DGAP-News

TLG IMMOBILIEN increases its FFO during the first nine months of 2014 and further expands its portfolio

DGAP-News: TLG IMMOBILIEN AG / Key word(s): 9-month figures/Real
Estate
TLG IMMOBILIEN increases its FFO during the first nine months of 2014
and further expands its portfolio

28.11.2014 / 07:30

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Press release

TLG IMMOBILIEN AG increases its FFO during the first nine months of 2014
and further expands its portfolio

- FFO increased by 28 percent to EUR 40.4 million (previous year: EUR
31.6 million)

- Third-quarter acquisitions further expand core portfolio

- Management Board bolsters FFO forecast of approximately EUR 50.0
million for all of 2014 and confirms potential dividend

Berlin, 28 November 2014 - TLG IMMOBILIEN AG, a leading commercial real
estate company focussed primarily on Berlin and regional economic centres
in eastern Germany, increased its Funds from Operations (FFO) by 28 percent
to EUR 40.4 million during the first nine months of the year (previous
year: EUR 31.6 million) and further optimised its real estate portfolio
through additional acquisitions. As at 30 September 2014, rental income
amounted to EUR 85.4 million (prior-year period: EUR 88.9 million), due
primarily to the Q4 2013 disposal of properties which were not aligned with
the portfolio's strategy. Consolidated net profit for the first nine months
of 2014 amounted to EUR 68.5 million (previous year: EUR 75.3 million).

The interim financial report along with TLG IMMOBILIEN AG's complete
consolidated interim financial statements for the first nine months of 2014
was published online today under the following URL: TLG.de > Investor
Relations > Financial Reports

Acquisitions further expand core portfolio

During the third quarter of 2014, TLG IMMOBILIEN expanded its core
portfolio centred around the "Forum am Brühl" - a premium, virtually
fully-let office property located in the heart of Leipzig directly across
from the city's central station.

In addition, TLG IMMOBILIEN further optimised its office property portfolio
after the reporting date by acquiring an additional property in
Berlin-Mitte located in direct proximity to the river Spree. This premium
office building, which was completed in 2014, has more than 12,000 square
metres of lettable space and is primarily leased long term to the Verdi
union and Deutsche Bahn. The vacancy rate of approximately twelve percent
as at the acquisition date has since already been reduced to below two
percent.

Furthermore, a purchase agreement was notarised on 27 November 2014 for a
speciality retail centre in Berlin-Adlershof with some 33,450 square metres
of lettable space. The total purchase price for this property amounts to