November 19, 2017 7:27 PM ET

Real Estate Management and Development

Company Overview of DO Deutsche Office AG

Company Overview

DO Deutsche Office AG operates as an office real estate company that focuses on German metropolitan regions. The company acquires and manages properties and property investment companies. Its property portfolio comprises 51 properties with a total lettable space of approximately 866,000 square meters. The company was formerly known as Prime Office AG and changed its name to DO Deutsche Office AG in July 2014. DO Deutsche Office AG was founded in 2006 and is based in Cologne, Germany. DO Deutsche Office AG is a subsidiary of Alstria Office Reit-AG.

Maarweg 165

Cologne,  50825

Germany

Founded in 2006

30 Employees

Phone:

49 221 888 29 100

Fax:

49 221 888 29 199

Key Executives for DO Deutsche Office AG

Head of Asset Management
Age: 50
Head of Investor Relations & Corporate Communications
Age: 47
Head of Legal and Member of Executive Board
Age: 42
Member of Executive Board
Age: 52
Compensation as of Fiscal Year 2017.

DO Deutsche Office AG Key Developments

DO Deutsche Office AG Reports Consolidated Earnings Results for the Nine Months of 2016; Provides Earnings Guidance for the Year 2016

DO Deutsche Office AG reported consolidated earnings results for the nine months of 2016. For the period, the company reported rental revenues amounted to €81.3 million and were almost at the same level as in the first three quarters of the previous year (€80.4 million). Consolidated net profit increased from €40.7 million in nine months of 2015 to €51.6 million in nine months of 2016. The increase is mainly due to higher gains on the disposal of investment properties as well as a reduction of administrative expenses. The operating result increased from €39.1 million in nine months of 2015 by €7.1 million to €46.2 million in the reporting period, as both the finance costs and the administrative expenses significantly decreased as a result of restructuring aer the takeover by alstria. Based on the disposal of the property "An den Treptowers", the executive board expects the company to achieve rental revenues of €103 million and an FFO of slightly below €60 million for the 2016 financial year.

DO Deutsche Office AG Announces Earnings Results for the First Half Ended June 30, 2016

DO Deutsche Office AG announced earnings results for the first half ended June 30, 2016. For the period, the company reported rental income of EUR 52.9 million against EUR 52.7 million a year ago. Net rental income was EUR 45.7 million against EUR 47.4 million a year ago. Earnings before taxes were EUR 39.6 million against EUR 29.7 million a year ago. Earnings attributable to shareholders of the parent company were EUR 39.9 million against EUR 27.1 million a year ago, the decrease is mainly due to a reduction of financial income by EUR 4.9 million. Basic and diluted earnings per share was EUR 0.22 against EUR 0.15 a year ago. Funds from operations were EUR 30.8 million or EUR 0.17 per share against EUR 24.8 million or EUR 0.14 per share a year ago. Cash flow from operating activities was EUR 37,349,000 against EUR 37,079,000 a year ago.

DO Deutsche Office AG to Report First Half, 2016 Results on Aug 09, 2016

DO Deutsche Office AG announced that they will report first half, 2016 results on Aug 09, 2016

Recent Private Companies Transactions

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Date
Target
No transactions available in the past 12 months.
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