LEG Immobilien SE Overview
Pro stress-test →LEG Immobilien SE is an integrated property company in Germany that engages in property management, location development, services for third parties, housing industry services, and generation of electricity and heat. The company provides IT services for third parties and management services for third-party properties.
Strategic Profile
Pro stress-test →LEG Immobilien is a dividend-paying company with a current yield of 4.92% well covered by earnings. The stock underperformed the UK Real Estate industry (3.6% return) and the UK Market (21.6% return) over the past year. The company maintains exposure to German residential markets with portfolio concentration in North-Rhine Westphalia.
Competitive Landscape
Pro stress-test →LEG competes with German residential REITs including Deutsche Wohnen and GSW Immobilien. Unlike UK commercial landlords, German housing companies benefit from sector resilience but face demographic headwinds in secondary markets. LEG's loan-to-value ratio of 48% and debt service cost of 3.3% are favorable relative to growth peers, though rental growth lags slightly.
Industry Context
LEG Immobilien SE operates in German residential real estate.
Key facts
Founded: Historical public company; acquired by Goldman Sachs PE in 2008; re-listed on LSE · Headquarters: Düsseldorf, Germany · Employees: Not disclosed in available data · Revenue: Not disclosed in available data · Market cap: €4.3–€5.5B