22 February 2010 / 10:07

Ad-hoc News

HAMBORNER REIT AG: REIT registration carried out and provisional result 2009 is established

HAMBORNER REIT AG / Preliminary Results22.02.2010 09:07Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted byDGAP - a company of EquityStory AG.The issuer is solely responsible for the content of this announcement.--------------------------------------------------------------------------- Ad hocHAMBORNER REIT AG: REIT registration carried out and provisional result 2009 is established  - Rental and leasing income increased,   - Continuing comfortable financial funding,   - FFO increase by 12.7%Duisburg, 22 February 2010 - HAMBORNER has done it. Entry in the CommercialRegister was effected on 18.02.2010 and the company is now officiallytrading with the new corporate identity as 'HAMBORNER REIT AG'. As aresult, HAMBORNER is the third German REIT and the first company that hasmanaged the conversion from a long-established and stock exchange-listedcompany. In addition, the share was today included in the REIT segment ofthe Deutsche Börse.The provisional balance sheet figures for the year 2009 prove that the newREIT AG has a good foundation. The company has successfully held its groundin a still difficult market environment and can look back on a by and largesatisfactory financial year. According to the provisional not yet auditedfigures from the annual financial statements, rental and leasing income hasincreased compared with the previous year by 13.7% to EUR 22.4 million dueto further acquisitions. The average vacancy rate shows a familiarly lowlevel at 3.5% or 1.1% after rent 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 (10.57 EUR 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 significantly above the45% required in accordance with the German REIT Act , the directors Dr.Rüdiger Mrotzek and Hans Richard Schmitz see themselves very well equippedfor the further growth of HAMBORNER REIT AG . The company will release thefinal business figures as well as the dividend proposal at the generalshareholders' meeting on 25.03.2010.Key figures as of 31.12.2009
                                                       2009           2008                                                provisiona-                                                        llyRental 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)                                 10.37          10.57Funds from Operations (FFO) per share              EUR 0.42       EUR 0.37
* with special effects from high book profits in 2008Investor relations:Sybille AlbeserTel.: +49 (0)203 54405-32Fax: +49 (0)203 54405-49E-mail: s.albeser@hamborner.deWeb: www.hamborner.de22.02.2010 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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