Deutsche EuroShop (0I3Z) Earnings Call Presentation

Financial Performance (3M 2025) - Revenue increased to €66.3 million (+0.4%) [4], while EBIT decreased to €53.4 million (-1.7%) [4] and FFO decreased to €38.3 million (-8.4%) [4] - The company proposes a dividend of €1.00 per share for FY 2024 [8] - Consolidated profit increased by €161.8 million, with earnings per share increasing from €-0.51 to €1.62 [64] - FFO decreased from €171.3 million to €157.1 million [70], with FFO per share decreasing from €2.28 to €2.06 [70] Portfolio and Valuation - Property valuation remained stable at €4.1 billion (FY 2024) [4] - Occupancy rate is at 94.8% [4] - The company completed a share buyback program, acquiring 720,465 shares at an average price of €20.82, totaling €15.0 million [8] - EPRA NTA per share decreased to €29.02 (-8.1%) [77] Retail and Operational Metrics - Footfall decreased by 3.4% and retail sales decreased by 0.4%, attributed to later Easter holidays and a mild winter [4] - Total debt is €1.808 billion with an average interest rate of 2.76% and a weighted maturity of 5.5 years [78] - Revenues decreased by €1.9 million to €271.4 million [47] Financing and Liquidity - The company has a solid cash position of €221.7 million after dividend payments of €346.6 million in 2024 [8] - LTV is at 38.5% [8]