Deutsche Konsum REIT : Quarterly statement for the first quarter of 2022/2023 financial year

Contents
Corporate key figures	3
Quarterly statement for the period from 1 October 2022 to 31 December 2022	5
1.	The share	5
2.	Business development	6
3.	Development of asset, financial and earnings position	7
4.	Supplementary report	11
5.	Risk situation	11
6.	Outlook and forecast	11
7.	Headline Earnings per share (HEPS)	12
Interim financial statements for the period from 1 October 2022 to 31 December 2022 of the 2022/2023
financial year	13
About Deutsche Konsum REIT-AG	20
Deutsche Konsum REIT-AG share	20
Financial calender	20
Publisher	21
Contact	21
JSE Sponsor	21
Disclaimer	21

2

Corporate key figures

Deutsche Konsum REIT-AG, Broderstorf

Key figures

	1 October 2022 -	1 October 2021 -
	31 December 2022	31 December 2021	Difference	%
Income statement
(TEUR)
Rental income	18,681	18,286	395	2.2
Net rental income	13,004	12,958	46	0.4
EBIT	10,775	11,890	-1,115	-9.4
Financial result	-2,523	-2,088	-435	20.8
Net income	8,252	9,801	-1,550	-15.8
FFO	10,166	10,719	-553	-5.2
FFO per share (in EUR)	0.29	0.30	-0.02	-5.2
aFFO	2,154	7,647	-5,494	-71.8
aFFO per share (in EUR)	0.06	0.22	-0.16	-71.8
Earnings per share, undiluted (in	0.23	0.28	-0.04	-15.8
EUR)
Earnings per share, diluted (in EUR)	0.17	0.20	-0.03	-16.0
Recurring costs ratio (in %)	4.8	4.2	0.5	12.6

	31 December 2022	30 September 2022	Difference	%
Balance sheet key figures (TEUR)
Investment properties	1,095,198	1,030,959	64,239	6.2
Total assets	1,222,236	1,181,814	40,422	3.4
Equity	522,551	514,300	8,252	1.6
Total debt	659,077	636,667	22,410	3.5
Finance key figures
(net) Loan-to-Value (LTV) (in %)	51.3	49.7	1.6	3.2
Average interest rate of loans (in %)	1.95	1.63	0.31	19.1
Average interest rate of loans, bonds	2.32	1.98	0.34	16.9
and convertible bonds (in %)
Average remaining duration of loans	3.1	3.2	-0.1	-2.6
(in years)
Interest coverage ratio (ICR), multiple	4.3	5.2	-0.9	-17.7
Net debt/operating EBITDA	14.8	13.3	1.5	11.3
Real estate key figures
NAV	522,551	514,300	8,252	1.6
NAV per share (in EUR)	14.86	14.63	0.23	1.6
EPRA NTA per share (in EUR)	11.14	10.98	0.17	1.5
REIT equity ratio	47.2	48.9	-1.8	-3.7
			3

Share information
Shares issued (pieces)	35,155,938	35,155,938	0	0.0
Average number of shares within the	35,155,938	35,155,938	0	0.0
reporting period (pieces)
Market cap (in EUR)	265,778,891	298,825,473	-33,046,582	-11.1
Share price (in EUR)	7.56	8.50	-0.94	-11.1
Dividend per share in the reporting	0.00	0.00	0.00	0.0
period (in EUR)
Portfolio key figures
Number of assets	185	175	10	5.7
Rental space (in sqm)	1,094,955	1,048,312	46,643	4.4
Annualised rent (in TEUR)	77,768	73,249	4,518	6.2
Initial yield (in %)	10.0	10.0	0.0	-0.2
Vacancy rate (in %)	12.0	11.7	0.2	1.9
WALT (in years)	5.0	5.2	-0.1	-2.5

4

Quarterly statement for the period from 1 October 2022 to 31 December 2022

The following interim statement of Deutsche Konsum REIT-AG (hereinafter also referred to as "Deutsche Konsum" or "Company") describes the significant course of business and the asset, financial and earnings position of the first three months of the 2022/2023 financial year ("Q1 2022/2023"). The interim financial statements have been prepared in accordance with IFRSs as adopted by the EU. The interim financial statements have not been audited.

1. The share

DKR share with volatile sideways movement

In the first quarter of the 2022/2023 financial year, the DKR share recorded further price losses. Starting from the closing price on 30 September 2022 (EUR 8.50)1, the DKR share was unable to escape the broad price losses in the real estate sector and closed on the last trading day of the quarter, 30 December 2022, at a closing price of EUR 7.562, close to the year's low of EUR 7.403.

Based on the share price as of 30 September 2022, the share price fell by EUR 0.94 or 11.1% in the reporting period. The closing price of the first quarter of the 2021/2022 financial year was EUR 14.00, which represents an annualised share price decline of EUR 6.44 or 46.0%. Since the IPO on 15 December 2015, the share price has risen by EUR 4.06 or 116.0%. The market capitalisation of the Company as of the balance sheet date was approximately EUR 265 million. The development of the average trading volume of the share on the Xetra stock exchange, on the other hand, was very pleasing: Compared to the first quarter of the 2021/2022 financial year, the average daily trading volume increased by 134.3% to 14,161 shares, which significantly improves the tradability of the share.

• Closing price Xetra.

• Closing price Xetra.

• Variable price Xetra as of 29 December 2022.

5