POLIS Immobilien upgrades forecast again
- Sale of two investment properties improves earnings
- Extraordinary result increases
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 30June 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
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(Prime Standard, ISIN: DE0006913304) of the Frankfurt Securities Exchange. Further information can be found at www.polis.de.
Investor Relations: Pressekontakt:Dr. Alan Cadmus POLIS Immobilien AG Tel: +49 30 225 00 250
E-Mail: ir@polis.de
URL:www.polis.de
Christina Siebels
HOSCHKE & CONSORTEN Public Relations GmbH Tel: +49 40 36 90 50-58
E-Mail: c.siebels@hoschke.de
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