EANS-Adhoc: Atrium European Real Estate Limited / Nine months 2019 trading update - ATTACHMENT

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06.11.2019

St Helier Jersey / Channel Islands -
Nine months 2019 trading update

Ad hoc announcement - Jersey, 7 November 2019, Atrium European Real Estate
Limited (VSE/Euronext: ATRS), (the "Company" and together with its subsidiaries,
the "Atrium Group" or the "Group"), a leading owner, operator and redeveloper of
shopping centres and retail real estate in Central Europe, provides an update on
trading for the nine months ended 30 September 2019.

KEY FINANCIAL FIGURES FOR THE PERIOD

9M 2019 9M 2018 CHANGE
EURm EURm
Net rental income 106.7 104.7 1.9%
excl. Russia
EPRA Like-for-Like
net rental income 45.0 44.3 1.6%
excl. Russia
Net rental income 133.4 135.0 (1.2%)
EPRA Like-for-Like 61.4 61.2 0.3%
net rental income
EBITDA(1) 116.8 118.3 (1.3%)
Company adj. EPRA
earnings per share 21.3 22.4 (4.7%)
(in EURcents)
Net LTV (in %) 33.5 31.3

Following the announcement on 25 October 2019 of the lapse of the court-
sanctioned scheme of arrangement announced on 23 July 2019, the Board is
reviewing the distributions policy of the Company and intends to make a further
announcement before the end of the year.

(1) For 2019 the transaction costs in relation with the recommended cash
acquisition by Gazit Globe Ltd. of EUR5m were adjusted

Further information can be found on the Company's website www.aere.com or for
Analysts:
Molly Katz: mkatz@aere.com

Press & Shareholders:
FTI Consulting Inc.: +44 (0)20 3727 1000
Richard Sunderland/Claire Turvey: scatrium@fticonsulting.com
[atrium@fticonsulting.com]

About Atrium European Real Estate
Atrium is a leading owner, operator and redeveloper of shopping centres and
retail real estate in Central Europe. Atrium specializes in locally dominant
food, fashion and entertainment shopping centres in the best urban locations.
Atrium owns 31 properties with a total gross leasable area of over 850,000 sqm
and with a total market value of approximately EUR2.7 billion. These properties
are located in Poland, the Czech Republic, Slovakia and Russia, and with the
exception of one, are all managed by Atrium's internal team of retail real
estate professionals.

The Company is established as a closed-end investment company incorporated and
domiciled in Jersey and regulated by the Jersey Financial Services Commission as
a certified Jersey listed fund, and is listed on both the Vienna Stock Exchange
and the Euronext Amsterdam Stock Exchange. Appropriate professional advice
should be sought in the case of any uncertainty as to the scope of the
regulatory requirements that apply by reason of the above regulation and
listings. All investments are subject to risk. Past performance is no guarantee
of future returns. The value of investments may fluctuate. Results achieved in
the past are no guarantee of future results.

Further inquiry note:
For further information:
FTI Consulting Inc.:
+44 (0)20 3727 1000
Richard Sunderland
Claire Turvey
Ellie Sweeney
atrium@fticonsulting.com

end of announcement euro adhoc
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Attachments with Announcement:
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http://resources.euroadhoc.com/documents/279/0/10375052/1/19_11_07_-_Atrium_9M_2019_Ad_Hoc_announcement_ENG_FINAL.pdf

issuer: Atrium European Real Estate Limited
Seaton Place 11-15
UK-JE4 0QH St Helier Jersey / Channel Islands
phone: +44 (0)20 7831 3113
FAX:
mail: richard.sunderland@fticonsulting.com
WWW: http://www.aere.com
ISIN: JE00B3DCF752
indexes:
stockmarkets: Luxembourg Stock Exchange, Wien
language: English

Original-Content von: Atrium European Real Estate Limited, übermittelt durch news aktuell