S IMMO AG expects results from property valuation of about EUR 130m as of 30 June 2021

Ad hoc notification

The management board of S IMMO AG expects, based on independent external appraisals, positive results from property valuation in the amount of about EUR 130m as of 30 June 2021 (HY 2020: EUR 10.2m) and thus a result approximately in line with the reference figure of 2019, the year preceding the COVID-19 pandemic (HY 2019: EUR 134.1m). The value increase is mainly attributable to properties in Germany and reflects the continuing attractive market environment. The book value of the real estate portfolio will amount to about EUR 2.7bn as of 30 June 2021.

Half-year results will be published on 27 August 2021.