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: Kai Klose - Berenberg Bank - Analyst
: Yes, good morning, gentlemen. Thanks for the presentation. A couple of questions for me. The first one just in order to clarify and because you
were talking about transactions and the lack of potential investment opportunities.
Do you see yourself as a buyer looking ahead or more as a willing seller in the context of having more than EUR100 million of debt expiries annually
in '24, '25, '26, with the financing costs will go up and your net profit and cash earnings will somewhat evaporate given the higher financing costs.
Just to clarify where you -- on which side of the table you see yourself as a buyer or the seller?
Question: Kai Klose - Berenberg Bank - Analyst
: But how do you want to invest in the context of having upcoming debt expiries? Or to put the other -- question the other way around, how many
properties have you put up for sale and have not been able to execute because you're asking for [that's] way too high?
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Question: Kai Klose - Berenberg Bank - Analyst
: And how many properties have Deutsche Konsum put for sale -- has put up for sale and has not been able to sell yet?
Question: Kai Klose - Berenberg Bank - Analyst
: And two more questions from my side. First, could you indicate why you decided to change the date of the valuation of the portfolio towards
September? Is it that you want to have the CapEx investments completed to see a bit of a stabilization in asset values here, or for any other reasons?
Question: Kai Klose - Berenberg Bank - Analyst
: And the last question from my side is on the ex-Real asset in Trier. How much you intend to spend or need to spend to facilitate the transaction
coming to an end? And the second question on the letting volumes, you mentioned that you have -- which WALT remains fairly stable.
How much your EBITDA went out and/or to extend? And what was the average extension in years as well as the rental reversionary -- rent reversion
compared to the (technical difficulty) Thank you.
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Question: Kai Klose - Berenberg Bank - Analyst
: Okay, yeah. Last one to clarify, what was the amount of expiring leases in Q3, and you were able to extend or not in Q3? So just then, was it 5,000,
10,000 square meters, or do you have any number on that?
Question: Kai Klose - Berenberg Bank - Analyst
: Thanks so much.
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