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Adler Real Estate AG: Adler Real Estate AG aiming for two-digit return on equity

Adler Real Estate AG / Preliminary ResultsRelease of an Ad hoc announcement according to § 15 WpHG, transmitted byDGAP - a company of EquityStory AG.The issuer is solely responsible for the content of this announcement.----------------------------------------------------------------------ADLER Real Estate AG aiming for two-digit return on equity  - Expansion and growth of business operations in 2007  - High net income also through special influencing factorsHamburg, March 11, 2008. ADLER Real Estate AG, Hamburg, expanded itsoperating business in 2007 and successfully achieved again a very positiveresult. The annual net surplus of EUR 7.27 millions (previously: EUR 8.56millions) resulted again from special influencing factors, namely from theacquisition of MÜBAU Real Estate GmbH and the liquidation of some assets,which in this context were acquired. These transactions are reflected inother operating income that increased to EUR 18.43 millions (previously:EUR 12.16 millions). Earnings per share amounted to EUR 0.40 for thefinancial year 2007 (previously: EUR 0.70).The increase in consolidated revenues to EUR 5.41 millions (previous: EUR2.63 millions) is the result of ongoing sales of properties, rental incomeof property portfolios and asset management fees, a result of theacquisition of two portfolios in November 2007 that will be the basis ofrevenues in the coming years. The earnings should be retained, followingthe proposal of the Managing Board, in order to sustain the basis forfurther business expansion.In 2008, the expenses of the Group will be covered by current revenues,particularly from the asset management. The asset Management will bevigorously expanded also in 2008. Moreover, it is planned to generateadditional operating revenues from ongoing project development. Altogether,the Managing Board aims at a return of 10 to 15% on invested capital. TheSupervisory Board will decide at a meeting at the end of March on theadoption of the annual accounts. The complete annual report will bepublished at end of April.The Managing Board For further inquiries, please contact:german communications dbk agJörg BretschneiderAlsterufer 34, 20354 HamburgTel.: +49 (0)40 46 88 33 0, Fax: +49 (0)40 47 81 11.03.2008  Financial News transmitted by DGAP---------------------------------------------------------------------- Language:     EnglishIssuer:       Adler Real Estate AG              Neuer Wall 77              20354 Hamburg              DeutschlandPhone:        +49 (0)40 - 29 8130-0Fax:          +49 (0)40 - 29 8130-35E-mail:       info@adler-ag.deInternet:     www.adler-ag.deISIN:         DE0005008007WKN:          500800Listed:       Regulierter Markt in Berlin, Frankfurt (General Standard),              Düsseldorf, München; Freiverkehr in Hamburg End of News                                     DGAP News-Service ---------------------------------------------------------------------------