Hamborner REIT AG (DE:HABA)
XETRA:HABA
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Hamborner REIT
(XETRA:HABA)
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Rating:61Neutral
Price Target:
€5.50
▲(11.56% Upside)
Action:Reiterated
Date:05/09/26
The score is driven primarily by a steady but constrained financial profile: profitability has improved and cash flow is positive, but elevated leverage and weaker TTM earnings quality (negative gross profit) limit confidence. Technically, momentum is supportive with the price above key moving averages and a positive MACD, though near-overbought signals temper the outlook. Valuation is balanced by a very high dividend yield versus a high P/E.
Positive Factors
Recurring rental income model
Hamborner's core business is long-term leasing of commercial properties with contractually agreed rents and tenant cost recoveries. This produces predictable, recurring cash inflows that support dividend distributions and operational stability over coming quarters, reducing revenue volatility inherent in cyclical markets.
Negative Factors
Elevated leverage
A debt/equity ratio near 1.6x leaves the REIT more exposed to refinancing risk and interest-rate moves, reducing financial flexibility. Over several months this amplifies vulnerability to asset-value swings or higher rates, constraining capital allocation and making dividend funding more reliant on steady cash flows.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring rental income model
Hamborner's core business is long-term leasing of commercial properties with contractually agreed rents and tenant cost recoveries. This produces predictable, recurring cash inflows that support dividend distributions and operational stability over coming quarters, reducing revenue volatility inherent in cyclical markets.
Read all positive factors
Hamborner REIT (HABA) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€410.78M
Dividend Yield10.9%
Average Volume (3M)110.61K
Price to Earnings (P/E)32.3
Beta (1Y)0.37
Revenue Growth-3.82%
EPS Growth-9.42%
CountryDE
Employees55
SectorReal Estate
Sector Strength53
IndustryREIT - Diversified
Share Statistics
EPS (TTM)0.16
Shares Outstanding81,343,346
10 Day Avg. Volume150,011
30 Day Avg. Volume110,607
Financial Highlights & Ratios
PEG Ratio-1.16
Price to Book (P/B)0.95
Price to Sales (P/S)3.41
P/FCF Ratio8.23
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€7.08Price Target Upside43.51% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.11
Revenue Forecast (FY)€92.00M
Hamborner REIT Business Overview & Revenue Model
Company Description
HAMBORNER REIT AG a public company listed in the SDAX that operates exclusively in the property sector and is positioned as a portfolio holder for high-yield commercial properties. The company generates sustainable rental income on the basis of a ...
How the Company Makes Money
Hamborner REIT makes money primarily by renting out space in its commercial real estate portfolio and collecting contractually agreed rental payments from tenants. The main revenue stream is rental income from retail and office properties, typical...
Hamborner REIT Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
52
Neutral
Cash Flow
61
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 106.69M | 106.66M | 105.68M | 104.56M | 99.23M | 98.38M |
| Gross Profit | -23.30M | 73.75M | 74.98M | 75.98M | 72.01M | 74.63M |
| EBITDA | 68.08M | 67.77M | 73.72M | 69.04M | 64.12M | 105.99M |
| Net Income | 12.77M | 12.50M | 16.27M | -660.00K | 13.31M | 54.26M |
Balance Sheet | ||||||
| Total Assets | 1.06B | 1.06B | 1.13B | 1.16B | 1.29B | 1.29B |
| Cash, Cash Equivalents and Short-Term Investments | 62.15M | 42.51M | 52.16M | 43.30M | 130.67M | 84.78M |
| Total Debt | 637.65M | 639.92M | 652.64M | 682.86M | 770.71M | 747.70M |
| Total Liabilities | 676.06M | 677.83M | 722.31M | 726.68M | 814.82M | 788.41M |
| Stockholders Equity | 387.49M | 384.64M | 411.17M | 434.12M | 473.60M | 497.37M |
Cash Flow | ||||||
| Free Cash Flow | 47.49M | 44.17M | 56.33M | 40.16M | 8.73M | -2.50M |
| Operating Cash Flow | 49.48M | 46.52M | 60.77M | 68.72M | 62.79M | 66.97M |
| Investing Cash Flow | 13.56M | 25.04M | 3.56M | -15.21M | -35.67M | 92.79M |
| Financing Cash Flow | -43.66M | -80.83M | -55.87M | -140.32M | 19.01M | -111.38M |
Hamborner REIT Technical Analysis
Positive
4.93
Price Trends
4.74
Positive
4.70
Positive
4.94
Positive
Market Momentum
0.09
Positive
59.31
Neutral
72.86
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:HABA, the sentiment is Positive. The current price of 4.93 is below the 20-day moving average (MA) of 4.96, above the 50-day MA of 4.74, and below the 200-day MA of 4.94, indicating a bullish trend. The MACD of 0.09 indicates Positive momentum. The RSI at 59.31 is Neutral, neither overbought nor oversold. The STOCH value of 72.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:HABA.
Hamborner REIT Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | €261.79M | 4.16 | 4.43% | 0.39% | 48.31% | 125.34% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
61 Neutral | €410.78M | 32.28 | 3.33% | 10.90% | -3.82% | -9.42% | |
60 Neutral | €394.70M | 5.07 | 8.38% | 6.36% | 8.97% | 41.85% | |
53 Neutral | €176.43M | 16.34 | -14.57% | ― | -26.99% | -312.20% | |
53 Neutral | €643.83M | 13.13 | 2.22% | 4.33% | 7.37% | 60.95% | |
39 Underperform | €100.28M | -0.37 | -40.94% | ― | -13.22% | -67.54% |
* Real Estate Sector Average
DE:HABA
Hamborner REIT
5.07
-0.82
-13.86%
DE:BRNK
DIC ASSET
1.19
-0.61
-33.74%
DE:DKG
Deutsche Konsum REIT AG
1.63
-1.24
-43.21%
DE:PAT
Patrizia Immobilien
7.63
-0.11
-1.36%
DE:VIH1
VIB Vermoegen AG
7.98
0.88
12.39%
DE:INS
Instone Real Estate Group
8.46
-0.05
-0.65%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.