POLIS Immobilien AG / Key word(s): Dividend/Change in Forecast 24.10.2012 09:06 Dissemination 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. --------------------------------------------------------------------------- AD HOC RELEASE POLIS Immobilien expects further improvements in its IFRS results for 2012 as well as a positive evaluation result - FFO forecast likely to be exceeded - Internal restructuring expected to result in a strong positive result under German Commercial Code (HGB) principles - Balance sheet profits under HGB expected, dividend payment for 2012 open Berlin, 24 October 2012 For 2012, POLIS Immobilien AG [ISIN: DE0006913304] expects further enhanced Group results under international accounting standards (IFRS) as well as, once again, a positive evaluation as a result of a revaluation of its investment real estate portfolio. The Company's forecast that the 'Funds from Operations' (FFO) would double in 2012 to approximately EUR 2.5 million, which was confirmed in the six-month financial report as of 30/06/2012, will likely be exceeded. The expected results improvement is based on further progress in the modernisation of the investment real estate and sustained positive leasing results. As the Group's year-end result will be proportionally affected by the further development in the valuation of the investment property, and this area is subject to substantial assessment uncertainties, the company will abstain from formulating a quantified forecast at this stage. The forecast is subject to the caveat that no unexpected events will occur before the end of the year. As a result of an internal restructuring, significant amounts in undisclosed reserves were realised in October of 2012. Together with the enhanced operating results and the write-ups demanded by German accounting principles for assets on which writedowns had been performed in previous years, at the POLIS Immobilien corporate level the company expects an annual surplus of EUR 8 million under German accounting principles (HGB). The company can therefore - assuming no unforeseeable events - expect that the balance sheet requirements for the payment of a dividend for the financial year 2012 will be met. Profit appropriation will be decided by the General Meeting, which will take place on an as yet undetermined date next year. Because the major part of the annual surplus will result from an internal restructuring measure without liquidity inflows, it can be expected that any potentially resulting financial leeway will primarily be applied to additional growth rather than to dividend payments. --- End of Ad Hoc Release --- The Company will, as scheduled, publish its interim report for the third quarter of 2012 on 08 November 2012. POLIS Immobilien AG, which was founded in Berlin in 1998, is a listed real estate company that buys, refurbishes/revitalises, and manages office properties for its own portfolio. The company focuses on one market segment: office properties in inner-city locations at the most important German office centres. The company acquires properties that are either already renovated and are completely let, thereby generating stable cash flow, or properties that are vacant or require modernisation, and which offer specific value appreciation potential. This potential may be realised by corresponding modernisation measures or full revitalisation. As of June 30 2012, POLIS Immobilien's real estate portfolio comprised a total of 29 properties with a market value of around EUR 296 million. POLIS Immobilien shares are listed on the regulated market (Prime Standard, ISIN: DE0006913304) of the Frankfurt Securities Exchange. Further information can be found at www.polis.de. Investor Relations: Press contact: Dr. Alan Cadmus Britta Cirkel POLIS Immobilien AG HOSCHKE & CONSORTEN Public Relations GmbH Tel: +49 30 225 00 250 Tel: +49 40 36 90 50- 56 E-Mail: ir@polis.de E-Mail: b.cirkel@hoschke.de URL: www.polis.de 24.10.2012 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: POLIS Immobilien AG RankestraÃe 5/6 10789 Berlin Germany Phone: +49 30 225 00-261 Fax: +49 30 225 00-299 E-mail: info@polis.de Internet: www.polis.de ISIN: DE0006913304 WKN: 691330 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Hamburg, München End of Announcement DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: POLIS Immobilien expects further improvements in its IFRS results for 2012 as well as a positive evaluation result
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