Just caught LEG's full-year numbers and they're looking solid. AFFO hit 220.5 million euros, up 10% from last year - that BCP portfolio integration at the start of the year really paid off. Per-share AFFO came in at 2.92 euros versus 2.69 euros prior year. The rental growth across their LEG portfolio segments is pushing things in the right direction too. FFO I climbed 5.2% to 481.5 million euros, and net cold rent jumped 7% to nearly 920 million euros. What caught my eye is their 2026 outlook - they're guiding for AFFO between 220-240 million euros, which suggests they expect continued momentum. FFO I projected at 475-495 million euros range. They're also expecting rental growth of 3.8-4.0% next year. The dividend got bumped to 2.92 euros per share (8% increase), which they'll put to vote at the AGM on May 27. LEG shares were down slightly at close, trading around 66 euros, but the fundamentals seem to be holding up pretty well given the real estate headwinds we've seen.

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