on HAMBORNER REIT AG (isin : DE000A3H2333)
HAMBORNER REIT AG Records Stable Progress in Q3 2024
HAMBORNER REIT AG has reported consistent business development in the third quarter of 2024. The company achieved rental income of EUR 69.8 million, marking a 2.8% year-on-year increase. This growth can be attributed to previous property acquisitions and index-linked rent adjustments. However, funds from operations (FFO) experienced a slight 1.0% decline to EUR 41.8 million, attributed to increased maintenance and personnel expenses.
The REIT maintains a strong financial position, with a 54.9% equity ratio, and the loan-to-value ratio at 44.4% as of September 30, 2024. The property portfolio remained stable with 67 assets, though net asset value per share dipped by 1.1% to EUR 9.91. A notable transaction included the sale of an office property in Hamburg for EUR 8.0 million, reflecting a 27% premium over its previous valuation.
The company has refined its full-year forecast, projecting rental income between EUR 92 million and EUR 93 million, and an operating result of EUR 50 million to EUR 51 million.
R. P.
Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all HAMBORNER REIT AG news