LEG Immobilien shines in the first quarter with a 28.2% jump in profits!

LEG Immobilien shines in the first quarter with a 28.2% jump in profits!

In the first quarter of 2025, the real estate group LEG Immobilien made significant progress, as current reports show. The company reported an operating cash inflow (AFFO) of 62.3 million euros, which corresponds to a pleasing increase of 28.2 percent compared to the previous year. The company's profit during this period amounted to 243 million euros, which indicates a positive start to business in the current year.

Rents across the entire housing stock were increased by three percent. In addition, the vacancy rate for apartments has fallen to 2.4 percent, which underlines the efficiency of rental. LEG boss Lars von Lackum expressed optimism about the start of the 2025 financial year and spoke of excellent earnings growth.

Integration and sales plans

An important milestone in the corporate strategy was the completed integration of 9,000 apartments from the recently acquired company BCP. This measure was successfully completed, but LEG still plans to sell around 1,350 of the BCP apartments in eastern Germany. These sales intentions could be part of a broader strategy to optimize the portfolio.

For the full year 2025, LEG Immobilien expects AFFO of between 205 and 225 million euros. In the previous year, the company achieved an AFFO of 200 million euros, which further reinforces the positive expectations for the current year.

Stock market reactions

LEG Immobilien shares also appear to be performing positively, despite a continuous decline in overall value. Loud Manager Magazine the market shows that trust in LEG's corporate strategies remains strong despite the challenges and a billion-dollar deficit.

These promising key figures and strategic decisions position LEG Immobilien as an important player in the real estate sector and give hope for continued positive development in the current year.