KWG Kommunale Wohnen AG: KWG presents final figures for 2012 and confirms preliminary results

- 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.

KWG is one of a new generation of property companies in Germany. We take a long-term view of property investment by acquiring and developing quality residential properties offering good potential for improvement. We then invest capital and expertise in these properties over the long term. This approach gives our company a stable foundation and ensures a high degree of security for our business partners – investors, sellers and tenants.

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

This release was published on openPR.