shopping centers across Germany and Europe with over 1 million square meters of retail space and 2,700 shops. The company focuses on long-term growth through stable rental income and increasing property values. Key figures for H1 2017 show increases in revenue, net operating income, earnings before taxes, and funds from operations per share compared to the same period last year. Total assets and equity have also risen year-over-year.
Deutsche EuroShop is Germany's only public company that invests solely in shopping centers. It owns 21 shopping centers located primarily in Germany but also in Austria, Czech Republic, Hungary, and Poland. The company focuses on long-term growth through acquisitions, expansions, and maintaining high occupancy rates. Key figures show growing revenue, FFO, and total equity in recent years.
This document provides a company presentation for Deutsche EuroShop AG dated May 2017. It summarizes that Deutsche EuroShop is a publicly traded German company that solely invests in shopping centers. It owns 21 shopping centers located primarily in Germany but also in other European countries. The presentation provides details on the company's portfolio, financial results, targets and strategy of focusing on long-term growth and stable dividends. Key metrics highlighted include total assets of €5.1 billion, 99% occupancy rate across its portfolio and average weighted lease term of 5.7 years.
Deutsche EuroShop: Acquisition of Saarpark-Center, Neunkirchen Deutsche EuroShop AG
Deutsche EuroShop acquired a 50% stake in Saarpark-Center Neunkirchen, a shopping center located in Neunkirchen, Germany. The 35,600 square meter shopping center was built in 1989 and refurbished in 1999 and 2009. It has approximately 130 shops and is anchored by retailers like C&A, Müller, H&M, and REWE. The acquisition price for the 50% stake was approximately €113 million.
Deutsche EuroShop is Germany's only public company that invests solely in shopping centers. It owns 20 shopping centers located primarily in Germany with one center each in Austria, Hungary, and Poland. The company focuses on long-term growth and stable dividends. Key figures for the first half of 2016 show revenue of €101.8 million and FFO per share of €1.16, up 2% year-over-year. Deutsche EuroShop aims to expand its high-quality portfolio through acquisitions and existing center expansions.
Deutsche EuroShop is Germany's only public company that invests solely in shopping centers. It owns 19 shopping centers in Germany, Austria, Hungary and Poland. The presentation provides an overview of the company's portfolio, financials, strategy and market conditions. Deutsche EuroShop aims to grow its net asset value and pay stable dividends through acquisitions and expanding its existing centers. Its centers benefit from long-term leases with well-known retailers and have high occupancy rates.
Deutsche EuroShop is Germany's only public company that invests solely in shopping centers. It owns 20 shopping centers located primarily in Germany as well as one center each in Austria, Hungary, and Poland. The company focuses on high-quality shopping centers located in prime locations that have occupancy rates around 99% and visitation of over 100 million people annually. Deutsche EuroShop aims to provide long-term growth and stable dividends through its "buy and hold" strategy of acquiring and expanding shopping centers, with a current dividend yield of 3.7%.
Deutsche EuroShop is Germany's only public company that invests solely in shopping centers. It owns 21 shopping centers across Germany and Europe with over 1 million square meters of retail space and 2,700 shops. The company focuses on long-term growth through stable rental income and increasing property values. Key figures for H1 2017 show increases in revenue, net operating income, earnings before taxes, and funds from operations per share compared to the same period last year. Total assets and equity have also risen year-over-year.
Deutsche EuroShop is Germany's only public company that invests solely in shopping centers. It owns 21 shopping centers located primarily in Germany but also in Austria, Czech Republic, Hungary, and Poland. The company focuses on long-term growth through acquisitions, expansions, and maintaining high occupancy rates. Key figures show growing revenue, FFO, and total equity in recent years.
This document provides a company presentation for Deutsche EuroShop AG dated May 2017. It summarizes that Deutsche EuroShop is a publicly traded German company that solely invests in shopping centers. It owns 21 shopping centers located primarily in Germany but also in other European countries. The presentation provides details on the company's portfolio, financial results, targets and strategy of focusing on long-term growth and stable dividends. Key metrics highlighted include total assets of €5.1 billion, 99% occupancy rate across its portfolio and average weighted lease term of 5.7 years.
Deutsche EuroShop: Acquisition of Saarpark-Center, Neunkirchen Deutsche EuroShop AG
Deutsche EuroShop acquired a 50% stake in Saarpark-Center Neunkirchen, a shopping center located in Neunkirchen, Germany. The 35,600 square meter shopping center was built in 1989 and refurbished in 1999 and 2009. It has approximately 130 shops and is anchored by retailers like C&A, Müller, H&M, and REWE. The acquisition price for the 50% stake was approximately €113 million.
This document provides a company presentation for Deutsche EuroShop AG. Some key points:
- Deutsche EuroShop is Germany's only publicly traded company focused solely on shopping centers.
- As of June 2017, the portfolio includes 21 shopping centers located primarily in Germany but also in Austria, Czech Republic, Hungary and Poland.
- The company aims for long-term growth and stable increases in portfolio value through acquisitions, expansions, and maintaining high occupancy rates and rent levels.
This company presentation by Deutsche EuroShop provides an overview of the company and its portfolio of shopping centers. Some key points:
- Deutsche EuroShop is a publicly traded company in Germany that solely invests in shopping centers, currently owning 21 centers mostly in Germany with a few in other European countries.
- The portfolio has over 1 million square meters of lettable space, 2,700 retail shops, and a 99% occupancy rate. The shopping centers are located in prime locations that serve large catchment areas.
- The company focuses on achieving long-term growth and stable increases in portfolio value through its "buy and hold" strategy and quality properties. This provides stable rental income and growing dividends for shareholders.
Deutsche EuroShop is Germany's only publicly traded company focused solely on shopping centers. It owns 21 shopping centers located primarily in Germany as well as one center each in Austria, Czech Republic, Hungary, and Poland. The company aims to grow long-term value through acquisitions and expanding its existing portfolio. Key figures for 2016 include total assets of €4.1 billion, revenue of €205.1 million, and FFO per share of €2.41, representing year-over-year growth. Deutsche EuroShop focuses on high quality shopping centers with long lease agreements and stable tenants like H&M, Metro, and Douglas.
Deutsche EuroShop is Germany's only public company that invests solely in shopping centers. It owns 19 shopping centers located in Germany, Austria, Hungary, and Poland. The presentation provides an overview of the company's portfolio, financial results, strategy and targets. Deutsche EuroShop aims for long-term growth in net asset value and stable dividends. Key figures shown include rising revenue, FFO, and NAV per share in recent years.
Deutsche EuroShop is Germany's only publicly traded company focused solely on shopping centers. It owns 19 centers predominantly in Germany with over 947,000 square meters of space. The company aims for long-term growth and stable increases in portfolio value. Key financial figures for 2015 show rising revenue, earnings, and net asset value. Deutsche EuroShop benefits from long-term lease agreements with tenants such as H&M and Douglas with an average weighted maturity of 6.2 years.
Deutsche EuroShop is Germany's only publicly traded company focused solely on shopping centers. It owns 19 shopping centers in Germany, Austria, Hungary and Poland. The presentation provides an overview of the company's portfolio, financials, strategy and markets. Key points include:
- The portfolio has a total lettable space of about 947,000 sqm and generates annual rents of €260 million.
- The company focuses on high street locations with prime access and quality tenants. Occupancy rates are over 99%.
- Financials are stable with increasing revenue, FFO and dividends in recent years. The portfolio is independently valued at about €4.3 billion.
- The strategy is long-term growth
This company presentation provides an overview of Deutsche EuroShop, a German real estate investment company that invests solely in shopping centers. It owns 21 shopping centers located in Germany, Austria, Czech Republic, Hungary, and Poland. The presentation discusses Deutsche EuroShop's strategy of focusing on long-term growth and stable dividends. Financial highlights show increasing revenue, earnings, and net asset value over recent years.
Deutsche EuroShop is Germany's only public company that invests solely in shopping centers. It owns 20 shopping centers located in Germany, Poland, Austria and Hungary, with a total portfolio value of approximately €3.8 billion. The company focuses on long-term growth through a buy and hold strategy and stable dividend payments. In 2012, revenue increased 11% to €211 million and FFO per share rose 3% to €1.66, demonstrating stable financial performance.
Deutsche EuroShop is Germany's only public company that invests solely in shopping centers. It owns 20 shopping centers located primarily in Germany as well as one center each in Austria, Hungary, and Poland. The presentation provides an overview of the company's portfolio, financial highlights including revenue growth and stable dividends, and strategy to pursue further acquisitions and expansions to grow its net asset value and dividends over the long term.
Deutsche EuroShop | Conference Call Presentation - Quarterly Statement 9M 2016Deutsche EuroShop AG
The document provides quarterly financial results for Deutsche EuroShop AG for the first nine months of 2016. Key highlights include:
- Retail turnover in German centers declined 1.7% on a like-for-like basis.
- Revenue increased 0.8% to €152.3 million.
- Funds from operations (FFO) per share grew 3.7% to €1.74.
- Earnings per share declined 2.2% to €1.34 due to valuation effects.
- The company acquired a 50% stake in the Saarpark-Center shopping center in Neunkirchen for approximately €113 million.
Deutsche EuroShop is Germany's only public company that invests solely in shopping centers. It owns 19 shopping centers located in Germany, Austria, Hungary, and Poland. The company focuses on long-term growth and stable dividends. Key figures include total assets of €3.9 billion, annual rent of €260 million, and an occupancy rate of 99%. Deutsche EuroShop aims to expand its high-quality portfolio through new acquisitions and extensions.
- Deutsche EuroShop is Germany's only public company that solely invests in shopping centers. It owns 21 shopping centers in Germany, Austria, Czech Republic, Hungary, and Poland.
- The company focuses on long-term growth and stable increases in portfolio value through its "buy and hold" strategy. Key figures for 2017 show increases in revenue, net operating income, and EBIT compared to the same period last year.
- Deutsche EuroShop provides detailed information on its portfolio of shopping centers, including location, size, occupancy rates, and tenant mix for each property. The presentation outlines the company's strategy, financial targets, and investment focuses.
Deutsche EuroShop is Germany's only public company that invests solely in shopping centers. It owns 19 shopping centers located in Germany, Austria, Hungary, and Poland. The company focuses on long-term growth through stable rental income and increasing property values. Key figures for Q1 2015 show continued growth in revenue, earnings, and equity value compared to the same period last year.
Deutsche EuroShop is Germany's only publicly traded company focused solely on shopping centers. It owns 19 shopping centers located in Germany, Austria, Hungary, and Poland. Deutsche EuroShop aims for long-term growth in net asset value and stable dividends. It seeks to expand its high-quality portfolio through new acquisitions and extensions within existing properties. The company maintains a diversified tenant base and long lease terms to generate stable rental income.
Deutsche EuroShop is Germany's only public company that invests solely in shopping centers. It owns 19 shopping centers located in Germany, Austria, Hungary, and Poland. The company focuses on long-term growth and stable increases in portfolio value. Key figures for 2015 include revenue of €202.9 million, FFO per share of €2.29, and a net asset value per share of €39.12. Deutsche EuroShop aims to further expand its portfolio through acquisitions and extensions of existing centers.
Deutsche EuroShop acquired 100% of the shares in Olympia Center Brno, a shopping center located in Brno, Czech Republic, for approximately €382 million. The 85,000 square meter shopping center has approximately 200 shops, a 98.5% occupancy rate, and attracts over 8 million visitors annually. The acquisition of Olympia Center Brno marks Deutsche EuroShop's first center in the Czech Republic and 21st overall.
Deutsche EuroShop is Germany's only public company that invests solely in shopping centers. It owns 19 shopping centers located in Germany, Austria, Hungary, and Poland. The company focuses on long-term growth through acquisitions and expansions. It aims to provide stable dividends currently at a 3.6% yield. For the first nine months of 2015, the company saw revenue of €151 million and FFO per share of €1.68, up slightly from the previous year. Independent appraisals valued the property portfolio at €5.98 billion as of January 2016, representing an average valuation increase of approximately 8%.
Deutsche EuroShop | Company Presentation | 03/16 Preliminary ResultsDeutsche EuroShop AG
Deutsche EuroShop is Germany's only public company that invests solely in shopping centers. It owns 19 shopping centers located primarily in Germany with a total lettable space of approximately 947,000 square meters. Deutsche EuroShop focuses on long-term growth and stable increases in portfolio value through prime locations, high occupancy rates, and professional property management. Key financial figures for 2015 include total assets of €3.9 billion, revenue of €203 million, and FFO per share of €2.29, representing year-over-year growth. The company aims to further expand its portfolio through acquisitions and existing center extensions.
Deutsche EuroShop is Germany's only public company that invests solely in shopping centers. It owns 19 shopping centers located in Germany, Austria, Hungary, and Poland. Deutsche EuroShop aims for long-term growth through acquisitions and expansions. It focuses on high-quality shopping centers with long-term lease agreements and a diverse mix of tenants. Deutsche EuroShop seeks to increase shareholder value through stable dividend payments and net asset value growth.
Deutsche EuroShop is Germany's only public company that invests solely in shopping centers. It owns 19 shopping centers located in Germany, Austria, Hungary, and Poland. Deutsche EuroShop aims for long-term growth through a buy and hold strategy and stable dividend payments. The company seeks to extend its portfolio through new acquisitions and expansions of existing centers while maintaining a focus on locations in Germany and Europe.
This document is a company presentation for Deutsche EuroShop that provides an overview of the company and its portfolio of shopping centers. Some key points:
- Deutsche EuroShop is Germany's only publicly traded company focused solely on investing in shopping centers.
- It owns 21 shopping centers across Germany, Austria, the Czech Republic, Hungary and Poland, with a total lettable space of over 1 million square meters.
- The shopping centers are professionally managed by ECE and have high occupancy rates around 99%.
- Deutsche EuroShop focuses on a "buy and hold" strategy for long-term growth and stable dividends, with a target dividend yield of 4.2%.
- Recent acquisitions include
- Deutsche EuroShop is Germany's only public company that solely invests in shopping centers. It owns 21 shopping centers in Germany, Austria, Czech Republic, Hungary, and Poland.
- The company focuses on long-term growth and stable increases in portfolio value through its "buy and hold" strategy. It aims to enhance net asset value over the long run and pay stable and attractive dividends.
- Key figures for the first 9 months of 2017 show increases in revenue, net operating income, and EBIT compared to the same period in 2016, demonstrating the company's continued growth.
This document provides a company presentation for Deutsche EuroShop AG. Some key points:
- Deutsche EuroShop is Germany's only publicly traded company focused solely on shopping centers.
- As of June 2017, the portfolio includes 21 shopping centers located primarily in Germany but also in Austria, Czech Republic, Hungary and Poland.
- The company aims for long-term growth and stable increases in portfolio value through acquisitions, expansions, and maintaining high occupancy rates and rent levels.
This company presentation by Deutsche EuroShop provides an overview of the company and its portfolio of shopping centers. Some key points:
- Deutsche EuroShop is a publicly traded company in Germany that solely invests in shopping centers, currently owning 21 centers mostly in Germany with a few in other European countries.
- The portfolio has over 1 million square meters of lettable space, 2,700 retail shops, and a 99% occupancy rate. The shopping centers are located in prime locations that serve large catchment areas.
- The company focuses on achieving long-term growth and stable increases in portfolio value through its "buy and hold" strategy and quality properties. This provides stable rental income and growing dividends for shareholders.
Deutsche EuroShop is Germany's only publicly traded company focused solely on shopping centers. It owns 21 shopping centers located primarily in Germany as well as one center each in Austria, Czech Republic, Hungary, and Poland. The company aims to grow long-term value through acquisitions and expanding its existing portfolio. Key figures for 2016 include total assets of €4.1 billion, revenue of €205.1 million, and FFO per share of €2.41, representing year-over-year growth. Deutsche EuroShop focuses on high quality shopping centers with long lease agreements and stable tenants like H&M, Metro, and Douglas.
Deutsche EuroShop is Germany's only public company that invests solely in shopping centers. It owns 19 shopping centers located in Germany, Austria, Hungary, and Poland. The presentation provides an overview of the company's portfolio, financial results, strategy and targets. Deutsche EuroShop aims for long-term growth in net asset value and stable dividends. Key figures shown include rising revenue, FFO, and NAV per share in recent years.
Deutsche EuroShop is Germany's only publicly traded company focused solely on shopping centers. It owns 19 centers predominantly in Germany with over 947,000 square meters of space. The company aims for long-term growth and stable increases in portfolio value. Key financial figures for 2015 show rising revenue, earnings, and net asset value. Deutsche EuroShop benefits from long-term lease agreements with tenants such as H&M and Douglas with an average weighted maturity of 6.2 years.
Deutsche EuroShop is Germany's only publicly traded company focused solely on shopping centers. It owns 19 shopping centers in Germany, Austria, Hungary and Poland. The presentation provides an overview of the company's portfolio, financials, strategy and markets. Key points include:
- The portfolio has a total lettable space of about 947,000 sqm and generates annual rents of €260 million.
- The company focuses on high street locations with prime access and quality tenants. Occupancy rates are over 99%.
- Financials are stable with increasing revenue, FFO and dividends in recent years. The portfolio is independently valued at about €4.3 billion.
- The strategy is long-term growth
This company presentation provides an overview of Deutsche EuroShop, a German real estate investment company that invests solely in shopping centers. It owns 21 shopping centers located in Germany, Austria, Czech Republic, Hungary, and Poland. The presentation discusses Deutsche EuroShop's strategy of focusing on long-term growth and stable dividends. Financial highlights show increasing revenue, earnings, and net asset value over recent years.
Deutsche EuroShop is Germany's only public company that invests solely in shopping centers. It owns 20 shopping centers located in Germany, Poland, Austria and Hungary, with a total portfolio value of approximately €3.8 billion. The company focuses on long-term growth through a buy and hold strategy and stable dividend payments. In 2012, revenue increased 11% to €211 million and FFO per share rose 3% to €1.66, demonstrating stable financial performance.
Deutsche EuroShop is Germany's only public company that invests solely in shopping centers. It owns 20 shopping centers located primarily in Germany as well as one center each in Austria, Hungary, and Poland. The presentation provides an overview of the company's portfolio, financial highlights including revenue growth and stable dividends, and strategy to pursue further acquisitions and expansions to grow its net asset value and dividends over the long term.
Deutsche EuroShop | Conference Call Presentation - Quarterly Statement 9M 2016Deutsche EuroShop AG
The document provides quarterly financial results for Deutsche EuroShop AG for the first nine months of 2016. Key highlights include:
- Retail turnover in German centers declined 1.7% on a like-for-like basis.
- Revenue increased 0.8% to €152.3 million.
- Funds from operations (FFO) per share grew 3.7% to €1.74.
- Earnings per share declined 2.2% to €1.34 due to valuation effects.
- The company acquired a 50% stake in the Saarpark-Center shopping center in Neunkirchen for approximately €113 million.
Deutsche EuroShop is Germany's only public company that invests solely in shopping centers. It owns 19 shopping centers located in Germany, Austria, Hungary, and Poland. The company focuses on long-term growth and stable dividends. Key figures include total assets of €3.9 billion, annual rent of €260 million, and an occupancy rate of 99%. Deutsche EuroShop aims to expand its high-quality portfolio through new acquisitions and extensions.
- Deutsche EuroShop is Germany's only public company that solely invests in shopping centers. It owns 21 shopping centers in Germany, Austria, Czech Republic, Hungary, and Poland.
- The company focuses on long-term growth and stable increases in portfolio value through its "buy and hold" strategy. Key figures for 2017 show increases in revenue, net operating income, and EBIT compared to the same period last year.
- Deutsche EuroShop provides detailed information on its portfolio of shopping centers, including location, size, occupancy rates, and tenant mix for each property. The presentation outlines the company's strategy, financial targets, and investment focuses.
Deutsche EuroShop is Germany's only public company that invests solely in shopping centers. It owns 19 shopping centers located in Germany, Austria, Hungary, and Poland. The company focuses on long-term growth through stable rental income and increasing property values. Key figures for Q1 2015 show continued growth in revenue, earnings, and equity value compared to the same period last year.
Deutsche EuroShop is Germany's only publicly traded company focused solely on shopping centers. It owns 19 shopping centers located in Germany, Austria, Hungary, and Poland. Deutsche EuroShop aims for long-term growth in net asset value and stable dividends. It seeks to expand its high-quality portfolio through new acquisitions and extensions within existing properties. The company maintains a diversified tenant base and long lease terms to generate stable rental income.
Deutsche EuroShop is Germany's only public company that invests solely in shopping centers. It owns 19 shopping centers located in Germany, Austria, Hungary, and Poland. The company focuses on long-term growth and stable increases in portfolio value. Key figures for 2015 include revenue of €202.9 million, FFO per share of €2.29, and a net asset value per share of €39.12. Deutsche EuroShop aims to further expand its portfolio through acquisitions and extensions of existing centers.
Deutsche EuroShop acquired 100% of the shares in Olympia Center Brno, a shopping center located in Brno, Czech Republic, for approximately €382 million. The 85,000 square meter shopping center has approximately 200 shops, a 98.5% occupancy rate, and attracts over 8 million visitors annually. The acquisition of Olympia Center Brno marks Deutsche EuroShop's first center in the Czech Republic and 21st overall.
Deutsche EuroShop is Germany's only public company that invests solely in shopping centers. It owns 19 shopping centers located in Germany, Austria, Hungary, and Poland. The company focuses on long-term growth through acquisitions and expansions. It aims to provide stable dividends currently at a 3.6% yield. For the first nine months of 2015, the company saw revenue of €151 million and FFO per share of €1.68, up slightly from the previous year. Independent appraisals valued the property portfolio at €5.98 billion as of January 2016, representing an average valuation increase of approximately 8%.
Deutsche EuroShop | Company Presentation | 03/16 Preliminary ResultsDeutsche EuroShop AG
Deutsche EuroShop is Germany's only public company that invests solely in shopping centers. It owns 19 shopping centers located primarily in Germany with a total lettable space of approximately 947,000 square meters. Deutsche EuroShop focuses on long-term growth and stable increases in portfolio value through prime locations, high occupancy rates, and professional property management. Key financial figures for 2015 include total assets of €3.9 billion, revenue of €203 million, and FFO per share of €2.29, representing year-over-year growth. The company aims to further expand its portfolio through acquisitions and existing center extensions.
Deutsche EuroShop is Germany's only public company that invests solely in shopping centers. It owns 19 shopping centers located in Germany, Austria, Hungary, and Poland. Deutsche EuroShop aims for long-term growth through acquisitions and expansions. It focuses on high-quality shopping centers with long-term lease agreements and a diverse mix of tenants. Deutsche EuroShop seeks to increase shareholder value through stable dividend payments and net asset value growth.
Deutsche EuroShop is Germany's only public company that invests solely in shopping centers. It owns 19 shopping centers located in Germany, Austria, Hungary, and Poland. Deutsche EuroShop aims for long-term growth through a buy and hold strategy and stable dividend payments. The company seeks to extend its portfolio through new acquisitions and expansions of existing centers while maintaining a focus on locations in Germany and Europe.
This document is a company presentation for Deutsche EuroShop that provides an overview of the company and its portfolio of shopping centers. Some key points:
- Deutsche EuroShop is Germany's only publicly traded company focused solely on investing in shopping centers.
- It owns 21 shopping centers across Germany, Austria, the Czech Republic, Hungary and Poland, with a total lettable space of over 1 million square meters.
- The shopping centers are professionally managed by ECE and have high occupancy rates around 99%.
- Deutsche EuroShop focuses on a "buy and hold" strategy for long-term growth and stable dividends, with a target dividend yield of 4.2%.
- Recent acquisitions include
- Deutsche EuroShop is Germany's only public company that solely invests in shopping centers. It owns 21 shopping centers in Germany, Austria, Czech Republic, Hungary, and Poland.
- The company focuses on long-term growth and stable increases in portfolio value through its "buy and hold" strategy. It aims to enhance net asset value over the long run and pay stable and attractive dividends.
- Key figures for the first 9 months of 2017 show increases in revenue, net operating income, and EBIT compared to the same period in 2016, demonstrating the company's continued growth.
Deutsche EuroShop is Germany’s only public company, that invests solely in shopping centers in prime locations.
The Company currently has equity interests in 19 European shopping centers in Germany, Austria, Hungary and Poland. The market value of these shopping centers, which are predominantly in city center locations, amounts to €3.9 billion.
The Shopping Center Company
http://www.deutsche-euroshop.com
This document provides an overview of Deutsche EuroShop, a German public company that invests solely in shopping centers. It owns 21 shopping centers located in Germany, Austria, Czech Republic, Hungary, and Poland. The document discusses Deutsche EuroShop's key financial figures, portfolio details, acquisition of a new shopping center in Brno, and strategies around tenant mix, lease terms, and dividend targets. It aims to present Deutsche EuroShop as an attractive long-term investment focused on stable growth and increasing shareholder value through its high-quality shopping center portfolio.
Deutsche EuroShop is Germany's only public company that invests solely in shopping centers. It owns 19 shopping centers located in Germany, Austria, Hungary, and Poland. The company focuses on long-term growth through stable rental income and increasing property values. Key figures for Q1 2015 show continued growth in revenue, earnings, and equity value compared to the same period last year.
Deutsche EuroShop is Germany's only public company that invests solely in shopping centers. It owns 19 shopping centers located in Germany, Austria, Hungary, and Poland. The presentation provides an overview of the company's portfolio, key financial figures, lease structure, and targets. It highlights the company's focus on long-term growth in net asset value and stable dividends. The portfolio is diversified across retailers and sectors with long-term lease contracts averaging 7 years in length.
Deutsche EuroShop is Germany's only public company that invests solely in shopping centers. It owns 19 shopping centers located in Germany, Austria, Hungary, and Poland. Deutsche EuroShop aims for long-term growth through a "buy and hold" strategy and stable dividend payments. Key figures include total assets of €3.5 billion, equity ratio of 49.5%, and net initial yield on properties of 5.87%.
Deutsche EuroShop is Germany's only public company that invests solely in shopping centers. It owns 19 shopping centers located in Germany, Austria, Hungary, and Poland. Deutsche EuroShop aims for long-term growth through a buy and hold strategy and stable dividends. In 2014, the company generated €200.8 million in revenue and €177.5 million in EBIT, with occupancy rates across its portfolio averaging 99%. Deutsche EuroShop plans to further expand its portfolio and increase shareholder value through acquisitions and development projects.
Deutsche EuroShop is Germany's only public company that invests solely in shopping centers. It owns 19 shopping centers located in Germany, Austria, Hungary, and Poland. The company focuses on long-term growth through acquisitions and expansions. Key financial figures for the first 9 months of 2015 show revenue of €151 million, FFO per share of €1.68, and total assets of €3.49 billion. The portfolio is independently valued annually, with the 2015 valuation expected to show a gain of €260 million due to rising property values.
Deutsche EuroShop is Germany's only public company that invests solely in shopping centers. It owns 19 shopping centers located in Germany, Austria, Hungary, and Poland. Deutsche EuroShop aims for long-term growth through acquisitions and expansions. It focuses on stable cash flows and dividends through long-term leases averaging 6.4 years, high occupancy rates, and rent increases tied to inflation. Deutsche EuroShop seeks to enhance shareholder value through its stable portfolio and conservative financial policies.
Deutsche EuroShop is Germany's only public company that invests solely in shopping centers. It owns 19 shopping centers located in Germany, Austria, Hungary, and Poland. The company focuses on long-term growth through acquisitions and expansions. It aims to provide stable dividends currently at a 3.5% yield and increase net asset value over the long run through its "buy and hold" strategy. Key financial figures for the first 9 months of 2015 show increases in revenue, earnings per share, and funds from operations per share compared to the same period in 2014.
Deutsche EuroShop is Germany's only public company that invests solely in shopping centers. It owns 19 shopping centers located in Germany, Austria, Hungary, and Poland. The company focuses on long-term growth through stable rental income and increasing property values. Key figures for 2014 include total revenue of €200.8 million, FFO per share of €2.23, and a net asset value of €1,751.2 million. Deutsche EuroShop aims to further expand its high-quality shopping center portfolio across Europe.
Deutsche EuroShop | Company Presentation | 03/15 (Preliminary Results 2014)Deutsche EuroShop AG
Deutsche EuroShop is Germany's only public company that invests solely in shopping centers. It owns 19 shopping centers located primarily in Germany but also in Austria, Hungary, and Poland. The company focuses on long-term growth through stable rent increases and portfolio expansion. Key figures for 2014 include revenue of €200.8 million, FFO per share of €2.23, and a net initial yield of 5.87% on its €3.7 billion portfolio. Deutsche EuroShop aims to continue growing its net asset value, dividends, and European portfolio in the coming years.
Deutsche EuroShop is Germany's only public company that invests solely in shopping centers. It owns 19 shopping centers located in Germany, Austria, Hungary, and Poland. The presentation provides an overview of the company's portfolio, key financial figures, lease structure, and targets. It highlights the company's focus on long-term growth and stable dividends through its "buy and hold" strategy of acquiring and expanding high-quality shopping centers primarily in Germany and Europe.
Deutsche EuroShop is Germany's only public company that invests solely in shopping centers. It owns 19 shopping centers located in Germany, Austria, Hungary, and Poland. The presentation provides an overview of the company's portfolio, key financial figures, lease structure, and targets. It highlights the company's focus on long-term growth in net asset value and stable dividends. The portfolio is diversified across retailers and sectors. The company aims to extend its portfolio by 10% annually through acquisitions and expansions.
Similar to Deutsche EuroShop | Company Presentation | 01/17 (15)
- The company saw a strong comeback in 2023 with increased footfall and retail sales compared to 2022, as well as revenue and FFO growth of over 25% and 30% respectively.
- Key performance indicators were favorable, even excluding acquisitions, and the company has a low LTV of 33.2% and strong cash position of €336.1 million.
- Major investments and developments were undertaken at several shopping centers to attract new tenants and optimize the customer experience.
- The company reported preliminary results for FY 2023 with increased revenue, FFO, and operating performance compared to FY 2022 despite a negative valuation result. Revenue was up 28.4% to €273.3m and FFO increased 31.7% to €171.3m.
- Key performance indicators like footfall and retail sales increased in 2023 compared to 2022 and the company strengthened its balance sheet by acquiring minority interests in shopping centers.
- However, the valuation of investment properties decreased due to rising yields and a muted transaction market, resulting in a valuation loss of €209.1m for FY 2023.
This document provides a summary of a company presentation for February 2024. It discusses the company's strong comeback in operational business with increasing footfall and retail sales. Financially, the company has a low loan-to-value ratio and strong cash position. The company expects continued improvement in operational business for 2023 and forecasts its FFO for the year to increase by over 20% compared to 2022.
This document provides a company presentation for a shopping center company for January 2024. It summarizes the company's strong comeback in operational business with increasing footfall and retail sales above 2019 levels. It also discusses the company's financing and liquidity position, portfolio of shopping centers, and provides a financial overview and forecast for 2023. The presentation aims to provide an update on the company's business activities and performance.
Deutsche EuroShop | Conference Call Presentation - Quarterly Statement 9M 2023Deutsche EuroShop AG
- The document provides a quarterly report for a shopping center company for the first 9 months of 2023.
- Key highlights include a strong comeback in operational business with footfall and retail sales above 2019 levels, and revenue and funds from operations increasing 34.5% and 28.1% respectively compared to the same period in 2022.
- The company has a solid balance sheet with a low loan-to-value ratio of 32.4% and €280.6 million in cash, and expects to increase funds from operations per share by over 20% for the full year 2023.
This document provides an overview of a company's business development, financing activities, shopping center portfolio, and financial results for the first nine months of 2023. Some key points:
- Retail sales and footfall increased compared to 2022, surpassing 2019 levels. Revenue was up 28.1% and funds from operations increased 34.5% for the first nine months.
- The company has a low loan-to-value ratio of 32.4% and a strong cash position. Recent follow-on financings were completed in 2023 for a total of €221 million.
- Independent appraisals showed a slight decrease in property values in the first half of 2023 due to market changes, though
- In the first nine months of 2023, the Deutsche EuroShop Group saw significant revenue growth of 28.1% compared to the same period in 2022, which was driven by both an increase in operational performance and the acquisition of additional property company shares.
- Key financial metrics like NOI, EBIT, EBT and FFO all increased compared to the prior year period. FFO saw the lowest growth of 16.8% but still rose from €111 million to €129.7 million.
- A pro forma comparison accounting for a constant portfolio scope showed more moderate growth rates for revenue (+2.9%), NOI (+3.5%) and EBT (+24.1%) but still
The document provides an overview of a company's business activities and financial results for the first half of 2023. Some key points:
- Retail sales and footfall increased compared to the first half of 2022 and were back to 2019 levels. Revenue and funds from operations also increased.
- The property portfolio valuation was stable at €4.2 billion, with an occupancy rate of 94%.
- Refinancing was completed in 2023 and the company has a long weighted maturity of debt and low loan-to-value ratio.
- The dividend paid in September was €191.2 million and funds from operations for 2023 is expected to increase over 20% compared to 2022.
- Deutsche EuroShop recorded revenue growth of 28.1% in the first half of 2023 compared to the same period in 2022, driven by acquisitions of additional shares in shopping centers.
- Net operating income increased by 27.8% due to higher revenue and lower write-downs on rent receivables.
- Earnings before interest and taxes grew substantially by 49.3% helped by income from reversal of provisions and lower write-downs, however consolidated profit fell due to negative valuation effects.
- While business recovery supported results, one-off income also contributed to improved performance compared to previous year.
- Revenue increased 30.2% to €67.8 million due to the acquisition of additional minority interests in shopping centers.
- EBIT rose 46.2% to €57.4 million and EBT excluding measurement gains/losses increased 36.4% to €45.5 million.
- EPRA earnings grew 41.2% to €44.2 million or €0.62 per share, driven by the acquisitions and lower write-downs on rent receivables.
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2. EQUITY STORY COMPANY
Company Presentation
2January 2017
Deutsche EuroShop is
Germany´s only public
company that invests
solely in shopping centers
Shopping centers are
attractive investments
because of
Continuously positive
development of rents
Stable long term
growth
Prime locations
High quality standards
Deutsche EuroShop
does not seek short-term
success, but rather long-
term growth and the re-
sulting stable increase in
the value of the portfolio
3. AT A GLANCE
1 100%-view
Lettable space Approx. 980,000 sqm
Retail shops Approx. 2,500
Market value Approx. €4.5 billion1
Rents per year €270 million1
Occupancy rate 99%
Avg. lettable space per
DES-center: inner city
39,000 sqm est.
Locations 106,000 sqm
COMPANY
January 2017
Company Presentation
3
20 shopping centers on
high street and in
established locations –
17 in Germany and one
each in Austria, Hungary
and Poland
2015 portfolio valuation:
approx. 5.5% net initial
yield (before transaction
costs)
Professional center
management by ECE,
the European market
leader in this industry
4. KEY FIGURES
1 2012 – 2015, Compound Annual
Growth Rate (CAGR)
2 paid on 16 June 2016
COMPANY
REVENUE EBIT FFO
€m €m €m
NUMBER OF SHARES DIVIDEND PER SHARE NAV PER SHARE (EPRA)
mn € €
178.2
188.0
200.8 202.9
2012 2013 2014 2015
151.6
165.8 177.5 176.3
2012 2013 2014 2015
87.0
112.0
120.5 123.4
2012 2013 2014 2015
+12.4%1
53.95 53.95 53.95 53.95
2012 2013 2014 2015
1.20
1.25
1.30
2012 2013 2014 2015
28.53 30.59
33.17
39.12
2012 2013 2014 2015
1.352
+0%1 +4.0%1 +11.1%1
January 2017
Company Presentation
4
+5.2%1+4.4%1
5. 0%
1%
2%
3%
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
(9M)
German inflation avg. 1.4% DES´ like-for-like revenue avg. 1.7%
LEASE SYSTEM
1 Status: 31 Dec. 2014
2 incl. VAT
3 Status: 31 Dec. 2015
10 years lease
No break-up option
Turnover-linked rents
Minimum rents are CPI-linked
Avg. retail space rent per sqm and year: €250
Avg. turnover per sqm and year (productivity) in DES shopping centers: €4,450
(avg. German retail: €3,463, avg. German shopping centers: €3,9721,2
Rent-to-sales-ratio: 7 – 11%
Weighted maturity of rental contracts: 6.2 years3
LIKE-FOR-LIKE REVENUE
COMPANY
January 2017
Company Presentation
5
6. TARGETS
January 2017
Company Presentation
6
COMPANY
Long term net
asset value
enhancement
Main focus on
NAV and dividend
“Buy & hold”-
strategy,
Continuous
growth
Stable and
attractive
dividends
Dividend yield:
currently 3.6%
Investment-focus:
At least 75%
Germany and up
to 25% Europe
Portfolio extension
By acquisition of new shopping
centers
By increasing existing amounts
of holdings
By expansion of portfolio centers
7. MAP OF THE PORTFOLIO
SHOPPING CENTERS
Germany
now 17 centers
Austria
1 center
Poland
1 center
Hungary
1 center
January 2017
Company Presentation
7
8. Source: JLL
GERMAN PRIME SHOPPING CENTER YIELDS 2005-16E
SHOPPING CENTERS
January 2017
Company Presentation
8
0
1
2
3
4
5
6
7
Q42005
Q22006
Q42006
Q22007
Q42007
Q22008
Q42008
Q22009
Q42009
Q22010
Q42010
Q22011
Q42011
Q22012
Q42012
Q22013
Q42013
Q22014
Q42014
Q22015
Q42015
Q22016
Q42016
Norderstedt
6.1%
Passau
5.5%
A10
6.5%
Billstedt
6.0%
Magdeburg
5.9%
Dresden
5.4%
German shopping
center prime yields
Euro Swap
Rate
Forecast
Compression Decompression Polarisation Compression
%
Neunkirchen
5.0%
9. ACQUISITION OF SAARPARK-CENTER NEUNKIRCHEN
SHOPPING CENTERS
January 2017
Company Presentation
Deutsche EuroShop acquired a 50% participation in the
Saarpark-Center SPV from BAT Custodian
Effective from 1 Oct. 2016
Total investment: approx. €113 million (50%),
net purchase price excl. debt of SPV: €79 million
(preliminary) financing by utilisation of a credit line,
later long term debt
Expected annualised rents effective from 2017: €12.8 million
(100%)
Expected NOI yield: 5.0%
(corresponds to an expected net initial yield of 4.7%,
but DES incurs no transfer tax)
The SPV will be treated as joint venture (at-equity)
No major influence on the guidance for 2016
9
10. LATEST EXTENSIONS & FOOD COURTS
SHOPPING CENTERS
Phoenix-Center Hamburg, extension (retail space +9%) and
food court (300 seats),opened March 2016, DES investment
approx. €15 million, yield: ~ 6%
City-Point Kassel, food court (200 seats), opened November
2015, DES investment approx. €4.5 million, yield: ~ 7.5%
To be decided in 2017: Galeria Baltycka Gdansk, extension
(retail space +37%), DES investment approx. €50 million
January 2017
Company Presentation
10
11. GERMANY
A10
Center
Main-Taunus-
Zentrum
Altmarkt-
Galerie
Rhein-Neckar-
Zentrum
Location Wildau/Berlin Sulzbach/Frankfurt Dresden Viernheim/Mannheim
Investment 100% 52.0% 100% 100%
Lettable space
sqm
124,700 124,000 77,000 69,500
Parking 4,000 4,500 500 3,800
Number of shops Approx. 200 Approx. 170 Approx. 200 Approx. 110
Occupancy rate 100% 100% 99% 99%
Catchment
area
Approx. 1.1 m.
inhabitants
Approx. 3.1 m.
inhabitants
Approx. 2.1 m.
inhabitants
Approx. 1.5 m.
inhabitants
Visitors 2015 6.90 m. 8.20 m. 14.80 m. 7.80 m.
Opening/
refurbishment
1996/2011 1964/2004/2011 2002/2011 1972/2002
SHOPPING CENTERS
January 2017
Company Presentation
11
12. GERMANY
Herold-
Center
Allee-
Center
Billstedt-
Center
Phoenix-
Center
Location Norderstedt Magdeburg Hamburg Hamburg
Investment 100% 50.0% 100% 50.0%
Lettable space
sqm
54,200 51,300 42,600 43,300
Parking 850 1,300 1,500 1,400
Number of shops Approx. 140 Approx. 150 Approx. 110 Approx. 130
Occupancy rate 96% 98% 98% 99%
Catchment
area
Approx. 0.5 m.
inhabitants
Approx. 0.8 m.
inhabitants
Approx. 1.0 m.
inhabitants
Approx. 0.6 m.
inhabitants
Visitors 2015 11.50 m. 9.50 m. 10.10 m. 9.20 m.
Opening/
refurbishment
1971/1995/2003 1998/2006 1969/1977/1996 2004/2016
SHOPPING CENTERS
January 2017
Company Presentation
12
13. Saarpark-
Center Forum
Allee-
Center
City-
Galerie
Location Neunkirchen Wetzlar Hamm Wolfsburg
Investment 50.0% 65.0% 100% 100%
Lettable space
sqm
35,600 34,300 34,000 30,800
Parking 1,600 1,700 1,300 800
Number of shops Approx. 130 Approx. 110 Approx. 90 Approx. 100
Occupancy rate 99% 99% 99% 100%
Catchment
area
Approx. 0.6 m.
inhabitants
Approx. 0.5 m.
inhabitants
Approx. 0.7 m.
inhabitants
Approx. 0.5 m.
inhabitants
Visitors 2015 7.10 m. 7.60 m. 6.80 m. 7.70 m.
Opening/
refurbishment
1989/1999/2009 2005 1992/2003/2009 2001/2006
GERMANY
SHOPPING CENTERS
January 2017
Company Presentation
13
14. Rathaus-
Center
City-
Arkaden
City-
Point
Stadt-
Galerie
Location Dessau Wuppertal Kassel Passau
Investment 100% 100% 100% 75.0%
Lettable space
sqm
30,100 28,600 27,700 27,700
Parking 850 650 220 500
Number of shops Approx. 90 Approx. 80 Approx. 60 Approx. 90
Occupancy rate 98% 99% 100% 100%
Catchment
area
Approx. 0.5 m.
inhabitants
Approx. 0.8 m.
inhabitants
Approx. 0.8 m.
inhabitants
Approx. 1.2 m.
inhabitants
Visitors 2015 5.60 m. 8.90 m. 8.60 m. 8.20 m.
Opening/
refurbishment
1995 2001/2004 2002/2009/2015 2008
GERMANY
SHOPPING CENTERS
January 2017
Company Presentation
14
15. Stadt-
Galerie
Location Hameln
Investment 100%
Lettable space
sqm
26,000
Parking 500
Number of shops Approx. 100
Occupancy rate 99%
Catchment
area
Approx. 0.4 m.
inhabitants
Visitors 2015 5.70 m.
Opening/
refurbishment
2008
GERMANY
SHOPPING CENTERS
January 2017
Company Presentation
15
16. EUROPE
Galeria
Bałtycka
City
Arkaden Árkád
Location Gdansk, Poland Klagenfurt, Austria Pécs, Hungary
Investment 74.0% 50.0% 50.0%
Lettable space
sqm
48,700 36,900 35,400
Parking 1,050 880 850
Number of shops Approx. 195 Approx. 120 Approx. 130
Occupancy rate 100% 100% 97%
Catchment
area
Approx. 1.1 m.
inhabitants
Approx. 0.4 m.
inhabitants
Approx. 1.0 m.
inhabitants
Visitors 2015 9.80 m. 5.60 m. 12.40 m.
Opening/
refurbishment
2007 2006 2004
SHOPPING CENTERS
January 2017
Company Presentation
16
17. OUR TENANTS1
1 Selection of our well known tenants
SHOPPING CENTERS
January 2017
Company Presentation
17
18. TENANTS STRUCTURE TOP 10 TENANTS1
1 in % of total rents as at 31 Dec. 2015
(excl. Saarpark-Center)
2 2015: excluding Kaufhof
3 2015: perfume stores only
SHOPPING CENTERS
2015 2014
Metro Group2 4.5% 5.6%
H&M 3.4% 3.2%
New Yorker 2.3% 2.4%
Douglas Group3 2.1% 3.8%
Peek &
Cloppenburg
2.1% 2.1%
Deichmann 1.8% 1.9%
REWE 1.6% 1.6%
C&A 1.5% 1.5%
Inditex Group 1.2% 1.3%
Esprit 1.2% 1.2%
Total 21.7% 24.6%
78%
22%
Other tenants
Company Presentation
18
Low level of dependence
on the top 10 tenants
January 2017
19. MATURITY DISTRIBUTION OF RENTAL CONTRACTS1
1 as % of rental income as at
31 Dec. 2015
(excl. Saarpark-Center)
SHOPPING CENTERS
2021 et sqq:
65%
2020:
6%
2019:
6%
2018:
8%
2017:
10%
2016:
5%
Company Presentation
19
Long-term contracts guarantee rental income
Weighted maturity 6.2 years
January 2017
20. SECTOR MIX1
1 as % of rental space as at
31 Dec. 2015
(excl. Saarpark-Center)
Balanced sector diversification
Fashion
51%
Non-food/
electronics
19%
Department stores
11%
Food
7%
Health &
beauty
6%
Catering
4%
Services
2%
SHOPPING CENTERS
January 2017
Company Presentation
20
21. KEY FIGURES 9M 2016
1 incl. non controlling interests
FINANCIALS€ million 01.01. – 30.09.2016 01.01. – 30.09.2015 Change
Revenue 152.3 151.0 1%
Net operating income 136.0 135.9 0%
EBIT 131.5 131.0 0%
Net finance costs -36.6 -37.2 2%
Measurement gains/losses -4.8 -2.8 -71%
EBT 90.1 91.0 -1%
Consolidated profit 72.2 73.6 -2%
FFO per share (€) 1.74 1.68 4%
EPRA Earnings per share (€, undiluted) 1.34 1.37 -2%
€ million 30.09.2016 31.12.2015 Change
Total equity1 2,054.6 2,061.0 0%
Financial liabilities 1,397.7 1,407.6 0%
Other debt (incl. Deferred taxes) 394.8 383.0 3%
Total assets 3,847.0 3,851.6 0%
Net financial liabilities 1,332.0 1,336.9 0%
Equity ratio1 53.4% 53.5%
LTV ratio 35.3% 35.5%
Gearing1 87.2% 86.9%
January 2017
Company Presentation
21
22. 5.39 5.40
5.64
5.80 5.89 5.92 5.98 5.97 5.87
5.46
5.13 5.14
5.37 5.52 5.61 5.64 5.70 5.69
5.53
5.13
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Net operating yield in % Net initial yield in %
VALUATION1 – INVESTMENT PROPERTIES 2015
1 External appraisers:
Until 2014: Feri Research
and GfK GeoMarketing
Since 2015: JLL
SENSITIVITY ANALYSIS
in € million Basis change of -25bps change of +25bps
Rent increase rates 1.14% -101.1 +129.1
Discount rate 6.11% +62.4 -64.1
Capitalization rate 5.33% +99.4 -96.8
Cost ratio 10.70% +7.7 -10.2
FINANCIALS
Company Presentation
22January 2017
23. LOAN STRUCTURE INCL. CONVERTIBLE BONDS1,2
1 as of 30 Sept. 2016
2 excl. non-consolidated loans
FINANCIALSInterest
lockin Duration
Principle amounts
(€ million)
Share of
total loan
avg.
interest rate
Up to 1 year 34.7 2.5% 1.18%
1 to 5 years 3.1 566.2 40.6% 3.81%
5 to 10 years 6.1 707.4 50.7% 3.33%
Over 10 years 11.0 87.0 6.2% 5.08%
Total 20161 5.3 1,395.3 100% 3.68%
4.16
3.88
3.76
3.69 3.68
0
1
2
3
4
5
6
7
8
3.50
4.00
4.50
2012 2013 2014 2015 2016
avg. Interest rates weighted maturities
yrs%
21 German Banks
Weighted maturity
of fixed interest
periods 5.3 years1
Company Presentation
23January 2017
1
24. in € million
End of fixed interest
periods respectively
expiring loans
Avg. interest
rate
DES‘
share
2016 144.9 4.94% 50%
2017-2019 0
2020 35.0 4.30% 50%
2021 49.2 4.66% 50%
MATURITIES UNTIL 20211,2
1 as of 30 Sept. 2016
2 excl. non-consolidated loans
in € million
end of fixed interest
periods respectively
expiring loans
avg. interest
rate
regular
redemption
payments
total
maturities
2016 79.8 4.92% 4.7 84.5
2017 98.7 1.75% 16.5 115.2
2018 72.1 4.60% 17.8 89.9
2019 123.1 4.73% 14.7 137.8
2020 134.1 4.52% 10.1 144.2
2021 198.3 4.48% 8.2 206.5
706.1
FINANCIALS
Company Presentation
24January 2017
Non-consolidated loans1
City-Arkaden, Klagenfurt:
€91.8m; 4.30% interest rate
fixed: 2.18% (15y)
Phoenix-Center, Hamburg:
€53.1m; 6.06% interest rate
fixed: 1.83% (10y)
Phoenix-Center, Hamburg
Saarpark-Center, Neunkirchen
Convertible Bond
29. SHAREHOLDER STRUCTURE1
1 Status: 22 December 2016
Institutional
Investors
49.4%
Private
Investors
24.4%
Alexander Otto
17.8%
BlackRock 5.0%
US 12%
Germany 64%
NL 4%
FI 1%
UK 8%
FR 5%
Other 2%
NO 2%
CH 2%
13,300 shareholders
Free float 82.2% SHARE
January 2017
Company Presentation
29
Johannes Schorr 3.4%
30. ANALYSTS‘ CONSENSUS1
1 Aggregated by DES
2 According to Bloomberg as
of Dec. 2016
avg./in € 2016 2017
EBIT (€ million) 177.8 179.9
FFO per share 2.30 2.39
NAV per share 41.24 42.71
Dividend 1.40 1.45
Price target 43.62
Status: 22 December 2016
22 analysts: one of the
best covered real estate
companies in Europe2
SELL UNDERPERFORM NEUTRAL OUTPERFORM BUY
Green
Street
Advisors
BofA Merrill
Lynch
ABN Amro
Commerzbank
Deutsche Bank
Equinet
J.P. Morgan
Cazenove
M.M. Warburg
Oddo Seydler
BHF Bank Kempen & Co
Kepler Cheuvreux
Metzler
Natixis
NORD/LB
Societe Generale
0%
50%
100%
Q204
Q304
Q404
Q105
Q205
Q305
Q405
Q106
Q206
Q306
Q406
Q107
Q207
Q307
Q407
Q108
Q208
Q308
Q408
Q109
Q209
Q309
Q409
Q110
Q210
Q310
Q410
Q111
Q211
Q311
Q411
Q112
Q212
Q312
Q412
Q113
Q213
Q313
Q413
Q114
Q214
Q314
Q414
Q115
Q215
Q315
Q415
Q116
Q216
Q316
Q416
negative neutral positive
SHARE
January 2017
Company Presentation
30
Baader Bank
Bankhaus Lampe
Berenberg Bank
DZ Bank
HSBC
Independent
Research
31. 10 REASONS TO INVEST
SHARE
The only public
company in
Germany to
invest solely in
shopping centers
Prime
locations
Proven,
conservative
strategy
Shareholder-
friendly dividend
policy
Stable cash flow
with long term
visibility
01 02 03 04 05
Experienced
management
team
Excellent track
record
Centers almost
100% let
Solidity combined
with growth
potential
Inflation-
protected rental
agreements
06 07 08 09 10
January 2017
Company Presentation
31
32. KEY DATA OF THE SHARE
APPENDIX
Listed since 02.01.2001
Nominal capital €53,945,536.00
Outstanding shares 53,945,536
Class of shares Registered shares
Dividend 2015 (paid on 16 June 2016) €1.35
52W High €42.61
52W Low €35.76
Share price (4 January 2017) €38.71
Market capitalisation €2.09 billion
Avg. turnover per day last 12 months (XETRA) 143,700 shares
Indices
MDAX, EPRA, GPR, MSCI Small Cap,
EURO STOXX, STOXX Europe 600
Official market
Prime Standard
Frankfurt and XETRA
OTC market
Berlin-Bremen, Dusseldorf, Hamburg,
Hanover, Munich and Stuttgart
ISIN DE 000 748 020 4
Ticker DEQ, Reuters: DEQGn.DE
Market maker Oddo Seydler
January 2017
Company Presentation
32
33. KEY DATA OF THE CONVERTIBLE BOND 1.75% 2017
1 Originally €35.10, adjusted on 21 June
2013,19 June 2014, 19 June 2015
and 16 June 2016
APPENDIX
Amount €100 million
Principal amount €100,000 per Bond
Issue date 20 Nov. 2012
Maturity date 20 Nov. 2017
Coupon 1.75%
Price (4 January 2017) 127.65%
Interest payment date
payable semi-annually in arrear on
21 May and 21 November in each year
Conversion price €30.621
Dividend protection
Conversion Price adjustment for any dividends
paid (full dividend protection)
ISIN DE 000 A1R 0W0 5
Listing
Open Market (Freiverkehr) segment of the
Frankfurt Stock Exchange
January 2017
Company Presentation
33
34. RETAIL TURNOVER 9M 20161
1 German centers on a like-for-like basis
(turnover: €2.0 billion)
2 The sum may not equal the totals due
to rounding
APPENDIX
January 2017
Company Presentation
34
Retail sector
% change
in 2016
rent-to-sales
ratio in %
% of
sales
% of
space
Department stores -1.7 6.2 7.8 13.6
Food -1.9 7.5 9.1 6.4
Fashion textiles -2.4 12.6 29.3 38.7
Shoes & leather goods -4.4 15.1 5.6 6.9
Sports -2.4 9.2 4.2 4.9
Health & beauty -0.4 7.2 11.7 5.8
General retail -2.0 10.8 8.7 9.3
Electronics -0.4 4.2 14.1 8.3
Services -0.6 4.8 4.8 1.6
Food catering -0.6 13.1 4.6 4.3
Total -1.7 9.3 1002
1002
Retail turnover development on a like-for-like basis: Germany -1.7%, abroad +1.1%
DES-Portfolio overall: -1.4%
Absolute turnover development: Germany -1.1%, abroad +0.7%
DES-Portfolio overall: -0.8%
35. GFK CONSUMER CLIMATE INDICATOR1
1 As at: December 2016, source: GfK
APPENDIX
January 2017
Company Presentation
35
36. ONLINE VS. STATIONARY RETAIL?
Source: GfK
TURNOVER DISTRIBUTION OF A FASHION RETAILER
Pure online
purchases
Order in shop,
dispatch by post
Order online, pickup
in shop (click & collect)
Online search,
purchase in shop
Pure shop purchases
Stationary retail transforms from “Point of Purchase” to “Touch Point” (product experience)
New store concepts (flagship store, show room, multi-channel store, pick-up store),
click & collect, augmented reality, online goes offline, mobile services
“Location, location, location” newly interpreted: “Convenience, attractivity & likeability“
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APPENDIX
37. CROSS CHANNEL!
Source: EY
AN EXAMPLE FOR A MODERN CUSTOMER JOURNEY
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APPENDIX
Impulse Research Consultation Transaction Payment Delivery Return After sales
Customer
loyalty
Preparation of Purchase Transaction Service
The cross-channel customer combines stationary and online channels
The one-channel customer uses only one channel
38. THE CUSTOMER JOURNEY IN OUR SHOPPING CENTERS
Source: ECE
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APPENDIX
„Love2shop“ app
center website
social media
„Easy to Park“ card
QR code car finder
3D wayfinding systems
indoor navigation
InfoGate
gift-wrapping and
packaging services
personal shopper
guest card
cell phone charging stations
quiet zones/lounge areas
Selfie photo boxes
free Wi-Fi
same day delivery service
prepaid parking cards
39. ECOMMERCE: GROWTH WITHOUT END?
Source: GfK
PROGRESSION OF ONLINE RETAIL TO MARKET MATURITY
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APPENDIX
40. OUR PARTNER:
APPENDIX
ECE develops, plans, builds, leases and manages large commercial real estate in the
sectors shopping, office, industries since 1965
originally ECE was an abbreviation for the German word
Einkaufscenterentwicklung (Shopping center development)
100% privately owned by the Otto family
Active in 14 European countries
European market leader in the shopping center business
Assets under management:
− 199 shopping centers
− 7.3 million sqm overall sales area
− approx. 21,000 retail businesses
− 4.6 million daily visitors
− €31 billion assets under management
Many investors rely on ECE:
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Austria
Bulgaria
Czech Republic
Denmark
Germany
Hungary
Italy
Lithuania
Poland
Qatar
Russia
Slovakia
Spain
Turkey
41. ENVIRONMENT
Climate protection is one of the most important issues for Deutsche EuroShop. We believe that
sustainability and profitability, the shopping experience and environmental awareness are not
opposing forces. Long-term thinking is part of our strategy. This includes playing our part in
environmental protection
In 2015, all our German shopping centers had contracts with suppliers that use renewable energy
sources, such as hydroelectric power, for their electricity needs. The “EnergieVision” organisation
certified the green electricity for our centers in Germany with the renowned “ok-power” accreditation
in 2015. We also plan to switch our centers in other countries over to green electricity wherever
possible within the next few years
The German centers used a total of around 66.6 million
kWh of green electricity in 2015. This represented 100%
of the electricity requirements in these shopping
centers. Based on conservative calculations, this meant
a reduction of around 21,760 tonnes in carbon dioxide
emissions, which equates to the annual CO2 emissions
of around 1,000 two-person households. The use of
heat exchangers and energy-saving light bulbs allows
us to further reduce energy consumption in our
shopping centers
Deutsche EuroShop, through its shopping centers, also
supports a range of activities at local and regional level
in the areas of ecology, society and economy
APPENDIX
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42. FINANCIAL CALENDAR
APPENDIX
2017
Company Presentation
42January 2017
05.-06.01. Oddo Forum, Lyon
17.01. Kepler Cheuvreux German Corporate Conf., Frankfurt
15.02. Oddo Seydler German Conf., Frankfurt
09.-10.03. Kempen & Co European Property Seminar, New York
23.03. HSBC RE Conference, Frankfurt
25.03. Stock Exchange Day, Munich
28.03. Roadshow London, Metzler
30.03. Roadshow Amsterdam, Commerzbank
03.04. Roadshow Munich, Baader Bank
03.04. Roadshow Zurich, Berenberg
28.04. Publication of the Annual Report 2016
11.05. Quarterly Statement 3M 2017
16.05. Roadshow Helsinki, M.M. Warburg
19.05. ESN Conference, Frankfurt
01.06. Kepler Cheuvreux German Property Day, Paris
07.06. Kempen & Co European Property Seminar, Amsterdam
15.06. Roadshow London, Green Street Advisors
15.06. Roadshow Warsaw, Berenberg
16.06. Roadshow Edinburgh, JP Morgan Cazenove
22.06. Deutsche Bank dbAccess Conference, Berlin
28.06. Annual General Meeting, Hamburg
15.08. Half-year Financial Report 2016
05.-06.09. DES Real Estate Summer
12.-13.09. BoA Merrill Lynch Global RE Conf., New York
18.09. GS & Berenberg German Conf., Munich
19.09. Baader Investment Conf., Munich
29.09. Societe Generale Pan European RE Conf., London
04.-06.10. Expo Real, Munich
15.11. Quarterly Statement 9M 2017
16.11. Natixis European Mid Caps Conf., Paris
17.11. Roadshow Amsterdam, Societe Generale
17.11. Roadshow Brussels, Kempen & Co
20.11. DZ Bank Equity Conf., Frankfurt
06.-07.12. Berenberg European Conf., Pennyhill
11.-12.12. HSBC Global RE Conf., Cape Town
43. CONTACT
This presentation
is a FSC certified product
APPENDIX
NICOLAS LISSNER
Manager Investor & Public
Relations
OLAF BORKERS
Chief Financial Officer
WILHELM WELLNER
Chief Executive Officer
PATRICK KISS
Head of Investor & Public
Relations
Deutsche EuroShop AG
Investor & Public Relations
Heegbarg 36
22391 Hamburg
Tel. +49 (40) 41 35 79 – 20/ – 22
Fax +49 (40) 41 35 79 – 29
E-Mail: ir@deutsche-euroshop.com
Web: www.deutsche-euroshop.com
ir-mall.com
facebook.com/euroshop
flickr.com/desag
slideshare.net/desag
twitter.com/des_ag
youtube.com/DeutscheEuroShop
Important Notice: Forward-Looking Statements
Statements in this presentation relating to future status or circum-
stances, including statements regarding management’s plans and
objectives for future operations, sales and earnings figures, are
forward-looking statements of goals and expectations based on
estimates, assumptions and the anticipated effects of future events
on current and developing circumstances and do not necessarily
predict future results.
Many factors could cause the actual results to be materially different
from those that may be expressed or implied by such statements.
Deutsche EuroShop does not intend to update these forward-looking
statements and does not assume any obligation to do so.
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