Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
LEG Immobilien SE is a leading German real estate company headquartered in Düsseldorf, specializing in the management and development of residential properties. Established through mergers in 1970 and privatized in 2008 before going public in 2013, it focuses on providing affordable, high-quality housing primarily in North Rhine-Westphalia, with around 166,000 rental units serving approximately 500,000 residents. The company's portfolio includes residential apartments, garages, parking spaces, and some commercial units, segmented into high-growth, stable, and higher-yielding markets. LEG Immobilien SE generates revenue mainly through property leasing, sales, and ancillary services like maintenance, achieving high occupancy rates above 98% and emphasizing operational efficiency via digital platforms. Committed to sustainability, it pursues energy-efficient renovations, carbon emission reductions targeting 30% by 2030, and initiatives like green startups for heating systems and heat pumps. With about 1,920 employees, LEG balances customer satisfaction, profitability, and environmental responsibility, supporting social housing and community foundations to foster stable neighborhoods.
49.57% operating margin is above average. ROIC at 3.79%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue grew 5.7%, steady but not accelerating.
Net debt of €9.40B represents 21.2x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
€1.38B
▲ +5.7% YoY
Net Income (TTM)
€1.30B
▲ +2020.9% YoY
Op. Margin
40.27%
▲ +7.2pp YoY
ROIC
3.79%
▲ +2.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€460M
▲ +6.2% YoY
Op. Cash Flow (TTM)
€1.19B
▲ +175.5% YoY
Net Debt
€9.40B
Cash & Equiv.
€754M
3Y CAGR: +6.2%
3Y CAGR: +12.5%
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