Ad-hoc-Notification according to Art. 17 MAR - published via DGAP on the 31 August 2017 at 8:40h
GxP German Properties increases 1H 2017 results and guidance
Frankfurt, 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 € 5.0 million. The net asset value (NAV) as of 30 June 2017 amounted to € 50.2 million or € 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 € 83.6 million or € 9.65 per share). Management expects an increase in NAV per share, including the acquisition in Berlin-Teltow, from currently € 5.79 per share to at least € 5.95 per share.
Axel Mühlhaus / Patrick Wang
Eschersheimer Landstr. 42-44
Tel.: +49 (0) 69/ 905505-52
Fax: +49 (0) 69/ 905505-77