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German REIT owning and managing shopping centers in Germany and neighboring European countries.
German REIT owning and managing shopping centers in Germany and neighboring European countries.
Collects rent from shop tenants, usually a fixed base amount with extra tied to the tenant's sales, so shop turnover affects income. It owns shopping centres rather than managing others' properties, and several are held alongside co-investors.
In one line: A German shopping-center REIT like a smaller Simon Property Group.
Moat: narrow (installed base, scale). Portfolio of well-located regional shopping centers, but exposed to retail-tenant health and e-commerce competition.
Headquarters: Hamburg, Germany · Founded: 1984
Size Deutsche EuroShop (DEQ.DE) is a Germany Real Estate company (Real Estate Development) with a market value of $1.40B, the 126th largest of 205 Germany companies the cockpit tracks. Shares closed at €16.48 on 6 Nov 2026.
Performance Over six months the shares fell 16.2%, against -14.2% for the median peer and +2.6% for the Germany market (cap-weighted) — 10th lowest of 20 in its peer set.
Growth Revenue grew 1.6% over the last twelve months (peer median +4.4%); the operating margin is 75.8% (peer median 16.4%).
Valuation It trades at 9.5× forward earnings against a peer median of 12.6× (6th cheapest of 15).
Credit Deutsche EuroShop has 1 bond outstanding ($557M), rated BBB- by the agencies and trading like BB at a weighted spread of 202 bp.
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €284M | €273M | €274M | €276M | €215M |
| Revenue growth | — | 0% | -1% | +28% | — |
| Gross profit | €233M | €224M | €228M | €205M | €178M |
| EBITDA | €215M | €212M | €216M | €196M | €153M |
| Net income | €216M | €215M | €124M | -€38.3M | €21.4M |
| Free cash flow | €142M | €133M | €160M | €175M | €141M |
| Capital expenditure | €64,000 | €86,000 | €15,000 | €16,000 | €15,000 |
| Total debt | €2.09B | €2.09B | €1.81B | €1.68B | €1.48B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Deutsche EuroShop DEQ.DE | $1.40B | -16% | +2% | 76% | 9.5× | n/a |
| Unibail-Rodamco-Westfield SE Stapled Secs Cons of 1 Sh Unibail Rodamco + 1 Sh WFD Unib Rod URW.PA | n/a | -7% | n/a | n/a | n/a | n/a |
| Klepierre LI.PA | $11.6B | +8% | +3% | 63% | 13.1× | n/a |
| Hammerson HMSO.L | $2.80B | +13% | +92% | 49% | 15.2× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | DEQ.DE | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +5.5% | -0.7% | 5th highest of 21 |
| 6-month return | -16.2% | -14.2% | 10th lowest of 20 |
| Distance from 52-week high | -21.9% | -30.6% | 8th highest of 21 |
| Revenue growth (TTM) | +1.6% | +4.4% | 10th lowest of 21 |
| Operating margin | 75.8% | 16.4% | 2nd highest of 21 |
| Forward P/E | 9.5× | 12.6× | 6th cheapest of 15 |
| Bond spread | 202 bp | 171 bp | 2nd widest of 5 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Deutsche EuroShop DEQ.DE | Germany | $1.40B | -16% | +2% | 76% | 9.5× | n/a | n/a |
| China Overseas Property 2669.HK | Hong Kong | $1.41B | -17% | +11% | 11% | 7.0× | n/a | n/a |
| Cham Swiss Properties CHAM.SW | Switzerland | $1.38B | -5% | -78% | 32% | 102.7× | n/a | n/a |
| Grand City Properties GYC.DE | Germany | $1.42B | -19% | +2% | 55% | 5.3× | n/a | n/a |
| Grandjoy 000031.SZ | China | $1.38B | -30% | -25% | 3% | n/a | n/a | n/a |
| Shanghai Chengtou 600649.SS | China | $1.38B | -14% | -53% | 6% | 28.3× | n/a | n/a |
| Evergrande Property Services 6666.HK | Hong Kong | $1.37B | -34% | +9% | 10% | n/a | n/a | n/a |
| Shanghai Jinqiao Export Processing Zone Development 600639.SS | China | $1.37B | -10% | +203% | 23% | 5.7× | n/a | n/a |
| Zug Estates ZUGN.SW | Switzerland | $1.37B | -2% | +1% | 62% | 27.3× | n/a | n/a |
| Opendoor Technologies OPEN | United States | $1.36B | -72% | -37% | -16% | n/a | n/a | n/a |
| Sobha SOBHA.NS | India | $1.44B | -12% | +10% | 4% | 29.9× | n/a | n/a |
| China Merchants Property Operation & Service 001914.SZ | China | $1.36B | -16% | +6% | 5% | 9.8× | n/a | n/a |
| Seazen 1030.HK | Hong Kong | $1.36B | -36% | -35% | 16% | 12.8× | n/a | n/a |
| Atrium Ljungberg ATRLJ-B.ST | Sweden | $1.45B | -24% | +8% | 55% | 12.3× | n/a | n/a |
| Starts 8850.T | Japan | $1.35B | -6% | +7% | 14% | 7.8× | n/a | n/a |
| NP3 Fastigheter NP3.ST | Sweden | $1.45B | -14% | +11% | 72% | 13.9× | n/a | n/a |
| Intea Fastigheter INTEA-B.ST | Sweden | $1.45B | -11% | +28% | 79% | 14.4× | n/a | n/a |
| Horizon Industrial Parks HORIZONIND.NS | India | $1.33B | n/a | +83% | 44% | n/a | n/a | n/a |
| Gmp Property SOCIMI YGMP.MC | Spain | $1.33B | -4% | 0% | 53% | n/a | n/a | n/a |
| Icade ICAD.PA | France | $1.33B | -22% | -9% | 17% | 5.3× | n/a | n/a |
| Shenzhen Heungkong 600162.SS | China | $1.48B | +63% | -25% | -1% | n/a | n/a | n/a |
Deutsche EuroShop has 1 bond outstanding with $557M face value. The agencies rate it BBB-; its bonds trade like BB. Weighted yield 5.00%, a spread of 202 bp over government bonds.