Hamborner Reit Ag · XETR:HABA
Hamborner Reit — Q1 2023 Earnings Presentation
12 slides from Hamborner Reit's earnings presentation, Apr 25, 2023
Slide 1: Conference Call Q1 2023
Conference Call Q1 2023 Niclas Karoff Sarah Verheyen 25 April 2023 Office property ‚EUREF-Campus‘ Berlin
Slide 2: Key figures Q1 2023
Key figures Q1 2023 €22.2m €13.6m €0.17 Rental income FFO FFO per share €12.03 3.3% NAV per share EPRA vacancy rate 6.5 years 60.4% WALT REIT equity ratio 38.2% 9.7x LTV Net debt/EBITDA(1) (1) Net financial debt (average last five quarters) in relation to EBITDA adjusted by result from sales (last t
Slide 3: Funds from operations (FFO)
Funds from operations (FFO) in k€ Q1 2023 Q1 2022 Change Comments 1 Income from rents and leases 22,160 20,849 +6.3% ▪1 Income from rents and leases positively affected Income from passed on costs 3,694 3,421 by rent increases from property additions as +8.0% well as by indexation effects Operating
Slide 4: Financial situation
Financial situation Expiration of financial liabilities (as (asofof3131March December 2023) 2021) 60.4% REIT equity ratio 38.2% LTV 1.7% 9.7x Net debt/EBITDA(1) 4.4x 20.2% EBITDA/Interest coverage 16.2% 13.2% 12.7% 12.2% €715.8m 8.2% 7.3% Financial liabilities(2) 2.5% 2.8% 3.0% 1.8% 2023 2024 2025 2
Slide 5: Manage-to-Core property Mainz
Manage-to-Core property Mainz Mainz Purchase 2021 New lease 2023 Leased area 7,748 m2 Accomodation Asset type Office for refugees WALT approx. 3.0 years approx. 4.8 years Tenant Professional association City of Mainz Fair value +21.5%(1) (1) Compared to original purchase price; based on year-end rev
Slide 6: Portfolio key metrics as of 31 March 2023
Portfolio key metrics as of 31 March 2023 Asset class Total portfolio Investment approach Retail Office Split Core % Manage-to-Core % Number of properties 38 28 66 63 95.5% 3 4.5% Fair Value €881.7m €727.5m €1,609.2m €1,537.6m 95.5% €71.6m 4.5% Leased area 381,729 m² 229,609 m² 611,339 m² 584,139 m²
Slide 7: Rent development year on year
Rent development year on year Development of annualized rents year on year €3.9m -€0.7m -€1.5m €86.5m €1.6m -0.8% €83.2m -1.8% +4.7% +1.9% Annualized rents Acquisitions Indexation Re-lettings/ Disposals Annualized rents 31 March 2022 Vacancy change 31 March 2023 Rent development like-for-like/year-o
Slide 8: Leasing situation
Leasing situation Weighted average lease expiry (as of 31 March 2023) Letting result Q1 2023 23,217 m² 14,386 m² 75% 8,831 m² 59% 99.9% 0.1% 7.5 years 41% 25% 5.2 years 6.5 years New lettings Contract extensions Total Retail Office Total Retail Office 30,0% Lease expiry schedule (as of 31 March 2023
Slide 9: Tenant base
Tenant base Top-10 tenants (as of 31 March 2023) Sector distribution (as of 31 March 2023) Tenant Sector Rent(1) Sector Rent(1) EDEKA Food retail 11.6% Food 31.6% Kaufland Food retail 7.5% DIY 11.9% REWE Food retail 7.1% IT/Communication 10.8% OBI DIY 6.9% Finance/Insurance 7.5% Globus DIY / Food re
Slide 10: Outlook
Outlook Dividend €0.47 per share ~75% Dividend proposal for 2022 2022 FFO payout ratio Guidance 2023 Slightly below €88.0 – 89.5m €50.0m – €52.0m previous year‘s level Rental income FFO NAV per share 10
Slide 11: Contact
Contact Niclas Karoff Sarah Verheyen CEO/CFO COO/CIO E-Mail: n.karoff@hamborner.de E-Mail: s.verheyen@hamborner.de Christoph Heitmann HAMBORNER REIT AG Head of IR & PR www.hamborner.de info@ir.hamborner.de E-Mail: c.heitmann@hamborner.de +49 (0)203/54405-32 11
Slide 12: This presentation has been prepared and/or issued by HAMBORNER REIT AG (hereinafter "HAMBORNER") solely
This presentation has been prepared and/or issued by HAMBORNER REIT AG (hereinafter "HAMBORNER") solely for information purposes. This presentation may contain statements, assumptions, opinions and predictions about the anticipated future development of HAMBORNER ("forward-looking statements") that