DGAP-News

ADO Properties S.A. continues to grow and reports positive results of the first nine months 2016 - Seite 2

September 2016, comprising more than 18,600 units at the end of the
reporting period, of which are around 17,600 residential units (31.12.2015:
14,860 units). The Net Asset Value of the portfolio amounted to EUR 1.3
billion or EUR 28.65 per share as of 30 September 2016. The financial
structure of the company remains stable and conservative with an LTV of
35.9% by 30 September 2016 and an average interest rate of 2.07%. Almost
all loans have fixed interest rates or are hedged. The loan maturity is
approximately 5.5 years.

Expected FFO 1 run rate in 2016 at least EUR 52 million
"We are positive that ADO Properties will continue to increase the value of
its assets by generating significant like-for-like rental growth in the
future. The integration of the Carlos portfolio is in line with our
timetable, and we have successfully started to increase rents from new
lettings in this sub-portfolio", says Rabin Savion, CEO of ADO Properties.
"We anticipate our like-for-like rental growth to be at least 5% which
should have an additional positive impact on our portfolio value, NAV and
NAV per share. We expect our 2016 year-end FFO 1 run rate to be around EUR
52 million, and for the year 2016 we anticipate a dividend pay-out ratio of
up to 50% of FFO 1."

Key Figures         30.09.16   30.09.15  Difference       Difference
                                         absolute         percentage
Income from rental  65,248     46,721    18,527           39.7%
activities, in
thousands EUR
EBITDA from rental  46,352     34,224    12,128           35.4%
activities, in
thousands EUR
EBITDA, in          48,547     35,215    13,332           37.9%
thousands EUR
FFO 1 from rental   31,508     21,597    9,911            45.9%
activities
in thousands EUR
FFO 1 per share,    0.84       0.79      0.05             6.3%
EUR
FFO 2 (incl.        33,703     22,492    11,211           49.8%
disposal results),
in thousands EUR
                    30.09.16   31.12.15
EPRA NAV, in        1,263,429  843,621   419,808          49.8%
thousands EUR
EPRA NAV per        28.65      24.10
share, EUR
LTV, percent        35.9%      43.6%
Residential Units   17,638     14,856    2,782            18.7%
Portfolio value,    1,972      1,502
MEUR
In-place-rent       6.02       5.82
residential EUR/
sqm/month
Vacancy rate        2.6%       4.0%
residential
percent
Rent for new        7.83       7.95
letting, EUR/sqm/
month
Maintenance and     25.30      20.80
CAPEX, EUR per sqm

About ADO Properties

ADO Properties is a pure-play, Berlin-based residential real estate company
with more than 18,600 units including the latest acquisitions in 2016. The
Company has a fully integrated, scalable in-house platform with its own
property management. Along with the responsibility for the condition of its
apartments and buildings, ADO Properties also assumes responsibility
towards people, employees, and neighborhoods. ADO Properties' portfolio is
focused on central locations in Berlin and attractive suburban districts.


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Language: English
Company: ADO Properties S.A.
20 rue Eugène Ruppert
L-2453 Luxembourg
Grand Duchy of Luxembourg
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.ado.immo
ISIN: LU1250154413
WKN: A14U78
Indices: SDAX, FTSE EPRA/NAREIT Global Index, FTSE EPRA/NAREIT
Developed Europe Index, FTSE EPRA/NAREIT Germany Index
Listed: Regulated Market in Frankfurt (Prime Standard),
Luxembourg; Regulated Unofficial Market in Dusseldorf,
Stuttgart, Tradegate Exchange


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521649 17.11.2016