Corestate Capital
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Corestate Capital (CCAP) investor relations material

Corestate Capital Q2 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2026 earnings summary25 Aug, 2026

Executive summary

  • H1 2026 focused on value-preserving disposals of non-core assets, deleveraging, and developing Hannover Leasing as the real asset investment manager.

  • Disposal proceeds planned through end-2027 were revised down €10.7m, or 4.8%, to €212.3m; full repayment of the remaining ~€22.7m Super Senior Notes is planned by end-2026.

Financial highlights

  • H1 2026 revenue and gains were €12.6m vs €14.0m in H1 2025; EBITDA was -€11.9m vs -€8.3m.

  • H1 net profit was -€21.9m vs -€21.2m; adjusted net profit was -€20.6m vs -€19.4m; EPS was -€0.10 in both periods.

  • Cash and cash equivalents were €25.0m at 30 June 2026 vs €24.2m at 31 December 2025; net debt was €158.2m vs €153.6m.

Outlook and guidance

  • The planned August 2026 partial redemption will not occur as anticipated following revised disposal timing and lower expected proceeds; full repayment of ~€22.7m remaining Super Senior Notes is planned by end-2026.

  • End-2026 repayment depends on the planned sale of a remaining warehousing asset and other financial instruments by December; future disposal proceeds are intended for outstanding note liabilities.

  • 2026 disposal proceeds forecast was cut from €61.8m to €46.5m; 2027 proceeds rose €4.6m to €69.3m.

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Frequently asked questions

Corestate Capital Holding S.A. is a real estate investment firm specializing in investments in small to medium sized residential portfolios and commercial real estate markets. CORESTATE identifies undervalued investment opportunities, manages the execution of acquisitions, and assists in the stabilization and disposition of assets at all stages of the asset life cycle.