DGAP-News

WCM continues growth path with half-year results and plans dividend pay-out for 2016

DGAP-News: WCM Beteiligungs- und Grundbesitz-AG / Key word(s): Half Year
Results
WCM continues growth path with half-year results and plans dividend pay-out
for 2016

22.08.2016 / 08:30
The issuer is solely responsible for the content of this announcement.

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WCM continues growth path with half-year results and plans dividend pay-out
for 2016
- Real estate portfolio grew by 13.8% to EUR 575.6 million (year-end
2015: EUR 505.7 million)

- FFO I stands at EUR 8.3 million (prev. year: EUR 0.2 million)

- Annualised rental income increased to EUR 33.7 million (year-end 2015:
EUR 31.5 million)

- EPRA NAV rose to EUR 335.0 million or EUR 2.54 per share (year-end
2015: EUR 290.6 million or EUR 2.38 per share)

- First dividend pay-out since operational restart planned for full year
2016

- Management board reaffirms 2016 forecast

Frankfurt, 22 August 2016 - WCM Beteiligungs- und Grundbesitz-AG (WCM AG,
ISIN: DE000A1X3X33) continued its growth path with the 2016 half-year
results. The company reaffirms its forecast and expects to pursue
additional acquisitions in the forthcoming months. As a consequence of the
half-year results, WCM is planning to pay out a dividend for the full year
2016 for the first time since its operational restart. The dividend amount
will be proposed following the conclusion of the 2016 fiscal year.

Earnings and EPRA NAV substantially increased

The earnings of WCM rose significantly to EUR 13.4 million compared to EUR
0.8 million in the previous year. The improved results were driven by an
increase in rental income, successful divestments and revaluation of the
portfolio. For the first time the 2015 acquired assets were fully reflected
in the half-year results. WCM's funds from operations (FFO I) increased to
EUR 8.3 million or EUR 0.07 per share in comparison to EUR 0.2 million or
EUR 0.01 per share for the period of the previous year. The FFO II
including the divestments in the first six months stands at EUR 9.1 million
or EUR 0.08 per share.

As of 30 June 2016, the EPRA Net Asset Value (NAV) rose by 15.3% to EUR
335.0 million compared to EUR 290.6 million at the year-end 2015. In
addition, the net loan-to-value (Net-LTV) remained in WCM's lower target
corridor at 50.1% compared to 50.0% at 2015 year-end.

Portfolio successfully managed and expanded

WCM's portfolio amounted to EUR 575.6 million despite the disposal of
several non-strategic assets above book value. In addition to two newly
acquired assets, WCM reports additional value-enhancing measures for the
portfolio resulting in a moderate uplift in valuation. The newly acquired