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Hamborner REIT
(XETRA:HABA)
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Rating:54Neutral
Price Target:
€4.50
▲(3.69% Upside)
Action:Reiterated
Date:08/10/26
The score is held back primarily by deteriorating profitability (revenue decline and TTM net loss) and weak technical momentum (below key moving averages with negative MACD). Offsetting these risks are resilient, improved cash flows and an unusually high dividend yield, although the negative P/E signals earnings pressure.
Positive Factors
Cash generation
Hamborner’s operating and free cash flow are strongly positive and FCF rose materially versus the prior period. Free cash flow being close to net income despite reported losses indicates underlying cash-earnings strength, supporting dividends, debt service and reinvestment over the next several months.
Negative Factors
Deteriorating profitability
A ~16.7% revenue decline and a TTM net loss materially weaken internal capital generation and retained earnings. Persistent top-line pressure and negative net income constrain the company’s ability to self-fund capex or accelerate debt reduction, increasing reliance on external financing and asset management to restore profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Hamborner’s operating and free cash flow are strongly positive and FCF rose materially versus the prior period. Free cash flow being close to net income despite reported losses indicates underlying cash-earnings strength, supporting dividends, debt service and reinvestment over the next several months.
Read all positive factors
Hamborner REIT (HABA) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€346.52M
Dividend Yield9%
Average Volume (3M)82.83K
Price to Earnings (P/E)―
Beta (1Y)0.44
Revenue Growth-3.50%
EPS Growth-150.86%
CountryDE
Employees61
SectorGeneral
Sector StrengthN/A
IndustryREIT - Diversified
Share Statistics
EPS (TTM)-0.09
Shares Outstanding81,343,346
10 Day Avg. Volume63,431
30 Day Avg. Volume82,832
Financial Highlights & Ratios
PEG Ratio-1.19
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 Upside63.02% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.09
Revenue Forecast (FY)€92.00M
Hamborner REIT Business Overview & Revenue Model
Company Description
Hamborner REIT AG, a publicly traded company on the SDAX, operates exclusively within the real estate sector. It functions as a holder of a diversified portfolio of high-yielding commercial properties across Germany, collectively valued at approxi...
How the Company Makes Money
Hamborner REIT makes money primarily by acquiring, owning, and operating commercial real estate that is leased to tenants.
Key revenue streams:
- Rental income: The core source of revenue is contractually agreed rent paid by tenants occupying the...
Hamborner REIT Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
52
Neutral
Cash Flow
68
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 106.52M | 106.66M | 105.68M | 104.56M | 99.23M | 98.38M |
| Gross Profit | -79.92M | 73.75M | 74.98M | 75.98M | 72.01M | 74.63M |
| EBITDA | 64.75M | 67.77M | 73.72M | 69.04M | 64.12M | 105.99M |
| Net Income | -7.72M | 12.50M | 16.27M | -660.00K | 13.31M | 54.26M |
Balance Sheet | ||||||
| Total Assets | 1.00B | 1.06B | 1.13B | 1.16B | 1.29B | 1.29B |
| Cash, Cash Equivalents and Short-Term Investments | 33.83M | 42.51M | 52.16M | 43.30M | 130.67M | 84.78M |
| Total Debt | 465.44M | 639.92M | 652.64M | 682.86M | 770.71M | 747.70M |
| Total Liabilities | 665.26M | 677.83M | 722.31M | 726.68M | 814.82M | 788.41M |
| Stockholders Equity | 339.22M | 384.64M | 411.17M | 434.12M | 473.60M | 497.37M |
Cash Flow | ||||||
| Free Cash Flow | 48.37M | 44.17M | 56.33M | 40.16M | 8.73M | -2.50M |
| Operating Cash Flow | 49.31M | 46.52M | 60.77M | 68.72M | 62.79M | 66.97M |
| Investing Cash Flow | 14.60M | 25.04M | 3.56M | -15.21M | -35.67M | 92.79M |
| Financing Cash Flow | -41.05M | -80.83M | -55.87M | -140.32M | 19.01M | -111.38M |
Hamborner REIT Technical Analysis
Negative
4.34
Price Trends
4.37
Negative
4.48
Negative
4.35
Negative
Market Momentum
-0.04
Positive
40.90
Neutral
25.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:HABA, the sentiment is Negative. The current price of 4.34 is above the 20-day moving average (MA) of 4.31, below the 50-day MA of 4.37, and below the 200-day MA of 4.35, indicating a bearish trend. The MACD of -0.04 indicates Positive momentum. The RSI at 40.90 is Neutral, neither overbought nor oversold. The STOCH value of 25.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:HABA.
Hamborner REIT Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
60 Neutral | €608.64M | 22.88 | 2.60% | 5.08% | 3.30% | 27.90% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | €346.52M | -46.00 | -2.07% | 9.00% | -3.50% | -150.86% | |
50 Neutral | €155.00M | ― | -13.40% | 1.91% | -26.95% | 45.51% | |
39 Underperform | €50.14M | -0.40 | -19.72% | 9.48% | -13.22% | -67.54% | |
37 Underperform | €40.09M | -0.69 | -45.19% | 7.24% | 29.46% | 43.54% |
* General Sector Average
DE:HABA
Hamborner REIT
4.26
-0.97
-18.53%
DE:DMRE
DEMIRE Deutsche Mittelstand Real Estate ate ate
0.38
-0.29
-43.28%
DE:BRNK
DIC ASSET
0.60
-1.53
-71.83%
DE:DKG
Deutsche Konsum REIT AG
1.41
-0.62
-30.54%
DE:FVI
Fair Value REIT AG
2.66
-1.00
-27.32%
DE:PAT
Patrizia Immobilien
7.09
0.10
1.42%
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.