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CA Immo International AG

EANS-Adhoc: CA Immo International AG
Interim report as of 30 September 2009: Stable operative development

@@start.t1@@--------------------------------------------------------------------------------   ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide   distribution. The issuer is solely responsible for the content of this   announcement. --------------------------------------------------------------------------------@@end@@

9-month report

25.11.2009

• Operative performance of third quarter in line with previous quarters

@@start.t2@@• Significant reduction of revaluation losses in Q3
      • Increase of operating cash flow by 9 %
      • 20.000 m² new leases and 36.000 m² renewals with existing tenants@@end@@

Vienna, November 25 2009. The operative results of the third quarter are largely in line with the preceding quarters. The rental income of the CA Immo International Group increased by 1.2 % compared to the first nine months of the previous year and reached EUR 30.0 m. The implementation of cost cutting measures lead to a significant reduction of indirect expenditures, which decreased by 28.8 % to EUR -7.5 m. There were no sales of properties in the first nine months of 2009, while in the previous year property sales had contributed EUR 7.0 m to the result. Consequently EBITDA decreased (1-9/2009: EUR 20.1 m vs. EUR 26.0 m in 1- 9/2008). The revaluation result amounted to EUR -127.0 m. Of these non-cash changes in valuation EUR -24.1 m relate to Q3, showing a clear reduction of the revaluation losses compared to the previous quarters. In addition to the financing costs of EUR -13.3 m, the financial result was also negatively impacted by non-cash negative effects from valuation changes of interest rate hedges and impairments of affiliated companies and therefore amounted EUR -19.7 m for the first nine months of 2009 (2008: EUR -2.8 m). Net income after minorities was EUR -106.6 m (2008: EUR 7.7 m). The operating cash flow, however, showed a significantly positive development and reached EUR 19.3 m, an increase of 9.0 % compared to the first nine months of 2008. The equity ratio of CA Immo International at the balance sheet date reached 49.1 %. Net debt as of 30 September 2009 was EUR 240.8 m compared to a real estate portfolio of EUR 688.7 m. Net asset value (NAV) per share as of 30 September 2009 was EUR 9.73 (Dec 31 2008: EUR 12.20). During the last months the business activity was mainly focused on lettings. In the first nine months of 2009 new leases for 20.000 m² as well as renewals and extensions of existing tenants of 36.000 m² were confirmed.

The financial report for the first nine months 2009 of CA Immo International AG is available on www.caimmointernational.com

Key financial figures

@@start.t3@@|                                                                 |                  |                 |              |
|in EUR million                                              |1-9/2009      |1-9/2008    |change    |
|Rental income                                            |30.0            |29.7          |1.2%        |
|Net operating income                                 |26.2            |28.1          |-6.6%      |
|Result from the sale of investment          |0.0              |7.0            |n.a.        |
|properties                                                 |                  |                 |              |
|Indirect expenditure                                 |-7.5            |-10.5         |-28.8%    |
|EBITDA                                                        |20.1            |26.0          |-22.7%    |
|Revaluation result                                    |-127.0         |-6.7          |n.a.        |
|EBIT                                                          |-107.0         |17.8          |n.a.        |
|Financing costs                                         |-13.3          |-11.3         |18.5%      |
|Other financial result                              |-6.4            |8.5            |n.a.        |
|Net income before taxes (EBT)                  |-126.7         |15.0          |n.a.        |
|Consolidated net income                            |-115.0         |5.6            |n.a.        |
|Consolidated net income, parent company  |-106.6         |7.7            |n.a.        |
|Result per share (in EUR)                            |-2.45          |0.18          |n.a.        |
|Operating cash flow                                  |19.3            |17.7          |9.0%        |
|                                                                 |                  |                 |              |
|                                                                 |30 Sept 2009|31 Dec 2008|              |
|Property assets                                         |688.7          |751.7         |-8.4%      |
|Total assets                                              |906.7          |996.2         |-9.0%      |
|Lt. financial liabilities                         |343.5          |287.2         |19.6%      |
|St. financial liabilities                         |22.7            |28.4          |-20.1%    |
|Cash and cash equivalents                         |125.3          |148.8         |-15.8%    |
|Equity                                                        |445.1          |558.5         |-20.3%    |
|Equity ratio                                              |49.1%          |56.1%         |-7.0 pp  |
|NAV per share (in EUR)                                 |9.73            |12.20         |-20.2%    |
|NNNAV per share (in EUR)                              |10.02          |12.65         |-20.8%    |@@end@@

@@start.t4@@end of announcement                                                 euro adhoc
--------------------------------------------------------------------------------@@end@@

ots Originaltext: CA Immo International AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
CA Immo International AG
Florian Nowotny (Investor Relations)
Claudia Hainz (Investor Relations)
Tel.: +43 (0)1 532 59 07
Fax: +43 (0)1 532 59 07-595
e-mail: ir@caimmointernational.com
www.caimmointernational.com


Mag. Claudia Hainz
Tel.: 01/532 59 07-502
eMail: hainz@caimmointernational.com

Mag. Florian Nowotny
Tel.: 01/532 59 07-518
eMail:nowotny@caimmointernational.com

Branche: Real Estate
ISIN:      ATCAIMMOINT5
WKN:        A0LBUV
Index:    WBI, ATX Prime
Börsen:  Wien / official market



Weitere Meldungen: CA Immo International AG

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