Germany's HAMBORNER REIT Q1 rental income falls 1.9%

HAMBORNER REIT AG

07/05/2026 06:21

Overview

Germany commercial property REIT's Q1 income from rents and leases fell 1.9% yr/yr

Funds from Operations for Q1 declined 1.6% yr/yr, reflecting lower rental income

Company confirmed full-year 2026 guidance and reduced loan-to-value ratio to 43.1%

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 previously published full-year 2026 guidance

Result Drivers

PROPERTY DISPOSALS - Lower income from rents and leases was mainly due to property disposals in the previous and current financial years

INDEX-LINKED RENT INCREASES - Like-for-like rental income rose due to contractually agreed rent adjustments resulting from inflation

Company press release: ID:nEQ9ttsH1a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 FFO
EUR 11.70 mln
Q1 FFO Per Share
EUR 0.14
Q1 Operating Income
EUR 6.10 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 56% above its May 6 closing price of €4.92

The stock recently traded at 39 times the next 12-month earnings vs. a P/E of 23 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.)