HAMBORNER REIT AG is a public company listed in the SDAX that operates exclusively in the property sector and is positioned as a portfolio holder for high-yield commercial properties.
6 star dividend payer and fair value.
Share Price & News
How has Hamborner REIT's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HAB has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: HAB underperformed the German REITs industry which returned 8.1% over the past year.
Return vs Market: HAB underperformed the German Market which returned 3.4% over the past year.
Price Volatility Vs. Market
How volatile is Hamborner REIT's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Hamborner REIT undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HAB (€8.51) is trading below our estimate of fair value (€16.35)
Significantly Below Fair Value: HAB is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: HAB is poor value based on its PE Ratio (38.4x) compared to the DE REITs industry average (8.3x).
PE vs Market: HAB is poor value based on its PE Ratio (38.4x) compared to the German market (20.9x).
Price to Earnings Growth Ratio
PEG Ratio: HAB is poor value based on its PEG Ratio (4.3x)
Price to Book Ratio
PB vs Industry: HAB is good value based on its PB Ratio (1.3x) compared to the DE REITs industry average (1.5x).
How is Hamborner REIT forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HAB's forecast earnings growth (9% per year) is above the savings rate (0.2%).
Earnings vs Market: HAB's earnings (9% per year) are forecast to grow slower than the German market (22.4% per year).
High Growth Earnings: HAB's earnings are forecast to grow, but not significantly.
Revenue vs Market: HAB's revenue is expected to decline over the next 3 years (-0.2% per year).
High Growth Revenue: HAB's revenue is forecast to decline over the next 3 years (-0.2% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HAB's Return on Equity is forecast to be low in 3 years time (6.8%).
How has Hamborner REIT performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HAB has high quality earnings.
Growing Profit Margin: HAB's current net profit margins (17.6%) are lower than last year (20%).
Past Earnings Growth Analysis
Earnings Trend: HAB's earnings have grown by 7.4% per year over the past 5 years.
Accelerating Growth: HAB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: HAB had negative earnings growth (-9.8%) over the past year, making it difficult to compare to the REITs industry average (25.3%).
Return on Equity
High ROE: HAB's Return on Equity (3.4%) is considered low.
How is Hamborner REIT's financial position?
Financial Position Analysis
Short Term Liabilities: HAB's short term assets (€46.8M) do not cover its short term liabilities (€114.2M).
Long Term Liabilities: HAB's short term assets (€46.8M) do not cover its long term liabilities (€655.6M).
Debt to Equity History and Analysis
Debt Level: HAB's debt to equity ratio (139.8%) is considered high.
Reducing Debt: HAB's debt to equity ratio has increased from 105.5% to 139.8% over the past 5 years.
Debt Coverage: HAB's debt is not well covered by operating cash flow (9.7%).
Interest Coverage: HAB's interest payments on its debt are not well covered by EBIT (2.3x coverage).
What is Hamborner REIT current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HAB's dividend (5.54%) is higher than the bottom 25% of dividend payers in the German market (1.25%).
High Dividend: HAB's dividend (5.54%) is in the top 25% of dividend payers in the German market (3.78%)
Stability and Growth of Payments
Stable Dividend: HAB's dividends per share have been stable in the past 10 years.
Growing Dividend: HAB's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (66.2%), HAB's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: HAB's dividends in 3 years are forecast to be thoroughly covered by earnings (0.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Niclas Karoff (49yo)
Mr. Niclas Karoff has been the Chief Executive Officer and Member of the Management Board at Hamborner REIT AG since March 1, 2020. Mr. Karoff has been the Chief Financial Officer at HSH Real Estate AG sin ...
|Director-Asset Mgmt.Tech/Maintenance||11.58yrs||€603.00k||no data|
|CEO & Chairman of Management Board||0.33yr||no data||no data|
|Head of Investor & Public Relations||no data||no data||no data|
|Executive||7.5yrs||no data||no data|
Experienced Management: HAB's management team is seasoned and experienced (7.5 years average tenure).
|Independent Supervisory Board Member||1.17yrs||€21.10k||no data|
|Independent Supervisory Board Member||5.17yrs||€40.00k||no data|
|Honorary Chairman of the Supervisory Board||2.25yrs||no data||no data|
|Independent Supervisory Board Member||10.08yrs||€30.00k||no data|
|Employee Representative Member of Supervisory Board||10.08yrs||€25.00k||no data|
|Independent Chairwoman of the Supervisory Board||2.25yrs||€62.50k||no data|
|Employee Representative Member of Supervisory Board||8.5yrs||€25.00k||no data|
|Independent Deputy Chairman of the Supervisory Board||2.25yrs||€43.80k||no data|
|Employee Representative Member of Supervisory Board||7.5yrs||€30.00k||no data|
|Independent Member of the Supervisory Board||2.25yrs||€32.50k||no data|
Experienced Board: HAB's board of directors are considered experienced (3.7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Hamborner REIT AG's company bio, employee growth, exchange listings and data sources
- Name: Hamborner REIT AG
- Ticker: HAB
- Exchange: DB
- Industry: Retail REITs
- Sector: Real Estate
- Market Cap: €676.006m
- Shares outstanding: 79.72m
- Website: https://www.hamborner.de
Number of Employees
- Hamborner REIT AG
- Goethestrasse 45
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|HAB||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jan 1992|
|HAB||XTRA (XETRA Trading Platform)||Yes||Ordinary Shares||DE||EUR||Jan 1992|
|0MCG||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||EUR||Jan 1992|
|HANB.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Jan 1992|
|HABD||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||EUR||Jan 1992|
|HAB||SWX (SIX Swiss Exchange)||Yes||Ordinary Shares||CH||CHF||Jan 1992|
|HAB||WBAG (Wiener Boerse AG)||Yes||Ordinary Shares||AT||EUR||Jan 1992|
HAMBORNER REIT AG is a public company listed in the SDAX that operates exclusively in the property sector and is positioned as a portfolio holder for high-yield commercial properties. The company generates sustainable rental income on the basis of a diversified portfolio of properties distributed throughout Germany with a total value of around €1.6 billion. The portfolio focuses on modern office properties as well as local supply properties as large-scale retail assets, retail parks, DIY stores and attractive high street properties in major German cities and mid-sized centres. HAMBORNER REIT AG is distinguished by its many years of experience on the property and capital market, its consistent and sustainable dividend policy and its lean and transparent corporate structure. The company is a registered real estate investment trust (REIT) and benefits from corporation and trade tax exemption at company level.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/15 21:56|
|End of Day Share Price||2020/07/15 00:00|
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.