ADLER Real Estate AG

Earnings Release • Aug 31, 2007

News Details

Ad-hoc | 31 August 2007 08:16

Adler Real Estate AG: ADLER Real Estate AG announces its figures for the first six months 2007

Adler Real Estate AG / Half Year Results

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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+++ ADLER Real Estate AG announces its figures for the first six months
2007 +++

+++ EBIT rises to EUR 7.70 Mio. (Previous year: EUR 0.07 million) +++

Hamburg, August 31 st, 2007. The real estate company, ADLER Real Estate AG
(ISIN: DE0005008007), in Frankfurt announces the figures for the first six
months 2007. The operating income amounts to EUR 10.99 million as of June
30, 2007 compared with EUR 1.17 million as of June 30, 2006. The EBIT could
be increased from EUR 0.07 million on June 30, 2006 to EUR 7.70 million as
of June 30, 2007. During the first six months 2007, the net income after
taxes increased to EUR 7.6 million compared with the previous year by EUR
7.26 million. The result per share amounts to EUR 0.51 as of June 30, 2007
having a total of 15.000.000 shares. As of June 30, 2007, the balance sheet
amounts to EUR 48.98 million, and the balance sheet increased from 37.05
million by 32% for the first six months of the current business year. The
company's equity ratio represents 71.5% at the end of the first half year.
As of June 30, 2007 the company has about EUR 11.27 in liquid funds. Hence,
the increase mainly results from the takeover of the MÜBAU Real Estate GmbH
as of January 1, 2007.

The initial consolidation successfully leads to a surplus of EUR 8.15
million between the purchase price and declared equity capital,
simultaneously the balance sheet approaches has been confirmed through the
liquidity-related sale of two properties in Munich and Berlin after
write-up in value.

The semi-annual report is available under
www.adler-ag.de/htm/ir_berichte.php.

The Management Board

Contacts (see next page)

If you may have any request please refer as follows:

Company Contact:

ADLER Real Estate AG

Neuer Wall 77

20354 Hamburg

www.adler-ag.de

Telefon: +49 (40) 29 8130-0

Telefax: +49 (40) 29 8130-99

info@adler-ag.de

Agency Contact:

Gesellschaft für Effekteninformation mbH

Carl Bosch Haus

Hamburger Allee 26-28

60486 Frankfurt am Main

www.gfei.de

Telefon: +49 (69) 74 30 37 00

Telefax: +49 (69) 74 30 37 22

ir-adler@gfei.de

About ADLER Real Estate AG:

ADLER Real Estate AG is active in commercial real estate development,
portfolio investment and asset management. The Company's core competence is
in the realization and marketing of high quality national and international
real estate projects. Hence, ADLER Real Estate AG agrees to strategic
partnership if major projects occur. ADLER Real Estate AG's history dates
back to the renowned Adlerwerke in Frankfurt which were founded in the 19th
century. Today, the majority shareholder of ADLER Real Estate AG is the
U.S. Company Mezzanine IX.
31.08.2007 Financial News transmitted by DGAP

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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
Indices:
Listed: Amtlicher Markt in Berlin, Frankfurt (General Standard),
Düsseldorf, München; Freiverkehr in Hamburg

End of News DGAP News-Service

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