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German (DAX) Real Estate Sector Analysis
UpdatedJan 22, 2025
DataAggregated Company Financials
Companies58
- 7D0.9%
- 3M-7.9%
- 1Y4.1%
- YTD-5.2%
In the last week, the Real Estate industry is up 3.0%, with Vonovia up 5.2%. In the same time, HB Holding was down 8.0%. In the last 12 months, the industry was up 4.4%. As for the next few years, earnings are expected to grow by 82% per annum.
Sector Valuation and Performance
Has the German Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 22 Jan 2025 | €66.4b | €17.9b | -€7,469,514,603.68 | 24.4x | -8.9x | 3.7x |
| Fri, 20 Dec 2024 | €66.5b | €17.8b | -€7,659,975,090.18 | 19.2x | -8.7x | 3.7x |
| Sun, 17 Nov 2024 | €68.8b | €17.4b | -€8,593,917,056.48 | 24.4x | -8x | 4x |
| Tue, 15 Oct 2024 | €76.4b | €17.2b | -€7,990,940,289.69 | 20.9x | -9.6x | 4.4x |
| Thu, 12 Sep 2024 | €75.2b | €17.1b | -€7,963,910,750.24 | 21.8x | -9.4x | 4.4x |
| Sat, 10 Aug 2024 | €69.1b | €17.2b | -€10,049,226,875.21 | 26.1x | -6.9x | 4x |
| Mon, 08 Jul 2024 | €66.3b | €17.4b | -€12,446,013,136.78 | 25.4x | -5.3x | 3.8x |
| Wed, 05 Jun 2024 | €68.3b | €17.5b | -€12,644,507,679.17 | 27.6x | -5.4x | 3.9x |
| Fri, 03 May 2024 | €66.1b | €17.4b | -€12,784,946,986.00 | 27.6x | -5.2x | 3.8x |
| Sun, 31 Mar 2024 | €68.4b | €17.6b | -€17,000,481,448.00 | 33.4x | -4x | 3.9x |
| Tue, 27 Feb 2024 | €65.7b | €18.2b | -€16,713,208,499.00 | 32.1x | -3.9x | 3.6x |
| Thu, 25 Jan 2024 | €75.5b | €19.0b | -€18,166,375,683.00 | 33.7x | -4.2x | 4x |
| Sat, 23 Dec 2023 | €78.2b | €19.5b | -€17,414,824,644.00 | 20.4x | -4.5x | 4x |
| Mon, 20 Nov 2023 | €73.1b | €19.8b | -€16,908,126,008.00 | 13x | -4.3x | 3.7x |
| Wed, 18 Oct 2023 | €69.6b | €19.8b | -€16,813,014,544.00 | 13.2x | -4.1x | 3.5x |
| Fri, 15 Sep 2023 | €73.3b | €19.8b | -€16,964,669,399.00 | 11x | -4.3x | 3.7x |
| Sun, 13 Aug 2023 | €70.0b | €20.0b | -€11,808,373,941.00 | 16.7x | -5.9x | 3.5x |
| Tue, 11 Jul 2023 | €66.0b | €21.1b | -€3,807,631,250.00 | 19x | -17.3x | 3.1x |
| Thu, 08 Jun 2023 | €65.6b | €21.1b | -€3,750,698,662.00 | 16.5x | -17.5x | 3.1x |
| Sat, 06 May 2023 | €66.8b | €25.2b | -€1,013,924,973.00 | 17.2x | -65.9x | 2.6x |
| Mon, 03 Apr 2023 | €61.1b | €25.2b | -€989,386,875.00 | 14.2x | -61.8x | 2.4x |
| Wed, 01 Mar 2023 | €73.0b | €26.1b | €6.5b | 11.7x | 11.2x | 2.8x |
| Fri, 27 Jan 2023 | €75.9b | €26.0b | €6.6b | 11.1x | 11.4x | 2.9x |
| Sun, 25 Dec 2022 | €68.7b | €26.0b | €6.7b | 12.5x | 10.3x | 2.6x |
| Tue, 22 Nov 2022 | €72.5b | €25.7b | €6.7b | 12.5x | 10.8x | 2.8x |
| Thu, 20 Oct 2022 | €67.8b | €25.1b | €7.5b | 11.2x | 9x | 2.7x |
| Sat, 17 Sep 2022 | €71.4b | €25.1b | €7.5b | 11.8x | 9.5x | 2.8x |
| Mon, 15 Aug 2022 | €85.7b | €24.6b | €8.1b | 12.7x | 10.5x | 3.5x |
| Wed, 13 Jul 2022 | €79.0b | €22.8b | €8.6b | 11.9x | 9.2x | 3.5x |
| Fri, 10 Jun 2022 | €89.0b | €22.9b | €8.5b | 13.3x | 10.4x | 3.9x |
| Sun, 08 May 2022 | €91.6b | €19.8b | €9.3b | 12.5x | 9.8x | 4.6x |
| Tue, 05 Apr 2022 | €104.7b | €18.0b | €10.8b | 14.1x | 9.7x | 5.8x |
| Thu, 03 Mar 2022 | €115.8b | €18.6b | €14.3b | 13.7x | 8.1x | 6.2x |
| Sat, 29 Jan 2022 | €122.9b | €18.8b | €14.6b | 13.7x | 8.4x | 6.5x |
Price to Earnings Ratio
8.4x
Current Industry PE
- Investors are relatively neutral on the German Real Estate industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PS ratio of 3.7x.
Past Earnings Growth
- Total earnings for the Real Estate industry have declined over the last three years, with the industry now making a loss overall.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the German Real Estate sector?
| DE Market | 3.05% | |
| Real Estate | 0.95% | |
| Office REITs | 3.36% | |
| Retail REITs | 1.60% | |
| Real Estate | 0.91% | |
| Specialized REITs | 0% | 0 |
| Residential REITs | 0% | 0 |
| Hotel and Resort REITs | 0% | 0 |
| Industrial REITs | 0% | 0 |
| Health Care REITs | 0% | 0 |
| REITS | -6.19% | |
Industry PE
- Investors are most optimistic about the Retail REITs industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 19.4%, which is lower than the prior year's growth of 37.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Office REITs industry, expecting annual earnings growth of 114% over the next 5 years.
- In contrast, the Retail REITs industry is expected to see its earnings grow by 19% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| O5G CPI Property Group | €0.82 | 2.5% +€171.1m | -11.8% | PS4.4x | |
| TLG TLG Immobilien | €15.60 | 6.1% +€96.1m | 6.8% | PB0.8x | |
| GIB GSW Immobilien | €90.00 | 1.1% +€56.7m | 42.9% | n/a | |
| AOX alstria office REIT-AG | €5.46 | 2.2% +€21.4m | 58.7% | PB0.7x | |
| CGX CGRE | €9.85 | 40.7% +€17.1m | 1,307.1% | n/a |
