ADLER Real Estate AG: ADLER Real Estate AG announced strong financial results for 2014
ADLER Real Estate AG / Key word(s): Final Results10.03.2015 21:56Dissemination of an Ad hoc announcement according to § 15 WpHG, transmittedby DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.---------------------------------------------------------------------------Mitteilung gem. § 15 WpHGADLER Real Estate AG announced strong financial results for 2014Net income increased by almost 140% to c. EUR111.57mHamburg, 10 March 2015. ADLER Real Estate AG, Frankfurt / M., (ISINDE0005008007), recorded strong growth during the financial year 2014. Thisis reflected in a significant increase in its assets, revenues as well asthe expenses of the Company. For the financial year 2014 ADLER REAL ESTAEAG generated net profits amounting to c. EUR111.57 m up from c. EUR46.88 mfor FY 2013. According to preliminary and unaudited figures, Earnings pershare (undiluted) increased from c. EUR2.57 in FY 2013 to c. EUR4.65 forFY2014. When including the effects of capital increase in November 2014, ona diluted basis the Earnings per Share resulted in EUR3.57 up from EUR2.23for FY2013.The Company's significant performance was generated by a sharp increase inthe revenue from rental income, proceeds from the successful result of realestate sales and fees generated from the privatisation business as well assome fair value measurements in connection with acquisitions of residentialreal estate portfolios during fiscal 2014. ADLER acquired a series ofresidential portfolios in 2014 increasing the number of residential unitsfrom 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 ahalf times from EUR17.84m in FY 2013 to c. EUR83.88 m during the previousyear. Income from the sale of properties increased from EUR1.97 m in 2013to c. EUR 56.81m in 2014 (almost 30 times).ADLER's special situation strategy generated income from fair valuemeasurements amounting to c.EUR132.93m.ADLER's consolidated balance sheet also reflects the company's stronggrowth 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 investmentproperties representing EUR1.17 bn which is 82% of it.Shareholders' equity also increased due to a capital increase in November2014 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 BoardFor inquiries please contact:Press: german communications dbk agJörg BretschneiderMilchstr. 6 B, 20148 HamburgTel.: 040-46 88 33 0, Fax: 040-47 81 80presse@german-communications.comInvestor Relations: Hillermann ConsultingChristian HillermannPoststraße 14, 20354 HamburgTel.: 040-32 02 79 10, Fax: 040-32 02 79 114c.hillermann@hillermann-consulting.de10.03.2015 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: EnglishCompany: ADLER Real Estate AG Gänsemarkt 50 20354 Hamburg GermanyPhone: +49 (0)40 - 29 8130-0Fax: +49 (0)40 - 29 8130-99E-mail: info@adler-ag.comInternet: www.adler-ag.comISIN: DE0005008007, DE000A1R1A42, DE000A11QF02WKN: 500800, A1R1A4, A11QF0Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg End of Announcement DGAP News-Service ---------------------------------------------------------------------------