Deutsche EuroShop Starts 2026 Strong, Maintains Forecast

Deutsche EuroShop (DES), a shopping center investor, began 2026 with robust results, confirming its annual forecast. Revenue rose by 2% to €67.6 million, attributed to increased rents and tenant severance payments. Despite higher operating expenses, net operating income grew by 0.3% to €53.3 million, while EBIT increased slightly by 0.2% to €53.5 million.

However, an uptick in interest expenses, partly from a 2025 bond issue, led to a 10.1% decline in EBT to €35.7 million and a 10.7% drop in consolidated profits to €28.4 million. Despite these challenges, the full-year revenue projection remains between €269 and €277 million. A dividend of €1.00 per share has been proposed for the 2025 fiscal year.

DES plans to convert to a European Company (SE), with the decision set for the June AGM. Visitor numbers dipped slightly due to harsh winter conditions, but tenant turnover increased by 0.7%.