Analyses on Living Stone (5)
- May 28, 2026May 28, 2026
- Follow-up
Living Stone's Unhedged Shekel Bond Is Already Driving Quarterly Earnings
The unhedged shekel bond has made the shekel-euro rate a variable that can drive Living Stone's quarterly earnings even when the properties continue to produce income.
Living Stone in the First Quarter: The Rent Gap Remains, but Expansion Consumes Cash
Living Stone still shows rent-uplift potential, but the first quarter of 2026 does not yet prove that this potential is becoming accessible parent-company cash. Expansion is consuming liquidity, and Wülfrath will raise the importance of execution and funding discipline.
- March 25, 2026March 25, 2026
- Follow-up
Living Stone: Hamm as the Real Test of the Value-Add Strategy
The Hamm portfolio already proves that Living Stone can execute residential value-add through rent uplift and stabilization, but end-2025 also shows that part of that move is already embedded in value, so the remaining upside depends more on repeated operating proof than on anot…
- Follow-up
Living Stone: How Much Cash Actually Reaches the Parent
By the end of 2025, almost all consolidated cash was already sitting at the parent, but the parent-only statements show that this buffer was built mainly by financing rather than by a recurring upstream cash flow from the assets.
Living Stone: Rents Are Rising, But Parent-Level Cash Generation Is Still Thin
Living Stone has a real residential rent engine in NRW, but 2025 shows that the public story still depends more on funding and platform-building than on clean recurring cash already reaching the parent company.
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