According to Art.17 of Marktmissbrauchsverordnung (MMVO) a listed company is obliged to publish without undue delay so-called insider information – meaning information which could considerably influence the price of the shares or other securities of the company in case the information became publicly known.

ADLER Real Estate AG: ADLER Real Estate AG with significant increase in results in 2013

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

10.03.2014 16:22

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 with significant increase in results in 2013

  - Consolidated earnings increased to EUR 46.9 million according to
    preliminary figures

  - Fair value and at equity measurement of the new investments

  - Equity increases to EUR 86.9 million

Hamburg, 10 March 2014. ADLER Real Estate Aktiengesellschaft ("ADLER Real
Estate", ISIN: DE0005008007 / WKN: 500800), Frankfurt/M., strongly improved
its net assets and earnings position in business year 2013 in the course of
the company's realignment and the connected investments in the development
of a substantial residential real estate portfolio. Based on preliminary
figures, consolidated earnings according to IFRS increased to EUR 46.9
million (previous year: EUR 0.5 million). Overall result improved to EUR
46.9 million (previous year: EUR 0.4 million). The significant rise in
earnings mainly results from revaluations of the acquired shares in
residential real estate portfolios according to IFRS standards such as from
disposals of several properties and shareholdings.

The fair value measurements of the new shareholdings alone add up to EUR
59.5 million. Total operating income including resale proceeds increased to
EUR 78.2 million (previous year: EUR 5.8 million). Due to the substantial
improvement in earnings, equity increased to EUR 86.9 million (end of 2012:
EUR 26.4 million). Balance sheet total increased to EUR 460.9 million (end
of 2012: EUR 43.8 million). Also consolidated revenues reflect the
considerable growth in business operations. Altogether consolidated
revenues increased to EUR 19.2 million (previous year: EUR 5.7 million).
Additionally to proceeds from ongoing sales of properties this figure
includes consolidated rental incomes from those residential real estate
portfolios in which ADLER acquired shares in the course of 2013. Final
figures will be published in April 2014 in the annual report.

The Management Board

For inquiries please contact:

Press: german communications dbk ag   
Jörg Bretschneider     
Alsterufer 34, 20354 Hamburg, Germany 
Phone: +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
Phone: +49-(0) 40/32 02 79 10
Fax: +49-(0)40/32 02 79 114 

10.03.2014 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at and

Language:     English
Company:      ADLER Real Estate AG
              Alstertor 17
              20095 Hamburg
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