Demire: valuation drives EBT
Demire almost doubled its FFO after tax and before minorities to €18.3mn up to and including September. The reasons given were an increase in rental earnings, lower interest rates, lower administrative costs and a lower tax burden. On a like-for-like basis contractual rents rose 2.5%. Demire is even reporting a six-fold increase in EBT to €66.3mn, the main driver for this being a portfolio appreciation of €70.5mn. The Executive Board confirms the increased FFO forecast of €23mn to €24mn.
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