Immobilien: LEG muss wieder Gebäude abwerten, bestätigt aber die Jahresprognose
Der zweitgrößte börsennotierte Vermieter Deutschlands steigert sein Ergebnis weiter, und die Aktie gewinnt deutlich an Wert. Zum neuen Großaktionär hält sich das Unternehmen bedeckt.
Düsseldorf-based real estate firm LEG reported a 4.9% increase in its most important earnings metric, AFFO, to 190.1 million euros after nine months of operation, according to the company's report on Thursday. The MMR (monthly mortgage rate) on comparable space, which includes adjustments for acquisitions, disposals, and new developments, rose by 3.9% for the entire portfolio. The vacancy rate stood at 2.5%.
The German company also announced further growth for the 2026 fiscal year, with AFFO expected to range between 220 and 240 million euros, and potentially expanding to 230 to 250 million euros the following year. However, LEG faces challenges from the development of interest rates, which are driven up by inflation and push up property prices.
To offset this headwind, the company expects a depreciation of its real estate portfolio in the second half of the year. This depreciation will make it impossible to achieve a loan-to-value (LTV) ratio of around 45% in 2026, the company stated.
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