EgnsINVEST Ejendomme Tyskland (EGNETY) Q1 2026 earnings summary

Executive summary

• Net profit before tax for Q1 2026 was DKK 5.3 million, with DKK 1.9 million from fair value adjustments of investment properties.

• EBVAT (earnings before value adjustments and tax) reached DKK 3.5 million, considered satisfactory.

• Net asset value per share increased by 0.75% to DKK 268.69 during the quarter.

• Vacancy rates as of March 31 were 1.08% for residential and 13.95% for commercial, totaling 2.42%.

• Cash holdings stood at DKK 13.5 million, with unused credit facilities of DKK 54.8 million.

Financial highlights

• Revenue for Q1 2026 was DKK 15.0 million, up from DKK 14.7 million in Q1 2025.

• Net profit after tax was DKK 4.4 million, compared to DKK 4.0 million in Q1 2025.

• Fair value of investment properties at quarter-end was DKK 1,467 million.

• Equity amounted to DKK 636 million at March 31, 2026.

• Result per share after tax was DKK 1.91, up from DKK 1.70 year-over-year.

Outlook and guidance

• Full-year 2026 EBVAT is expected to be DKK 15.0–17.0 million, excluding value adjustments.

• Management expects commercial vacancy to decrease in Q2 as previously vacant units have been re-let at higher rents.

• Continued focus on modernizing apartments and negotiating higher commercial rents.