Increase in guidance for NAV per share due to an expected increase in the valuation of the portfolio as of December 31, 2021


HAMBORNER REIT AG / Keyword (s): Modification of forecasts
HAMBORNER REIT AG: Increase in guidance for NAV per share due to expected increase in portfolio valuation as of December 31, 2021

17-Dec-2021 / 18:59 CET / CEST
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Ad hoc notification in accordance with Article 17 MAR

HAMBORNER REIT AG: Increase in guidance for NAV per share due to expected increase in portfolio valuation as of December 31, 2021

HAMBORNER REIT AG, Goethestraße 45, 47166 Duisburg, December 17, 2021

The planned year-end valuation of HAMBORNER REIT AG’s real estate portfolio as of December 31, 2021 is currently being carried out by external expert Jones Lang LaSalle. Based on a first indicative valuation project, the market value of the real estate portfolio (at constant scope) should increase by 4.5% to 5.0% compared to the previous year based on current knowledge . The currently expected increase in the value of the real estate portfolio is mainly due to a positive development in the value of local real estate.

The result of the analysis of the initial indicative valuation project leads to an increase in the annual guidance relating to NAV per share (recently “slight increase in NAV per share compared to the end of 2020”). The company now assumes that the NAV per share at December 31, 2021 will be between 12.00 and 12.10 euros. This would correspond to an increase in NAV per share compared to the end of 2020 (11.05 EUR) of around 9%.

The real estate appraisal by the external expert is still in progress and the final annual results for the 2021 financial year, which will also influence the NAV per share, are not yet available. The final change in NAV per share for 2021 may therefore deviate from the above forecast.

HAMBORNER REIT SA

Board of directors

Contact:
Christoph heitmann
Head of Investor and Public Relations
[email protected]
+49 (0) 203 5440532

17-Dec-2021 CET / CEST DGAP’s distribution services include regulatory announcements, financial / corporate news and press releases.
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