November 16, 2015 / 7:39 AM / 2 years ago

BRIEF-Adler Real Estate Q3 EBIT up at EUR 30 mln

Nov 16 (Reuters) - Adler Real Estate AG :

* Significantly increases revenue in the first nine months of 2015

* 9-month gross rental income rises by 179 per cent to 152.1 million euros ($163 million)

* 9-month EBITDA adjusted for non-recurring effects improve by 296 per cent to 70.9 million euros

* 9-month funds from operations I grew by 266 per cent to 9.9 million euros

* In Q3 EBIT increased to 30 million euros(same period in 2014: 8 million euros)

* Gross rental income for FY 2015 is anticipated to be higher than expected totalling 210 million euros

* Confirms its target for reducing weighted average cost of debt ("WACD") and improving financial structure Source text for Eikon: Further company coverage: ($1 = 0.9312 euros) (Gdynia Newsroom)

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