ADLER Real Estate AG

Earnings Release • May 31, 2007

News Details

Ad-hoc | 31 May 2007 23:45

Adler Real Estate AG announces its figures of the first quarter 2007

Adler Real Estate AG / Quarter 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 of the first quarter 2007+++

+++ EBIT rises up to EUR 7.21 mn. +++

+++ Balance sheet total: EUR 49.99 mn; Equity ratio of 71.7 per cent +++

Hamburg, May 31, 2007: Today, the ADLER Real Estate AG (ISIN
DE0005008007),Frankfurt, announces its figures for the first quarter 2007.
The operating income amounts to EUR 8.34 mn after EUR 0.77 mn in the
comparable period as of 2006. Basically the increase is a result of the
acquisition of MÜBAU Real Estate GmbH as of January, 1st. Due to the first
consolidation an income related surplus arises from the difference between
the purchasing price and the reported equity. Balancing all assets by fair
value, profits of EUR 7.17 mn. are shown, which is displayed in other
operating income.
EBIT increased from 0.24 mn in the first quarter 2006 by EUR 6.97 mn up to
EUR 7.21 mn. Hence, the company generated a group result of EUR 7.18 mn in
the first quarter 2007. This is an increase of 6.94 mn compared to the
first quarter 2006. As of March, 31st 2007, earnings per share amount to
EUR 0.48.

As of march 31st balance sheet total equals EUR 49.99 mn - an increase of
35 per cent. Equity ratio is 71.7 per cent. Further on the company has
liquid assets in the amount of EUR 9.87 mn available.

Besides the business segments of commercial project development, portfolio
management and asset management the real estate enterprise is additionally
positioned in the residential building sector due to the acquisition of
MÜBAU Real Estate GmbH.

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

The board

Contacts:

Company Contact:

ADLER Real Estate AG

Neuer Wall 77

D-20354 Hamburg

www.adler-ag.de

Phone: ++49 (40) 29 8130-0

Fax: ++49 (40) 29 8130-99

info@adler-ag.de

Agency Contact:

Gesellschaft für Effekteninformation mbH

Beethovenstraße 60

60325 Frankfurt am Main, Germany

www.gfei.de

Phone: ++49 (69)74 30 37 00

Fax: ++49 (69)74 30 37 06

ir-adler@gfei.de

About ADLER Real Estate AG:

ADLER Real Estate AG is dealing in the business fields of commercial
project development, portfolio management and asset management. The
company’s core competence is in the realization and marketing of ambitious
national and international real estate projects. ADLER Real Estate AG
emerged from the tradition-rich corporate veil of the Adlerwerke in
Frankfurt. Their history goes back to the 19th century. Today, the majority
shareholder of ADLER Real Estate AG is the U.S. company Mezzanine IX
Investors L.P.

DGAP 31.05.2007

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
www: www.adler-ag.de
ISIN: DE0005008007
WKN: 500800
Indices:
Listed: Amtlicher Markt in Berlin-Bremen, Frankfurt (General
Standard), Düsseldorf, München; Freiverkehr in Hamburg

End of News DGAP News-Service

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