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DIC Asset AG (DICn.DE)

DICn.DE on Xetra

11.12EUR
13 Sep 2019
Change (% chg)

€-0.10 (-0.89%)
Prev Close
€11.22
Open
€11.28
Day's High
€11.30
Day's Low
€11.10
Volume
229,042
Avg. Vol
169,488
52-wk High
€12.52
52-wk Low
€8.76

Latest Key Developments (Source: Significant Developments)

DIC Asset H1 FFO Increase By 34% To EUR 43.0 Mln
Thursday, 1 Aug 2019 

Aug 1 (Reuters) - DIC Asset AG ::DGAP-NEWS: DIC ASSET AG: ROBUST PERFORMANCE DELIVERS SIGNIFICANTLY ENHANCED EARNINGS - 34% INCREASE IN FFO TO EUR 43 MILLION DURING H1 2019.H1 FUNDS FROM OPERATIONS (FFO) INCREASE BY 34% TO EUR 43.0 MILLION (H1 2018: EUR 32.0 MILLION).FORECAST FOR 2019 RAISED: EUR 88-90 MILLION IN FFO, ACQUISITION TARGET RAISED AGAIN TO NOW C. EUR 1.3 BILLION.FORECAST FOR 2019 RAISED: EUR 88-90 MILLION IN FFO, ACQUISITION TARGET RAISED AGAIN TO NOW C. EUR 1.3 BILLION.H1 PROFIT FOR PERIOD ROSE BY 8% TO EUR 25.9 MILLION (H1 2018: EUR 23.9 MILLION).GROWTH IN ASSETS UNDER MANAGEMENT BY 27% TO EUR 7.1 BILLION (31 DECEMBER 2018: EUR 5.6 MILLION).GROSS RENTAL INCOME NEARLY MATCHED LEVEL OF PRIOR-YEAR PERIOD AT EUR 49.7 MILLION (H1 2018: EUR 50.3 MILLION).  Full Article

DIC Asset Finalizes Acquisition Of GEG
Wednesday, 3 Jul 2019 

July 3 (Reuters) - DIC ASSET AG ::ACQUISITION OF GEG CONCLUDED - FURTHER PREMIUM PROPERTIES IN MUNICH AND FRANKFURT PURCHASED IN A VOLUME OF EUR 140 MILLION.ACQUISITION OF GEG CONCLUDED - FURTHER PREMIUM PROPERTIES IN MUNICH AND FRANKFURT PURCHASED IN A VOLUME OF EUR 140 MILLION.HAS ACQUIRED GEG GERMAN ESTATE GROUP ("GEG") WITH A CONTRACT DATED 05 JUNE 2019.TRANSACTION HAS NOW BEEN FINALISED AS PLANNED.  Full Article

DIC Asset To Buy GEG German Estate
Monday, 24 Jun 2019 

June 24 (Reuters) - DIC ASSET AG ::DIC ASSET AG HAS SIGNED CONTRACT TO BUY GEG GERMAN ESTATE GROUP AG ON 5^TH OF JUNE 2019.TRANSACTION IS EXPECTED TO BE CLOSED END OF JUNE 2019.  Full Article

TTL Beteiligungs- und Grundbesitz-AG And KKR Sell GEG Group To DIC Asset
Wednesday, 5 Jun 2019 

June 5 (Reuters) - TTL Beteiligungs und Grundbesitz AG ::DGAP-ADHOC: TTL BETEILIGUNGS- UND GRUNDBESITZ-AG: TTL GROUP AND CO-SHAREHOLDER KKR SELL GEG GROUP TO DIC ASSET AG GROUP.PURCHASE PRICE FOR GEG AMOUNTS TO EUR 225 MILLION..TTL BETEILIGUNGS UND GRUNDBESITZ - FOR TTL REAL ESTATE GMBH, WHICH HOLDS A 75 PERCENT STAKE IN GEG, THIS RESULTS IN A PLANNED NET CASH INFLOW OF APPROXIMATELY EUR 156 MILLION.APPROXIMATELY EUR 78 MILLION OF CASH INFLOW ARE ATTRIBUTABLE TO TTL AG AS HOLDING COMPANY.  Full Article

DIC Asset Acquires GEG German Estate Group From TTL Real Estate And KKR
Wednesday, 5 Jun 2019 

June 5 (Reuters) - DIC ASSET AG ::ACQUIRES GEG GERMAN ESTATE GROUP FROM TTL REAL ESTATE AND KKR.  Full Article

DIC Asset: Swiss Prime Site's CEO Rene Zahnd To Join Supervisory Board
Thursday, 23 May 2019 

May 23 (Reuters) - DIC ASSET AG ::RENÉ ZAHND - CEO OF SWISS PRIME SITE AG - TO JOIN SUPERVISORY BOARD OF DIC ASSET AG.  Full Article

DIC Asset Q1 FFO Rises By 25% To EUR 17.0 Mln
Friday, 3 May 2019 

May 3 (Reuters) - DIC Asset AG ::DIVIDEND 0.48 EURPER SHARE.Q1 FUNDS FROM OPERATIONS (FFO) RISE BY 25% TO EUR 17.0 MILLION.REAFFIRMS ITS FORECAST FOR 2019.ASSETS UNDER MANAGEMENT (AUM) TOTALLED EUR 5.6 BILLION AS OF 31 MARCH 2019 (31 DECEMBER 2018: EUR 5.6 BILLION).Q1 CONSOLIDATED INCOME OF EUR 9.2 MILLION MATCHED PRIOR-YEAR LEVEL DESPITE LOWER PROFITS ON PROPERTY DISPOSALS.  Full Article

DIC Asset: Total Dividend For 2018 Adds Up To EUR 0.48/Shr
Friday, 26 Apr 2019 

April 26 (Reuters) - DIC Asset AG ::DGAP-NEWS: DIC ASSET AG: SHAREHOLDERS EMPHASIZE THEIR TRUST IN THE COMPANY DEVELOPMENT - AROUND 50% ACCEPTANCE RATE FOR SCRIP DIVIDEND.SCRIP DIVIDEND ACCEPTANCE RATE OF AROUND 50%, INCREASE OF 13% YEAR-ON-YEAR.1,687,527 NEW NO-PAR VALUE SHARES ISSUED (CAPITAL INCREASE OF AROUND 2.4%).TOTAL DIVIDEND FOR 2018 FINANCIAL YEAR ADDS UP TO EUR 0.48 PER SHARE.  Full Article

DIC Asset Signs Agreements With View To Disposal Of About 14% In TLG Immobilien
Thursday, 6 Dec 2018 

Dec 6 (Reuters) - DIC Asset AG ::DGAP-ADHOC: DIC ASSET AG: DIC ASSET AG GROUP SIGNS AGREEMENTS WITH A VIEW TO THE DISPOSAL OF A PARTICIPATION OF APPROXIMATELY 14% IN TLG IMMOBILIEN AG.SIGNED AGREEMENTS FOR A PURCHASE PRICE WHICH IS HIGHER THAN CURRENT STOCK EXCHANGE PRICE.RESULTING SUBSTANTIAL PROFIT GOES DIRECTLY INTO BALANCE SHEET PROFIT OF DIC ASSET AG GROUP.TOTAL PURCHASE PRICE HAS MAGNITUDE OF APPROXIMATELY EUR 376,000,000.PROCEEDS WILL BE USED FOR GROWTH OF BUSINESS OF DIC ASSET AG..CLOSING OF TRANSACTIONS IS EXPECTED TO TAKE PLACE AT END OF Q1/BEGINNING OF Q2 2019 AT LATEST.  Full Article

DIC Asset AG Says 9 Months Gross Rental Income At EUR 75.2 Million
Thursday, 8 Nov 2018 

Nov 8 (Reuters) - DIC Asset AG ::SAYS 9 MONTHS GROSS RENTAL INCOME EUR 75.2 MILLION VERSUS EUR 85.7 MILLION YEAR AGO.SAYS 9 MONTHS EBITDA EUR 89.5 MILLION VERSUS EUR 88.0 MILLION YEAR AGO.SAYS 9 MONTHS CONSOLIDATED NET INCOME EUR 33.9 MILLION VERSUS EUR 33.4 MILLION YEAR AGO.SAYS BY 30 SEPTEMBER, THE ASSETS UNDER MANAGEMENT REACHED EUR 5.1 BILLION, A 24% INCREASE COMPARED TO THE PRIOR-YEAR PERIOD.SAYS NET INTEREST RESULT WAS SLIGHTLY ELEVATED AT EUR -27.5 MILLION BY THE END OF THE FIRST NINE MONTHS OF 2018 (9M 2017: EUR -26.2 MILLION).  Full Article

Deals of the day-Mergers and acquisitions

June 5 The following bids, mergers, acquisitions and disposals were reported by 13:00 GMT on Wednesday: