DGAP-Adhoc

WCM Beteiligungs- und Grundbesitz-AG: WCM announces strong earnings of 17.6 million Euro for first 9 months 2015 - Seite 2

to WCM's portfolio. The transfer of ownership is expected to be completed
by the end of the fourth quarter, leading to a portfolio net yield 6.3%.
The weighted average remaining lease term (WALT) over the total portfolio
is at 9.4 years as of end of November 2015.

Strong Asset Management and Leasing Activities

WCM has taken advantage of the very liquid German letting market and signed
new leases of 3,912 sqm, as well as lease extensions of around 14,530 sqm
for the office properties in Berlin, Dusseldorf and Bonn. The low vacancy
rate of 6.2% reflects the high attractiveness of WCM's real estate
portfolio.

Attractive Financing Structure

The rental income is complemented by attractive financing conditions. The
current portfolio is financed with an average interest rate of 2.2% and a
loan maturity of 7.5 years. By 31 December 2015 the pro forma average
interest rate for the entire portfolio is expected to stand at 2.1% with a
loan maturity of 6.1 years. The third quarter's loan to value (LTV) equals
39.6%. The pro forma LTV for WCM's entire portfolio is expected to stand at
60.5%. At the end of the third quarter 2015, WCM has c. 29 million Euro in
cash reserves.

2016 Outlook

Given the strong growth of the portfolio, WCM AG will announce annualized
rental income and FFO on a quarterly basis going forward.

Based on the total contractually secured and closed portfolio, the
annualized rental income amounts to 31.6 million Euro.

WCM AG's funds from operations (FFO I), the result of operating activities,
are expected to equal c. 20.2 million Euro or 0.18 Euro per share in 2016.

The full nine month report is available for download in the investor
relations section under www.wcm.de.

Explanatory Part

WCM's CEO Mr. Efremidis and CFO/CIO Mr. Frank Roseen would like to invite
institutional investors, analysts and journalists to a conference call on
Thursday, 19 November 2015 at 12.00h CET (Central European Time) to present
the third quarter earnings and an outlook for 2016. Please register with
edicto to receive further details regarding dial-in ([e-mail] or +49
(0) 69905 505 50).

About WCM AG

WCM Beteiligungs- und Grundbesitz-AG (WCM AG), with headquarters in
Frankfurt am Main, is a specialised commercial real estate company. As a
real estate proprietor, the focus is on long-term rental of high-quality
office and retail properties in the major office locations in Germany.
Since the operational restart in 2014, WCM AG has focused on an extensive
network for the purchase of properties as well as on value-creating asset
management, in order to generate attractive long-term rental income and a
steady cash flow. At October 2015, the property portfolio comprised of more
than EUR 500 million. The company has extensive loss carry forwards in
corporate and commercial tax. Shares in WCM AG are listed in the Prime
Standard of Deutsche Borse.

Press contact

edicto GmbH
Axel Mühlhaus/ Dr. Sönke Knop
[phone]
[e-mail]


19.11.2015 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: WCM Beteiligungs- und Grundbesitz-AG
Friedrich-Ebert-Anlage 36
60325 Frankfurt am Main
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.wcm.de
ISIN: DE000A1X3X33
WKN: A1X3X33
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime
Standard), Hamburg, Stuttgart; Regulated Unofficial Market in
Munich

End of Announcement DGAP News-Service

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