ACCENTRO Real Estate AG Heading for Banner Year

(DGAP-Media / 13.11.2015 / 08:00)

PRESS RELEASE

ACCENTRO Real Estate AG Heading for Banner Year
- Revenue in the core business increased by 120 percent to 26 million
euros during the first nine months

- Consolidated income rose to 22.2 million euros (previous year: -3.1
million euros)

- Earnings per share at EUR 0.90 (previous year: EUR -0.15)

- At 4.77 euros, NAV per share substantially exceeds share price

Berlin, 13 November 2015 - The listed German property company ACCENTRO Real
Estate AG (WKN A0KFKB, ISIN DE000A0KFKB3) is heading for its best year-end
result on record. In its core segment, which is housing privatisation, the
company reported a leap in revenues as well as a surge in portfolio and
inventory property lettings by 30 September.
The consolidated income realised during the first nine months of the
financial year came to 22.2 million euros, after -3.1 million euros by the
end of the prior-year period. The EBIT rose to 35.4 million euros. This is
up from just 5.6 million euros at the end of the first nine months of 2014.
"Our strong position in the core business of housing privatisation is
reflected in a great scorecard. Due to economies of scale, the leap in
revenues by more than 100 percent has been a disproportionate boost to the
year's profit," said Jacopo Mingazzini, CEO of ACCENTRO Real Estate AG.
Earnings per share went up significantly to 0.90 euros. As late as the end
of the prior-year period, the balance sheets still recognised a loss of
1.15 euros that was mainly explained by fiscal effects of the change of
control.

Privatisation Business Remains the Driving Success Factor
In its housing privatisation segment, ACCENTRO Real Estate AG generated
revenue of 26.0 million euros during the first nine months of 2015. This
implies a revenue increase by 120 percent year on year. In 2014, the
nine-month turnover had still been 11.8 million euros. At the same time,
revenues increased in the letting business. ACCENTRO Real Estate AG no
longer considers property letting and property asset ownership part of its
core business. This explains why the total value of the company's stock of
investment properties dropped from 278.1 million euros to 199.2 million
euros since the beginning of the year. During the same period, the combined
value of its inventory properties increased from 75.9 million euros to
158.6 million euros. Meanwhile, the equity ratio rose from 21.3 to 26.9
percent since the start of this year.

"We are extremely content with the development of our portfolio, our
balance sheet, and specifically with the result of the first nine months.
Moreover, we continued to expand our total assets - and this despite the
sale of our Hohenschönhausen portfolio. This was by no means a foregone
conclusion," commented Mingazzini.

EPRA-NAV Rises to 4.77 Euros per Share
The period under review also saw the company's net asset value grow. By 30
September, the NAV according to EPRA equalled 4.77 euros per share. "Our
continued efforts to streamline the group structure makes us confident of
our ability to keep pursuing the company's sound performance beyond the end
of the 2015 financial year. The group's structure now provides a robust
foundation for sustainable and profitable growth," said Mingazzini.

About ACCENTRO Real Estate AG
ACCENTRO Real Estate AG is a listed residential property company. Its core
business consists of tenant-sensitive housing privatisations. The company's
subsidiary ACCENTRO GmbH is the market leader for housing privatisation
services in Germany.

ACCENTRO Real Estate AG has its registered office in Berlin and is listed
on the Prime Standard of the Frankfurt Stock Exchange (German securities
code number [WKN]: A0KFKB).

Media and Public Relations Contact:
Felix Georg Rösner
Media and Communication Consulting
Dr. ZitelmannPB. GmbH
Rankestrasse 17
D-10789 Berlin
E-mail: [e-mail]
Tel.: +49 30 - 72 62 76 188
Fax: +49 30 - 83 62 76 1793


End of Media Release

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Issuer: Accentro Real Estate AG
Key word(s): Enterprise

13.11.2015 Dissemination of a Press Release, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Accentro Real Estate AG
Uhlandstr. 165
10719 Berlin
Germany
Phone: +49 (0)30 - 887 181 - 0
Fax: +49 (0)30 - 887 181 - 11
E-mail: [e-mail]
Internet: www.accentro.ag
ISIN: DE000A0KFKB3
WKN: A0KFKB
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart


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