Edition:
India

DIC Asset AG (DICn.DE)

DICn.DE on Xetra

16.24EUR
21 Jan 2020
Change (% chg)

€-0.26 (-1.58%)
Prev Close
€16.50
Open
€16.30
Day's High
€16.58
Day's Low
€16.14
Volume
336,379
Avg. Vol
188,171
52-wk High
€16.58
52-wk Low
€9.26

Latest Key Developments (Source: Significant Developments)

DIC Asset Resolves On Capital Increase
Monday, 20 Jan 2020 

Jan 20 (Reuters) - DIC ASSET AG ::RESOLVES ON CAPITAL INCREASE AGAINST CASH CONTRIBUTIONS OF UP TO 9.49 PERCENT.TO INCREASE COMPANY'S SHARE CAPITAL BY UP TO 9.49% BY ISSUING UP TO 6,857,774 NEW SHARES.TTL REAL ESTATE GMBH, WHICH BELONGS TO DEUTSCHE IMMOBILIEN CHANCEN GROUP, AND RAG FOUNDATION HAVE AGREED TO PURCHASE 2,336,248 AND 685,777 NEW SHARES IN BOOKBUILDING PROCESS.INTENDS TO USE EXPECTED NET PROCEEDS FROM OFFERING FOR COMPANY'S GROWTH STRATEGY, IN PARTICULAR TO FINANCE ACQUISITIONS FOR COMMERCIAL PORTFOLIO.NEW SHARES WILL BE OFFERED FOR PURCHASE EXCLUSIVELY TO INSTITUTIONAL INVESTORS IN A PRIVATE PLACEMENT BY WAY OF AN ACCELERATED BOOKBUILDING PROCESS.JOH. BERENBERG, GOSSLER & CO. KG IS ACTING AS SOLE GLOBAL COORDINATOR AND SOLE BOOKRUNNER FOR TRANSACTION.  Full Article

DIC Asset AG - FY Gross Rental Income From Commercial Portfolio C. EUR 102 Million
Monday, 20 Jan 2020 

DIC Asset AG ::FY GROSS RENTAL INCOME FROM COMMERCIAL PORTFOLIO: C. EUR 102 MILLION.FORECAST 2020: SUBSTANTIAL GROWTH IN FFO TO A RANGE OF EUR 104 MILLION TO EUR 106 MILLION.DIVIDEND PROPOSAL FOR FISCAL YEAR 2019: EUR 0.66 PER SHARE.TRANSACTION REACHES NEW RECORD LEVEL OF EUR 2.2 BILLION IN 2019.FFO OF EUR 95.0 MILLION ACHIEVED, YEAR-ON-YEAR INCREASE BY AROUND 40%.FORECAST 2020: SUBSTANTIAL GROWTH IN FFO TO A RANGE OF EUR 104 MILLION TO EUR 106 MILLION.ADJUSTED NAV REACHES 22.26 EURO PER SHARE IN 2019.  Full Article

DIC Asset Announces 2020 Forecast
Thursday, 16 Jan 2020 

Jan 16 (Reuters) - DIC ASSET AG ::FORECAST FOR THE FISCAL YEAR 2020.EITHER ACHIEVED OR EXCEEDED ALL OF ITS ANNUAL FORECAST TARGETS.ENDED YEAR WITH C. EUR 95 MILLION IN FUNDS FROM OPERATIONS, C. EUR 102 MILLION IN GROSS RENTAL INCOME AND TRANSACTION VOLUME OF EUR 2.2 BILLION.BUSINESS PLAN FOR 2020 PROJECTS A SIGNIFICANT GROWTH IN EARNINGS FOR 2020 FINANCIAL YEAR.ANTICIPATES A RISE OF FUNDS FROM OPERATIONS UP TO SOMEWHERE BETWEEN EUR 104 MILLION AND EUR 106 MILLION IN 2020.PLANNED ACQUISITION VOLUME IN AMOUNT OF C. EUR 1.6 BILLION TO EUR 1.9 BILLION IN 2020.EXPECTS TO SEE A RISE IN GROSS RENTAL INCOME AND AN INCREASE IN REAL ESTATE MANAGEMENT FEES OVER PRIOR YEAR.PLANNING TARGETED SALES ACROSS ALL SEGMENTS WITH A VOLUME OF AROUND EUR 400 MILLION IN 2020.2020 FINANCIAL YEAR WILL SEE FIRST FULL-YEAR CONSOLIDATION OF GEG GERMAN ESTATE GROUP AG.  Full Article

DIC Asset Sells Two Properties From Institutional Business
Thursday, 10 Oct 2019 

Oct 10 (Reuters) - DIC Asset AG ::DGAP-NEWS: DIC ASSET SELLS TWO PROPERTIES FROM INSTITUTIONAL BUSINESS FOR C. EUR 71 MILLION AFTER SUCCESSFUL ACTIVE REAL ESTATE MANAGEMENT.  Full Article

DIC Asset AG Presents Future Corporate Structure After Merger With GEG
Thursday, 22 Aug 2019 

Aug 22 (Reuters) - DIC Asset AG ::DGAP-NEWS: DIC ASSET AG PRESENTS FUTURE CORPORATE STRUCTURE AFTER MERGER WITH GEG.INSTITUTIONAL BUSINESS TO BE POOLED UNDER GEG BRAND.DIRK HASSELBRING TO TRANSFER TO MANAGEMENT BOARD OF GEG AND TO MANAGE INSTITUTIONAL BUSINESS TOGETHER WITH CHRISTIAN BOCK.SONJA WÄRNTGES TO CHAIR SUPERVISORY BOARD OF GEG.GROWTH IN ASSETS UNDER MANAGEMENT TO EUR 10 BILLION PLANNED FOR MEDIUM TERM.  Full Article

DIC Asset Buys Further Properties In Berlin And Bremen
Friday, 9 Aug 2019 

Aug 9 (Reuters) - DIC ASSET AG ::ACQUISITION VOLUME INCREASES BY C. EUR 152 MILLION FROM ACQUISITIONS IN BERLIN AND BREMEN.  Full Article

DIC Asset Successfully Places First Promissory Note Of EUR 150 Mln
Thursday, 18 Jul 2019 

July 18 (Reuters) - DIC Asset AG ::DGAP-NEWS: DIC ASSET AG SUCCESSFULLY PLACES FIRST PROMISSORY NOTE OF EUR 150 MILLION.DGAP-NEWS: DIC ASSET AG SUCCESSFULLY PLACES FIRST PROMISSORY NOTE OF EUR 150 MILLION.TRANSACTION SIGNIFICANTLY OVERSUBSCRIBED.FIRST-TIME PLACEMENT OF A SENIOR UNSECURED PROMISSORY NOTE WITH A TOTAL VOLUME OF EUR 150 MILLION.AVERAGE INTEREST EXPENSES OF 1.58% AND 5.4-YEAR MATURITY.TRANSACTION SIGNIFICANTLY OVERSUBSCRIBED.  Full Article

DIC Asset Sells 8 Pct Stake In TLG Immobilien
Monday, 29 Apr 2019 

April 29 (Reuters) - DIC ASSET AG ::REALIZES INCOME OF C. EUR 43.9 MN FROM SALE OF 8% STAKE IN TLG IMMOBILIEN AG.PROCEEDS TO BE INVESTED IN COMPANY'S OWN BUSINESS.PROCEEDS AMOUNTING TO EUR 214.8 MILLION.  Full Article

DIC Asset Confirms Forecast For 2019
Friday, 22 Mar 2019 

March 22 (Reuters) - DIC Asset AG ::CONFIRMS FORECAST FOR 2019 (FFO: EUR 70 - 72 MILLION).  Full Article

DIC Asset Completes Sale Of TLG Share Block To Ouram Holding S.À.R.L.
Tuesday, 19 Mar 2019 

March 19 (Reuters) - DIC Asset AG ::DGAP-NEWS: DIC ASSET AG: SALE OF TLG SHARE BLOCK TO OURAM HOLDING S.À.R.L. COMPLETED.RESULT OF TRANSACTION AT 32.9 MILLION EUR, DIRECTLY RECOGNIZED WITHIN RETAINED EARNINGS WITHOUT AFFECTING INCOME STATEMENT.IMPLEMENTATION OF SALE AND PURCHASE AGREEMENT WITH BEDROCK FOR SHARE BLOCK OF ABOUT 8% IN TLG IMMOBILIEN SCHEDULED FOR APRIL 2019.  Full Article