Accentro Real Estate AG

Best Semi-Annual Result on Record

(DGAP-Media / 14.08.2015 / 08:00)

PRESS RELEASE

ACCENTRO Real Estate AG: Best Semi-Annual
Result on Record
- Consolidated income in H1 2015: 20.0 million euros (prior-year period:
-3.3 million euros)

- EBIT rises to 30.5 million euros (H1 2014: 3.9 million euros)

- NAV at 4.62 euros

- Privatisation business kept gathering momentum in Q2

Berlin, 14 August 2015 - In the first six months of the ongoing financial
year, ACCENTRO Real Estate AG (WKN A0KFKB, ISIN DE000A0KFKB3) achieved the
best semi-annual result in the company's history. The consolidated income
realised during that time came to 20.0 million euros, after -3.3 million
euros by the end of the prior-year period. The prior-year result was
influenced mainly by the tax implications that the takeover of the company
by ADLER Real Estate AG created. The EBIT rose to 30.5 million euros. This
is up from an EBIT of 3.9 million euros reported at mid-year 2014. Earnings
per share increased significantly to 0.81 euros. ACCENTRO mainly achieved
this result through the sale of a proprietary portfolio in Hohenschönhausen
at a substantial profit and by divesting itself of the residual assets in
the property development segment. ACCENTRO could therefore intensify
focusing on its core business of housing privatisations.

Privatisation Business Kept Gathering Momentum in Q2

In its housing privatisation segment, ACCENTRO Real Estate AG generated
revenue in the amount of 10.8 million euros during the first six months of
2015. This is more than twice the mid-year turnover the year before, which
had amounted to 4.6 million euros. It was particularly the second quarter
of 2015 that contributed to a surge in earnings in this segment, as it
accounted for a revenue total of 8.1 million euros. "This year to date, we
have already acquired another 1,115 apartments intended for privatisations.
These acquisitions lay the ground for our future profits," said Mingazzini.
NAV at 4.62 Euros

The extraordinary result of ACCENTRO Real Estate AG in the first six months
of 2015 pushed the shareholders' equity up from 85.9 million euros at
year-end 2014 to 106.0 million euros by the key date of 30 June 2015. Over
the same period of time, the total assets dropped from 402.2 million euros
to 366.0 million euros. The equity ratio increased to 28.9 percent by the
end of the first semester of 2015. By the key date of 30 June 2015, the NAV
equalled 4.62 euros, which means that company shares traded at a
36.4-percent discount on the NAV that day.

Brisk Performance to be Continued in Second Semester
"We are very confident of our ability to keep up the sound performance
during the second half of the year," Mingazzini announced. "Indeed, we
expect to see a further rise in sales in our core business."

About ACCENTRO Real Estate AG
ACCENTRO Real Estate AG is a listed residential property company. Its core
business consists of tenant-sensitive housing privatisations. The company's
subsidiary ACCENTRO GmbH is the market leader for housing privatisation
services in Germany.

ACCENTRO Real Estate AG has its registered office in Berlin and is listed
on the Prime Standard of the Frankfurt Stock Exchange (German securities
code number [WKN]: A0KFKB).

Media and Public Relations Contact:
Andy Dietrich
Deputy Head of Media and Communication Consultancy
Dr. ZitelmannPB. GmbH
Rankestrasse 17
D-10789 Berlin
E-mail: [e-mail]
Tel.: +49 30 - 72 62 76 153
Fax: +49 30 - 83 62 76 1793


End of Media Release

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Issuer: Accentro Real Estate AG
Key word(s): Real estate

14.08.2015 Dissemination of a Press Release, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Accentro Real Estate AG
Uhlandstr. 165
10719 Berlin
Germany
Phone: +49 (0)30 - 887 181 - 0
Fax: +49 (0)30 - 887 181 - 11
E-mail: [e-mail]
Internet: www.accentro.ag
ISIN: DE000A0KFKB3
WKN: A0KFKB
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart


End of News DGAP-Media
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