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ePaper created 2014-04-29, 17:58:02 | version 1.30.00
Investor Relations The Shopping Center Share Share price: sideways trend with increasing volatility Deutsche EuroShop shares started 2013 in a strong position on the stock market: at €31.64, the 2012 year-end closing price was the highest to date. In the first four months, the shares hovered between €30.50 and €32.00, before reaching a new all-time high in mid-May (Xetra closing price of €34.48 on 20 May 2013). In a declining stock market environment, the price of the shopping center shares then fell as low as €29.45 on 24 June. Shortly after the distribution of the dividend, the shares reached an annual low at this level. In the follow- ing weeks, they fluctuated within a slightly broader range, between €30.50 and €33.20. At the end of the year, the price was €31.83, and the shares ended the year on a positive trend. The market capitalisa- tion of Deutsche EuroShop rose by almost €10 million to €1,717 mil- lion in 2013. Keeping pace with the peer group The price of Deutsche EuroShop shares rose by 0.6%. Taking into ac- count the dividend paid of €1.20 per share, the year-on-year perfor- mance of Deutsche EuroShop shares amounted to 4.5% (2012: 32.7%). Our shares were therefore below the European benchmark for listed real estate companies, the EPRA index (+9.6%, previous year: +29.2%), * Corio, Eurocommercial Properties, Klepierre, Mercialys and Unibail-Rodamco. 2013 2012 DES share 4.5% 32.7% DAX 25.5% 29.1% MDAX 39.1% 33.9% TecDAX 40.9% 20.9% EPRA 9.6% 19.2% EURO STOXX 50 (Europe) 17.6% 13.7% Dow Jones (USA) 26.5% 7.2% Nikkei (Japan) 56.7% 22.9% and in the upper-middle range of the European peer group compa- nies* in 2013. The benchmark index for medium-sized companies, the MDAX, gained 39.1% in the year under review. German open-ended property funds achieved an average perfor- mance of +1.1% in the past year (2012: -0.7%) and attracted cash in- flows of around €3.4 billion (2012: €2.9 billion). STOCK MARKET PERFORMANCE DEUTSCHEEUROSHOPGESCHÄFTSBERICHT2013/INVESTORRELATIONS 096