Press Release

Warburg Increases Target Price for ACCENTRO Shares to EUR 14.75 – “BUY” Recommendation Confirmed

12.

January 2021

Berlin, 12 January 2021 – Warburg Research has increased its target price for shares of ACCENTRO Real Estate AG (ISIN DE000A0KFKB3) to EUR 14.75 and confirmed its “Buy” recommendation. Warburg’s analysts also raised their revenue and earnings forecasts for 2021 and 2022, citing ACCENTRO’s growth as a result of the acquisition of DIM Holding AG (“Deutsche Immobilien Management”). According to Warburg, the acquisition of one of Germany’s leading real estate managers represents another major milestone in ACCENTRO’s business development and allows the company to expand its business activities to complement its successful regional diversification, which has included the recent addition of 2,800 units to its real estate portfolio in Leipzig, Halle and Gera. The analysts at Warburg also highlighted ACCENTRO’s evolution into a residential investor and portfolio holder in addition to its current core business of privatisation. The diversification of the business model, the analysts observed, reduces ACCENTRO’s dependence on property sales and increases the visibility of the revenue stream, further stabilising the top line.

The Warburg Research update can be accessed in the Investor Relations section of the ACCENTRO website: www.accentro.ag.

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

Contact for investor relations

Thomas Eisenlohr

ACCENTRO Real Estate AG

Kantstraße 44/45

10625 Berlin

E-Mail

Telefon

eisenlohr@accentro.de

+49 (0)30 - 88 71 81 272

Press And Public Relations Contact

Karl-Philipp Jann

PB3C GmbH

Rankestrasse 17

10789 Berlin

E-Mail

Telefon

jann@pb3c.com

+49 (0)30 - 72 62 76 1612

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