Germany's DEMIRE Q1 rental income falls 17% after disposals

Demire Deutsche Mittelstand Real Estate AG

07/05/2026 06:39

Overview

Germany commercial property owner's Q1 rental income fell 17% yr/yr after property disposals

Q1 FFO I declined, mainly due to portfolio reduction from asset sales

Company confirmed 2026 guidance for rental income and FFO I

Outlook

DEMIRE confirms 2026 rental income guidance of EUR 41.5 mln to EUR 43.5 mln

Company expects 2026 FFO I between EUR -1.0 mln and EUR 1.0 mln

DEMIRE says rising vacancy rates and weak economic environment impacting leasing activity

Result Drivers

PORTFOLIO REDUCTION - Lower rental income and FFO I driven by property disposals and reduced portfolio size

LOWER NEGATIVE FAIR VALUE ADJUSTMENTS - EBIT improved due to fewer negative fair value adjustments on properties

HIGHER VACANCY RATE - Vacancy rate increased due to expiry of major leases and subdued leasing activity

Company press release: ID:nGNE2C1JFT

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Rental Income
EUR 11.60 mln
Q1 Net Income
-EUR 8.60 mln
Q1 Adjusted FFO
EUR 300,000
Q1 EBIT
EUR 2.70 mln


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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.)