DGAP-News: VIB Vermögen honoured with the 'Most Improved Annual Report' and a prize in the Gold category at the EPRA Awards

Corporate news

VIB Vermögen honoured with the "Most Improved Annual Report" and a prize in the Gold category at the EPRA Awards

Neuburg/Danube, September 19, 2018 - VIB Vermögen was one of the companies that showed the greatest improvement in the implementation of the so called 'EPRA Best Practice Recommendations' in its financial reporting at this year's EPRA Awards and additionally won the much-coveted prize in the Gold category.

Every year, the financial experts at the European Public Real Estate Association (EPRA) analyse the quality of the financial reports of Europe's major listed property companies. This year, the Association assessed 155 companies in conjunction with audit firm Deloitte. The basis for analysing the reports is their compliance with EPRA guidelines on quality and comparability of reporting, known as the "Best Practice Recommendations". The considerable importance of these criteria is reflected in the increasing number of companies who report in accordance with them.

"We are delighted by the recognition shown by the EPRA and by the Gold Award. VIB Vermögen has always attached great importance to transparent, high-quality reporting. The positive assessment issued by these independent experts serves to strengthen our commitment to this goal," says Holger Pilgenröther, Chief Financial Officer of VIB Vermögen AG, commenting on this year's Award.

Contact

Investor Relations:

VIB Vermögen AG
Petra Riechert Tel.: +49 (0)8431 9077 952
Tilly-Park 1 Fax: +49 (0)8431 9077 929
86633 Neuburg/Danube Email: petra.riechert@vib-ag.de

Profile of VIB Vermögen AG (including BBI Immobilien AG)

VIB Vermögen AG is a medium-sized company specialising in commercial real estate management that has been operating successfully than 25 years. The company focuses on properties from the logistics/light industry and retail sectors in the economically strong southern German region. VIB's shares have been listed on the Munich (m:access) and Frankfurt (Open Market) stock exchanges since 2005.

VIB's business model is based on a "develop-or-buy-and-hold" strategy. Firstly, VIB acquires properties that are already rented. Secondly, it completely develops new properties in order to transfer them to its own portfolio on a long-term basis and generate rental income from them. VIB also holds investments in companies with real estate assets.