DEMIRE closes the 2025 monetary yr in keeping with expectancies regardless of a difficult marketplace atmosphere
Apartment source of revenue of EUR 53.5 million (earlier yr: EUR 65.3 million) and FFO I of EUR 10.1 million (earlier yr: EUR 26.2 million) in keeping with expectationsSales of 9 houses producing proceeds of EUR 46.6 million, with two additional gross sales totalling EUR 17.5 million within the first quarter of 2026Guidance for 2026: condo source of revenue between EUR 41.5 million and EUR 43.5 million and FFO I between EUR -1.0 million and EUR 1.0 million
Langen, 19 March 2026. DEMIRE Deutsche Mittelstand Actual Property AG (ISIN: DE000A0XFSF0) has closed the 2025 monetary yr with a cast end result in keeping with the forecast revised upwards in December 2025, regardless of a consistently difficult financial atmosphere and a discounted portfolio.
Decrease condo source of revenue and FFO I are in keeping with expectancies
As anticipated, condo source of revenue of EUR 53.5 million was once generated within the 2025 monetary yr following assets gross sales (earlier yr: EUR 65.3 million). Because of this earnings falls inside the upwardly revised forecast vary of EUR 52.0 to 54.0 million revealed in August 2025. The FFO steerage from March 2025 (EUR 3.5 to five.5 million) was once maximum just lately higher in December 2025 to EUR 9.0 to 11.0 million, with FFO I (after tax, earlier than minority pursuits and hobby on shareholder loans) of EUR 10.1 million (earlier yr: EUR 26.2 million) within the 2025 monetary yr.
CEO Dr Dirk Rüffel: “Thanks to strong letting performance and an improved cost base, we were able to steer FFO towards the target we last raised in December. As the new CEO, my goal for 2026 is to unlock further efficiency potential and continue to drive value creation across the portfolio.”
Sure enlargement in EBIT and the sale of 11 houses
Profits earlier than hobby and taxes (EBIT) progressed within the 2025 monetary yr from EUR –93.0 million to EUR –34.9 million. As within the earlier yr, the ongoing damaging EBIT is essentially resulting from the honest price adjustment of the valuables portfolio amounting to EUR –58.8 million (earlier yr: EUR –58.7 million). This corresponds to a like-for-like write-down of four.6% at the portfolio price on the finish of 2024 (earlier yr: –4.0%). Because of this the decline in valuation is of a an identical magnitude to that of the former yr.
As at 31 December 2025, the DEMIRE portfolio had a marketplace price of EUR 688.3 million, in comparison with roughly EUR 779.3 million on the finish of 2024. This decline is essentially resulting from the sale of houses and market-related write-downs of the portfolio. 9 houses have been bought in 2025 for a complete of EUR 46.6 million and transferred to the consumers. Two additional houses adopted in 2026, reaching a complete sale value of EUR 17.5 million.
CIO Ralf Bongers commented: “Despite a market environment that remains challenging, we were able to successfully sell eleven properties in 2025 and early 2026. Thanks to our selective approach to property sales, we will be well placed to capitalise on any potential market recovery in 2026.”
The online asset price (NAV) fell from EUR 258.1 million on the finish of 2024 to EUR 168.1 million as at 31 December 2025. This corresponds to a decline consistent with percentage from EUR 2.45 to EUR 1.59.
Web debt ratio stays solid – considerably decrease administrative prices
The online debt ratio, as outlined within the bond phrases, remained nearly unchanged at 41.8% on the finish of 2025 (earlier yr: 40.9%). Administrative bills fell through 27.6% in comparison with the former yr to EUR 10.0 million. Financial institution loans totalling round EUR 77 million have been prolonged or newly agreed for 5 houses. In some circumstances, mortgage quantities have been additionally higher.
CFO Tim Brückner provides: “The optimisation of our group and cost structure, as well as the successful restructuring and expansion of our financing arrangements, clearly demonstrate the progress we have made in the 2025 financial year. This has enabled us to strengthen our organisational foundation and financial stability in the long term, and we are therefore well positioned for 2026.”
As anticipated, the valuables gross sales that experience taken position might be mirrored within the condo source of revenue for 2026, which is forecast to be between EUR 41.5 million and EUR 43.5 million. FFO I (after tax, earlier than minority pursuits and hobby on shareholder loans) is predicted to be between EUR -1.0 million and EUR 1.0 million. The decline in FFO I is essentially resulting from falling condo source of revenue.
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Invitation to a convention name on 19 March 2026
The DEMIRE Control Board invitations all events to a convention name on 19 March 2026 at 11:00 a.m. (CET) to give the effects for the 2025 monetary yr.
Please use the next registration hyperlink:
https://www.nuways-ag.com/occasions/fy-2025-earnings-call-hGrXbYr
A presentation of the effects and the reporting are to be had for obtain at the website online https://www.demire.ag/en/publications/
Decided on Team key figures for DEMIRE Deutsche Mittelstand Actual Property AG
Consolidated source of revenue observation (in EUR million)1 January 2025-31 December 20251 January 2024-31 December 2024Rental income53.565.3Profit from the condo of actual estate36.844.5EBIT-34.9-93.0Financial result-51.810.4Profit for the length after taxes-90.3-87.5FFO I (after taxes, earlier than minorities and hobby on shareholder mortgage)10.123.4Undiluted/diluted FFO I consistent with percentage (EUR)0.10/0.100.22/0.22 Consolidated steadiness sheet (in EUR million)31 December 202531 December 2024Balance sheet total849.2951.2Investment properties591.9724.7Cash and money equivalents54.244.8Properties held for sale103.576.7Equity (incl. non-controlling pursuits)219.3312.9Equity ratio (in % of overall property)17.825.4Undiluted/diluted NAV168.1/168.1258.1/258.1NAV consistent with percentage (EUR, undiluted/diluted)1.59/1.592.45/2.45Net monetary liabilities¹332.3371.1Net leverage ratio (Web-LTV) in %¹41.840.9 Portfolio key figures31 December 202531 December 2024Properties (quantity)4351Market price (in EUR million)688.3779.3Annualised contractual rents (in EUR million)51.356.4Rental yield (in %)7.57.2EPRA emptiness price (in %)²16.415.1WALT (in years)4.74.6¹according to bond phrases and conditions² excl. houses categorised as mission construction
About DEMIRE Deutsche Mittelstand Actual Property AG
DEMIRE Deutsche Mittelstand Actual Property AG acquires and holds industrial houses in medium-sized towns and up-and-coming peripheral places in metropolitan spaces all over Germany. The corporate’s explicit energy lies in realising actual property attainable in those places and makes a speciality of an providing this is horny to each world and regional tenants. As of 31 December 2025, DEMIRE had an actual property portfolio of 43 houses with a lettable house of round 537 thousand sq. metres. Bearing in mind the proportionately obtained Cielo assets in Frankfurt/Primary, the marketplace price quantities to round EUR 0.9 billion.
The portfolio’s focal point on place of job houses with an admixture of retail and lodge houses is suitable for the chance/go back construction of the economic assets section. The Corporate attaches nice significance to long-term contracts with solvent tenants and the realisation of attainable and due to this fact continues to be expecting solid and sustainable condo source of revenue and cast price enlargement. DEMIRE’s portfolio is to be considerably expanded within the medium time period. In increasing the portfolio, DEMIRE will focal point on FFO-strong property with attainable, whilst houses that don’t agree to the tactic will proceed to be bought in a centered way. DEMIRE will proceed to expand its operations and processes with a lot of measures. Along with price self-discipline, working efficiency is being progressed via an lively asset and portfolio control method.
The stocks of DEMIRE Deutsche Mittelstand Actual Property AG (ISIN: DE000A0XFSF0) are indexed within the Top Usual of the German Inventory Trade in Frankfurt.
