LEG Immobilien SE (OTCPK:LEGIF)
$ 84.064 0 (0%) Market Cap: 5.86 Bil Enterprise Value: 15.26 Bil PE Ratio: 0 PB Ratio: 0.78 GF Score: 67/100
Back to the Transcripts List

Q3 2024 LEG Immobilien SE Earnings Call Transcript

Nov 8, 2024 / 09:00 AM GMT
Release Date Price: $91.7

Key Points

Positve
  • LEG Immobilien SE (LEGIF) reported a strong 3.2% like-for-like rental growth for its full portfolio, aligning with its guidance range.
  • The company confirmed its 2024 A FFO guidance, expecting an increase of around 10% for A FFO per share.
  • LEG Immobilien SE (LEGIF) announced the acquisition of the remaining shares in BRC Capital Partners, which is expected to be neutral to A FFO per share midterm.
  • The company has made significant progress in its capital recycling strategy, signing 3,400 units for a value of EUR330 million.
  • LEG Immobilien SE (LEGIF) maintains a strong financial profile with a low average cash financing cost of 1.6% and a liquidity position of over EUR860 million.
Negative
  • The company faces higher personal costs and administrative expenses due to the complex corporate structure of BRC Capital Partners.
  • There is an expected increase in CapEx levels for BRC Capital Partners, which may impact A FFO contribution in the short term.
  • The rental break regulation could potentially impact 18% of LEG Immobilien SE (LEGIF)'s free finance portfolio, though the overall effect is expected to be small.
  • The company reported a decline in adjusted EBITDA by 3.1% due to lower contributions from green electricity production.
  • LEG Immobilien SE (LEGIF) has not conducted a valuation of its real estate portfolio for the nine-month report, maintaining figures from H1 2024.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

LEGn.DE - LEG Immobilien SE
Q3 2024 LEG Immobilien SE Earnings Call
Nov 08, 2024 / 09:00AM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Good morning, everyone from Dudo.

Welcome to our nine months, 2024 results call and thank you for your participation. We happen to call our entire team with our CEO LV LAUM, our CFO Kathrine King, as well as our COO.

You'll find the presentation document as well as the quarterly report within the IR section of our homepage.

Please note that there is also a disclaimer which you'll find on page 3 of our presentation and without further ado I hand it over to you.

--------------------------------------------------------------------------------
Unidentified_2 [2]
--------------------------------------------------------------------------------
Thank you, Frank, a very good morning to all of you
Already have an account? Log in
Get the full story
Start 7-Day Free Trial
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot
Research Tools
All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board
Product
Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App 中文
Education
Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation
Company
About GuruFocus Career Contact Us Advertise Site Map Term of Use Privacy Policy Referral Program Partner Program
Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey
Follow Us
download GuruFocus on Apple store download GuruFocus on Google Play
Disclaimers
GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.
© 2004-2025 GuruFocus.com, LLC. All Rights Reserved.