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LEG Immobilien (LEGIF)
OTHER OTC:LEGIF
Earnings Data
Report Date
May 13, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.74Last Year’s EPS
1.15Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong operational and financial results (record AFFO, rent growth, margin outperformance, improved LTV and confirmed guidance) and outlined credible midterm growth levers (subsidy run-offs, value-add businesses, and a technology/digitalization program). Key near-term challenges include higher interest costs, slower transaction liquidity that lengthens disposals, one-off integration costs and a temporary negative drag from Green Ventures. On balance, positive execution on core metrics and a clear plan to manage refinancing and deleveraging outweigh the challenges.Company Guidance
Record AFFO and Strong Earnings Growth
AFFO of EUR 220.5 million (+10% YoY), the highest level in company history; FFO I of EUR 481.5 million (+5.2% YoY).
Dividend Increase and Payout Policy
Proposed dividend EUR 2.92 per share (+8% YoY), representing a 100% payout of AFFO.
Net Cold Rent and Like-for-Like Rent Growth
Net cold rent closed at EUR 919.9 million (+7% YoY); like-for-like in-place rent growth of 3.5% in 2025 (guidance for 2026: 3.8%–4%).
Operational Profitability Outperformance
Adjusted EBITDA margin of 78.1%, outperforming the planned 76% and the guided ~77% (≈110 basis points above plan).
Portfolio Expansion via BCP Integration
Integration of BCP added ~9,000 units and contributed to earnings (management attributes ~EUR 49 million of AFFO contribution to the acquisition).
Balance Sheet Progress and Liquidity
Loan-to-value improved to 46.8% (down ~110 bps YoY) with target of ~45% by end-2026; interest coverage ratio 4.3x; liquidity >EUR 800 million and EUR 750 million undrawn RCF.
Positive Valuation Momentum
Portfolio valuation uplift of 3% for full year 2025 (H2 +1.8%), supported by VDP (+5.3%) and GREIX (+4.8%) indicators; gross yield 4.8% and net initial yield 4.3%.
Investment Discipline and CapEx
Investments exceeded guidance at EUR 36.11 per sq.m. (target >EUR 35/sq.m.), ~EUR 400 million total invested (+10% YoY); capitalization ratio ~57%.
Value‑Add Business Momentum
Value-add segment FFO I grew ~20% YoY from EUR 50 million to ~EUR 60 million in 2025; Green Ventures target cumulative contribution ~EUR 20 million (2024–2028) with expected breakeven/positive impact from 2026.
Operational Metrics: Vacancy and Rents
EPRA like-for-like vacancy remained ultra-low at 2.3%; average in-place rent increased to EUR 7.04/sq.m. from EUR 6.81.
LEGIF Earnings History
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
LEGIF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 05, 2026 | $77.20 | $76.77 | -0.56% |
Nov 12, 2025 | $74.56 | $73.75 | -1.08% |
Aug 07, 2025 | $83.16 | $83.86 | +0.84% |
May 13, 2025 | $79.83 | $77.64 | -2.75% |
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 (LEGIF) report earnings?
LEG Immobilien (LEGIF) is schdueled to report earning on May 13, 2026, Before Open (Confirmed).
What is LEG Immobilien (LEGIF) earnings time?
LEG Immobilien (LEGIF) earnings time is at May 13, 2026, 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 LEGIF EPS forecast?
LEGIF EPS forecast for the fiscal quarter 2026 (Q1) is 1.74.