HAMBORNER REIT AG Reports Stable Start to 2026

HAMBORNER REIT AG's first quarter of 2026 demonstrated stability in business performance. The company experienced a 1.9% drop in income from rents and leases, totaling €22.6 million, mainly due to previous property disposals. Despite this, funds from operations (FFO) only decreased by 1.6% to €11.7 million.

The company achieved a net asset value (NAV) per share increase of 2.2%, reaching €9.27. Moreover, HAMBORNER improved its loan-to-value ratio to 43.1%, reflecting a stronger financial position. The portfolio included 63 properties, with a total value of €1.341 billion, following the sale of a retail property in Ditzingen.

Operationally, the tenant retention rate remained high at 89%, and rental agreements extending over 5.2 years on average. With a positive outlook for 2026, the company projects rental income between €87.5 million and €89.5 million and an FFO of €38.0 million to €42.0 million.