Hamborner REIT AG

HABA

Equity

ISIN DE000A3H2333 / Valor 59749334

Xetra (2024-12-23)

EUR 6.28%

Hamborner REIT AG
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About company

Hamborner REIT AG is a publicly traded company focused on the property sector, serving as a portfolio holder for high-yielding commercial properties. Their portfolio includes office properties in prime locations, as well as retail assets such as retail centers and DIY stores in major German cities and mid-sized centers. With a focus on profitable properties, Hamborner REIT AG aims to provide attractive and diversified investment opportunities in the real estate market.

Summarized from source with an LLMView SourceSector: Finance

Income from Rents and Leases

In the second quarter of 2024, Hamborner REIT AG reported income from rents and leases amounting to €46,650 thousand, an increase from €44,814 thousand in the same period of the previous year. This growth is attributed to rent increases following property additions and index-based rent increases for properties that were in the portfolio both in the first six months of 2023 and the reporting half-year.

Net Rental Income

Hamborner REIT AG's net rental income for the second quarter of 2024 was €39,659 thousand, reflecting a 4.3% increase from €38,027 thousand in the same period of the previous year. This rise is primarily due to higher income from rents and leases, despite a slight decrease in income from the reallocation of incidental costs to tenants.

Operating Result

The operating result for Hamborner REIT AG in the second quarter of 2024 was €13,746 thousand, a significant increase from €3,415 thousand in the same period of the previous year. This improvement is largely due to a decrease in depreciation and amortisation expenses, as well as a reduction in impairment losses on properties.

Funds from Operations (FFO)

Funds from operations (FFO) for Hamborner REIT AG in the second quarter of 2024 amounted to €28,296 thousand, a slight increase from €28,099 thousand in the same period of the previous year. This corresponds to an FFO per share of 35 cents, consistent with the previous year's figure.

Fair Value of Property Portfolio

The fair value of Hamborner REIT AG's developed property portfolio as of 30 June 2024 was €1,463.2 million, slightly down from €1,471.0 million as of 31 December 2023. This minor decline is due to fair value adjustments for specific properties based on new findings from sale and lease negotiations, resulting in a net decrease in portfolio volume of €7.8 million.

Summarized from source with an LLMView Source

Key figures

-7.92%1Y

-36.4%3Y

-30.4%5Y

Performance

18.4%1Y

21.8%3Y

22.7%5Y

Volatility