ADLER Real Estate AG / Key word(s): Half Year Results 24.08.2015 11:45 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Publication in Accordance with § 15 of the Securities Trading Act ADLER Real Estate AG significantly increases its operating profit in the first half of 2015 - Gross rental income increased by c. 220% from c. EUR 25.0 million to EUR 80.86 million. - Income from sales and privatisation increased by 18 x from EUR 1.27 million to EUR 23.5 million in H1 2015. - EBIT excluding fair value adjustments rose by 171% from EUR 31.98 million to EUR 86.51 million. Hamburg, 24 August 2015. During the first half of 2015, ADLER Real Estate AG (ISIN: DE0005008007 / WKN: 500800), Frankfurt am Main, significantly increased its gross rental income as a result of the strong growth in its property portfolio as well as from its privatisation and trading platform Accentro GmbH. According to preliminary figures for the first half of 2015, gross rental income from properties increased by more than 220% from EUR 25 million to EUR 80.86 million in H1 2015. Income from privatisation and sales of properties also significantly increased by more than 18 times from EUR 1.27 million in H1 2014 to EUR 23.51 million in H1 2015. At the end of last year and in January 2015, ADLER acquired two property portfolios with c.11.000 units with the corresponding rental income now for the first time being almost entirely reflected in H1 results. In H1 2015, the net result decreased from EUR 105.6 million in H1 2014, to EUR 56.5 million in H1 2015 as the fair value adjustments decreased from EUR 105 million to EUR 10.6 million. However, consolidated earnings before interest and taxes (EBIT) excluding effects from fair value adjustments significantly increased by more than 170% from EUR 31.98 million in H1 2014 to EUR 86.51 million in H1 2015. The significant increases in earnings are also the result of the first time consolidation of property companies as well as the successful sale of a property portfolio in Berlin-Hohenschönhausen. WESTRGRUND AG, Berlin, was also consolidated for the first time on the 30th June 2015 increasing ADLER's total assets by more than 80% from EUR 1.42 billion to EUR 2.61 billion. First half 2015 results do not include any earnings contributions from WESTGRUND AG, Berlin. The Management Board For inquiries please contact: PRESS: german communications dbk ag Jörg Bretschneider Milchstr. 6 B, 20148 Hamburg Tel.: 040/46 88 33 0, Fax: 040/47 81 80 presse@german-communications.com INVESTOR RELATIONS: Hillermann Consulting Christian Hillermann PoststraÃe 14, 20354 Hamburg Tel.: 040/32 02 79 10, Fax: 040/32 02 79 114 c.hillermann@hillermann-consulting.de 24.08.2015 The DGAP 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 Herriotstr. 5 60528 Frankfurt am Main Germany Phone: +49 (0)40 - 29 8130-0 Fax: +49 (0)40 - 29 8130-99 E-mail: info@adler-ag.com Internet: www.adler-ag.com ISIN: DE0005008007, XS1211417362, DE000A1R1A42, DE000A11QF02 WKN: 500800, A14J3Z, A1R1A4, A11QF0 Indices: SDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg End of Announcement DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: ADLER Real Estate AG: ADLER Real Estate AG significantly increases its operating profit in the first half of 2015
| Source: EQS Group AG