25 March 2010 / 10:26

Corporate News

HAMBORNER REIT AG: Annual report 2009 – Positive business development confirmed

HAMBORNER REIT AG / Final Results25.03.2010 09:26Dissemination of a Corporate News, transmitted byDGAP - a company of EquityStory AG.The issuer / publisher is solely responsible for the content of this announcement.--------------------------------------------------------------------------- Press releaseHAMBORNER REIT AG:  Annual report 2009 - Positive business development confirmed  - Rental and leasing income increased,   - FFO increase by 12.7%,  - Continuing comfortable financial funding Duisburg, 25 March 2010 - After the disclosure of preliminary figures on22.02.2010, HAMBORNER REIT AG was today able to confirm the positivedevelopment of the financial year 2009 at the press conference in Frankfurtam Main with publication of the annual report.The company has successfully held its ground in a still difficult marketenvironment and can look back on a by and large satisfactory financialyear. The rental and leasing income has increased by 13.7% to EUR 22.4million compared with the previous year through further acquisitions. Theaverage vacancy rate shows a familiarly low level at 3.5% or 1.1% afterrent guarantees.The earnings before interest, taxes, depreciation and amortisation (EBITDA)amount to EUR 16.9 million (previous year: EUR 31.0 million) and also theprofit for the financial year is perceptibly in the positive area at EUR5.1 million (previous year: EUR 17.3 million). As the previous year wascharacterised by high book profits due to sales, the current earningsfigures are not comparable with the figures of the previous year. Adjustedfor sales proceeds and as a key figure for the operational businessdevelopment, the FFO (Funds from Operations) at 42.3 cents per share showsa significant increase of 12.7% compared with the previous year (37.5 centsper share). Moreover, in a consistently difficult market environment, theproperty portfolio has proven to be comparatively stable. Due to the annualexternal revaluation of the property portfolio, the net asset value (NAV)of the company at EUR 10.37 per share has only moderately reduced by 1.9%compared with the previous year (EUR 10.57 per share).With a cash balance of approximately EUR 38 million, a Loan-To-Value (LTV)of 34.3% and an equity ratio of 67.1%, which is considerably above the 45%required in accordance with the German REIT Act, the company is very wellequipped for further growth. A dividend increase from 35 cents to 37 centscompared with the previous year is proposed to the general shareholders'meeting on 10 June 2010.The company expects stimulation for future development due to theconversion into a REIT. The share is listed in the REIT segment of DeutscheBörse since 22.02.2010. HAMBORNER wishes to exploit its opportunities onthe property transactions market through acquisitions. A further increasein the FFO and thus a continuation of the good operating businessdevelopment is anticipated for 2010.Key figures as of 31.12.2009
                                                       2009           2008Rental and leasing income                          EUR 22.4       EUR 19.7                                                    million        millionEBITDA*                                            EUR 16.9       EUR 31.0                                                    million        millionProfit for the financial year before               EUR 11.1       EUR 26.7amortisation and depreciation (EBDA)*               million        millionProfit for the financial year*                      EUR 5.1       EUR 17.3                                                    million        millionBalance sheet capital ratio                           52.0%          56.9%REIT capital ratio                                    67.1%          77.1%Loan-To-Value (LTV)                                   34.3%         31.1%.Net Asset Value (NAV) per share                   EUR 10.37      EUR 10.57Funds From Operations (FFO) per share              EUR 0.42       EUR 0.37
* with special effects from high book profits in 2008About HAMBORNER REIT AGHAMBORNER REIT AG is a stock exchange-listed public limited company thattoday exclusively operates in the property sector and is positioned as aportfolio holder for high-yielding commercial properties. The company hassustainable rental incomes via a nationally-dispersed substantial propertyportfolio as a foundation. Attractive retail trade spaces in key towncentre sites of German cities and intermediate centres form the focal pointof the portfolio. In addition, the property portfolio includeshighly-frequented specialist stores and profitable office buildings as wellas spaces for medical practices, apartments and parking spaces.Furthermore, the company still has approximately 4.5 million m² ofundeveloped land areas, which are located predominantly in Duisburg Northand in the adjacent municipalities of Dinslaken and Hünxe.HAMBORNER REIT AG stands out due to many years of experience in theproperty and capital market, its lean and transparent corporate structureas well as the special closeness to the tenants. The company is aregistered Real Estate Investment Trust (REIT) and benefits at companylevel from the exemption from corporation and trade tax.Press contact:Sybille AlbeserTel.: +49 (0)203 54405-32Fax: +49 (0)203 54405-49E-mail: s.albeser@hamborner.deWeb: www.hamborner.de25.03.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.Media archive at www.dgap-medientreff.de and www.dgap.de--------------------------------------------------------------------------- Language: EnglishCompany: HAMBORNER REIT AG Goethestraße 45 47166 Duisburg DeutschlandPhone: 0203/54405-0Fax: 0203/54405-49E-mail: info@hamborner.deInternet: www.hamborner.deISIN: DE0006013006WKN: 601300Listed: Regulierter Markt in Berlin, Frankfurt (Prime Standard), München, Düsseldorf, Stuttgart, Hamburg End of News DGAP News-Service ---------------------------------------------------------------------------

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