DGAP-Adhoc

POLIS Immobilien AG: POLIS Immobilien reports continued improvement in operating figures

POLIS Immobilien AG / Key word(s): Preliminary Results/Final Results

30.01.2015 16:08

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.

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- At approx. EUR 10.3 million, preliminary consolidated earnings before
tax exceeds latest forecast by 30%

- Funds from operations climb over 30% to approx. EUR 6.7 million

- Net asset value nevertheless increases only moderately due to non-cash
valuation losses from financial derivatives

Berlin, 30 January 2015. According to preliminary figures, POLIS Immobilien
AG, Berlin, increased its consolidated earnings before tax by 6% to approx.
EUR 10.3 million in 2014. The increased result is primarily attributable to
higher income from the valuation of investment properties, extraordinary
income from a guarantee payment and a positive result from the valuation of
certain interest rate hedging instruments. This means that earnings before
taxes (EBT) are about EUR 2.5 million higher than last projected by the
company. At the same time, funds from operations (FFO), which are adjusted
for extraordinary results, rose by approx. 30% to EUR 6.7 million.

At approx. EUR 8.7 million, consolidated net income was up by 7% on the
previous year.

Other income, which is directly offset against equity outside the income
statement, reached a negative EUR -3.3 million last year. It is primarily
based on non-cash losses from the valuation of interest rate hedging
instruments of EUR -4.7 million caused by the drop in market interest
rates. As a result, consolidated comprehensive income declined by 40% to
EUR 5.4 million and the net asset value increased by only 3.9% to EUR 15.24
per share.

POLIS has used financial instruments to hedge interest rate risks for many
years. A change in market interest rates leads to non-cash results from the
valuation of these financial instruments which are released by the end of
the term. The figures reported in this announcement are preliminary and
have not yet been confirmed by the auditor. The final result may therefore
differ from the figures published here.

End of ad-hoc release

POLIS Immobilien AG, which was founded in Berlin in 1998, is a listed real
estate company that buys, refurbishes/revitalises, and manages office
properties for its own portfolio. The company focuses on one market
segment: office properties in inner-city locations at the most important
German office centres. The company acquires properties that are either
already renovated and are completely let, thereby generating stable cash
flow, or properties that are vacant or require modernisation, and which
offer specific value appreciation potential. This potential may be realised
by corresponding modernisation measures or full revitalisation. As of
September 30 2014, POLIS real estate portfolio comprised a total of 23
properties with a market value of around EUR 311 million. POLIS Immobilien
shares are listed on the regulated market (Prime Standard, ISIN:
DE0006913304) of the Frankfurt Securities Exchange. Further information can
be found at www.polis.de.

Investor Relations: Press contact:
Dr. Alan Cadmus Andreas Hoschke
POLIS Immobilien AG HOSCHKE & CONSORTEN Public Relations GmbH
Tel: [phone] Tel: [phone]
E-Mail: [e-mail] E-Mail: [e-mail]
URL: www.polis.de


30.01.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: POLIS Immobilien AG
Rankestraße 5/6
10789 Berlin
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.polis.de
ISIN: DE0006913304
WKN: 691330
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Hamburg, München

End of Announcement DGAP News-Service

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