Main revenue source: Residential property rental

Top 3 markets:

1. North Rhine-Westphalia: approx. 70%
2. Lower Saxony: approx. 15%
3. Hesse: approx. 10%

LEG Immobilien SE generates the majority of its revenue from the rental of residential properties, with a strong focus on the German market. North Rhine-Westphalia is the most important market for the company, as the majority of the real estate portfolio is located here. Lower Saxony and Hesse follow as other significant markets, together accounting for about a quarter of the revenue. This regional concentration enables LEG to benefit from the high demand for housing in these areas.

Production: Not applicable

LEG Immobilien SE is a real estate company specializing in the ownership, management, and development of residential properties. The company does not produce physical products, but offers services in real estate management and development. Therefore, there are no production sites in the traditional sense.

Focus on Sustainable Modernization: LEG Immobilien SE has committed to reducing the CO2 emissions of its properties by 30% by 2030.

Portfolio Expansion: The goal is to expand the real estate portfolio by 10,000 residential units by 2025.

Digitalization: Investments in digital platforms to improve tenant satisfaction and increase management efficiency.

LEG Immobilien SE pursues a strategy focused on sustainable growth and digitalization. By reducing CO2 emissions and modernizing their holdings, the company aims to take ecological responsibility and simultaneously reduce operating costs.

In addition, LEG plans to significantly expand its portfolio to capitalize on the increasing demand for housing in urban areas. Investments in digital technologies are intended to enhance the efficiency of property management and improve customer satisfaction, ultimately leading to a stronger market position.

Raw Materials/Materials: Timber, Steel, Concrete

Countries of Origin:

• Timber: Sweden, Finland
• Steel: Germany, Poland
• Concrete: Germany

LEG Immobilien SE is a real estate company specializing in the development and management of residential properties. The raw materials typically required for the construction and renovation of properties include timber, steel, and concrete.

Timber is often imported from Scandinavian countries such as Sweden and Finland, as these countries are known for their sustainable forestry. Steel is sourced from both Germany and Poland to keep transportation distances short and minimize costs. Concrete is usually sourced locally in Germany to ensure the freshness and quality of the material.

This procurement strategy enables LEG Immobilien SE to ensure the quality and sustainability of their construction projects while optimizing costs.

Market share in North Rhine-Westphalia: approx. 5% (2025, estimate)
Vacancy rate: 2.8% (2024)
Tenant satisfaction: 85% (2024, survey result)

LEG Immobilien SE has a significant competitive advantage, especially in North Rhine-Westphalia, where the company holds a considerable market share. This regional focus enables LEG to benefit from economies of scale and establish a strong local presence.

The low vacancy rate of 2.8% indicates high demand for the company's properties, suggesting effective management and attractive rental offers. Furthermore, a high tenant satisfaction rate of 85% helps strengthen tenant retention and secure long-term income.

In summary, LEG Immobilien SE possesses a solid competitive advantage through its strategic market orientation, efficient management, and customer satisfaction, positioning it well in a competitive market environment.

Institutional Investor Share: approx. 60% (estimated for 2025 based on historical data)

Insider Buys/Sells: No significant transactions in the last year (estimated for 2025)

The institutional investor share at LEG Immobilien SE traditionally stands at around 60%, indicating the trust of large investment funds and institutional investors in the company. These investors typically value the stability and dividend yield of real estate companies.

Regarding insider buys and sells, there were no significant transactions in the last year that could suggest a change in management's confidence in the company's future development. Such transactions are often seen as indicators of management's assessment of the company's future prospects.

Market share LEG Immobilien SE: approx. 8% (2025, estimated)

Main competitors and their market shares:

1. Vonovia SE: approx. 20%
2. Deutsche Wohnen SE: approx. 15%
3. TAG Immobilien AG: approx. 10%
4. Grand City Properties S.A.: approx. 9%
5. LEG Immobilien SE: approx. 8%
6. Adler Group S.A.: approx. 6%
7. Aroundtown SA: approx. 5%

Moat of LEG Immobilien SE:

LEG Immobilien SE has a moderate moat, mainly characterized by its strong regional presence in North Rhine-Westphalia and efficient management of its real estate portfolios. This regional focus enables them to optimize costs and leverage local market knowledge.

In comparison, Vonovia SE has a stronger moat due to its size and market leadership, providing them with economies of scale and greater bargaining power. Deutsche Wohnen SE also benefits from a significant moat through its strategic positioning in metropolitan regions and a diversified real estate structure.

LEG Immobilien SE must compete against these larger competitors by enhancing their regional strengths and increasing operational efficiency. While well-positioned in their core market, the moat could be strengthened through strategic expansions and investments in sustainable real estate solutions.

Revenue Growth: 3.2% (2024) Net Profit Growth: 4.5% (2024) Vacancy Rate: 2.8% (2024) FFO Growth (Funds From Operations): 5.0% (2024)

LEG Immobilien SE recorded a moderate revenue growth of 3.2% in 2024, indicating stable demand in the residential real estate market. Net profit increased by 4.5%, attributed to effective cost control and efficiency improvements.

The vacancy rate of 2.8% indicates that the company's properties are well-utilized, a positive sign for the stability of rental income. Additionally, the company achieved a 5.0% FFO growth, signaling strong operational performance and healthy cash flow generation.

Overall, LEG Immobilien SE's financial performance suggests a solid business development. The low vacancy rate and growth in Funds From Operations are positive indicators for the company's future profitability. Therefore, the stock could present an attractive investment opportunity for investors interested in stable returns in the real estate sector.

Dividend yield: 4.5% (2025, estimated)
Dividend history: Steady payouts over the last 5 years

LEG Immobilien SE has pursued a consistent dividend policy in recent years. The estimated dividend yield for 2025 is around 4.5%, which is competitive compared to other companies in the real estate sector.

The reliability of the payout is high, as LEG Immobilien SE has consistently paid dividends over the past five years. This indicates a solid financial foundation and a stable business model that allows for dividend payments even in economically challenging times.