Real Estate: LEG Must Devalue Buildings Again, but Confirms Annual Forecast
Germany's second-largest listed landlord continues to increase its earnings, and its stock gains significantly in value. The company is keeping a low profile regarding its new major shareholder.
The German real estate company LEG has reported a 4.9% increase in its key earnings metric, Adjusted Funds From Operations (AFFO), to €190.1 million for the first nine months. The company's rental income on comparable areas rose by 3.9%, while the vacancy rate was 2.5%. LEG has announced expected growth in its 2026 financial results, with a predicted AFFO of €220-240 million, and €230-250 million for 2027.
However, the company expects a decline in property values due to rising interest rates driven by inflation, which will impact its debt ratio.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
