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Hamborner REIT Stock: Mixed Results, Raised Forecast

Felix Baarz by Felix Baarz
August 5, 2025
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Despite a disappointing first half of 2025, Hamborner REIT has raised its full-year rental income forecast due to an unexpected delay in a planned property sale. The Duisburg-based real estate firm reported a 2.1% decline in rental income to €45.7 million, while Funds from Operations (FFO) dropped over 12% to €24.9 million, weighed down by higher maintenance, personnel, and administrative costs. Net profit fell 14% to €6.5 million. However, the company now expects annual rental income between €89.5 and €90.5 million, up from the previous €87.5–89.0 million range, as the unsold property continues to generate revenue.

Operational Challenges Persist

While investors responded positively, with shares rising 0.7% to €5.79, operational pressures remain. The FFO forecast remains unchanged at €44.0–46.0 million, reflecting persistent cost challenges. The failed sale raises questions about portfolio strategy, though it provides short-term income stability. The broader real estate sector’s gradual recovery from high interest rates and valuation uncertainties may offer some relief, but Hamborner REIT’s ability to manage rising costs will be critical for future performance.

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Felix Baarz

Felix Baarz

My name is Felix Baarz, and I look back on over fifteen years of experience as a business journalist. I have always been fascinated by the mechanisms and dynamics of global financial markets as well as the complex economic and political interconnections that shape our world. With this passion, I have made a name for myself as an expert on international financial markets and dedicate myself with great commitment to making even the most complex topics understandable and accessible to my readers. My roots lie in Cologne, where I was born and raised. Early on, my curiosity about economic topics and international developments sparked my interest in journalism. After completing my studies, I began my career as a business editor at a respected German trade publication. Here I laid the foundation for my professional career, but my curiosity soon drew me out into the wider world. A turning point in my life was moving to New York, where I lived for six years and gained insight into leading media houses. In this vibrant metropolis, I was able to report firsthand from the heart of the global financial world. From daily developments on Wall Street to major economic policy decisions that make waves worldwide, I had the opportunity to write about central topics that move people and markets alike. This time shaped my perspective and sharpened my view of global interconnections.

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