DGAP-News

WCM Beteiligungs- und Grundbesitz-AG: WCM: testified 2016 results show profitable growth and confirm preliminary numbers - Dividend proposal of EUR 0.10 per share

DGAP-News: WCM Beteiligungs- und Grundbesitz-AG / Key word(s): Final Results WCM Beteiligungs- und Grundbesitz-AG: WCM: testified 2016 results show profitable growth and confirm preliminary numbers - Dividend proposal of EUR 0.10 per share 25.04.2017 / 12:50 The issuer is solely responsible for the content of this announcement. WCM: testified 2016 results show profitable growth and confirm preliminary numbers - Dividend proposal of EUR 0.10 per share

- EPRA Net Asset Value (NAV) increases to EUR 345.4m (plus 18.8 percent)

- Funds from operations (FFO I) more than doubled to EUR 18m

- FFO I for 2017 between EUR 23.0m and EUR 24.0m projected including recently closed transactions

- First dividend of EUR 0.10 for business year 2016 envisaged

Frankfurt am Main, 25 April 2017 - SDAX listed WCM Beteiligungs- und Grundbesitz-AG (WCM AG, ISIN: DE000A1X3X33) publishes its audited year end results for 2016. WCM confirms its pre-announced results from 21 March 2017.

According to the testified IFRS results rental income more than tripled to EUR 32.6m in 2016. Funds from operations (FFO I) rose to EUR 18.0m, up by more than 100 percent from 2015. The rentable space, despite some divestments, was increased to 324,031 m², an increase of 10.2 percent. Consolidated net income in 2016 amounts to EUR 18.6m or EUR 0.12 per share.

As of 31 December 2016, the EPRA Net Asset Value (NAV) stood at EUR 345.4m or EUR 2.62 per share after EUR 2.38 in the previous year. At the same time the number of outstanding shares went up by 11.2m to 131,964,552 in 2016.

Portfolio extended in line with strategy


In 2016 WCM has grown the portfolio to 53 commercial real estate assets with a market value of EUR 662.1m (as of 31 December 2016) compared to EUR 505.7m in 2015. This was achieved despite the fact that four non-strategic assets were sold successfully and as planned for a total of EUR 25m, notably above book value.