The DIC Group is one of the leading investors in the German market for commercial real estate

Press Release

Annual General Meeting of DIC Asset AG Approves Dividend in a Total Amount of EUR 0.64 per Share

Frankfurt, 16.03.2018

• Dividend raised by 10 percent to EUR 0.44 per share for 2017– plus additional dis-bursement of a special dividend of EUR 0.20 per share
• First-time offer of a scrip dividend
• All agenda items approved by a large majority
• Eberhard Vetter joins the supervisory board
• Management board confirms forecast for 2018 (FFO: EUR 62 – 64 million)

Frankfurt/Main, 16 March 2018. During its annual general meeting in Frankfurt/Main, DIC Asset AG (WKN A1X3XX / ISIN DE000A1X3XX4) resolved to increase its dividend by 10 percent and distribute EUR 0.44 per share plus a special dividend in the amount of EUR 0.20 per share for the 2017 financial year (2016: EUR 0.40). This adds up to a dividend total of EUR 0.64 per share. Once again, DIC Asset AG is therefore distributing an increased dividend to its shareholders while maintaining its continuity of dividends. For the first time, shareholders will also have the option to choose between the payment of a cash dividend and a scrip dividend. Based on the year-end share price, the dividend yield exceeds 6 percent.

Sonja Wärntges, CEO of DIC Asset AG: "With its hybrid business model and its diversified income structure - stable revenues from the Commercial Portfolio, plus the steadily growing income from property management services - DIC Asset AG has been, and continues to be, very well positioned. The outperforming key ratios of the 2017 financial year, as well as the wide margin by which we cleared our stated profit targets, suggest as much."

In her keynote, the CEO not only presented the figures for the financial year concluded, but also provided an outlook for the ongoing 2018 financial year.

"We still see considerable potential in our business divisions that we will raise to keep increasing our revenues, and our plans call for continued growth in 2018. Specifically, we anticipate an FFO of EUR 62 to 64 million and an elevated volume of EUR 450 to 500 million in acquisitions that are primarily earmarked for the expansion of our fund business," said Wärntges. Moreover, DIC Asset AG intends to keep optimising its Commercial Portfolio, to increase its revenues from real estate management on behalf of third parties, and to consolidate its evolving role as a trading platform in the investment fund business.

The sustainable development potential of DIC Asset AG's hybrid business model was confirmed by the banks and by the capital market just last week when a corporate bond from 2017 was successfully tapped by another EUR 50 million and the new units were swiftly placed.

With around 60.4 percent of the share capital represented, the Annual General Meeting approved the senior management's proposals for all agenda items with large majorities (for a breakdown of the voting results, please see the table). Following the retirement of Michael Bock at his own request, Eberhard Vetter was appointed to the Supervisory Board for the remainder of his regular term, which will end in 2022.

About DIC Asset AG:
DIC Asset AG is one of Germany's leading listed property companies, and specialises in commercial real estate With around 20 years of experience on the German real estate market, the company maintains a regional footprint on all major German markets through six branch offices, and has around 180 assets with a combined market value of c. EUR 4.4 billion under management. DIC uses a hybrid business model to manage its business divisions Commercial Portfolio, Funds and Other Investments. Taking an active asset management approach, DIC employs its proprietary, integrated real estate management platform to raise capital appreciation potential in its business divisions and to boost its revenues.

In its Commercial Portfolio division (EUR 1.6 billion in assets under management), DIC acts as proprietor and property asset holder, and thus generates revenues both from the management of the assets and through the value optimisation of its own real estate portfolio. The Funds division (EUR 1.5 billion in assets under management) generates its revenues by acting as issuer and manager of special real estate funds for institutional investors. Gathered in the business unit Other Investments (EUR 1.3 billion in assets under management) are joint venture investments, equity investments in property developments, strategic financial investments, and the management of properties in which the company holds no equity stakes.

DIC Asset AG has been included in the SDAX(R) segment of the Frankfurt Stock Exchange since June 2006. The Company's shares are also included in the EPRA index, which tracks the performance of the most important European real estate companies.

For more details on DIC Asset AG, visit the company’s homepage at www.dic-asset.de.

Investor Relations and Corporate Communications
DIC Asset AG
Nina Wittkopf
Head of Investor Relations and Corporate Communications
Neue Mainzer Straße 20  MainTor
60311 Frankfurt am Main
Phone +49 69 9454858-1462
Fax +49 69 9454858-9399
ir@dic-asset.de

<< back