Deutsche EuroShop: Record year 2014 - Presentation of the Annual Report

Hamburg, 29 April 2015 - Shopping center investor Deutsche EuroShop AG, Hamburg, released the final audited results for the financial year 2014 today. Prepared under the motto "Feel Estate" and published in newspaper format, the annual report is now available for download at www.deutsche-euroshop.com/ir

Key figures for Deutsche EuroShop (IFRS)

in EUR millions	2014	2013	+/-
Revenue	200.8	188.0	+7%
EBIT	177.5	165.8	+7%
Net finance costs	-39.8	-34.1	-17%
Measurement gains/losses	77.0	56.0	+38%
EBT	214.7	187.6	+14%
Consolidated profit	177.4	171.0	+4%
FFO per share in EUR	2.23	2.08	+7%
Earnings per share in EUR*	3.29	3.17	+4%
Equity**	1,751.2	1,642.4	+7%
Liabilities	1,741.0	1,752.5	-1%
Total assets	3,492.2	3,394.9	+3%
Equity ratio (%)**	50.1	48.4
LTV ratio (%)	40	43
Gearing (%)**	99	107
Cash and cash equivalents	58.3	40.8	+43%
Net asset value (EPRA)	1,789.4	1,650.4	+8%
Net asset value per share in EUR (EPRA)	33.17	30.59	+8%
Number of shares at year-end	53,945,536	53,945,536
Weighted average number of shares	53,945,536	53,945,536
Dividend per share in EUR	1.30***	1.25	+4%

* undiluted
** incl. third-party interests in equity
*** proposal to the AGM

Dividend increase

Based on these results, a proposal will be submitted to the Annual General Meeting in Hamburg on 18 June 2015 for the distribution of a dividend in the amount of EUR1.30, which represents an increase of EUR0.05 or 4% over the previous year. An amount of EUR0.65 per share of the dividend will be subject to the deduction of capital gains tax.

Financial report publication dates in 2015

Deutsche EuroShop will publish its financial reports for the current financial year after the close of trading on the following dates:

• Interim report Q1: 12 May 2015
• Half-year financial report: 13 August 2015
• Nine-month report: 12 November 2015

The Annual General Meeting will be held in Hamburg on 18 June 2015.

Deutsche EuroShop - The shopping center company

Deutsche EuroShop is the only public company in Germany to invest solely in shopping centers in prime locations. The MDAX-listed company currently has investments in 19 shopping centers in Germany, Austria, Poland and Hungary. The portfolio includes the Main-Taunus-Zentrum near Frankfurt, the Altmarkt-Galerie in Dresden and the Galeria Baltycka in Gdansk, among many others.