DGAP-News: WCM Beteiligungs- und Grundbesitz-AG / Key word(s): Preliminary Results/Real Estate WCM Beteiligungs- und Grundbesitz-AG: WCM AG: 2016 again with profitable growth - further FFO increase in 2017 of EUR 23-24 million expected 21.03.2017 / 07:29 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- WCM AG: 2016 again with profitable growth - further FFO increase in 2017 of EUR 23-24 million expected - Funds from operations (FFO I) more than doubled to EUR 18.0 million - Rental income increased to EUR 32.6 million after EUR 10.4 million in previous year - FFO I guidance for 2017: EUR 23-24 million - already supported by existing portfolio and latest acquisitions - Further portfolio growth anticipated for 2017 - Dividend of minimum 50% of FFO expected for business year 2017 again Frankfurt am Main, 21 March 2017 - SDAX listed WCM Beteiligungs- und Grundbesitz-AG (WCM AG, ISIN: DE000A1X3X33) publishes its preliminary, not yet audited, year-end results for 2016. According to this WCM achieved an operating result (funds from operations, FFO I) of EUR 18.0 million, thus confirming its guidance and more than doubling the previous year's result. As a result WCM is optimistic for 2017 and expects another increase of funds from operations to EUR 23-24 million. In combination with this, WCM envisages, as already planned for 2016, to pay again a dividend of at least 50% of the FFO for the business year 2017. Rental income went up significantly, from EUR 10.4 million in 2016 to EUR 32.6 million in 2017. The annualized rental income account for EUR 47.5 million already. Included in this number is the transaction from November 2016 which is not closed yet and the latest finalized acquisition from February 2017. In 2016, WCM has built up a portfolio comprising 53 commercial real estate assets with a market value of EUR 662.1 million (as of 31 December 2016) after EUR 505.7 million per year end 2015. This was achieved despite the fact that four non-strategic assets were sold successfully and according to plan. A pre-tax profit of EUR almost EUR 1 million was achieved compared to book-value with a total selling price of EUR 25 million. The pro-forma gross asset value of the portfolio currently amounts to EUR 796 million, including the November 2016 transaction and the acquisition from February this year. With its portfolio WCM achieved a gross yield of 5.8 percent. The weighted average remaining lease time (WALT) of the total portfolio is 8.9 years with a low EPRA vacancy rate of 3.8 percent. Stavros Efremidis, CEO of WCM AG says: "2016 was a successful year for WCM. We have again shown a dynamic increase in FFO and portfolio volume. This was accomplished by meaningful acquisitions and the value accretive development of our existing assets through our inhouse active asset management. We also want to increase our FFO significantly this year and we want our shareholders to benefit from it in from of an attractive dividend. This is supported by a promising start into 2017. WCM Key IFRS Figures in MEUR 1.1. - 31.12.2016 1.1. - 31.12.2015 Rental income 32.6 10.4 Net operating income 29.8 9.5 FFO I 18.0 7.9 FFO I per share (in EUR) 0.14 0.10 Key Portfolio Figures as of 31.12.2015 Number of assets 53 Gross Asset Value EUR 662 million Lettable area 324,031 square metres Annualised rental income EUR 32.6 million EPRA vacancy rate 3.8 Percent Net Loan-to-value (LTV) 53.1 Percent Weighted Average remaining lease time (WALT) 8.9 Years Average cost of debt 2.0 Percent 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 680 Mio. 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. Contakt: Gunnar Janssen Investor Relations WCM Beteiligungs- und Grundbesitz-AG Bleichstr. 64-66 60313 Frankfurt am Main Telefon +49 69 963 7319 10 E-Mail [email protected] www.wcm.de --------------------------------------------------------------------------- 21.03.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: WCM Beteiligungsund Grundbesitz-AG Bleichstr. 64-66 60313 Frankfurt am Main Germany Phone: +49 (0)69 963 7319-10 Fax: +49 (0)69 963 7319-20 E-mail: [email protected] Internet: www.wcm.de ISIN: DE000A1X3X33 WKN: A1X3X33 Listed: Regulated Market in Frankfurt (Prime Standard), Hamburg, Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hanover, Munich, Tradegate Exchange End of News DGAP News Service --------------------------------------------------------------------------- 556051 21.03.2017