DGAP-Ad-hoc: PATRIZIA Immobilien AG / Key word(s): Final Results/Preliminary Results PATRIZIA Immobilien AG: PATRIZIA releases preliminary results and exceeds its earnings forecast 14-Feb-2017 / 17:41 CET/CEST Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- - Strong business performance in fourth quarter 2016 - Total operating income expected at EUR 283 million vs forecast of at least EUR 265 million Augsburg, 14 February 2017. PATRIZIA Immobilien AG is pleased to announce that the company continued its successful growth in 2016 as a leading property investment manager in Europe. The company has exceeded its profit forecast for the 2016 financial year significantly following a strong performance in the fourth quarter. The three months until 31 December 2016 were characterised by increased transaction volumes and the realisation of higher performance fees from the successful management of real estate investments. Following a total operating income of EUR 155 million for the 2015 financial year, the total operating income for 2016 is expected to rise to EUR 283 million, exceeding the most recent forecast of at least EUR 265 million. The past two financial years were also characterised by highly profitable transactions, with the sale of the Harald portfolio in 2016 and Südewo in 2015. Excluding the contribution of these transactions to PATRIZIA's results, a total recurring operating income of EUR 73 million is expected for 2016 - an increase of almost 70 per cent from EUR 43 million in 2015. A major contributor to the strong results was the increase in fee income for the management of property assets for PATRIZIA investors. Total management fees increased by 14 per cent to EUR 189 million in 2016 from EUR 165 million in 2015 (excluding performance fees for Südewo exit). Further details on PATRIZIA's earnings will be announced when the annual report is published on 14 March 2017. PATRIZIA Immobilien AG: PATRIZIA Immobilien AG has been active as an investment manager in the real estate market across 15 European countries for more than 30 years. PATRIZIA's activities include the acquisition, management, repositioning and sale of residential and commercial real estate through its own licensed investment platforms. As one of the leading real estate investment companies in Europe, PATRIZIA operates as a respected business partner of large institutional investors and retail investors in all major European countries. Currently, the Company manages real estate assets worth over EUR 18 billion, primarily as a portfolio manager and co-investor for insurance companies, pension fund institutions, sovereign funds, savings and cooperative banks. For further information, please visit: www.patrizia.ag PATRIZIA Immobilien AG The Managing Board PATRIZIA Immobilien AG PATRIZIA Bürohaus Fuggerstrasse 26 86150 Augsburg Listing: Frankfurt Official Market (Prime Standard) ISIN: DE000PAT1AG3 SIN: PAT1AG Contact: Investor Relations Michael Tegeder T +49 821 50910-401 [email protected] --------------------------------------------------------------------------- 14-Feb-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: PATRIZIA Immobilien AG Fuggerstraße 26 86150 Augsburg Germany Phone: +49 (0)821 - 509 10-000 Fax: +49 (0)821 - 509 10-999 E-mail: [email protected] Internet: www.patrizia.ag ISIN: DE000PAT1AG3 WKN: PAT1AG Indices: SDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange End of Announcement DGAP News Service --------------------------------------------------------------------------- 544473 14-Feb-2017 CET/CEST