KWG Kommunale Wohnen AG
KWG Kommunale Wohnen AG: KWG presents final figures for 2012 and confirms preliminary results
KWG Kommunale Wohnen AG / Key word(s): Final Results/Real Estate 22.04.2013 / 08:00 --------------------------------------------------------------------- - Net Rental Income rises to EUR 19.8 mn. (prev. EUR 14.8 mn.) - FFO almost doubles to EUR 2.3 mn. (prev. EUR 1.2 mn.) - NNNAV per share at EUR 11.19 (prev. EUR 8.41) - Group Result increases to EUR 46.5 mn. (prev. EUR 9.8 mn.) Hamburg - 22 April 2013 - KWG Kommunale Wohnen AG, the long-term oriented property holding company of German residential real estate, presents its final figures for the fiscal year 2012 and publishes its annual report. The figures fully confirm the preliminary results announced on 20 March 2013. KWG increased its Total Revenues to a new record high of roughly EUR 27.9 mn. during financial year 2012 (prev. EUR 21.7 mn.). Net Rental Income rose by 34% to EUR 19.8 mn. (prev. EUR 14.8 mn.), increasing substantially over the course of the year. The positive trend is also reflected in the FFO (Funds from Operations) which almost doubled compared to previous year from EUR 1.2 mn. to EUR 2.3 mn. The NNNAV (Triple Net Asset Value) per share climbed from EUR 8.41 in 2011 to EUR 11.19 in 2012. The Group's Net Result reflects a decidedly positive cash-effective component as well as profitable acquisitions and value enhancements of the existing portfolio. The Group Net Result increased significantly from EUR 9.8 mn. in 2011 to EUR 46.5 mn. In the financial year 2013 we are planning to increase annual Net Rental Income to over EUR 30 mn. We are also planning to lift our funds from operations (excluding divestments) to EUR 5.0 mn. The annual report is available for download at the corporate website of KWG at www.kwg-ag.com. Contact KWG Kommunale Wohnen AG Jan Hutterer Alstertor 9 20095 Hamburg Tel.: +49/ 40/ 2263088-100 eMail: ir@kwg-ag.de www.kwg-ag.de End of Corporate News --------------------------------------------------------------------- 22.04.2013 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: KWG Kommunale Wohnen AG Alstertor 9 20095 Hamburg Germany Phone: 040 22 63 088 100 Fax: 040 22 63 088 200 E-mail: ir@kwg-ag.de Internet: www.kwg-ag.de ISIN: DE0005227342 WKN: 522734 Listed: Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart; Frankfurt in Open Market (Entry Standard) End of News DGAP News-Service --------------------------------------------------------------------- 207881 22.04.2013
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