DGAP-News

Aroundtown Property Holdings Plc.'s H1 2016 results: increasing operational profits and value creation - Seite 2

EUR410 million revaluation profits rising from property value creation
which together with the operational profit resulted in EUR510 million
profit for the first six months of 2016. AT has continued the external
portfolio growth momentum after the reporting period and as of August 2016
the Group's portfolio generates a monthly annualized adjusted EBITDA of
EUR264 and an annualized FFO I of EUR171 million (EUR0.25 per share).
AT has constructed the operational platform to cater for further internal
and external growth and to extract additional potential from the current
portfolio.

Solid equity, low financial leverage alongside high liquidity level, enable
Aroundtown to further pursue attractive opportunities and create accretive
growth. Board of Directors updated the financial policy and set the LTV
limit at 45%, down from 50%.

EPRA NAV for the 30th of June 2016 amounted to EUR3.9 billion, increasing
by 28% since year-end 2015, due to the profit over the period and the
successful EUR270 million equity capital increase in April 2016.
Additionally in April 2016, AT continued its fruitful capital market
activities by issuing EUR600 million straight bonds, Series D, bearing a
1.5% coupon rate.
In June 2016 Standard & Poor's increased AT's credit rating to BBB,
following the favorable financial structure, and acknowledging AT's good
scale and diversification and material operational improvement in
occupancy.

In July 2016 AT issued Series E, EUR500 million 8-year straight bond
bearing a 1.5% coupon, decreasing the total cost of debt to 2%.

The full H1 2016 interim financial report is available on the Company's
website:
http://www.aroundtownholdings.com/downloads.html

About the Company
Aroundtown Property Holdings Plc (trading symbol: AT1 on Frankfurt Stock
Exchange/Xetra; ALATP on Euronext) is a specialist real estate company
focused on value-add income generating properties primarily in the German
real estate markets. Aroundtown Property Holdings Plc (ISIN: CY0105562116)
is a public limited liability company incorporated in 2004 under the laws
of Cyprus, having its registered office at Artemidos & Nikou Dimitriou, 54
B, 6027, Larnaca, Cyprus (registered number HE148223).

Contact:

Timothy Wright
T: [phone]
E: [e-mail]
www.aroundtownholdings.com

Disclaimer:

THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION
OF AN OFFER TO BUY ANY SECURITIES. THE SECURITIES MENTIONED IN THIS
ANNOUNCEMENT HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED