LEG Immobilien Backs Guidance After Profit, Earnings Rise

Dow Jones

05/13

By Nina Kienle

LEG Immobilien backed its full-year guidance as a strong start to the year lifted profit and earnings figures.

The German property company on Tuesday said that for the first three months of the year, net profit rose to 243.2 million euros ($269.6 million) from 57.8 million euros, as demand for affordable housing in Germany continues to rise steadily.

This was reflected in the net cold rent--the base rent excluding utilities--which rose 7% to 229.5 million euros with recurring net operating income rising almost 9% to 186.0 million euros.

Adjusted earnings before interest, taxes, depreciation and amortization rose 10% to 173.4 million euros.

Adjusted funds from operations--AFFO--rose to 62.3 million euros from 48.6 million euros, with AFFO per share rising 27% to 0.84 euros.

For 2025, the company backed its guidance, targeting AFFO between 205 million euros and 225 million euros. Despite this, effects from possible future portfolio acquisitions and disposals aren't taken into account yet, which would increase AFFO per share by more than 7% compared to the prior year, based on the mid-point of the guidance range, it said.

Write to Nina Kienle at nina.kienle@wsj.com

(END) Dow Jones Newswires

May 13, 2025 02:50 ET (06:50 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Despite this, effects from possible future portfolio acquisitions and disposals aren't taken into account yet, which would increase AFFO per share by more than 7% compared to the prior year, based on the mid-point of the guidance range, it said. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Nina Kienle at nina.kienle@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 13, 2025 02:50 ET (06:50 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>LEG Immobilien Backs Guidance After Profit, Earnings Rise</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLEG Immobilien Backs Guidance After Profit, Earnings Rise\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2025-05-13 14:50</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Nina Kienle \n</p>\n<pre>\n \n</pre>\n<p>\n  LEG Immobilien backed its full-year guidance as a strong start to the year lifted profit and earnings figures. \n</p>\n<p>\n  The German property company on Tuesday said that for the first three months of the year, net profit rose to 243.2 million euros ($269.6 million) from 57.8 million euros, as demand for affordable housing in Germany continues to rise steadily. \n</p>\n<p>\n  This was reflected in the net cold rent--the base rent excluding utilities--which rose 7% to 229.5 million euros with recurring net operating income rising almost 9% to 186.0 million euros. \n</p>\n<p>\n  Adjusted earnings before interest, taxes, depreciation and amortization rose 10% to 173.4 million euros. \n</p>\n<p>\n  Adjusted funds from operations--AFFO--rose to 62.3 million euros from 48.6 million euros, with AFFO per share rising 27% to 0.84 euros. \n</p>\n<p>\n  For 2025, the company backed its guidance, targeting AFFO between 205 million euros and 225 million euros. Despite this, effects from possible future portfolio acquisitions and disposals aren't taken into account yet, which would increase AFFO per share by more than 7% compared to the prior year, based on the mid-point of the guidance range, it said. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Nina Kienle at nina.kienle@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 13, 2025 02:50 ET (06:50 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LEG","symbol_name":"禮恩派","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2535791546","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2535791546","pubTimestamp":1747119000,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"LEG Immobilien backed its full-year guidance as a strong start to the year lifted profit and earnings figures.The German property company on Tuesday said that for the first three months of the year, net profit rose to 243.2 million euros  from 57.8 million euros, as demand for affordable housing in Germany continues to rise steadily.This was reflected in the net cold rent--the base rent excluding utilities--which rose 7% to 229.5 million euros with recurring net operating income rising almost 9% to 186.0 million euros.Adjusted earnings before interest, taxes, depreciation and amortization rose 10% to 173.4 million euros.Adjusted funds from operations--AFFO--rose to 62.3 million euros from 48.6 million euros, with AFFO per share rising 27% to 0.84 euros.For 2025, the company backed its guidance, targeting AFFO between 205 million euros and 225 million euros. Despite this, effects from possible future portfolio acquisitions and disposals aren't taken into account yet, which would increas","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"LEG":"礼恩派"},"translate_title":"LEG Immobilien在利润和盈利增长后支持指引","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LEG":1},"content_text":"By Nina Kienle \n\n\n \n\n\n  LEG Immobilien backed its full-year guidance as a strong start to the year lifted profit and earnings figures. \n\n\n  The German property company on Tuesday said that for the first three months of the year, net profit rose to 243.2 million euros ($269.6 million) from 57.8 million euros, as demand for affordable housing in Germany continues to rise steadily. \n\n\n  This was reflected in the net cold rent--the base rent excluding utilities--which rose 7% to 229.5 million euros with recurring net operating income rising almost 9% to 186.0 million euros. \n\n\n  Adjusted earnings before interest, taxes, depreciation and amortization rose 10% to 173.4 million euros. \n\n\n  Adjusted funds from operations--AFFO--rose to 62.3 million euros from 48.6 million euros, with AFFO per share rising 27% to 0.84 euros. \n\n\n  For 2025, the company backed its guidance, targeting AFFO between 205 million euros and 225 million euros. Despite this, effects from possible future portfolio acquisitions and disposals aren't taken into account yet, which would increase AFFO per share by more than 7% compared to the prior year, based on the mid-point of the guidance range, it said. \n\n\n \n\n\n  Write to Nina Kienle at nina.kienle@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 13, 2025 02:50 ET (06:50 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}