Annual Report 2014
2014 Annual Report 2014 This document is a non-binding translation only. For the binding document please re- fer to the German version, published under www.adler-ag.com Annual Report of ADLER Real Estate Aktiengesellschaft for the business year 2014 4 Annual Report 2014 Key Financial Figures in EUR ‘000 Profit and loss key figures 2014 2013 Change in % Gross rental income 83,882 17,839 370.2 Earnings from the sale of properties 2,386 635 275.7 Adjusted EBITDA 27,175 2,976 813.2 Balance sheet key figures Market value property portfolio 1,170,159 417,865 180.0 EPRA NAV 342,213,638 94,592,016 261.8 LTV in % * 68.7% 66.9% 2.7 EPRA NAV per share in EURO ** 10.74 5.72 87.8 Non-financial key figures Number of rental units under management 25,559 7,797 227.8 thereof proprietary units 24,086 7,797 208.9 Number of units sold 1,217 16 7.506.3 thereof privatised units *** 837 n/a n/a thereof non-core units sold 380 16 2.275.0 Occupancy rate in % **** 87.2% 91.0% -4.1 Monthly in-place rent in m² ***** 5.02 5.14 -2.3 Number of employees (as at 31st Dec. 14) 102 20 410 Other key financials EBITDA 170,942 64,348 165.7 EBT 132,760 63,017 110.7 Consolidated net profit 111,571 46,876 138.0 Net cashflow from operating activities 16,749 11,934 40.3 Net cashflow from investing activities -208,272 -94,199 121.1 Net cashflow from financing activities 217,688 88,076 147.2 * excluding convertible bonds ** based on the number of shares outstanding as at 31 December 2014 *** short financial year (six months 01 July 2014 to 31 December 2014) **** proprietary rental
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