Hamborner REIT AG (CHIX:HABAd)
€ 6.46 (0%) Market Cap: 463.66 Mil Enterprise Value: 420.58 Mil PE Ratio: 32.11 PB Ratio: 1.14 GF Score: 64/100
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Q1 2025 Hamborner REIT AG Earnings Call Transcript

May 8, 2025 / 09:00 AM GMT
Release Date Price: €6.11

Key Points

Positve
  • Hamborner REIT AG (HMBRF) achieved a reduction in loan-to-value (LTV) to 41.1% and an increase in the equity ratio to 56%, indicating a stronger financial position.
  • The vacancy rate remained low at 3%, showcasing effective property management and tenant retention.
  • The company completed the sale of properties in Hamburg, Osnabrook, and Lubeck, with a total sales volume of €27.4 million, aligning with strategic objectives.
  • Hamborner REIT AG (HMBRF) maintained a stable tenant structure, with a significant portion of rental income coming from economically resilient tenants, particularly food retailers.
  • The company plans to propose a dividend of $0.48 per share, reflecting a payout ratio of approximately 76% and a dividend yield of around 7.6%.
Negative
  • Income from rents and leases decreased by 1.7% compared to the first quarter of 2024, primarily due to postponed revenue-based rental payments and property disposals.
  • Funds from operations (FFO) declined by 15%, mainly due to increased operational costs.
  • Maintenance expenses rose significantly by 35% to €1.6 million, impacting overall profitability.
  • Administrative expenses increased by 27%, driven by expansion in IT and software infrastructure.
  • The company anticipates increased costs in maintenance, personnel, and administration by 10% to 20% for the full year 2025, potentially affecting future earnings.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

HABAn.DE - Hamborner Reit AG
Q1 2025 Hamborner REIT AG Earnings Call
May 08, 2025 / 09:00AM GMT

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Presentation
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Unidentified_1 [1]
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Hello and welcome to the Humber Ri Q1 2025 results conference call. Please note this call is being recorded and for the duration of the call, your lines will be on listen-only. However, you will have the opportunity to ask questions at the end of the conference.

This can be done by pressing 1 on the telephone keypad to register your question. If you require assistance at any point, please press 0 and you will be connected to an operator. I will now hand you over to your host, Mr. Nicholas Karov, CEO to begin today's conference. Please go ahead, sir.

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Unidentified_2 [2]
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