ADLER Group S.A.
ADO Properties S.A. pursues its solid growth path throughout the first half year 2017
DGAP-News: ADO Properties S.A. / Key word(s): Half Year Results ADO Properties S.A. pursues its solid growth path throughout the first half year 2017
Berlin, 17 August 2017 – ADO Properties S.A., the only Prime Standard listed residential real estate company solely focused on the city of Berlin, pursued its solid growth path throughout the first six months 2017. This shows the half year financial report published today. Key figures reflecting the company’s operative strength and ability to create value The FFO1 (without profit from disposals) increased by 35% up to EUR 26.7 million (H1 2016: EUR 19.9 million) equivalent to an FFO1 of EUR 0.61 per share (H1 2016: EUR 0.55 per share). The main drivers of the growing FFO were the strong operational performance and the relative improvement of interest expenses. The average in-place rent of the residential portfolio increased to EUR 6.28 per sqm per month at the end of the first six months 2017 (31 December 2016: EUR 6.11). The vacancy rate for the residential portfolio persisted at a low level of 2.7% as of 30 June 2017 (31 December 2016: 2.5%). Further portfolio expansion Conservative financial strategy provides good access to the capital market Positive Outlook for 2017 confirmed – adjusted FFO1 run-rate prognosis
Definitions of our alternative performance measures like FFO1 or EPRA NAV are available in our latest financial report http://investors.ado.immo/websites/ado/English/4010/reports.html in the Financial Performance Indicators section. About ADO Properties ADO Properties is a pure-play, Berlin-based residential real estate company with 19,100 units. The Company has a fully integrated, scalable in-house platform with its own property management. Along with the responsibility for the condition of its apartments and buildings, ADO Properties also assumes responsibility towards people, employees, and neighborhoods. ADO Properties’ portfolio is focused on central locations in Berlin and attractive suburban districts.
17.08.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | ADO Properties S.A. |
1B Heienhaff | |
L-1736 Senningerberg | |
Luxemburg | |
Phone: | +352 26 493 412 |
Fax: | +352 27 860 722 |
E-mail: | ir@ado.properties |
Internet: | www.ado.immo |
ISIN: | LU1250154413 |
WKN: | A14U78 |
Indices: | SDAX, FTSE EPRA/NAREIT Global Index, FTSE EPRA/NAREIT Developed Europe Index, FTSE EPRA/NAREIT Germany Index |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Stuttgart, Tradegate Exchange |
End of News | DGAP News Service |