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ADLER Real Estate AG: ADLER Real Estate concludes its largest acquisition so far and realizes substantial effect on earnings

ADLER Real Estate AG  / Key word(s): Miscellaneous

30.06.2014 19:48

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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The issuer is solely responsible for the content of this announcement.


ADLER Real Estate concludes its largest acquisition so far and realizes
substantial effect on earnings

  - Substantial effect on earnings from upcoming fair value measurements in
    first half of 2014

  - EPRA NAV of ADLER Group reaches approx. EUR 11 per share

  - Portfolios include approx. 8,500 residential and commercial units

Hamburg, 30 June 2014. ADLER Real Estate Aktiengesellschaft, Frankfurt/M.,
(ISIN DE0005008007) has successfully concluded its largest acquisition so
far on its mission for an important residential real estate company with
properties throughout Germany. The almost complete takeover of seven
property holding companies, which was contractually secured at the end of
May 2014, such as another acquisition of a smaller portfolio in Thuringia
from the beginning of June became effective today. Together the portfolios
consist of approx. 8,500 residential and commercial units. The value of
both portfolios amounts to roughly EUR 409 million.

After deduction of all recurring operating, management and financing costs
the portfolios generate a positive cash flow for ADLER Group. From the
consolidation of the now successfully acquired portfolios and from ESTAVIS
AG, Berlin, in which also a majority shareholding was acquired, ADLER
expects a substantial effect on its earnings situation in the first half of
2014 due to the upcoming fair value measurement of the acquired assets in
accordance with IFRS standards. Currently it becomes apparent that the EPRA
NAV of the expanded ADLER Group will reach approx. EUR 11 per share. Due to
the extensive work on the semi-annual financial statements the semi-annual
report 2014 shall only be published on 31 August 2014.

The residential real estate portfolios spread out across almost all federal
states in Germany. In combination with the secured portfolios of ESTAVIS AG
the property portfolio of ADLER now amounts to approx. 25,000 residential

The Management Board

For inquiries please contact:

Press: german communications dbk ag  
Jörg Bretschneider
Milchstr. 6 B, 200148 Hamburg, Germany
Phone: +49-(0)40/46 88 33 0, Fax: +49-(0)40/46 88 33 40    

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

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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