Does Deutsche Real Estate (FRA:DRE2) Deserve A Spot On Your Watchlist?
Apr 09
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German (DAX) Real Estate Sector Analysis
UpdatedApr 14, 2026
DataAggregated Company Financials
Companies60
- 7D2.3%
- 3M-5.8%
- 1Y-10.2%
- YTD-1.9%
In the last week, the Real Estate industry is up 2.3%, with Vonovia up 3.0%. However, the industry is down 10% over the past year. Looking forward, earnings are forecast to grow by 2.6% annually.
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 |
|---|---|---|---|---|---|---|
| Tue, 14 Apr 2026 | €59.7b | €17.6b | €7.6b | 13.4x | 7.9x | 3.4x |
| Thu, 12 Mar 2026 | €60.7b | €18.7b | €4.1b | 10.3x | 14.6x | 3.2x |
| Sat, 07 Feb 2026 | €62.1b | €18.8b | €4.1b | 11x | 15.2x | 3.3x |
| Mon, 05 Jan 2026 | €60.3b | €18.8b | €4.1b | 11.1x | 14.7x | 3.2x |
| Wed, 03 Dec 2025 | €66.5b | €19.0b | €4.1b | 10.9x | 16.3x | 3.5x |
| Fri, 31 Oct 2025 | €68.3b | €19.4b | €3.0b | 15.5x | 22.8x | 3.5x |
| Sun, 28 Sep 2025 | €68.5b | €19.4b | €3.0b | 16x | 22.9x | 3.5x |
| Tue, 26 Aug 2025 | €73.2b | €19.4b | €2.0b | 15.7x | 36.6x | 3.8x |
| Thu, 24 Jul 2025 | €70.7b | €19.2b | €148.5m | 20.2x | 476.5x | 3.7x |
| Sat, 21 Jun 2025 | €68.7b | €19.2b | -€82,043,417.34 | 17x | -837.2x | 3.6x |
| Mon, 19 May 2025 | €67.8b | €19.6b | -€289,745,524.91 | 23.6x | -233.9x | 3.5x |
| Wed, 16 Apr 2025 | €64.6b | €18.9b | -€634,136,523.97 | 21.4x | -101.9x | 3.4x |
| Fri, 14 Mar 2025 | €60.9b | €18.0b | -€6,242,845,917.05 | 23.4x | -9.8x | 3.4x |
| Sun, 09 Feb 2025 | €68.0b | €17.9b | -€7,469,359,274.78 | 23.7x | -9.1x | 3.8x |
| Tue, 07 Jan 2025 | €66.9b | €17.9b | -€7,469,322,790.77 | 24.2x | -9x | 3.7x |
| Thu, 05 Dec 2024 | €73.1b | €18.2b | -€7,684,897,560.30 | 19x | -9.5x | 4x |
| Sat, 02 Nov 2024 | €70.0b | €17.1b | -€8,044,893,017.31 | 17.8x | -8.7x | 4.1x |
| Mon, 30 Sep 2024 | €77.6b | €17.1b | -€7,804,464,471.40 | 16.6x | -9.9x | 4.5x |
| Wed, 28 Aug 2024 | €71.8b | €17.2b | -€8,533,653,397.81 | 23.1x | -8.4x | 4.2x |
| Fri, 26 Jul 2024 | €66.9b | €17.4b | -€12,456,195,611.76 | 24.4x | -5.4x | 3.8x |
| Sun, 23 Jun 2024 | €64.1b | €17.5b | -€12,664,897,045.67 | 27.3x | -5.1x | 3.7x |
| Tue, 21 May 2024 | €68.4b | €17.6b | -€12,721,092,494.00 | 26.3x | -5.4x | 3.9x |
| Thu, 18 Apr 2024 | €64.2b | €17.8b | -€17,675,158,986.00 | 28.7x | -3.6x | 3.6x |
| Sat, 16 Mar 2024 | €63.6b | €18.1b | -€17,028,573,517.00 | 30.9x | -3.7x | 3.5x |
| Mon, 12 Feb 2024 | €66.6b | €18.2b | -€16,711,467,399.00 | 32.1x | -4x | 3.7x |
| Wed, 10 Jan 2024 | €75.4b | €19.0b | -€18,166,375,683.00 | 33.4x | -4.2x | 4x |
| Fri, 08 Dec 2023 | €74.8b | €19.5b | -€17,414,828,977.00 | 17.5x | -4.3x | 3.8x |
| Sun, 05 Nov 2023 | €72.5b | €19.7b | -€16,724,848,878.00 | 13.2x | -4.3x | 3.7x |
| Tue, 03 Oct 2023 | €70.6b | €19.8b | -€16,801,019,671.00 | 13.8x | -4.2x | 3.6x |
| Thu, 31 Aug 2023 | €69.8b | €20.2b | -€14,767,666,395.00 | 14.8x | -4.7x | 3.5x |
| Sat, 29 Jul 2023 | €70.6b | €21.1b | -€3,997,404,705.00 | 17.2x | -17.7x | 3.3x |
| Mon, 26 Jun 2023 | €65.5b | €21.1b | -€3,772,640,483.00 | 17.7x | -17.4x | 3.1x |
| Wed, 24 May 2023 | €66.2b | €21.6b | -€3,291,133,520.00 | 16.5x | -20.1x | 3.1x |
| Fri, 21 Apr 2023 | €63.0b | €25.4b | -€2,262,734,543.00 | 17.1x | -27.8x | 2.5x |
Price to Earnings Ratio
-27.8x
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 industry is trading at a PE ratio of 7.9x which is higher than its 3-year average PE of -18.2x.
- The industry is trading close to its 3-year average PS ratio of 3.6x.
Past Earnings Growth
- Total earnings for the Real Estate industry have gone up over the last three years and the industry is now profitable.
- Revenues have declined 12% per year.
- This means that less sales are being generated overall, but since the cost of doing business is lower, profits have been increasing.
Industry Trends
Which industries have driven the changes within the German Real Estate sector?
| DE Market | 2.51% | |
| Real Estate | 2.29% | |
| Real Estate | 2.30% | |
| Retail REITs | 1.60% | |
| REITS | 0% | 0 |
| Office REITs | 0% | 0 |
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 2.1%, which is lower than the prior year's growth of 26.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Retail REITs industry, expecting annual earnings growth of 40% over the next 5 years.
- However this is lower than its past earnings growth rate of 70% per year.
- In contrast, the Real Estate industry is expected to see its earnings grow by 2.1% 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 | |
|---|---|---|---|---|---|
| VNA Vonovia | €23.09 | 3.0% +€576.8m | -15.1% | PE5.4x | |
| DWNI Deutsche Wohnen | €20.35 | 4.1% +€321.5m | -4.0% | PE7.5x | |
| GIB GSW Immobilien | €65.00 | 8.3% +€283.4m | -16.7% | n/a | |
| LEG LEG Immobilien | €60.25 | 4.2% +€185.1m | -15.1% | PE3.1x | |
| TEG TAG Immobilien | €14.86 | 4.5% +€120.9m | 12.3% | PE30.1x |
