Press release
WCM pre-announces net income of EUR 57.7 million for 2015
Ad hoc announcement according to § 15 WpHGFrankfurt am Main, 25 April 2016 – WCM Beteiligungs- und Grundbesitz-AG (WCM AG, ISIN: DE000A1X3X33) pre-announces an unaudited net income of EUR 57.7 million for 2015 compared to EUR 1.2 million in 2014. The earnings per share of EUR 0.72 has increased significantly from EUR 0.08 in 2014. The funds from operations rose to EUR 7.9 million. The net asset value (NAV) according to EPRA increased to EUR 290.6 million or EUR 2.38 per share.
WCM AG will continue its growth in 2016 and further increase its portfolio size.
EXPLANATORY PART
WCM AG’s portfolio value increased from EUR 17.3 million in 2014 to EUR 505.7 million by the end of 2015. The annualised rental income at the end of the year amounts to EUR 31.5 million with a weighted average lease time (WALT) of 9.4 years. The low cost of debt of 2.1 percent is locked-in for a remaining 7 years.
WCM will publish the full-year results on 29 April 2016 with a detailed report and comprehensive earnings presentation available for download from the Investor Relations section on the company’s website.
About WCM AG
WCM Beteiligungs- und Grundbesitz-AG (WCM AG), with headquarters in Frankfurt am Main, is a specialised commercial real estate company. As a real estate proprietor, the focus is on long-term rental of high-quality office and retail properties in the major office locations in Germany. Since the operational restart in 2014, WCM AG has focused on an extensive network for the acquisition of properties as well as on value-creating asset management, in order to generate attractive long-term rental income and a steady cash flow. The portfolio has a gross asset value of more than EUR 500 million. The company has extensive loss carry forwards in corporate and commercial tax. Shares of WCM AG are listed in the SDAX of Deutsche Borse since 21 December 2015.
Press contact:
edicto GmbH
Axel Mühlhaus/ Dr. Sönke Knop
Eschersheimer Landstraße 42, 60322 Frankfurt am Main
+49 (0) 69-905505-51
wcm@edicto.de
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