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    DGAP-News  430  0 Kommentare Preliminary figures of TLG IMMOBILIEN AG show significant FFO growth in 2016





    DGAP-News: TLG IMMOBILIEN AG / Key word(s): Preliminary Results/Real Estate


    Preliminary figures of TLG IMMOBILIEN AG show significant FFO growth in 2016


    23.01.2017 / 07:00



    The issuer is solely responsible for the content of this announcement.



    Press release

    Preliminary figures of TLG IMMOBILIEN AG show significant FFO growth in 2016



    - Funds from operations (FFO) are expected to increase significantly by approx. 20% to approx. EUR 77 m in the 2016 financial year (2015: EUR 64 m)



    - EPRA Net Asset Value (EPRA NAV) is expected to increase to approx. EUR 1.25 bn (2015: EUR 1.17 bn) or EUR 18.49 per share and thus increased by approx. 6% (31/12/2015: EUR 17.37 per share)



    - Rental income is expected to increase by approx. 10% to EUR 140 m due to new acquisitions and higher rents than in the previous year (2015: EUR 127 m)



    - The portfolio value is expected to increase to approx. EUR 2.24 bn, primarily due to acquisitions (31/12/2015: EUR 1.77 bn)



    Berlin, 23 January 2017 - During the 2016 financial year, TLG IMMOBILIEN AG was able further expand its business model aimed at financially-accretive expansion. As at 31 December 2016, its portfolio value amounted to approx. EUR 2.24 bn (31/12/2015: EUR 1.77 bn), based on the status of the current audit. New additions to the company's portfolio in the asset classes office, retail and hotel with a total investment volume of approx. EUR 443 m were the key contributors to this growth. Despite strategic acquisitions of office properties in Berlin with considerable vacancies, the company was able to maintain the total occupancy rate for its portfolio at the high level of the previous year. As a result, TLG IMMOBILIEN AG can report approx. a 10% increase in rental income to approx. EUR 140 m for the 2016 financial year (2015: EUR 127 m), based on preliminary figures that have not been audited yet. The funds from operations (FFO) are expected to amount to approx. EUR 77 m (2015: EUR 64 m) in the fiscal year 2016, which corresponds to a significant approx. 20% increase. The FFO are therefore above the range of between EUR 74 m and EUR 76 m forecasted for 2016.

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    DGAP-News Preliminary figures of TLG IMMOBILIEN AG show significant FFO growth in 2016 DGAP-News: TLG IMMOBILIEN AG / Key word(s): Preliminary Results/Real Estate Preliminary figures of TLG IMMOBILIEN AG show significant FFO growth in 2016 23.01.2017 / 07:00 The issuer is solely responsible for the content of this announcement. …