DGAP-News

Aroundtown Property Holdings Plc. : ANNOUNCES H1 2015 RESULTS DEMONSTRATING SUCCESSFUL GROWTH AND STRONG OPERATIONAL DEVELOPMENT

Aroundtown Property Holdings Plc. / Key word(s): Half Year Results/Interim Report

28.08.2015 07:01

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OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR
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AROUNDTOWN PROPERTY HOLDINGS PLC
ANNOUNCES H1 2015 RESULTS DEMONSTRATING SUCCESSFUL GROWTH AND STRONG
OPERATIONAL DEVELOPMENT

- EBITDA totaling to EUR 536.4 million, up by 193% from H1 2014

- Net profit increased by 213% to EUR 505.4 million from H1 2014

- Earnings per share rose to EUR 83 cent, up by 388% from H1 2014

- Rental and operating income amounted to EUR 46.2 million, up 338% from
H1 2014 pro-forma rental income

- Adj. EBITDA increased to EUR 61.1 million, up 138% from H1 2014

- FFO I increased to EUR 40.2 million, up 150% from H1 2014

- FFO I per share increased to EUR 8.04 cent, up by 150% from H1 2014

- FFO I run rate (12*July 2015) amounts to EUR97 million, EUR 0.19 per
share.

- Total assets increased to EUR 3.09 billion.

- Total pro-forma Group assets (including GCP's assets and the capital
increase in July) grew to EUR 6.13 billion

- Total equity amounted to EUR 1.74 billion. Total equity pro-forma
including the EUR320 million capital increase in July amounts to EUR
2.06 billion

- EPRA NAV grew to EUR 1.85 billion. EPRA NAV pro-forma including July
capital increase amounts to EUR 2.17 billion

- High amount of flexibility with EUR 225 million cash and liquid assets.

- Conservative capital structure with an LTV of 33%, an equity ratio of
56% and Interest Coverage Ratio of 6x

28 August 2015.

Aroundtown Property Holdings PLC (the "Company", "AT") announces the
interim results for the first half of 2015 demonstrating the Company's
successful implementation of its growth and operational development.

AT's asset base including GCP assets and the July capital increase grew to
over EUR6 billion. The equity base increased substantially and exceeded
EUR2 billion including July capital increase.

The operational improvements over the first half of the year do not reflect
the full impact of the portfolio, as a significant amount of assets were
added during and towards the end of the reporting period and has
contributed only partially to the results. The current portfolio's monthly