The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Philipp Sennewald - NuWays AG - Analyst
: Yeah, thank you very much, guys, for the presentation. I have a couple of questions. Do you like me to ask them one by one, or should I ask them
all in one?
Question: Philipp Sennewald - NuWays AG - Analyst
: But okay, I will ask them one by one you were just speaking of vacancy which obviously increased compared to 2023. You want to improve it in
205. Could you maybe specify on that what what what is a possible target for for the end of the year?
Question: Philipp Sennewald - NuWays AG - Analyst
: Okay, understood. And maybe one question when you spoke of lie, what is the status, current status of the insolvency process there?
Question: Philipp Sennewald - NuWays AG - Analyst
: Okay, that's that's great to hear that helps me. A couple of questions for Tim. Tim you were just speaking of new mortgage loans, that the average
rate will further increase, so that implies that the rates you expect are above 4.35%, right?
Question: Philipp Sennewald - NuWays AG - Analyst
: Right, understood. And regarding your FSO target, this is now significantly lower than in the market update you provided in June where you gave
a mid-term outlook for 18 million in 2025. Is this GAAP mainly explained by Limus or what are possible other drivers?
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MARCH 20, 2025 / 9:00AM, DMRE.DE - Full Year 2024 Demire Deutsche Mittelstand Real Estate AG Earnings
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Question: Philipp Sennewald - NuWays AG - Analyst
: Yeah, I just wanted to ask for the reason that explains it perfect. Revaluation.
I mean, that's also hard to assess for you, but but you mentioned you might have saw the bottom and my estimates also have a neutral result for
this year. Do you think that is, that is reasonable?
Question: Philipp Sennewald - NuWays AG - Analyst
: All right. Thank you guys. That was very helpful. That's it on my side.
Question: Andre Remke - Baader Bank AG - Analyst
: Yeah, good morning, sir, and thanks for the presentation. A couple of questions from my side, please. First, to follow up on the vacancy rate, what
are the, potential cost to effect potential new tenants for the for the open space at the moment to get in something for this year.
Question: Andre Remke - Baader Bank AG - Analyst
: Okay. Second question on your disposal, which are not closed until the end, you mentioned 6 properties, 3 of them, not closed, until year end.
What is the volume for these remaining 3, and especially in comparison, to the last. And just question on that, do you have any further pipeline for
for disposal?
Question: Andre Remke - Baader Bank AG - Analyst
: Yeah, and what was the volume of the two which you mentioned which I already closed.
Question: Andre Remke - Baader Bank AG - Analyst
: And all the three properties are at the last stated value or -- Sorry, the selling price or the current value is it in line with book value?
Question: Andre Remke - Baader Bank AG - Analyst
: Okay. Then in the first quarter you mentioned report that you successfully refinance the the pending 35 million loan. What are the terms here?
Question: Andre Remke - Baader Bank AG - Analyst
: Okay, fine. And more general question, given the still high leverage, you made some progress last year, but looking at the not the bond LTV, but
put into that account also the shareholder loan and looking especially on the LTV of 70%.
This compares to a very low profitability already now. What is your strategy in general for for this next year to again repair the balance sheet or to
strengthen the balance sheet at least. Because the status quo seems not very satisfying at all, so to say, is a further disposals the key element, or
do you already work on some refinancing measures?
Question: Andre Remke - Baader Bank AG - Analyst
: Okay. And then last question for the Li portfolio, the the consolidation, could you remind me whether there are any further financial risks or even
chances of the consolidation and the right down.
Question: Andre Remke - Baader Bank AG - Analyst
: Okay excellent. That's from my side. Thank you very much sir.
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