Ad-hoc | 5 November 2013 15:39
Fair Value REIT-AG / Key word(s): Dividend/Change in Forecast
05.11.2013 15:39
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Munich, November 5, 2013 - On the back of the publication of the interim
financial report as of September 30, 2013 on November 7, 2013, Fair Value
REIT-AG (WKN A0MW97, ISIN
DE000A0MW975) is able to report future earnings improvements in the AG's
non-consolidated financial statements pursuant to the German Commercial
Code (HGB). These improvements are attributable to falling net interest
expenses for financial liabilities. Given this development, the Management
Board has doubled its dividend forecast for the financial years 2013 and
2014 from the previous EUR 0.12 per share to EUR 0.24 per share. As a
result, the projected dividend of the company for the financial years 2013
and 2014 corresponds with around 40% of the planned operating IFRS
consolidated net income adjusted for sale and valuation results (FFO),
instead of the previous approx. 20%.
The interim report of Fair Value REIT-AG for the first three quarters of
2013 will be published on November 7, 2013 in the Financial Reports section
of www.fvreit.de.
< End of the ad hoc notification>
Contact
Fair Value REIT-AG
Frank Schaich
Tel.: +49 (0)89-9292815-10
Fax.: +49 (0)89-9292815-15
E-Mail: schaich@fvreit.de
05.11.2013 DGAP's 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: Fair Value REIT-AG
Leopoldstraße 244
80807 München
Germany
Phone: +49 (0)89 9292 815-01
Fax: +49 (0)89 9292 815-15
E-mail: info@fvreit.de
Internet: www.fvreit.de
ISIN: DE000A0MW975
WKN: A0MW97
Indices: RX REIT All Share Index, RX REIT Index
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, München, Stuttgart
End of Announcement DGAP News-Service
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