DGAP-News

ADO Properties S.A. concludes first half of 2016 with significant earnings growth - Seite 2

residential units as of the reporting date. As of 30 June 2016, the net
asset value of the company increased to EUR 1,060 million or EUR 27.55 per
share. The company's financing structure remains conservative with a LTV of
40.3% as of 30 June 2016 and an average interest on loans of 1.97% p.a.
Nearly all loans have a fixed interest rate or are hedged accordingly, with
an average remaining maturity of c. 6 years.

Positive outlook for the 2016 financial year confirmed
"In June 2016, we had the privilege to get together with all our employees
and many business partners to celebrate the tenth anniversary of our
company's founding. The results of the first half of 2016 demonstrate that
we continue our growth path in our anniversary year. However, growth is not
a stand-alone goal; it must always go hand in hand with solid operating
performance. Through our recent portfolio acquisitions, we were able to
deploy a significant part of our liquidity and ensured further upside
potential," said Rabin Savion, CEO of ADO Properties. "In light of the
solid performance in the first six months of 2016, we are able to confirm
our like-for-like rental growth target of at least 5% for the full
financial year 2016 and continue to expect an FFO1 run rate of at least EUR
50 million at the end of the 2016."

Board of Directors: Jörn Stobbe appointed as new non-executive director
As of 1 September 2016 Jörn Stobbe FRICS (51) will be appointed as non-
executive director in the board of directors of ADO Properties S.A. He
replaces Jörg Schwagenscheidt who has resigned from his position by mutual
consent. Jörn Stobbe, a qualified banker (Bankkaufmann) and solicitor, was
previously a partner at the law firm Clifford Chance, one of Germany's
leading law firms for real estate. He is also active as Chairman of the
Board of the Royal Institution of Chartered Surveyors, first in Germany and
now in Europe, and as a Board member of the Initiative Corporate Governance
of the German
Real Estate Industry.

Key Figures         30.06.16   30.06.15  Difference       Difference
                                         absolute         percentage
Income from rental  41,746     28,607    13,139           45.9%
activities, in
thousands EUR
EBITDA from rental  29,734     21,099    8,635            40.9%
activities, in
thousands EUR
EBITDA, in          31,271     21,822    9,449            43.3%
thousands EUR
FFO 1 from rental   19,855     13,138    6,717            51.1%
activities
in thousands EUR
FFO 1 per share,    0.55       0.53      0.02             3%
EUR
FFO 2 (incl.        21,392     13,861    7,531            54.3%
disposal results),
in thousands EUR