DGAP-Adhoc

WCM Beteiligungs- und Grundbesitz-AG: WCM announces strong earnings of 17.6 million Euro for first 9 months 2015

WCM Beteiligungs- und Grundbesitz-AG / Key word(s): 9-month figures/Real Estate

19.11.2015 08:30

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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The issuer is solely responsible for the content of this announcement.

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Ad hoc disclosure according to Section 15 of the WpHG

WCM announces strong earnings of 17.6 million Euro for first 9 months 2015

- Earnings per share 0.29 Euro

- Portfolio of more than 50 assets contractually secured with gross asset
value of more than 500 million Euro

- Average cost of debt at favorable 2.2%

- Annualised rental income of 31.6 million Euro

- Funds from Operations (FFO) of 20.2 million Euro expected for 2016

Frankfurt, 19 November 2015 - WCM Beteiligungs- und Grundbesitz-AG (WCM AG,
ISIN: DE000A1X3X33) has continued its portfolio growth in the first 9
months 2015 and achieved a consolidated net income of 17.6 million Euro
corresponding to an earnings per share of 0.29 Euro. In the same period of
the previous year, WCM AG reported consolidated losses of 1.0 million Euro
or earnings per share of -0.07 Euro. The contractually secured real estate
portfolio includes more than 50 assets. As of 30 September 2015, WCM's
equity has increased from 31.8 million Euro to 208.5 million Euro. WCM AG
expects the remaining contractually secured assets to close in the fourth
quarter, leading to a further growth of the net asset value by the end of
the year.

Portfolio Growth

Over the recent months WCM AG has acquired office properties in Germany's
major cities and areas such as the Rhine-Main region, Bonn, Dusseldorf and
Berlin. In addition, it has acquired retail properties in the Rhine-Main
region, Saxony-Anhalt, Lower Saxony and Berlin. As of 30 September 2015,
the market value (GAV - Gross Asset Value) of closed assets amounted to
280.4 million Euro. In the first 9 months of 2015, the net rental income of
the portfolio amounted to 6.0 million Euro. Over the last quarter, WCM AG
has announced the acquisition of a DIY store in North Rhine-Westphalia for
10 million Euro and a fully let office property in the Frankfurt area for
c. 49 million Euro. As a result of the portfolio growth, one-off
transaction costs of 4.7 million Euro were accounted for in this period.

Pro forma Portfolio

The pro forma market value (GAV - Gross Asset Value) of the closed and
contractually secured assets totals 501.3 million Euro. The market value of
the third quarter 2015 portfolio amounts to 280.4 million Euro, while the
remaining contractually secured assets will add further 220.9 million Euro