S IMMO AG

Positive annual trend continues - Seite 3

Consolidated income statement for the period from 01 January to 30 September 2017
in EUR m / fair value method

	1-9/2017	1-9/2016
Revenues	144.2	147.1
thereof rental income	86.0	88.5
thereof revenues from operating costs	25.4	28.3
thereof revenues from hotel operations	32.8	30.2
Other operating income	1.4	2.1
Expenses directly attributable to properties	-47.2	-48.9
Hotel operating expenses	-24.2	-22.7
Gross profit	74.2	77.6
Income from property disposals	461.3	192.9
Book value of property disposals	-450.9	-188.5
Gains on property disposals	10.3	4.4
Management expenses	-13.2	-13.2
Earnings before interest, tax, depreciation and amortisation (EBITDA)	71.3	68.7
Depreciation and amortisation	-6.6	-5.9
Results from property valuation	68.2	107.6
Operating result (EBIT)	133.0	170.5
Financing costs	-42.5	-50.9
Financing income	5.9	2.2
Results from companies measured at equity	0.4	0.5
Participating certificates result	-3.5	-3.9
Net income before tax (EBT)	93.3	118.4
Taxes on income	-16.2	1.4
Consolidated net income for the period	77.0	119.8
of which attributable to shareholders in parent company	73.8	118.6
of which attributable to non-controlling interests	3.2	1.2
Earnings per share in EUR	1.12	1.78

Key real estate figures		30 Sept. 2017
Portfolio properties	Number	233
Total area	million m2	1.1
Overall rental yield	%	6.2
Occupancy rate	%	94.5

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