fair value reit-ag (FVI) Snapshot

Fair Value REIT-AG announced consolidated financial results for the first quarter ended March 31, 2012. For the quarter, the company reported rental revenue of EUR 2.458 million compared to EUR 2.731 million a year ago. Total revenues in the first three months of 2013 amounted to a total of EUR 2.97 million, down from the previous year's total by EUR 0.17 million. Net rental income was EUR 1.23 million compared to EUR 1.97 million a year ago. IFRS net income was EUR 1.620 million or 0.17 per share compared to EUR 1.210 million or 0.13 per share a year ago. Adjusted consolidated income (EPRA-Earnings)/FFO was EUR 1.448 million against EUR 1.275 million a year ago. Group equity totaled EUR 79.78 million as of March 31, 2013. Net asset value per share was EUR 8.55 per share compared to EUR 8.30 per share a year ago.

Fair Value REIT-AG announced consolidated financial results for the year of 2012. For the year, the company reported net sales of EUR 13.6 million for the financial year 2012 (previous year: EUR 13.4 million), while net rental income for the Group came in at EUR 8.4 million (previous year: EUR 8.8 million). The operating result (EBIT) was recorded at around EUR 5.9 million after EUR 6.7 million in the previous year. Income from participations totalled EUR 1.2 million (previous year: EUR 3.2 million). This fall is primarily attributable to the reduced market values of two properties. Consolidated net income adjusted for changes in market value and other one-off effects (in accordance with EPRA), which is also funds from operations (FFO), totalled EUR 5.6 million or EUR 0.60 per share. This was around 2% up on the previous year figure of EUR 5.5 million. The forecast of EUR 5.2 million, most recently revised upwards in August 2012, was therefore exceeded by 8%. In the year under review, however, consolidated net income fell to EUR 1.2 million after EUR 4.6 million in the previous year. The reduction by around EUR 3.4 million was attributable to the valuation loss at individual properties, to increased letting costs and to changes of the market values of interest rate derivatives recognised in profit or loss. FFO of EUR 5.3 million or EUR 0.57 per share is anticipated for 2013, with forecasts suggesting an adjusted consolidated net income figure of EUR 5.6 million or EUR 0.60 per share for Fair Value in 2013. In the financial years 2013 and 2014, total revenues will fall as planned, as the company is are aiming to make the most of the high demand for real estate already seen in 2012 for further property sales. The company proposed dividend of EUR 0.10 per share against EUR 0.08 per share a year ago. With respect to the non-consolidated financial statements of Fair Value REIT-AG under the German Commercial Code, the Management Board is anticipating net income which enables a rising dividend payment of EUR 0.12 per share in 2013 and 2014.

Fair Value REIT-AG announced that they will report fiscal year 2012 results on Mar 27, 2013