VIB Vermögen AG: VIB Vermögen AG publishes final 2011 results

Revenue of EUR 52.4 million, EBIT of EUR 38.5 million, EBT of EUR 19.0 million

Neuburg/Danube (pta006/18.04.2012/07:40 UTC+2) Neuburg/Danube, April 18, 2012 - VIB Vermögen AG, a specialist commercial real estate portfolio management company, has reported its final 2011 results. The final results are identical to the preliminary figures, and show IFRS revenue up from EUR 51.8 million in 2010 to EUR 52.4 million. EBIT and EBT rose even more rapidly to EUR 38.5 million (2010: EUR 35.4 million) and EUR 19.0 million (2010: EUR 12.8 million) respectively. Total assets reported significant growth to EUR 686.8 million due to the cash inflow from the capital increase realised in the 2011 fiscal year (previous year: EUR 657.2 million). The equity ratio stands at 35.1 %, and the loan-to-value ratio declined from 64.2 % to 57.6 %.

Funds from operations (FFO), an important key performance indicator for the VIB Group of operating cash inflows from its real estate business, amounted to EUR 0.95 per share in the financial year elapsed (previous year: EUR 0.97). Net asset value (NAV) of EUR 12.22 per share (previous year: EUR 12.36) reflects the high extent to which the real estate portfolio has retained its value. The slight decline in both figures compared with the previous year's reporting date reflects a slight dilution effect due to the successfully completed capital increase in June 2011.

The company would like its shareholders to likewise participate in the overall very gratifying business trends, and is proposing that the AGM to be held on July 4, 2012, should approve an attractive dividend of EUR 0.35 per share, which is equivalent to a 16.7 % increase compared with the previous year's dividend (EUR 0.30 per share). This corresponds to a dividend yield of 4.6 % on the current share price level. The VIB Vermögen AG share consequently represents a profitable investment in the current market environment.

Ludwig Schlosser, CEO of VIB Vermögen AG, emphasises the positive aspects of last year's high level of investment activity: "We have fully invested the proceeds from the capital increase. The new investments that we have realised will result in marked revenue and pre-tax earnings growth (approx. EUR 56.5 to 57.5 million and approx. EUR 21.5 to 22.5 million respectively) this year. We also identify scope for further targeted investments in 2012." The VIB Vermögen AG Managing Board member responsible for the real estate area, Peter Schropp, also highlights the real estate portfolio's quality: "A vacancy rate of just 1.4 % reflects the highly attractive nature of our real estate portfolio, and is the consequence of the very extensive experience that VIB Vermögen AG brings to bear on the regional real estate market."

The 2011 annual report of VIB Vermögen AG, including the complete consolidated financial statements, can be downloaded as from today from the company's website at www.vib-ag.de.

Contact

Investor Relations:

VIB Vermögen AG
Petra Riechert Tel: + 49 (0)8431 504-952
Luitpoldstr. C70 Fax: + 49 (0)8431 504-973
86633 Neuburg/Donau E-mail: petra.riechert@vib-ag.de

cometis AG
Ulrich Wiehle / Patrick Ortner Tel: +49 (0)611 205855-16
Unter den Eichen 7 Fax: +49 (0)611 205855-66
65195 Wiesbaden E-mail: ortner@cometis.de

Profile of VIB Vermögen AG (including BBI Immobilien AG)

VIB Vermögen AG (WKN 245751/ISIN DE0002457512) is a medium-sized real estate holding company whose investments focus on commercial properties in Southern Germany. Formed as a partnership in 1993, VIB Vermögen AG was transformed to become a German public limited company (Aktiengesellschaft) in 2000. Since then, the company has been developing its core competencies in the acquisition and management of its own properties, and of participating interests in companies with real estate portfolios.
VIB Vermögen AG pursues a develop-or-buy-and-hold strategy. It develops properties for its own portfolio, and acquires existing real estate. The VIB Group's real estate portfolio includes logistics properties, industrial plants, shopping centres and retail parks, and commercial and service centres.

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Emitter:	VIB Vermögen AG Luitpoldstraße C 70 86633 Neuburg/Donau Germany
Contact Person:	Petra Riechert
Phone:	08431/504964
E-Mail:	petra.riechert@vib-ag.de
Website:	www.vib-ag.de
ISIN(s):	DE0002457512 (Share)
Stock Exchange(s):	Free Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Munich (m:access), Stuttgart