FRANKFURT (dpa-AFX) - The chart of Dic Asset remains badly battered on Tuesday due to further share price losses. By early afternoon, the securities of the commercial real estate specialist had extended their decline to 7.5 percent, continuing the previous day's slide unabated. They also fell completely out of line with the sector trend, as the pan-European real estate sub-index simultaneously recovered by almost two percent. It thus led the sector table. Dic Asset, meanwhile, has already lost 17 percent of its value within a week.

The company had surprised last Friday after the Frankfurt stock exchange closed with a profit warning, which was justified with higher interest payments due to a bridge financing for the acquisition of VIB-Vermogen shares. This also made some analysts sit up and take notice: Baader Bank already significantly cut its estimates on Monday and now private bank Berenberg followed suit on Tuesday with a downgrade from "Buy" to "Hold". In his study, Berenberg analyst Kai Klose does not want to rule out that there will also be a capital increase sooner or later.

The papers of VIB Vermogen held up better on Tuesday: with an increase of 1.3 percent, they more than made up for the relatively small losses that occurred at the beginning of the week. Because VIB acts as a lender in the mesh with parent company Dic Asset, the real estate holding company had conversely raised its forecast on Friday evening due to additional interest income.

Dic Asset had secured a majority stake in VIB in March 2022. Around this event, at times more than 16 euros were paid for the Dic Asset shares, before it then went steeply downhill - also because of the rapidly rising capital market interest rates and a lull in the real estate market triggered by this. Since then, the share price has lost more than 70 percent of its value. The record high of just under 30 euros from 2007 is still much further away./tih/bek/stk