DEMIRE Deutsche Mittelstand Real Estate AG

Earnings Release • Nov 30, 2007

News Details

Ad-hoc | 30 November 2007 21:18

MAGNAT profit (consolidated / IFRS) for the six months ended September 30, 2007 increases to EUR 2.57 million

MAGNAT Real Estate Opportunities GmbH & Co. KGaA / Half Year Results

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

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MAGNAT Real Estate Opportunities GmbH & Co. KGaA (ISIN DE000A0J3CH0) looks
back at a successful first half financial year 2007/08 (six months ended
September 30th, 2007). The consolidated profit (IFRS based) after taxes and
minority interests increased from EUR 0.11 million (for the reference
period of the preceding financial year) to EUR 2.57 million (plus 2.137% –
the reference period was an incomplete fiscal year, the corporation was
founded on April 6, 2006). Earnings per share are EUR 0,05 per share (EUR
0,01 per share for the reference period of the preceding financial year).

Net result from rental activities was EUR 1.24 million. As a result of
first sales from the development portfolio, the profit from investments
accounted for 'at equity' was EUR 3.09 million. The result in both
segments was zero for the reference period of the preceding financial
year. Operating result (EBIT) was EUR 2.37 million (EUR 0.11 million for
the reference period of the preceding financial year). Net financial
income was EUR 0.35 million (EUR 0.23 million for the reference period of
the preceding financial year), income before taxes was EUR 2.72 million
(EUR 0.12 million for the reference period of the preceding financial
year).

In contrast to predominant industry practice, MAGNAT has up to now
completely abstained from 'IFRS 40 revaluations' of its real estate
portfolio. As no revaluations to market values were made, earnings are
from profits realized through sales and from rental income only.

Consolidated equity as of September 30, 2007, was EUR 100.59 million
(including EUR 12.17 million minority interests), corresponding to an
equity ratio of 90 percent (45.45 million and 91 percent as of March 31,
2007). Total consolidated assets as of September 30, 2007 were EUR 112.09
Mio. (EUR 49.99 Mio. as of March 31, 2007). Total assets will increase,
and equity ratio will be reduced gradually, as development-projects
progress and bank lines are utilized. Medium-term, the target equity ratio
is approximately 60 percent.

The complete financial report of the first half of the financial year is
available on MAGNAT websites via
http://www.magnat-reop.com/de/investorrelations/finanzberichte.

Eva Moertenhuber
Investor Relations
MAGNAT Real Estate Opportunities GmbH & Co. KGaA
Grueneburgweg 18
60322 Frankfurt am Main
Tel.: +49 (0) 69 719 189 79 15
E-Mail: eva.moertenhuber@magnat-reop.com

30.11.2007 Financial News transmitted by DGAP

Language: English
Issuer: MAGNAT Real Estate Opportunities GmbH & Co. KGaA
Grüneburgweg 18
60322 Frankfurt am Main
Deutschland
Phone: +49 (0)69 / 719 189 79 0
Fax: +49 (0)69 / 719 189 79 11
E-mail: info@magnat-reop.com
Internet: www.magnat-reop.com
ISIN: DE000A0J3CH0
WKN: A0J3CH
Listed: Frankfurt (General Standard); Freiverkehr in Berlin,
Stuttgart

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