Berlin, November 11, 2016 – ACCENTRO Real EstateAG (WKN: A0KFKB, ISIN: DE000A0KFKB3), Berlin, continues its successful business performance with a strong third quarter. With quarterly revenue of EUR 66.9 million, revenue for the third quarter more than tripled compared to the same period last year (Q3 2015: EUR 20.4 million). Consolidated quarterly net income more than quadrupled to EUR 9.7 million (Q3 2015: EUR 2.2 million).

Strong Nine-Month Results with Successful Real Estate Sales

Consolidated revenue for the first nine months of fiscal year 2016 totaled EUR 140.5 million. ACCENTRO thus exceeded the revenue of the very strong prior-year period (EUR 138.4 million). Consolidated net income for the period from January 1 to September 30, 2016, amounted to EUR 17.0 million. “This encouraging business performance confirms our decision to propose, for the first time, the payment of a dividend for the 2016 fiscal year to our shareholders at the next Annual Shareholders’ Meeting,” said Jacopo Mingazzini, CEO of ACCENTRO.

Positive Development in the Privatization Business

Despite the disposal of real estate from the trading portfolio, which generated sales revenue of nearly EUR 74 million, ACCENTRO’s inventory remains virtually at the previous year’s level. “We will continue to use the proceeds from our real estate sales to strengthen our privatization portfolio and further improve our financing structure. In the fourth quarter of 2016, we expect to transfer properties with a total value of nearly EUR 30 million to our Group companies. The corresponding purchase agreements have already been notarized,” said Mingazzini.

ACCENTRO Continues to Grow

In the portfolio segment, ACCENTRO took advantage of the attractive market conditions to divest itself of several properties in secondary locations. The proceeds from these strategic sales were used to repay debt, thereby reducing the debt-to-equity ratio and increasing financial flexibility for the expansion of the privatization portfolio. At the same time, ACCENTRO is also expanding into new markets and business areas. “Berlin remains our core market. If attractive opportunities arise for us outside the capital, we will take advantage of them. Furthermore, given the tremendous boom in major German cities, we expect a further increase in new construction volume. We have positioned ourselves to capitalize on this development,” says Mingazzini.

Key Figures as of September 30, 2016

Compared with the figures for the same period last year (January 1, 2015, to September 30, 2015)

Key figures as of September 30, 2016

About ACCENTRO Real Estate AG

ACCENTRO Real Estate AG is a residential real estate investor and the market leader in residential privatization in Germany. As of December 31, 2020, its real estate portfolio comprised approximately 5,200 units. In addition to Berlin, its regional focus includes major cities and metropolitan areas in eastern Germany, as well as the Rhine-Ruhr metropolitan region and Bavaria. ACCENTRO’s business activities encompass four core areas. These include the tenant-oriented sale of apartments to owner-occupiers and private investors, the sale of real estate portfolios to institutional investors, the development and management of its own real estate portfolio, and the marketing of apartments for property owners, investors, and project developers. The shares of ACCENTRO Real Estate AG are listed on the Prime Standard of the Frankfurt Stock Exchange (WKN: A0KFKB, ISIN: DE000A0KFKB3). investors.accentro.de

Contact for Press and Public Relations

Jan Hutterer

Kirchhoff Consult AG

Borselstraße 20

22765 Hamburg

Email: accentro@kirchhoff.de

+49 (0)40 – 609 186 65

Investor Relations Contact:

Thomas Eisenlohr
ACCENTRO Real Estate AG
Kantstraße 44/45
10625 Berlin

Email: eisenlohr@accentro.de
Phone: +49 (0)30 88 71 81 272