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LEG Immobilien (DE:LEG)
XETRA:LEG
Earnings Data
Report Date
Mar 10, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.52Last Year’s EPS
-7.36Same Quarter Last Year
Strong Buy
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2024
|% Change Since: -10.86%
|Next Earnings Date:Mar 10, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong operational performance with an increase in AFFO guidance, successful refinancing activities, and stabilization in property values. However, the company faced challenges from lower green electricity contributions, increased expenses, and integration costs from the BCP acquisition. The sentiment is balanced, considering both positive growth metrics and operational challenges.Company Guidance
In the recent call, the company provided detailed guidance for its fiscal performance, emphasizing profitability as a key focus. The organization reported a like-for-like rental growth of 3.2% across its full portfolio, aligning with the guidance range of 3.2% to 3.4%, and highlighted a market-leading 3.8% growth in its free-financed portfolio. For 2024, the company confirmed its AFFO guidance, anticipating a range between EUR190 million and EUR210 million, marking an approximate 10% increase in AFFO per share at the midpoint. Looking ahead to 2025, the company expects AFFO to further grow to EUR205 million to EUR225 million, indicating a 7.5% increase at the midpoint. This growth will be supported by continued rent growth momentum, increased investment spending, and advantageous refinancing conditions. The company also announced the acquisition of the remaining shares in Brack Capital Partners (BCP), which will be neutral in terms of its impact on AFFO per share in the acquisition year, with anticipated mid-term contributions to earnings. Additionally, the company reported progress in its capital recycling strategy, having sold 3,400 units for EUR330 million, with a target to reduce its LTV to 45% mid-term.Strong Like-for-Like Rent Growth
The company reported a 3.2% like-for-like rent growth for its full portfolio, translating into a market-leading 3.8% rent growth for the free-financed portfolio.
AFFO Guidance and Growth
Confirmed 2024 AFFO guidance in the range of EUR190 million to EUR210 million, representing an increase of around 10% for the AFFO per share.
Acquisition of Brack Capital Partners
Announced acquisition of the remaining shares in Brack Capital Partners, expected to be neutral on AFFO per share in the year of acquisition, and a contributor to earnings in the mid-term.
Stabilization of German Residential Values
Expecting valuation of the portfolio to stabilize with a range of 0% to +0.5%, indicating a gross yield of around 5%.
Capital Recycling Strategy
Sold 3,400 units for EUR330 million, with further disposals planned to bring down LTV to the mid-term target of 45%.
Low Average Cash Financing Costs
Maintained low average cash financing costs of 1.6% due to successful refinancing activities.
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DE:LEG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DE:LEG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 08, 2024 | €85.12 | €86.82 | +2.00% |
| Aug 09, 2024 | €81.10 | €85.52 | +5.45% |
| May 15, 2024 | €78.83 | €83.80 | +6.31% |
| Mar 11, 2024 | €70.13 | €73.68 | +5.07% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does LEG Immobilien (DE:LEG) report earnings?
LEG Immobilien (DE:LEG) is schdueled to report earning on Mar 10, 2025, TBA Not Confirmed.
What is LEG Immobilien (DE:LEG) earnings time?
LEG Immobilien (DE:LEG) earnings time is at Mar 10, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of LEG Immobilien stock?
The P/E ratio of LEG Immobilien is N/A.
What is DE:LEG EPS forecast?
DE:LEG EPS forecast for the fiscal quarter 2024 (Q4) is 1.52.
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