Gateway Real Estate AG Faces Significant Value Adjustments in 2024

Gateway Real Estate AG has announced substantial value adjustments affecting their preliminary financial results for fiscal year 2024. The adjustments, focused particularly on real estate assets, have impacted the company's EBIT adjusted and EBT by approximately EUR 99 million and EUR 133 million, respectively. This deviation arises from a reassessment and revaluation conducted on August 31, 2025.

For 2024, the company now anticipates an EBIT adjusted of EUR -80 million to EUR -65 million, a significant drop from the earlier forecast of EUR 20 million to EUR 30 million. Similarly, the expected EBT has shifted from a forecasted range of EUR 2.5 million to EUR 7.5 million to an anticipated loss of EUR 140 million to EUR 125 million.

The findings are based on preliminary and unaudited figures, with the audit still underway. The audited consolidated financial statements are scheduled for release in the third quarter of 2025.