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DEUTSCHE KONSUM REIT-AG - DKR examines further options for action after the decision of the fiscal court

Release Date: 18/07/2023 07:06
Code(s): DKR     PDF:  
Wrap Text
DKR examines further options for action after the decision of the fiscal court

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”)

DKR EXAMINES FURTHER OPTIONS FOR ACTION AFTER THE DECISION OF THE
FISCAL COURT

DKR was informed yesterday by the Berlin-Brandenburg Fiscal Court that DKR's action for a
suspension of execution in the REIT litigation has been dismissed. No appeal was allowed by
the Fiscal Court.

Accordingly, DKR must pay income taxes for the years 2016 to 2020 (EUR 9.8 million) and
make advance tax payments for the years 2022 and 2023 (EUR 6.2 million). DKR had already
formed corresponding provisions for this as a precaution.

Irrespective of the outcome of the suspension of execution proceedings, DKR is currently
examining further possibilities and prospects of success in the higher court proceedings in the
main case concerning the recognition of the REIT status challenged by the Potsdam tax
authorities.

Statements on possible effects on the tax assessments for shareholders cannot be made at
present. It is recommended to check this individually with a tax advisor.

About the Company
Deutsche Konsum REIT-AG, 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.

The shares of the Company are listed on the Prime Standard of Deutsche Börse (ISIN:
DE000A14KRD3) and on the JSE (JSE Limited) (South Africa) by way of a secondary listing.

Contact:
Deutsche Konsum REIT-AG
Mrs. Stefanie Frey
Investor Relations
August-Bebel-Str. 68
14482 Potsdam
Tel: 0331 / 74 00 76 - 533
Fax: 0331 / 74 00 76 - 520
E-Mail: sf@deutsche-konsum.de

Potsdam, 18 July 2023

JSE Sponsor
PSG Capital

Date: 18-07-2023 07:06:00
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