LEG Immobilien SE
LEG
ISIN DE000LEG1110 / Valor 20516489
LEG Immobilien SE
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About company
LEG Immobilien SE, a leading private housing company in Germany, traces its roots back to the merger of several housing companies in 1970. Since its privatization in 2008, LEG has focused on developing and marketing brownfield sites, providing good housing at a fair price for a broad section of society. With approximately 166,000 rental properties and 500,000 residents, LEG has established itself as one of Germany's top listed housing companies. The company's commitment to efficient climate protection and decarbonization of residential buildings is evident through initiatives like the RENOWATE subsidiary. LEG Immobilien SE went public in 2013 and has continued to grow steadily, with a strong presence in North Rhine-Westphalia and selected locations in other German states.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (08.09.2025):
In the second quarter of 2025, LEG Immobilien SE demonstrated robust growth in key operational metrics despite challenges in profitability. The company reported increases in net cold rent and net operating income, reflecting a strong rental market performance and effective portfolio management.
Revenue Growth
LEG Immobilien SE achieved a 6.8% increase in net cold rent, reaching €228.3 million in Q2 2025 compared to €213.8 million in Q2 2024. Additionally, net operating income (recurring) rose by 10.4%, totaling €197.8 million for the quarter.
Adjusted EBITDA Improvement
The company's adjusted EBITDA saw a significant increase of 12.2%, reaching €186.6 million in Q2 2025, up from €166.3 million in the same period last year. This improvement underscores LEG Immobilien SE's operational efficiency and effective cost management.
Profitability Challenges
Despite the positive revenue trends, LEG Immobilien SE experienced a decline in net profit, which decreased by 85.5% to €204.9 million in Q2 2025 from €448.1 million in Q2 2024. The EBT also dropped by 111%, highlighting challenges in maintaining profitability.
Portfolio Expansion
The residential portfolio expanded by 3.5%, with the number of residential units increasing to 171,598 as of June 30, 2025. This growth supports the company's long-term revenue potential and market presence.
Rental Performance
In-place rent rose by 3.3% to €6.95 per sqm per month, while the EPRA vacancy rate decreased by 10 basis points to 2.7%. These metrics indicate a healthy demand for LEG Immobilien SE's properties and effective occupancy management.
Financial Stability
Equity increased by 4.9% to €7,756.2 million, and net debt rose by 5.3% to €9,223.5 million. The equity ratio slightly decreased by 20 basis points to 37.6%, maintaining the company's financial stability.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
5974 M
Market cap (USD)
176,272
Daily traded volume (Shares)
81.66 / 80.72
1 day high/low (USD)
52 weeks high/low (USD)
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