• Updated company presentation with overview of portfolio properties available today on homepage
• Market values of the portfolio properties as of 31 March 2019 to be published
• Net asset value ("NAV") of EUR 1.47 per share as of 31 March 2019

Frankfurt am Main, 22 May 2019. Today, InCity Immobilien AG ("InCity") will publish an updated company presentation with an overview of its ten portfolio properties as of 31 March 2019 ("cut-off date") on its homepage. The portfolio properties' market values as of cut-off date totalled to EUR 208.5 m according to an external third party. This results in an intrinsic value ("net asset value", "NAV") of EUR 1.47 per share as of cut-off date.
 

In the updated company presentation with an overview of the portfolio properties to be published today on the homepage of InCity Immobilien AG (), an external third party, BNP Paribas Real Estate Consult GmbH ("BNPP REC"), has estimated the market value of the ten portfolio properties at EUR 208.5 m as of the cut-off date.
 

Taking into account the market valuation of the properties and other balance sheet items of the unaudited balance sheet of the InCity Group as of the cut-off date, a net asset value (NAV) of EUR 1.47 per share is derived. This NAV per share calculated is above the last calculated and disclosed NAV per share as of 31 March 2018 of EUR 1.40 per share and significantly, i.e. more than 25%, above current share price of EUR 1.15 (yesterday's XETRA closing price).
 

Note: The results determined and published here by BNPP REC are to be considered explicitly on a non-reliance basis. It should be noted that BNPP REC does not assume any obligation or liability whatsoever vis-à-vis potential third parties.
 

Contacts for enquiries:

InCity Immobilien AG                                        
Beethovenstrasse 71                               
60325 Frankfurt am Main, Germany        
                                            

Press                                      
Thomas Luber 
Tel.: +49 (0)69 7191889 66  
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Investor relations
Helge H. Hehl, CFA
Tel.: +49 (0)69 7191889 55

 

About InCity Immobilien AG
As a multi-disciplinary real estate company, InCity Immobilien AG (referred to in the following as InCity AG) is dedicated to creating and increasing the value of real estate and operates in the fields of asset management and project development. For its property portfolio, InCity AG focuses on the real estate markets of the two major cities Berlin and Frankfurt am Main and pursues a sustainable investment strategy. The decisive factors here are location, property quality and long-term value stability. Accordingly, the portfolio consists of high quality core properties with value stability in Berlin as well as properties in locations in Frankfurt that are attractive in the long term which range in value between EUR 5 m and EUR 50 m. In addition, InCity AG assumes comprehensive and individually developed asset management contracts for third parties that are adjusted to meet the needs of the respective property or portfolio. Visit the website for further information about the company: