GxP German Properties AG, DE000A2E4L00

GxP German Properties AG, DE000A2E4L00

31.08.2017 - 08:44:37

GxP German Properties AG: GxP German Properties increases 1H 2017 results and guidance

Ad-hoc-Notification according to Art. 17 MMVOGxP German Properties increases 1H 2017 results and guidanceFrankfurt, 31. August 2017 - The results of the revaluation of the existing real estate portfolio of GxP German Properties (ISIN: DE000A1YCNN8, WKN: A1YCNN) during the preparation of the half-year figures as of June 30, 2017 have shown that the company, including revaluation gains in the current portfolio, achieved a positive adjusted net income of EUR 5.0 million. The net asset value (NAV) as of 30 June 2017 amounted to EUR 50.2 million or EUR 5.79 per share and thus was increased by 19.4% in the first half of the year (the reported NAV under HGB including Goodwill is EUR 83.6 million or EUR 9.65 per share). Management expects an increase in NAV per share, including the acquisition in Berlin-Teltow, from currently EUR 5.79 per share to at least EUR 5.95 per share.

IR Contact

Axel Mühlhaus / Patrick Wang edicto GmbH Eschersheimer Landstr. 42-44 D-60322 Frankfurt Tel.: +49 (0) 69/ 905505-52 Fax: +49 (0) 69/ 905505-77 E-Mail: gxp@edicto.de  

31-Aug-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language: English

Company: GxP German Properties AG Tauentzienstraße 9 10789 Hamburg

Germany Phone: +49 (0)30 88 62 67 40 Fax: +49 (0)30 88 62 67 411 E-mail: info@gxpag.com Internet: http://gxpag.com/ ISIN: DE000A2E4L00 WKN: A2E4L0 Listed: Regulated Unofficial Market in Hamburg, Munich, Stuttgart; Open Market (Basic Board) in Frankfurt   End of Announcement DGAP News Service

605601  31-Aug-2017 CET/CEST

@ dgap.de

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