20 June 2018

GxP German Properties AG: Supervisory Board Changes and New Chairman

Berlin, 20 June 2018 – A new member was appointed to the supervisory board of GxP German Properties AG (ISIN: DE000A2E4L00; WKN: A2E4L0) by the District Court or Frankfurt am Main. The body will be joined by Franz-Josef Schmitz. Current positions of Franz-Josef Schmitz include Member of the Management Board (COO) of Aggregate Management GmbH in Berlin and Managing Director of Pebble Investment GmbH, also in Berlin. Prior to the new appointment, Norbert Kickum had resigned his supervisory board mandate for important personal reasons with immediate effect on 31 May 2018.

The supervisory board elected Prof. Dr. Martin Meissner as its new chairman. Franz-Josef Schmitz will serve as his deputy chairman.

Press Contact

RUECKERCONSULT GmbH
Peter Dietze-Felberg
Wallstr. 16
D-10179 Berlin

TEL: +49 (0)30 28 44 987 62
E-MAIL: gxp@rueckerconsult.de

Investor Relations

GxP German Properties AG
Europa Center 9th floor
Tauentzienstr. 9
D-10789 Berlin

TEL.: +49 (0)30 886 267 40
FAX: +49 (0)30 886 267 411
E-MAIL: info@gxpag.com

About GxP German Properties AG

Based in Berlin, GxP German Properties AG concentrates on the acquisition, portfolio management and asset management of office and retail real estate in Germany. The company’s investment focus includes attractive commercial real estate in the segments “core+” and “value-add” in the country’s metro regions as well as in selected midsize German cities. The strategy pursued by the company is to raise appreciation potential through active portfolio management, and to secure sustainable rent revenues at the same time. To this end, it relies on its long-term experience on the real estate market and its comprehensive network.

For more details, go to the company’s homepage at www.gxpag.com

2 May 2018

GxP German Properties off to a Successful Start into the 2018 Financial Year

• Net asset value (NAV) per share ascends to EUR 6.14
• Total value of the real estate portfolio (GAV) rises to EUR 166.1 million
• New leases for a combined total of 638 square metres signed

Berlin, 14 May 2018 – GxP German Properties AG (ISIN: DE000A1YCNN8, WKN: A1YCNN) started successfully into the 2018 financial year, ending the first quarter with several asset management achievements.

Overall, new lease agreements whose terms have already begun or will begin during the second quarter were signed with three tenants for a total floor area of 638 square metres during the reporting period. With all previously signed leases taken into account, the portfolio generated annualised rent revenues of EUR 10.8 million in 2018 to date, implying a vacancy rate of 11.34 percent in the portfolio properties (31/12/2017: 13.15 percent). The weighted average unexpired lease term (WAULT) across the portfolio was 3.48 years as of 31/03/2018.

The company’s portfolio includes twelve commercial properties with a combined floor area of 106,594 square metres that are located in eleven different cities across Germany. Their total value (GAV) comes to EUR 166.1 million (31/12/2017: EUR 165.3 million) while the NAV was EUR 64.9 million as of the balance sheet date (31/12/2017: EUR 64.8 million). The NAV per share equalled EUR 6.14 as of 31/03/2018 (31/12/2017: EUR 6.12).

When annualised, the contractual annual net rent of more than EUR 10.8 million translates into a gross return (gross initial yield) of 6.48 percent relative to the total real estate value of EUR 166.1 million (31/12/2017: 6.32 percent).

The revenues during the first quarter of 2018 added up to a total amount of EUR 3.3 million, the overwhelming bulk of it representing the rental income collected. The operating income came to EUR 1.3 million. When factoring in the financial results of EUR -0.743 million and income taxes in the amount of EUR 0.2 million, the first quarter of this years returned a consolidated income of EUR 0.4 million after taxes.

The company’s financial situation remains stable. Its gearing ratio (loan to value or LTV) stood at 59.3 percent by the end of the first quarter (31/12/2017: 59.0 percent). The equity ratio increased slightly to 35.8 percent (up from 35.5 percent as of 31/12/2017).

The cash flow from current operations added up to EUR 1.2 million by the end of the reporting period.

Boris Tramm, the CEO of GxP German Properties AG, said: “With the stable development of our operative business during the first quarter, we created a sound foundation for our performance throughout 2018 which we will keep connecting to in the months to come.”

Press Contact

RUECKERCONSULT GmbH
Peter Dietze-Felberg
Wallstr. 16
D-10179 Berlin

TEL: +49 (0)30 28 44 987 62
E-MAIL: gxp@rueckerconsult.de

Investor Relations

GxP German Properties AG
Europa Center 9th floor
Tauentzienstr. 9
D-10789 Berlin

TEL.: +49 (0)30 886 267 40
FAX: +49 (0)30 886 267 411
E-MAIL: info@gxpag.com

About GxP German Properties AG

Based in Berlin, GxP German Properties AG concentrates on the acquisition, portfolio management and asset management of office and retail real estate in Germany. The company’s investment focus includes attractive commercial real estate in the segments “core+” and “value-add” in the country’s metro regions as well as in selected midsize German cities. The strategy pursued by the company is to raise appreciation potential through active portfolio management, and to secure sustainable rent revenues at the same time. To this end, it relies on its long-term experience on the real estate market and its comprehensive network.

For more details, go to the company’s homepage at www.gxpag.com

2 May 2018

GxP German Properties Achieves Substantial Growth in 2017

• Net asset value (NAV) per share climbs to EUR 6.12
• Total value of the real estate portfolio (GAV) increased by EUR 76.8 million to EUR 165.3 million
• Earnings after taxes rose from EUR 9.4 million to EUR 15.5 million

Berlin, 2 May 2018 – The listed Germany company GxP German Properties AG (ISIN: DE000A1YCNN8, WKN: A1YCNN) saw substantial growth during the 2017 financial year, and significantly increased its earnings figures. This is the upshot of the voluntary IFRS consolidated financial statements the company published for the first time as it presented the figures for its 2017 financial year. As of now, the annual report is available for download on the company’s homepage.

Portfolio Metrics Enhanced by Growth and Active Asset Management

By the end of the reporting period, four new acquisitions had brought up the real estate portfolio up to a total of twelve high-yield commercial properties with a combined floor area of 106,700 square metres (previous year: eight properties with a total of 65,095 square metres). The goal of massively enlarging the real estate holdings during the year under review was thereby achieved.

A total of 18 new leases for a combined floor area of 14,500 square metres were signed. The average vacancy rate had dropped by 229 basis points to 13.15 percent by the balance sheet date (previous year: 15.4 percent), whereas the portfolio’s weighted average unexpired lease terms (WAULT) went up from 2.89 to 3.67 years.

The real estate held by the company is spread across eleven locations in Germany, and adds up to a total value (GAV) of EUR 165.3 million (previous year: EUR 88.5 million) and a NAV of EUR 64.8 million (previous year: EUR 38.5 million). The NAV per share climbed to EUR 6.12 (previous year EUR 3.64). The gross yield of the real estate portfolio equalled 6.32 percent.

Robust Growth in Earnings and Sound Financial Position

Revenues collected during the 2017 financial year came to a total of EUR 13.0 million, with rent revenues accounting for the bulk of it at EUR 9.7 million. Another EUR 3.1 million represent proceeds from sales of properties no longer matching the company’s strategy, while EUR 0.2 million in revenues were generated by services provided in the asset management segment. During the previous year, sales revenues totalled EUR 57.6 million, with property sales proceeds accounting for EUR 54.6 million of the total.

The appreciation of the real estate portfolio during the year under review added up to EUR 19.3 million and thus clearly exceeded the prior-year figure (EUR 14.2 million). In addition to the properties acquired in 2017, the appreciation is attributable to portfolio properties that underwent improvements within the asset management framework. Earnings after taxes rose from EUR 9.4 million to EUR 15.5 million.

Analogously, the company’s financial situation was further stabilised. The gearing ratio (loan-to-value or LTV) was down to 59.0 percent by year-end (previous year: 58.8 percent) while the equity ratio rose by 180 basis points to 35.5 percent (previous year: 33.7 percent).

During the reporting period, the cash flow from operations amounted to EUR 5.8 million (previous year: EUR -17.0 million).

Plans Call for Further Portfolio Growth and Improvement of the Portfolio Metrics in 2018

In the ongoing financial year of 2018, GxP German Properties AG plans to continue its portfolio expansion and to keep improving its portfolio metrics. Boris Tramm, the company’s CEO, said: “We intend to keep exploiting the potential of the different real estate markets in 2018 in order to supplement our property holdings by acquiring assets that meet our quality requirements and return expectations. At the same time, we will continue to optimise our existing portfolio in a consistent effort to broaden the income basis of our company and to lay the ground for long-term appreciation.”

Press Contact

RUECKERCONSULT GmbH
Peter Dietze-Felberg
Wallstr. 16
D-10179 Berlin

TEL: +49 (0)30 28 44 987 62
E-MAIL: gxp@rueckerconsult.de

Investor Relations

GxP German Properties AG
Europa Center 9th floor
Tauentzienstr. 9
D-10789 Berlin

TEL.: +49 (0)30 886 267 40
FAX: +49 (0)30 886 267 411
E-MAIL: info@gxpag.com

About GxP German Properties AG

Based in Berlin, GxP German Properties AG concentrates on the acquisition, portfolio management and asset management of office and retail real estate in Germany. The company’s investment focus includes attractive commercial real estate in the segments “core+” and “value-add” in the country’s metro regions as well as in selected midsize German cities. The strategy pursued by the company is to raise appreciation potential through active portfolio management, and to secure sustainable rent revenues at the same time. To this end, it relies on its long-term experience on the real estate market and its comprehensive network.

For more details, go to the company’s homepage at www.gxpag.com

GxP German Properties: Change in Supervisory Board

Berlin, March 2, 2018 – The Supervisory Board of GxP German Properties AG (ISIN: DE000A2E4L00, WKN: A2E4L0) has two new members after their appointment by the local court in Frankfurt am Main. Andreas Steyer and Prof. Dr. Martin Meißner are joining the board. Mr. Steyer is a member of the Managing Board of CONSUS Real Estate AG and was appointed to the Supervisory Board to replace Dr. Jürgen Büser who passed away recently. Prof. Dr. Meißner is a lawyer and partner with the law firm Reed Smith LLP, and is replacing Dr. Sebastian Glock on the Supervisory Board, who resigned from his office with effect from midnight on 28 February 2018 for personal reasons.

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

GxP German Properties announces closing of property transaction in Berlin-Teltow and looks back at successful asset management activities in 2017

• Real estate portfolio increased to 12 properties with annualized rental income of EUR 10.7 million
• Active portfolio management is reflected in the improvement of all relevant real estate key perfor-mance indicators
• As of 31 December 2017, portfolio WAULT increased to 3.5 years and vacancy rate decreased to 12.1 percent
• In the portfolio purchased 12 months ago, the vacancy rate was reduced by almost 30 percent on a like-for-like basis while rental income rose by 6.7 per cent

Frankfurt, December 22, 2017 – GxP German Properties AG (ISIN: A2E4L0) today announced the successful closing of its property acquisition in Berlin-Teltow. The office building has a lettable area of approximately 10,000m² and is almost fully let with an occupancy rate of 99 percent. The weighted average lease term (WAULT) is 4.2 years, while annual rental income totals approximately EUR 1.1 million. The current value of the property is about EUR 18.2 million.

Completing this transaction brings to a close GxP’s first full financial year as a listed real estate company. This period was characterized by expansion of the real estate portfolio and active portfolio management aimed at creating value. The company's strong in-house asset management team, local expertise and reliable network reduced the vacancy rate quickly and helped improve tenant loyalty.

Overall, the portfolio increased to 12 properties as a result of acquisitions in Berlin-Teltow, Frankfurt am Main and Hamm in the second half of 2017. Total lettable space increased by around 27,000m² to approximately 107,000m².

These acquisitions, combined with active asset management, enabled GxP to significantly increase the remaining lease terms in the portfolio, with WAULT rising to 3.5 years by the end of December. The overall vacancy rate in the GxP portfolio was reduced to 12.1 percent in 2017, while annualized rental income is currently up to EUR 10.7 million after EUR 6.1 million at the end of 2016. 18 Leases were signed for more than 14,500m².

One particular point of focus of GxP's asset management activities was its ‘Thor portfolio’ which has been acquired in December 2016. Since its acquisition, the vacancy rate in this portfolio has been significantly reduced from 20.8 percent to 14.5 percent at the end of 2017, while WAULT was increased by 1.2 years to 3.2 years. The main contributing factors to this were successful lease renewals for around 10,000m² of space and new leases for 4,200m² of space. Annualized rental income in the Thor portfolio rose accordingly by around 6.7 percent to approximately EUR 6.6 million.

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

GxP German Properties announces changes on the Supervisory Board

Frankfurt, December 21, 2017 – The Supervisory Board of GxP German Properties AG (ISIN: DE000A2E4L00, WKN: A2E4L0) today elected Norbert Kickum chairman of the Supervisory Board. Dr. Jürgen Büser will serve as his deputy.

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

GxP German Properties AG announces changes on the Supervisory Board

Frankfurt, December 01, 2017 – GxP German Properties AG (ISIN: DE000A2E4L00, WKN: A2E4L0) today announced the appointment of two new Supervisory Board members by Frankfurt am Main Local Court. The new members are Norbert Kickum and Dr. Jürgen Büser. They succeed Michael Wurzinger and Dr. Hermann Otto Solms, who resigned their posts.
Norbert Kickum and Dr. Jürgen Büser are members of the Management Board of Consus Real Estate AG, which recently acquired a 58 per cent stake in GxP German Properties AG.

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

GxP German Properties successfully concludes Q3 2017

• Three acquisitions push up market value of property portfolio to approx. EUR 164 million
• Vacancy rate down and total WAULT up due to successful asset management and portfolio ex-pansion

Frankfurt, December 01, 2017 – GxP German Properties AG (ISIN: DE000A2E4L00, WKN: A2E4L0) today announced that it has continued its successful business performance in the third quarter of 2017.

The company in the third quarter acquired three properties in Frankfurt, Hamm and Berlin-Teltow with a volume of approx. EUR 48 million, lifting the value of its recognised and contractually secured total portfolio (GAV) comprising 12 properties to approx. EUR 164 million as at 30 September 2017.

Two of the three acquired properties have already been consolidated at the start of the fourth quarter of 2017.

The net loan-to-value (LTV) as at the end of the third quarter was below 60 per cent, compared with 63.3 per cent at year-end 2016.

The annualised rental income of the GAV including the new acquisitions has increased to EUR 10.5 mil-lion after EUR 7.7 million as at 30 June 2017. In addition to the newly acquired properties, the compa-ny’s successful asset management was also a factor contributing to this increase in the third quarter. As a result of lease renewals in the existing portfolio of 8,700 square metres and new leases for 1,500 square metres, the portfolio’s weighted average unexpired lease term (WAULT) including the new acquisitions has increased to 3.6 years as at the end of November 2017. The vacancy rate in the existing portfolio was reduced to 12.8 per cent as at the end of November 2017.
The average interest rate on the outstanding debt remained steady at the 30 June 2017 value of 2.1 per cent.

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