BENO Holding AG: Light Industrial Asset Manager and Portfolio Holder reports preliminary unaudited figures for fiscal year 2024

Munich 07/08/2025 (pta025/07.08.2025/15:15 UTC+2)

BENO Holding AG (ISIN: DE000A11QLP3), a specialized portfolio holder and asset manager focusing on mission-critical industrial real estate, announces preliminary unaudited financial results for fiscal year 2024.

In the 2024 fiscal year, BENO Holding AG generated consolidated rental income (net cold rent plus service charges) of approximately EUR 8.7 million, compared to EUR 9.7 million in the prior year. The Group's net income (EAT) amounted to EUR 4.1 million (prior year: EUR 5.4 million), highlighting the company's continued strong profitability. As of the reporting date, the Group held liquid funds of EUR 2.5 million (prior year: EUR 4.9 million). Operating cash flow was EUR -0.5 million (prior year: EUR 1.9 million), primarily reflecting investments made in the transformation and long-term future viability of the portfolio.

"The slight decline in revenue is essentially due to two effects," explains Michael Bussmann, CEO of BENO Holding AG.
"Firstly, service charges billed to tenants were significantly lower than in the previous year (-26.6%) due to timing differences in cost allocations. These are essentially pass-through items that affect revenue within the fiscal year, but remain largely neutral over multiple years.
Secondly, temporary vacancy-related rent losses at the Weinsberg and Dortmund sites (a transformation property) led to a 3.8% year-on-year decline in net cold rents."

Focus remains on active portfolio development and digital operational excellence

In the current year, BENO continues to prioritize active portfolio transformation and efficient asset management supported by digital twins, intelligent software solutions, and remote monitoring technologies.

"The value potential of our portfolio remains substantial," Bussmann continues. "With an average book value of approximately EUR 386 per square meter of building space (excluding land), compared to new construction costs of roughly EUR 1,700 per square meter, we see considerable upside. We are committed to leveraging the embodied ('grey') energy invested in existing buildings over past decades and unlocking their transformation potential."

About the Company

BENO Holding AG is a specialized asset manager and long-term holder of mission-critical industrial real estate.
By combining the roles of asset manager and portfolio owner, BENO consistently acts from the perspective of a committed stakeholder. The company's long-term strategy — Buy, Transform & Hold — lays the foundation for a sustainable, attractive, and profitable real estate investment for all stakeholders.

As a pioneer in the development and implementation of digital twins, BENO goes beyond the scope of a traditional property holder. Through close collaboration with technology partners in the emerging field of digital twin technology, BENO actively drives research and experimentation with innovative solutions.

The company's Assets under Management (AUM) currently comprise 12 locations across Germany, with approximately 36 tenants and a total usable area of around 158,000 m². The market value of the real estate portfolio is approximately EUR 90 million.

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Emitter:	BENO Holding AG Brienner Str. 7 80333 München Germany
Contact Person:	Florian Renner
Phone:	+49 89 20 500 555
E-Mail:	info@beno-holding.de
Website:	www.beno-gruppe.de
ISIN(s):	DE000A11QLP3 (Share) DE000A3H2XT2 (Bond)
Stock Exchange(s):	Free Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Munich, Stuttgart