DGAP-News

DIC Asset AG exceeded its targets for 2015

DGAP-News: DIC Asset AG / Key word(s): Final Results
DIC Asset AG exceeded its targets for 2015

01.03.2016 / 07:00
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

Press Release

Frankfurt, 1 March 2016

DIC Asset AG exceeded its targets for 2015

- FFO up 2 per cent, to EUR 49 million (2014: EUR 47.9 million)

- Target LTV of below 60 per cent achieved

- Consolidated profit for the period rose to EUR 20.7 million (2014: EUR
14.0 million)

- Funds business growing significantly - with approximately EUR 1.1
billion in assets under management - and continuously rising profit
contributions

- NAV per share increased to EUR 12.89 (2014: EUR 12.61)

- Proposed dividend increase, to EUR 0.37 per share (2014: EUR 0.35 per
share)

DIC Asset AG (German Securities ID A1X3XX / ISIN DE000A1X3XX4) presented
today its report for the 2015 financial year. The Company achieved - and in
some instances exceeded - the targets for its business. Thanks to
successful management of the portfolio, operating profit increased once
again. FFO rose by EUR 1.1 million, or 2 per cent, to EUR 49.0 million
(2014: EUR 47.9 million, whilst leverage (expressed by the loan-to-value or
LTV ratio) was lowered to 62.6 per cent as at 31 December 2015, and sank
further to below 60 per cent at the beginning of 2016 (31 Dec 2014: 65.9
per cent). This means that the Company has achieved this key strategic
objective a year ahead of schedule. Backed by the successful financial year
2015, and the good starting position for 2016, the Management Board
proposes to increase the dividend by 2 cents a share, to EUR 0.37 per share
(2014: EUR 0.35 per share). Based on the volume-weighted share price of
8.39 EUR since the beginning of 2015, this translates into an attractive
dividend yield of around 4.4 per cent.

Aydin Karaduman, CEO of DIC Asset AG, said: "For DIC Asset AG 2015 was at
both the operating and strategic levels a very successful year. We will
share this success with our shareholders in the form of an attractive
dividend. With the performance targets that were reached one year earlier
than planned we now have an excellent base to further strengthen DIC Asset
AG's position in the German commercial real estate market - in the
interests of the Company's shareholders."

Operating target achievement above expectations

DIC Asset AG generated gross rental income of approximately EUR 136.7
million in 2015 (2014: EUR 147.5 million); the full-year result thus