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Press Releases from KWG Kommunale Wohnen AG (16 total)

KWG Kommunale Wohnen AG: KWG demonstrates strong performance and confirms its gu …

- Net Rental Income rises by 62% to EUR 23.2 mn. - FFO more than doubles vs. 9-m 2012a to EUR 4.6 mn. - Forecast for FY 2013e confirmed. Hamburg, 6 November 2013 - KWG Kommunale Wohnen AG, a long-term oriented property holding company of residential real estate in which Austrian conwert Immobilien Invest SE holds a 76% majority stake, looks back upon a successful 9-months period in the course of

Profitable sale from Portfolio confirms KWG's business model

- EUR 3.0 mn of realised profit under German accounting standards - Sale at IFRS book value documents realistic portfolio valuation - Positive value enhancement confirms KWG's business model Hamburg, 06 May 2013 - KWG Kommunale Wohnen AG, a long-term oriented property holding company of residential real estate in which Austrian conwert Immobilien Invest SE holds a 76% majority stake, sells 160 of its apartments in Wolfsburg. The price realised for the portfolio

KWG Kommunale Wohnen AG: KWG presents final figures for 2012 and confirms prelim …

- 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

KWG announces changes in Supervisory Board

Hamburg - 12 April 2013 - KWG Kommunale Wohnen AG, the long-term oriented property holding company of German residential real estate, announces changes in the company's Supervisory Board following the acquisition of a majority stake in the company by conwert Immobilien Invest SE. In this context Franz-Josef Gesinn, Thies-Martin Brandt, Bjoern Engholm, Hans-Michael Porwoll und Patrik Zeigherman resigned from the Supervisory Board in mutual agreement. The Supervisory Board's Chairman Prof.

KWG Kommunale Wohnen AG: Expected Change in Management Board

Hamburg, 19 February 2013 - KWG Kommunale Wohnen AG, the long-term oriented property holding company of German residential real estate, announces that today Stavros Efremidis leaves the Management Board of KWG as expected. It is planned that Torsten P. Hoffmann will lead the company as its sole management board member going forward. As previously announced Mr. Efremidis will change to the Executive Board of conwert Immobilien Invest SE and will

KWG increases EPS by 210% to EUR 1.30 for 9-months 2012

- Net Rental Income increased by 31% to EUR 14.3 mn. - Group Result rises by 360% to EUR 20.7 mn. - FFO approx + 80% above previous year at EUR 2.0 mn. - Sustainable dividend payment planned for FY 2013. Hamburg, 7 November 2012 - KWG Kommunale Wohnen AG, the long-term oriented property holding company of German residential real estate, records earnings per share of EUR 1.30 for the first nine months

KWG Kommunale Wohnen AG: Contract with Stavros Efremidis extended until 2018

Hamburg, 17.10.2012 - The Supervisory Board of KWG Kommunale Wohnen AG, the long-term oriented property holding company of German residential real estate, resolved in yesterday's meeting to extend the contract with CEO Stavros Efremidis until 31 January 2018. Stavros Efremidis has been a member of the Management Board at KWG since 2007. Torsten Hoffmann, CFO of KWG, also has a long term management contract at KWG until 2015. Prof. Dr. Peer

KWG Kommunale Wohnen AG: KWG with record first 6 months / final numbers confirm …

- KWG half year Net Profit rises six-fold to EUR 20.4 mn (H1 2011: EUR 3.4 mn) - Funds from Operations (FFO) increased significantly to EUR 1.2 mn (H1 2011: EUR 0.2 mn) - KWG stand-alone underlines successful operational development Hamburg, 16 August 2012 - KWG Kommunale Wohnen AG, the long-term oriented property holding company of German residential real estate, confirms and in part beats its preliminary numbers reported for H1 2012. According

Preliminary numbers: Most successful H1 KWG AG's history

- Group H1 2012 net result increased six times to approx. EUR 20 mn (last year: EUR 3.4 mn) - Group-FFO raised significantly to approx. EUR 1.2 mn (last year: EUR 0.2 mn) - KWG stand-alone results underline positive operational development Hamburg, 31 July 2012 - KWG Kommunale Wohnen AG, the long-term oriented property holding company of German residential real estate, expects to post the most successful first half year in the company's

KWG Kommunale Wohnen AG: Refinancing reduces cost of capital by EUR 0.5 mn p.a.

- Refinancing of loans in the amount of EUR 22 mn - Reduction of annual interest expenses by EUR 0.5 mn - Long-term duration of 10-year loans guarantees high planning reliability Hamburg - 16 July 2012 - KWG Kommunale Wohnen AG, long-term oriented holder of German residential real estate, does not have any significant refinancing requirements until the end of 2014 after the successful refinancing of a loan in the amount of EUR

KWG Kommunale Wohnen AG signs Term Sheet for an acquisition of approx. 2,900 uni …

- Largest acquisition in KWG's history expected - Acquisition planned at 9.5x annual current Net Cold Rent - Expected FFO-contribution for 2013e of approx. EUR 1.7 mn, expected to increase mid-term to more than EUR 3.0 mn - Total portfolio of KWG Group increases to almost 10,000 units Hamburg - 11 July 2012 - KWG Kommunale Wohnen AG, long-term oriented holder and operator of German residential real estate, accelerates its profitable growth. KWG signed

KWG Kommunale Wohnen AG records significant growth in Q1 2012

- Net Cold Rent increased by 18.0 % to EUR 4.1 million, Revenues improved by 17.3 % to EUR 5.9 million - Increase of FFO by 77.5 % to EUR 0.7 million - Additional significant growth planned for 2012 Hamburg - 10 May 2012 - KWG Kommunale Wohnen AG, the long-term oriented property holding company of German residential real estate, records a successful start into the current fiscal year. The Q1 2012 net

KWG significantly beats expected Net Profit in final FY 2011 numbers

Hamburg, 17 April 2012 - According to its audited FY 2011 financial statements that have been approved by its supervisory board, KWG Kommunale Wohnen AG, the long-term oriented owner and operator of German residential real estate, has achieved a result for Earnings After Tax that significantly beats its preliminary numbers. FY 2011's net result amounts to EUR 9.7 million. Thus, it beats both, the preliminary forecast of EUR 8.8 million

KWG Kommunale Wohnen AG closes its rights issue and raises gross proceeds of EUR …

Hamburg, 05 April 2012 - KWG Kommunale Wohnen AG (hereinafter KWG AG) has successfully closed its rights issue from its authorised capital. By issuing the total of 3,576,505 new shares at a subscription price of EUR 5.25 the company raises gross proceeds of approximately EUR 18.8 millions. The subscription period for its existing shareholders lasted from 16 March 2012 until 30 March 2012. New shares that had not been subscribed

KWG Kommunale Wohnen AG resolves cash capital increase to fund further growth

Hamburg, 15. March 2012 - After its recently announced transaction that was the largest in its history and looking back to a successful fiscal year 2011, KWG Kommunale Wohnen AG, the German long-term oriented German property holding company, plans to increase its share capital against cash to fund further planned steps in growth. As announced today in the Electronic German Federal Gazette (,elektronischer Bundesanzeiger') the Board of Management of KWG Kommunale

KWG increases turnover and results in the first nine months 2011 and raises its …

• Net rental income increased by 11 % to EUR 10.9 million, turnover rose by 9 % to EUR 15.8 million • Group profit improved from EUR 0.4 million to EUR 4.5 million • Vacancy rate in core portfolio reduced from 6.1 % to 3.9 % • Guidance for 2011 raised due to positive operative development Hamburg, 8 November 2011 - KWG Kommunale Wohnen AG, a German property holding company with a long-term strategy, looks back on successful

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