ADLER Real Estate AG

Earnings Release • Feb 26, 2007

News Details

Ad-hoc | 26 February 2007 08:09

Adler Real Estate AG: ADLER announces preliminary figures for 2006

Adler Real Estate AG / Preliminary 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 announces preliminary figures for 2006

+++ Increase in total operating performance of 59% up to 13.2 mn euros

+++ Group result in the amount of 8.6 mn euros (prev. year 4.1 mn euros;
+ 109%)

+++ Equity ratio of 75%

Hamburg, February 26, 2007. Today, the ADLER Real Estate AG (ISIN: DE
DE0005008007), Frankfurt, announces its preliminary figures for the
business year 2006. Thus, ADLER Real Estate AG achieved an increase in its
total operating performance of about 59%, coming from 8.3. mn euros in the
business year 2005 up to 13.2 mn euros in the business year balanced 2006.
As of the balance sheet date December 31, 2006, the EBIT added up to 8.9 mn
euros, compared to 4.4. mn euros as of December 31, 2005. This meets an
annual percentage increase of 102%. The Group result ran up from 4.2 mn
euros as of December 31, 2005, up to 8.6 mn euros in the reporting period
2006, therefore a heightening of 4.5 mn euros. To a better part, total
operating performance was obtained by a reversal of write-downs. Along with
a sound equity ratio of 75% (28% as of December 31, 2005), as of the
reporting date of December 31, 2006, ADLER Real Estate AG disposes of cash
and cash equivalents in the amount of 10.4 mn euros (prev. year 2005: 1.4.
mn euros).

The final Group accounts in accordance with IFRS is supposed to be made
public in April 2007.

The Board

For further queries, please contact:

ADLER Real Estate AG

Neuer Wall 77

D-20354 Hamburg

www.adler-ag.de

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

fax: +49 (0)40 29 8130-99

info@adler-ag.de

About ADLER Real Estate AG:

ADLER Real Estate AG is dealing in the business fields of commercial
project development, portfolio management, asset management, and closed
property funds. 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 26.02.2007

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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