d5496fc4-2504-4785-bf9a-93b7b84c55a2.pdf



18 January 2016


Earnings Upgrade

APN is pleased to announce that it has upgraded its full year Operating Earnings Guidance by approximately 56% to between 3.20 and 3.50 cents per share, following the determination of market based performance fees for the 6 month period ended 31 December 2015. Further information, including a detailed review of year to date performance, will be included in APN's interim financial report scheduled to be released late February 2016.


Operating Earnings is used by Management as the key performance measure of APN's underlying performance. It excludes certain items recorded in the income statement including discontinued operations and fair value movements on the Group's co-investments. Forecast income from new funds is only included in Operating Earnings Guidance following the successful completion of that fund's equity raising.


ENDS


For further information, please contact:


Tim Slattery Executive Director

T +613 8656 1000

M +61 400 444 864

E tim.slattery@apngroup.com.au

Michael Groth

Chief Financial Officer T +613 8656 1000

M +61 409 936 104

E mgroth@apngroup.com.au


About APN Property Group

APN Property Group Limited (ASX code: APD) is a specialist real estate investment manager. Since 1996, APN has been actively investing in, developing and managing real estate and real estate securities on behalf of institutional and retail investors. APN's focus is on delivering superior investment performance and outstanding service. Performance is underpinned by a highly disciplined investment approach and a deep understanding of commercial real estate.

www.apngroup.com.au


APN Property Group Limited

ABN 30 109 846 068 ASX Code: APD

Level 30, 101 Collins Street

Melbourne, Victoria 3000 Australia

T +61 (0) 3 8656 1000 F +61 (0) 3 8656 1010

W www.apngroup.com.au

E apnpg@apngroup.com.au

APN Property Group Limited issued this content on 2016-01-18 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-18 00:59:01 UTC

Original Document: http://www.apngroup.com.au/apn/download.ashx?type=APDannouncements&file=20160118_Earnings Upgrade.pdf