LEG Immobilien SE (XSWX:LEG)

Q3 2025 LEG Immobilien SE Earnings Call Transcript

Nov 12, 2025 / 10:59 AM GMT

Release Date Price: CHF136.76

Transcript

Key Points

Positve

LEG Immobilien SE (LEGIF) is on track to achieve its 2025 guidance with an expected AFFO growth of 10%.
The company has successfully integrated a 9,000-unit portfolio from BCP, contributing to strong growth.
Moody's has confirmed LEG Immobilien SE (LEGIF)'s BAA 2 rating and revised the outlook to positive.
The company has sold over 2,200 units for approximately €100 million, aiding in reducing its LTV.
Net cold rent increased by 6.8%, driven by both organic growth and acquisitions.

Negative

The like-for-like rental growth of 3.1% is slightly below the target range of 3.4% to 3.6%.
The company's LTV stands at 48.3%, above the target of 45% set for 2026.
Interest costs have increased due to rising debt and new financing, impacting net cash interest.
The company faces uncertainties in interest rates due to rising state budget deficits.
There is a decline in new construction investments, affecting the overall growth rate in comparison to previous years.

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

LEGn.DE - LEG Immobilien SE
Q3 2025 LEG Immobilien SE Earnings Call
Nov 12, 2025 / NTS GMT

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Presentation
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Unidentified_1 [1]
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Good morning everyone from Dusseldorf. Welcome to our call for our 9 month 2025 presides call and thank you for your participation.

We have in the call our entire management team with our CEO Lars von Lacom, our CFO Katherine King, as well as our COO Volkerker.

You hopefully realize that we changed the format of the presentation slightly. You have now a more condensed section in the front part of the presentation, and you have all information as in the past in the appendix.

You'll find the presentation document as well as the quarterly report and documents within the IR section of our homepage.

Please note that there is also a disclaimer which you'll find on page 2 of our presentation.

And

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