The earnings call was generally positive with strong financial performance indicators such as AFFO and EBITDA growth, alongside successful integration of BCP. However, the increase in leverage and slow investment ramp-up present challenges.

Company Guidance

During the Q1 2025 earnings call, LEG Immobilien AG's management provided guidance indicating a robust outlook for the fiscal year, with an expected bottom-line growth of 7%. Key metrics highlighted include a strong net cold rent increase of over 7%, which, alongside the full integration of BCP, contributed to a 28% boost in AFFO. Despite a sluggish start in investments compared to Q1 2024, the company reaffirmed its investment guidance of at least EUR 35 per square meter for the full year. Furthermore, they projected a like-for-like rent increase of 3.4% to 3.6%, and over 4% for their free finance portfolio. The company's LTV slightly rose to 48.4%, attributed to technical accounting effects and the full consideration of BCP. The company remains committed to reducing its LTV to 45% through an ongoing disposal program targeting around 5,000 units. Despite geopolitical and macroeconomic challenges, transaction activity in the German residential market remains strong, underpinned by stable cash flows and an anticipated value increase of 0.5% to 1% in H1 2025.

Strong AFFO Growth

AFFO increased by a strong 28.2% to EUR 62.3 million, driven by strong performance and BCP integration.

Net Cold Rent Increase

Net cold rent grew by 7.2% or EUR 15.4 million to EUR 229.5 million, with BCP contributing EUR 12.3 million.

Positive EBITDA Margin Improvement

The adjusted EBITDA rose by 10% to EUR 173.4 million, with the EBITDA margin improving by 200 basis points to 75.6%.

Robust Disposal Program

Successfully disposed of 1,500 units in Q1 with proceeds of EUR 125 million, and a robust transaction market in Germany.

Successful BCP Integration

BCP is operationally and financially fully integrated, with refinanced two-thirds of BCP's financing, supporting rental growth.

LEG Immobilien (DE:LEG) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

DE:LEG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 12, 2025	2025 (Q3)	1.50 / -	1.5	―	―	―
Aug 07, 2025	2025 (Q2)	1.75 / 1.22	-1.94	162.89% (+3.16)	―	―
May 13, 2025	2025 (Q1)	1.42 / 0.99	0.706	40.23% (+0.28)	―	―
Mar 10, 2025	2024 (Q4)	1.52 / 1.70	-7.358	123.10% (+9.06)	―	―
Nov 08, 2024	2024 (Q3)	1.61 / 1.50	0.669	124.22% (+0.83)	―	―
Aug 09, 2024	2024 (Q2)	-5.09 / -1.94	-15.08	87.14% (+13.14)	―	―
May 15, 2024	2024 (Q1)	1.14 / 0.71	1.299	-45.65% (-0.59)	―	―
Mar 11, 2024	2023 (Q4)	-9.76 / -7.36	-7.362	0.05% (<+0.01)	―	―
Nov 09, 2023	2023 (Q3)	1.61 / 0.67	2.85	-76.53% (-2.18)	―	―
Aug 10, 2023	2023 (Q2)	-14.94 / -15.08	9.99	-250.95% (-25.07)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

DE:LEG Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 07, 2025	€71.35	€72.30	+1.33%
May 13, 2025	€72.37	€69.33	-4.20%
Mar 10, 2025	€68.35	€66.36	-2.91%
Nov 08, 2024	€82.08	€83.72	+2.00%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does LEG Immobilien (DE:LEG) report earnings?

LEG Immobilien (DE:LEG) is schdueled to report earning on Nov 12, 2025, Before Open (Confirmed).

What is LEG Immobilien (DE:LEG) earnings time?

LEG Immobilien (DE:LEG) earnings time is at Nov 12, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is the P/E ratio of LEG Immobilien stock?

The P/E ratio of LEG Immobilien is N/A.

What is DE:LEG EPS forecast?

DE:LEG EPS forecast for the fiscal quarter 2025 (Q3) is 1.5.

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