Frankfurt, 22.03.2019
Frankfurt am Main, 22 March 2019. During
its annual general meeting in Frankfurt am Main today, DIC Asset AG
(WKN A1X3XX / ISIN DE000A1X3XX4), one of Germany's leading listed
property companies, resolved to distribute a dividend of EUR 0.48 per
share for the 2018 financial year, which implies a dividend increase by
around 10% compared to last year. With a dividend yield of 5.3% relative
to the year-end share price, DIC Asset AG counts among the most
profitable companies in the SDAX and the German real estate sector. Just
like last year, shareholders have the choice of receiving their
dividend either as cash payment or scrip dividend.
Sonja Wärntges, CEO of DIC Asset AG: "2018 gave DIC Asset AG yet another chance to demonstrate the profitability and dynamic of its hybrid business model. Against the background of the goals achieved and the sustainable business perspective, we are pleased to be able to disburse a regular dividend to our shareholders that is markedly higher than the one last year."
In her key note, the CEO presented the facts and
figures for 2018, emphasising the operational achievements of the
financial year concluded. In the outlook for the year ahead, she
reaffirmed the growth trajectory currently pursued.
"We still see
considerable potential in our business divisions that we will raise to
keep increasing our revenues, and our plans call for continued growth
across all segments in 2019. Specifically, we anticipate an FFO of EUR
70 to 72 million and a volume of approx. EUR 500 million in
acquisitions," said Wärntges.
With 55.90 percent of the share
capital represented, the Annual General Meeting approved the senior
management's proposals for all agenda items with large majorities (for a
breakdown of the voting results, please see the table).
Agenda item |
Approved by, in percent |
|
1. | Presentation of 2018 annual accounts | No vote |
2. | Appropriation of net retained profits | 99.9369 |
3. | Discharge of the Management Board | 99.0535 |
4. | Discharge of the Supervisory Board | |
4.1 | Discharge of the Supervisory Board chairman | 96.0797 |
4.2 | Discharge of the Supervisory Board members | 98.1155 |
5. | Election of an auditor for 2019 | 99.6102 |
Contact:
DIC Asset AG
Nina Wittkopf
Head of Investor Relations & Corporate Communications
Neue Mainzer Strasse 20 – MainTor
D-60311 Frankfurt am Main
Phone +49 69 9454858-1462
Fax +49 69 9454858-9399
ir@dic-asset.de
About DIC Asset AG:
DIC
Asset AG is one of Germany's leading listed property companies, and
specialises in commercial real estate. With around 20 years of
experience on the German real estate market, the company maintains a
regional footprint on all major German markets through six branch
offices, and has 178 assets with a combined market value of c. EUR 5.6
billion under management. DIC uses a hybrid business model to manage its
business divisions Commercial Portfolio, Funds and Other Investments.
Taking an active asset management approach, DIC employs its proprietary,
integrated real estate management platform to raise capital
appreciation potential in its business divisions and to boost its
revenues.
In its Commercial Portfolio division (EUR 1.7 billion in assets under management), DIC acts as proprietor and property asset holder, and thus generates revenues both from the management of the assets and through the value optimisation of its own real estate portfolio. The Funds division (EUR 1.8 billion in assets under management) generates its revenues by acting as issuer and manager of special real estate funds for institutional investors. Gathered in the business unit Other Investments (EUR 2.1 billion in assets under management) are strategic financial investments, the management of properties in which the company holds no equity stakes, equity investments in property developments and joint venture investments. DIC Asset AG has been included in the SDAX(R) segment of the Frankfurt Stock Exchange since June 2006. The Company's shares are also included in the EPRA index, which tracks the performance of the most important European real estate companies. (as of: 31 December 2018)
For more details on DIC Asset AG, visit the company's homepage at www.dic-asset.de.
Deutsche Immobilien Chancen AG & Co. KGaA
Neue Mainzer Straße 32 - 36
60311 Frankfurt am Main
Germany
Phone
+49 (0) 9450709–0
Fax
+49 (0) 69 9450709–9998