EgnsINVEST Ejd. Tyskland has today published preliminary key figures for the second quarter of 2026, which are in line with the budget.
The preliminary headline figures for the second quarter of the year show an expected result before value adjustments (EBVAT) of DKK 3.6 million. This is in line with the company's expectations, which remain unchanged in the range of DKK 15-17 million for the year.
The company also expects a positive adjustment of property values of DKK 9.3 million in the second quarter of 2026, which is notable in a period of unchanged required rates of return. The expected positive value adjustment is therefore due solely to the company's focus on ongoing rent adjustments, improved lease agreements and rapid re-letting. The company generally experiences low vacancy in both residential and commercial leases, and the trend in vacancy reflects continued high demand, particularly for residential properties in Berlin.
EgnsINVEST Ejd. Tyskland is likewise focused on raising rents wherever permitted under the law. There is also a focus on renovating apartments upon tenant move-out in order to raise the rent, and work continues to secure rent increases upon re-letting of commercial premises. In the second quarter, among other things, a new commercial lease was entered into at a significantly higher rent with a tenant whose business is the rental of holiday apartments.
In March, the company launched a share buyback program with the purpose of being able to reduce the company's share capital using the shares acquired. Up to 37,800 own shares may be repurchased, corresponding to approximately 1.61% of the company's share capital, subject to a maximum of DKK 6 million. A maximum of 200 shares may be purchased per day, and a weekly status update is issued with aggregated information on the trades carried out, including the number of shares repurchased and at what price. In the period from March 30 to and including June 30, the company has repurchased a total of 7,770 own shares for a total of DKK 1,134,422.
EgnsINVEST Ejd. Tyskland will publish its half-year report on August 27, 2026.