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ADLER Real Estate AG: ADLER Real Estate AG significantly increases nine month results

ADLER Real Estate AG  / Key word(s): Quarter Results

12.11.2013 11:21

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


ADLER Real Estate AG significantly increases nine months results

  - Consolidated earnings of EUR 42.19 million as at 30 September 2013

  - Fair value and at equity measurement of the new investments

  - Equity increases to EUR 81.1 million

Hamburg, 11 November 2013. ADLER Real Estate Aktiengesellschaft ('ADLER
Real Estate', ISIN: DE0005008007 / WKN: 500800), Frankfurt/M., strongly
improved consolidated earnings as at the end of September based on the
valuations of the company's investments in residential real estate
portfolios in 2013. During the first nine months of the business year
consolidated earnings increased to EUR 42.19 million compared with EUR -1.2
million in the same period of the previous year. The strong increase also
in the third quarter of the business year is based on the at equity
measurement of a minority participation at a residential property portfolio
which was acquired on 30 August 2013. In the first half of the business
year consolidated earnings on the basis of fair value measurements already
amounted to EUR 33.6 million.

The significant increase in earnings resulted to an equity of EUR 81.1
million as at the end of September 2013. This corresponds to an equity
ratio of 22.7 % with regard to balance sheet total, which due to the
investment activities increased to EUR 357.8 million at the balance sheet
date (end of 2012: EUR 43.8 million). Also consolidated revenues reflect
the growth in ADLER's business operations and increased to EUR 11.1 million
(Q3 2012: EUR 3.1 million). Further details will be published on 15
November 2013 in the consolidated interim management report on the first
nine months.

The Management Board

For inquiries please contact:

Media: german communications dbk ag
Jörg Bretschneider
Alsterufer 34, 20354 Hamburg, Germany
Tel.: +49 (0)40/46 88 33 0, Fax: +49 (0)40/47 81 80

Investor Relations: Hillermann Consulting
Christian Hillermann
Poststraße 14, 20354 Hamburg, Germany
Tel.: +49 (0)40/32 02 79 10, Fax: +49 (0)40/32 02 79 114

12.11.2013 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at and

Language:     English
Company:      ADLER Real Estate AG
              Herriotstr. 5
              60528 Frankfurt am Main
Phone:        +49 (0)40 - 29 8130-0
Fax:          +49 (0)40 - 29 8130-35
ISIN:         DE0005008007, DE000A1R1A42, 
WKN:          500800, A1R1A4
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg
End of Announcement                             DGAP News-Service