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Deutsche Konsum REIT-AG

BATS-CHIXE:DKGD
Snowflake Description

Undervalued with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DKGD
BATS-CHIXE
€462M
Market Cap
  1. Home
  2. GB
  3. Real Estate
Company description

Deutsche Konsum REIT-AG, a real estate investment trust, engages in the acquisition, leasing and management, and sale of retail properties in Germany. The last earnings update was 52 days ago. More info.


Add to Portfolio Compare Print
  • Deutsche Konsum REIT-AG has significant price volatility in the past 3 months.
DKGD Share Price and Events
7 Day Returns
-0.4%
BATS-CHIXE:DKGD
-4.2%
GB REITs
-2.2%
GB Market
1 Year Returns
-
BATS-CHIXE:DKGD
-24.5%
GB REITs
-25.9%
GB Market
DKGD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Deutsche Konsum REIT-AG (DKGD) -0.4% -22.2% -14.1% - - -
GB REITs -4.2% -24.9% -31.9% -24.5% -23.5% -30%
GB Market -2.2% -20.3% -29.5% -25.9% -26.6% -26.1%
1 Year Return vs Industry and Market
  • No trading data on DKGD.
  • No trading data on DKGD.
Price Volatility
DKGD
Industry
5yr Volatility vs Market

Value

 Is Deutsche Konsum REIT-AG undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Deutsche Konsum REIT-AG to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Deutsche Konsum REIT-AG.

BATS-CHIXE:DKGD Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity using Funds From Operations
Levered Funds From Operations Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 4.9%
Perpetual Growth Rate 10-Year GB Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BATS-CHIXE:DKGD
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 5.4%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.45
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.45 (1 + (1- 30%) (84.58%))
0.637
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (0.8 * 5.44%)
4.88%

Discounted Cash Flow Calculation for BATS-CHIXE:DKGD using 2 Stage Free Cash Flow to Equity using Funds From Operations Model

BATS-CHIXE:DKGD Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:DKGD represents 0.96886x of XTRA:DKG
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.96886x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 44.48 x 0.96886
€43.09
Value per share (EUR) From above. €43.09
Current discount Discount to share price of €14.00
= -1 x (€14.00 - €43.09) / €43.09
67.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Deutsche Konsum REIT-AG is available for.
Intrinsic value
>50%
Share price is €14 vs Future cash flow value of €43.09
Current Discount Checks
For Deutsche Konsum REIT-AG to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Deutsche Konsum REIT-AG's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Deutsche Konsum REIT-AG's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Deutsche Konsum REIT-AG's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Deutsche Konsum REIT-AG's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:DKGD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €1.76
XTRA:DKG Share Price ** XTRA (2020-04-02) in EUR €14.45
United Kingdom of Great Britain and Northern Ireland REITs Industry PE Ratio Median Figure of 38 Publicly-Listed REITs Companies 12.58x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 748 Publicly-Listed Companies 12.31x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Deutsche Konsum REIT-AG.

BATS-CHIXE:DKGD PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= XTRA:DKG Share Price ÷ EPS (both in EUR)

= 14.45 ÷ 1.76

8.21x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Deutsche Konsum REIT-AG is good value based on earnings compared to the GB REITs industry average.
  • Deutsche Konsum REIT-AG is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Deutsche Konsum REIT-AG's expected growth come at a high price?
Raw Data
BATS-CHIXE:DKGD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.21x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
8.4%per year
United Kingdom of Great Britain and Northern Ireland REITs Industry PEG Ratio Median Figure of 22 Publicly-Listed REITs Companies 0.58x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 518 Publicly-Listed Companies 0.97x

*Line of best fit is calculated by linear regression .

BATS-CHIXE:DKGD PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.21x ÷ 8.4%

0.98x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Deutsche Konsum REIT-AG is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Deutsche Konsum REIT-AG's assets?
Raw Data
BATS-CHIXE:DKGD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €10.13
XTRA:DKG Share Price * XTRA (2020-04-02) in EUR €14.45
United Kingdom of Great Britain and Northern Ireland REITs Industry PB Ratio Median Figure of 54 Publicly-Listed REITs Companies 0.73x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,323 Publicly-Listed Companies 1.06x
BATS-CHIXE:DKGD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= XTRA:DKG Share Price ÷ Book Value per Share (both in EUR)

= 14.45 ÷ 10.13

1.43x

* Primary Listing of Deutsche Konsum REIT-AG.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Deutsche Konsum REIT-AG is overvalued based on assets compared to the GB REITs industry average.
X
Value checks
We assess Deutsche Konsum REIT-AG's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. Deutsche Konsum REIT-AG has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Deutsche Konsum REIT-AG expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
8.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Deutsche Konsum REIT-AG expected to grow at an attractive rate?
  • Deutsche Konsum REIT-AG's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Deutsche Konsum REIT-AG's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Deutsche Konsum REIT-AG's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
BATS-CHIXE:DKGD Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:DKGD Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 8.4%
BATS-CHIXE:DKGD Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 15.6%
United Kingdom of Great Britain and Northern Ireland REITs Industry Earnings Growth Rate Market Cap Weighted Average 25.5%
United Kingdom of Great Britain and Northern Ireland REITs Industry Revenue Growth Rate Market Cap Weighted Average 4.8%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 15.4%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 2.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BATS-CHIXE:DKGD Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BATS-CHIXE:DKGD Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-09-30 86 1
2022-09-30 81 54 70 2
2021-09-30 66 45 68 3
2020-09-30 52 37 65 1
2020-04-05
BATS-CHIXE:DKGD Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 52 28 54
2019-09-30 50 27 53
2019-06-30 41 23 56
2019-03-31 39 18 36
2018-12-31 39 17 34
2018-09-30 34 15 31
2018-06-30 28 15 30
2018-03-31 24 15 38
2017-12-31 22 13 37
2017-09-30 19 12 37
2017-06-30 17 12 53
2017-03-31 15 9 26

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Deutsche Konsum REIT-AG's earnings are expected to grow by 8.4% yearly, however this is not considered high growth (20% yearly).
  • Deutsche Konsum REIT-AG's revenue is expected to grow by 15.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BATS-CHIXE:DKGD Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Deutsche Konsum REIT-AG Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:DKGD Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-09-30
2022-09-30 2.09 2.19 1.99 2.00
2021-09-30 2.05 2.11 1.92 3.00
2020-09-30 2.02 2.02 2.02 1.00
2020-04-05
BATS-CHIXE:DKGD Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 1.76
2019-09-30 1.79
2019-06-30 1.92
2019-03-31 1.28
2018-12-31 1.21
2018-09-30 1.15
2018-06-30 1.16
2018-03-31 1.50
2017-12-31 1.57
2017-09-30 1.66
2017-06-30 2.57
2017-03-31 1.41

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Deutsche Konsum REIT-AG is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Deutsche Konsum REIT-AG's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Deutsche Konsum REIT-AG has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Deutsche Konsum REIT-AG performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Deutsche Konsum REIT-AG's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Deutsche Konsum REIT-AG has delivered over 20% year on year earnings growth in the past 5 years.
  • Deutsche Konsum REIT-AG's 1-year earnings growth exceeds its 5-year average (60.9% vs 40.5%)
  • Deutsche Konsum REIT-AG's earnings growth has exceeded the GB REITs industry average in the past year (60.9% vs -21.6%).
Earnings and Revenue History
Deutsche Konsum REIT-AG's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Deutsche Konsum REIT-AG Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:DKGD Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 52.23 53.98 1.13
2019-09-30 49.78 53.14 1.01
2019-06-30 41.30 55.69 0.99
2019-03-31 38.90 36.04 0.96
2018-12-31 38.88 33.55 0.84
2018-09-30 33.87 30.92 0.84
2018-06-30 28.23 30.08 0.58
2018-03-31 23.98 38.19 0.49
2017-12-31 22.21 37.13 0.44
2017-09-30 19.26 37.41 0.32
2017-06-30 17.29 53.34 0.13
2017-03-31 15.28 26.35 0.09
2016-12-31 13.35 24.07 0.05
2016-09-30 11.49 21.99 0.05
2016-03-31 8.72 -6.98 0.05
2015-12-31 6.52 -7.39 0.04
2015-09-30 4.51 -8.83 0.03
2014-12-31 0.60 0.21
2014-09-30 0.66 -0.08
2013-12-31 0.61 -0.24

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Deutsche Konsum REIT-AG has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Deutsche Konsum REIT-AG used its assets more efficiently than the GB REITs industry average last year based on Return on Assets.
  • Deutsche Konsum REIT-AG's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Deutsche Konsum REIT-AG's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Deutsche Konsum REIT-AG has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Deutsche Konsum REIT-AG's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Deutsche Konsum REIT-AG's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Deutsche Konsum REIT-AG is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Deutsche Konsum REIT-AG's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Deutsche Konsum REIT-AG's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Deutsche Konsum REIT-AG Company Filings, last reported 3 months ago.

BATS-CHIXE:DKGD Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 323.75 381.99 2.74
2019-09-30 317.36 354.04 25.64
2019-06-30 283.73 312.52 0.41
2019-03-31 244.99 254.56 2.61
2018-12-31 245.03 236.14 0.33
2018-09-30 209.76 231.60 0.14
2018-06-30 204.27 209.26 0.47
2018-03-31 185.24 122.94 1.15
2017-12-31 181.81 108.57 0.87
2017-09-30 154.74 118.72 1.16
2017-06-30 150.09 103.96 0.98
2017-03-31 122.92 85.67 15.35
2016-12-31 82.23 100.45 0.91
2016-09-30 79.03 90.40 10.33
2016-03-31 33.19 77.72 5.50
2015-12-31 22.73 61.20 4.35
2015-09-30 22.73 59.67 4.35
2014-12-31 2.57 2.44 0.11
2014-09-30 1.52 2.45 0.11
2013-12-31 1.14 2.45 0.01
  • Deutsche Konsum REIT-AG's level of debt (118%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (100.3% vs 118% today).
  • Debt is not well covered by operating cash flow (7.2%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.8x coverage).
X
Financial health checks
We assess Deutsche Konsum REIT-AG's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Deutsche Konsum REIT-AG has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Deutsche Konsum REIT-AG's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.42%
Current annual income from Deutsche Konsum REIT-AG dividends. Estimated to be 4.38% next year.
If you bought €2,000 of Deutsche Konsum REIT-AG shares you are expected to receive €48 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Deutsche Konsum REIT-AG's pays a lower dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.65%).
  • Deutsche Konsum REIT-AG's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (7.43%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BATS-CHIXE:DKGD Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland REITs Industry Average Dividend Yield Market Cap Weighted Average of 48 Stocks 5.5%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 590 Stocks 5.7%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.3%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2.7%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 7.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BATS-CHIXE:DKGD Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-09-30 0.70 1.00
2022-09-30 0.73 2.00
2021-09-30 0.64 3.00
2020-09-30 0.54 3.00
2020-04-05
BATS-CHIXE:DKGD Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-12-18 0.350 2.209
2018-12-19 0.200 1.452
2017-12-19 0.200 1.879

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Deutsche Konsum REIT-AG has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Deutsche Konsum REIT-AG only paid a dividend in the past 2 years.
Current Payout to shareholders
What portion of Deutsche Konsum REIT-AG's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (71.2x coverage).
X
Income/ dividend checks
We assess Deutsche Konsum REIT-AG's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Deutsche Konsum REIT-AG afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Deutsche Konsum REIT-AG has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Deutsche Konsum REIT-AG's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Rolf Elgeti
COMPENSATION €71,300
AGE 43
CEO Bio

Mr. Rolf Elgeti, CFA serves as Chairman of Management Board and Chief Executive Officer at Deutsche Konsum REIT-AG and serves as its Member of Management Board. Mr. Elgeti is the Founder and General Partner of Obotritia Capital KGaA, Potsdam since November 2014. He serves as Chief Executive Officer and Member of the Management Board at Deutsche Industrie REIT-AG. He served as the Chief Executive Officer of Colonia Real Estate AG until October 31, 2014 and served as its Member of the Management Board since February 2011. Mr. Elgeti served as a Managing Director at Elgeti Ashdown Advisers Ltd., which he co-founded in April 2007. He served as the Chief Executive Officer of Bau-Verein zu Hamburg AG. Mr. Elgeti served as a Member of The Management Board at Bau-Verein zu Hamburg AG since July 1, 2009. He also served as an Advisor at Treveria Asset Management GmbH. Mr. Elgeti served as the Chairman of the Management Board and Chief Executive Officer of TAG Immobilien AG from June 2009 to October 31, 2014 and also served as its Member of the Management Board from June 1, 2009 to October 31, 2014. Prior to Elgeti Ashdown, he served as a European Macro Analyst and Equity Strategist focusing on Germany at UBS, Commerzbank Securities and ABN Amro. Mr. Elgeti served as a Research Analyst at RBS Research (now RBS Strategy). He served as the Head of Equity Strategists Team at RBS Holdings N.V. Mr. Elgeti has six years of experience in the German commeial property investment markets during which he has been responsible for acquiring and managing a portfolio of assets exceeding €100 million rcial and residentfor clients. He worked for many years as an Analyst and Equities Strategist in the UK and has outstanding capital market expertise. Mr. Elgeti has been the Chairman of Supervisory Board at TAG Immobilien AG since November 28, 2014 and its Member of Supervisory Board since October 31, 2014. He serves as the Chairman of the Supervisory Board at FranconoWelaust AG. Mr. Elgeti has been the Chairman of Supervisory Board at Fair Value REIT-AG since February 2, 2015 and 1801 Deutsche Leibrenten AG since June 2015. He served as a Deputy Chairman of the Supervisory Board for Estavis AG (now Accentro Real Estate AG) until January 10, 2014 and served as its Member of Supervisory Board from July 18, 2011 to January 2014. Mr. Elgeti served as the Chairman of the Board and Director at Treveria Plc (now Glenwick plc) from January 1, 2011 to April 17, 2012 and from February 6, 2009 to April 17, 2012 respectively. He served as Chairman and Director of Tag Immobilien Ag. Mr. Elgeti has been a Director of Staramba SE since September 03, 2016 and has been its Chairman of the Board since February 14, 2019. He served as a Non-Executive Director of Sirius Real Estate Limited since July 26, 2011 until March 31, 2016. Mr. Elgeti served as a Member of Supervisory Board at TAG Immobilien AG from October 17, 2008 to May 31, 2009. He has been Chairman of the Supervisory Board at creditshelf Aktiengesellschaft since May 2018. Mr. Elgeti was twice top-ranked for European Equity Strategy in the Extel survey among institutional equity investors. He graduated with an MBA from the University of Mannheim, Germany and received an MBA from ESSEC, Paris in 1999. Mr. Elgeti has memberships in Laurus Property Partner, Munchen. He hold MA in Business Administration.

CEO Compensation
  • Rolf's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Rolf's remuneration is lower than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team

Rolf Elgeti

TITLE
CEO & Chairman of Management Board
COMPENSATION
€71K
AGE
43

Christian Hellmuth

TITLE
CFO & Member of Management Board
COMPENSATION
€203K
AGE
40
TENURE
2.8 yrs

Alexander Kroth

TITLE
Chief Investment Officer & Member of Management Board
COMPENSATION
€213K
AGE
37
TENURE
2.8 yrs
Board of Directors Tenure

Average tenure of the Deutsche Konsum REIT-AG board of directors in years:

2
Average Tenure
  • The average tenure for the Deutsche Konsum REIT-AG board of directors is less than 3 years, this suggests a new board.
Board of Directors

Hans-Ulrich Sutter

TITLE
Chairman of Supervisory Board
AGE
71

Achim Betz

TITLE
First Deputy Chairman of Supervisory Board

Kristian Schmidt-Garve

TITLE
Second Deputy Chairman of Supervisory Board
TENURE
0.1 yrs

Hank Boot

TITLE
Member of Supervisory Board
TENURE
4 yrs

Nicholas Cournoyer

TITLE
Member of Supervisory Board
TENURE
4 yrs

Cathy Bell-Walker

TITLE
Member of Supervisory Board
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Deutsche Konsum REIT-AG's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Deutsche Konsum REIT-AG has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Deutsche Konsum REIT-AG, a real estate investment trust, engages in the acquisition, leasing and management, and sale of retail properties in Germany. As of September 30, 2017, the company had a portfolio of 62 retail properties. Deutsche Konsum REIT-AG was founded in 2008 and is headquartered in Potsdam, Germany.

Details
Name: Deutsche Konsum REIT-AG
DKGD
Exchange: BATS-CHIXE
Founded: 2008
€461,821,190
31,959,944
Website: http://www.deutsche-konsum.de
Address: Deutsche Konsum REIT-AG
August-Bebel-Str. 68,
Potsdam,
Brandenburg, 14482,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA DKG Bearer Shares XETRA Trading Platform DE EUR 15. Dec 2015
DB DKG Bearer Shares Deutsche Boerse AG DE EUR 15. Dec 2015
LSE 0RDE Bearer Shares London Stock Exchange GB EUR 15. Dec 2015
BATS-CHIXE DKGD Bearer Shares BATS 'Chi-X Europe' GB EUR 15. Dec 2015
Number of employees
Current staff
Staff numbers
15
Deutsche Konsum REIT-AG employees.
Industry
Retail REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/05 03:26
End of day share price update: 2020/04/02 00:00
Last estimates confirmation: 2020/03/24
Last earnings filing: 2020/02/13
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/09/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.