LEG Immobilien SE Financial Results FY 2023 | Earnings Soar & Strategic Wins with IR

LEG Immobilien SE FY 2023: Key Takeaways Executive Overview LEG Immobilien’s Stellar Performance in Fiscal Year 2023 In this presentation, Frank Kopfinger, Head of Investor Relations at LEG Immobilien SE, highlights the company’s outstanding performance during the fiscal year 2023. Despite challenges in the housing sector, LEG Immobilien SE not only navigated these successfully but also significantly exceeded financial forecasts through a strategic shift towards a cash-focused approach, leading to growth in Adjusted Funds From Operations (AFFO), an attractive dividend proposal, and a commitment to sustainability. Unveiling Financial Milestones Financial Achievements and Rent Growth Frank Kopfinger presented a series of financial accomplishments, notably a 66.5% increase in AFFO to EUR 181.2 million. This performance is a testament to the company’s disciplined cost management and strategic planning. The like-for-like rent increase of 4.0% demonstrates the company’s effective management of inflationary pressures, strengthening its position in the affordable housing segment. Strategic Dividends for Shareholders Generous Dividend Proposal A significant dividend proposal of EUR 2.45 per share was announced to reward shareholders for their loyalty and the company’s robust performance. This proposal aligns with the company’s revised dividend policy, aiming for a 100% payout of AFFO, pending approval at the upcoming Annual General Meeting in May. Solid Foundations & Future Outlook Sustainability Efforts and AFFO Forecast Highlighting sustainability, Frank Kopfinger reported a company’s carbon footprint reduction by approximately 4%, underscoring LEG’s commitment to climate protection. Looking ahead to 2024, he confidently forecasts an AFFO ranging from EUR 180 million to EUR 200 million, thanks to a strategy well-adapted to the challenges of higher interest rates. Operational Excellence & Market Resilience Operational Metrics and Financial Structure The presentation showcased key operational metrics, including a decrease in like-for-like vacancy rates to 2.4% and a solid financial foundation with a Loan to Value (LTV) ratio of 48.4%. These figures reflect the company’s operational efficiency and resilience in the market, indicating a stable and growth-oriented future. Commitment to Sustainability and Innovation Investments in Green Startups and Digitalization Frank emphasised LEG’s investment in sustainability and innovation, particularly through initiatives like termios, dekarbo, and RENOWATE. These investments contribute to the company’s sustainability objectives and enhance its tenants’ living experience, positioning LEG as a forward-thinking industry leader. ================================= ▶️ Other videos: Elevator Pitch: https://seat11a.com/investor-relations-elevator-pitch/ Company Presentation: https://seat11a.com/investor-relations-company-presentation/ Deep Dive Presentation: https://seat11a.com/investor-relations-deep-dive/ Financial Results Presentation: https://seat11a.com/investor-relations-financial-results/ ESG Presentation: https://seat11a.com/investor-relations-esg/ ================================= T&C This publication is for informational purposes only and does not constitute investment advice. By using this website, you agree to our terms and conditions outlined on www.seat11a.com/legal and www.seat11a.com/imprint.