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DEFAMA Deutsche Fachmarkt (DEF) investor relations material
DEFAMA Deutsche Fachmarkt Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Pursues a buy-and-hold strategy focused on established retail and shopping centers with strong anchor tenants and low vacancy rates, primarily in small to mid-sized cities.
Achieved 16 acquisitions in 2025, expanding the portfolio to 91 properties with a 95% occupancy rate and annualized net cold rent of €28 million.
Revenue for the first nine months of 2025 rose to €23.0 million, up from €19.9 million year-over-year.
Net income reached €4.0 million, slightly above the prior year, including positive one-time effects from property sales.
Multiple acquisitions, successful leasing activities, and redevelopment projects contributed to growth.
Financial highlights
Portfolio value increased 19% year-over-year to €342 million as of September 30, 2025.
Revenue for the first nine months of 2025 rose 15% to €23.0 million compared to the same period last year.
FFO increased 7% to €8.2 million, or €1.71 per share, with FFO per share up from €1.59 last year.
EPS for the period was €0.83, up from €0.81 year-over-year.
NAV per share rose to €28.34 from €27.64 at year-end 2024.
Outlook and guidance
Full-year 2025 targets reaffirmed: net income (HGB) over €5 million, FFO above €11 million, and dividend above €0.60 per share.
Long-term plan for 2030: portfolio value of €500 million, annualized rental income of €42 million, and FFO of at least €19 million or over €4.00 per share.
Additional acquisitions and ongoing redevelopment projects expected to boost future rental income.
Company well-positioned to benefit from market volatility and rising inflation due to index-linked leases.
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