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EQS-News: Instone Real Estate Group SE / Key word(s): AGM/EGM
Instone Real Estate Group SE: Annual General Meeting approves dividend payout of EUR 0.33 per share; first project
acquisitions in two years
2024-06-05 / 15:07 CET/CEST
The issuer is solely responsible for the content of this announcement.
Instone Real Estate Group SE: Annual General Meeting approves dividend payout of EUR 0.33 per share; first project
acquisitions in two years
. All resolutions proposed by the Management Board and Supervisory Board adopted by a large majority

. Two land plots acquired in Düsseldorf and Frankfurt
. Focus on providing affordable and needs-based housing
. Pioneering role in the specialist field of ESG
Essen, 5 June 2024: Instone Real Estate Group SE ('Instone Group') resolved to pay a dividend of EUR 0.33 per share at
its Annual General Meeting in Essen today. The Annual General Meeting also approved all other resolutions proposed by
the Management Borad and Supervisory Board by an overwhelming majority. Moreover, the company announced its first
property acquisitions in two years, further underscoring its strength in what remains a challenging market environment.
The two sites in Frankfurt and Düsseldorf will be developed to build a total of around 570 residential units.
CEO Kruno Crepulja emphasised the financial strength of the Instone Group at the Annual General Meeting. All financial
targets had been achieved. "Despite the difficult market conditions, we have shown strength and held our ground well in
very stormy waters," said Crepulja. "Thanks to our continued very good profitability, we achieved a gross profit margin
of 25.1 per cent. That is an excellent figure." Thanks to the high cash flows of the past two years, the balance sheet
could be strengthened even further. The loan-to-cost ratio, the ratio of net debt to contract assets plus balance sheet
inventories, was 15.1 per cent at the end of 2023. "Not many of our competitors are in such a favourable position," he
added.
Two land purchases successfully concluded
The Instone Group remains very optimistic with regard to 2024. With sales revenues of EUR 88 million in the first
quarter of 2024, the company already recorded an increase of more than 50 per cent compared to the prior-year quarter.
Around 40 per cent of the apartments were sold to institutional investors. The company also announced the purchase of
two land plots: A plot totalling 3,664 m² on Lahnstrasse in Frankfurt-Gallus was acquired, which will enable the
development of 170 residential units with a sales volume of around EUR 70 million. The second site of around 16,000 m²
is located in the eastern part of Düsseldorf. Here, 400 apartments with a target value of around EUR 180 million are to
be built, around 40 per cent of which will be publicly subsidised.
Crepulja: "We are currently observing a slight increase in demand. At the same time, the current market situation is
providing us with attractive opportunities for property acquisitions. Thanks to our financial strength, we can become
active at any time and capitalise on attractive opportunities. Growth is once again at the top of the agenda. This
year, for example, we are planning to acquire properties with a target sales value of EUR400 million following
development."
Affordable and sustainable housing
The demand for housing will continue to increase in the coming years due to net immigration and declining construction
activity. The Instone Group aims to contribute to ensuring that housing remains affordable for the majority of people
despite rising interest rates and construction costs. To this end, its subsidiary nyoo combines standardised and
digitalised planning with serial construction methods, enabling construction to be more cost-effective than that of its
competitors. This model will also be used to develop an entire building plot on the site acquired in Düsseldorf. The
Instone Group's explicit goal is to construct at least 50 percent of residential units as either publicly subsidised or
price-controlled by 2030.
High priority placed on environmental protection and social requirements
"We are well aware of our social and ecological responsibility," says Crepulja. "We can already confirm that 90 per
cent of project sales are taxonomy-compliant. 152 of the 167 relevant projects have achieved taxonomy conformity. We
are on course to becoming an ESG pioneer among residential project developers - and we are already well on the way to
achieving this - and this is something that is already happening around two years before we are actually required to
report."
All three aspects of the ESG criteria (environmental, social and corporate governance) have equally high priority for
the Instone Group. In order to harmonise economic growth with environmental protection and social requirements, five
working groups were formed within the company in October 2022. These groups are tasked with developing recommendations
for action and proposing measures on a variety of issues. Specifically, these are the topics of sustainable
construction with a focus on sustainable building materials and resource-optimised planning, hybrid timber
construction, neighbourhood infrastructure, neighbourhood impact and ESG Inside.
In terms of neighbourhood issues, there is a particular focus on energy, mobility and water management as well as the
requirements for vibrant living spaces that meet the needs of those people living and working there. Diversity, fair
pay, general employee satisfaction and overall good working conditions are among the topics covered by the ESG Inside
group. Crepulja: "The commitment of our colleagues is extraordinary. Over 30 employees are involved in the processes
and work together intensively across departments to develop practicable solutions to the demands placed on us and to
incorporate the knowledge gained directly into their daily work. We can be justifiably proud of this."
Shareholders approved all of the resolutions proposed by the management and the proposed changes to the Supervisory
Board by a large majority. The voting results of the Annual General Meeting on 5 June 2024 are available on the
company's website.
About Instone Real Estate Group SE (Instone Group)
The Instone Group is one of the leading residential developers in Germany and is listed on the Prime Standard of the
German stock market. Since 1991, we have been developing future-proof and sustainable urban residential quarters with
apartments for sale or rent throughout Germany - to provide a long-lasting good life in the country's metropolitan
areas. Our diverse expertise, combined with efficient processes and a solid financial basis, creates real added value
for our stakeholders in environmental, social and economic terms. This means we are taking responsibility for one of
the most pressing social issues of our time - creating needs-based and attractive living space. The company employs
421 employees at nine locations across Germany. As at 31 March 2024, the project portfolio included 45 development
projects with an anticipated overall sales volume of approximately EUR 6.9 billion and over 14,000 residential units.
www.instone-group.de/en

Investor Relations
Burkhard Sawazki
Grugaplatz 2-4, 45131 Essen
Tel.: +49 (0)201 45355-137
E-Mail: burkhard.sawazki@instone.de
Presse
Franziska Jenkel
Chausseestr. 111, 10115 Berlin
Tel. +49 (0)30/6109102-36
E-Mail: presse@instone.de

2024-06-05 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

Archive at www.eqs-news.com  
Language:     English 
Company:      Instone Real Estate Group SE 

Grugaplatz 2-4
45131 Essen
Germany

Phone:        +49 201 453 550 
E-mail:       Investorrelations@instone.de 
Internet:     www.instone.de 
ISIN:         DE000A2NBX80 
WKN:          A2NBX8 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 

Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1918861

End of News EQS News Service
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1918861 2024-06-05 CET/CEST

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END) Dow Jones Newswires

June 05, 2024 09:07 ET (13:07 GMT)