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DEMIRE Deutsche Mittelstand Real Estate
DEMIRE Deutsche Mittelstand Real Estate (DMRE) investor relations material
DEMIRE Deutsche Mittelstand Real Estate Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary5 Nov, 2026
Executive summary
9M rental income fell 18.1% YoY to €33.9m, primarily reflecting targeted property disposals; FFO I after tax declined 66.7% to €2.8m.
Four asset sales and a partial Bonn sale generated proceeds exceeding €61m; the portfolio comprised 39 properties valued at €627.0m at 30 September 2026.
FY 2026 guidance was reaffirmed: rental income of €42.5m–€44.5m and FFO I of €0.5m–€2.5m.
Financial highlights
9M rental income was €33.9m versus €41.4m; rental profit was €22.9m versus €27.9m.
EBIT was €10.9m versus a €28.1m loss; net loss narrowed to €26.2m from €60.7m, with prior-year results affected by significant write-downs.
Fair-value adjustments were a €0.4m loss versus a €29.9m loss; impairments of financial and other receivables were €1.1m versus €19.5m.
Finance expenses rose to €43.0m from €41.2m, mainly reflecting higher shareholder-loan interest; financial income declined to €3.6m from €5.4m.
Cash and cash equivalents increased to €82.6m from €54.2m at FY 2025; total equity declined to €124.5m from €150.8m.
Outlook and guidance
FY 2026 rental-income guidance remains €42.5m–€44.5m; FFO I guidance remains €0.5m–€2.5m.
Q4 FFO I is expected to be slightly negative or neutral, with portfolio investments of a few hundred thousand euros expected to flow through the P&L.
Advanced leasing discussions in Bonn, Neumünster and Leipzig cover ~20,000 sqm; the 10,000 sqm United Nations lease in Bonn was finalized.
Execution of the strong leasing pipeline is expected over the coming months.
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Latest events from DEMIRE Deutsche Mittelstand Real Estate
- Rental income and FFO I fell, but 2026 guidance was raised after asset sales and margin gains.DMRE
Q2 2026 - Rental income and FFO I declined, but guidance and financial stability were maintained.DMREQ1 2026
- Letting performance surged, but rental income and FFO I fell as portfolio shrank and costs rose.DMREQ4 2025
- Rental income and FFO I fell sharply, but 2025 guidance and financial stability were maintained.DMREQ3 2025
- Letting surged and guidance rose, but rental income and FFO I fell amid disposals and vacancy.DMREQ2 2025
- Bond refinancing and asset disposals stabilized liquidity amid falling earnings and portfolio shrinkage.DMREQ2 2024
- Rental income and FFO I fell, but letting performance, leverage, and liquidity improved.DMREQ3 2024
- Letting volume soared, but rental income and FFO I dropped as asset sales reduced the portfolio.DMREQ1 2025
- Record asset disposals and bond restructuring drove deleveraging, but 2025 outlook is cautious.DMREQ4 2024
Next DEMIRE Deutsche Mittelstand Real Estate earnings date
Q4 202623 Mar, 2027
DEMIRE Deutsche Mittelstand Real Estate
Next DEMIRE Deutsche Mittelstand Real Estate earnings date
Q4 202623 Mar, 2027
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Frequently asked questions
DEMIRE Deutsche Mittelstand Real Estate AG engages in the acquisition, management, and leasing of commercial real estate properties for SME in Germany. The company operates its business through the following segments: Property Management, Investment Management, and Asset Management. The Property Management segment offers property management services for its portfolio of commercial real estate assets. The Investment Management segment involves in the selection of areas to be invested in, construction monitoring and investment advice. The Asset Management segment provides maintenance and modernization services on residential and non-residential buildings, as well as facilities management services. Mittelstand Real Estate AG is based in Langen, Germany.