Successful financing of recent acquisitions

• alstria strengthens proven track record of access to debt financing in a difficult environment
• Gross cash inflow of EUR 56 million increases financing flexibility
• 7-year term of the new loan improves maturity profile of alstria’s liabilites

Hamburg, December 19, 2011 – alstria office REIT-AG (symbol: AOX, ISIN: DE000A0LD2U1), the leading German office REIT, announces the financing of its recent acquisitions.

Targeted financial structure successfully implemented

Taking advantage of its strong market position, alstria invested approximately EUR 172 million in value-enhancing acquisitions of German offices over the past 12 months. The investments were mainly financed using the available cash raised through the recent capital increase. As part of its deleveraging strategy it was alstria’s target to lever the new acquisitions at around 40% LTV. This new loan allows the company to achieve this target, while providing a gross EUR 56 million of cash inflow, which will improve the company’s financial flexibility.

Attractive terms and improvement of maturity profile

The bullet loan provided by Berlin Hyp und Landesbank Berlin has a term of 7 years, thus improving alstria’s average maturity of liabilities from 3.6 to 3.8 years. The new interest rate exposure is fully hedged with a 3% interest rate cap.

"Our ability to finance a value-add portfolio at a time of severe restrictions in property lending is not only a testimony to the strength of our balance sheet, but also to the trust of the lenders in alstria’s asset-management capability," said Olivier Elamine, CEO of alstria. "This new inflow of EUR 56 million will increase our financing flexibility and allow us to rapidly respond to opportunities that might rise in the market”, added alstria’s CFO Alexander Dexne.

Portfolio data as of Jan 1, 2012

About alstria:

alstria office REIT-AG is an internally managed Real Estate Investment Trust (REIT) focused solely on acquiring, owning and managing office real estate in Germany. alstria was founded in January 2006 and was converted into the first German REIT in October 2007. Its headquarters are in Hamburg. The Company owns a diversified portfolio of properties across attractive German office real estate markets. Its current portfolio comprises 79 properties with an aggregate lettable space of approx. 861,000 sqm and is valued at approximately EUR 1.5 bn. The alstria office REIT-AG strategy is based on active asset and portfolio management as well as on establishing and maintaining good relationships with key customers and decision makers. alstria focuses on long-term real estate value creation.

For further information, please contact:
Ralf Dibbern, IR/PR
Phone: +49 (0) 40 / 226 341-329
Email: rdibbern@alstria.de

More information on:

www.alstria.com

www.alstria.blogspot.com

www.twitter.com/alstria_REIT

Disclaimer:

This release constitutes neither an offer to sell nor a solicitation of an offer to buy any shares. As far as this press release contains forward-looking statements with respect to the business, financial condition and results of operations of alstria office REIT-AG (alstria), these statements are based on current expectations or beliefs of alstria's management. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or performance of the Company to differ materially from those reflected in such forward-looking statements. Apart from other factors not mentioned here, differences could occur as a result of changes in the overall economic situation and the competitive environment – especially in the core business segments and markets of alstria. Also, the development of the financial markets and changes in national as well as international provisions particularly in the field of tax legislation and financial reporting standards could have an effect. Terrorist attacks and their consequences could increase the likelihood and the extent of differences. alstria undertakes no obligation to publicly release any revisions or updates to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Deleveraging and acquisitions drive FFO growth

First nine months 2011

-        Revenues at EUR 66.6 million (-1.1%) and funds from operations at EUR 25.6 million (+18.7%)

-        EPRA-NAV per share at EUR 11.24

-        Acquired assets transferred to alstria’s balance sheet

Hamburg, November 7, 2011 – alstria office REIT-AG (symbol: AOX, ISIN: DE000A0LD2U1), the leading German office REIT, releases its financial results for the first nine months of 2011.

Revenues of EUR 66.6 million (-1.1%) and FFO of EUR 25.6 million (+18.7%) in line with guidance

 In the first nine months of 2011 alstria’s revenues decreased slightly by 1.1% year-on-year to EUR 66.6 million. Despite declining revenues, funds from operations improved strongly by 18.7% to EUR 25.6 million in the first nine months of 2011, reflecting the improved capital structure of the Company and the recent acquisitions closed in the course of 2011. The improvement of the FFO is also true on a per share basis, where the FFO increased by 1 cent/share from EUR 0.35/share to EUR 0.36/share. This increase of FFO/share is testimony to the ability of alstria to raise capital and invest it in an accretive manner for the benefit of all its shareholders. alstria’s net result for the first nine months of 2011 amounted to EUR 27.6 million and compares with a loss of EUR -11.5 million in the prior year period.

 Strong balance sheet – Equity up by 10.9%

As of September 30, 2011, alstria’s investment property totalled EUR 1.5 billion and increased by 14.0% compared to year-end of 2010. This reflects the inclusion of ten assets, acquired in the course of 2010/2011. As of September 30, 2011, alstria’s equity amounted to EUR 767.6 million (+10.9%). The increase of EUR 75.2 million compared to the end of 2010 is mainly resulting from the capital increase in March 2011, but also reflects the dividend payment to shareholders of EUR 31.5 million in June 2011 and the positive operating cashflow in the first nine months of 2011. alstria’s G-REIT equity ratio amounted to 48.7% as per end of September 2011, the company’s net LTV at the reporting date was 51.7%.

New leases of 28,000 sqm

In the first nine months of the year the Company has signed new lease agreements[1] of 28,000 sqm, or around 47% of the vacancy of the portfolio at the beginning of the year, representing the strongest leasing result in alstria’s history. The total physical vacancy rate in the portfolio as of September 30, 2011 stood at 8.5% or 73,500 sqm. The increase compared to June 30, 2011 reflects the consolidation of the acquired assets in Düsseldorf and Frankfurt. The EPRA vacancy rate (excluding vacancy related to development projects) increased for the same reason to 6.4% or 55,300 sqm as of September 30, 2011.

 “For the first nine months of 2011 alstria reports a very strong development in all its KPI’s”, said Olivier Elamine, CEO of alstria. “With our early refinancing in 2010, the rapid execution of two capital increases and the accretive investment of the proceeds the company is in an excellent position to sail through the stormy weather that will come up in the next months, and is ideally positioned to seize opportunities”.

Outlook

alstria confirms its forecast for the 2011 financial year: annual revenues of EUR 89 million and EUR 34 million in FFO.

 Key financials at a glance

Invitation to the conference call on November 7, 2011

The alstria management board, CEO Olivier Elamine and CFO Alexander Dexne, will present the results of the first nine months 2011 during a conference call on November 7, 2011 at 10.00 am (CET) – conference call for analysts and journalists.

Please use the following dial-in numbers:
Germany:     + 49 (0) 6103 485 3002
UK:              + 44 – 207 – 153 2027

 Please note that you can watch the presentation of Olivier Elamine and Alexander Dexne live as a webcast on our website www.alstria.com. As soon as the conference call begins, the presentation and the 9M report will be also available to download.

About alstria:

alstria office REIT-AG is an internally managed Real Estate Investment Trust (REIT) focused solely on acquiring, owning and managing office real estate in Germany. alstria was founded in January 2006 and was converted into the first German REIT in October 2007. Its headquarters are in Hamburg. The Company owns a diversified portfolio of properties across attractive German office real estate markets. Its current portfolio comprises 80 properties with an aggregate lettable space of approx. 864,000 sqm and is valued at approximately EUR 1.5 bn. The alstria office REIT-AG strategy is based on active asset and portfolio management as well as on establishing and maintaining good relationships with key customers and decision makers. alstria focuses on long-term real estate value creation.

For further information, please contact:
Ralf Dibbern, IR/PR
Phone: +49 (0) 40 / 226 341-329
Email: rdibbern@alstria.de

More information on:

www.alstria.de
www.alstria.blogspot.com
www.twitter.com/alstria_REIT

Disclaimer:
This release constitutes neither an offer to sell nor a solicitation of an offer to buy any shares. As far as this press release contains forward-looking statements with respect to the business, financial condition and results of operations of alstria office REIT-AG (alstria), these statements are based on current expectations or beliefs of alstria's management. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or performance of the Company to differ materially from those reflected in such forward-looking statements. Apart from other factors not mentioned here, differences could occur as a result of changes in the overall economic situation and the competitive environment – especially in the core business segments and markets of alstria. Also, the development of the financial markets and changes in national as well as international provisions particularly in the field of tax legislation and financial reporting standards could have an effect. Terrorist attacks and their consequences could increase the likelihood and the extent of differences. alstria undertakes no obligation to publicly release any revisions or updates to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

---

¹ Only includes new leases signed and disregards any lease renewals

² 9M 2011 based on 71.7 million shares and 9M 2010 based on 61.6 million shares

Marianne Voigt joins alstria’s supervisory board

·        Appointment of Mrs. Marianne Voigt is the first step in order to strengthen the independency of alstria’s supervisory board

Hamburg, November 04, 2011 – alstria office REIT-AG (symbol: AOX, ISIN: DE000A0LD2U1), the leading German office REIT focused solely on acquiring, owning and managing office real estate in Germany, is pleased to announce the appointment of Mrs. Marianne Voigt to its supervisory board.

The appointment of Mrs Voigt is alstria’s first step in order to adjust the composition of its supervisory board to the new shareholder structure and reflect the increased free float of the shareholder structure.

 Mrs. Voigt is a founder and managing director of bettermarks GmbH, an innovative online maths tutor. Prior to that she was for nine years the CFO/COO of Immobilienscout 24, an internet portal and the leading real estate market in Germany. Mrs. Voigt studied management at the WHU Koblenz.

“We are very pleased that Mrs Voigt is joining alstria’s supervisory board. She is bringing with her significant experience in the field of hands on management of young and growing companies, which ideally complement our current Supervisory Board members”, said Alexander Stuhlmann, Chairman of alstria’s supervisory board.

 About alstria:

alstria office REIT-AG is an internally managed Real Estate Investment Trust (REIT) focused solely on acquiring, owning and managing office real estate in Germany. alstria was founded in January 2006 and was converted into the first German REIT in October 2007. Its headquarters are in Hamburg. The Company owns a diversified portfolio of properties across attractive German office real estate markets. Its current portfolio comprises 80 properties with an aggregate lettable space of approx. 864,000 sqm and is valued at approximately EUR 1.5 bn. alstria office REIT-AG’s strategy is based on active asset and portfolio management as well as on establishing and maintaining good relationships with key customers and decision makers. alstria focuses on long-term real estate value creation.

 For further information, please contact:

Ralf Dibbern, IR/PR

Phone: +49 (0) 40 / 226 341-329
Email: rdibbern@alstria.de

www.alstria.de

www.alstria.blogspot,com
www.twitter.com/alstria_REIT

Disclaimer:
This release constitutes neither an offer to sell nor a solicitation of an offer to buy any shares. As far as this press release contains forward-looking statements with respect to the business, financial condition and results of operations of alstria office REIT-AG (alstria), these statements are based on current expectations or beliefs of alstria's management. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or performance of the Company to differ materially from those reflected in such forward-looking statements. Apart from other factors not mentioned here, differences could occur as a result of changes in the overall economic situation and the competitive environment – especially in the core business segments and markets of alstria. Also, the development of the financial markets and changes in national as well as international provisions particularly in the field of tax legislation and financial reporting standards could have an effect. Terrorist attacks and their consequences could increase the likelihood and the extent of differences. alstria undertakes no obligation to publicly release any revisions or updates to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Sale of the prime Alte Post development

Oststeinbeck, October 31, 2011 – alstria VII. Hamburgische Grundbesitz GmbH & Co. KG, a 50/50 joint venture between alstria office REIT-AG, Stenham Property Ltd and Quantum Immobilien AG agreed on the sale of its property “Alte Post” for a total consideration of more than EUR 110 m. The property is leased to prime tenants including Abercrombie & Fitch, Tommy Hilfiger, Adidas and the international law firm Graf von Westphalen the rental income for the 9,200 sqm building is EUR 5.3 million per annum.

The Alte Post building is one of the best-known buildings in the Hanseatic City of Hamburg. It is located at the corner of Poststrasse and Grosse Bleichen (Poststrasse 11), and was built between 1845 and 1847 on the basis of plans by the artist and architect Alexis de Chateauneuf. While restoring the historical façade, the inner structure of the building was completely rebuild over the past two years and converted into high-end office and retail space.

The closing of the transaction is subject to customary condition precedents for this kind of transaction, and is expected to close in the second quarter of 2012.

In 2008 Quantum Immobilien AG, Stenham Property Ltd and alstria office REIT-AG entered into a joint venture for the refurbishment of the Alte Post building in Hamburg.  

About alstria VII Hamburgische Grundbesitz GmbH & Co. KG

alstria VII. Hamburgische Grundbesitz GmbH & Co. KG is a joint venture between alstria office REIT-AG on the one hand, and Quantum Immobilien AG and Stenham on the other hand, based in Oststeinbeck. The company’s only asset is the Alte Post building in Hamburg which was acquired in 2006.  

About Quantum Immobilien AG

Hamburg-based Quantum Immobilien AG was founded by Frank Gerhard Schmidt and Philipp Schmitz-Morkramer in 1999. It is an independent real estate group combining wide-ranging expertise in the areas of project development, institutional investment products and the management of real estate investments. The group’s activities focus on metropolitan areas in Germany.

In its fund operations Quantum Immobilien AG offers investors various special real estate funds via its capital investment company as well as alternative investment products that do not fall under the German Investment Act (Investmentgesetz). From the end of 2005 until today assets under management have increased to around 1.7 billion Euros. The Project Development division covers the realization of the group’s own real estate projects and joint ventures within the framework of entrepreneurial investments. To date development projects with floor space in excess of 800,000 sqm and total investment costs of around 1.9 billion Euro have been implemented.

About alstria

alstria office REIT-AG is the leading German Real Estate Investment Trust (REIT) focused solely on acquiring, owning and managing office real estate in Germany. alstria was founded in January 2006 and was converted into the first German REIT in October 2007. Its headquarters are in Hamburg. alstria office REIT-AG owns a diversified portfolio of properties across attractive German office real estate markets. Its current portfolio comprises 80 properties with an aggregate lettable space of approx. 864,000 sqm. The alstria office REIT-AG strategy is based on active asset and portfolio management as well as on establishing and maintaining good relationships with key customers and decision makers. alstria focuses on long-term real estate value creation.

For further information, please see:

www.alstria.com

alstria.blogspot.com
www.twitter.com/alstria_REIT

Contact Quantum Immobilien AG:

Judith Elmendorf
Phone: +49 - 40 41 43 30-512
Email: je@quantum.ag

Contact alstria office REIT-AG:

Ralf Dibbern
IR/PR
Phone: +49 - 40 - 226 341-329
Email: ir@alstria.de

Disclaimer:

This release constitutes neither an offer to sell nor a solicitation of an offer to buy any securities. The securities have already been sold. As far as this press release contains forward-looking statements with respect to the business, financial condition and results of operations of alstria office REIT-AG (alstria), these statements are based on current expectations or beliefs of alstria's management. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or performance of the Company to differ materially from those reflected in such forward-looking statements. Apart from other factors not mentioned here, differences could occur as a result of changes in the overall economic situation and the competitive environment – especially in the core business segments and markets of alstria. Also, the development of the financial markets and changes in national as well as international provisions particularly in the field of tax legislation and financial reporting standards could have an effect. Terrorist attacks and their consequences could increase the likelihood and the extent of differences. alstria undertakes no obligation to publicly release any revisions or updates to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

alstria increases guidance on FFO to EUR 34 m

·        Rapid investment of proceeds from capital increase supports accretive growth
·        Closing of VastNed transaction as of August 24, 2011
·        Guidance on FFO/share 2011 is EUR 0.47 (up from EUR 0.45 in 2010)

Hamburg, August 24, 2011 – alstria office REIT-AG (symbol: AOX, ISIN: DE000A0LD2U1), the leading German office REIT focused solely on acquiring, owning and managing office real estate in Germany, increases its financial guidance for the fiscal year 2011.

Following the acquisition of the VastNed portfolio alstria increases its financial guidance for the fiscal year 2011. As the transaction will be closed as of September 1, 2011 rental income for the full year is expected to be EUR 89 m (previous guidance: EUR 87 m) and the FFO will be EUR 34 m (previous guidance: EUR 32 m). Compared to fiscal year 2010 revenues therefore are expected to be stable, whilst the FFO is expected to grow by approximately 25%. Considering the new numbers of shares, FFO per share will increase by 2 cents per share, or around 6%. This development is a result of accretive acquisitions closed in the past months and the simultaneous deleveraging process of the company.

“The rapid investment of the proceeds from the recent capital increase immediately translates into higher revenues and FFO”, said Olivier Elamine, CEO of alstria office REIT-AG. “The increase is not only true on absolute numbers, but also translates into a higher FFO/share, testifying for the ability of the company to deliver on its promises to invest the funds raised in the capital increase in an earnings-accretive way”.

About alstria:

alstria office REIT-AG is an internally managed Real Estate Investment Trust (REIT) focused solely on acquiring, owning and managing office real estate in Germany. alstria was founded in January 2006 and was converted into the first German REIT in October 2007. Its headquarters are in Hamburg. The company owns a diversified portfolio of properties across attractive German office real estate markets. Its current portfolio comprises 79 properties with an aggregate lettable space of approx. 857,000 sqm and is valued at approximately EUR 1.5 bn. alstria office REIT-AG’s strategy is based on active asset and portfolio management as well as on establishing and maintaining good relationships with key customers and decision makers. alstria focuses on long-term real estate value creation.

For further information, please contact:

Ralf Dibbern, IR/PR

Phone: +49 (0) 40 / 226 341-329

Email: rdibbern@alstria.de

http://www.alstria.de/

www.alstria.blogspot,com

www.twitter.com/alstria_REIT

Disclaimer: This release constitutes neither an offer to sell nor a solicitation of an offer to buy any shares. As far as this press release contains forward-looking statements with respect to the business, financial condition and results of operations of alstria office REIT-AG (alstria), these statements are based on current expectations or beliefs of alstria's management. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or performance of the Company to differ materially from those reflected in such forward-looking statements. Apart from other factors not mentioned here, differences could occur as a result of changes in the overall economic situation and the competitive environment – especially in the core business segments and markets of alstria. Also, the development of the financial markets and changes in national as well as international provisions particularly in the field of tax legislation and financial reporting standards could have an effect. Terrorist attacks and their consequences could increase the likelihood and the extent of differences. alstria undertakes no obligation to publicly release any revisions or updates to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

alstria leases around 3,500 sqm in Dusseldorf

• Successful letting of property in Dusseldorf-Benrath

Hamburg, August 15, 2011 – alstria office REIT-AG (symbol: AOX, ISIN: DE000A0LD2U1), the leading German office REIT focused solely on acquiring, owning and managing office real estate in Germany, is announcing that it has agreed a long-term lease on its property in Dusseldorf-Benrath.

The new tenant, a service provider in the health care sector, signed a 10-year lease contract for around 3,500 sqm of office and ancillary space in the 5,000 sqm building. The start of the lease is planned for the third quarter of 2011, immediately after the building will be vacated by the current tenant.

“We are seeing a very dynamic leasing market, and this new success, underlines alstria’s ability to take advantage of the current market condition”, said Olivier Elamine, CEO of alstria. “This is the second time this year where alstria was able to secure a new tenant prior to the expiry of the previous lease, adding up to our strong asset management track record”.

The lease transaction was brokered exclusively by ANTEON Immobilien GmbH & Co.KG.

About alstria:

alstria office REIT-AG is an internally managed Real Estate Investment Trust (REIT) focused solely on acquiring, owning and managing office real estate in Germany. alstria was founded in January 2006 and was converted into the first German REIT in October 2007. Its headquarters are in Hamburg. The company owns a diversified portfolio of properties across attractive German office real estate markets. Its current portfolio comprises 74 properties with an aggregate lettable space of approx. 814,000 sqm and is valued at approximately EUR 1.4 bn. alstria office REIT-AG’s strategy is based on active asset and portfolio management as well as on establishing and maintaining good relationships with key customers and decision makers. alstria focuses on long-term real estate value creation.

For further information, please contact:

Ralf Dibbern, IR/PR

Phone: +49 (0) 40 / 226 341-329

Email: rdibbern@alstria.de

http://www.alstria.de/

www.alstria.blogspot,com

www.twitter.com/alstria_REIT

Disclaimer: This release constitutes neither an offer to sell nor a solicitation of an offer to buy any shares. As far as this press release contains forward-looking statements with respect to the business, financial condition and results of operations of alstria office REIT-AG (alstria), these statements are based on current expectations or beliefs of alstria's management. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or performance of the Company to differ materially from those reflected in such forward-looking statements. Apart from other factors not mentioned here, differences could occur as a result of changes in the overall economic situation and the competitive environment – especially in the core business segments and markets of alstria. Also, the development of the financial markets and changes in national as well as international provisions particularly in the field of tax legislation and financial reporting standards could have an effect. Terrorist attacks and their consequences could increase the likelihood and the extent of differences. alstria undertakes no obligation to publicly release any revisions or updates to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

FFO continues to grow

• Revenues at EUR 43.7 million and Funds from operations at EUR 16.6 million
• EPRA-NAV per share at EUR 11.10
• Strong underlying operating performance

 

Hamburg, August 8, 2011 – alstria office REIT-AG (symbol: AOX, ISIN: DE000A0LD2U1), an internally managed Real Estate Investment Trust (REIT) focused solely on acquiring, owning and managing office real estate in Germany, releases its financial result for the first six months of 2011.

Revenues of EUR 43.7 million and FFO of EUR 16.6 million in line with guidance

 

In the first six months of 2011 alstria’s revenues decreased by 3.3% year-on-year to EUR 43.7 million, mainly as a result of the disposal of real estate assets in 2010. Despite declining revenues Funds from operations improved by 5.5% to EUR 16.6 million in the first six months of 2011, reflecting the improved capital structure of the Company and the recent acquisitions closed in spring 2011. alstria’s net result for the first six months of 2011 amounted to EUR 18.8 million and was up by 62.1% compared to the first half of 2010. While the net result is mainly driven by successful underlying operations, it also benefited from positive non-cash valuation gains of interest derivatives amounting to EUR 2.4 million.

 

Strong balance sheet

 

As of June 30, 2011, alstria’s investment property totalled EUR 1.4 billion and grew by 5.7% compared to year-end of 2010. The increase reflects the inclusion of the asset in Karlsruhe and three assets in Hamburg, acquired in November 2010 and January/February 2011 respectively. The recently acquired assets in Dusseldorf, Frankfurt and Stuttgart are expected to be consolidated towards the end of the third/beginning of the fourth quarter 2011. As of June 30, 2011, alstria’s equity amounted to EUR 778.9 million. The decrease of EUR 29.8 million compared to the end of Q1 2011 is mainly resulting from the dividend of EUR 31.5 million that was paid out to shareholders on June 9, 2011. alstria’s G-REIT equity ratio amounted to 53.2% as per end of June 2011, the company’s net LTV at the reporting date was 47.3%.

Successful leasing activities

In the first six months of the year the Company has signed new leases(1) of 15,000 sqm, or around 25% of the vacancy of the portfolio at the beginning of the year. The highlight in this respect was the early lease-up of the asset in the “Mertonviertel” in Frankfurt. The total physical vacancy rate in the portfolio as of June 30, 2011 stood at 7.7% or 62,500 sqm. The EPRA vacancy rate (excluding intended vacancy related to development projects) amounted to 5.1% or 38,200 sqm as of June 30, 2011 and was unchanged compared to December 31, 2010.

 

“The first half of 2011 has seen a very strong asset management result for a year which is on track to bring us the strongest leasing result in the history of the Company”, said Olivier Elamine, CEO of alstria. “In parallel, we have been able to source and acquire attractive properties in the German real estate office markets, as prices have come to a level where we see value potential again”.

 

 

Outlook

 

alstria confirms its forecast for the 2011 financial year, which disregards the recent acquisitions: annual revenues of EUR 87 million and EUR 32 million in FFO. The Company will update its revenue and FFO forecast once it has a better visibility on the closing date of the VastNed transaction.

Key financials at a glance

 

 

1 Only includes new leases signed and disregards any lease renewals

 

2 H1 based on 71.7 million shares and H1 2010 based on 56.0 million shares

 

3 Figures as per June 30, 2011 based on 71.7 million shares, as per December 31, 2010 based on 61.6 million shares

 

 

Invitation to the conference call on August 8, 2011

 

The alstria management board, CEO Olivier Elamine and Alexander Dexne, will present the H1 results during a conference call at 10.00 am (CET) – conference call for analysts and journalists.

 

 

 

Please use the following dial-in numbers:

 

Germany: + 49 (0) 6103 485 3001

 

UK: + 44 – 207 – 153 2027

 

Please note that you can watch the presentation of Olivier Elamine and Alexander Dexne live as a webcast on our website www.alstria.com. As soon as the conference call begins, the presentation and the H1 report will be also available to download.

 

About alstria:

 

alstria office REIT-AG is an internally managed Real Estate Investment Trust (REIT) focused solely on acquiring, owning and managing office real estate in Germany. alstria was founded in January 2006 and was converted into the first German REIT in October 2007. Its headquarters are in Hamburg. The Company owns a diversified portfolio of properties across attractive German office real estate markets. Its current portfolio comprises 74 properties with an aggregate lettable space of approx. 814,000 sqm and is valued at approximately EUR 1.4 bn. The alstria office REIT-AG strategy is based on active asset and portfolio management as well as on establishing and maintaining good relationships with key customers and decision makers. alstria focuses on long-term real estate value creation.

 

For further information, please contact:

 

Ralf Dibbern, IR/PR

Phone: +49 (0) 40 / 226 341-329

Email: rdibbern@alstria.de

 

More information on:
http://www.alstria.de/
http://www.alstria.blogspot.com/
www.twitter.com/alstria_REIT

 

Disclaimer:

 

This release constitutes neither an offer to sell nor a solicitation of an offer to buy any shares. As far as this press release contains forward-looking statements with respect to the business, financial condition and results of operations of alstria office REIT-AG (alstria), these statements are based on current expectations or beliefs of alstria's management. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or performance of the Company to differ materially from those reflected in such forward-looking statements. Apart from other factors not mentioned here, differences could occur as a result of changes in the overall economic situation and the competitive environment – especially in the core business segments and markets of alstria. Also, the development of the financial markets and changes in national as well as international provisions particularly in the field of tax legislation and financial reporting standards could have an effect. Terrorist attacks and their consequences could increase the likelihood and the extent of differences. alstria undertakes no obligation to publicly release any revisions or updates to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

 

alstria acquires an office building in Stuttgart

• Total investment volume of EUR 15.9 m
• Annual rent of EUR 1.3 m and average lease term of 4.8 years

Hamburg, July 20, 2011 - alstria office REIT-AG (symbol: AOX, ISIN: DE000A0LD2U1), the leading German office REIT, focused solely on acquiring, owning and managing office real estate in Germany, is announcing that it has agreed on the acquisition of an office building in Stuttgart.

The property is acquired for an all-in cost of EUR 15.9 m (EUR 1,903 per sqm). The property, which is mainly rented to the local authorities, generates an annual rental income of EUR 1.3 m and has an average lease term of 4.8 years. This acquisition is reflecting an initial yield on cost of 8.2%.

'Following the announcement of the acquisition of the VastNed portfolio, this acquisition testifies once more our ability to source attractive opportunities in the German office market', said Olivier Elamine, CEO of alstria.

The closing of the transaction is expected to happen in the course of the third Quarter of 2011.

The transaction was brokered by Colliers Bräutigam & Krämer GmbH & Co. KG, and alstria was advised by trûon Rechtsanwälte LLP.

About alstria:

alstria office REIT-AG is an internally managed Real Estate Investment Trust (REIT) focused solely on acquiring, owning and managing office real estate in Germany. alstria was founded in January 2006 and was converted into the first German REIT in October 2007. Its headquarters are in Hamburg.

The company owns a diversified portfolio of properties across attractive German office real estate markets. Its current portfolio comprises 79 properties with an aggregate lettable space of approx. 856,000 sqm and is valued at approximately EUR 1.5 bn. alstria office REIT-AG's strategy is based on active asset and portfolio management as well as on establishing and maintaining good relationships with key customers and decision makers. alstria focuses on long-term real estate value creation.

For further information, please contact:

Ralf Dibbern, IR/PR

Phone: +49 (0) 40 / 226 341-329

Email: rdibbern@alstria.de

www.alstria.com

www.alstria.blogspot.com

www.twitter.com/alstria_REIT

Disclaimer:

This release constitutes neither an offer to sell nor a solicitation of an offer to buy any shares. As far as this press release contains forward-looking statements with respect to the business, financial condition and results of operations of alstria office REIT-AG (alstria), these statements are based on current expectations or beliefs of alstria's management. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or performance of the Company to differ materially from those reflected in such forward-looking statements. Apart from other factors not mentioned here, differences could occur as a result of changes in the overall economic situation and the competitive environment - especially in the core business segments and markets of alstria. Also, the development of the financial markets and changes in national as well as international provisions particularly in the field of tax legislation and financial reporting standards could have an effect. Terrorist attacks and their consequences could increase the likelihood and the extent of differences. alstria undertakes no obligation to publicly release any revisions or updates to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

End of Corporate News

---------------------------------------------------------------------

20.07.2011 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG.

The issuer is solely responsible for the content of this announcement.

DGAP's Distribution Services include Regulatory Announcements,

Financial/Corporate News and Press Releases.

Media archive at www.dgap-medientreff.de and www.dgap.de

---------------------------------------------------------------------

Language: English

Company: alstria office REIT-AG

Bäckerbreitergang 75

20355 Hamburg

Germany

Phone: 040-226 341 300

Fax: 040-226 341 310

E-mail: info@alstria.de

Internet: http://www.alstria.de

ISIN: DE000A0LD2U1

WKN: A0LD2U

Listed: Regulierter Markt in Frankfurt (Prime Standard);

Freiverkehr in Berlin, Hamburg, München, Stuttgart

End of News DGAP News-Service

---------------------------------------------------------------------

132567 20.07.2011