Currently 28 institutions publish research about the "Shopping Center Share". After some downgrades from "buy" to "neutral/hold" the recommendations chart looks more and more like a bell curve - the Gaussian distribution curve.
When Deutsche EuroShop went public at the beginning of 2001 the idea/wish was to reach a performance (share price development + dividends) which should be comparable to the long-term average performance of the DAX (Germany's blue chip index), which was approx. +8% per annum at this time.
Times have changed and the DAX currently doesn't deliver this total return. Since DES' IPO the DAX had an absolute performance of -2.5% which translates into a -0.2% per year.
Positive: Deutsche EuroShop so far fulfilled the orginal idea with a +7.9% performance per year.
To make your forecasts it may help to have the comparable numbers of Q1 2011.
The Excel sheet offers a full usability. You can start with your projections right here!
Today we had the photo shoot for our annual report 2011. The Executive Board members and the IR team were "shot" by Arne Weychardt.
Dear Analyst, dear Investor,
If you are happy with the way the Deutsche EuroShop Investor Relations Team supplies you with the needed information, we would highly appreciate if you could vote for us in the Extel Europe 2012 survey at www.extelsurvey.com