DIC Asset AG / Quarter Results11.11.2009 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted byDGAP - a company of EquityStory AG.The issuer is solely responsible for the content of this announcement.---------------------------------------------------------------------------* Forecast for 2009 funds from operations (FFO) increased significantly, toEUR 45-46 million* Rental income stable, at EUR 100.8 million * EUR 11.5 million consolidated net income shows good profitability* DIC ONSITE taken over completelyKey results at a glance: DIC Asset AG (German Securities ID 509840 / ISIN DE0005098404) todaypresented its interim report for the first nine months of the 2009financial year. With a quarterly profit of EUR 5.4 million (Q1 2009: EUR2.6 million; Q2 2009: EUR 3.5 million), the Company posted the thirdsignificant increase in quarterly profits in a row, in what continued to bea difficult market environment. Key drivers were the strong performance inreal estate operations, and stable rental income of EUR 100.8 million (9m2008: EUR 101.0 million).FFO (funds from operations, comprising earnings before interest and taxes,plus profits from disposals and development projects) was up by six percent year-on-year, to EUR 35.6 million - in fact matching the full yeartarget (forecasted at EUR 34-36 million) after the first three quarters.FFO per share of EUR 1.16 for the first three quarters of 2009 also showeda year-on-year increase (9m 2008: EUR 1.07). Accordingly, DIC Asset AG'ssenior management significantly raised its FFO forecast for the full year2009 to a range of EUR 45 million to EUR 46 million.Consolidated net income of EUR 11.5 million for the first three quarters of2009 demonstrates sound profitability in a difficult market environment.The shortfall compared to the very high figure of EUR 18.5 million for thefirst nine months of 2008 was due predominantly to lower disposals,reflecting market developments.Detailed review of nine-month performance:DIC Asset AG's total revenues for the first nine months of 2009 amounted toEUR 127.6 million (9m 2008: EUR 140.6 million). The decline was largelyattributable to the lower volume of sales: at EUR 10.2 million, this fellshort of the previous year's figure by approx. EUR 12.6 million. Stablerental income of EUR 100.8 million provided the cornerstone of revenues:beating the market trend, the Company rented out 178,300 square metresduring the first nine months of 2009, up 13 per cent year-on-year. Theletting performance for the first three quarters represents an annualisedrental income of EUR 17.3 million (9m 2008: EUR 16.7 million).DIC Asset's expanding asset and property management activities also led toa budgeted increase in operating costs: administrative expenses for theperiod ended 30 September 2009 rose to EUR 6.9 million (up EUR 1.2million), whilst staff expenses increased by EUR 1.8 million, to EUR 6.7million.DIC Asset AG's total assets were retained unchanged at EUR 2.2 billion asat 30 September 2009. Long-term assets remained stable, at EUR 2.1 billion.Long-term fixed interest rate agreements or hedges are in place for 87 percent of financial debt of EUR 1.6 billion, with 53 per cent having amaturity of over five years. Only approx. 4 per cent of overall financialdebt will fall due within the next 12 months. DIC Asset AG reduced interestexpenses by approx. EUR 5.8 million (based on comparable financing volumes)during the first nine months of 2009, thanks to the optimisation ofportfolio finance.Cash flow from continuing operations (after interest and taxes paid) roseby EUR 4.2 million year-on-year, to EUR 28.8 million, up 17 per cent.Although operating profit before depreciation and amortisation (EBDA)showed a year-on-year decline to EUR 34.2 million (9m 2008: EUR 39.5million), the quarterly figure of EUR 13.1 million marked the thirdstraight increase during the current year (Q1 2009: EUR 9.9 million; Q22009: EUR 11.2 million), in line with all other operating performanceindicators. This is equivalent to earnings per share of EUR 1.11 (9m 2008:EUR 1.26). Consolidated net income per share amounted to EUR 0.37 (9m 2008:EUR 0.59).At the end of October 2009, DIC Asset AG increased its shareholding in DICONSITE GmbH to 100 per cent, by taking over the remaining 25.1 per centstake it did not already own from Mannheim-based Fay Group. DIC Asset AGhad acquired a 74.9 stake of Fay Group's asset, property and facilitymanagement operations in August 2006. Following the acquisition, thisbusiness - which is profitable, and of key importance for the internalmanagement of DIC's real estate portfolio - has now been fully integratedinto the DIC Group. For DIC Asset AG, this will also yield a sustainableincrease in income generated from this activity.Investor Relations & Corporate Communications:Immo von HomeyerEschersheimer Landstraße 22360320 Frankfurt am MainFon +49-69-274033-86Fax +49-69-274033-69ir@dic-asset.de11.11.2009 Financial News distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de--------------------------------------------------------------------------- Language: EnglishCompany: DIC Asset AG Eschersheimer Landstr. 223 60320 Frankfurt DeutschlandPhone: +49 69 9454858-0Fax: +49 69 9454858-99E-mail: info@dic-asset.deInternet: www.dic-asset.deISIN: DE0005098404WKN: 509840Indices: S-DAXListed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, München, Hannover, Düsseldorf, Stuttgart, Hamburg End of News DGAP News-Service ---------------------------------------------------------------------------