Annual Report 2023

21. Dividend per share

The dividend entitlement for the share classes is based on the portion of distributable profit attributable to the relevant division.

At the Annual General Meeting held on 15 June 2023, shareholders approved the proposal by the Executive Board and Supervisory Board to distribute a dividend of € 0.75 per share to the shareholders of the Port Logistics subgroup and of € 2.20 per share to the shareholders of the Real Estate subgroup. The total dividend of € 60,336 thousand was paid accordingly on 20 June 2023. For further information, please refer to Note 35.

The remaining undistributed profit was carried forward to the new account.

For the reporting period, the Executive Board and the Supervisory Board will propose to the Annual General Meeting scheduled for 13 June 2024 the distribution of a cash dividend of € 0.08 per dividend-entitled listed class A share. Meanwhile, a cash dividend of € 2.20 is proposed per non-listed class S share. Based on the number of dividend-entitled shares as of 31 December 2023, this is equivalent to a distribution of € 5,801 thousand for the Port Logistics subgroup and of € 5,950 thousand for the Real Estate subgroup.

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