DGAP-News: CR Capital with positive quarterly result - further portfolio growth intented


CR Capital Real Estate AG / Product Launch

19.10.2009 

Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.

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Today, 19 October 2009, CR Capital Real Estate AG publishes preliminary
interim results as at 30 September 2009.

With EUR 0.4 million, rental revenues doubled compared to 30 June 2009 (EUR
0.2 million).

CR Capital Real Estate AG was able to enlarge the property portfolio to a
rental space of 6,000 sqm (as at 30 September 2009).

All P&L expense positions developed according to the business plan, this in
compare to the Group P&L as at 30 June 2009.

CEO Thomas Ehrich: 'CR Capital's way ist he right one. We acquired a fully
letted commercial property in October 20009. Looking to year-end 2009, I
expect further transactions, positively influencing annual results.


Group key figures (IFRS):

P&L (EUR million) for the period 1 January to 30 September 2009

Sales: 0.4
Other operational income: 0.5
EBIT/EBITDA: 0.2
Profit after tax: 0.2


Balance sheet (EUR million)as at 30 September 2009

Short-term assets: 16.9
Long-term assets: 1.8
Liabilities: 1.8
Equity: 17.0
Total assets: 18.7


The interim report as at 30 September 2009 will be published on 17 November
2009.


About CR Capital Real Estate AG

CR Capital Real Estate AG is a Berlin based property company and owns the
pre-REIT status. Major target is the REIT status with an investment focus
on residential properties.

Strategy is maximization of the residential quota (today 45%) and long-term
property management. In case of market opportunities and under yield
aspects, also investments in commercial properties at locations with strong
growth potentials (for example airport area Schönefeld/Waltersdorf) will be
done.


Contact:
bonnIR
Hubert Bonn
Phone: +49 (0)6157 9861190
bonn@bonn-ir.com
http://www.bonn-ir.com




19.10.2009  |[![CDATA[|[a href="http://www.dgap.de"|]Financial News transmitted by DGAP|[/a|]]]|]

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