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German (DAX) Real Estate Sector Analysis

UpdatedMar 03, 2024
DataAggregated Company Financials
Companies60
  • 7D-0.4%
  • 3M-3.3%
  • 1Y-5.8%
  • YTD-6.8%

In the last week, Real Estate has been flat. As for the longer term, the industry has declined 5.8% in the last year. As for the next few years, earnings are expected to grow by 90% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 03 Mar 2024€66.3b€18.2b-€16,704,228,499.0031.3x-4x3.6x
Tue, 30 Jan 2024€76.3b€19.1b-€18,081,970,683.0030.9x-4.2x4x
Thu, 28 Dec 2023€78.9b€19.5b-€17,393,200,644.0020.4x-4.5x4.1x
Sat, 25 Nov 2023€73.5b€19.8b-€16,908,126,008.0012.6x-4.3x3.7x
Mon, 23 Oct 2023€66.2b€19.8b-€16,817,903,742.0013.3x-3.9x3.3x
Wed, 20 Sep 2023€73.1b€19.8b-€16,957,318,688.0012.2x-4.3x3.7x
Fri, 18 Aug 2023€68.6b€20.1b-€14,549,531,347.0016.5x-4.7x3.4x
Sun, 16 Jul 2023€68.5b€21.1b-€3,805,617,600.0017.5x-18x3.2x
Tue, 13 Jun 2023€66.9b€21.1b-€3,751,392,993.0016.5x-17.8x3.2x
Thu, 11 May 2023€66.3b€21.5b-€3,166,494,874.0017.2x-20.9x3.1x
Sat, 08 Apr 2023€61.2b€25.4b-€1,910,389,479.0014.4x-32x2.4x
Mon, 06 Mar 2023€72.5b€26.1b€6.3b12.4x11.6x2.8x
Wed, 01 Feb 2023€75.4b€26.0b€6.6b11.2x11.3x2.9x
Fri, 30 Dec 2022€70.1b€26.0b€6.6b11.2x10.5x2.7x
Sun, 27 Nov 2022€73.1b€25.7b€6.7b12.4x10.9x2.8x
Tue, 25 Oct 2022€68.1b€25.1b€7.5b11x9x2.7x
Thu, 22 Sep 2022€69.5b€25.1b€7.5b11.5x9.3x2.8x
Sat, 20 Aug 2022€81.7b€24.6b€8.2b12.5x9.9x3.3x
Mon, 18 Jul 2022€78.3b€22.8b€8.6b11.7x9.1x3.4x
Wed, 15 Jun 2022€84.6b€22.8b€8.5b12.6x9.9x3.7x
Fri, 13 May 2022€92.4b€22.9b€9.0b12.5x10.3x4x
Sun, 10 Apr 2022€101.4b€18.5b€11.2b13.5x9.1x5.5x
Tue, 08 Mar 2022€109.6b€18.6b€14.2b13x7.7x5.9x
Thu, 03 Feb 2022€120.0b€18.6b€14.3b14x8.4x6.5x
Sat, 01 Jan 2022€117.8b€18.2b€13.9b14x8.5x6.5x
Mon, 29 Nov 2021€110.9b€18.3b€13.4b14.5x8.3x6.1x
Wed, 27 Oct 2021€115.6b€18.2b€11.8b15x9.8x6.4x
Fri, 24 Sep 2021€116.7b€18.1b€11.8b14.7x9.9x6.4x
Sun, 22 Aug 2021€123.7b€18.3b€12.0b14.1x10.3x6.8x
Fri, 09 Jul 2021€116.0b€18.3b€12.0b13.6x9.6x6.3x
Thu, 01 Apr 2021€108.2b€18.2b€10.0b13.3x10.8x5.9x
Price to Earnings Ratio

11.2x


Total Market Cap: €107.4bTotal Earnings: €9.6bTotal Revenue: €18.3bTotal Market Cap vs Earnings and Revenue0%0%0%
German Real Estate Sector Price to Earnings3Y Average 5x202220232024
Current Industry PE
  • Investors are pessimistic on the German Real Estate industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The 3-year average PS ratio of 4.3x is higher than the industry's current PS ratio of 3.6x.
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 Market1.21%
Real Estate-0.43%
REITS5.11%
Office REITs0.55%
Specialized REITs0%
Residential REITs0%
Hotel and Resort REITs0%
Industrial REITs0%
Health Care REITs0%
Real Estate-0.43%
Retail REITs-1.84%
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Office REITs industry, expecting annual earnings growth of 124% over the next 5 years.
    • In contrast, the Retail REITs industry is expected to see its earnings grow by 39% 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
    VNA Vonovia€26.731.1%
    +€236.2m
    16.5%PS3.4x
    O5G CPI Property Group€0.940.5%
    +€43.2m
    3.3%PS4.8x
    PAG PREOS Global Office Real Estate & Technology€0.1782.3%
    +€9.0m
    -94.5%PB0.1x
    WCMK WCM Beteiligungs- und Grundbesitz-AG€1.912.1%
    +€6.0m
    -46.3%PS2.3x
    CRZK CR Energy€24.902.5%
    +€3.4m
    -20.2%PE2.3x
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    Latest News

    WCMK

    €1.91

    WCM Beteiligungs- und Grundbesitz-AG

    7D

    2.1%

    1Y

    -46.3%

    DEF

    €26.10

    DEFAMA Deutsche Fachmarkt

    7D

    1.2%

    1Y

    8.8%

    KBU

    €6.80

    TAG Colonia-Immobilien

    7D

    -15.0%

    1Y

    -22.7%

    TEG

    €11.52

    TAG Immobilien

    7D

    -1.3%

    1Y

    49.2%

    DWNI

    €19.34

    Deutsche Wohnen

    7D

    -1.6%

    1Y

    -11.4%

    VIH1

    €13.40

    VIB Vermögen

    7D

    -5.0%

    1Y

    -31.2%

    PBY

    €10.05

    Publity

    7D

    -27.2%

    1Y

    -63.2%

    SPB

    €1,400.00

    Sedlmayr Grund und Immobilien

    7D

    -4.8%

    1Y

    -34.0%

    VNA

    €26.73

    Vonovia

    7D

    1.1%

    1Y

    16.5%

    O5G

    €0.94

    CPI Property Group

    7D

    0.5%

    1Y

    3.3%

    CRZK

    €24.90

    CR Energy

    7D

    2.5%

    1Y

    -20.2%

    PAG

    €0.17

    PREOS Global Office Real Estate & Technology

    7D

    82.3%

    1Y

    -94.5%

    FVI

    €3.70

    Fair Value REIT-AG

    7D

    5.1%

    1Y

    -28.8%