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LEG Immobilien | Frank Kopfinger, IR

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Presentation

Chapters

00:00 Portfolio Overview

05:00 Yield Development
06:53 Risk / Return Profile
09:16 Residential Replacement Cost
10:39 Financial Profile
11:49 Guidance 2020 & 2021
14:59 ESG Profile

Attachments

LEG Immobilien AG

Hans-Boeckler-Strasse 38
40476 Duesseldorf

Germany


phone +49 211 4568 0

Company Profile

Here at LEG, we provide around 400,000 people with a place to live. 

With our slogan ‘gewohnt gut’ we offer our tenants a comprehensive service program with numerous events and services. Our aim is to make life in our apartments as pleasant as possible for our clients.

With about 145,000 rented apartments, LEG is one of Germany’s leading real estate companies. 

Our Group employs a staff of around 1400 employees and achieved sales worth € 809,4m in the 2019 Fiscal Year.

 

PORTFOLIO

The LEG Group, a property Company focussed on the residential market, operates in the attractive business sector of North Rhine-Westphalia’s economically strong market. 

The state of NRW is particularly characterised by growth in one- and two-person households. 


The Group’s portfolio caters to the increasing demand for attractive and affordable housing. LEG’s range of properties, which have an average apartment size of 64 square metres, is of particular interest to the growing number of smaller households. 


At the same time, the regional focus of ist Portfolio gives LEG a sustainable competitive edge in terms of property management, operating efficiency and market knowledge.


The LEG Group has a balanced portfolio in different sub-markets: 

markets with strong growth, stable markets with attractive returns and markets with high returns. 

In this highly fragmented market, LEG can boast broad-based market penetration as well as management and acquisition experience in almost all local sub-markets. 

Focusing on added value the LEG Group continuously invests in the maintenance and modernisation of its housing stock.


The successful performance of the LEG Group and the attractiveness of its portfolio are underpinned by the high occupancy rates of around 97%. In light of the high customer satisfaction, which is reflected in a long tenancy period averaging around 11 years, the LEG Group wins over customers with good service and attractive prices.

 

FINANCIAL STRENGTH

In addition to an attractive portfolio and an in-depth knowledge of the market in North Rhine-Westphalia, LEG also demonstrates impressive financial strength. 

The LTV of 40,7% and the equity ratio of 42,7% as of 31 December 2018 validate the good balance of property values, equity and debt. 

The average loan term of 8 years, with an average interest rate of 1,6% and interest rate hedging of approximately 91% is indicative of LEG’s low-risk business model.

Featuring

Frank Kopfinger, CFA
Head of Investor Relations & Strategy | LEG AG
Sanjay Oberoi
CEO & Founder | seat11a.com​

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