DO Deutsche Office : with good business development in 9M/2015

- Funds from operations (FFO) increased by 14.7% to EUR 39.1 (9M/2014: 34.1) million.

- Financial result improved significantly: decrease by 36.1% to EUR -22.5 million compared to same period last year.

- Debt further reduced: Net Loan-to-Value decreases by 2.6 percentage points to 50.9% compared to 31 December 2014.

- NAV per share increased to EUR 4.53, EPRA NAV per share reached EUR 4.71.

- Strong letting result: letting volume of 92,000 sqm in 9M/2015 equals approximately 10.3% of the total lettable area of the portfolio.

- Reduction in vacancy rate to 15.2% vs. 19.2% as of 30 September 2014. A vacancy rate of 13 - 13.5% expected by the end of 2015.

Cologne, 05 November 2015. DO Deutsche Office AG ('Deutsche Office') announces the results for the initial nine-month period in 2015, and can report positive business performance. With rental income of EUR 80.4 (9M/2014: 78.8) million, the company generated a net operating income of EUR 71.8 (9M/2014: 70.2) million in the first nine months of fiscal 2015. As of the 30 September 2015 reporting date, the debt ratio again decreased to 50.9% and thus 2.6% points below the figure for 31 December 2014 (53.5%). Significantly improved financing terms together with reduced debt resulted in an improvement of financial result of 36.1% compared to 9M/2014, or EUR -22.5 (9M/2014: -35.2) million.

Earnings for the initial nine-month period in 2015 came to EUR 40.7 (9M/2014: 94.8) million. The reference figure for the same period in the previous year included one-time effects from the merger with Prime Office REIT-AG.

EPRA earnings - adjusted for one-off effects - were EUR 33.4 (9M/2014: 33.6) million for the first nine months of fiscal 2015.

Despite disposal of properties, Deutsche Office was able to increase FFO over 9M/2015 by 14.7% to EUR 39.1 (9M/2014: 34.1) million due to higher rental cash flows, lower administrative costs and an improved financial result.

As of 30 September 2015, Net Asset Value (NAV) increased by 1.8% to EUR 817.6 (31 December 2014: 803.0) million as of 30 September 2015 and NAV per share to EUR 4.53 (31 December 2014: 4.45). EPRA NAV per share adjusted for valuation and one-off effects was EUR 4.71 (31 December 2014: 4.74).

In 9M/2015 Deutsche Office showed a strong letting performance. The company leased approximately 92,000 square metres (sqm) or 10.3% of total leasable space in the portfolio. New leases accounted for a total of approximately 38,300 sqm in 9M/2015, while lease extensions accounted for a total area of approximately 53,700 sqm.

The vacancy rate for the portfolio fell to 15.2% as of 30 September 2015. A further reduction in the vacancy rate to around 13 - 13.5% is expected for the end of 2015.

The Executive Board has adjusted its guidance for fiscal year 2015: For the full year 2015, the Executive Board continues to expect rental income of approx. EUR 107 million. Due to the measures implemented in Q3/2015 to improve the financial result, the Executive Board has increased its FFO forecast from EUR 52 million to approx. 54 million for fiscal 2015.

The public exchange offer issued on 21 August 2015 by alstria office REIT-AG, Hamburg, for all shares of DO Deutsche Office AG had 90.6% acceptance rate by the end of the extended period on 21 October 2015. The takeover of DO Deutsche Office was concluded with the entry of the capital increase in the commercial register by alstria office REIT-AG on 27 October 2015.

Contact for corporate queries:

Richard Berg

Head of Investor Relations & Corporate Communications

Email rberg@deutsche-office.de

Telephone +49 (0)221 - 888 29 160

About Deutsche Office
Deutsche Office is a listed office property company, focusing on German metropolitan regions and conurbations. As at 30 September 2015, its geographically diversified real estate portfolio currently contains 50 properties held as investment properties, with a total rental area of about 890,000 square meters and an attractive and broad tenant base. As at 30 September 2015, the properties had a market value of about EUR 1.8 billion.

Additional information on Deutsche Office is available online at:
http://deutsche-office.com