ADLER Group S.A.
ADO Properties S.A. again improves financial key figures and enlarges its portfolio during the first nine months 2017
DGAP-News: ADO Properties S.A. / Key word(s): Quarterly / Interim Statement ADO Properties S.A. again improves financial key figures and enlarges its portfolio during the first nine months 2017
Berlin, 15 November 2017 – ADO Properties S.A., the only Prime Standard listed residential real estate company solely focused on Berlin, once more improved its financial key figures during the first nine months 2017 and enlarged its portfolio by further acquisitions. This shows the nine-months financial report published today. Key figures reflecting the company’s steady growth The FFO1 (from rental activities) increased by 27.5% up to EUR 40.2 million (9M 2016: EUR 31.5 million) equivalent to an FFO1 of EUR 0.91 per share (9M 2016: EUR 0.84 per share). Like in the previous quarters, the strong operational performance and the relative improvement of interest expenses were the main drivers of the FFO growth. The average in-place rent of the residential portfolio increased to EUR 6.37 per sqm per month at the end of the first nine months 2017 (31 December 2016: EUR 6.11). The vacancy rate for the residential portfolio was 3.3% as of 30 September 2017, an increase by 0.6% compared to the previous quarter which was caused by high volume of acquisitions in the quarter. Further portfolio expansion Conservative financial strategy Positive Outlook for 2017 confirmed – FFO1 run-rate prognosis raised
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 more than 20,000 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.
15.11.2017 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; Luxemburg |
End of News | DGAP News Service |