Deutsche EuroShop Reports Positive 2024 Financial Results

Deutsche EuroShop AG, a key player in the shopping center investment sector, has shared its audited financial report for 2024. The company's performance surpassed expectations, despite a challenging market environment. Footfall at shopping centers increased by 0.6%, while tenant retail turnover rose by 2.5%, highlighting a successful year.

The occupancy rate climbed 2.4 percentage points to 95.4% due to significant investments in modernization, with major improvements at centers like the A10 Center and Rhein-Neckar-Zentrum. Despite a slight 0.7% decline in revenue to €271.4 million, EBIT still saw a 1.7% increase.

Improved asset valuation resulted in a smaller loss of €14.6 million compared to €209.1 million the previous year. The company also released its Green Finance Framework, aligning sustainability with financial strategies. The board has proposed a dividend of €1.00 per share for 2024.