Aroundtown Property Holdings Plc. PRESENT HIGH GROWTH AND INCREASED PROFITS FOR THE FIRST 9 MONTHS OF 2015

25.11.2015

Aroundtown Property Holdings Plc. / Key word(s): 9-month figures/Real Estate
25.11.2015 06:29

Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF APPLICABLE LAWS OR REGULATIONS

AROUNDTOWN PROPERTY HOLDINGS PLC PRESENT HIGH GROWTH AND INCREASED PROFITS FOR THE FIRST 9 MONTHS OF 2015

  - EBITDA of EUR 836.5 million, up 209% YOY

- Net profit rose by 228% to EUR 751.3 million YOY
- Rental and operating income at EUR 80.7 million, up by 353% from     1-9/2014 pro-forma rental income

- Adj. EBITDA increased to EUR 103 million, up 148% YOY
- FFO I increased to EUR 64.3 million, up 149% YOY
- FFO I per share increased to EUR 0.12, up by 133% YOY
- Basic Earnings per share rose to EUR 1.08, Diluted Earnings per share     at EUR 0.9

- Total assets at EUR 3.75 billion; Total Group asset (including GCP     assets) grew to EUR 7.3 billion

  - EPRA NAV grew to EUR 2.85 billion

- Strong acquisition firepower with EUR 306 million cash and liquid     assets

- Conservative capital structure with an LTV of 29.6% (12.3% assuming conversion of the convertible bonds), an equity ratio of 60.3% (74.9% assuming conversion) and Interest Coverage Ratio of 5.5x
- Dual listing on Frankfurt Stock Exchange (FSE, Xetra) in November 2015, further boosting visibility and supporting liquidity going forward
25 November 2015.

Growth momentum maintained, operational improvements driven forward
Aroundtown Property Holding PLC (ATP) continued to materialize the potential of its deal pipeline through numerous acquisitions made over the third quarter. Total assets rose by 118% from year-end 2014 to EUR 3.75 billion at the end of September 2015. The Company's external growth combined with steady successful operational developments led to a strong rise in the cash flow generation of the portfolio. The portfolio's monthly annualized FFO I run rate (12*October 2015), reflecting its current state without accounting for any further operational or financial improvements, amounts to EUR 111 million.

The full Q3 2015 interim report is available on the Company's website:
www.aroundtownholdings.com/downloads.html

About the Company 

Aroundtown Property Holdings PLC is a specialist real estate company focused on value-add income generating properties primarily in the German real estate markets.
Aroundtown Property Holdings PLC (ISIN: CY0105562116) is a public limited liability company incorporated under the laws of Cyprus, having its registered office at 2 Faros Avenue Spyros Thalassines Alkyonides, 7560 Pervolia, Larnaca, Cyprus (registered number HE148223).
Contact: 
Timothy Wright 
T:  +357-2442-7851
E:  [email protected]
www.aroundtownholdings.com

 
Disclaimer:

THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY SECURITIES.

THE SECURITIES MENTIONED IN THIS ANNOUNCEMENT HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT. THERE WILL BE NO PUBLIC OFFERING OF THE SECURITIES IN THE UNITED STATES.

THIS ANNOUNCEMENT IS DIRECTED AT AND IS ONLY BEING DISTRIBUTED IN THE UNITED KINGDOM TO (I) PERSONS WHO HAVE PROFESSIONAL EXPERIENCE IN MATTERS RELATING TO INVESTMENTS FALLING WITHIN ARTICLE 19(5) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005 (THE "ORDER"), (II) HIGH NET WORTH ENTITIES, AND OTHER PERSONS TO WHOM IT MAY OTHERWISE LAWFULLY BE COMMUNICATED FALLING WITHIN ARTICLE 49 OF THE ORDER, AND (III) PERSONS TO WHOM IT MAY OTHERWISE LAWFULLY BE COMMUNICATED (ALL SUCH PERSONS TOGETHER BEING REFERRED TO AS "RELEVANT PERSONS"). THIS COMMUNICATION MUST NOT BE READ, ACTED ON OR RELIED ON BY PERSONS WHO ARE NOT RELEVANT PERSONS. ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS ANNOUNCEMENT RELATES IS AVAILABLE ONLY TO RELEVANT PERSONS AND WILL BE ENGAGED IN ONLY WITH RELEVANT PERSONS.

IN MEMBER STATES OF THE EUROPEAN ECONOMIC AREA ("EEA"), THIS ANNOUNCEMENT AND ANY OFFER IF MADE SUBSEQUENTLY IS DIRECTED ONLY AT PERSONS WHO ARE "QUALIFIED INVESTORS" WITHIN THE MEANING OF ARTICLE 2(1)(E) OF DIRECTIVE 2003/71/EC, AS AMENDED (THE "PROSPECTUS DIRECTIVE") ("QUALIFIED INVESTORS"). ANY PERSON IN THE EEA WHO ACQUIRES THE SECURITIES IN ANY OFFER (AN "INVESTOR") OR TO WHOM ANY OFFER OF THE SECURITIES IS MADE WILL BE DEEMED TO HAVE REPRESENTED AND AGREED THAT IT IS A QUALIFIED INVESTOR. ANY INVESTOR WILL ALSO BE DEEMED TO HAVE REPRESENTED AND AGREED THAT ANY SECURITIES ACQUIRED BY IT IN THE OFFER HAVE NOT BEEN ACQUIRED ON BEHALF OF PERSONS IN THE EEA OTHER THAN QUALIFIED INVESTORS, NOR HAVE THE SECURITIES BEEN ACQUIRED WITH A VIEW TO THEIR OFFER OR RESALE IN THE EEA TO PERSONS WHERE THIS WOULD RESULT IN A REQUIREMENT FOR PUBLICATION BY THE COMPANY OR ANY OF THE JOINT BOOKRUNNERS OF A PROSPECTUS PURSUANT TO ARTICLE 3 OF THE PROSPECTUS DIRECTIVE.

THIS ANNOUNCEMENT MAY CONTAIN PROJECTIONS OR ESTIMATES RELATING TO PLANS AND OBJECTIVES RELATING TO OUR FUTURE OPERATIONS, PRODUCTS, OR SERVICES, FUTURE FINANCIAL RESULTS, OR ASSUMPTIONS UNDERLYING OR RELATING TO ANY SUCH STATEMENTS, EACH OF WHICH CONSTITUTES A FORWARD-LOOKING STATEMENT SUBJECT TO RISKS AND UNCERTAINTIES, MANY OF WHICH ARE BEYOND THE CONTROL OF AROUNDTOWN PROPERTY HOLDINGS PLC. ACTUAL RESULTS COULD DIFFER MATERIALLY, DEPENDING ON A NUMBER OF FACTORS.


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