Hamborner REIT Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Niclas Karoff

Chief executive officer

€813.0k

Total compensation

CEO salary percentage	48.0%
CEO tenure	4.3yrs
CEO ownership	n/a
Management average tenure	no data
Board average tenure	6.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Niclas Karoff's remuneration changed compared to Hamborner REIT's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	-€458k
Dec 31 2023	€813k	€390k	-€660k
Sep 30 2023	n/a	n/a	€5m
Jun 30 2023	n/a	n/a	€5m
Mar 31 2023	n/a	n/a	€16m
Dec 31 2022	€775k	€350k	€13m
Sep 30 2022	n/a	n/a	€11m
Jun 30 2022	n/a	n/a	€15m
Mar 31 2022	n/a	n/a	€46m
Dec 31 2021	€775k	€350k	€54m
Sep 30 2021	n/a	n/a	€44m
Jun 30 2021	n/a	n/a	€44m
Mar 31 2021	n/a	n/a	-€2m
Dec 31 2020	€773k	€292k	-€9m

Compensation vs Market: Niclas's total compensation ($USD875.23K) is about average for companies of similar size in the UK market ($USD1.04M).

Compensation vs Earnings: Niclas's compensation has increased whilst the company is unprofitable.

CEO

Niclas Karoff (52 yo)

4.3yrs

Tenure

€813,000

Compensation

Mr. Niclas Karoff has been the Chief Financial Officer of Hamborner REIT AG since 2023 and its Chief Executive Officer since January 23, 2020 and has been its Chairman of the Management Board since March 0...

Board Members

Name	Position	Tenure	Compensation	Ownership
Ulrich Graebner	Independent Supervisory Board Member	5yrs	€45.00k	no data
Claus-Matthias Boge	Independent Deputy Chairman of Supervisory Board Member	9yrs	€67.50k	no data
Eckart von Freyend	Honorary Chairman of the Supervisory Board	6.1yrs	no data	no data
Christel Kaufmann-Hocker	Independent Supervisory Board Member	13.9yrs	€40.00k	no data
Mechthilde Dordel	Employee Representative Member of Supervisory Board	13.9yrs	€35.00k	no data
Andreas Mattner	Independent Supervisory Board Chairman	7yrs	€90.00k	no data
Rolf Glessing	Independent Member of the Supervisory Board	6.1yrs	€40.00k	no data
Maria Dreo-Tempsch	Supervisory Board Member	3.6yrs	€45.00k	no data
Klaus Hogeweg	Employee Representative Member of Supervisory Board	3.6yrs	€35.00k	no data
Johannes Weller	Employee Representative Member of Supervisory Board	3.6yrs	€40.00k	no data

6.1yrs

Average Tenure

60yo

Average Age

Experienced Board: 0MCG's board of directors are considered experienced (6.1 years average tenure).

Hamborner REIT Management

Management criteria checks 2/4

Key information

Recent management updates

Hamborner REIT AG, Annual General Meeting, Apr 25, 2024

Hamborner REIT AG, Annual General Meeting, Apr 27, 2023

HAMBORNER REIT AG Announces Board Changes

Hamborner REIT AG, Annual General Meeting, Apr 28, 2022

Hamborner REIT AG Announces Board Changes

Recent updates

First quarter 2024 earnings released: EPS: €0.06 (vs €0.062 in 1Q 2023)

Upcoming dividend of €0.48 per share

Full year 2023 earnings released: €0.01 loss per share (vs €0.16 profit in FY 2022)

Hamborner REIT AG to Report Q3, 2024 Results on Nov 07, 2024

Dividend of €0.48 announced

Hamborner REIT AG to Report First Half, 2024 Results on Aug 08, 2024

Hamborner REIT AG to Report Q1, 2024 Results on Apr 23, 2024

Now 21% undervalued

Third quarter 2023 earnings released: EPS: €0.06 (vs €0.05 in 3Q 2022)

Hamborner REIT AG, Annual General Meeting, Apr 25, 2024

New minor risk - Earnings quality

Second quarter 2023 earnings released: €0.09 loss per share (vs €0.05 profit in 2Q 2022)

Hamborner REIT AG (XTRA:HABA) Signed an agreement to acquire two retail properties in Hanau and Offenburg for €23.6 million.

Hamborner REIT AG (XTRA:HABA) Signed an agreement to acquire two retail properties in Hanau and Offenburg for €23.6 million.

Upcoming dividend of €0.47 per share at 6.6% yield

Full year 2022 earnings released: EPS: €0.16 (vs €0.67 in FY 2021)

Now 21% undervalued after recent price drop

Now 21% undervalued after recent price drop

Hamborner REIT AG to Report Fiscal Year 2022 Results on Feb 09, 2023

Now 21% undervalued

Hamborner REIT AG, Annual General Meeting, Apr 27, 2023

Second quarter 2022 earnings released: EPS: €0.05 (vs €0.43 in 2Q 2021)

HAMBORNER REIT AG Announces Board Changes

First quarter 2022 earnings released: EPS: €0.03 (vs €0.13 in 1Q 2021)

Upcoming dividend of €0.47 per share

Hamborner REIT AG (XTRA:HABA) signed an agreement to acquire DIY store with a garden centre at Kempten from Seyband Holding Gmbh.

Hamborner REIT AG (XTRA:HABA) signed an agreement to acquire DIY store with a garden centre at Kempten from Seyband Holding Gmbh.

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Hamborner REIT AG Intends to Propose Dividend for the Year 2021

Hamborner REIT AG, Annual General Meeting, Apr 28, 2022

An unknown buyer acquired a portfolio of 10 commercial buildings from Hamborner REIT AG (XTRA:HABA) for approximately €130 million.

Third quarter 2021 earnings released: EPS €0.11 (vs €0.11 in 3Q 2020)

Second quarter 2021 earnings released: EPS €0.43 (vs €0.15 loss in 2Q 2020)

Hamborner REIT AG Approves Dividend for 2020, Payable on 27 May 2021

Hamborner REIT AG (XTRA:HABA) signed a purchase agreement to acquire an office property in Muenster for approximately €23.9 million.

Upcoming dividend of €0.47 per share

Full year 2020 earnings released: €0.12 loss per share (vs €0.22 profit in FY 2019)

Hamborner REIT AG to Report First Half, 2021 Results on Jul 29, 2021

Hamborner REIT AG Renews Lease with Core Tenant in O3 Office Property in Cologne

Hamborner REIT AG (XTRA:HABA) signed an agreement to acquire office property in Mainz.

Hamborner REIT AG to Report Fiscal Year 2020 Final Results on Mar 22, 2021

The Hartinger Group acquired listed residential and commercial building at Bahnhofstrasse 2 in the center of Augsburg from Hamborner REIT AG (XTRA:HAB).

New 90-day high: €9.19

New 90-day high: €9.19

An unknown buyer signed a contract to acquire Nine Properties in Germany from Hamborner REIT AG (XTRA:HAB).

Hamborner REIT AG to Report Q3, 2021 Results on Nov 09, 2021

Hamborner REIT AG (XTRA:HAB) signed the purchase agreement to acquire a small retail centre in Dietzenbach from a family office.

An unknown buyer agreed to acquire Retail property in Oldenburg from Hamborner REIT AG (XTRA:HAB).

Third quarter 2020 earnings released: EPS €0.11

New 90-day low: €8.24

Hamborner REIT AG Announces Board Changes

Upcoming Dividend of €0.94 Per Share

Hamborner REIT AG (XTRA:HAB) completed the acquisition of retail property in Lengerich from project development company.

New 90-day high: €8.79

An unknown family office acquired Commercial building in Osnabrück from Hamborner REIT AG (XTRA:HAB).

Hamborner REIT AG (XTRA:HAB) acquired office properties in Neu-Isenburg and Bonn for €42.1 million.

Hamborner REIT AG (XTRA:HAB) completed the acquisition of two office properties in Aachen and Bonn from KPE Projektentwicklung GmbH & Co. KG.