Branicks Group AG / DE000A1X3XX4
27.08.2025 - 07:00:14Branicks Group AG: Strong operating business, consolidation in track and significantly improved consolidated earnings in the first half of the financial year
Branicks Group AG / Key word(s): Half Year Results/Real Estate 27.08.2025 / 07:00 CET/CEST The issuer is solely responsible for the content of this announcement. Frankfurt am Main, August 27, 2025 Press release of the Branicks Group AG Branicks Group AG: Strong operating business, consolidation on track and significantly improved consolidated earnings in the first half of the financial year Significantly improved consolidated earnings 214,700 sqm of total rental performance Fully on track with transactions, with 10 certified sales Repayment of €225 million in promissory note loans in the first half of the year 2025 forecast confirmed Frankfurt, 27 August 2025 – Branicks Group AG (Branicks), ISIN: DE000A1X3XX4, continued its financial consolidation as planned in the first half of the 2025 financial year with successful operating business and significantly improved its consolidated earnings. Despite ongoing high levels of uncertainty in the market due to geopolitical and trade policy issues as well as unstable regulation, Branicks successfully completed the first half of the 2025 financial year in operational terms and continued the consolidation of the company as planned. All promissory note loans due in 2025 were repaid, of which €225 million in the first half of the year and a further €68 million in July 2025. Consolidated net income improved significantly to €-23.4 million compared to the loss of €-131.5 million in the first half of the previous year. The forecast for 2025 is confirmed. Sonja Wärntges, CEO of Branicks Group AG, comments: ‘In the first half of our 2025 financial year, we were fully on track with our rentals, transactions, further consolidation and earnings improvement. Our expertise and the motivation of our team are major and reliable strengths. We are implementing what we have set out to do.’ Milestones as of 30 June 2025 Assets under management, defined as the sum of the existing portfolio and assets managed by Branicks as part of its institutional business, amounted to €11.1 billion as of 30 June 2025 (31 December 2024: €11.6 billion). In the gradually recovering transaction market, the Branicks Group was able to record 10 sales from its commercial portfolio as an active market participant. In the first half of 2025, the company generated FFO I earnings (after minority interests, before taxes) of €22.7 million, a significant increase on the previous year (6M 2024: €19.4 million). Letting performance – like-for-like rental growth In the two major asset classes of logistics and office, the letting business developed successfully in the first half of 2025 with dynamic letting performance. Total rental performance in the first half of the year amounted to 214,700 sqm (6M 2024: 180,900 sqm), of which 104,000 sqm was attributable to new leases and 110,700 sqm to the renewal of existing contracts. The letting performance of 214,700 sqm corresponds to an annualised rent of €30.7 million. Annualised rental income increased by 0.9% like-for-like across the entire portfolio as of 30 June 2025 (30 June 2024: +2.0%), by 1.0% in the commercial portfolio and by 0.9% in the institutional business. Significant decline in interest expenses and OPEX Interest expenses fell by more than a third to €42.0 million in the first half of 2025 (6M 2024: €63.5 million). The Group's operating costs in the first half of 2025 were 14.3% below the previous year at €28.2 million (6M 2024: €32.9 million). Commercial Portfolio The market value of the commercial portfolio amounted to approximately €2.7 billion as of 30 June 2025 (31 December 2024: €2.8 billion). Gross rental income from the commercial portfolio declined to EUR 72.3 million in the first half of 2025 (6M 2024: EUR 89.1 million) due to sales. Net rental income amounted to EUR 63.4 million in the first half of 2025 (6M 2024: EUR 77.1 million). The EPRA vacancy rate as of 30 June 2025 was 8.3% (31 December 2024: 7.4%). The green building ratio in the commercial portfolio remained virtually unchanged at 52.5%. Institutional Business Assets under management in the Institutional Business amounted to €8.4 billion as of 30 June 2025 (6M 2024: €8.9 billion). The decline is primarily attributable to the termination of the VIB Retail Balance I mandate. Balance sheet and real estate assets The real estate assets of Branicks Group AG had a book value of €2,534.3 million in the commercial portfolio as of 30 June 2025 (31 December 2024: €2,663.6 million). The net asset value (NAV) as of 30 June 2025 was EUR 844.6 million (31 December 2024: EUR 857.9 million) or EUR 10.11 per share (31 December 2024: EUR 10.27 per share). Adjusted net asset value (adjusted NAV), adjusted for the full value of the Institutional Business division, amounted to €1,035.6 million or €12.39 per share as of 30 June 2025 (31 December 2024: €1,048.9 million or €12.55 per share). Forecast for 2025 confirmed The forecast from April 2025 for the 2025 financial year is confirmed. Remaining focus on returning to positive net income and consolidation Branicks is consistently driving forward its transformation into a profitable, value-adding asset expert. The strategic focus is on further reducing debt as planned and continuously lowering the LTV. Branicks plans to return to net profit by the end of 2026 in a recovering transaction market. Invitation to the conference call on August 27, 2025 The Board of Directors of Branicks Group AG invites you to the presentation of the results for the first six months of 2025 today, 27 August 2025, at 10:00 a.m. CET. To participate in the conference call, please register at: https://webcast.meetyoo.de/reg/JQbXjhf8mMnJ The webcast (incl. replay) can be accessed via the following link: https://www.webcast-eqs.com/branicks-2025-q2 About Branicks Group AG: Branicks Group AG (formerly DIC Asset AG) is a leading German listed specialist for office and logistics real estate as well as renewable assets with over 25 years of experience in the real estate market and access to a broad investor network. Our basis is the national and regional real estate platform with nine offices in the ground in all major German markets (including VIB Vermögen AG). As of June 30, 2025, we managed properties with a market value of EUR 11.1 billion in the Commercial Portfolio and Institutional Business segments. The Commercial Portfolio segment comprises real estate held for our own account. Here, we generate cash flows from stable rent revenues on long-term leases while also optimizing the value of our portfolio assets through active management and realizing gains from sales. In the Institutional Business segment, we earn recurrent fees from real estate services we provide to national and international institutional investors by structuring and managing investment products that return attractive dividend yields. The shares of Branicks Group AG are listed in the Prime Standard of the German Stock Exchange (WKN: A1X3XX / ISIN: DE000A1X3XX4). The company is fully committed to sustainability and occupies top positions in ESG-relevant ratings such as Morningstar Sustainalytics and S&P Global CSA. The Branicks Group is also a signatory to the UN Global Compact and the UN PRI network. Properties in the Branicks portfolio have been awarded renowned sustainability certificates such as DGNB, LEED or BREEAM. For more details, go to www.branicks.com PR Contact Branicks Group AG: Stephan Heimbach Neue Mainzer Strasse 32-36 D-60311 Frankfurt am Main Phone +49 69 9454858-1569 pr@branicks.com IR Contact Branicks Group AG: Jasmin Dentz Neue Mainzer Strasse 32-36 D-60311 Frankfurt am Main Phone +49 69 9454858-1492 ir@branicks.com The Branicks Group AG at a glance
2 Adjusted for warehousing 3 Figures per share (number of shares 30.06.2025: 83,565,510 / 31.12.2024: 83,565,510) 4 incl. full value of the in Institutional Business 27.08.2025 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group. The issuer is solely responsible for the content of this announcement. The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com |
Language: | English |
Company: | Branicks Group AG |
Neue Mainzer Straße 32-36 | |
60311 Frankfurt am Main | |
Germany | |
Phone: | +49 69 9454858-1492 |
Fax: | +49 69 9454858-9399 |
E-mail: | ir@branicks.com |
Internet: | www.branicks.com |
ISIN: | DE000A1X3XX4, DE000A12T648, DE000A2GSCV5, DE000A2NBZG9 |
WKN: | A1X3XX, A12T64, A2GSCV, A2NBZG |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange |
EQS News ID: | 2188764 |
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