Deutsche EuroShop AG
XHAM:DEQ

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Deutsche EuroShop AG Logo
Deutsche EuroShop AG
XHAM:DEQ
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Price: 20 EUR 2.25%
Market Cap: €793.6m

Deutsche EuroShop AG
Investor Relations

Deutsche EuroShop AG is a real estate company that owns shopping centers, mainly in Germany and a few other European markets. It does not run the stores inside those malls; instead, it buys, holds, and manages retail properties that bring many different shops together under one roof. The company makes money mostly by renting space to retailers. Its customers are the store chains, restaurants, and service providers that lease units in its shopping centers. In simple terms, Deutsche EuroShop acts as a landlord for large retail properties and earns steady rental income from those tenants. What makes its business model different is that it is a focused owner of shopping centers rather than a broad property group. Its value depends on how well those centers stay attractive to shoppers and tenants, because strong foot traffic helps keep stores in place and leases renewed.

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Last Earnings Call
Fiscal Period
Q1 2022
Call Date
May 13, 2022
AI Summary
Q1 2022

Revenue: Revenue for Q1 2022 was nearly unchanged at EUR 52.1 million compared to EUR 51.9 million in Q1 2021, with almost all tenants open this year.

Profit Growth: Key profit metrics rebounded sharply, with EBIT up 24.9%, EBT up 40.8%, and EPRA earnings up EUR 8.2 million to EUR 31.3 million.

Collection Ratio: Rent collection rates improved to 99% in Q1 2022, approaching pre-pandemic levels.

FFO & Guidance: Funds from operations (FFO) rose to EUR 31.3 million (EUR 0.51 per share) and full-year FFO guidance was set at EUR 1.95–2.05 per share, reflecting a cautious but optimistic outlook.

Liquidity & CapEx: Liquidity increased to EUR 356.6 million, with plans to spend EUR 30–40 million annually on CapEx in the coming years.

Macro Impacts: Management remains cautious due to the Ukraine war and uncertainties in consumer confidence, but sees signs of normalization in operations.

Key Financials
Revenue
EUR 52.1 million
EBIT
EUR 39.3 million
EBT
EUR 33.4 million
EPRA Earnings
EUR 31.3 million
EPRA Earnings per share
EUR 0.51
Consolidated Profit
EUR 24.5 million
EPS
EUR 0.40
Funds from Operations (FFO)
EUR 31.3 million
FFO per share
EUR 0.51
Collection Ratio
99%
Liquidity
EUR 356.6 million
Equity Ratio
56%
Loan-to-Value (LTV)
29.7%
Look-through LTV
32.4%
Total Assets
EUR 4.3 billion
Consolidated Financial Liabilities
EUR 1.5 billion
Other Earnings Calls
2022
2020
2019

Management

Mr. Hans-Peter Kneip
CEO, CFO & Member of the Executive Board
No Bio Available
Mr. Ralph Borghaus
Head of Finance & Accounting
No Bio Available
Mr. Patrick Kiss
Head of Investor & Public Relations
No Bio Available
Mr. Olaf Petersen
Managing Director of Comfort Research & Consulting
No Bio Available
Ms. Iris Schöberl
Managing Director of BMO Real Estate Partners Germany
No Bio Available
Ms. Birgit Schafer
Executive Secretary
No Bio Available
Mr. Rolf Bürkl
Senior Manager Consumer Insights, GfK
No Bio Available

Contacts

Address
HAMBURG
Hamburg
Heegbarg 36
Contacts
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