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1. Company Snapshot

1.a. Company Description

Hamborner REIT AG operates in the property sector.The firm focuses on high-yielding commercial properties.Its portfolio includes retail and office property types.


The company was founded on June 18, 1953, and is headquartered in Duisburg, Germany.

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1.b. Last Insights on HABA

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1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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Hamborner REIT AG (XTER:HABA) Q3 2025 Earnings Call Highlights: Resilience Amid Market Challenges

Nov -07

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HAMBORNER REIT AG: Annual General Meeting 2025

Jun -26

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (1.15%)

6. Segments

Rents and Leases

Expected Growth: 1.2%

Hamborner REIT AG's 1.2% growth in Rents and Leases is driven by a strong German economy, increasing demand for commercial spaces, and strategic acquisitions. Additionally, the company's focus on high-quality properties and active asset management contribute to rental income growth. Furthermore, a low vacancy rate and long-term leases provide a stable source of revenue, supporting the company's growth momentum.

Incidental Costs Passed on to Tenants

Expected Growth: 0.8%

Hamborner REIT AG's 0.8% growth in incidental costs passed on to tenants is driven by moderate inflation, stable occupancy rates, and a slight increase in operating expenses. Additionally, the company's focus on maintaining a high-quality portfolio and efficient cost management practices have contributed to this growth.

7. Detailed Products

Rental of Commercial Properties

Hamborner REIT AG offers rental of commercial properties, including office buildings, retail spaces, and logistics centers, providing tenants with flexible and modern spaces to operate their businesses.

Property Management Services

Hamborner REIT AG provides comprehensive property management services, including maintenance, repairs, and administrative tasks, ensuring that properties are well-maintained and tenants' needs are met.

Real Estate Development

Hamborner REIT AG develops and redevelops commercial properties, creating modern and sustainable spaces that meet the needs of tenants and investors.

Investment and Asset Management

Hamborner REIT AG offers investment and asset management services, providing investors with opportunities to invest in a diversified portfolio of commercial properties.

8. Hamborner REIT AG's Porter Forces

Forces Ranking

Threat Of Substitutes

Hamborner REIT AG operates in the real estate industry, which has a moderate threat of substitutes. While there are alternative investment options available, the company's focus on commercial properties in Germany reduces the threat of substitutes.

Bargaining Power Of Customers

Hamborner REIT AG's customers are primarily tenants of commercial properties. The company's diversified tenant base and long-term lease agreements reduce the bargaining power of customers.

Bargaining Power Of Suppliers

Hamborner REIT AG's suppliers are primarily construction companies and property managers. The company's scale and reputation in the industry reduce the bargaining power of suppliers.

Threat Of New Entrants

The real estate industry has high barriers to entry, including significant capital requirements and regulatory hurdles. This reduces the threat of new entrants for Hamborner REIT AG.

Intensity Of Rivalry

The German real estate market is highly competitive, with several established players competing for tenants and properties. Hamborner REIT AG faces intense rivalry from other real estate companies and investment firms.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 61.13%
Debt Cost 3.95%
Equity Weight 38.87%
Equity Cost 6.66%
WACC 5.00%
Leverage 157.30%

11. Quality Control: Hamborner REIT AG passed 2 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

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Dassault

A-Score: 6.5/10

Value: 5.0

Growth: 5.0

Quality: 7.5

Yield: 6.9

Momentum: 6.5

Volatility: 8.3

1-Year Total Return ->

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Custodian REIT

A-Score: 6.3/10

Value: 5.0

Growth: 4.0

Quality: 7.4

Yield: 9.4

Momentum: 3.5

Volatility: 8.7

1-Year Total Return ->

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Lar España Real Estate

A-Score: 5.7/10

Value: 4.5

Growth: 7.2

Quality: 6.1

Yield: 5.0

Momentum: 5.0

Volatility: 6.3

1-Year Total Return ->

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Xior Student Housing

A-Score: 5.6/10

Value: 3.2

Growth: 5.8

Quality: 4.5

Yield: 8.8

Momentum: 2.5

Volatility: 8.7

1-Year Total Return ->

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Hamborner REIT

A-Score: 5.4/10

Value: 4.5

Growth: 2.4

Quality: 4.6

Yield: 9.4

Momentum: 2.0

Volatility: 9.7

1-Year Total Return ->

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abrdn Property Income Trust

A-Score: 4.6/10

Value: 9.8

Growth: 1.0

Quality: 6.6

Yield: 9.4

Momentum: 0.0

Volatility: 0.7

1-Year Total Return ->

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

4.54$

Current Price

4.54$

Potential

-0.00%

Expected Cash-Flows