Higher interest rates take a bite out of DKR’s earnings

The JSE-listed German real estate investment trust Deutsche Konsum Reit-AG said funds from operations declined as a result of higher maintenance costs and net interest expenses.

FFO, which measures a Reit’s performance, fell 5.2% year on year to €10.2m in the quarter to end-December despite DKR benefiting from an uptick in rental income at the start of its new financial year that came from from acquisitions and inflation-linked rent increases...

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