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Hamborner REIT

DB:HAB
Snowflake Description

Average dividend payer and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HAB
DB
€722M
Market Cap
  1. Home
  2. DE
  3. Real Estate
Company description

HAMBORNER REIT AG is a stock exchange-listed public limited company that exclusively operates in the property sector and is positioned as a portfolio holder for high-yielding commercial properties. The last earnings update was 47 days ago. More info.


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HAB Share Price and Events
7 Day Returns
0.8%
DB:HAB
1.4%
DE REITs
0.2%
DE Market
1 Year Returns
-0.9%
DB:HAB
13.9%
DE REITs
-10.9%
DE Market
HAB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hamborner REIT (HAB) 0.8% -0.5% -1.7% -0.9% -4.5% 16.7%
DE REITs 1.4% 2% 6.8% 13.9% 2.2% 13.5%
DE Market 0.2% -2.5% -2% -10.9% 8.9% 6.3%
1 Year Return vs Industry and Market
  • HAB underperformed the REITs industry which returned 13.9% over the past year.
  • HAB outperformed the Market in Germany which returned -10.9% over the past year.
Price Volatility
HAB
Industry
5yr Volatility vs Market

Value

 Is Hamborner REIT undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Hamborner REIT to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Hamborner REIT.

DB:HAB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity using Funds From Operations
Levered Funds From Operations Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:HAB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.49
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.493 (1 + (1- 30%) (89.89%))
0.868
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.87
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.868 * 5.96%)
5.4%

Discounted Cash Flow Calculation for DB:HAB using 2 Stage Free Cash Flow to Equity using Funds From Operations Model

The calculations below outline how an intrinsic value for Hamborner REIT is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Hamborner REIT is a Real Estate Investment Trust (REIT), we use funds from operations (FFO) or adjusted funds from operations (AFFO) instead of levered free cash flow for REITs. This excludes depreciation and borrowing. Ideally analysts estimates of AFFO are used, where these aren't available we use FFO.

DB:HAB DCF 1st Stage: Next 10 year cash flow forecast
Funds From Operations (FFO) (EUR, Millions) Source Present Value
Discounted (@ 5.4%)
2019 53.13 Analyst x3 50.41
2020 57.07 Analyst x3 51.37
2021 59.20 Analyst x3 50.55
2022 61.47 Est @ 3.83% 49.80
2023 63.15 Est @ 2.75% 48.54
2024 64.41 Est @ 1.99% 46.97
2025 65.35 Est @ 1.46% 45.21
2026 66.07 Est @ 1.09% 43.37
2027 66.62 Est @ 0.83% 41.48
2028 67.05 Est @ 0.65% 39.61
Present value of next 10 years cash flows €467.32
DB:HAB DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €67.05 × (1 + 0.23%) ÷ (5.4% – 0.23%)
€1,298.50
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €1,298.50 ÷ (1 + 5.4%)10
€767.17
DB:HAB Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €467.32 + €767.17
€1,234.49
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €1,234.49 / 79.72
€15.49
DB:HAB Discount to Share Price
Calculation Result
Value per share (EUR) From above. €15.55
Current discount Discount to share price of €9.10
= -1 x (€9.10 - €15.55) / €15.55
41.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Hamborner REIT is available for.
Intrinsic value
41%
Share price is €9.1 vs Future cash flow value of €15.55
Current Discount Checks
For Hamborner REIT to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Hamborner REIT's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Hamborner REIT's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Hamborner REIT's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hamborner REIT's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:HAB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in EUR €0.24
XTRA:HAB Share Price ** XTRA (2019-06-18) in EUR €9.06
Germany REITs Industry PE Ratio Median Figure of 5 Publicly-Listed REITs Companies 12.77x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.63x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Hamborner REIT.

DB:HAB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= XTRA:HAB Share Price ÷ EPS (both in EUR)

= 9.06 ÷ 0.24

37.02x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hamborner REIT is overvalued based on earnings compared to the DE REITs industry average.
  • Hamborner REIT is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Hamborner REIT's expected growth come at a high price?
Raw Data
DB:HAB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 37.02x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
6.2%per year
Europe REITs Industry PEG Ratio Median Figure of 61 Publicly-Listed REITs Companies 0.65x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.46x

*Line of best fit is calculated by linear regression .

DB:HAB PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 37.02x ÷ 6.2%

5.99x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hamborner REIT is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Hamborner REIT's assets?
Raw Data
DB:HAB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in EUR €6.72
XTRA:HAB Share Price * XTRA (2019-06-18) in EUR €9.06
Germany REITs Industry PB Ratio Median Figure of 5 Publicly-Listed REITs Companies 1.35x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.77x
DB:HAB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= XTRA:HAB Share Price ÷ Book Value per Share (both in EUR)

= 9.06 ÷ 6.72

1.35x

* Primary Listing of Hamborner REIT.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hamborner REIT is good value based on assets compared to the DE REITs industry average.
X
Value checks
We assess Hamborner REIT's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. Hamborner REIT has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Hamborner REIT expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hamborner REIT expected to grow at an attractive rate?
  • Hamborner REIT's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Hamborner REIT's earnings growth is positive but not above the Germany market average.
  • Hamborner REIT's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:HAB Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:HAB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 6.2%
DB:HAB Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts -0.6%
Germany REITs Industry Earnings Growth Rate Market Cap Weighted Average -5.1%
Europe REITs Industry Revenue Growth Rate Market Cap Weighted Average 2.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:HAB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:HAB Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 92 63 22 3
2020-12-31 90 62 20 3
2019-12-31 87 58 17 1
DB:HAB Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-03-31 98 69 20
2018-12-31 97 67 19
2018-09-30 95 66 17
2018-06-30 92 63 16
2018-03-31 88 60 17
2017-12-31 85 59 18
2017-09-30 82 58 19
2017-06-30 78 58 19
2017-03-31 74 54 16
2016-12-31 70 51 17
2016-09-30 67 47 19
2016-06-30 65 44 18

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Hamborner REIT's earnings are expected to grow by 6.2% yearly, however this is not considered high growth (20% yearly).
  • Hamborner REIT's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:HAB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Hamborner REIT Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:HAB Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.27 0.30 0.25 3.00
2020-12-31 0.25 0.27 0.24 4.00
2019-12-31 0.22 0.22 0.22 4.00
DB:HAB Past Financials Data
Date (Data in EUR Millions) EPS *
2019-03-31 0.24
2018-12-31 0.24
2018-09-30 0.21
2018-06-30 0.20
2018-03-31 0.21
2017-12-31 0.22
2017-09-30 0.24
2017-06-30 0.26
2017-03-31 0.22
2016-12-31 0.26
2016-09-30 0.32
2016-06-30 0.29

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Hamborner REIT is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Hamborner REIT's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Hamborner REIT has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Hamborner REIT performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Hamborner REIT's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Hamborner REIT's year on year earnings growth rate has been positive over the past 5 years.
  • Hamborner REIT's 1-year earnings growth exceeds its 5-year average (16.7% vs 7.4%)
  • Hamborner REIT's earnings growth has not exceeded the DE REITs industry average in the past year (16.7% vs 69.6%).
Earnings and Revenue History
Hamborner REIT's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Hamborner REIT Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:HAB Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 97.75 19.51 6.68
2018-12-31 96.87 19.40 6.51
2018-09-30 94.57 17.12 5.81
2018-06-30 91.64 16.31 5.76
2018-03-31 88.44 16.73 6.29
2017-12-31 85.29 17.68 6.32
2017-09-30 81.82 19.05 5.55
2017-06-30 77.59 19.47 5.43
2017-03-31 73.79 15.71 5.44
2016-12-31 70.05 17.42 5.26
2016-09-30 67.11 19.22 5.30
2016-06-30 64.62 17.57 5.23
2016-03-31 61.59 17.51 4.94
2015-12-31 58.17 13.78 5.05
2015-09-30 55.90 9.53 4.85
2015-06-30 53.86 10.31 4.82
2015-03-31 52.66 13.17 4.78
2014-12-31 52.47 17.11 4.56
2014-09-30 51.90 17.08 4.51
2014-06-30 51.72 14.75 4.45
2014-03-31 51.29 11.13 4.52
2013-12-31 50.25 8.52 4.44
2013-09-30 47.87 9.58 4.29
2013-06-30 45.16 9.58 4.11
2013-03-31 42.63 9.55 3.97
2012-12-31 40.41 7.74 3.86
2012-09-30 39.40 8.19 3.81
2012-06-30 38.70 8.41 3.79

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Hamborner REIT has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Hamborner REIT used its assets less efficiently than the DE REITs industry average last year based on Return on Assets.
  • Hamborner REIT's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Hamborner REIT's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Hamborner REIT has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Hamborner REIT's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Hamborner REIT's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hamborner REIT's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Hamborner REIT's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Hamborner REIT's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Hamborner REIT Company Filings, last reported 2 months ago.

DB:HAB Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 535.74 649.20 11.95
2018-12-31 532.43 651.46 7.78
2018-09-30 528.33 651.92 17.94
2018-06-30 522.48 656.46 10.46
2018-03-31 552.16 667.66 91.53
2017-12-31 548.16 598.18 58.11
2017-09-30 545.33 555.54 41.50
2017-06-30 539.78 490.10 29.13
2017-03-31 566.59 447.23 14.64
2016-12-31 561.31 419.98 75.34
2016-09-30 556.57 423.02 118.91
2016-06-30 389.07 425.25 28.58
2016-03-31 412.26 392.42 28.33
2015-12-31 406.07 352.58 27.13
2015-09-30 400.46 356.47 49.62
2015-06-30 296.48 359.49 7.37
2015-03-31 313.93 330.16 27.88
2014-12-31 270.20 333.23 10.37
2014-09-30 268.57 336.04 28.08
2014-06-30 264.12 338.17 21.75
2014-03-31 277.71 340.17 32.30
2013-12-31 271.74 342.36 28.15
2013-09-30 269.97 322.15 19.58
2013-06-30 267.32 313.05 5.24
2013-03-31 281.73 279.64 3.43
2012-12-31 276.75 245.90 29.13
2012-09-30 276.29 238.32 66.08
2012-06-30 202.89 238.93 7.99
  • Hamborner REIT's level of debt (121.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (122.6% vs 121.2% today).
  • Debt is not well covered by operating cash flow (10.6%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.2x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Hamborner REIT's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Hamborner REIT has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Hamborner REIT's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.08%
Current annual income from Hamborner REIT dividends. Estimated to be 5.3% next year.
If you bought €2,000 of Hamborner REIT shares you are expected to receive €102 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Hamborner REIT's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • Hamborner REIT's dividend is above the markets top 25% of dividend payers in Germany (3.94%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:HAB Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Germany REITs Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 3.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:HAB Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.48 3.00
2020-12-31 0.48 4.00
2019-12-31 0.46 1.00
DB:HAB Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-27 0.460 4.995
2018-03-21 0.450 4.951
2018-02-08 0.450 4.837
2017-03-28 0.430 4.605
2016-03-22 0.420 4.461
2016-02-22 0.420 4.502
2015-05-08 0.400 4.386
2014-03-26 0.400 4.768
2014-02-06 0.400 5.264
2013-03-28 0.400 5.543
2013-03-27 0.400 5.616
2012-03-29 0.400 5.589
2012-03-22 0.400 5.266
2011-03-23 0.370 5.431
2011-02-09 0.370 4.776
2010-03-26 0.370 4.767

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Hamborner REIT has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Hamborner REIT only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Hamborner REIT's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (119.3x coverage).
X
Income/ dividend checks
We assess Hamborner REIT's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Hamborner REIT afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hamborner REIT has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Hamborner REIT's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • Hamborner REIT has no CEO, or we have no data on them.
Management Team

Rüdiger Mrotzek

TITLE
Director of Finance & Accounting
COMPENSATION
€676K
AGE
61

Hans Schmitz

TITLE
Director-Asset Mgmt.Tech/Maintenance
COMPENSATION
€672K
AGE
62
TENURE
10.5 yrs

Christoph Heitmann

TITLE
Investor Relations Contact

Hans-Bernd Prior

TITLE
Executive
TENURE
6.4 yrs
Board of Directors Tenure

Average tenure and age of the Hamborner REIT board of directors in years:

2.6
Average Tenure
60
Average Age
  • The average tenure for the Hamborner REIT board of directors is less than 3 years, this suggests a new board.
Board of Directors

Bärbel Schomberg

TITLE
Chairwoman of the Supervisory Board
COMPENSATION
€56K
AGE
67
TENURE
1.2 yrs

Andreas Mattner

TITLE
Deputy Chairman of the Supervisory Board
COMPENSATION
€40K
AGE
58
TENURE
1.2 yrs

Eckart von Freyend

TITLE
Honorary Chairman of the Supervisory Board
COMPENSATION
€20K
AGE
76
TENURE
1.2 yrs

Claus-Matthias Böge

TITLE
Supervisory Board Member
COMPENSATION
€40K
AGE
59
TENURE
4.1 yrs

Christel Kaufmann-Hocker

TITLE
Supervisory Board Member
COMPENSATION
€30K
AGE
69
TENURE
9 yrs

Mechthilde Dordel

TITLE
Employee Representative Member of Supervisory Board
COMPENSATION
€25K
AGE
50
TENURE
9 yrs

Dieter Rolke

TITLE
Employee Representative Member of Supervisory Board
COMPENSATION
€25K
AGE
59
TENURE
7.4 yrs

Wolfgang Heidermann

TITLE
Employee Representative Member of Supervisory Board
COMPENSATION
€30K
AGE
61
TENURE
6.4 yrs

Rolf Glessing

TITLE
Member of the Supervisory Board
COMPENSATION
€22K
TENURE
1.2 yrs

Ulrich Graebner

TITLE
Supervisory Board Member
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Hamborner REIT's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Hamborner REIT has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

HAMBORNER REIT AG is a stock exchange-listed public limited company that exclusively operates in the property sector and is positioned as a portfolio holder for high-yielding commercial properties. The company has sustainable rental incomes, with a nationally-dispersed substantial property portfolio as its foundation. Attractive retail trade spaces in key town centre sites of German cities and intermediate centres form the focal point of the portfolio. In addition, the property portfolio includes highly-frequented specialist stores and profitable office buildings, as well as spaces for medical practices. HAMBORNER REIT AG stands out due to its many years of experience in the property and capital market, its lean and transparent corporate structure as well as its special proximity to the tenants. Since February 18, 2010 HAMBORNER has been a registered Real Estate Investment Trust (REIT) and benefits at company level from exemption from corporation and trade tax.

Details
Name: Hamborner REIT AG
HAB
Exchange: DB
Founded:
€722,241,863
79,717,645
Website: http://www.hamborner.de
Address: Hamborner REIT AG
Goethestrasse 45,
Duisburg,
47166,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA HAB Ordinary Shares XETRA Trading Platform DE EUR 02. Jan 1992
DB HAB Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0MCG Ordinary Shares London Stock Exchange GB EUR 02. Jan 1992
SWX HAB Ordinary Shares SIX Swiss Exchange CH CHF 02. Jan 1992
WBAG HAB Ordinary Shares Wiener Boerse AG AT EUR 02. Jan 1992
BATS-CHIXE HABD Ordinary Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
39
Hamborner REIT employees.
Industry
Diversified REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/18 20:47
End of day share price update: 2019/06/18 00:00
Last estimates confirmation: 2019/05/29
Last earnings filing: 2019/05/02
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.