ADLER Real Estate AG / Key word(s): Miscellaneous 30.06.2014 19:48 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- ADLER Real Estate concludes its largest acquisition so far and realizes substantial effect on earnings - Substantial effect on earnings from upcoming fair value measurements in first half of 2014 - EPRA NAV of ADLER Group reaches approx. EUR 11 per share - Portfolios include approx. 8,500 residential and commercial units Hamburg, 30 June 2014. ADLER Real Estate Aktiengesellschaft, Frankfurt/M., (ISIN DE0005008007) has successfully concluded its largest acquisition so far on its mission for an important residential real estate company with properties throughout Germany. The almost complete takeover of seven property holding companies, which was contractually secured at the end of May 2014, such as another acquisition of a smaller portfolio in Thuringia from the beginning of June became effective today. Together the portfolios consist of approx. 8,500 residential and commercial units. The value of both portfolios amounts to roughly EUR 409 million. After deduction of all recurring operating, management and financing costs the portfolios generate a positive cash flow for ADLER Group. From the consolidation of the now successfully acquired portfolios and from ESTAVIS AG, Berlin, in which also a majority shareholding was acquired, ADLER expects a substantial effect on its earnings situation in the first half of 2014 due to the upcoming fair value measurement of the acquired assets in accordance with IFRS standards. Currently it becomes apparent that the EPRA NAV of the expanded ADLER Group will reach approx. EUR 11 per share. Due to the extensive work on the semi-annual financial statements the semi-annual report 2014 shall only be published on 31 August 2014. The residential real estate portfolios spread out across almost all federal states in Germany. In combination with the secured portfolios of ESTAVIS AG the property portfolio of ADLER now amounts to approx. 25,000 residential units. The Management Board For inquiries please contact: Press: german communications dbk ag Jörg Bretschneider Milchstr. 6 B, 200148 Hamburg, Germany Phone: +49-(0)40/46 88 33 0, Fax: +49-(0)40/46 88 33 40 presse@german-communications.com Investor Relations: Hillermann Consulting Christian Hillermann PoststraÃe 14, 20354 Hamburg, Germany Phone: +49-(0)40/32 02 79 10, Fax: +49-(0)40/32 02 79 114 c.hillermann@hillermann-consulting.de 30.06.2014 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: ADLER Real Estate AG Alstertor 17 20095 Hamburg Germany Phone: +49 (0)40 - 29 8130-0 Fax: +49 (0)40 - 29 8130-35 E-mail: info@adler-ag.com Internet: www.adler-ag.com ISIN: DE0005008007, DE000A1R1A42, WKN: 500800, A1R1A4 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg End of Announcement DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: ADLER Real Estate AG: ADLER Real Estate concludes its largest acquisition so far and realizes substantial effect on earnings
| Source: EQS Group AG