Germany's HAMBORNER REIT H1 rental income falls 1.3% on property disposals

HAMBORNER REIT AG

04/08/2026 06:12

Overview
Germany commercial property REIT's H1 2026 rental income fell 1.3% yr/yr due to property disposals
FFO for H1 2026 declined 4.4% yr/yr, impacted by higher costs and lower rental income
Company confirmed full-year 2026 forecast despite challenging sector conditions

Outlook
Company expects 2026 income from rents and leases of €87.5 mln to €89.5 mln
Company forecasts 2026 FFO between €38.0 mln and €42.0 mln
HAMBORNER REIT confirms its full-year 2026 forecast

Result Drivers
PROPERTY DISPOSALS - Co said rental income declined mainly due to property disposals in previous and current financial years
COST INCREASES - FFO was impacted by higher maintenance, administration, personnel, and financing costs amid changed interest rate environment
PORTFOLIO REVALUATIONS - Portfolio value decreased due to market value adjustments and write-downs linked to changes in location, letting prospects, and cost forecasts

Company press release: ID:nEQ76v88ha

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 FFO
 
EUR 23.80 mln
 
H1 FFO Per Share
 
EUR 0.29
 
H1 Operating Income
 
-EUR 6.60 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
Wall Street's median 12-month price target for Hamborner REIT AG is €7.68, about 74.8% above its August 3 closing price of €4.39
The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 39 three months ago

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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.)