ADLER Real Estate AG / Quarter Results 14.11.2008 Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- ADLER Real Estate AG well positioned - ADLER Real Estate AG publishes Nine-month result - Expectations for 2008 adjusted Hamburg, 14 November 2008. ADLER Real Estate AG (ISIN DE0005008007), Frankfurt, is adapting to the general slowdown in economic growth and altered conditions on the financing markets brought on by the financial crisis. For the year as a whole, the Management Board assumes that the company will achieve a slightly positivebut in all cases a balancedresult, after original forecasts called for a return of approx. 10% to 15% on equity. The current estimate takes into account the tougher financing conditions for large real estate projects, which could lead to a slowdown in transactions. Irrespective of this, the company is still consistently further developing its current projects. Various successful steps, including the parceling of building land and the preparations for issuance of building permits, have improved the company asset values. The financial statements as of 30 September 2008 still do not contain the sale, successfully closed in October, of the land to develop a logistics center in Duisburg. As a result, the income statement for the first nine months closed with a negative consolidated result of EUR 2.4 million. EBIT also amounted to minus EUR 2.4 million. Revenue declined in the reporting period to EUR 3.14 million (previous year:15.3), but was not comparable to the previous year, which included extraordinary income from the takeover of MÜBAU Real Estate GmbH. The sale of the property for logistic space became effective in October 2008 when the purchase price became due. This will lead to a significant improvement in the Group's liquidity and earnings positions in the fourth quarter. The equity ratio amounts to 74%. The company thus feels it is well armed to pass through the general crisis and to take advantage of any opportunities that arise. The Management Board If you may have any request please refer as follows German communication dbk ag Jörg Bretschneider Alsterufer 34, 20354 Hamburg Tel.: 040/46 88 33 0, Fax: 040/47 81 80 presse@german-communication.com DGAP 14.11.2008 --------------------------------------------------------------------------- Language: English Issuer: ADLER Real Estate AG Neuer Wall 77 20354 Hamburg Deutschland Phone: +49 (0)40 - 29 8130-0 Fax: +49 (0)40 - 29 8130-35 E-mail: info@adler-ag.de Internet: www.adler-ag.de ISIN: DE0005008007 WKN: 500800 Listed: Regulierter Markt in Berlin, Frankfurt (General Standard), Düsseldorf, München; Freiverkehr in Hamburg End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: ADLER Real Estate AG: ADLER Real Estate AG well positioned
| Source: EQS Group AG