HAMBORNER REIT AG, Goethestraße 45, 47166 Duisburg, 10 April 2025

Ad-hoc notification pursuant to Article 17 MAR

HAMBORNER REIT AG: Adjustment of dividend strategy

At today's Supervisory Board meeting, the Management Board and Supervisory Board of HAMBORNER REIT AG discussed the announced review of the future dividend policy.

Taking into account the revenue and earnings forecast for the 2025 financial year published in February 2025 and the increased cost estimates that are also expected in the medium term, the management and supervisory board members have agreed to reduce the payout ratio to between 60% and 70% of the operating result (Funds from Operations, FFO) generated in the respective financial year. Over the past ten years, the company has distributed an average of around 76% of the annual FFO.

Based on the midpoint of the most recently formulated forecast range for the operating result of €44.0 million to €46.0 million, the dividend for the 2025 financial year would accordingly amount to €0.33 to €0.39 per share.

The final amount of the dividend proposal will be determined by the Management Board and Supervisory Board after the business figures for the respective year are available and taking into account the underlying company and market situation, potential alternative investment opportunities at the respective distribution dates as well as the dividend yield and total return for shareholders. The company will continue to strive to offer attractive dividend distributions.

The previously announced dividend proposal for the past financial year 2024 remains unaffected by the adjusted strategy. At today's meeting, the Management Board and Supervisory Board approved the agenda for this year's Annual General Meeting on 26 June 2025, in which the distribution of a dividend at the previous year's level of €0.48 per share will be proposed.

HAMBORNER REIT AG

The Management Board

Contact:

Christoph Heitmann
Head of Investor Relations, Financing & Corporate Communications
info@ir.hamborner.de
+49 (0)203 5440532
 

DISCLAIMER

This notification has been issued by HAMBORNER REIT AG (hereinafter "HAMBORNER") solely for information purposes. This notification may contain statements, assumptions, opinions and predictions about the anticipated future development of HAMBORNER ("forward-looking statements") that reproduce various assumptions regarding, e.g., results derived from HAMBORNER's current business or from publicly available sources that have not been subject to an independent audit or in-depth evaluation by HAMBORNER and that may turn out to be incorrect at a later stage. All forward-looking statements express current expectations based on the current business plan and various other assumptions and therefore come with risks and uncertainties that are not insignificant. All forward-looking statements should therefore not be taken as a guarantee for future performance or results and, furthermore, do not necessarily constitute exact indicators that the forecast results will be achieved. All forward-looking statements relate solely to the day on which this notification was issued to its recipients. It is the responsibility of the recipients of this notification to conduct a more detailed analysis of the validity of forward-looking statements and the underlying assumptions. HAMBORNER accepts no responsibility for any direct or indirect damages or losses or subsequent damages or losses, as well as penalties that the recipients may incur by using the notification, its contents and, in particular, all forward-looking statements or in any other way, as far as this is legally permissible. HAMBORNER does not provide any guarantees or assurances (either explicitly or implicitly) in respect of the information contained in this notification. HAMBORNER is not obliged to update or correct the information, forward-looking statements or conclusions drawn in this notification or to include subsequent events or circumstances or to report inaccuracies that become known after the date of this notification.