DGAP-News: HAMBORNER REIT AG: Successful business performance continues
(firmenpresse) - DGAP-News: HAMBORNER REIT AG / Key word(s): Quarter Results/Half Year
Results
HAMBORNER REIT AG: Successful business performance continues
08.08.2013 / 07:31
---------------------------------------------------------------------
HAMBORNER REIT AG: Successful business performance continues
- Rental and leasing income up 22% in first half of year, net profit for
period climbs 49%
- FFO rises 27%
- Forecast for year as a whole raised slightly
Duisburg, 8 August 2013
Rental and leasing income up 22% in first half of year, net profit for the
period climbs 49%
Rental and leasing income rose by around 22% in the first six months to a
total of EUR22.2 million. The main factor contributing to this increase was
the rental income from the property additions of 2012 and the first half of
2013. The vacancy rate is at a relatively low level of 3.7%. The rise as
against the previous year (1.7%) is due in particular to the recently
acquired and newly built properties in Munich and Berlin, which were not
yet fully let when transferred. Multi-year rent guarantees have been agreed
with the sellers for the vacant areas in these Munich and Berlin
properties, which are now almost fully let. Taking these into account, the
vacancy rate as at 30 June 2013 was only 2.4%. In the first half of 2013,
HAMBORNER generated an operating result of around EUR11.0 million (previous
year: EUR8.9 million) and a net profit for the period of EUR5.5 million, an
increase of 49% on the previous year (EUR3.8 million).
Portfolio value increases to EUR674 million
Following the transfer of the LEED platinum 'NuOffice' in Munich and the
LEED platinum pre-certified office building on EUREF Campus in Berlin in
the first quarter of this year, HAMBORNER signed a purchase agreement for
an office and retail property in Bayreuth in April. This property was
already added to HAMBORNER's books at the end of May. As at 30 June 2013,
the market value of the portfolio was therefore EUR674 million.
FFO increase of 27% - forecast for 2013 as a whole raised slightly:
FFO, a key control parameter of the company, was EUR12.4 million after the
first six months. This figure is therefore around 27% higher than the
previous year's level. For 2013 as a whole, the Managing Board is striving
for growth in rental income of around 20% and intends to increase FFO by
20-25%. NAV amounted to EUR8.01 per share as at 30 June 2013 (EUR8.17 as at
31 December 2012). The company's financial situation remains very
comfortable. The REIT equity ratio is 51.9% and the loan-to-value (LTV)
ratio 43.8%.
--------------------------------------------------------------------------
--------------------------------------------------------------------------
Key figures as at 30 June 2013
30 June 2013 30 June 2012* in 2012: 34,120,000 shares; in 2013: 45,493,333 shares
Rental and leasing income EUR22.2 EUR18.2
million million
EBITDA EUR19.5 EUR14.9
million million
Earnings before depreciation and amortisation EUR13.7 EUR9.8
(EBDA) million million
Net profit for the period EUR5.5 EUR3.8million million
Funds from operations (FFO), absolute EUR12.4 EUR9.8
million million
Funds from operations (FFO) per share* EUR0.27 EUR0.29
30 June 2013 31 Dec. 2012
REIT equity ratio 51.9% 60.3%
Loan-to-value (LTV) 43.8% 34.2%
Net asset value (NAV) per share EUR8.01 EUR8.17
--------------------------------------------------------------------------
--------------------------------------------------------------------------
About HAMBORNER REIT AG
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.
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.
Contact:
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
---------------------------------------------------------------------
08.08.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
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
---------------------------------------------------------------------
224258 08.08.2013
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 08.08.2013 - 07:31 Uhr
Sprache: Deutsch
News-ID 285814
Anzahl Zeichen: 17713
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 317 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: HAMBORNER REIT AG: Successful business performance continues"
steht unter der journalistisch-redaktionellen Verantwortung von
HAMBORNER REIT AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
