EANS-News

S IMMO AG / results higher again - Seite 2

three quarters of 2014 including the participating certificates
results amounted to EUR -47.6m, as against EUR -46.6m for the first
nine months of 2013. This was achieved in spite of negative foreign
currency effects. EBT came out at EUR 27.3m, an increase of 6.6% on
the EUR 25.6m for the same period last year. The consolidated net
profit rose to EUR 22.2m (Q3 2013: EUR 21.4m).

Key indicators at last year's very satisfactory levels FFO I (Funds
from operations) for the first three quarters of 2014 amounted to EUR
17.9m, compared with EUR 22.5m a year earlier. FFO II, which includes
gains on property sales and valuation gains on properties sold in the
current year, was EUR 33.1m, 3.2% better than the EUR 32.1m in the
same period in 2013.

Net operating income (NOI) for the period was EUR 76.3m, compared
with EUR 76.7m a year earlier. The NOI margin improved by 1.5
percentage points to 54.3%.

As at 30 September 2014, both balance sheet NAV (book value) and EPRA
NAV per share rose: the book value per share stood at EUR 7.97 (31
December 2013: EUR 7.83), while EPRA NAV per share was EUR 9.89 (31
December 2013: EUR 9.76).

Capital markets Capital markets continue to be dynamic: The S IMMO
share closed the third quarter at EUR 6.160 for a very satisfactory
year-to-date gain of 16.5%. This means that the share significantly
outperformed the ATX and IATX.

At the end of September, S IMMO issued a EUR 100m five-year corporate
bond with a coupon of 3% p.a., thus using the favourable interest
environment to drive the growth of the Group forward. The bond was
almost three times oversubscribed when placed with institutional
investors and was a complete success.

Outlook S IMMO AG's strategy remains unchanged: the Group invests in
four property use types and in four regions, focusing on European
Union capital cities. This makes it possible to take advantage of
different real estate cycles, and recognise potential early. The
focus is primarily on the booming property market in Berlin, where
the home ownership ratio of around 15% and continuing high influx
make for a very attractive scenario. S IMMO is planning to construct
freehold apartment projects on land it already owns. At the same
time, the Group is looking into investments in commercial properties.

On the basis of the good quarterly results, the Management Board
reaffirms its goal for the financial year 2014: once again to
increase the results of the previous year. The Group also intends to
continue to pursue its steady dividend policy.

S IMMO AG As Austria's first stock exchange listed real estate