POLIS Immobilien AG / Key word(s): Preliminary Results/Final Results
30.01.2015 16:08

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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- At approx. EUR 10.3 million, preliminary consolidated earnings before     tax exceeds latest forecast by 30%

- Funds from operations climb over 30% to approx. EUR 6.7 million
- Net asset value nevertheless increases only moderately due to non-cash     valuation losses from financial derivatives

Berlin, 30 January 2015. According to preliminary figures, POLIS Immobilien AG, Berlin, increased its consolidated earnings before tax by 6% to approx. EUR 10.3 million in 2014. The increased result is primarily attributable to higher income from the valuation of investment properties, extraordinary income from a guarantee payment and a positive result from the valuation of certain interest rate hedging instruments. This means that earnings before taxes (EBT) are about EUR 2.5 million higher than last projected by the company. At the same time, funds from operations (FFO), which are adjusted for extraordinary results, rose by approx. 30% to EUR 6.7 million.
At approx. EUR 8.7 million, consolidated net income was up by 7% on the previous year.

Other income, which is directly offset against equity outside the income statement, reached a negative EUR -3.3 million last year. It is primarily based on non-cash losses from the valuation of interest rate hedging instruments of EUR -4.7 million caused by the drop in market interest rates. As a result, consolidated comprehensive income declined by 40% to EUR 5.4 million and the net asset value increased by only 3.9% to EUR 15.24 per share.

POLIS has used financial instruments to hedge interest rate risks for many years. A change in market interest rates leads to non-cash results from the valuation of these financial instruments which are released by the end of the term. The figures reported in this announcement are preliminary and have not yet been confirmed by the auditor. The final result may therefore differ from the figures published here.

End of ad-hoc release

POLIS Immobilien AG, which was founded in Berlin in 1998, is a listed real estate company that buys, refurbishes/revitalises, and manages office properties for its own portfolio. The company focuses on one market segment: office properties in inner-city locations at the most important German office centres. The company acquires properties that are either already renovated and are completely let, thereby generating stable cash flow, or properties that are vacant or require modernisation, and which offer specific value appreciation potential. This potential may be realised by corresponding modernisation measures or full revitalisation. As of September 30 2014, POLIS real estate portfolio comprised a total of 23 properties with a market value of around EUR 311 million. POLIS Immobilien shares are listed on the regulated market (Prime Standard, ISIN: DE0006913304) of the Frankfurt Securities Exchange. Further information can be found at www.polis.de.

Investor Relations:               Press contact: 
Dr. Alan Cadmus                   Andreas Hoschke
POLIS Immobilien AG HOSCHKE & CONSORTEN Public Relations GmbH Tel: +49 30 225 00 250 Tel: +49 40 36 90 50-55 E-Mail: ir@polis.de E-Mail: a.hoschke@hoschke.de URL: www.polis.de


30.01.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      POLIS Immobilien AG
              Rankestraße 5/6
              10789 Berlin
              Germany
Phone:        +49 30 225 00-261
Fax:          +49 30 225 00-299
E-mail:       info@polis.de
Internet:     www.polis.de
ISIN:         DE0006913304
WKN:          691330
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr               in Berlin, Hamburg, München
 
End of Announcement DGAP News-Service  

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