In 2020 DEFAMA Once Again Achieved Highs in All Key Figures

DEFAMA promised to publish the audited figures and the 2020 annual report at the end of April 2021.

According to preliminary and unaudited figures, Deutsche Fachmarkt AG (DEFAMA) achieved a consolidated net income of € 2.5 (2.1) million or € 2.5 (2.1) million in the 2020 financial year with sales of € 14.8 (previous year: 11.2) million . Earned € 0.57 (0.51) per share. This corresponds to an increase of 21%. Funds From Operations (FFO) were € 5.8 (4.6) million or € 1.32 (1.14) per share, an increase of 26%.

DEFAMA has thus achieved the forecasts in the Corona year or even slightly exceeded them for FFO as a central control parameter, although the Management Board has made precautionary value adjustments in the low six-digit range on outstanding payments from tenants that are affected by the lockdown. The management board and the supervisory board want to propose to the general meeting that a dividend be increased from 45 to 48 cents per share.

For the current year DEFAMA is still aiming for an increase in FFO to around € 7.1 million or € 1.61 per share. The annualized FFO of the portfolio should reach at least € 8.0 million by the end of the year. The target figure for the annual surplus is € 3.1 million, which corresponds to € 0.69 per share. According to the communicated distribution policy, the company intends to raise the dividend again for 2021.

DEFAMA currently has a portfolio of 43 retail parks with a total of 179,000 sqm of usable space, more than 96% of which are let. The annualized annual net rent amounts to a good € 14 million. The largest tenants include ALDI, EDEKA, LIDL, Netto, NORMA, Penny, REWE, Getränke Hoffmann, Dänisches Bettenlager, Deichmann, Takko and toom.

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