Real Estate: LEG rents rise - but profits fall
The upswing in the real estate market is resulting in positive figures for Germany's second-largest landlord. Nevertheless, it is still a long way to the predicted record result for the full year.
Düsseldorf. Higher rents, rising valuations: Germany's second-largest listed real estate company, LEG, has benefited from continued strong demand for housing in urban areas in the first half of the year. Rental income net of cold rent increased by 3.4 percent to €473.4 million in the first half of the year compared to the same period last year.
The rent per square meter for comparable areas in the overall portfolio grew from €7.15 per square meter to €7.21. This is according to the figures for the first half of the year presented by the company on Tuesday.
For the full year, rents for comparable areas are expected to increase by 3.8 to 4.0 percent, stronger than in 2025. The valuation result for the housing portfolio increased by 0.7 percent in the half-year period. The expected upturn in the real estate market is giving LEG a financial boost. Nevertheless, the company's operating performance in Düsseldorf was significantly in the red in the first half of the year.
Translated by urgent.news. Machine-written — may contain errors; check the original before relying on it.
