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ADLER Real Estate AG: Supervisory Board Confirms Results

ADLER Real Estate AG / Final Results

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  - 2008 results weighed down by EUR 4.9 million in write-downs

  - Capital base remains very strong

Hamburg, 31 March 2009. The results disclosed by ADLER Real Estate AG,
Hamburg, for Financial Year 2008 have been characterized by revaluation of
assets. In its balance sheet session, the Supervisory Board had adopted the
company initial results estimate, under which the company had a
consolidated net loss of EUR 4.2 million in 2008, following consolidated
earnings of EUR 7.3 million the year before. Results have been weighed down
by about EUR 4.9 million in write-downs. ADLER Group had a net operating
profit of EUR 0.5 million in 2008. The consolidated balance sheet still
shows strong shareholders' equity. The equity ratio at the end of the
reporting year was 73.6%, down from 77.6% the year before. The company
expects to get back into the black again this year.

The Management Board 

For questions, please contact:

german communications dbk ag

Jörg Bretschneider

Alsterufer 34, 20354 Hamburg

Phone: 040/46 88 33 0, Fax: 040/47 81 80 
31.03.2009  Financial News transmitted by DGAP
Language:     English
Issuer:       ADLER Real Estate AG
              Neuer Wall 77
              20354 Hamburg
Phone:        +49 (0)40 - 29 8130-0
Fax:          +49 (0)40 - 29 8130-35
ISIN:         DE0005008007
WKN:          500800
Listed:       Regulierter Markt in Berlin, Frankfurt (General Standard),
              Düsseldorf, München; Freiverkehr in Hamburg
End of News                                     DGAP News-Service