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annual report 2009 - bei der Hamborner REIT AG

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MDAX Mid-cap index: German second-line index, in which 50 shares from traditional,<br />

non-technology non-heavy sectors are combined which follow the DAX shares<br />

with regard to market capitalisation and stock exchange turnover<br />

Net Asset<br />

Value (NAV)<br />

The net asset value reflects the economic equity capital of the company. It is determined<br />

from the market values of group assets – essentially the value of properties –<br />

net of the borrowed capital.<br />

Performance Measurement of the yield of an investment in a specific period. It is composed of<br />

the performance, the profit distribution and the yield of the liquid funds within a<br />

period and is normally expressed as a percentage.<br />

<strong>REIT</strong> Abbreviated form for Real Estate Investment Trust. Stock exchange-listed company<br />

that invests solely in properties. Facilitates indirect investment in properties for<br />

the investor through the purchase of shares. The greater part of the profit is distributed<br />

and taxation is effected exclusively at investor level (tax transparency).<br />

Risk<br />

management<br />

Systematic process with the aim of identifying potential risks in the company at<br />

an early stage, evaluating them and, where appropriate, introducing necessary preventive<br />

measures<br />

SDAX Small-cap index: German share index that, as a second-line index, includes the 50<br />

most important shares - after the DAX and MDAX. The "S" for "small-cap" refers to<br />

smaller companies with low market capitalisation and stock exchange turnover.<br />

Volatility Statistical measurement of the fluctuation margin of a rate of exchange or price,<br />

particularly of securities or currencies<br />

Vorst<strong>AG</strong> German Act for the Appropriateness of Management Remuneration<br />

VorstOG German Disclosure of Managing Board Remuneration Act<br />

WpHG German Securities Trading Act<br />

to our sHareHol<strong>der</strong>s management <strong>report</strong> Financial statements supplementary inFormation<br />

<strong>annual</strong> <strong>report</strong> <strong>2009</strong> | <strong>Hamborner</strong> reit ag 109

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