Germany's DEMIRE H1 rental income falls due to property sales; raises 2026 outlook

Demire Deutsche Mittelstand Real Estate AG

13/08/2026 06:40

Overview
Germany commercial property holder's H1 rental income declined 17% yr/yr due to property sales
Adjusted FFO I for H1 fell compared to last year, reflecting lower rental income
Company raised 2026 guidance for rental income and FFO I after better-than-expected performance

Outlook
DEMIRE raises 2026 rental income guidance to EUR 42.5–44.5 mln from EUR 41.5–43.5 mln
Company lifts 2026 FFO I outlook to EUR 0.5–2.5 mln from EUR -1.0–1.0 mln
DEMIRE to focus on letting performance and operational stabilisation in H2 2026

Result Drivers
PROPERTY SALES - Rental income and portfolio value declined due to ongoing property disposals
REFINANCING MEASURES - Average cost of debt declined slightly following early refinancing actions

Company press release: ID:nGNE7vzwDx

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Rental Income
 
EUR 23 mln
 
H1 Net Loss
 
EUR 15.70 mln
 
H1 Adjusted FFO
 
EUR 2 mln
 
H1 EBIT
 
EUR 8 mln
 

Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the real estate rental, development & operations peer group is "buy"
Wall Street's median 12-month price target for Demire Deutsche Mittelstand Real Estate AG is €0.80, about 116.2% above its August 12 closing price of €0.37

Reuters Recommended Reads
Aug 11 - Germany's TAG Immobilien H1 FFO I rises on rental growth
Aug 10 - German commercial property prices dip after fragile recovery, data show
Aug 12 - Grand City Properties H1 rental income rises

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)