25.04.2016
WCM Beteiligungs- und Grundbesitz-AG DE000A1X3X33
DGAP-Adhoc: WCM Beteiligungs- und Grundbesitz-AG: WCM pre-announces net income of EUR 57.7 million for 2015
WCM Beteiligungs- und Grundbesitz-AG / Key word(s): Final Results/Real Estate
25.04.2016 07:45
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Ad hoc announcement according to § 15 WpHG
WCM pre-announces net income of EUR 57.7 million for 2015
Frankfurt am Main, 25 April 2016 - WCM Beteiligungs- und Grundbesitz-AG
(WCM AG, ISIN: DE000A1X3X33) pre-announces an unaudited net income of EUR
57.7 million for 2015 compared to EUR 1.2 million in 2014. The earnings per
share of EUR 0.72 has increased significantly from EUR 0.08 in 2014. The
funds from operations rose to EUR 7.9 million. The net asset value (NAV)
according to EPRA increased to EUR 290.6 million or EUR 2.38 per share.
WCM AG will continue its growth in 2016 and further increase its portfolio
size.
About WCM AG
WCM Beteiligungs- und Grundbesitz-AG (WCM AG), with headquarters in
Frankfurt am Main, is a specialised commercial real estate company. As a
real estate proprietor, the focus is on long-term rental of high-quality
office and retail properties in the major office locations in Germany.
Since the operational restart in 2014, WCM AG has focused on an extensive
network for the acquisition of properties as well as on value-creating
asset management, in order to generate attractive long-term rental income
and a steady cash flow. The portfolio has a gross asset value of more than
EUR 500 million. The company has extensive loss carry forwards in corporate
and commercial tax. Shares of WCM AG are listed in the SDAX of Deutsche
Borse since 21 December 2015.
Press contact:
edicto GmbH
Axel Mühlhaus/ Dr. Sönke Knop
+49 (0) 69-905505-51
[email protected]
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Information and Explanation of the Issuer to this News:
EXPLANATORY PART
WCM AG's portfolio value increased from EUR 17.3 million in 2014 to EUR
505.7 million by the end of 2015. The annualised rental income at the end
of the year amounts to EUR 31.5 million with a weighted average lease time
(WALT) of 9.4 years. The low cost of debt of 2.1 percent is locked-in for a
remaining 7 years.
WCM will publish the full-year results on 29 April 2016 with a detailed
report and comprehensive earnings presentation available for download from
the Investor Relations section on the company's website.
25.04.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: WCM Beteiligungs- und Grundbesitz-AG
Bleichstr. 64-66
60313 Frankfurt am Main
Germany
Phone: +49 (0)30 8870 476-10
Fax: +49 (0)30 8870 476-20
E-mail:
Internet: www.wcm.de
ISIN: DE000A1X3X33, SDAX
WKN: A1X3X33
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime
Standard), Hamburg, Stuttgart; Regulated Unofficial Market in
Munich
End of Announcement DGAP News-Service
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