POLIS Immobilien AG / Key word(s): Change in Forecast
31.08.2015 19:46

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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AD HOC ANNOUNCEMENT

POLIS Immobilien upgrades forecast again

- Sale of two investment properties improves earnings
  - Extraordinary result increases

Berlin, 31 August 2015. POLIS Immobilien AG (ISIN DE0006913304), Berlin, has sold an investment property for third parties in its asset management business segment. As the company held a minority interest in this property, POLIS will earn an additional net income (IFRS) of approximately EUR 4.3 million in the 2015 financial year, which will partly be reported as investment income and partly as other income from consulting services. The sale of a smaller investment property also generated a net income, which by itself will not have a material effect on the company's result. Due to the additional income from the above two transactions, the forecast for the full financial year published together with the interim report for the period ended 30 June 2015 has been upgraded once again. It should be noted that the previously published upgrade was mainly due to unexpected non-cash changes in the market value of the investment properties and financial derivatives. Because of the uncertainties surrounding the valuation of investment properties and the dynamic market situation, merely a range of EUR 21 million to EUR 23 million can be projected for the Group's earnings before taxes (EBT) (previous forecast: EUR 15 million to EUR 17 million). At approximately EUR 6 million, funds from operations (FFO) will also clearly exceed the previous forecast (EUR 4.3 million). As a result of these changes, the net asset value (NAV) will increase to approximately EUR 190 million at the end of the year.
 
End of ad-hoc announcement

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 both fully leased properties with modern facilities, which generate a secure cash flow, as well as properties that are vacant or require modernisation, and which offer specific value appreciation potential. The company pursues a moderate buy-and-sell strategy. As of 30 June 2015, POLIS Immobilien's real estate portfolio comprised a total of 23 properties with a market value of around EUR 323 million. POLIS Immobilien shares are currently 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 Christina Siebels POLIS Immobilien AG HOSCHKE & CONSORTEN Public Relations GmbH Tel: +49 30 225 00 250 Tel: +49 40 36 90 50-58 E-Mail: ir@polis.de E-Mail: c.siebels@hoschke.de URL: www.polis.de


31.08.2015 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: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Munich  
End of Announcement DGAP News-Service  

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