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ADLER Real Estate AG: ADLER Real Estate AG significantly increases its operating profit in the first half of 2015

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

24.08.2015 11:45

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


Publication in Accordance with § 15 of the Securities Trading Act

ADLER Real Estate AG significantly increases its operating profit in the
first half of 2015

  - Gross rental income increased by c. 220% from c. EUR 25.0 million to
    EUR 80.86 million.

  - Income from sales and privatisation increased by 18 x from EUR 1.27
    million to EUR 23.5 million in H1 2015.

  - EBIT excluding fair value adjustments rose by 171% from EUR 31.98
    million to EUR 86.51 million.

Hamburg, 24 August 2015.  During the first half of 2015, ADLER Real Estate
AG (ISIN: DE0005008007 / WKN: 500800), Frankfurt am Main, significantly
increased its gross rental income as a result of the strong growth in its
property portfolio as well as from its privatisation and trading platform
Accentro GmbH. According to preliminary figures for the first half of 2015,
gross rental income from properties increased by more than 220% from EUR 25
million to EUR 80.86 million in H1 2015. Income from privatisation and
sales of properties also significantly increased by more than 18 times from
EUR 1.27 million in H1 2014 to EUR 23.51 million in H1 2015. At the end of
last year and in January 2015, ADLER acquired two property portfolios with
c.11.000 units with the corresponding rental income now for the first time
being almost entirely reflected in H1 results.

In H1 2015, the net result decreased from EUR 105.6 million in H1 2014, to
EUR 56.5 million in H1 2015 as the fair value adjustments decreased from
EUR 105 million to EUR 10.6 million. However, consolidated earnings before
interest and taxes (EBIT) excluding effects from fair value adjustments
significantly increased by more than 170% from EUR 31.98 million in H1 2014
to EUR 86.51 million in H1 2015. The significant increases in earnings are
also the result of the first time consolidation of property companies as
well as the successful sale of a property portfolio in

WESTRGRUND AG, Berlin, was also consolidated for the first time on the 30th
June 2015 increasing ADLER's total assets by more than 80% from EUR 1.42
billion to EUR 2.61 billion. First half 2015 results do not include any
earnings contributions from WESTGRUND AG, Berlin.

The Management Board

For inquiries please contact:

PRESS: german communications dbk ag
Jörg Bretschneider
Milchstr. 6 B, 20148 Hamburg
Tel.: 040/46 88 33 0, Fax: 040/47 81 80

INVESTOR RELATIONS: Hillermann Consulting
Christian Hillermann
Poststraße 14, 20354 Hamburg
Tel.: 040/32 02 79 10, Fax: 040/32 02 79 114

24.08.2015 The DGAP Distribution Services include Regulatory Announcements,
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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 8130-99
ISIN:         DE0005008007, XS1211417362, DE000A1R1A42, DE000A11QF02
WKN:          500800, A14J3Z, A1R1A4, A11QF0
Indices:      SDAX 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated
              Unofficial Market in Berlin, Dusseldorf, Hamburg
End of Announcement                             DGAP News-Service