EgnsINVEST Ejd. Tyskland has published its quarterly report for the first quarter, maintaining its expectations for the full year.
EgnsINVEST Ejd. Tyskland achieved a profit before tax of DKK 5.3 million in the first quarter, of which DKK 1.9 million relates to fair value adjustments of investment properties. Profit before exchange rate and value adjustments (EBVAT) therefore amounted to DKK 3.5 million in the first quarter, in line with the budget.
EgnsINVEST Ejd. Tyskland continues its efforts to increase revenue and property values. In addition, the company has launched a new share buyback programme running until the end of the year. At the annual general meeting held on 27 May 2026, shareholders also approved the proposal to cancel the company’s holding of 39,036 treasury shares and thereby reduce the share capital. This corresponded to 1.66% of the share capital.
EgnsINVEST Ejd. Tyskland owns, operates, and develops a real estate portfolio in Berlin. The city is experiencing growth and continues to attract new residents in need of housing. Recently, the Senate introduced a legislative proposal aimed at making it easier to construct new housing units within existing buildings. For years, EgnsINVEST Ejd. Tyskland has utilized unused attics, storage rooms, and commercial premises to create new housing units and looks forward to making it even more attractive to add additional square meters to the portfolio.
The city’s need to simplify the construction of new housing is also reflected in the latest data on the number of building permits issued by Berlin authorities. Figures for the first quarter show that permits were granted for 9.8% fewer homes compared to the same period last year. With fewer homes in the pipeline and a continuously growing population, the development indicates that the high demand for housing will persist in the coming years. EgnsINVEST Ejd. Tyskland therefore maintains its strategy of focusing on building new apartments where it makes good business sense and working to increase rents where possible.
The company maintains its full-year expectations of an EBVAT of DKK 15–17 million. In addition, value adjustments will apply.