Cash flow LEG Immobilien SE

Stocks

LEG

DE000LEG1110

Real Estate Development & Operations

Market Closed - Xetra Other stock markets 16:35:29 15/07/2026 BST			5-day change	1st Jan Change
52.40 ^EUR	0.00%		-6.76%	-15.82%

07-10	Housing construction keeps getting more expensive: prices jump sharply	DP
07-09	Left Party: 10,000 tenants alert authorities via 'price-gouging app'	DP

b1.wayBpV1TpUq6PPIH_juOD0-ZQtNM2KtG91LLvyhC4bY.lcfG6QkL0D3JfblWu1b_OX7AMecKitwkgRSMyW4I0vem4-fPPDjGIZdonQ

Published financial data: LEG IMMOBILIEN SE

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Rental Revenues	960M	1.15B	1.24B	1.3B	1.38B
Other Revenues, Total	47M	79.8M	129M	271M	196M
Total Revenues	1.01B	1.23B	1.37B	1.57B	1.57B
Property Expenses	473M	609M	746M	941M	908M
Selling General & Admin Expenses, Total	40.2M	43.8M	51.2M	59.3M	57.2M
Other Operating Expenses	-100K	-100K	-300K	-100K	-700K
Total Operating Expenses	514M	652M	797M	1B	965M
Operating Income (REIT / Utility Template)	494M	577M	572M	574M	609M
Interest Expense, Total	-122M	-143M	-165M	-197M	-220M
Interest and Investment Income	7.7M	2.5M	55.9M	23.6M	33.4M
Net Interest Expenses	-114M	-140M	-109M	-173M	-186M
Other Non Operating Income (Expenses)	-2.3M	122M	-8.6M	3.4M	38.5M
EBT, Excl. Unusual Items	378M	558M	455M	404M	461M
Total Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-294M	-	-	-
Gain (Loss) on Sale of Investments	-	-101M	-	-33M	-
Gain (Loss) on Sale of Assets	-	-	-	-	98.5M
Asset Writedown	1.86B	382M	-2.42B	-225M	569M
Other Unusual Items	-103M	-37M	-14.1M	-23.1M	-32.1M
EBT, Incl. Unusual Items	2.14B	508M	-1.98B	123M	1.1B
Income Tax Expense	414M	271M	-418M	53.9M	-365M
Earnings From Continuing Operations	1.72B	237M	-1.56B	68.9M	1.46B
Net Income to Company	1.72B	237M	-1.56B	68.9M	1.46B
Minority Interest	-3.1M	-3.4M	-3.9M	-2.9M	-3.1M
Net Income - (IS)	1.72B	234M	-1.57B	66M	1.46B
Net Income to Common Incl Extra Items	1.72B	234M	-1.57B	66M	1.46B
Net Income to Common Excl. Extra Items	1.72B	234M	-1.57B	66M	1.46B
Per Share Items
Net EPS - Basic	23.75	3.18	-21.17	0.89	19.44
Basic EPS - Continuing Operations	23.75	3.18	-21.17	0.89	19.44
Basic Weighted Average Shares Outstanding	72.48M	73.51M	74.11M	74.3M	75.02M
Net EPS - Diluted	21.72	1.45	-21.17	0.88	16.9
Diluted EPS - Continuing Operations	21.72	1.45	-21.17	0.88	16.9
Diluted Weighted Average Shares Outstanding	79.51M	80.62M	74.11M	82.92M	84.79M
Normalized Basic EPS	3.21	4.7	3.78	3.36	3.8
Normalized Diluted EPS	2.93	4.28	3.78	3.01	3.36
Dividend Per Share	4.07	-	2.45	2.7	2.92
Payout Ratio	10.78	78.33	-	232.12	8.55
Supplemental Items
EBITDA	504M	590M	583M	588M	625M
EBITA	495M	578M	574M	574M	612M
EBIT	494M	577M	572M	574M	609M
EBITDAR	505M	590M	583M	589M	625M
Effective Tax Rate - (Ratio)	19.36	53.27	21.06	43.89	-33.27
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	4.5M	-1.3M	6.2M	2.4M	8.4M
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	410M	272M	-424M	51.5M	-373M
Normalized Net Income	233M	345M	280M	250M	285M
Interest on Long-Term Debt	22.4M	24.7M	22.4M	35M	32.9M
Non-Cash Pension Expense	600K	1.2M	3.7M	3.3M	3.4M
Supplemental Operating Expense Items
Advertising Expense	800K	500K	300K	400K	600K
Selling and Marketing Expenses	800K	500K	300K	400K	600K
General and Administrative Expenses	39.4M	43.3M	50.9M	58.9M	56.6M
Net Rental Expense, Total	600K	300K	600K	600K	500K
Imputed Operating Lease Interest Expense	79.19K	37.41K	83.87K	98.62K	88.07K
Imputed Operating Lease Depreciation	521K	263K	516K	501K	412K
Maintenance & Repair Expenses, Total	65.7M	57.1M	99.3M	106M	113M
Stock-Based Comp., Other (Total)	1.1M	600K	6.21M	4.03M	-
Total Stock-Based Compensation	1.1M	600K	6.21M	4.03M	-

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Gross Property Plant And Equipment	180M	-	260M	313M	334M
Accumulated Depreciation	-91.5M	-	-120M	-135M	-152M
Net Property Plant And Equipment	88.8M	148M	140M	177M	182M
Total Real Estate Assets	88.8M	148M	140M	177M	182M
Cash And Equivalents	676M	362M	278M	307M	756M
Accounts Receivable, Total	23.3M	35.1M	45.7M	40.9M	168M
Other Receivables	129M	139M	237M	718M	47.1M
Investment In Debt and Equity Securities	111M	338M	355M	300M	9.1M
Goodwill	371M	-	0	0	0
Other Intangibles, Total	3.9M	5.8M	5M	6.2M	5.6M
Other Current Assets, Total	39.9M	40.6M	82.7M	146M	72.2M
Deferred Tax Assets Long-Term (Collected)	9.1M	13.2M	39.7M	12.3M	9.9M
Other Long-Term Assets, Total	19.1B	20.28B	18.12B	17.88B	19.78B
Total Assets	20.55B	21.36B	19.3B	19.59B	21.03B
Liabilities
Current Portion of Long-Term Debt	1.51B	244M	438M	1.91B	2.33B
Current Portion of Leases	9.9M	8.3M	32.4M	46.6M	46.9M
Long-Term Debt	7.26B	9.1B	8.83B	7.66B	7.68B
Long-Term Leases	107M	105M	104M	133M	134M
Accrued Expenses, Total	25.1M	13M	14.7M	6.8M	6.7M
Current Income Taxes Payable	200K	200K	-	8.3M	11.5M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	355M	312M	290M	303M	257M
Pension & Other Post Retirement Benefits	143M	100M	102M	96M	87.4M
Deferred Tax Liability Non-Current	1.99B	2.32B	1.92B	1.94B	1.63B
Other Non Current Liabilities	207M	71M	93M	80.5M	90.9M
Total Liabilities	11.6B	12.28B	11.82B	12.19B	12.27B
Common Stock, Total	72.8M	74.1M	74.1M	74.5M	75.6M
Retained Earnings	7.27B	7.21B	6.14B	6.03B	7.27B
Comprehensive Income and Other	1.58B	1.77B	1.25B	1.27B	1.35B
Total Common Equity	8.93B	9.06B	7.46B	7.37B	8.69B
Minority Interest	25.1M	25.3M	25M	25M	65M
Total Equity	8.95B	9.08B	7.49B	7.4B	8.76B
Total Liabilities And Equity	20.55B	21.36B	19.3B	19.59B	21.03B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	72.84M	74.11M	74.11M	74.47M	75.57M
ECS Total Common Shares Outstanding	72.84M	74.11M	74.11M	74.47M	75.57M
Book Value / Share	122.57	122.23	100.71	98.99	115.04
Tangible Book Value	8.55B	9.05B	7.46B	7.37B	8.69B
Tangible Book Value Per Share	117.43	122.15	100.64	98.9	114.97
Total Debt	8.89B	9.46B	9.4B	9.76B	10.19B
Net Debt	8.21B	9.1B	9.12B	9.45B	9.44B
Debt Equivalent of Unfunded Proj. Benefit Obligation	150M	107M	109M	103M	94.1M
Debt Equivalent Oper. Leases	4.8M	2.4M	4.8M	4.8M	4M
Minority Interest, Total (Incl. Fin. Div)	25.1M	25.3M	25M	25M	65M
Equity Method Investments, Total	10.6M	12.9M	14M	23.6M	189M
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	42.4M	-	103M	108M	107M
Machinery, Total	134M	-	157M	205M	226M
Full Time Employees	1.77K	1.75K	1.75K	1.95K	1.94K
Part Time Employees	-	290	251	-	-
Assets under Capital Lease - Gross	4.4M	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	20.9M	28.4M	37.3M	42.1M	37.1M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	1.72B	234M	-1.57B	66M	1.46B
Depreciation, Depletion & Amortization	17.4M	19.6M	15.9M	21.5M	20.5M
Amortization of Goodwill and Intangible Assets - (CF)	700K	1M	1.3M	-	2.9M
Total Depreciation, Depletion & Amortization	18.1M	20.6M	17.2M	21.5M	23.4M
(Gain) Loss On Sale of Asset - (CF)	-	400K	2.8M	1.7M	1.7M
Total Asset Writedown	-1.86B	-88.6M	2.42B	225M	-569M
(Income) Loss On Equity Investments - (CF)	-	-	-	8.8M	10.5M
Change in Accounts Receivable	-30.7M	-68.1M	-37.4M	-4.1M	61M
Change in Other Net Operating Assets (Collected)	52.5M	-14.3M	17.8M	-16.2M	-71.2M
Other Operating Activities	456M	305M	-407M	134M	-452M
Cash from Operations	354M	389M	448M	436M	462M
Acquisition of Real Estate Assets, Total	-1.36B	-826M	-403M	-326M	-297M
Sale of Real Estate Assets, Total	37.2M	39.8M	84.7M	204M	134M
Net Sale / Acquisition of Real Estate Assets	-1.32B	-786M	-318M	-122M	-163M
Cash Acquisitions	-1.28B	-9.2M	-15.9M	-3.5M	-166M
Divestitures	-	-	-	-200K	15M
Purchase / Sale of Intangible Assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-145M	-263M	-87.7M	-479M	547M
Cash from Investing	-2.75B	-1.06B	-422M	-604M	233M
Long-Term Debt Issued, Total	3.18B	1.99B	699M	995M	877M
Total Debt Issued	3.18B	1.99B	699M	995M	877M
Long-Term Debt Repaid, Total	-250M	-1.45B	-803M	-628M	-976M
Total Debt Repaid	-250M	-1.45B	-803M	-628M	-976M
Issuance of Common Stock	-	-	-	-	-
Common Dividends Paid	-186M	-183M	-	-153M	-125M
Common & Preferred Stock Dividends Paid	-186M	-183M	-	-153M	-125M
Other Financing Activities, Total	-1.7M	-4.4M	-7.5M	-16.9M	-22.3M
Cash from Financing	2.74B	356M	-111M	197M	-246M
Net Change in Cash	340M	-313M	-84.7M	29.4M	450M
Supplemental Items
Cash Interest Paid	86.7M	114M	141M	160M	166M
Cash Income Tax Paid (Refund)	4M	10.5M	3M	2.5M	2.7M
Net Debt Issued / Repaid	2.93B	544M	-104M	367M	-98.7M
Levered Free Cash Flow	166M	217M	131M	-267M	842M
Unlevered Free Cash Flow	242M	307M	234M	-144M	979M
Change In Net Working Capital	85.6M	74.9M	147M	529M	-575M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	1.72	1.72	1.76	1.84	1.87
Return on Total Capital	1.99	1.98	2.02	2.11	2.11
Return On Equity %	21.11	2.63	-18.88	0.93	18.09
Return on Common Equity	21.13	2.6	-18.99	0.89	18.15
Margin Analysis
Gross Profit Margin %	53.01	50.48	45.5	40.23	42.29
SG&A Margin	3.99	3.56	3.74	3.77	3.63
EBITDA Margin %	50.04	47.97	42.55	37.37	39.71
EBITA Margin %	49.1	47.01	41.88	36.47	38.88
EBIT Margin %	49.03	46.92	41.78	36.47	38.69
Income From Continuing Operations Margin %	171.2	19.31	-114.24	4.38	92.86
Net Income Margin %	170.9	19.04	-114.53	4.19	92.67
Net Avail. For Common Margin %	170.9	19.04	-114.53	4.19	92.67
Normalized Net Income Margin	23.12	28.09	20.46	15.86	18.12
Levered Free Cash Flow Margin	16.5	17.69	9.56	-16.98	53.52
Unlevered Free Cash Flow Margin	24.05	24.96	17.09	-9.17	62.24
Asset Turnover
Asset Turnover	0.06	0.06	0.07	0.08	0.08
Fixed Assets Turnover	11.51	10.51	9.53	9.93	8.76
Receivables Turnover (Average Receivables)	47.31	39.36	30.72	30.1	3.05
Inventory Turnover (Average Inventory)	93.74	154.1	152.35	192.02	183.47
Short Term Liquidity
Current Ratio	0.46	1	0.83	0.53	0.39
Quick Ratio	0.44	0.93	0.72	0.47	0.37
Operating Cash Flow to Current Liabilities	0.19	0.67	0.58	0.19	0.17
Days Sales Outstanding (Average Receivables)	7.72	9.27	11.88	12.16	119.59
Days Outstanding Inventory (Average Inventory)	3.89	2.37	2.4	1.91	1.99
Long Term Solvency
Total Debt/Equity	99.24	104.15	125.54	131.89	116.37
Total Debt / Total Capital	49.81	51.02	55.66	56.88	53.78
LT Debt/Equity	82.29	101.37	119.26	105.41	89.2
Long-Term Debt / Total Capital	41.3	49.66	52.87	45.46	41.22
Total Liabilities / Total Assets	56.44	57.47	61.21	62.23	58.35
EBIT / Interest Expense	4.06	4.03	3.47	2.92	2.77
EBITDA / Interest Expense	4.21	4.18	3.57	3.03	2.88
(EBITDA - Capex) / Interest Expense	4.21	4.18	3.57	3.03	2.88
Total Debt / EBITDA	17.35	15.84	15.95	16.38	16.12
Net Debt / EBITDA	16.03	15.23	15.48	15.87	14.92
Total Debt / (EBITDA - Capex)	17.35	15.84	15.95	16.38	16.12
Net Debt / (EBITDA - Capex)	16.03	15.23	15.48	15.87	14.92
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	9.32	22.02	11.43	14.92	-0.03
Gross Profit, 1 Yr. Growth %	10.31	16.2	0.44	1.6	5.09
EBITDA, 1 Yr. Growth %	10.19	16.98	-1.17	0.93	6.24
EBITA, 1 Yr. Growth %	10.48	16.82	-0.73	0.3	5.9
EBIT, 1 Yr. Growth %	10.49	16.78	-0.78	0.3	6.08
Earnings From Cont. Operations, 1 Yr. Growth %	26.4	-86.24	-759.14	-104.4	2.02K
Net Income, 1 Yr. Growth %	26.48	-86.41	-770.38	-104.21	2.11K
Diluted EPS Before Extra, 1 Yr. Growth %	16.34	-93.34	-1.56K	-104.18	1.81K
Normalized Net Income, 1 Yr. Growth %	23.75	48.23	-18.83	-10.88	14.19
Net Property, Plant and Equip., 1 Yr. Growth %	2.9	71.01	-5.28	26.82	2.65
Inventory, 1 Yr. Growth %	-59.72	72.41	-4	4.17	-2
Accounts Receivable, 1 Yr. Growth %	34.68	50.64	30.2	-10.5	-77.19
Total Assets, 1 Yr. Growth %	34.49	3.71	-9.63	1.46	7.38
Common Equity, 1 Yr. Growth %	21.21	1.46	-17.61	-1.23	17.94
Tangible Book Value, 1 Yr. Growth %	17.76	4.9	-17.61	-1.25	17.96
Cash From Operations, 1 Yr. Growth %	8.46	9.98	15.14	-2.55	5.93
Levered Free Cash Flow, 1 Yr. Growth %	-51.76	33.45	-32.32	-299.99	-410.34
Unlevered Free Cash Flow, 1 Yr. Growth %	-40.68	28.37	-17.25	-160.95	-760.17
Dividend Per Share, 1 Yr. Growth %	7.67	-	-	10.2	8.15
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-0.49	15.5	16.6	13.16	7.19
Gross Profit, 2 Yr. CAGR %	9.58	13.21	8.03	1.02	3.33
EBITDA, 2 Yr. CAGR %	9.84	13.53	7.52	-0.13	3.55
EBITA, 2 Yr. CAGR %	9.98	13.6	7.69	-0.33	3.39
EBIT, 2 Yr. CAGR %	9.94	13.59	7.64	-0.24	3.15
Earnings From Cont. Operations, 2 Yr. CAGR %	44.93	-58.29	-4.75	-46.13	-3.36
Net Income, 2 Yr. CAGR %	45.14	-58.54	-4.54	-46.89	-3.59
Diluted EPS Before Extra, 2 Yr. CAGR %	31.72	-72.17	-1.28	-21.82	-10.65
Normalized Net Income, 2 Yr. CAGR %	52.87	35.44	9.69	-14.95	0.87
Net Property, Plant and Equip., 2 Yr. CAGR %	3	30.78	27.27	9.6	14.1
Inventory, 2 Yr. CAGR %	-20.6	-16.67	28.65	0	1.04
Accounts Receivable, 2 Yr. CAGR %	27.2	42.44	40.05	7.95	91.5
Total Assets, 2 Yr. CAGR %	26.13	18.23	-3.19	-4.25	4.38
Common Equity, 2 Yr. CAGR %	22.91	10.9	-8.57	-9.79	7.93
Tangible Book Value, 2 Yr. CAGR %	21.76	11.64	-7.04	-9.8	7.93
Cash From Operations, 2 Yr. CAGR %	5.43	9.22	12.53	5.93	1.61
Levered Free Cash Flow, 2 Yr. CAGR %	230.8	-20.57	-10.34	17.53	151
Unlevered Free Cash Flow, 2 Yr. CAGR %	73.49	-13.33	-1.03	-28.57	103.37
Dividend Per Share, 2 Yr. CAGR %	6.33	-	-22.41	-	9.17
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	7.54	6.51	14.12	16.04	8.58
Gross Profit, 3 Yr. CAGR %	7.7	11.74	8.78	5.84	2.36
EBITDA, 3 Yr. CAGR %	7.8	12.17	8.4	5.28	1.95
EBITA, 3 Yr. CAGR %	7.95	12.22	8.61	5.09	1.92
EBIT, 3 Yr. CAGR %	7.95	12.18	8.59	5.14	1.82
Earnings From Cont. Operations, 3 Yr. CAGR %	26.74	-33.88	4.67	-65.82	83.27
Net Income, 3 Yr. CAGR %	26.87	-34.09	4.84	-66.28	84.02
Diluted EPS Before Extra, 3 Yr. CAGR %	23.74	-51.3	4.27	-65.6	126.93
Normalized Net Income, 3 Yr. CAGR %	7.03	51.31	14.19	2.35	-6.17
Net Property, Plant and Equip., 3 Yr. CAGR %	12.42	20.81	17.44	27.12	7.23
Inventory, 3 Yr. CAGR %	-21.95	2.82	-12.64	19.91	-0.67
Accounts Receivable, 3 Yr. CAGR %	13.82	34.58	38.24	20.63	68.39
Total Assets, 3 Yr. CAGR %	22.45	18.25	8.1	-1.66	-0.52
Common Equity, 3 Yr. CAGR %	23.34	15.3	0.44	-6.19	-1.36
Tangible Book Value, 3 Yr. CAGR %	22.33	16.2	0.89	-5.15	-1.36
Cash From Operations, 3 Yr. CAGR %	7.02	6.93	11.16	7.26	5.93
Levered Free Cash Flow, 3 Yr. CAGR %	-5.05	142.8	-27.56	17.95	63.26
Unlevered Free Cash Flow, 3 Yr. CAGR %	-2.64	56.2	-16.94	-15.48	51.28
Dividend Per Share, 3 Yr. CAGR %	4.86	-	-13.46	-12.79	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	1.51	7.03	11.08	9.12	11.3
Gross Profit, 5 Yr. CAGR %	6.76	8.86	7.83	7.32	6.57
EBITDA, 5 Yr. CAGR %	6.43	9.04	7.69	7.08	6.43
EBITA, 5 Yr. CAGR %	6.49	9.12	7.84	7.02	6.44
EBIT, 5 Yr. CAGR %	6.61	9.09	7.83	7.03	6.38
Earnings From Cont. Operations, 5 Yr. CAGR %	24.39	-22.42	13.06	-39.08	1.38
Net Income, 5 Yr. CAGR %	24.39	-22.58	13.22	-39.54	1.39
Diluted EPS Before Extra, 5 Yr. CAGR %	21.27	-35.85	13.05	-41.15	-1.98
Normalized Net Income, 5 Yr. CAGR %	13.33	44.16	8.09	20.17	8.67
Net Property, Plant and Equip., 5 Yr. CAGR %	7.04	18.41	17.47	16.2	16.09
Inventory, 5 Yr. CAGR %	-5.75	-1.16	-4.68	1.68	-7.41
Accounts Receivable, 5 Yr. CAGR %	8.92	9.3	23.67	23.22	57.49
Total Assets, 5 Yr. CAGR %	19.5	16.36	11.51	8.68	6.59
Common Equity, 5 Yr. CAGR %	21.19	17.25	9.42	4.52	3.37
Tangible Book Value, 5 Yr. CAGR %	20.71	17.73	9.8	5.01	3.65
Cash From Operations, 5 Yr. CAGR %	11.31	7.61	9.19	6.53	7.23
Levered Free Cash Flow, 5 Yr. CAGR %	6.08	-2.47	-7.58	77.46	19.57
Unlevered Free Cash Flow, 5 Yr. CAGR %	0.66	-2.13	-2.27	12.39	19.11
Dividend Per Share, 5 Yr. CAGR %	8.08	-	-7.04	-5.59	-5.03