Corporate | 9 May 2014 14:25
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Deutsche Annington Immobilien SE / Key word(s): AGM/EGM/Real Estate
PRESS RELEASE Annual General Meeting Deutsche Annington delivers as a dividend payer with high payout – Dividend of 70 cents per share distributed – Flexible service organisation increases customer satisfaction – Outlook for 2014 confirmed Düsseldorf, May 9, 2014 – The Management Board of Deutsche Annington Immobilien SE (“Deutsche Annington”) presented the results of the 2013 financial year to its shareholders at the first Annual General Meeting and provided an outlook for the company’s further development. The shareholders agreed to the proposal of the Management Board and Supervisory Board to distribute a dividend of 70 cents per share for the 2013 financial year. “A dividend of this amount takes into account our company’s success in the past year, is one of the highest dividends in the group of German real estate companies and, at the same time, permits us to finance our ambitious modernisation programme in the current year on a sound basis. Moreover, it underscores our positioning as a dividend payer with a high and predictable dividend payout ratio,” said Rolf Buch, CEO of Deutsche Annington, summing up the positive development. Deutsche Annington plans to distribute a dividend of about 70% of FFO 1 provided business continues in the same vein over the year as a whole.
In his address, Mr Buch highlighted the new freedom and scope to act provided by the IPO last year: “The IPO gives us the freedom to obtain much more favourable funding on the capital market with additional and attractive possibilities. What’s more, the new options for shaping and further developing Deutsche Annington as the largest German housing company and for assuming responsibility as the market leader are of major importance. In addition to the obligation to our shareholders, we also have an obligation to society. With attractive and affordable housing, we will continue to contribute to society.”
With a view to the 2014 financial year, Mr Buch confirmed the forecast made at the end of February (without acquisitions): if general conditions remain stable, FFO 1 is expected to be between EUR 250 and 265 million. The monthly in-place rent per square metre based on the same number of apartments should increase by 2.3% to 2.6%. The vacancy rate will be more or less at the prior-year level of 3.5%. A volume of EUR 150 million is earmarked for the modernisation of apartments and buildings.
The Annual General Meeting approved the motions submitted by the Management Board and Supervisory Board with a large majority. From May 12, 2014, you will find the detailed results of the voting at www.deutsche-annington.com.
About Deutsche Annington
Additional information:
Contacts:
Klaus Markus
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| Language: | English | |
| Company: | Deutsche Annington Immobilien SE | |
| Münsterstraße 248 | ||
| 40470 Düsseldorf | ||
| Germany | ||
| Phone: | +49 234 314 1761 | |
| Fax: | +49 234 314 888 1761 | |
| E-mail: | investorrelations@deutsche-annington.com | |
| Internet: | www.deutsche-annington.com | |
| ISIN: | DE000A1ML7J1 | |
| WKN: | A1ML7J | |
| Indices: | SDAX | |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart | |
| End of News | DGAP News-Service |
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