Adler Real Estate AG / Quarter 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: Consolidated Profit significantly improved  - ADLER presents nine month report- Consolidated profit rose to EUR 7.597 million (EUR 1.678 million)- Basis for growing operational business establishedHamburg, November 30, 2007: In the course of the business year 2007, ADLERReal Estate AG (ISIN DE0005008007), Frankfurt has considerably expanded thebasics for its operational business and at the same time for its Companyresult. As presented in the actual nine month report 2007, the consolidatedprofit rose to EUR 7.597 million during the first nine months which isthree times as high as in the same period of the previous year (EUR 2.064million). This result is considerably affected by the acquisition of MÜBAUReal Estate GmbH beginning of the year.ADLER reports a successful expansion of business operations and a clearstructuring in its business lines containing asset management, portfolioproperties and project development. As of September 30, 2007, the salesrevenues of the ADLER Group increased to EUR 4.269 million (EUR 2.628million). The operating income adds up to EUR 15.297 million as ofSeptember 30, 2007, more than four times as much as in the previous year(EUR 3.445 million). Hence, a basis was established in the asset managementdivision to continuous growing revenues allowing ADLER to assume themanagement of two real estate portfolios in Germany along with affiliatedcompanies of the US-insurer American International Group, Inc (AIG). ADLERholds a 15 percent stake in the total investment amounting to EUR 136million and participates consequently in increasing revenues and portfoliovalue enhancements. ADLER is currently managing assets of EUR 200 million.In the range of project development business, a number of projects arecurrently developing successful as demonstrated in the spring-time acquiredland for a logistics center in Duisburg. Also the concept of the recentinvestment of ADLER's subsidiary Muenchener Baugesellschaft in a developingarea for single houses in the county district of Freising near to Munich iswell accepted on the market. The Managing Board of ADLER expects an annualprofit of about EUR 7 million for the business year 2007. It remains to beseen if additional revenues might be achieved by sales or transactions inproject dealings during the fourth quarter 2007.Managing BoardAbout ADLER Real Estate AG: ADLER Real Estate AG is active in assetmanagement, building-up of portfolio properties and commercial real estatedevelopment. The Company's core competence consists in value and profitorientated asset management and focuses on the realization and marketing ofhigh quality real estate projects. Hence, ADLER Real Estate AG aims tostrategic partnership if major projects occur. ADLER Real Estate AG'shistory dates back to the renowned Adlerwerke in Frankfurt which werefounded in the 19th century. Today, the majority shareholder of ADLER RealEstate AG is the U.S. Investor Mezzanine IX.If you may have any request please refer as follows:Agency contact:german communications dbk agJörg BretschneiderAlsterufer 34, 20354 HamburgFon: +49 (0)40 - 46 88 33 0Fax: +49 (0)40 - 47 81 80presse@german-communications.com 30.11.2007  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 ---------------------------------------------------------------------------