Deutsche Konsum REIT-AG Receives EUR 7.4 Million Loan Repayment

Deutsche Konsum REIT-AG (DKR) has announced the receipt of a EUR 7.4 million repayment from Obotritia Capital KGaA. This transaction reduces the outstanding loan amount to EUR 15.9 million, which is due by 31 December 2025. DKR had previously made a provision against the loan receivable by 30 September 2023. The recent repayment, along with EUR 30.6 million received in October 2024, generates extraordinary income due to the reversal of the provision. This effect will be reported as income of approximately EUR 28.2 million in the 2023/2024 financial statements.

The funds received will be utilized to reduce debt and enhance the company's balance sheet. DKR focuses on acquiring, managing, and developing German retail properties, particularly targeting local supply properties to maintain continuous performance.