May 15, 2017 / 6:09 AM / 6 months ago

BRIEF-Adler Real Estate Q1 FFO I up at EUR 7.9 mln

May 15 (Reuters) - ADLER REAL ESTATE AG:

* Q1 FFO I REACHED EUR 7.9 MILLION, UP 38.6 PERCENT COMPARED TO Q1 2016

* Q1 NET RENTAL INCOME ROSE TO EUR 43.9 MILLION, UP 4.5 PERCENT COMPARED TO Q1 2016

* Q1 LTV REDUCED BY 3.6 PERCENTAGE POINTS TO 57.7 PERCENT

* RENTAL INCOME IN Q1 2017 REACHED EUR 43.9 MILLION AND WAS THUS 4.5 HIGHER THAN IN COMPARABLE QUARTER ONE YEAR EARLIER (Q1 2016 EUR 42.0 MILLION)

* EARNINGS BEFORE INTEREST AND TAXES (EBIT) CAME TO 32.5 MILLION IN Q1 OF 2017 AND WERE THUS ON LEVEL OF COMPARABLE PREVIOUS YEAR‘S PERIOD (Q1 2016: EUR 33.0 MILLION) Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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