Frank Goffinger
Head of Investor Relations
Replay available
LEG Immobilien SE (LSE: 0QC9) Q4 2025 earnings conference call, held 2026-03-05. Replay captured from the company's public earnings webcast.

Head of Investor Relations
CEO
COO
CFO
Analyst, Bernstein
Analyst, Van Lanshaf Kempten
Analyst, Green Street
Analyst, Kepler-Cheuvreux
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WEBVTT 00:00:00.031 -- 00:00:05.658 Good morning everyone from Düsseldorf. Welcome to our call for our full year 2025 results 00:00:05.658 -- 00:00:08.181 and thank you for your participation. 00:00:08.181 -- 00:00:13.207 We have in the call our entire management team with our CEO Lars von Lackum, our 00:00:13.207 -- 00:00:18.133 CFO Katrin Kuehling, as well as our COO Volker Wiegel. 00:00:18.133 -- 00:00:23.139 You'll find the presentation document as well as the annual report and documents within 00:00:23.139 -- 00:00:28.163 the IR section of our homepage. Please note that there is also a disclaimer, 00:00:28.163 -- 00:00:31.508 which you'll find on page two of our presentation. 00:00:31.508 -- 00:00:34.853 And without further ado, I hand it over to you, Lars. 00:00:34.853 -- 00:00:39.419 Thank you, Frank. Good morning, everyone, and thank you for joining our analyst and investor 00:00:39.419 -- 00:00:44.887 call today. I am very proud to share that 2025 has been an outstanding 00:00:44.887 -- 00:00:49.854 year for us. We have delivered AFFO of 220.5 00:00:49.854 -- 00:00:55.313 million euros, marking a 10% increase, the highest level in our company's history. 00:00:55.313 -- 00:01:00.960 This performance is a clear reflection of our disciplined execution, our strong portfolio, 00:01:00.960 -- 00:01:06.307 and our willingness to capture opportunities like we did with BCP. 00:01:06.307 -- 00:01:12.031 Building on this success, we are proposing a dividend increase of 8% to €2.92 00:01:12.434 -- 00:01:17.120 per share. This reflects the full 100% payout 00:01:17.120 -- 00:01:22.246 of our AFFO, a strong signal of both cash generation as well as our 00:01:22.246 -- 00:01:26.790 financial health. We have also made solid progress on the balance sheet. 00:01:26.790 -- 00:...