LEG Immobilien FY25 AFFO Rises; Confirms 2026 Guidance

Core Insights - LEG Immobilien SE reported a significant increase in fiscal 2025 AFFO, reaching 220.5 million euros, up 10% from 200.4 million euros in the previous year, driven by the integration of the BCP portfolio, rental growth, and value-add services [1] - The company anticipates further earnings growth for fiscal 2026, projecting AFFO between 220 to 240 million euros and FFO I between 475 to 495 million euros, with expected rental growth of 3.8 to 4.0 percent [2] - A proposed dividend of 2.92 euros per share for fiscal 2025 represents an 8% increase over the previous year's dividend [3] Financial Performance - AFFO per share increased to 2.92 euros from 2.69 euros [1] - FFO I rose by 5.2% year-on-year to 481.5 million euros [1] - Net cold rent increased by 7% to 919.9 million euros, attributed to the BCP portfolio integration and rental growth in the free-financed segment [2] Market Position - At the last close, LEG shares were trading at 66.05 euros, reflecting a decrease of 0.68% [4]