LEG Immobilien Q1 AFFO Down 5.9%

Adjusted funds from operations (AFFO) fell 5.9% to €58.6 million in Q1 2026, with AFFO per share down 7.1% to €0.78.
Adjusted investments rose 17.4% YoY to €8.82 per sqm, while adjusted EBITDA grew 5.9% to €183.6 million and margin improved to 77.4%.
Net cold rent increased 3.3% to €237.1 million; like‑for‑like rental growth 3.7% and EPRA vacancy held at 2.4%.
Full‑year 2026 guidance reaffirmed: AFFO €220‑240 million, rental growth 3.8‑4.0%, adjusted EBITDA margin ~78%; cash €508 million, LTV 46.2%.