(HABA) Hamborner REIT - Overview
Exchange: XETRA •
Country: Germany •
Currency: EUR •
Type: Common Stock •
ISIN: DE000A3H2333
Stock: Retail Parks, Office Buildings, Commercial Properties, Real Estate
Total Rating 25
Risk 62
Buy Signal -0.90
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 8.00% |
| Yield on Cost 5y | 7.10% |
| Yield CAGR 5y | 36.07% |
| Payout Consistency | 93.2% |
| Payout Ratio | 2.8% |
| Risk 5d forecast | |
|---|---|
| Volatility | 16.1% |
| Relative Tail Risk | -1.82% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -1.44 |
| Alpha | -24.54 |
| Character TTM | |
|---|---|
| Beta | -0.034 |
| Beta Downside | -0.019 |
| Drawdowns 3y | |
|---|---|
| Max DD | 31.35% |
| CAGR/Max DD | -0.24 |
Description: HABA Hamborner REIT December 26, 2025
Hamborner REIT AG (XETRA:HABA) is a German-listed REIT that owns a €1.4 billion portfolio of high-yield commercial real estate, primarily large-scale retail, retail-park, DIY, and modern office assets located in prime downtown, district-center, and high-traffic suburban sites across major and medium-sized German cities. The company emphasizes sustainable rental income, a transparent corporate structure, and a dividend policy supported by the REIT-specific exemption from corporate and trade taxes.
Key metrics that investors watch include an occupancy rate of roughly 95 % (Q3 2024), a weighted-average lease term of about 7 years, and a trailing dividend yield near 5.5 % (2024). The portfolio’s performance is sensitive to German macro-factors such as consumer-spending trends, the ongoing shift toward e-commerce (which pressures traditional retail but benefits DIY stores), and the European interest-rate environment that influences cap-rate compression.
For a deeper, data-driven view of HABA’s valuation and risk profile, you might explore the analytics available on ValueRay.
Piotroski VR‑10 (Strict, 0-10) 4.5
| Net Income: 13.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA 0.82 > 1.0 |
| NWC/Revenue: -71.72% < 20% (prev -28.84%; Δ -42.88% < -1%) |
| CFO/TA 0.06 > 3% & CFO 59.2m > Net Income 13.9m |
| Net Debt (609.1m) to EBITDA (70.5m): 8.64 < 3 |
| Current Ratio: 0.53 > 1.5 & < 3 |
| Outstanding Shares: last quarter (81.3m) vs 12m ago 2.14% < -2% |
| Gross Margin: 61.42% > 18% (prev 0.62%; Δ 6080 % > 0.5%) |
| Asset Turnover: 9.38% > 50% (prev 9.38%; Δ -0.00% > 0%) |
| Interest Coverage Ratio: 2.72 > 6 (EBITDA TTM 70.5m / Interest Expense TTM 10.0m) |
Altman Z'' -0.04
| A: -0.07 (Total Current Assets 82.5m - Total Current Liabilities 155.7m) / Total Assets 1.05b |
| B: 0.03 (Retained Earnings 27.6m / Total Assets 1.05b) |
| C: 0.03 (EBIT TTM 27.2m / Avg Total Assets 1.09b) |
| D: 0.16 (Book Value of Equity 105.2m / Total Liabilities 666.3m) |
| Altman-Z'' Score: -0.04 = B |
Beneish M -3.01
| DSRI: 1.13 (Receivables 3.56m/3.27m, Revenue 102.1m/105.9m) |
| GMI: 1.01 (GM 61.42% / 61.98%) |
| AQI: 0.96 (AQ_t 0.92 / AQ_t-1 0.96) |
| SGI: 0.96 (Revenue 102.1m / 105.9m) |
| TATA: -0.04 (NI 13.9m - CFO 59.2m) / TA 1.05b) |
| Beneish M-Score: -3.01 (Cap -4..+1) = AA |
What is the price of HABA shares?
As of February 07, 2026, the stock is trading at EUR 4.80 with a total of 149,613 shares traded.
Over the past week, the price has changed by +2.56%, over one month by +8.35%, over three months by -0.52% and over the past year by -21.07%.
Over the past week, the price has changed by +2.56%, over one month by +8.35%, over three months by -0.52% and over the past year by -21.07%.
Is HABA a buy, sell or hold?
Hamborner REIT has no consensus analysts rating.
What are the forecasts/targets for the HABA price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 8.4 | 75.6% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 5.1 | 6.5% |
HABA Fundamental Data Overview February 03, 2026
Market Cap USD = 461.2m (390.9m EUR * 1.1801 EUR.USD)
P/E Trailing = 27.4706
P/S = 3.7456
P/B = 1.0033
Revenue TTM = 102.1m EUR
EBIT TTM = 27.2m EUR
EBITDA TTM = 70.5m EUR
Long Term Debt = 487.1m EUR (estimated: total debt 629.8m - short term 142.8m)
Short Term Debt = 142.8m EUR (from shortTermDebt, last quarter)
Debt = 629.8m EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 609.1m EUR (from netDebt column, last quarter)
Enterprise Value = 999.9m EUR (390.9m + Debt 629.8m - CCE 20.8m)
Interest Coverage Ratio = 2.72 (Ebit TTM 27.2m / Interest Expense TTM 10.0m)
EV/FCF = 18.11x (Enterprise Value 999.9m / FCF TTM 55.2m)
FCF Yield = 5.52% (FCF TTM 55.2m / Enterprise Value 999.9m)
FCF Margin = 54.05% (FCF TTM 55.2m / Revenue TTM 102.1m)
Net Margin = 13.62% (Net Income TTM 13.9m / Revenue TTM 102.1m)
Gross Margin = 61.42% ((Revenue TTM 102.1m - Cost of Revenue TTM 39.4m) / Revenue TTM)
Gross Margin QoQ = 35.78% (prev 74.49%)
Tobins Q-Ratio = 0.95 (Enterprise Value 999.9m / Total Assets 1.05b)
Interest Expense / Debt = 0.52% (Interest Expense 3.29m / Debt 629.8m)
Taxrate = 25.0% (EU avg default 25%)
NOPAT = 20.4m (EBIT 27.2m * (1 - 25.00%))
Current Ratio = 0.53 (Total Current Assets 82.5m / Total Current Liabilities 155.7m)
Debt / Equity = 1.65 (Debt 629.8m / totalStockholderEquity, last quarter 381.5m)
Debt / EBITDA = 8.64 (Net Debt 609.1m / EBITDA 70.5m)
Debt / FCF = 11.03 (Net Debt 609.1m / FCF TTM 55.2m)
Total Stockholder Equity = 396.3m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.28% (Net Income 13.9m / Total Assets 1.05b)
RoE = 3.51% (Net Income TTM 13.9m / Total Stockholder Equity 396.3m)
RoCE = 3.08% (EBIT 27.2m / Capital Employed (Equity 396.3m + L.T.Debt 487.1m))
RoIC = 5.09% (NOPAT 20.4m / Invested Capital 401.3m)
WACC = 2.46% (E(390.9m)/V(1.02b) * Re(5.79%) + D(629.8m)/V(1.02b) * Rd(0.52%) * (1-Tc(0.25)))
Discount Rate = 5.79% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 81.65 | Cagr: 0.00%
[DCF Debug] Terminal Value 87.01% ; FCFF base≈53.2m ; Y1≈57.1m ; Y5≈69.7m
Fair Price DCF = 17.86 (EV 2.06b - Net Debt 609.1m = Equity 1.45b / Shares 81.3m; r=5.90% [WACC]; 5y FCF grow 8.24% → 2.90% )
EPS Correlation: -1.70 | EPS CAGR: -7.12% | SUE: N/A | # QB: 0
Revenue Correlation: 51.65 | Revenue CAGR: 1.07% | SUE: 0.28 | # QB: 0
EPS next Year (2026-12-31): EPS=0.13 | Chg30d=-0.012 | Revisions Net=-1 | Growth EPS=+33.3% | Growth Revenue=+1.6%
P/E Trailing = 27.4706
P/S = 3.7456
P/B = 1.0033
Revenue TTM = 102.1m EUR
EBIT TTM = 27.2m EUR
EBITDA TTM = 70.5m EUR
Long Term Debt = 487.1m EUR (estimated: total debt 629.8m - short term 142.8m)
Short Term Debt = 142.8m EUR (from shortTermDebt, last quarter)
Debt = 629.8m EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 609.1m EUR (from netDebt column, last quarter)
Enterprise Value = 999.9m EUR (390.9m + Debt 629.8m - CCE 20.8m)
Interest Coverage Ratio = 2.72 (Ebit TTM 27.2m / Interest Expense TTM 10.0m)
EV/FCF = 18.11x (Enterprise Value 999.9m / FCF TTM 55.2m)
FCF Yield = 5.52% (FCF TTM 55.2m / Enterprise Value 999.9m)
FCF Margin = 54.05% (FCF TTM 55.2m / Revenue TTM 102.1m)
Net Margin = 13.62% (Net Income TTM 13.9m / Revenue TTM 102.1m)
Gross Margin = 61.42% ((Revenue TTM 102.1m - Cost of Revenue TTM 39.4m) / Revenue TTM)
Gross Margin QoQ = 35.78% (prev 74.49%)
Tobins Q-Ratio = 0.95 (Enterprise Value 999.9m / Total Assets 1.05b)
Interest Expense / Debt = 0.52% (Interest Expense 3.29m / Debt 629.8m)
Taxrate = 25.0% (EU avg default 25%)
NOPAT = 20.4m (EBIT 27.2m * (1 - 25.00%))
Current Ratio = 0.53 (Total Current Assets 82.5m / Total Current Liabilities 155.7m)
Debt / Equity = 1.65 (Debt 629.8m / totalStockholderEquity, last quarter 381.5m)
Debt / EBITDA = 8.64 (Net Debt 609.1m / EBITDA 70.5m)
Debt / FCF = 11.03 (Net Debt 609.1m / FCF TTM 55.2m)
Total Stockholder Equity = 396.3m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.28% (Net Income 13.9m / Total Assets 1.05b)
RoE = 3.51% (Net Income TTM 13.9m / Total Stockholder Equity 396.3m)
RoCE = 3.08% (EBIT 27.2m / Capital Employed (Equity 396.3m + L.T.Debt 487.1m))
RoIC = 5.09% (NOPAT 20.4m / Invested Capital 401.3m)
WACC = 2.46% (E(390.9m)/V(1.02b) * Re(5.79%) + D(629.8m)/V(1.02b) * Rd(0.52%) * (1-Tc(0.25)))
Discount Rate = 5.79% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 81.65 | Cagr: 0.00%
[DCF Debug] Terminal Value 87.01% ; FCFF base≈53.2m ; Y1≈57.1m ; Y5≈69.7m
Fair Price DCF = 17.86 (EV 2.06b - Net Debt 609.1m = Equity 1.45b / Shares 81.3m; r=5.90% [WACC]; 5y FCF grow 8.24% → 2.90% )
EPS Correlation: -1.70 | EPS CAGR: -7.12% | SUE: N/A | # QB: 0
Revenue Correlation: 51.65 | Revenue CAGR: 1.07% | SUE: 0.28 | # QB: 0
EPS next Year (2026-12-31): EPS=0.13 | Chg30d=-0.012 | Revisions Net=-1 | Growth EPS=+33.3% | Growth Revenue=+1.6%