DGAP-Adhoc: POLIS Immobilien expects further improvements in its IFRS results for 2012 as well as a positive evaluation result

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.

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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

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Language:     English
Company:      POLIS Immobilien AG
              Rankestraße 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
 
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