DIC Asset Aktiengesellschaft · Real estate company

DIC Asset
DIC Asset
DIC Asset
DIC Asset
DIC Asset

DIC ASSET AG – STRATEGY

DIC Asset AG specialises in commercial real estate, particularly office property, in Germany. We are currently managing real estate assets of EUR 3.6 billion, with around 200 properties. Our investment strategy aims to develop a quality-oriented, high-yield and regionally diversified portfolio.

We look after our tenants directly and increase the value of our properties through our in-house property management service, with our own teams working from six branches. Proximity to our tenants and regional markets gives us a significant edge, when it comes to regional knowledge and expertise, over our national and international competitors who may be located far away.

The aim of our activities is to secure and increase our rental income and returns, as well as the value of our properties and co-investments. In order to achieve this aim, we monitor and manage the entire value-creation chain – from acquisition
and real estate management through to sale – and the deployment of resources.

The property portfolio comprises of two segments :

Commercial Portfolio
The Commercial portfolio (EUR 2.0 billion) contains the real estate held as inventory on a long-term basis with stable, attractive rental yields that generate a continuous cash flow for the company. We secure the value of our investment property and take advantage of value creation potential.

Co-Investments
The Co-Investments segment (EUR 1.6 billion) comprises fund investments (accounting for a share of EUR 1.3 billion), joint-venture investments, and interests in development projects. As a rule, DIC Asset AG takes a minority holding in the investments. Whilst the Funds business is geared towards attractive core investments in the major business centres, the joint venture investments are repositioned on the market via project developments, reletting and refurbishment measures. DIC Asset AG regularly realises fees from investment and real estate management services as well as steady profits from investments.

Facts and figures at a glance

(accounting principles in accordance with International Financial Reporting Standards - IFRS)

Key Figures in EUR million
2012 2013  2014  2015
2016
Gross rental income 126.5 125.2 147.5 136.7 111.2
Real estate management fees
5.7 6.5 5.2 7.3 21.5
Proceeds from sales of property 75.7 81.1 90.5 201.3 318.1
Profits on property disposals 3.8 7.6 6.8 14.9 23.2
Share of the profit of associates 1.8 1.6 6.6 7.7 2.3
FFO (Funds from operations)
44.9 45.9 47.9 49.0 47.0
EBITDA
102.1 106.3 128.3 126.6 114.9
EBIT
68.5 70.9 85.2 83.9 79.6
EPRA earnings 41.7 45.5 47.6 47.6 44.1
Adjusted profit for the period 11.8 16.0 14.0 20.7 26.9
Total assets 2,210.2 2,596,0 2,537.0 2,456.1 2,395.5
Equity 614.3 793.1 774.8 792.1 757.0
Net Asset Value
685.4 862.4 864.8 884.1 880.0


Quicklinks

Company Presentation
(PDF) >>

Quarterly Statement Q1 2017
(PDF) >>

Annual report 2016
(PDF) >>

Sustainability Report
(PDF) >>


Contact

DIC Asset AG
Neue Mainzer Straße 20 • MainTor
60311 Frankfurt am Main

Tel. +49 69 9 45 48 58-0
Fax +49 69 9 45 48 58-99 98

e-Mail: info@dic-asset.de


Public Relations

Andre Zahlten
Head of Corporate Communications and Marketing

Tel. +49 69 9 45 48 58-14 35
e-Mail:


© 2017 DIC Asset AG