Deutsche Fachmarkt AG (DEFAMA) has concluded purchase agreements for five properties in Rhineland-Palatinate. The locations in Hachenburg, Heiligenroth and Lahnstein generate net rents totaling €1.3 million. Around 80% of this is accounted for by chain stores with good credit ratings such as DM, Getränke Hoffmann, JYSK, KiK, Matratzen Concord, TEDi and a TOTAL petrol station.
With the completion of these transactions, the annualized FFO increases to over €9.1 million, corresponding to €1.91 per share. DEFAMA was thus able to almost completely compensate for the dilutive effect of the recent capital increase. The Management Board is optimistic that the FFO per share can be further increased as early as the second quarter through further acquisitions and/or letting successes.
The portfolio now comprises 56 locations with around 240,000 sqm of usable space, 95% of which are let. The largest tenants include ALDI, EDEKA, Kaufland, LIDL, Netto, NORMA, Penny, REWE, Getränke Hoffmann, JYSK, Deichmann, KiK, Takko and toom. The annualized annual net rent from DEFAMA is a good €18.5 million.
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