In a still difficult market environment the company continued well to FFO guidance for 2009 to EUR 45-46 million claims significantly raised rental income remained stable at EUR 100.8 million good profitability with 11.5 million EUR profit DIC ONSITE to 100 percent now the main results acquired advance: the DIC asset AG (WKN 509840, ISIN DE0005098404) today its report on the results of the first nine months 2009 presents. In a still difficult market environment, the company has claims continue: the quarterly profit has grown strongly with 5.4 million EUR for the third time in a row (Q1/2009: 2.6 million EUR, Q2/2009: 3.5 million EUR). Played a significant role was he by the strong operational real estate management and stable rental income in the amount of EUR 100.8 million (9/2008: EUR 101.0 million). The FFO (funds from operations, which is composed of the result before depreciation and taxes, as well as the profits from sales and development projects) was six percent higher than the result to EUR 35.6 million Same period last year and has already in the third quarter of the year target achieved (forecast for end 2009: 34 – EUR 36 million). Per share of FFO for the third quarter of 2009 with 1.16 EUR compared to the previous year (EUR 1.07) also has grown.
The management of DIC asset AG has raised 2009 clearly therefore the FFO forecast at the end of the year to an amount of EUR 45 million to EUR 46 million. Net profit 2009 shows good profitability in the first nine months amounting to EUR 11.5 million in a difficult market. The difference to the very high prior-year results (9/2008: EUR 18.5 million) resulted mainly from one of the market’s development owed reduced sales activity. The details for the 9-month report: In the first nine months 2009 the DIC asset generated total income of EUR 127.6 million (9/2008: EUR 140.6 million).