Defama increases FFO by 27 %
Deutsche Fachmarkt AG (Defama) has increased its funds from operations (FFO) by 27 % to €2.20mn during the first half of the year. Revenue increased compared to the previous year’s period from €4.23mn to €5.47mn, pre-tax earnings from €1.08mn to €1.33mn. Included in the balance for the first half-year of 2019 were the proceeds from 30 existing properties. Starting mid-July, the Dinslaken retail park will contribute to the balance for the first time, the local supply center Sternberg will most likely be included in the final quarter of the year. By late 2019 the FFO is forecast to be at least €5.0mn.
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