Ad hoc release


AD HOC RELEASE PURSUANT TO ART. 17 MAR

Portfolio value increases by approx. EUR 200 million in H1 2019

Hamburg, July 30, 2019 – The valuation of the real estate portfolio of alstria office REIT-AG (“alstria”, ISIN DE000A0LD2U1) as of June 30, 2019 conducted by the independent appraiser Savills Advisory Services Germany GmbH & Co. KG will lead to a positive effect on alstria’s income statement of approximately EUR 200 million (EUR 1.12 per share). The reasons for the valuation uplift are revaluations of individual properties due to new lettings and a further adjustment of the portfolio value to the current market environment.
 
The value of alstria’s real estate portfolio amounts to EUR 4.2 billion as of June 30, 2019.

 

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Contact IR/PR:                                    
Ralf Dibbern                          
Steinstrasse 7                                      
20095 Hamburg, Germany                  
+49 40 22 63 41-329                   
rdibbern@alstria.de

More information on:
www.alstria.com
www.beehive.work
www.twitter.com/alstria_REIT  
 

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About alstria:

alstria office REIT AG is the leading real-estate operator focusing solely on German office property in selected German markets. Our strategy is based on the ownership and an active management of our properties throughout their entire life cycle, strong added-value services to our customers and deep knowledge of the markets in which we operate. alstria strives for sustainable long-term value creation while taking advantage of short-term arbitrage of inefficiencies in the real estate markets. As per June 30, 2019 the portfolio comprised 116 buildings with a lettable area of 1.5 million square metrers.

Disclaimer:
This release constitutes neither an offer to sell nor a solicitation of an offer to buy any shares. As far as this press release contains forward-looking statements with respect to the business, financial condition and results of operations of alstria office REIT-AG (alstria), these statements are based on current expectations or beliefs of alstria’s management. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or performance of the Company to differ materially from those reflected in such forward-looking statements. Apart from other factors not mentioned here, differences could occur as a result of changes in the overall economic situation and the competitive environment – especially in the core business segments and markets of alstria. Also, the development of the financial markets and changes in national as well as international provisions particularly in the field of tax legislation and financial reporting standards could have an effect. Terrorist attacks and their consequences could increase the likelihood and the extent of differences. alstria undertakes no obligation to publicly release any revisions or updates to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Copyright © 2019 alstria office REIT-AG, All rights reserved.

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