DEMIRE (DMRE)

Business description

DEMIRE Deutsche Mittelstand Real Estate is an investor in German commercial real estate with a focus on properties in secondary locations, attractive to medium-sized companies. The portfolio is well diversified geographically and by tenant and is spread across office, retail and logistics assets.

Offer to create bigger commercial property player

QuickView | Property | 09/11/2015

Demire (DMRE) refocused its business in 2012 from Eastern Europe to Germany, where it now has a commercial portfolio of €700m generating rental income of €52.3m, having doubled in size in 2015. The proposed acquisition of Fair Value REIT (FVI), which has been recommended by FVI’s board, would add a further €306m of investment property and €25.4m of income, and reduce DMRE’s LTV. The deal would also give DMRE shareholders access to growth through FVI’s closed-end fund investment platform. Holders of 41.9% of FVI shares and voting rights had accepted the offer as of 4 November.

Tagged: Real estate

Edison's research is freely available. We will never ask for your credit card details and you do not need to register. By downloading this research you are agreeing to our terms and conditions, which you can read in full here.

Stock data

Market cap.€213.3m
Last close€3.930
High / Low (52 weeks)€4.0 / €3.5
Stock market listingDE
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamProperty
SectorProperty

Price performance

%1m3m12m
Actual1.35.12.9
Relative *1.63.2(10.1)

* % Relative to local index

Company news

Demire AG

Mon, 18 Sep 2017 06:56:15 GMT

Demire AG

Tue, 31 Oct 2017 13:18:45 GMT

Demire AG

Tue, 25 Jul 2017 20:26:15 GMT

Demire AG

Thu, 14 Sep 2017 18:00:00 GMT

Demire AG

Fri, 15 Dec 2017 08:15:49 GMT