HAMBORNER REIT AG Reports Stable 2024 Business Performance

On April 17, 2025, HAMBORNER REIT AG published its 2024 annual financial report, confirming a stable business performance. Despite a challenging market environment, the company achieved a rental income increase of 2% to €93 million and posted funds from operations (FFO) of €51.6 million, marking a 5.6% decrease. The net asset value (NAV) per share declined by 2.3% to €9.79. Additionally, the REIT equity ratio was recorded at 55.2% and loan-to-value (LTV) at 43.7%.

HAMBORNER proposed a dividend of €0.48 per share, maintaining the previous year's level, which represents a yield of 7.8% based on current share value. The management suggests a future dividend strategy linked to 60%-70% of annual FFO. The firm reassures its 2025 forecast with expected rental income between €87.5 and €89 million.

Analysis presented in the report shows a slight 1.9% decrease in property values, yet operational stability is underscored by a high 97.2% occupancy rate. The projected strategy excludes new property acquisitions or sales due to market uncertainties.