ADLER Real Estate AG / Key word(s): Final Results 10.03.2015 21:56 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- 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 PoststraÃe 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 --------------------------------------------------------------------------- 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 ---------------------------------------------------------------------------
DGAP-Adhoc: ADLER Real Estate AG: ADLER Real Estate AG announced strong financial results for 2014
| Source: EQS Group AG