Hamborner Reit Ag · XETR:HABA
Hamborner Reit — Q1 2025 Earnings Presentation
13 slides from Hamborner Reit's earnings presentation, May 8, 2025
Slide 1: Conference Call Q1 2025
Conference Call Q1 2025 8 May 2025 Office property ‚EUREF-Campus‘ Berlin
Slide 2: Key figures Q1 2025
Key figures Q1 2025 Key Figures Q1 2025 Q1 2024 Change From the income statement Income from rents and leases €23.0m €23.4m -1.7% Operating result €5.9m €7.7m -22.7% Period result €2.5m €4.7m n/a Key earnings figures Funds from Operations (FFO) €11.9m €14.0m -15.2% Funds from Operations (FFO) per sh
Slide 3: Rent development
Rent development Development of annualized rents (year-on-year) +€2.2m -€0.4m -€0.3m €91.2m €89.7m -0.5% -0.4% +2.4% Annualized rents Indexation Re-lettings/ Property Annualized rents 31 March 2024 Vacancy change disposals 31 March 2025 Rent development like-for-like (year-on-year)1 Asset class Tota
Slide 4: Funds from Operations (FFO)
Funds from Operations (FFO) in k€ Q1 2025 Q1 2024 Change Comments 1 Income from rents and leases 23,043 23,445 -1.7% ▪1 Slight decline due to postponement of Income from passed on costs 2,674 2,804 -4.6% generation of turnover rents to Q2 2025 (€0.3m) as well as disposal of Hamburg property Operatin
Slide 5: Recent disposals
Recent disposals 2024 2025 Hamburg Lübeck Osnabrück Asset class Office Retail (High-Street) Office Year of acquisition 2001 2016 2008 Leased area ~1,300 m2 ~13,500 m2 ~3.800 m2 Annualized rent ~€0.3m ~€2.3m ~€0.6m Recent fair value ~€5.8m ~€21.0m ~€6.5m Selling price ~€8.0m ~€20.9m ~€6.5m Transfer o
Slide 6: Portfolio key metrics as of 31 March 2025
Portfolio key metrics as of 31 March 2025 Asset class Total portfolio Investment approach Retail % Office % Split Core % Manage-to-Core1 % Number of properties 39 27 66 62 94.0% 4 6.0% Fair Value €823.7m 57.2% €617.3m 42.8% €1,441.0m €1,388.5m 96.4% €52.6m 3.7% Leased area 393,660 m² 63.3% 228,236 m
Slide 7: Tenant base
Tenant base Top-10 tenants (as of 31 March 2025) Sector distribution (as of 31 March 2025) Tenant Sector Rent1 Sector Rent1 EDEKA Group Food retail 13.6% Food 33.7% Kaufland Group Food retail 7.1% DIY 11.3% REWE Group Food retail / DIY 7.1% IT / Communication 10.3% OBI DIY 6.6% Finance / Insurance 7
Slide 8: Leasing situation
Leasing situation Weighted average lease expiry (as of 31 March 2025) Letting result Q1 2025 3,596m² 3,126 m² 86% 88% 6.9 years 470 m² 5.7 years 4.1 years 68% 32% 12% 14% New lettings Contract extensions Total Retail Office Total Retail Office 30,0% Lease expiry schedule (as of 31 March 2025; in % o
Slide 9: Financial situation
Financial situation Expiration Expirationofoffinancial financialliabilities liabilities (as(as of 31 of March 2025) 2021) 31 December 56.0% REIT equity ratio 18,0% 2025 16,0% 41.1% LTV 14,0% 12,0% 9.4x Net debt/EBITDA1 10,0% 16.5% 8,0% 16.0% 4.7x 13.9% 13.2% EBITDA/Interest coverage 6,0% 12.5% 12.1%
Slide 10: Outlook
Outlook Dividend 2024 Guidance 2025 Main influencing factors 2025 €0.48 €87.5m – €89.0m ▪ Recent property disposals (previous year: €0.48) (previous year: €93.0m) ▪ Timing and volume of potential property Dividend proposal Rental income acquisitions ▪ Expected increase in expenses for maintenance, a
Slide 11: Dividend strategy
Dividend strategy Dividend history Selected criteria for determining dividend amount Ø Payout ratio ~76% ▪ Business figures for the respective financial year 89% 96% 80% 69% 69% 68% 72% 75% 72% 76% − Overall development of operational and financial figures Proposal − FFO remains key influencing fact
Slide 12: 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 Datei:LinkedIn logo initials.png Head of Investor Relations, Financing www.hamborner.de & Corporate Communications info@ir.hamborner.de E-Mail: c.he
Slide 13: Disclaimer
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