DGAP-News

DIC Asset AG: Successful 2014 Financial Year - Strategy Plan 2016 Progressing according to Plan

DGAP-News: DIC Asset AG / Key word(s): Preliminary Results
DIC Asset AG: Successful 2014 Financial Year - Strategy Plan 2016
Progressing according to Plan

13.01.2015 / 08:02

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Frankfurt, 13 January 2015

DIC Asset AG: Successful 2014 Financial Year - Strategy Plan 2016
Progressing according to Plan

- FFO forecast matched in 2014: around EUR 48 million (+5 percent)

- DIC Onsite to engage in third-party business, too

- Board resolution passed to support the move of Ulrich Höller to the
supervisory board in 2016


Preliminary Figures for 2014

At the start of 2015, DIC Asset AG (German Securities ID: WKN A1X3XX / ISIN
DE000A1X3XX4) released the first preliminary key performance indicators for
the 2014 financial year: All things considered, DIC Asset AG achieved its
targets for 2014. The Company realised a FFO of around EUR 48 million
(2013: EUR 45.9 million). The gross rental income is expected to total
between EUR 145 and EUR 147 million (2013: EUR 125.2 million), which
implies a year-on-year increase by around 17 percent that was mainly
generated by the increased revenues from the joint venture portfolio taken
over in late 2013.

DIC Asset AG also achieved a letting result of approximately 240,000 sqm in
2014 (2013: 176,000 sqm), thereof attributable 27,000 sqm in total to the
current project developments "MainTor" in Frankfurt and "Opera Offices Neo"
in Hamburg. As intended, the robust letting result achieved a stable
vacancy rate of around 11 percent (2013: 10.7 percent).

Overall, we realised an acquisition volume of around EUR 180 million (2013:
EUR 600 million) across our business divisions, with Q4 having developed a
particularly brisk momentum. Especially the investment fund business line
grew significantly. We acquired 7 assets in a combined volume of around EUR
135 million (2013: EUR 119 million). By the end of 2014, we had realised a
total sales volume of around EUR 162 million (2013: EUR 99 million), which
breaks down into approximately EUR 95 million in sales from our directly
held Commercial Portfolio, and approximately EUR 67 million in sales in the
co-investment segment.

We further transacted successful sales in an investment volume of around
EUR 390 million in the property development sector by selling the projects
"WINX - THE RIVERSIDE TOWER" in Frankfurt and "Opera Offices Neo" in
Hamburg this past fall.


Clear Strategic Alignment

By achieving its marketing milestones as published in 2014, DIC Asset AG