CA Immobilien Anlagen AG

euro adhoc: quarterly or semiannual financial statement
CA Immo ANLAGEN AG: result for first quarter of 2008 . Positive operational trend: rental income up 43%, EBITDA up 40% . Reduction of consolidated net income after minorities to EUR ...

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quaterly report

30.05.2008

Operational business developed positively during the first quarter of 2008: Rental income increased by 43%, from EUR30.1 million to EUR43.1 million, of which Vivico accounted for around 23%. The EBITDA rose by 40%, from EUR28.2 million to EUR39.5 million. However, as a result of broadly stable real estate yields, the contribution of revaluation to the result fell from EUR16.2 million to EUR1.9 million, leading to a reduction in operating result (EBIT) by 8%, from EUR43.9 million to EUR40.3 million. The increased financing volume following the acquisition of Vivico was also responsible for significantly higher financing costs of -EUR29.7 million (compared to -EUR13.3 million in the first quarter of 2007), as a result of which the consolidated net income after minorities decreased to EUR3.2 million (compared to EUR19.7 million). As a result of the first time inclusion of Vivico´s EUR1.3 billion portfolio, the property assets of the CA Immo Group expanded by 52% to EUR3.8 billion. The NNNAV per share increased from EUR22.51 as of 31 December 2007 to EUR23.04 at the end of the first quarter 2008, equivalent to a rise of 2.4%. The increase was mainly due to the initial consolidation of Vivico. CA Immo aims to pay its first dividend for the year 2008, amounting to approximately 2% of average net asset value of the previous year.

Key financial figures

@@start.t2@@|in EUR mill.                                              | Q1 2008 | Q1 2007 |Chg. %  |
|Rental income                                            |43.1        |30.1        |+43%      |
|Net operating income                                 |39.3        |26.9        |+46%      |
|Profit from the sale of properties          |7.2         |5.3         |+36%      |
|EBITDA                                                        |39.5        |28.2        |+40%      |
|Change from revaluation                            |1.9         |16.2        |-88%      |
|EBIT                                                          |40.3        |43.9        |-8%        |
|Financial result                                        |(29.4)    |(8.1)      |n.m.      |
|EBT                                                            |10.9        |35.8        |-70%      |
|Consolidated net income                            |8.9         |30.5        |-70%      |
|of which attributable to the parent         |3.2         |19.7        |-84%      |
|company                                                      |              |              |            |
|Earnings per share (in EUR)                      |0.04        |0.34        |-88%      |
|Funds from Operations (FFO)(in EUR mn)    |9.4         |13.3        |-29%      |
|                                                                 |31-3-08  |31-12-07 |Chg. %  |
|Property portfolio (EUR mn)                      |3,846.5  |2,535.3  |+52%      |
|NAV per share (in EUR)                              |21.94      |22.04      |-0.5%    |
|NNNAV per share (in EUR)                          |23.04      |22.51      |+2.4%    |@@end@@

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ots Originaltext: CA Immobilien Anlagen AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Please address queries to:

CA Immobilien Anlagen AG
Bruno Ettenauer
Wolfhard Fromwald
Claudia Hainz
Tel.: 01/532 59 07
Fax: 01/532 59 07-510
E-Mail: office@caimmoag.com
www.caimmoag.com

Branche: Real Estate
ISIN:      AT0000641352
WKN:        064135
Index:    Immobilien-ATX
Börsen:  Wiener Börse AG / Regulated free trade



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