Hamborner REIT AG announced a strategic rebalancing of its real estate portfolio together with financial guidance for the 2026 fiscal year.
Portfolio strategy adjustment
The company said it plans to reduce the share of office assets it holds, targeting a range of 10% to 20% of the overall portfolio. The move was described by the company as part of a broader adjustment to its portfolio strategy.
2026 financial guidance
For the 2026 financial year Hamborner REIT provided a forecast for funds from operations (FFO) in a band of €38.0 million to €42.0 million. In addition, the firm expects income from rents and leases to sit between €87.5 million and €89.5 million for the same period.
Explaining the change in rental income
Hamborner REIT indicated that the expected reduction in income from rents and leases compared with the prior year primarily reflects the disposal of properties in the 2025 financial year. The company linked the lower rental income in its 2026 outlook directly to those 2025 disposals.
Context and limitations of the disclosure
The company disclosed the target range for office exposure and provided numeric guidance for FFO and rental income but did not specify in this announcement the precise timing, identities, or valuation details of the properties sold in 2025. The statement ties the anticipated decline in rental income to the 2025 disposals, while the projected FFO and rent ranges were presented as the company expectations for 2026.
Potential market implications
Within the scope of the information released, the most immediate effects are concentrated in commercial real estate and among holders of Hamborner REIT securities. The reduction in office weighting indicates a shift in asset mix that could alter future income profiles and asset-level risk exposures, depending on how proceeds from disposals are redeployed or distributed. The company has provided mid-range guidance for both operating cash flow (FFO) and rental income for 2026, enabling investors to assess income expectations against prior-year baselines.
What the announcement does not detail
The communication does not provide additional operational metrics, nor does it outline a timetable for completing further portfolio transactions beyond the reference to disposals in 2025. It also does not break down the projected rent or FFO ranges by asset type or geography.
Summary: Hamborner REIT is lowering its targeted office exposure to 10-20% and expects 2026 FFO of €38.0-€42.0 million and rental income of €87.5-€89.5 million, with a stated reduction in rental receipts largely attributed to property disposals executed in 2025.