DGAP-News: HAMBORNER REIT AG: Positive business performance continues in first half of 2012
(firmenpresse) - DGAP-News: HAMBORNER REIT AG / Key word(s): Half Year Results/Interim
Report
HAMBORNER REIT AG: Positive business performance continues in first
half of 2012
09.08.2012 / 07:55
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Press Release
HAMBORNER REIT AG: Positive business performance continues in first half of
2012
- Rental and leasing income and FFO up 22%
- Transition to second half of year begins with successful capital
increase
- Confirmation of forecasts for year as a whole
Duisburg, 9 August 2012 HAMBORNER REIT AG today presented its report for
the first half of 2012 and has had a highly successful first six months. As
at 30 June 2012, income from rents and leases increased by around 22% as
against the same period of the previous year to EUR18 million. This
increase was essentially due to the investments performed in 2011 and the
addition of the newly built OBI store in Aachen in April 2012.
Like-for-like rental income climbed by around 1.1%. The vacancy rate is
still extremely low at 1.7% or just 1.6% after rent guarantees. Net profit
for period amounted to EUR3.8 million as at 30 June 2012 (previous year:
EUR3.2 million), FFO per share to EUR0.29 (previous year: EUR0.22). The
REIT equity ratio was 53.0% as at the end of the reporting period and the
loan-to-value (LTV) ratio 41.5%.
As at the end of June, HAMBORNER held 67 properties with a total volume of
around EUR518 million. To allow the company - which is currently eyeing
highly attractive investment options and has access to extremely favourable
financing conditions - to continue its growth, the Managing Board and the
Supervisory Board resolved a capital increase in July 2012. Using a third
of its authorised capital, the company issued 11,373,333 new shares with
full dividend rights for 2012 and generated gross issue proceeds of around
EUR74 million. The newly acquired funds are to be invested as quickly as
possible to ensure a quick contribution to rental and leasing income and
FFO. Following the capital increase, the REIT equity ratio is now around
67%.
In terms of the forecast for 2012 as a whole, the members of the Managing
Board Dr. Rüdiger Mrotzek and Hans Richard Schmitz are still aiming for an
increase in rental and leasing income of around 10% and growth in FFO of
around 10% as well.
Key figures as at 30 June 2012
H1 2012 H1 2011HAMBORNER REIT AG
Income from rents and leases EUR18.2 EUR15.0
million million
EBITDA EUR14.9 EUR11.4
million million
Earnings before depreciation and EUR9.8 EUR8.0 million
amortisation (EBDA) million
Net profit for the period EUR3.8 EUR3.2 million
million
Funds from operations (FFO), absolute EUR9.8 EUR8.0 million
million
Funds from operations (FFO) per share EUR0.29 EUR0.23
30 June 2012 31 December
2011
REIT capital ratio53.0% 55.7%
Loan-to-value (LTV) 41.5% 39.1%
Net asset value (NAV) per share EUR8.62 EUR8.77
HAMBORNER REIT AG is a stock exchange-listed public limited company that
today exclusively operates in the property sector and is positioned as a
portfolio holder for high-yielding commercial properties. The company has
sustainable rental incomes, with a nationally-dispersed substantial
property portfolio as its foundation. Attractive retail trade spaces in key
town centre sites of German cities and intermediate centres form the focal
point of the portfolio. In addition, the property portfolio includes
highly-frequented specialist stores and profitable office buildings, as
well as spaces for medical practices, apartments and parking spaces.
Furthermore, the company still has approximately 1.4 million m²of
undeveloped land areas, which are located predominantly in Duisburg North
and in the adjacent municipalities of Dinslaken and Hünxe.
HAMBORNER REIT AG stands out due to its many years of experience in the
property and capital market, its lean and transparent corporate structure
as well as its special proximity to the tenants. Since February 18, 2010
HAMBORNER has been a registered Real Estate Investment Trust (REIT) and
benefits at company level from exemption from corporation and trade tax.
Investor Relations:
Sybille Schlinge
Tel.: +49 (0)203 54405-32
Fax: +49 (0)203 54405-49
E-Mail: s.schlinge(at)hamborner.de
Web: www.hamborner.de
End of Corporate News
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Language: English
Company: HAMBORNER REIT AG
Goethestraße 45
47166 Duisburg
Germany
Phone: 0203/54405-0
Fax: 0203/54405-49
E-mail: info(at)hamborner.de
Internet: www.hamborner.de
ISIN: DE0006013006
WKN: 601300
Indices: SDAX
Listed: Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime
Standard), Hamburg, München, Stuttgart
End of News DGAP News-Service
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180960 09.08.2012
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