Hamborner REIT joins MKK. Hamborner REIT stock sits 28.62 percent below its high

Hamborner REIT (ISIN DE000A3H2333) was trading at EUR 3.99 at Lang & Schwarz on October 8, 2026, putting the stock 28.62 percent below its EUR 5.59 52-week high. The company is listed for the 42nd MKK capital market conference on November 11 and 12, 2026, according to EQS News on October 7, 2026.

Conference date adds a near-term marker

The MKK event gives the property company a scheduled investor-relations date after its September presentation outlined a portfolio shift toward retail properties and away from offices. The company is targeting an 80 percent to 90 percent retail share over the medium term, compared with 56 percent at June 30, 2026, according to its presentation.

The conference comes before the next scheduled third-quarter report on November 10, 2026. That date is listed in the company's investor-relations materials alongside the 2026 reporting calendar.

First-half figures show the pressure

Hamborner REIT reported EUR 45.10 million in rent and lease income for the first half of 2026, down 1.30 percent from EUR 45.70 million a year earlier. Funds from operations fell 4.40 percent to EUR 23.80 million from EUR 24.90 million, according to the Hamborner REIT presentation.

The decline was not purely a rent story. The same presentation identifies EUR 19.20 million of extraordinary property valuation adjustments as a major factor behind the first-half result, while interest expense rose 8.40 percent to EUR 7.30 million.

Guidance remains tied to portfolio execution

Management's 2026 outlook calls for rent and lease income of EUR 87.50 million to EUR 89.50 million and FFO of EUR 38.00 million to EUR 42.00 million. Those ranges put the first-half FFO of EUR 23.80 million against a full-year midpoint of EUR 40.00 million, leaving portfolio sales, costs and financing as important variables for the second half.

The balance sheet adds a second reference point. EPRA net asset value was EUR 8.72 per share on June 30, 2026, down 3.90 percent from EUR 9.07 at December 31, 2025, while the loan-to-value ratio stood at 45.20 percent.

Stock stays below its yearly high

At EUR 3.99, the Lang & Schwarz price was EUR 0.02 below the prior close of EUR 4.01, a minus 0.50 percent move on October 8, 2026 at 12:20 p.m. CEST. The 52-week range shown for the same euro listing was EUR 3.77 to EUR 5.59 on October 8, 2026. The further course of trading is shown by the continuously updated real-time quote of Hamborner REIT stock.

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