ADLER Real Estate AG: FFO guidance for 2019...

The issuer is solely responsible for the content of this announcement.

ADLER Real Estate AG - FFO guidance for 2019 raised following successful placement of EUR400m bond to refinance existing debt

- EUR400m 1.5% bond with 3 years maturity issued at par and rated BB+ by S&P

- Proceeds will be used to refinance EUR300m 4.75% bond callable at par on 8 April 2019 and other existing debt

- Annual FFO contribution from savings of the refinancing of c.EUR 12m

Berlin, 4 April 2019 - Following the strong results published for FY2018, ADLER Real Estate AG successfully placed EUR400m senior unsecured notes ('bond') with 1.5% fixed interest maturing on 17 April 2022 (ISIN: XS1843441491). ADLER's bond rating of BB+ was reiterated by S&P. Besides that ADLER holds a Corporate rating of BB (with stable outlook).

Based on the savings of the refinancing, ADLER raises its 2019 FFO I guidance from EUR80-85m to EUR83-86m.

KPI's improved

	As of 31 Dec 2018	Post placement	2019 guidance
WACD	2.23%	2.0%	Achieved
ICR	2.33x	2.3-2.5x	n/a
Weighted average maturity	3.9 years	3.9 years	n/a

Your contact for enquiries:

Tina Kladnik
Head of Investor Relations
ADLER Real Estate AG
Tel: [phone]
[e-mail]

04.04.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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