Adler Group S.A. Reports Solid Operational Performance in Q1 2025

Adler Group S.A. declared a solid operational performance for the first quarter of 2025. The Group successfully completed the disposal of its stake in Brack Capital Properties and the NRW-based portfolio. With a focus on its residential assets in Berlin, comprising approximately 17,900 units, the company anticipates tapping into the market's robust potential.

Notably, the rental business saw a 1.9% like-for-like increase, maintaining a low vacancy rate of 1.5%. Despite a drop in net rental income to €37m due to these disposals, rent rises on remaining assets supported the revenue. The company confirms its 2025 net rental income guidance of €127-135m.

Refinancing efforts in Q1 were successful, eliminating 2025 debt maturities and reducing their loan-to-value ratio from 72.7% to 67.9%. Financial performance in Q1 showed lower rental income and earnings due to a smaller portfolio, with operating income at minus €35m.