Instone Real Estate Group SE: Annual General Meeting approves dividend
payout of EUR 0.33 per share; first project acquisitions in two years

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

05.06.2024 / 15:07 CET/CEST
The issuer is solely responsible for the content of this announcement.

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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


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   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 05.06.2024 CET/CEST