27/02/2012 | Ad-hoc Disclosure
Fair Value REIT-AG achieves for the FY 2011 HGB earnings on a par with the previous year and suggests dividend of € 0.08 per share (preliminary figures)
150Munich, February 27, 2012 – According to preliminary figures, Fair Value REIT-AG (WKN A0MW97, ISIN DE000A0MW975) achieved an operating result of € 0.95 million in its non-consolidated financial statements for the financial year 2011 in accordance with HGB (German Commercial Code). This figure is up by a substantial € 0.30 million on the prior year figure of € 0.65. Commercial net income came in at € 0.70 million, close to the previous year level of € 0.73 million. In the financial year 2011, the balance sheet profit will presumably come in at € 0.77 million (previous year: € 1.0 million).
In accordance with the guidelines laid down in the REIT Act, a dividend of presumably € 0.08 per share will be proposed at the Annual General Meeting on May 14, 2012 (previous year: € 0.10 per share). This represents around 98% of the anticipated balance sheet profit (previous year: 93.5%).
The final results for the financial year 2011 will be published by Fair Value REIT-AG on March 29, 2012 in the Financial Reports section of www.fvreit.de.
2012
