DEUTSCHE KONSUM REIT-AG - Deutsche Konsum Reit-AG Acquires Three Food Anchored Retail Properties

Deutsche Konsum Reit-AG Acquires Three Food Anchored Retail Properties

DEUTSCHE KONSUM REIT-AG
(Incorporated in the Federal Republic of Germany)
(Registration number HRB 13072)
FSE Share Code: A14KRD
JSE Share Code: DKR
ISIN: DE000A14KRD3
LEI: 529900QXC6TDASMCSU89
(“DKR” or “the Company”)

DEUTSCHE KONSUM REIT-AG ACQUIRES THREE FOOD ANCHORED RETAIL PROPERTIES

Potsdam, 7 March 2022 – DKR has acquired a discounter in Gotha (Thuringia), a local retail
centre in Meinerzhagen (North Rhine-Westphalia) and a local retail property in Stadtroda
(Thuringia) by notarial deeds in individual transactions.

The main tenant of the property in Gotha is the REWE subsidiary Penny. The local retail centre
in Meinerzhagen is let, among others, to ALDI, KiK and Deichmann. A Norma grocery store is
the anchor tenant at the fully let property in Stadtroda.

The purchase price of the three properties, which have a combined rental area of around 7,200
sqm, totals approx. EUR 6.5 million. Taking into account an annualised rent of currently TEUR
557, this results in an average acquisition yield of 8.6% with a WALT of 4.3 years and a
vacancy rate of 1.6%.

In the current financial year 2021/2022, DKR has thus already acquired 13 non-cyclical and
mainly food-anchored retail properties with a rental area of around 52,300 sqm and an annual
rent of approximately EUR 3.8 million for around EUR 44.4 million, which corresponds to an
initial yield of 8.5% on average. The average WALT is 5.8 years with a vacancy rate of around
7.4%.

Taking into account all notarised acquisitions and sales, the pro forma portfolio now comprises
a total of 176 properties with a total lettable area of approx. 1.03 million sqm and a balance
sheet value of EUR 991 million. The portfolio currently generates an annual rent of EUR 72.5
million.

DKR's acquisition pipeline continues to be well filled and the Company is in advanced
acquisition processes. Simultaneously, selective property disposals are continuously being
evaluated.

About Deutsche Konsum

DKR, Broderstorf, is a listed real estate company focusing on German retail properties for
everyday goods in established micro-locations. The focus of the Company's activities is on the
acquisition, management and development of local retail properties with the aim of achieving
a steady increase in value and the lifting of hidden reserves.

Due to its German REIT status ('Real Estate Investment Trust'), the Company is exempt from
German corporation and trade tax. The shares of the Company are listed on the Prime
Standard of Deutsche Börse (ISIN: DE 000A14KRD3) and on the JSE (JSE Limited)
(South Africa) by way of a secondary listing.

Contact:
Deutsche Konsum REIT-AG
Stefanie Frey
Investor Relations
E-Mail: sf@deutsche-konsum.de
Phone: +49 (0) 331 74 00 76 - 533

Potsdam, 7 March 2022

JSE Sponsor
PSG Capital

Date: 07-03-2022 08:10:00
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