HAMBORNER REIT AG reports business figures for the first nine months of 2026 and raises operating earnings forecast
Published on 11/10/2026 at 07:00 | dgap, AD HOC NEWS| HAMBORNER REIT AG / Key word(s): Quarterly / Interim Statement/9 Month figures 10.11.2026 / 07:00 CET/CEST The issuer is solely responsible for the content of this announcement. PRESS RELEASE Transaction-related decline in rental income of 0.9% to €67.3 million Positive like-for-like rental growth of 1.5% in the existing portfolio FFO at €34.5 million or €0.42 per share (-6.0%) Development of operational portfolio figures in line with expectations Solid financing structure with an EPRA loan-to-value ratio of 44.2% Rental income guidance refined and FFO guidance raised for 2026 BUSINESS DEVELOPMENT Duisburg, 10 November 2026 – In a persistently challenging macroeconomic and industry-specific environment, HAMBORNER REIT AG’s operating business developed largely in line with expectations during the first nine months of the current financial year. Revenue and earnings performance primarily reflected the impact of property disposals, a higher cost level and increased financing costs. Income from rents and leases amounted to €67.3 million in the first nine months, 0.9 % lower than in the same period of the previous year. The decline was primarily attributable to property disposals that took place in both the previous and current financial years. Contractually agreed index-linked rent adjustments provided a positive offset. On a like-for-like basis, rental income increased by €1.0 million, or 1.5%, compared with the same period last year. Funds from Operations (FFO) declined by 6.0% compared with the previous year to €34.5 million. FFO per share amounted to €0.42, compared with €0.45 in the same period last year. In addition to lower rental income, higher financing costs and increased expenditure on property operations and maintenance weighed on earnings. The company’s balance sheet and financing structure remained stable, even in the persistently challenging interest rate and property market environment. The REIT equity ratio stood at 55.2% as at 30 September 2026, compared with 54.7% at the end of 2025. The EPRA loan-to-value (LTV) ratio, at 44.2%, remained virtually unchanged from the level at the end of 2025 (44.3%). PORTFOLIO DEVELOPMENT Following the transfer of ownership in the first quarter of the retail property in Ditzingen – which had already been sold at the end of 2025 – ownership of the office property in Neu-Isenburg, sold as part of the company’s strategic portfolio realignment, was transferred on 1 September 2026. With the completion of the transaction, HAMBORNER has taken the first step in the strategic development of its property portfolio and towards the targeted reduction of its office exposure. The disposal strengthens the financial flexibility for targeted reinvestment in high-yield retail properties with attractive cash flow profiles. The market values of the property portfolio remained unchanged during the third quarter. As at 30 September 2026, the company’s portfolio comprised 62 properties with a total market value of around €1.3 billion. The net asset value (NAV) stood at €8.85 per share, compared with €9.07 at year-end 2025 and €8.72 at the end of the first half of 2026. OPERATING BUSINESS DEVELOPMENT Operating portfolio indicators remained in line with expectations during the reporting period. The weighted average lease term (WALT) stood at 5.0 years as at 30 September 2026. The EPRA vacancy rate slightly increased to 4.4%, but remained at a comparatively low level. Letting activities continued to develop positively during the year. Since the beginning of the year, the company has signed lease agreements covering around 27,500 m², with successful lease renewals with office tenants in particular contributing to the high tenant retention rate of around 85%. OUTLOOK For the remainder of the year, the company expects business performance to remain largely in line with expectations despite the persistently challenging macroeconomic conditions. Based on the business performance in the first nine months and an updated estimate of expenses and income, the company refined its revenue guidance and raised its FFO guidance for the full year 2026. For the 2026 financial year, income from rents and leases is now expected to be between €88.5 million and €90.0 million. Previously, a range of €87.5 million to €89.5 million had been forecast. FFO is expected to range between €42.0 million and €44.0 million, compared with the previous guidance of €38.0 million to €42.0 million. The increase is partly attributable to successful letting activities during the current financial year, which required lower expenditure on letting incentives, tenant fit-outs and maintenance measures than originally planned. KEY FINANCIAL AND PORTFOLIO FIGURES AS OF 30 SEPTEMBER 2026
Head of Capital Markets, Financing & Sustainability T.: +49 (0)203 54405-32 M: info@ir.hamborner.de W: www.hamborner.de DISCLAIMER This press release has been issued by HAMBORNER REIT AG (hereinafter "HAMBORNER") solely for information purposes. This press release may contain statements, assumptions, opinions and predictions about the anticipated future development of HAMBORNER ("forward-looking statements") that reproduce various assumptions regarding, e.g., results derived from HAMBORNER's current business or from publicly available sources that have not been subject to an independent audit or in-depth evaluation by HAMBORNER and that may turn out to be incorrect at a later stage. All forward-looking statements express current expectations based on the current business plan and various other assumptions and therefore come with risks and uncertainties that are not insignificant. All forward-looking statements should therefore not be taken as a guarantee for future performance or results and, furthermore, do not necessarily constitute exact indicators that the forecast results will be achieved. All forward-looking statements relate solely to the day on which this press release was issued to its recipients. It is the responsibility of the recipients of this press release to conduct a more detailed analysis of the validity of forward-looking statements and the underlying assumptions. HAMBORNER accepts no responsibility for any direct or indirect damages or losses or subsequent damages or losses, as well as penalties that the recipients may incur by using the press release, its contents and, in particular, all forward-looking statements or in any other way, as far as this is legally permissible. HAMBORNER does not provide any guarantees or assurances (either explicitly or implicitly) in respect of the information contained in this press release. HAMBORNER is not obliged to update or correct the information, forward-looking statements or conclusions drawn in this press release or to include subsequent events or circumstances or to report inaccuracies that become known after the date of this press release. 10.11.2026 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group. The issuer is solely responsible for the content of this announcement. The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. View original content: EQS News |
| Language: | English |
| Company: | HAMBORNER REIT AG |
| Goethestraße 45 | |
| 47166 Duisburg | |
| Germany | |
| Phone: | 0203/54405-0 |
| Fax: | 0203/54405-49 |
| E-mail: | info@hamborner.de |
| Internet: | www.hamborner.de |
| ISIN: | DE000A3H2333 |
| WKN: | A3H233 |
| Indices: | SDAX |
| Listed: | Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Hamburg, Hanover, Munich, Stuttgart, Tradegate BSX |
| LEI Code: | 529900EJTD8IR1GN0P96 |
| EQS News ID: | 2431202 |
| End of News | EQS News Service |
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en | DE000A3H2333 | HAMBORNER REIT AG | boerse | 70484173 |
