TRASTOR REAL ESTATE INVESTMENT COMPANY

Financial Results for the nine month period of 2015

The Groups rental revenue amounted to EUR 3.1 million compared to EUR 3.2 million in the corresponding nine-month period of 2014. The operating expenses amounted to EUR 1.5 million versus EUR 1.3 million of the corresponding period in 2014.


The Groups property portfolio value at 30.09.2014 was EUR 71.3 million, based on the valuation of  30.06.2015, compared to EUR 74.8 million as of 31.12.2014, resulting  to a negative fair value adjustment of EUR 3.7 million versus an adjustment of EUR 1.4 million for the nine month period of 2014.

The Group for the nine-month period of 2015 indicated losses that amounted to EUR 1.94 million after tax  compared to profits of EUR 0.3 million for the corresponding period last year.

The cash and cash equivalents of the Group as of 30.09.2015 amounted to EUR 2.4 million, and the loan obligations to EUR 5.2 million.

TRASTORs share price on 30.09.2015 traded at EUR 1.40 with a premium of 7.86% in relation to its Book Value.

Part of the Companys strategy is to take advantage of investment opportunities that will improve its operating results and dividend yield. 
In addition, where feasible, the company will aim to sell non-strategic properties in order to reinvest in more profitable assets.