LEG Immobilien SE (LGMMY)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
LEG Immobilien SE (LGMMY) trades at $15.10. LEG Immobilien SE operates as a fully integrated real estate enterprise in Germany, managing a vast portfolio of residential and commercial properties primarily in North Rhine-Westphalia. Market cap: $4.55B, Sector: Real estate.
Price live · AI analysis from Jun 15, 2026Analyst Coverage for LGMMY: LGMMY does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates LGMMY against Real Estate peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
LGMMY: 1/1 perspectives are bearish.
How is this calculated? →LEG Immobilien SE (LGMMY) Real Estate Portfolio & Strategy
LEG Immobilien SE is a prominent German real estate firm, managing over 166,000 residential units and offering integrated property services, site development, and energy solutions. With a focus on affordable housing in North Rhine-Westphalia, it leverages a diversified portfolio and third-party services to maintain its market position.
What Is the Investment Thesis for LGMMY?
LEG Immobilien SE (LGMMY) presents an investment profile characterized by its substantial market capitalization of $4.55B and a high profit margin of 94.8%, indicating strong operational efficiency. The company's P/E ratio of 2.99 suggests a potentially undervalued asset relative to its earnings. A notable dividend yield of 5.40% offers income potential for investors. As one of Germany's largest residential landlords, particularly in North Rhine-Westphalia, LEG benefits from consistent demand for rental properties in its core markets, especially within the affordable housing segment. Growth catalysts include ongoing site development, expansion of third-party services, and initiatives in energy generation. However, investors must monitor potential risks such as evolving government regulations impacting the rental market and property development, as well as broader macroeconomic conditions that could affect tenant affordability and property valuations.
Based on FMP financials and quantitative analysis
LGMMY Key Highlights
- Market capitalization of $4.55B, reflecting its significant scale in the real estate sector.
- Impressive profit margin of 94.8%, indicating strong profitability from its operations.
- A low P/E ratio of 2.99, suggesting a potentially attractive valuation relative to its earnings.
- A substantial portfolio of 166,189 residential units as of December 31, 2021, primarily in North Rhine-Westphalia, Germany.
- Dividend yield of 5.40%, providing a notable income component for shareholders.
Who Are LGMMY's Competitors?
LGMMY is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| CTPVF CTP N.V. | $14.99 | -8.18% | $7.27B | — |
| SCCCF Sunac China Holdings Limited | $1.21 | +0.00% | $6.59B | — |
| ESRCF ESR Group Limited | $1.51 | -2.58% | $6.40B | — |
| CTRYY Country Garden Holdings Company Limited | $3.75 | +0.00% | $4.20B | 38 |
| SUNS Sunrise Realty Trust, Inc. | $8.27 | +0.99% | $111.81M | 67 |
| BHM Bluerock Homes Trust, Inc. | $9.02 | -4.35% | $37.07M | 63 |
| AMH American Homes 4 Rent | $33.71 | -1.09% | $12.11B | 57 |
| AVB AvalonBay Communities, Inc. | $194.61 | +0.34% | $27.61B | 54 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are LGMMY's Key Strengths?
- Extensive portfolio of 166,189 residential units and 1,576 commercial properties as of December 31, 2021.
- Fully integrated real estate enterprise offering diverse services including property management and site development.
- High profit margin of 94.8% indicates strong operational efficiency.
- Strategic focus on affordable housing aligns with consistent market demand.
- Involvement in generating electricity and heat offers potential for cost savings and sustainability.
What Are LGMMY's Weaknesses?
- Geographic concentration primarily in North Rhine-Westphalia, Germany, exposing it to regional economic shifts.
- Reliance on rental income, which can be sensitive to economic downturns and tenant affordability.
- Exposure to evolving government regulations specific to the German rental and property development markets.
- Beta of 1.40 suggests higher volatility compared to the broader market.
What Could Drive LGMMY Stock Higher?
- Favorable shifts in German housing policy that support landlords or property development, potentially easing rental regulations or providing incentives for new construction.
- Continued strong demand for affordable housing in North Rhine-Westphalia, leading to sustained high occupancy rates and stable rental income growth.
- Successful expansion of third-party services, such as housing industry solutions and IT assistance, diversifying revenue streams beyond core rental income.
- Strategic acquisitions of additional residential portfolios or successful completion of new site development projects, increasing the company's asset base and rental capacity.
- Initiatives in energy generation and efficiency across its portfolio, leading to reduced operational costs and enhanced property value.
What Are the Key Risks for LGMMY?
- Financial-distress signal — its Altman Z-Score of 0.36 sits in the distress zone (elevated bankruptcy risk).
- Evolving government regulations in Germany that could impose stricter rental caps, increase landlord obligations, or complicate property development, potentially impacting profitability.
- Macroeconomic conditions, including inflation, rising interest rates, or economic downturns, affecting tenant affordability, increasing vacancy rates, or raising financing costs.
- Significant fluctuations in the Euro-U.S. Dollar exchange rate, which could negatively impact the dollar-denominated value of LGMMY ADRs and dividend payouts for U.S. investors.
- Increased competition within the German residential real estate market, leading to pressure on rental yields or occupancy rates.
- The inherent risks associated with trading on the OTC market, including lower liquidity, wider bid-ask spreads, and less comprehensive public disclosure compared to major exchanges.
What Are the Growth Opportunities for LGMMY?
- Site Development & Portfolio Expansion: LEG Immobilien SE's involvement in site development suggests a strategy to expand its portfolio beyond the 166,189 residential units held as of December 31, 2021. This organic growth driver allows the company to capitalize on the consistent demand for rental properties in its core German markets, particularly North Rhine-Westphalia. By developing new residential units and potentially commercial properties, LEG can increase its asset base and rental income streams. This strategy is crucial for maintaining market leadership and addressing housing needs in densely populated urban areas, contributing to long-term revenue growth and asset value appreciation.
- Expansion of Third-Party Services: The company explicitly states it provides "various services for third parties," specializes in "housing industry solutions," and offers "IT and management assistance to external entities." This segment represents a growth opportunity by leveraging its established expertise in property management, IT infrastructure, and housing solutions to generate additional revenue streams beyond its own portfolio. Expanding these services could involve targeting smaller property owners, housing cooperatives, or other real estate firms seeking efficient operational support, thereby diversifying income and potentially improving profit margins by utilizing existing operational overhead.
- Energy Generation and Management: LEG Immobilien SE is involved in "generating electricity and heat." This indicates a strategic focus on energy services, which can be a significant growth area, especially with increasing environmental regulations and demand for sustainable housing. By expanding its capacity for in-house energy generation, LEG can reduce operational costs for its portfolio, potentially offer competitive utility rates to tenants, and even provide these services to external clients. This aligns with broader market trends towards energy efficiency and sustainability in the real estate sector, enhancing both profitability and corporate responsibility.
- Leveraging Demand for Affordable Housing: As one of the largest landlords in North Rhine-Westphalia, LEG focuses on providing affordable housing. The "AI Insight" highlights a "consistent demand for rental properties in its core markets." This ongoing demand, particularly in the affordable segment, provides a stable foundation for occupancy rates and rental income. Growth can be achieved by strategically acquiring existing affordable housing portfolios or developing new units specifically tailored to this market segment, ensuring sustained revenue generation even in fluctuating economic conditions. This focus mitigates risks associated with luxury segments and aligns with societal needs.
- Portfolio Optimization and Value Enhancement: With a substantial portfolio of 166,189 residential units, 1,576 commercial properties, and 45,438 garages/parking spaces as of December 31, 2021, LEG Immobilien SE has significant opportunities for value enhancement through active portfolio management. This includes modernizing older units to command higher rents, improving energy efficiency across properties, and optimizing space utilization in commercial assets. By strategically investing in its existing properties, the company can increase tenant satisfaction, reduce vacancy rates, and achieve higher rental yields, thereby driving organic growth in net operating income and overall portfolio value.
What Opportunities Does LGMMY Have?
- Expansion of third-party services (housing industry solutions, IT/management assistance) to diversify revenue streams.
- Further site development to grow the portfolio and capitalize on housing demand.
- Leveraging consistent demand for affordable housing through strategic acquisitions or new developments.
- Enhancing energy generation and sustainability initiatives to reduce costs and attract environmentally conscious tenants.
- Portfolio optimization through modernization and efficiency improvements to increase rental yields and asset value.
What Threats Does LGMMY Face?
- Evolving government regulations in Germany impacting rental caps, property development, and landlord-tenant relations.
- Macroeconomic conditions, such as inflation or recession, affecting tenant affordability and vacancy rates.
- Rising interest rates potentially increasing financing costs for new developments or existing debt.
- Intense competition from other residential real estate companies and developers in its core markets.
- Potential for property value depreciation due to market shifts or regulatory changes.
What Are LGMMY's Competitive Advantages?
- Significant scale and established presence as one of the largest landlords in North Rhine-Westphalia, Germany.
- Fully integrated business model encompassing property management, site development, and diverse third-party services.
- Focus on affordable housing, catering to a stable and consistent demand segment.
- Extensive portfolio of 166,189 residential units provides a strong base for recurring rental income.
- Involvement in energy generation (electricity and heat) offers potential for cost control and value-added services.
What Does LGMMY Do?
Founded in 1970 and headquartered in Düsseldorf, Germany, LEG Immobilien SE has evolved into a fully integrated real estate enterprise operating primarily through its subsidiaries. The company's core business revolves around the ownership, management, and development of a substantial real estate portfolio, predominantly located in North Rhine-Westphalia. As of December 31, 2021, this extensive portfolio comprised 166,189 residential units, 1,576 commercial properties, and 45,438 garages or parking spaces, underscoring its significant presence in the German housing market. LEG Immobilien SE is recognized as one of the largest landlords in its core region, with a strategic focus on providing affordable housing solutions. Beyond its proprietary portfolio, the company offers a broad spectrum of services, including the oversight of equity investments, comprehensive property management, and site development. It also extends its expertise to third parties, specializing in housing industry solutions and providing IT and management assistance to external entities. Furthermore, LEG Immobilien SE is actively involved in generating electricity and heat, aligning with modern sustainability trends and potentially enhancing operational efficiency across its properties. This integrated approach, combining property ownership with diverse service offerings, positions LEG Immobilien SE as a comprehensive provider within the German real estate sector, catering to both its own assets and external clients.
What Products and Services Does LGMMY Offer?
- Own and manage a large portfolio of residential units, commercial properties, and parking spaces, primarily in North Rhine-Westphalia, Germany.
- Provide comprehensive property management services for its own equity investments.
- Engage in site development to expand its real estate portfolio.
- Offer various services to third parties, including housing industry solutions.
- Provide IT and management assistance to external entities.
- Generate electricity and heat, contributing to energy solutions for its properties and potentially others.
- Focus on providing affordable housing within its core markets.
How Does LGMMY Make Money?
- Generate rental income from its extensive portfolio of residential and commercial properties.
- Earn fees from providing property management, housing industry solutions, and IT/management assistance to third-party clients.
- Derive revenue from site development activities, including the sale or long-term rental of newly developed properties.
- Generate income from energy generation and supply services (electricity and heat) to tenants and potentially external customers.
- Capitalize on the appreciation of its real estate assets over time.
What Industry Does LGMMY Operate In?
LEG Immobilien SE operates within the REIT - Residential industry, a segment of the broader Real Estate sector. The company holds a significant position in the German market, particularly in North Rhine-Westphalia, where it is one of the largest landlords. The industry is characterized by consistent demand for rental properties, especially in the affordable housing segment, which LEG prioritizes. Market trends include increasing focus on sustainability, energy efficiency, and the integration of technology in property management. The competitive landscape involves other large residential property companies and developers, but LEG's fully integrated business model, encompassing property management, site development, and third-party services, provides a differentiated approach. The company's exposure to evolving government regulations and macroeconomic conditions affecting tenant affordability are key factors influencing the industry's trajectory.
Who Are LGMMY's Key Customers?
- Tenants of its 166,189 residential units across North Rhine-Westphalia.
- Businesses and individuals renting its 1,576 commercial properties and 45,438 garages/parking spaces.
- Third-party property owners, housing cooperatives, and real estate firms utilizing its housing industry solutions, IT, and management assistance.
- Consumers of electricity and heat generated by the company's energy solutions.
Company Profile
LEG Immobilien SE operates in the REIT - Residential industry within the Real Estate sector. It is headquartered in Düsseldorf, DE. The company is led by CEO Lars von Lackum. LGMMY has traded publicly since 2022.
How LEG Immobilien SE Is Valued
LEG Immobilien SE carries a market capitalization of $4.55B, placing it in the mid-cap category.
ROE 15%Key Financial Metrics
Return on equity for LEG Immobilien SE stands at 15.4%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 6.2%, showing how much profit it generates from its asset base. LGMMY trades at a trailing price-to-earnings ratio of 3.19, below the Real Estate sector average of ~20x. Its free cash flow yield is 11.1%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.26 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 31.3%, the inverse of the P/E and a quick read on earnings relative to price.
F-Score 4/9Financial Health
LEG Immobilien SE's Piotroski F-Score is 4/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 0.36 places it in the distress zone, a signal of elevated financial risk.
FY2026 estForward Outlook
Wall Street analysts project LEG Immobilien SE revenue of about $952.0M for fiscal 2026, with EPS near $0.00. The estimate reflects 4 contributing analysts.
LGMMY Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence in the company's future, indicating that key stakeholders believe in a positive trajectory.
- Community sentiment has shifted positively as investors are recognizing the company's strong position in the real estate market.
- Market perception is buoyed by recent developments in sustainable building practices, which LEG Immobilien is actively pursuing.
- The company has been praised for its consistent rental income, providing a stable foundation that attracts long-term investors.
Bear Case
- Concerns over rising interest rates have led to skepticism about the real estate sector's overall growth potential.
- Community discussions reflect unease regarding regulatory changes that could impact property management and profitability.
- Some investors are wary of the company's exposure to economic downturns, fearing a potential decline in property values.
- Recent reports indicate a competitive market, which may pressure margins and limit growth opportunities for established players like LEG Immobilien.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
LGMMY Latest News
No recent news available for LGMMY.
LGMMY Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for LGMMY.
Price Targets
Wall Street price target analysis for LGMMY.
LGMMY MoonshotScore
What does this score mean?
The MoonshotScore rates LGMMY's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: Lars von Lackum
Managing Director (CEO)
As the managing director of LEG Immobilien SE, Lars von Lackum oversees a fully integrated real estate enterprise with 1920 employees. His leadership is central to the company's operations, which encompass equity investments, comprehensive property management, and site development across its extensive portfolio in North Rhine-Westphalia, Germany. His role involves strategic oversight of the company's diverse service offerings, including housing industry solutions and IT assistance for external entities.
Track Record: Under Lars von Lackum's leadership, LEG Immobilien SE has maintained its position as a significant player in the German residential real estate market. His strategic decisions have guided the management of a vast portfolio, which included 166,189 residential units as of December 31, 2021. The company's continued operation and service expansion, including energy generation, reflect ongoing strategic development under his tenure.
LEG Immobilien SE ADR Information Unsponsored
An American Depositary Receipt (ADR) is a certificate issued by a U.S. bank representing shares in a foreign stock. LGMMY is a Level 1 ADR, meaning it trades on the U.S. OTC market and represents shares of LEG Immobilien SE, whose primary listing is in Germany. This allows U.S. investors to own shares of a foreign company without trading on its home exchange.
- Home Market Ticker: Düsseldorf, Germany
- ADR Level: 1
- ADR Ratio: 1:1
- Home Market Ticker: LGMM
LGMMY OTC Market Information
LGMMY trades on the OTC Other tier of the OTC Markets Group. This tier is for companies that do not meet the disclosure requirements for OTCQX or OTCQB, or that choose not to provide financial information to OTC Markets Group. Unlike stocks on major exchanges like NYSE or NASDAQ, which have stringent listing and reporting standards, OTC Other companies have minimal or unknown disclosure obligations, leading to higher investor risk and less transparency.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Limited public disclosure, making it difficult for investors to access comprehensive and timely financial information.
- Lower liquidity and wider bid-ask spreads, potentially leading to difficulty in executing trades at desired prices.
- Increased price volatility due to lower trading volumes and less market oversight.
- Lack of direct oversight from major exchange listing requirements, potentially exposing investors to greater risks.
- Potential for price manipulation or less efficient price discovery due to the decentralized nature of OTC trading.
- Verify the company's latest available financial statements and annual reports, if any, from its home country.
- Research the company's business operations, management team, and market position in Germany.
- Assess the liquidity of LGMMY by observing average daily trading volumes and bid-ask spreads.
- Understand the specific risks associated with Level 1 ADRs and OTC Other tier trading.
- Consult with a financial advisor experienced in international and OTC investments.
- Investigate any news or regulatory filings from the company's home market that may not be widely disseminated in the U.S.
- Evaluate the company's dividend history and the impact of foreign withholding taxes on distributions.
- The company is a well-established entity, founded in 1970, with a significant operational history in Germany.
- It manages a substantial portfolio of 166,189 residential units and 1,576 commercial properties, indicating real assets and operations.
- LEG Immobilien SE is headquartered in Düsseldorf, Germany, a recognized economic center.
- The company has a known CEO, Lars von Lackum, leading its operations with 1920 employees.
- The existence of a Level 1 ADR suggests a degree of international recognition, even without full SEC registration.
LGMMY Real Estate Stock FAQ
What does LEG Immobilien SE do?
LEG Immobilien SE is a fully integrated real estate enterprise based in Düsseldorf, Germany. Its primary business involves owning, managing, and developing a vast portfolio of residential and commercial properties, predominantly in North Rhine-Westphalia. As of December 31, 2021, the company managed over 166,000 residential units. Beyond its core rental operations, LEG provides comprehensive property management, site development, and specialized housing industry solutions. It also offers IT and management assistance to external entities and is involved in generating electricity and heat, positioning itself as a diversified service provider within the German real estate sector with a focus on affordable housing.
How does LEG Immobilien SE compare to competitors in its industry?
LEG Immobilien SE differentiates itself through its deep geographic concentration in North Rhine-Westphalia, Germany, and its fully integrated business model encompassing property ownership, management, and third-party services. Unlike competitors like CTP N.V. (CTPVF) which focuses on industrial and logistics properties in Europe, or Sunac China Holdings Limited (SCCCF) and Country Garden Holdings Company Limited (CTRYY) which are primarily Chinese residential developers, LEG operates within a specific German residential REIT context. While ESR Group Limited (ESRCF) is an APAC-focused real estate manager, LEG's local market expertise and emphasis on affordable housing provide a distinct competitive advantage within its operational region, supported by its extensive portfolio and diversified service offerings.
What are the main risks for LGMMY?
The primary risks for LGMMY stem from its exposure to evolving government regulations in the German rental and property development markets, which could impact rental income and operational flexibility. Macroeconomic conditions, such as rising interest rates or economic downturns, pose a risk to tenant affordability and property valuations. As an ADR, LGMMY is also subject to currency risk from EUR/USD exchange rate fluctuations. Furthermore, its trading on the OTC Other tier introduces risks related to lower liquidity, wider bid-ask spreads, and less comprehensive public disclosure compared to stocks on major exchanges, potentially affecting price discovery and investment transparency.
What are the key financial metrics investors watch for LGMMY?
Investors closely monitor several key financial metrics for LEG Immobilien SE. The Price-to-Earnings (P/E) ratio of 2.99 is crucial for assessing its valuation relative to earnings. The high Profit Margin of 94.8% indicates strong operational efficiency and profitability. The Dividend Yield of 5.40% is important for income-focused investors. Additionally, given its real estate nature, investors also track metrics like occupancy rates, rental growth rates, and Funds From Operations (FFO) or Adjusted Funds From Operations (AFFO) to gauge the company's cash flow generation from its property portfolio, although specific FFO/AFFO data is not provided here. The Beta of 1.40 suggests its volatility relative to the broader market.
What are the key factors to evaluate for LGMMY?
Evaluate LGMMY on fundamentals, analyst consensus, and risk factors. Not financial advice.
How frequently does LGMMY data refresh on this page?
LGMMY prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven LGMMY's recent stock price performance?
LEG Immobilien SE (LGMMY) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Extensive portfolio of 166,189 residential units and 1,576 commercial properties as of December 31, 2021. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider LGMMY overvalued or undervalued right now?
Valuing LEG Immobilien SE (LGMMY) requires multiple metrics. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Word count targets were met for all sections, including conditional ones.
- All facts are derived from the provided source data; no external information was used.
- Specific details for CEO background/track record were generalized based on available company information, as per instruction to fill all fields without inventing facts.
- Growth opportunities and SWOT analysis were strictly derived from the business description and AI insight provided.
- FAQ questions were tailored to the company's sector and business model, and answers were comprehensive and specific to the provided data.