Berlin, 26 April 2021 – ACCENTRO Real Estate AG, Germany’s leading housing privatisation company, has published preliminary figures for its 2020 financial year. The consolidated earnings before interest and taxes (EBIT) amounted to EUR 34.8 million by the end of the 2020 financial year. In its forecast, the Management Board had assumed the EBIT would match the prior-year level (previous year: EUR 39.8 million). One main reason for the deviation from the forecast was the pandemic-driven delay to the transfer of benefits and burdens, which caused some of the earnings expected in the fourth quarter of 2020 to be pushed back into 2021. In addition, one-off expenses incurred during the year under review in the amount of EUR 6.0 million negatively impacted the EBIT, with Q4 2020 accounting for EUR 4.0 million thereof. When disregarding the one-off expenses, the EBIT during the 2020 financial year would amount to EUR 40.8 million, modestly exceeding the prior-year figure. The consolidated revenues of the 2020 financial year added up to EUR 125.2 million. In its forecast, the Management Board had anticipated revenues slightly higher than the prior-year figure (previous year: EUR 143.3 million). Here, too, the delayed transfer of benefits and burdens caused revenues originally scheduled for the fourth quarter of 2020 to be pushed back into 2021. Accordingly, the accumulated notarised sales awaiting their transfer of benefits and burdens continued to rise to EUR 36.9 million by 31 December 2020 (total as of 30 September 2020: EUR 29.5 million). Despite the severe marketing restrictions imposed by the pandemic, the sales figures of ACCENTRO followed an upward trend in 2020. With 420 units retailed in privatisation sales, the company almost matched the robust performance of the year before (previous year: 463 units). In fact, the notarised sales volume topped the prior-year figure at EUR 118.7 million (previous year: EUR 109.8 million). The same is true for the fourth quarter of 2020, as the sales total of 156 units (previous year: 117 units) and the notarised sales total of EUR 44.9 million (previous year: EUR 32.6 million) represented a year-on-year increase. Analyst assessments had, on average, assumed consolidated revenues in the amount of EUR 141.1 million and consolidated earnings before interest and taxes (EBIT) of EUR 35.9 million for the 2020 financial year. ACCENTRO intends to publish the final results for the financial year concluded and its 2020 annual report on 30 April 2021.

About ACCENTRO Real Estate AG

ACCENTRO Real Estate AG is a residential property investor and Germany’s market leader in housing privatisations. Its real estate portfolio consisted of around 5,200 units as of 31 December 2020. In addition to Berlin, regional focal points include East German cities and conurbations, as well as the Rhine-Ruhr metro region and Bavaria. The business activity of ACCENTRO comprises four core divisions. These are the tenant-sensitive retailing of condominiums to owner-occupiers and private buy-to-let investors, the sale of real estate portfolios to institutional investors, the set-up and management of a proprietary real estate portfolio, and third-party condominium marketing for property asset holders, investors and developers. The shares of ACCENTRO Real Estate AG are listed on the Prime Standard segment of the Frankfurt Stock Exchange (German securities code number WKN: A0KFKB, ISIN: DE000A0KFKB3). investors.accentro.de