Hamborner REIT AG (HABA) Earnings Call Transcripts

Hamborner REIT AG's Latest Earnings Call - Q1 FY2026

In Q1 2026, Hamborner REIT AG reported a slight decline in key financial metrics, with rental income falling 1.9% year-over-year to EUR 22.6 million and FFO decreasing 1.6% to EUR 11.7 million, or EUR 0.14 per share. The company maintained its full-year guidance for rental income between EUR 87.5 million and EUR 89.5 million and FFO between EUR 38 million and EUR 42 million, indicating stability despite recent property disposals. Management highlighted a resilient operating performance, with a low vacancy rate of 3.5% and a solid WALT of 5.2 years, which could support future growth prospects.

Reported metrics

Guidance from management

Management confirmed full-year guidance for rental income between EUR 87.5 million and EUR 89.5 million and FFO between EUR 38 million and EUR 42 million, maintaining a cautious outlook on financial performance.

What management said

Yes, Thomas, thanks for your question. Regarding the disposal plan for and the -- for the office properties. We -- yes, we anticipate a midterm perspective here. And if I say midterm, we are talking about, let's say, 4, 5 years, it might be run up to 6 years, but that's how we define midterm year for us. So we don't see ourselves to be in a hurry. We want to do it in a disciplined way. And obviously, it's also stro...

Yes. So I'd say it's around, let's say, around 4%, a bit a bit higher than 4%. If you look at the current swap rate on a 5-year term, for instance, obviously, it depends on for which term we fix the rate and what kind of assets we are talking about, et cetera, so all the influencing variables here. But that's yes, that's around the number, let's say, the high 3% and beginning 4%, let's say, between -- roughly betwe...

What analysts pressed on

Analysts expressed concerns regarding the impact of rising financing costs on future FFO, particularly in the second half of the year. There were also questions about the timeline for the office property disposals and how they would affect overall revenue and earnings.

Main topics on the call

• Revenue Decline — Hamborner REIT experienced a 1.9% decline in income from rents and leases, amounting to EUR 22.6 million, primarily due to property disposals. Management noted, "the 1.9% year-on-year decline came primarily due to proper...
• Stable Operating Performance — Despite the revenue decline, the company reported a resilient operating performance with a vacancy rate of 3.5% and a WALT of 5.2 years. Management stated, "the combination of sector diversification and the high stabilit...
• Cost Management — Operating expenses rose only 2.1%, attributed to the disposal of properties with higher nonrecoverable costs. Management emphasized their disciplined approach to managing costs, stating, "we will continue to act with hig...
• FFO Guidance Maintained — Management confirmed their FFO guidance for 2026 remains between EUR 38 million and EUR 42 million, despite concerns about rising financing costs in the second half. They noted, "we expect potential transactions to have ...

Read the full Hamborner REIT AG transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 23 Hamborner REIT AG earnings call transcripts on record, spanning February 5, 2020 to May 7, 2026. Based on this history, Hamborner REIT AG reports quarterly. The most recent call on file is dated May 7, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

HABA

Exchange

XTRA

Country

DE

Sector

Real Estate

Industry

Retail REITs

Calls on record

23

First call

February 5, 2020

Most recent

May 7, 2026

Reporting cadence

quarterly