DGAP-News

alstria office REIT-AG: Annual result 2012 - Seite 2

strengthening its balance sheet. The average debt maturity as per December
31, 2012 was 3.0 years, while cost of debt fell to 3.9%. The Company´s net
LTV at the reporting date was 47.8% (2011: 50.1%).

Following the capital increase in early 2012 alstria´s equity increased by
8.0% to EUR 829.3 m as per year-end 2012. The number of shares outstanding
grew by 10% to 78.9 m shares as per December 31, 2012. The EPRA NAV per
share amounted to EUR 10.98 (Dec. 31, 2012) vs. EUR 11.32 (Dec. 31, 2011).
alstria´s G-REIT equity ratio was 50.0% as per year-end 2012 and provides
substantial headroom to the legally required 45%.

Increase in rent and valuation gain in the DIVE portfolio
As of December 31, 2012, alstria´s investment property totalled EUR 1.6 bn.
The increase by approximately 6.2% compared to December 31, 2011 was driven
by the acquisition of six properties in the beginning of the year.

The DIVE portfolio alstria acquired in February 2012 (six assets located in
the regions of Düsseldorf, Hamburg and Frankfurt) delivered an excellent
performance from the first day of consolidation (transfer as of May 1,
2012). Based on its real estate operation expertise alstria was able to
reduce the vacancy in this specific portfolio by 25% from 24.8% to 18.6%.
This led to an increase in rents of 5.7% and a valuation gain of 4.1% or
EUR 3.7 m. alstria is looking forward to achieve further progress in terms
of value creation in 2013.

Successful leasing activities

In 2012, alstria achieved the best letting result in its history. A total
of 44,800 sqm of new leases and an extension of existing leases of 41,000
sqm were signed throughout the year. The EPRA vacancy rate in the portfolio
as per year-end 2012 was 8.0% compared to 6.5% as of December 31, 2011. The
increase is attributable to the acquisition of assets characterised by a
higher vacancy.

´The real estate market has remained as we would have expected it:
challenging´ said Olivier Elamine, CEO of alstria. ´alstria has been
prepared to trade in such an environment and has demonstrated in 2012 that
it can substantially grow its cash flow per share. We expect this growth to
continue in 2013, as this is reflected in our guidance.´

Dividend

The Company will propose to the next Annual General Meeting to increase the
dividend payment by 14% to EUR 0.50 per share.

Outlook

Based on its current portfolio and the contractually agreed rent, alstria
currently expects revenues of EUR 103 m and funds from operations (FFO) to
grow by 3.3% to EUR 45 m in the financial year 2013.