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German (DAX) Real Estate Sector Analysis

UpdatedJul 16, 2025
DataAggregated Company Financials
Companies58
  • 7D-0.8%
  • 3M1.5%
  • 1Y2.4%
  • YTD-3.9%

In the last week, the Real Estate industry is flat overall, with TLG Immobilien standing out by going down 14%. In line with that, the industry has also been flat over the past 12 months. Looking forward, earnings are forecast to grow by 48% annually.

Sector Valuation and Performance

Has the German Real Estate Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 16 Jul 2025€70.9b€19.2b€148.5m19.6x477.4x3.7x
Fri, 13 Jun 2025€66.2b€19.9b-€78,000,620.0519.4x-849.1x3.3x
Sun, 11 May 2025€68.9b€19.6b-€491,548,370.2723.4x-140.1x3.5x
Tue, 08 Apr 2025€60.4b€18.9b-€634,580,061.0920.7x-95.1x3.2x
Thu, 06 Mar 2025€63.3b€17.9b-€6,787,329,199.9120x-9.3x3.5x
Sat, 01 Feb 2025€67.7b€17.9b-€7,469,405,634.6623.8x-9.1x3.8x
Mon, 30 Dec 2024€67.7b€17.8b-€7,659,969,303.9419.5x-8.8x3.8x
Wed, 27 Nov 2024€70.0b€17.4b-€8,776,965,918.1324.9x-8x4x
Fri, 25 Oct 2024€72.0b€17.1b-€8,044,836,607.0618.9x-9x4.2x
Sun, 22 Sep 2024€75.6b€17.1b-€7,964,360,487.9021.9x-9.5x4.4x
Tue, 20 Aug 2024€70.1b€17.1b-€8,531,546,170.9323.8x-8.2x4.1x
Thu, 18 Jul 2024€67.4b€17.4b-€12,456,181,945.9525.1x-5.4x3.9x
Sat, 15 Jun 2024€65.7b€17.5b-€12,653,298,197.1627.6x-5.2x3.8x
Mon, 13 May 2024€66.1b€17.5b-€12,774,194,594.0026.3x-5.2x3.8x
Wed, 10 Apr 2024€66.5b€17.6b-€17,070,080,259.0033.4x-3.9x3.8x
Fri, 08 Mar 2024€66.3b€18.2b-€16,941,095,517.0031.9x-3.9x3.6x
Sun, 04 Feb 2024€75.8b€19.1b-€18,081,970,683.0029.8x-4.2x4x
Tue, 02 Jan 2024€78.5b€19.0b-€18,166,375,683.0034.1x-4.3x4.1x
Thu, 30 Nov 2023€74.3b€19.4b-€17,147,216,977.0012.5x-4.3x3.8x
Sat, 28 Oct 2023€66.1b€19.8b-€16,821,210,398.0013.2x-3.9x3.3x
Mon, 25 Sep 2023€73.4b€19.8b-€16,962,641,658.0012.8x-4.3x3.7x
Wed, 23 Aug 2023€67.7b€20.1b-€14,566,503,911.0017.2x-4.6x3.4x
Fri, 21 Jul 2023€70.6b€21.1b-€3,997,425,491.0017.6x-17.7x3.3x
Sun, 18 Jun 2023€67.4b€21.1b-€3,768,697,490.0017.3x-17.9x3.2x
Tue, 16 May 2023€66.5b€21.6b-€3,206,047,625.0016.3x-20.7x3.1x
Thu, 13 Apr 2023€62.5b€25.4b-€1,913,344,774.0014.4x-32.7x2.5x
Sat, 11 Mar 2023€67.9b€26.1b€4.7b13.5x14.4x2.6x
Mon, 06 Feb 2023€78.3b€26.0b€6.6b11.1x11.8x3x
Wed, 04 Jan 2023€71.8b€26.0b€6.6b11.2x10.8x2.8x
Fri, 02 Dec 2022€71.4b€25.8b€7.0b11.8x10.2x2.8x
Sun, 30 Oct 2022€70.6b€25.1b€7.5b11x9.4x2.8x
Tue, 27 Sep 2022€66.1b€25.1b€7.5b11.1x8.8x2.6x
Thu, 25 Aug 2022€80.1b€24.6b€8.2b12.5x9.8x3.3x
Sat, 23 Jul 2022€80.9b€22.8b€8.6b11.9x9.4x3.5x
Price to Earnings Ratio

9.4x


Total Market Cap: €80.9bTotal Earnings: €8.6bTotal Revenue: €22.8bTotal Market Cap vs Earnings and Revenue0%0%0%
German Real Estate Sector Price to Earnings3Y Average -27.8x202320242025
Current Industry PE
  • Investors are optimistic on the German Real Estate industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 478x which is higher than its 3-year average PE of -27.8x.
  • The industry is trading close to its 3-year average PS ratio of 3.5x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have declined 74% per year over the last three years,
  • Revenues have also declined 5.6% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the German Real Estate sector?

DE Market-0.51%
Real Estate-0.79%
Office REITs0%0
Real Estate-0.79%
Retail REITs-0.86%
REITS-6.28%
Industry PE
  • Investors are most optimistic about the Real Estate industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 48.7%, which is higher than its past year's earnings growth of 9.9% per year.
  • Investors are most pessimistic about the Retail REITs industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 5.9x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 49% over the next 5 years.
  • This is better than its past earnings growth rate of 9.9% per year.
  • In contrast, the Retail REITs industry is expected to see its earnings grow by 7.2% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
AT1 Aroundtown€3.082.7%
+€89.7m
44.2%PE14.9x
GYC Grand City Properties€11.061.8%
+€35.2m
-3.1%PE8.5x
TEG TAG Immobilien€14.410.9%
+€22.9m
-2.6%PE23.6x
INS Instone Real Estate Group€9.434.4%
+€17.3m
0.2%PE11.4x
GTY Gateway Real Estate€0.947.3%
+€12.0m
209.2%PE0.8x

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