Colonia Real Estate AG / Preliminary Results 14.02.2008 Release of a Corporate-announcement, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Colonia Real Estate AG confirms increased guidance of EUR 67 to 70mn and achieves record earnings 2007 First time dividend expected for 2007 Increase of net profit in 2008 expected to be EUR 72 to 75mn Cologne, 14th of February 2008 Colonia Real Estate AG (ISIN DE0006338007) entirely achieved its previously increased earnings target for the full year 2007 of EUR 67 to 70mn on a preliminary, yet uncertified, figure basis. The net profit could be more then doubled year-on-year and presents the so far most successful year in the companies story. The Executive Board will propose a first time dividend payment for 2007 on the next annual general meeting. The amount of the dividend proposal will be decided on the release of the final figures on the 17th of March. Besides good growth in the asset and fund management, particularly the investment business on residential apartments was contributing to the strong earnings increase. Apartments held of CRE AG could be more then doubled to around 20,000 units. Sustainable increase of the occupancy rate and the increase of units possessed trippled the rental income in 2007 to almost EUR 47mn. In the next five years, the company expects through additional vacancy reduction measures and a optimization of the rents a repeated significant increase of up to EUR 74mn rental income on the current portfolio. The revenue in the asset management could be quadrupled to more then EUR 12mn. Assets under management held were growing from previous EUR 1,5bn to now more then EUR 3bn. Colonia Real Estate expects for 2008 a positive business development and an increase of the net profit to EUR 72 to 75mn. Thereof, two-thirds are expected to come from rental income, asset and fund management fees and realized profits from disposals. CRE will actively profit in 2008 from the consolidation opportunities in the German real estate sector. Together with its existing joint venture partners, the CRE group sees up to EUR 1bn equity available for new investments where Colonia intends to act as asset manager and co-investor. Contact: Christoph D. Kauter Head of Corporate Finance and Investor Relations Colonia Real Estate AG Zeppelinstr. 4-8 50667 Köln Telefon: +49 (0)221 71 60 71 0 Fax: +49 (0) 221 71 60 71 99 E-Mail: ir@cre.ag PR and Press Contact: edicto GmbH Axel Mühlhaus Tel.: +49 (0) 69 9055055-2 amuehlhaus@edicto.de DGAP 14.02.2008 --------------------------------------------------------------------------- Language: English Issuer: Colonia Real Estate AG Zeppelinstr. 4 - 8 50667 Köln Deutschland Phone: +49 221-716071-0 Fax: +49 221-716071-99 E-mail: info@cre.ag Internet: www.cre.ag ISIN: DE0006338007 WKN: 633800 Indices: SDAX, GPR 250, MSCI Germany Small Cap Index, FTSE EPRA/ NAREIT, E&G DIMAX Listed: Regulierter Markt in Berlin, Frankfurt (Prime Standard), Düsseldorf; Freiverkehr in Hamburg, München, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-News: Colonia Real Estate AG confirms increased guidance of EUR 67 to 70mn and achieves record earnings 2007 - First time dividend expected for 2007 Increase of net profit in 2008 expected to be EUR 72 to 75mn
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