ADLER Real Estate AG

Earnings Release • Mar 10, 2015

News Details

Ad-hoc | 10 March 2015 21:56

ADLER Real Estate AG: ADLER Real Estate AG announced strong financial results for 2014

ADLER Real Estate AG / Key word(s): Final Results

10.03.2015 21:56

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Mitteilung gem. § 15 WpHG

ADLER Real Estate AG announced strong financial results for 2014

Net income increased by almost 140% to c. EUR111.57m

Hamburg, 10 March 2015. ADLER Real Estate AG, Frankfurt / M., (ISIN
DE0005008007), recorded strong growth during the financial year 2014. This
is reflected in a significant increase in its assets, revenues as well as
the expenses of the Company. For the financial year 2014 ADLER REAL ESTAE
AG generated net profits amounting to c. EUR111.57 m up from c. EUR46.88 m
for FY 2013. According to preliminary and unaudited figures, Earnings per
share (undiluted) increased from c. EUR2.57 in FY 2013 to c. EUR4.65 for
FY2014. When including the effects of capital increase in November 2014, on
a diluted basis the Earnings per Share resulted in EUR3.57 up from EUR2.23
for FY2013.

The Company's significant performance was generated by a sharp increase in
the revenue from rental income, proceeds from the successful result of real
estate sales and fees generated from the privatisation business as well as
some fair value measurements in connection with acquisitions of residential
real estate portfolios during fiscal 2014. ADLER acquired a series of
residential portfolios in 2014 increasing the number of residential units
from 7,797 at the end of 2013 to c. 24,086 including some commercial units.

Gross rental income from the properties increased by more than three and a
half times from EUR17.84m in FY 2013 to c. EUR83.88 m during the previous
year. Income from the sale of properties increased from EUR1.97 m in 2013
to c. EUR 56.81m in 2014 (almost 30 times).

ADLER's special situation strategy generated income from fair value
measurements amounting to c.EUR132.93m.

ADLER's consolidated balance sheet also reflects the company's strong
growth in 2014. Total assets in 2014 amounted to c. EUR1.416 bn from c.
EUR0.461 bn in FY 13 (c. 200% increase). With the increase in investment
properties representing EUR1.17 bn which is 82% of it.

Shareholders' equity also increased due to a capital increase in November
2014 as well as its consolidated Net Asset Value of c. EUR311,21m
(previous year: c. EUR86.9m) representing an equity ratio of around 22%.

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
Poststraße 14, 20354 Hamburg
Tel.: 040-32 02 79 10, Fax: 040-32 02 79 114
c.hillermann@hillermann-consulting.de

10.03.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: ADLER Real Estate AG
Gänsemarkt 50
20354 Hamburg
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, DE000A1R1A42, DE000A11QF02
WKN: 500800, A1R1A4, A11QF0
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg

End of Announcement DGAP News-Service

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