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Calendar

Est. time*
2026-11-30 14:20 Quarterly Report 2026-Q3
2026-08-31 14:20 Quarterly Report 2026-Q2
2026-05-29 14:20 Quarterly Report 2026-Q1
2026-04-30 N/A Annual General meeting
2026-03-31 11:30 Year-end Report 2025
2025-11-28 - Quarterly Report 2025-Q3
2025-08-29 - Quarterly Report 2025-Q2
2025-05-30 - Quarterly Report 2025-Q1
2025-05-01 - Ex-date Ordinary Dividend GERHSP 0.00 DKK
2025-04-30 - Annual General meeting
2025-03-28 - Year-end Report 2024
2024-11-29 - Quarterly Report 2024-Q3
2024-08-23 - Quarterly Report 2024-Q2
2024-05-31 - Quarterly Report 2024-Q1
2024-05-01 - Ex-date Ordinary Dividend GERHSP 0.00 DKK
2024-04-30 - Annual General meeting
2024-04-08 - Year-end Report 2023
2023-11-30 - Quarterly Report 2023-Q3
2023-08-31 - Quarterly Report 2023-Q2
2023-05-31 - Quarterly Report 2023-Q1
2023-05-01 - Ex-date Ordinary Dividend GERHSP 0.00 DKK
2023-04-28 - Annual General meeting
2023-03-30 - Year-end Report 2022
2022-11-29 - Quarterly Report 2022-Q3
2022-08-31 - Quarterly Report 2022-Q2
2022-05-31 - Quarterly Report 2022-Q1
2022-05-02 - Ex-date Ordinary Dividend GERHSP 0.00 DKK
2022-04-29 - Annual General meeting
2022-03-31 - Year-end Report 2021
2021-11-30 - Quarterly Report 2021-Q3
2021-08-31 - Quarterly Report 2021-Q2
2021-05-31 - Quarterly Report 2021-Q1
2021-05-03 - Ex-date Ordinary Dividend GERHSP 0.00 DKK
2021-04-29 - Annual General meeting
2021-03-31 - Year-end Report 2020
2020-11-30 - Quarterly Report 2020-Q3
2020-08-31 - Quarterly Report 2020-Q2
2020-05-29 - Quarterly Report 2020-Q1
2020-05-01 - Ex-date Ordinary Dividend GERHSP 0.00 DKK
2020-04-30 - Annual General meeting
2020-03-31 - Year-end Report 2019
2019-11-29 - Quarterly Report 2019-Q3
2019-08-30 - Quarterly Report 2019-Q2
2019-08-02 - Extra General Meeting 2019
2019-05-29 - Quarterly Report 2019-Q1
2019-05-01 - Ex-date Ordinary Dividend GERHSP 0.00 DKK
2019-04-30 - Annual General meeting
2019-03-29 - Year-end Report 2018
2018-11-29 - Quarterly Report 2018-Q3
2018-08-31 - Quarterly Report 2018-Q2
2018-05-31 - Quarterly Report 2018-Q1
2018-05-01 - Ex-date Ordinary Dividend GERHSP 0.00 DKK
2018-04-30 - Annual General meeting
2018-03-28 - Year-end Report 2017
2017-11-30 - Quarterly Report 2017-Q3
2017-09-22 - Extra General Meeting 2017
2017-08-31 - Quarterly Report 2017-Q2
2017-05-31 - Quarterly Report 2017-Q1
2017-05-01 - Ex-date Ordinary Dividend GERHSP 0.00 DKK
2017-04-28 - Annual General meeting
2017-03-31 - Year-end Report 2016
2016-11-30 - Quarterly Report 2016-Q3
2016-08-31 - Quarterly Report 2016-Q2
2016-05-31 - Quarterly Report 2016-Q1
2016-05-02 - Ex-date Ordinary Dividend GERHSP 0.00 DKK
2016-04-29 - Annual General meeting
2016-03-31 - Year-end Report 2015
2015-10-05 - Extra General Meeting 2015
2014-11-28 - Quarterly Report 2014-Q3
2014-08-29 - Quarterly Report 2014-Q2
2014-07-11 - Extra General Meeting 2014
2014-05-30 - Quarterly Report 2014-Q1
2014-04-30 - Annual General meeting
2014-03-31 - Year-end Report 2013
2013-11-29 - Quarterly Report 2013-Q3
2013-08-30 - Quarterly Report 2013-Q2
2013-05-31 - Quarterly Report 2013-Q1
2013-04-25 - Annual General meeting
2013-03-27 - Year-end Report 2012
2012-11-30 - Quarterly Report 2012-Q3
2012-10-05 - Extra General Meeting 2012
2012-08-31 - Quarterly Report 2012-Q2
2012-05-31 - Quarterly Report 2012-Q1
2012-04-20 - Annual General meeting
2012-03-30 - Year-end Report 2011
2011-05-27 - Extra General Meeting 2011
2010-05-03 - Ex-date Ordinary Dividend GERHSP 0.00 DKK

Description

CountryDenmark
ListSmall Cap Copenhagen
SectorReal estate
IndustryManagement
German High Street Properties operates in the real estate sector. The company invests primarily in the German real estate market, where the portfolio consists of commercial properties around medium-sized cities. In addition, the company also invests in the Nordic and European real estate markets. The focus is on investing in properties with strong development potential. The head office is located in Charlottenlund.

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2024-02-19 11:45:00

Nasdaq OMX Copenhagen A/S

Charlottenlund, 19 February 2024

Announcement no. 252

Value adjustment of properties

Based on a broker valuation from a German commercial real estate agent, the company's board of directors has assessed the German real estate portfolio of the German High Street Properties group at EUR 91.0 million as of 31.12.2023, resulting in a negative value adjustment of EUR 2.0 million in the 4th quarter 2023 compared to the most recent property value in the 3rd quarter report of 2023.

The total negative value adjustment in the fiscal year 2023 is thus EUR 5.0 million.

German property valuation since 31.12.2021:
German properties valuation EUR 100.7 million as of 31.12.2021
German properties valuation EUR 99.2 million as of 30.09.2022
German properties valuation EUR 96.0 million as of 31.12.2022
German properties valuation EUR 93.0 million as of 31.09.2023
German properties valuation EUR 91.0 million as of 31.12.2023

The reason for the decrease in property value from the 4th quarter of 2023 is a combination of lower rent levels for retail leases and an increasing yield requirement on German high street properties, along with a significant slowdown in the number of property transactions.

Any questions can be directed to the undersigned on +45 8110 0800.

Sincerely, German High Street Properties A/S

Hans Thygesen
Chairman