Deutsche Industrie REIT-AG (DIR)FY 2018/2019 Financial Results

19 December 2019

Content

▪ 2018/2019 Highlights

▪ Portfolio

▪ Valuation

▪ Acquisitions

▪ Disposals

▪ Financing

▪ Results FY 2018/2019

-------------------------------------------------

▪ Appendix: IR, Glossary, Disclaimer

2

FY 2018/2019 Highlights

Highlights FY 2018/2019

Key figures

4

Properties

63

Portfolio

Value

493.1 m€

Commercial

Space

1.15m sqm

Annualised

In-Place Rent

44.0 m€

FFO

12.9 m€

LTV

57.8%

REIT equity

ratio

46.2%

Rental

Income

25.5 m€

Pro forma

Portfolio YTD*

Key Figures

FY 2018/2019

Land Bank

2.6m sqm

* Based on pro forma portfolio as of 19/12/2019 = including notarised properties YTD with transfer of ownership after 30/09/2019

2019/2020

FFO-Guidance

23-25 m€

Revaluation

gains

37.6 m€

Occupancy

88%

Highlights FY 2018/2019

Key figures

5

0.37

0.60

FY 2017/2018 FY 2018/2019

FFO per share (€)

3.99

7.74

30/09/2018 30/09/2019

EPRA NAV per share (€)

Avg. # of

shares 14,511,150 21,619,034 # of shares 18,000,056 23,451,945

FY 2018 FY 2019

NRI margin: 79% ↗ 82%

Earnings per share (EUR) 0.95 ↗ 2.25

Cost ratio (recurring costs to rental income): 11.8% ↘ 7.7%

Costs of debt (non-current financial liabilities): 3.7% ↘ 2.9%

Portfolio

PortfolioSustainable external and internal growth

1 Based on pro forma portfolio as of 19/12/2019 = including notarised properties YTD with transfer of ownership after 30/09/20197

Absolute growth year on year and pro forma1 Like-for-like development2

22

49

63

09/2018 09/2019 Pro forma

No. of properties

84.9

88.988.2

09/2018 09/2019 Pro forma

Occupancy (%)

3.9

4.94.8

09/2018 09/2019 Pro forma

WALT (years)

167

392

493

09/2018 09/2019 Pro forma

GAV (m€)

16.1

33.1

44.0

09/2018 09/2019 Pro forma

Annualised in-place rent (m€)

3.23

3.34

3.50

09/2018 09/2019 Pro forma

IPR (€/sqm)

16.016.8

09/2018 09/2019

Annualised in-place rent (m€)

3.233.43

09/2018 09/2019

IPR (€/sqm)

85.184.3

09/2018 09/2019

Occupancy (%)

166

192

09/2018 09/2019

GAV (m€)

2 Based on 21 properties on both balance sheet dates

PortfolioBroad regional allocation

8

Pro forma portfolio as of 19/12/2019 = including notarised properties YTD with transfer of ownership after 30/09/2019Source: Google Maps

Portfolio as of 30/09/2019

Acquired properties

with transfer after 30/09/2019

Every location of our properties can be found here:

DIR Properties in Google maps

Federal State Properties Commercial space Annualised rent % of rent

North Rhine-Westphalia 24 333,671 sqm 12,903 k€ 29.3%

Lower Saxony 7 253,776 sqm 8,045 k€ 18.3%

Bavaria 6 121,909 sqm 7,547 k€ 17.1%

Baden-Wurttemberg 4 109,238 sqm 5,598 k€ 12.7%

Mecklenburg Western Pomerania 7 127,364 sqm 2,988 k€ 6.8%

Brandenburg 5 50,184 sqm 2,090 k€ 4.7%

Thuringia 4 57,229 sqm 1,689 k€ 3.8%

Rhineland Palatinate 1 20,905 sqm 1,022 k€ 2.3%

Saarland 1 44,084 sqm 948 k€ 2.2%

Saxony-Anhalt 2 11,900 sqm 558 k€ 1.3%

Bremen 1 9,903 sqm 420 k€ 1.0%

Berlin 1 8,816 sqm 221 k€ 0.5%

Total 63 1,148,979 sqm 44,027 k€ 100.0%

Type Properties Total rental space Commercial rental space IPR p. sqm Vacancy WALT Annualised rent % of rent GAV Yield

Logistics 20 391,093 sqm 376,758 sqm 3.55 € 10.6% 4.4 14,380 k€ 32.7% 177,890 k€ 8.1%

Production & logistics 28 590,027 sqm 422,158 sqm 2.85 € 4.6% 7.1 13,901 k€ 31.6% 163,772 k€ 8.5%

Industrial park 15 375,748 sqm 350,064 sqm 4.41 € 21.9% 2.7 15,746 k€ 35.8% 151,460 k€ 10.4%

Total 63 1,356,868 sqm 1,148,979 sqm 3.50 € 11.8% 4.8 44,027 k€ 100.0% 493,122 k€ 8.9%

PortfolioDiversified mix of uses

9

What‘s the type of

the property

How is the single

unit used

Main Use Units Annualised rent % of rent

Commercial 1,417 42,578,385 k€ 96.7%

Parking 1,193 516,892 k€ 1.2%

Other 357 876,801 k€ 2.0%

Residential 19 55,215 k€ 0.1%

Total 2,986 44,027,293 k€ 100.0%

Mainly commercial use

(no significant dilution)

Pro forma portfolio as of 19/12/2019 = including notarised properties YTD with transfer of ownership after 30/09/2019

Production34%

Logistics37%

Storage12%

Office16%

Other commercial space 1%

Types of use by commercial space

PortfolioWell-balanced industrial sectors

10Pro forma portfolio as of 19/12/2019 = including notarised properties YTD with transfer of ownership after 30/09/2019

cyclical53%

non-cyclical41%

publicsector

5%

privat/ non commercial

1%

Cyclicality by total rentIndustrial sector % of Rent

Transport/logistics services 15.2%

Metalworking 10.7%

Mail order/online trade 6.7%

Pharmaceutical industry 6.6%

Mechanical and plant engineering 6.3%

Automotive supplier 6.2%

Industry/specialist/wholesale trade 5.0%

Public sector 4.7%

Plastics processing 3.7%

Defence industry 3.5%

Air carrier 2.9%

Textile coating 2.7%

Compressed air technology 2.4%

Paper Processing/Paperboard/Packaging 2.3%

Retail trade 2.1%

Top Fifteen 81.0%

PortfolioSolvent major tenants – adequate WALT

▪ Annualised in-place rents split by remaining lease duration

11

WALT: 4.8 Years

Tenant Sector % of rent

Aenova / Haupt Pharma Pharmaceutical Industry 6.3%

Versandhaus Walz GmbH, Baby Walz, Online/Mail order seller 5.8%

DST Defence Service Tracks GmbH Defence industry 3.4%

Otto ( GmbH& Co KG ) Logistics 3.3%

Gabo Stahl GmbH Metalworking 2.9%

Bundesanstalt für Immobilienaufgaben German Armed Forces / Customs 2.8%

SIHL GMbH Printable materials 2.7%

Lufthansa Aerospace company 2.5%

CompAir / Gardner Denver Compressed air systems 2.3%

Veenendaal Schaumstoffwerk GmbH Foam processing 2.0%

Top Ten Tenants 34.1%

Top Twenty Tenants 487 Tenants in total 50.3%

Pro forma portfolio as of 19/12/2019 = including notarised properties YTD with transfer of ownership after 30/09/2019

PortfolioIndividual properties

▪ Detailed information of all our properties can be found here:

▪ https://www.deutsche-industrie-reit.de/en/portfolio/properties/

12

Valuation

PortfolioProperty valuation

14

9.6%

9.4%

10.1%

9.6%

8.1%

8.5%

9.1%

8.5%

Logistics Production &logistics

Industrial park Total

Yield before revaluation Yield as of 30/09/2019

▪ Valuation uplift reflects the market development in the light

industrial sector

▪ Highest change in logistics, shows the yield compression in this

asset class

▪ Longer WALT and more sale & lease back acquisitions in the

production & logistics category results in lower yields

▪ Valuation was done by CBRE

TypeCommercial rental

space in sqm

Annualised

rent in k€GAV in k€

Fair Value per

sqm

commercial

space

YieldValuation

change

Industrial park 241,709 9,011 98,930 409 9.1% 12.7%

Production &

logistics377,698 12,527 148,922 394 8.4% 11.5%

Logistics 299,509 11,602 143,960 481 8.1% 19.0%

Total 918,916 33,141 391,812 426 8.5% 14.4%

Portfolio value

(mEUR)

Value per sqm

rental space

Value per sqm

land bankYield In-place rent

Pro forma portfolio 19/12/2019 493.1 m€ 363 €/sqm 188 €/sqm 8.9% 3.50 €/sqm

...at implied yield on share price level of 16 € 687.9 m€ 507 €/sqm 262 €/sqm 6.4% 3.50 €/sqm

Required rent at constant yield 687.9 m€ 507 €/sqm 262 €/sqm 8.9% 4.45 €/sqm

Annualised

total portfolio

rent (m€)

Valuation

multiple Yield

Portfolio value

(mEUR)Net LTV

Net debt

outstanding

NAV

(m€)

Number

of shares

million

Hypothetical

NAV per

share (€)

premium/

discount at

share price of

16.00 €

Portfolio as of 30/09/2019 (IFRS) 33.1 11.8 8.5% 391.8 57,8% 249.8 181.5 23.45 7.74 107%

Pro forma portfolio as of 19/12/2019 44.0 11.2 8.9% 493.1 45% 221.9 271.2 29.16 9.30 72%

Assumptions

based on pro forma portfolio

44.0 12.0 8.3% 528.3 42% 221.9 306.4 29.16 10.51 52%

44.0 13.0 7.7% 572.4 39% 221.9 350.4 29.16 12.02 33%

44.0 14.0 7.1% 616.4 36% 221.9 394.5 29.16 13.53 18%

44.0 15.0 6.7% 660.4 34% 221.9 438.5 29.16 15.04 6%

44.0 16.0 6.3% 704.4 32% 221.9 482.5 29.16 16.55 -3%

44.0 16.5 6.1% 726.5 31% 221.9 504.5 29.16 17.30 -8%

44.0 17.0 5.9% 748.5 30% 221.9 526.6 29.16 18.06 -11%

44.0 17.5 5.7% 770.5 29% 221.9 548.6 29.16 18.81 -15%

44.0 18.0 5.6% 792.5 28% 221.9 570.6 29.16 19.57 -18%

44.0 18.5 5.4% 814.5 27% 221.9 592.6 29.16 20.32 -21%

44.0 19.0 5.3% 836.5 27% 221.9 614.6 29.16 21.07 -24%

PortfolioValuation potential - share price trades at attractive ~6.4% yield

15

Current

share

price

level

▪ Premium reflects market expectation on strong rent and

value upside potential

▪ Share price level implies ~6.3 – 6.7 % yield

▪ Value per sqm moderate, also at 6.4 % yield

▪ Still low rent in comparison to market level of 5 – 7 €/sqm

Acquisitions

AcquisitionsKloster Lehnin, Dinslaken, Wedemark

17

Kloster Lehnin Damsdorfer Hauptstraße 36 B

Acquired 18/11/2019

Type Logistics

Rental space 13,450 sqm

Annualised in-place rent 454 k€

WALT 1.1 years

Vacancy 0.0%

Purchase price 3,300 k€

Yield 13.8%

Sector(s) Archiving

Dinslaken Lanterstraße 34

Acquired 29/11/2019

Type Production & logistics

Rental space 3,610 sqm

Annualised in-place rent 167 k€

WALT 5.0 years

Vacancy 0.0%

Purchase price 1,850 k€

Yield 9.0%

Sector(s) Production of safety lighting

Wedemark Industriestraße 44

Acquired 03/12/2019

Type Logistics

Rental space 20,180 sqm

Annualised in-place rent 833 k€

WALT 0.5 years

Vacancy 4.6%

Purchase price 8,150 k€

Yield 10.2%

Sector(s) Automotive

AcquisitionsOberding

Oberding Lohstraße 22-28a

Acquired 12/12/2019 Vacancy 23.6%

Type Industrial park Purchase price 21.200 k€

Rental space 49,547 sqm Yield 17.9%*

Annualised in-place

rent3,789 k€ Sector(s) Aerospace companies, logistics

WALT 2.3 years

18* taking into account 1,495 k€ ground rent, the gross initial yield is 10.8%.

Disposals

Opportunistic disposalStralsund

20

Reasons:

• High vacancy, poor maintenance condition

• Good location near city centre of Stralsund

• Oversized land, only 5% used

• Development potential for residential, office or

similar use

• Purchase price 180 k€ → Sales price 610 k€

Stralsund Platz des Friedens 17-23; 31-47

TypeProduction &

logisticsSector(s)

Car services, handcrafter,

building companies

Property area 41,569 sqm Land use 5%

Commercial units 28 Date of transfer 01/07/2016

Total Rental space 3,235 sqm Commercial Rental space 2,279 sqm

Annualised In place rent 36 k€ IPR/sqm. Commercial 2.34 €/sqm

WALT 2.1 years Vacancy 72.4%

Book value 553 k€ Yield 6.4%

Financing

FinancingEquity

22

# Shares Date New shares Price Gross proceeds

Listing 15,000,048 07/12/2017 0 4.83 € 0 €

#1 16,500,052 23/04/2018 1,500,004 7.75 € 60% 11,625,031 €

#2 18,000,056 17/09/2018 1,500,004 10.00 € 29% 15,000,040 €

FY 2017/2018 3,000,008 8.88 € 40% (based on Listing) 26,625,071 €

#3 22,500,072 14/12/2018 4,500,016 11.00 € 10% 49,500,176 €

#4 23,451,945 19/09/2019 951,873 15.75 € 43% 14,992,000 €

FY 2018/2019 5,451,889 11.83 € 19% (based on Ø 17/18) 64,492,176 €

#5 29,163,187 15/11/2019 5,711,242 16.25 € 3% 92,807,683 €

Total 14,163,139 12.99 € 24% (based on Ø 18/19) 183,924,929 €

Capital measures since IPO

FinancingDebt

23

▪ 02/2019 Bond increased by EUR 28.1 million

▪ 06/2019 Convertible bond with EUR 41.6 million issued

▪ Seven loans concluded with EUR 66.3 million in 2018/2019

▪ Three further loans of EUR 17.5 million already concluded

▪ Six more loans in pipeline

*All figures are based on the pro forma portfolio as of 19 December 2019 = including notarised contracts with transfer of ownership after 30 September 2019 and loan/bond figures signed by 19 December 2019.

# Lender % Interests Amortisation Loan nominalLoan

Duration

Fixed

interestFV

Collateralised

properties

Property

LTV nominal

1 Secured Corporate bond 46.1% 4.00% 0.00% 118,000,000 € 2.9 2.9 146,040,000 € 9 80.8%

1 Convertible bond 16.2% 2.00% 0.00% 41,600,000 € 6.7 6.7 58,942,000 € 17 70.6%

10 Savings Banks 35.3% 2.00% 5.11% 90,325,000 € 10.0 8.5 185,250,000 € 24 48.8%

3 Cooperative Banks 2.5% 1.64% 6.99% 6,300,000 € 13.4 8.0 15,250,000 € 3 41.3%

15 Total w/o Pipeline 100.0% 2.91% 1.97% 256,225,000 € 6.3 5.6 405,482,000 € 53 63.2%

6 Pipeline 12.1% 1.36% 5.00% 35,190,000 € 11.6 11.6 66.440,000 € 9 53.0%

21 Total incl. Pipeline 100.0% 2.72% 1.74% 291,415,000 € 6.9 6.3 471,922,000 € 62 61.8%

FinancingDebt

24

Corporate Bond46%

Savings banks35%

Coop. Banks3%

Convertible Bond16%

Allocation Nominal Loans

0 m€

20 m€

40 m€

60 m€

80 m€

100 m€

120 m€

2019 2020 2021 2022 2024 2025 2026 2028 2029 2035 2036

Maturity profile (nominal amounts)

*All figures are based on the pro forma portfolio as of 19 December 2019 = including notarised contracts with transfer of ownership after 30 September 2019 and loan/bond figures signed by 19 December 2019.

Results

FY 2018/2019

k€ 30/09/2019 30/09/2018 k€ 30/09/2019 30/09/2018

Assets Equity and liabilities

Investment properties 392,849.0 168,242.2 Issued share capital 23,451.9 18,000.1

Intangible assets 1.8 3.2 Capital reserve 89,530.2 31,976.8

Property, plant and equipment 1,051.9 914.2 Other reserves 50.0 50.0

Other non-current assets 38,886.2 11,196.1 Retained earnings 68,431.1 21,784.2

Total non-current assets 432,788.9 180,355.7 Total equity 181,463.2 71,811.0

Trade and other receivables 815.9 265.6 Liabilities to banks 67,526.5 11,042.5

Other current assets 2,883.7 2,877.6 Corporate bonds 117,904.0 89,686.2

Cash and cash equivalents 2,065.7 117.1 Convertible bonds 41,184.0 0.0

Total current assets 5,765.2 3,260.3 Other non-current liabilities 1,530.1 1,302.9

Total non-current liabilities 228,144.6 102,031.6

Financial liabilities 3,956.9 870.8

Non-current assets held for sale 435.0 0.0 Liabilities to other creditors 20,177.7 2,744.4

Other current liabilities 5,246.7 6,158.2

Total current liabilities 29,381.3 9,773.4

Total assets 438,989.1 183,616.0 Total equity and liabilities 438,989.1 183,616.0

Financial Results FY 2018/2019Condensed IFRS balance sheet

Pro forma portfolio of

€ 493 million

including latest

notarised acquisitions

26

Capital increases in 12/18 from

18.0m to 22.5m shares

at 11.00 € per share and 09/19

+0.9 m shares to 23.5m shares

at 15.75 € per share

Revaluation gains

of 37.6 m€

Convertible bond

nominal 41.6 m€

Corporate bond

nominal 118.0 m€

Financial Results FY 2018/2019NAV, LTV and REIT equity ratio

k€ 30/09/2019 30/09/2018

Total equity 181,463.2 71,811.0

Conversion of convertible bonds 0.0 0.0

NAV 181,463.2 71,811.0

Fair value of derivative instruments - -

Deferred taxes - -

EPRA NAV 181,463.2 71,811.0

# of shares 23,451,945 18,000,056

NAV per share (€) 7.74 3.99

EPRA NAV:

k€ 30/09/2019 30/09/2018

Financial liabilities to banks 71,483.4 11,913.3

Corporate bonds 117,904.0 89,686.2

Convertible bonds 41,184.0 0.0

Liabilities to other creditors 20,177.7 2,744.4

Other financial liabilities 1,527.1 0.0

Total financial liabilities 252,276.2 104,343.9

Less cash and cash equivalents -2,065.7 -117.1

Less trust accounts* -459.0 -1,700.4

Less short term loans 0.0 -144.7

Net debt 249,751.5 102,381.7

Investment properties 392,849.0 168,242.2

Advance payments on investment property 38,886.2 11,196.1

Non-current assets held for sale 435.0 0.0

Total investment properties 432,170.2 179,438.3

Net LTV 57.8% 57.1%

LTV*:

27

* Starting from FY 2018/2019 the Trust Accounts (Property management)

have been included. The reported LTV for 30/09/2018 was 58.0%

k€ 30/09/2019 30/09/2018

Total equity 181,463.2 71,811.0

Investment properties 392,849.0 168,242.2

REIT-Equity ratio 46.2% 42.7%

REIT equity ratio

REITcriteria fulfilled

(45% by law)

k€ 01/10/2018 - 30/09/2019 01/10/2017 - 30/09/2018

Rental income 25,481.2 10,260.0

Income from operating and ancillary costs 4,258.5 2,479.3

Operating expenses -8,789.3 -4,668.6

Net rental income (NRI) 20,950.4 8,070.7

Net proceeds from the sale of investment properties 57.0 585.8

Other income 373.7 147.4

Valuation result 37,552.1 6,913.7

Personnel expenses -808.3 -453.7

Depreciation of assets -115.5 -14.1

Impairment loss of inventories and receivables -208.6 -195.0

Other operating expenses -1,592.9 -1,264.2

EBIT 56,207.9 13,790.5

Valuation result of financial liabilities -832.0 0.0

Interest income 98.6 1,634.5

Interest expenses -6,824.7 -2,971.9

EBT 48,649.8 12,453.1

Income and other taxes 22.1 1,261.2

Net income 48,671.9 13,714.3

Financial Results FY 2018/2019Condensed IFRS income statement

Income tax gains due to

reimbursement of

deferred taxes after

obtaining REIT status

28

Reporting change due to IFRS 15

from FY 2018/2019NRI margin up from

79% to = 82%

Valuation effect from the

convertible bond

Financial Results FY 2018/2019FFO / aFFO reconciliation

k€ 01/10/2018 - 30/09/2019 01/10/2017 - 30/09/2018

Total period income 48,671.9 13,714.3

Net income 0.0 -1,261.3

Adjustment Income taxes 115.5 14.1

Adjustment amortisation and depreciation -37,552.1 -6,913.7

Adjustment revaluation result 832.0 0.0

Adjustment revaluation result financial liabilities -57.0 -585.8

Adjustment sales result 446.1 -132.3

Adjustment for special effects / non-cash expenses + income 431.2 502.8

FFO undiluted 12,887.7 5,338.1

FFO per share undiluted 0.60 0.37

- Capex -3,273.4 -1,017.5

aFFO 9,614.3 4,320.6

aFFO per share (€) 0.40 0.30

Avg. # of shares for the period 21,619,034 14,511,150

FFO/aFFO:

29

Increase of FFO per share = 62%

Financial Results FY 2018/2019FFO-Guidance and Dividend proposal

▪ FFO guidance is mainly driven by prospective acquisitions

▪ DIR intends to invest between 120 m€ and 180 m€ in the FY 2019/2020

▪ Based on current projections DIR expects

an FFO between 23 m€ and 25 m€ for the Financial Year 2019/2020

▪ FFO run rate between 27 m€ and 29 m€ by the end of FY 2019/2020

▪ The Management Board plans to propose a dividend of EUR 0.16 per share

for 2018/2019 at the Annual General Meeting.

30

Appendix

Financial calendar & IR contactWe keep you informed

IR contact:

René Bergmann (CFO)

August-Bebel-Str. 68

D-14482 Potsdam

E-Mail: rb@deutsche-industrie-reit.de

Tel: +49 (0) 331 / 740 076 535

Fax: +49 (0) 331 / 740 076 520

32

Financial calendar

19/12/2019 Annual report for the financial year 2018/2019

13/02/2020 Q1 2019/2020 Interim statement

06/03/2020 Annual general meeting

14/05/2020 H1 2019/2020 financial report

13/08/2020 9M 2019/2020 Interim statement

18/12/2020 Annual report for the financial year 2019/2020

Further Information about our share, analyst coverage or financial calendar

you‘ll find here:

https://www.deutsche-industrie-reit.de/en/investor-relations/

AppendixGlossary

33

# Glossary

1 Commercial units e.g. logistics, production, warehouse, office or similar without parking and other units (for example antennas, open spaces, apartments)

2 Total rental spaceAlso contains ancillary areas such as open spaces, ancillary rooms (corridors, sanitary facilities, common areas), apartments, owner-

occupied space (concierge or similar)

3 Commercial rental space e.g. logistics, production, warehouse, office or similar without parking and other units (for example antennas, open spaces, apartments)

4 Annualised in-place rent Contractual net cold rent p.a. for all units (includes also antennas, parking lots, open spaces, apartments etc.)

5 Vacancy commercial Vacant commercial space divided by (total) commercial space

6 WALT Weighed average lease terms - only contracts with an agreed fixed term have been considered

7 IPR commercial per sqm Rent of leased commercial units divided by space of leased commercial units

8 Current market value Value determined by means of market value appraisal or, where this is not yet available, the purchase price

9 Date of transfer Transfer of ownership (benefits and encumbrances)

10 EPRA NAV per share Total equity modified according to EPRA guidelines divided by number of shares

11 FFO Funds From Operation - Recurring and one-off adjusted result from the operation of the property portfolio

12 GAV Gross Asset Value – Value of investment properties in the balance sheet

13 Net-LTV Net loan-to-value – debt (financial liabilities minus cash) divided by GAV

Disclaimer

The material in this presentation has been prepared by Deutsche Industrie REIT-AG (Deutsche Industrie) and is general background information about Deutsche Industrie’s

activities current as at the date of this presentation. This information is given in summary form and does not purport to be complete. Information in this presentation, including

forecast financial information, should not be considered as advice or a recommendation to investors or potential investors in relation to holding, purchasing or selling securities

or other financial products or instruments and does not take into account your particular investment objectives, financial situation or needs. Before acting on any information

you should consider the appropriateness of the information having regard to these matters. Any relevant offer document and in particular, you should seek independent

financial advice. All securities and financial product or instrument transactions involve risks, which include (among others) the risk of adverse or unanticipated market, financial

or political developments and, in international transactions, currency risk.

This presentation may contain forward looking statements including statements regarding our intent, belief or current expectations with respect to Deutsche Industrie REIT-AG

businesses and operations, market conditions, results of operation and financial condition, capital adequacy, specific provisions and risk management practices. Readers are

cautioned not to place undue reliance on these forward looking statements. Deutsche Industrie REIT-AG does not undertake any obligation to publicly release the result of

any revisions to these forward looking statements to reflect events or circumstances after the date hereof to reflect the occurrence of unanticipated events. While due care

has been used in the preparation of forecast information, actual results may vary in a materially positive or negative manner. Forecasts and hypothetical examples are subject

to uncertainty and contingencies outside Deutsche Industrie REIT-AG control. Past performance is not a reliable indication of future performance.

Unless otherwise specified all information are for the financial quarter ended 30 September 2019.

34