EgnsINVEST Ejendomme Tyskland (EGNETY) Q3 2025 earnings summary

Executive summary

• Achieved a pre-tax profit of DKK 9.8 million in Q3 2025, with DKK 5.0 million from fair value adjustments of investment properties; YTD pre-tax profit is DKK 25.8 million.

• EBVAT (pre-fair value and currency adjustments) was DKK 4.8 million for Q3 and DKK 11.7 million YTD.

• Net asset value per share increased by 1.21% to DKK 265.00 in Q3; share price declined 13.5% to DKK 163.

• Vacancy rates as of September 30: 1.08% for residential, 6.98% for commercial, totaling 1.69%.

• Liquidity at DKK 24.2 million, with DKK 54.8 million in unused credit facilities.

Financial highlights

• Net revenue for Q3 2025 was DKK 15.2 million (down from DKK 16.2 million in Q3 2024); YTD revenue DKK 45.0 million (down from DKK 46.2 million YTD 2024).

• YTD net profit after tax was DKK 21.4 million (down from DKK 39.9 million YTD 2024).

• Earnings per share after tax for YTD: DKK 9.10 (down from DKK 17.00 YTD 2024).

• Investment properties at fair value: DKK 1,447 million as of September 30, 2025.

• Equity as of September 30, 2025: DKK 628 million.

Outlook and guidance

• EBVAT guidance for 2025 narrowed to DKK 15.0–16.0 million, excluding fair value adjustments.

• Result in line with expectations, supported by focus on rent increases and new lease contracts.

• 25% of the property portfolio is externally valued each quarter, ensuring annual full portfolio review.