Deutsche Konsum REIT

What Deutsche Konsum REIT does

Deutsche Konsum Real Estate AG is a German retail real estate investment company listed on the Prime Standard of Deutsche Börse (ISIN DE000A14KRD3), founded in 2016 and headquartered in Potsdam. The company specializes in acquiring, owning, and managing retail properties in established German locations outside major metropolitan areas (so-called B-locations), with a portfolio of 148 properties totaling 937,081 m² of rental space, valued at EUR 773 million, and generating annualized portfolio rent of EUR 65.2 million at an initial yield exceeding 10%. The portfolio is anchored by long-term lease relationships with major German daily-goods retailers including EDEKA, REWE, ALDI, OBI, and dm, with typical lease terms of 10-15 years that provide recurring rental income.

The company's business model is asset-based rather than technology-based: it generates revenue primarily through recurring rental income from tenants operating essential-goods retail (food, drugstore, DIY) in proven secondary locations, with secondary revenue from strategic property disposals as part of portfolio optimization. The go-to-market is direct B2B leasing negotiated with enterprise retail operators, and the company participates in the broader German listed real estate ecosystem through investor relations activities, capital markets (Frankfurt, formerly Johannesburg), and dividend distributions.

Deutsche Konsum has been undergoing significant restructuring since 2023, including the loss of its REIT tax exemption status as of October 2025 following a Potsdam tax office challenge. A EUR 119 million debt-to-equity swap with lender VBL and a EUR 120 million capital increase completed in January 2026 reduced total financial debt by EUR 132 million and improved LTV to 41.1%. Leadership transitioned in 2025 with Daniel Löhken becoming CEO on July 1 and Dr. Kai Gregor Klinger appointed Supervisory Board Chair. The company plans to sell up to EUR 300 million in assets by September 2027 as part of deleveraging, and Faber L holds approximately 60.5% of shares post the 2026 capital increase.

Name

Deutsche Konsum REIT

Legal name

Deutsche Konsum Real Estate AG

Website

https://deutsche-konsum.de

Company type

Public

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

Deutsche Konsum Real Estate AG is a publicly listed German retail REIT (Prime Standard, Deutsche Börse) that owns and manages 148 retail properties totaling 937,081 m² in established non-metropolitan German locations, generating rental income from long-term leases with anchor tenants EDEKA, REWE, ALDI, OBI, and dm.

Ownership category

akta.pro rank

Headquarters

HQ city

Potsdam

HQ country

Germany

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Others, Infrastructure

Revenue model

1. Rental Income: Recurring rental income from 148 retail properties across Germany, with annualized portfolio rent of EUR 65.2 million and initial yield exceeding 10%. Tenants include operators of daily goods retail, food anchors, and service retailers in established non-metropolitan locations.
2. Property Disposal: Strategic sales of retail properties as part of ongoing portfolio optimization and restructuring. Company sold 8 properties for EUR 34.7 million, with plans to sell up to EUR 300 million in assets by September 2027.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Deutsche Konsum Real Estate AG acquires, repositions, and leases retail properties in established micro-locations across Germany, primarily outside metropolitan areas. The portfolio consists of 148 retail properties with 937,081 m² of rental space and a portfolio value of approximately EUR 773 million, generating annualized rent of EUR 65.2 million. Tenants are predominantly food-anchored daily-goods retailers such as EDEKA, REWE, ALDI, dm, and OBI under long-term leases.

Product overview

Deutsche Konsum Real Estate AG is a German retail real estate investment company operating as a REIT (lost tax exemption status as of October 2025). The core offering centers on its property portfolio of 148 retail properties (937,081 m², EUR 773 million value, EUR 65.2 million annualized rent) focused on daily goods retail in established locations outside German metros. The portfolio is complemented by investor relations services providing transparent financial reporting and sustainability/ESG services aligned with EPRA standards and UN Sustainable Development Goals. The company distributes dividends from rental income and implements portfolio optimization through property sales.

Differentiator

Problem solved

Functional benefit

Products and services

• Retail Property Portfolio Leasing Long-term rental of retail space across 148 properties in established German B-locations, leased predominantly to food-anchored daily-goods retailers such as EDEKA, REWE, ALDI, dm, and OBI. Generates annualized portfolio rent of approximately EUR 65.2 million at an initial yield above 10%.
• Asset and Property Management Services Day-to-day property and asset management for the 148-property retail portfolio, executed through GPEP as appointed external manager following the restructuring. Activities include lease administration, tenant management, and property maintenance.
• Retail Property Acquisition and Disposition Strategic acquisition and selective disposition of retail properties in non-prime German locations, with the portfolio reaching a value of approximately EUR 773 million across 148 assets. Closed transactions in 2025 included the sale of a portfolio of 17 properties with a combined value of around EUR 27 million.

Quantifiable outcome

• Initial yield exceeds 10% on retail portfolio
• +2 more outcomes

Named customers5 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Partnerships

One partnership is on record.

• GPEP (Gesellschaft für Portfolio-Immobilien-Entwicklung und -Projektierung)coreImplementation/ SI/ Consulting Partner · 21 May 2025Deutsche Konsum REIT appointed GPEP for asset and property management services as part of operational restructuring and portfolio optimization efforts.

Scale indicators10 records

Recent moves10 records

Expansion highlights3 records

Direct peers

• Fair Value REIT-AG: Fair Value REIT-AG is a German listed REIT holding retail and office properties with a focus on German secondary locations. Its portfolio composition, size, and listed-REIT structure position it as a direct peer in German retail real estate.
• Hamborner REIT AG: Hamborner REIT AG is a German publicly listed REIT specializing in retail and office properties in German city centers and established locations. It is a direct peer in German retail real estate investment with overlapping tenant base and listed-REIT structure.
• National Retail Properties: National Retail Properties (NNN) is a US-listed REIT focused on single-tenant retail properties net-leased to credit tenants. Its portfolio strategy of diversified single-tenant retail net leases mirrors Deutsche Konsum's anchor-tenant rental model in Germany.
• FCR Immobilien AG: FCR Immobilien AG is a German specialty real estate company focused on retail properties in established secondary German locations, often anchored by daily-needs tenants. Its acquisition-driven growth model and small/mid-cap profile make it a direct small-cap peer.
• DEFAMA AG: DEFAMA AG is a German retail property company focused on small-town and secondary-location retail assets anchored by daily-needs tenants. Its asset size, target segment, and tenant profile make it the closest small-cap direct peer to Deutsche Konsum's B-location strategy.

Broad incumbents

• Realty Income Corporation: Realty Income is the largest US net-lease REIT with a diversified tenant base across retail and other sectors. Its monthly-income REIT model with long-term triple-net leases to credit tenants is conceptually analogous to Deutsche Konsum's rental-income structure with major retail tenants.
• W. P. Carey Inc. W. P. Carey is a large diversified net-lease REIT with European and US retail and industrial properties. Its diversified net-lease strategy with long-term tenant leases offers a broader-capital comparable for Deutsche Konsum's long-WALT retail rental model.
• VICI Properties: VICI Properties is a large US-listed experiential and retail-net-lease REIT focused on single-tenant retail and entertainment properties. While geographically distinct, its net-lease retail investment thesis and triple-net-lease structure parallel Deutsche Konsum's rental-income model with anchor tenants.
• Aroundtown SA: Aroundtown is a major European commercial real estate company with significant German office, hotel, and retail exposure. As a large-cap diversified player, it provides a relevant comparable for the listed German real estate investment space but with a much broader mandate.
• Deutsche EuroShop AG: Deutsche EuroShop is Germany's largest shopping-center investor with a portfolio of large shopping centers across Germany and Europe. While it is a broader incumbent in German retail real estate, its larger scale and shopping-center focus distinguish it from Deutsche Konsum's smaller-format B-location strategy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/deutsche-konsum-reit-ag

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Deutsche Konsum REIT