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← CockpitCompetitor Analysis › HABA.DE Hamborner REIT AGOpen in the cockpit ↗

Hamborner REIT AGHABA.DECompetitor analysis, valuation and peers

Germany · EUR·Real Estate›Real Estate Investment Trusts
Momentum weak 32
Mkt cap
$370M
US dollars, full cap
Free float
88%
of shares outstanding
$/day
$325,537
20-day average traded
P/B
0.97×
price to book
ROE
-2.1%
delivered
Implied ROE
6.3%
what the price asks
Next earnings
4 days
10 Nov 2026
Close · EUR€4.06
1D+0.1%
1W+1.9%
1M+1.9%
3M-7.5%
6M-19.3%
YTD-9.4%
1Y-16.1%
ATR %1.9%
52w lowhigh23.8% off high

What Hamborner REIT does

Employees: 59

Hamborner REIT at a glance

Size Hamborner REIT (HABA.DE) is a Germany Real Estate company (Real Estate Investment Trusts) with a market value of $370M, the 192nd largest of 205 Germany companies the cockpit tracks. Shares closed at €4.06 on 6 Nov 2026.

Performance Over six months the shares fell 19.3%, against -9.5% for the median peer and +2.6% for the Germany market (cap-weighted) — 7th lowest of 20 in its peer set.

Growth Revenue fell 3.5% over the last twelve months (peer median +0.9%); the operating margin is 5.7% (peer median 48.5%).

Valuation It trades at 0.97× book value against a peer median of 0.82× (4th most expensive of 21).

Price implies The share price implies a return on equity of about 6.3%; Hamborner REIT delivers -2.2%, so the price asks more than the business earns today.

Next results Next results expected around 10 Nov 2026 (exchange calendar; dates can move).

Relative performance

809010011 May 202611 Aug 20266 Nov 2026Peer median 90HABA.DE 82
Six months, rebased to 100: Hamborner REIT against the median of its 20 peers (local-currency closes).

Hamborner REIT financials

Reported figures in EUR; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue€106M€107M€111M€106M€101M
Revenue growth—-4%+4%+5%—
Gross profit€19.2M€36.6M€36.8M€21.9M€37.4M
EBITDA€64.7M€65.1M€68.3M€67.0M€63.4M
Net income-€7.73M€12.5M€16.3M-€660,000€13.3M
Free cash flow€44.8M€44.2M€41.7M€26.9M-€3.58M
Capital expenditure€945,000€2.35M€4.44M€28.6M€54.1M
Total debt€618M€640M€653M€683M€771M

Quarterly statements and history in the cockpit →

Hamborner REIT competitor charts

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.

Performance: 6-month against 1-month return

-40%-20%0%+20%-20%0%+20%FPISELERCOFINEA2972ARMRWT180701PRV-UNILPTMRT-UNBSRT-UN2979IMDA2191XRNBRSPHABA.DE6-month return →1-month return →
Up and to the right = strong over both horizons. Hamborner REIT is the large dot.

Fundamentals: return on equity against price-to-book

-10%-5%0%5%0.50×10×1.50×FPISELERCOFINEA2972ARMRWTNSI180701PRV-UNILPTMRT-UNBSRT-UN2979IMDA34592191SEITINVITXRNBRSPHABA.DEReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Hamborner REIT is the large dot.

Capital: ROE delivered against the ROE the price implies

-10%0%10%-10%0%10%FPISELERCOFINEA2972ARMRWTNSI180701PRV-UNILPTMRT-UN2979IMDASEITINVITXRNHABA.DEROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Hamborner REIT is the large dot.

Hamborner REIT competitors and peer comparison

How Hamborner REIT compares with its peers

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.

Hamborner REIT against its 20 peers (data as of 6 Nov 2026)
MeasureHABA.DEPeer medianRank in peer set
1-month return+1.9%-2.8%6th highest of 21
6-month return-19.3%-9.5%7th lowest of 20
Return on equity-2.1%3.5%6th lowest of 21
Price / book0.97×0.82×4th most expensive of 21
ROE the price implies6.3%5.7%10th most demanding of 21
ROE delivered-2.2%3.5%6th lowest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Hamborner REIT HABA.DEGermany$370M-19%-4%-2%0.97×6.3%-2.2%
Farmland Partners FPIUnited States$369M-17%-6%2%0.87×8.1%2.2%
Selectirente SELER.PAFrance$367M-7%+2%5%0.88×6.0%5.0%
Centuria Office REIT COF.AXAustralia$375M-3%-1%6%0.55×7.4%5.6%
Fonciere INEA INEA.PAFrance$382M-11%-1%1%0.68×5.3%0.5%
SANKEI REAL ESTATE 2972.TJapan$383M+4%-15%-5%1.28×5.0%-4.7%
Arima Real Estate SOCIMI ARM.MCSpain$356M-6%+210%8%0.91×5.4%7.7%
Redwood Trust RWTUnited States$392M-44%-9%-4%0.44×7.2%-4.0%
Nsi NSI.ASNetherlands$394M+1%-4%-2%0.54×4.5%-2.5%
Yinhua Shaoxing Yuanshui Water Conservancy REIT 180701.SZChina$348M-8%+290%4%1.43×4.3%3.8%
PRO Real Estate Investment Trust PRV-UN.TOCanada$397M+6%+8%7%0.96×9.1%7.2%
Industrial Logistics Properties Trust ILPTUnited States$397M-27%+4%-12%0.94×16.7%-12.2%
Morguard Real Estate Investment Trust MRT-UN.TOCanada$340M+8%-1%2%0.54×4.2%1.6%
BSR Real Estate Investment Trust BSRT-UN.TOCanada$405M-10%-17%3%0.68×6.8%3.2%
SOSiLA Logistics REIT,Inc 2979.TJapan$407M-28%0%5%0.82×4.3%4.7%
Immobiliere Dassault IMDA.PAFrance$335M-21%+14%-20%0.60×5.0%-19.9%
Samty Residential Investment 3459.TJapan$411M-27%+13%6%0.77×4.0%6.1%
SF Real Estate Investment Trust 2191.HKHong Kong$333M+22%-7%4%0.82×5.1%4.0%
Sustainable Energy Infra Trust SEITINVIT.NSIndia$415Mn/a+6%4%1.44×26.6%3.7%
Chiron Real Estate XRNUnited States$416M-16%+4%10%0.87×9.5%10.0%
BrightSpire Capital BRSPUnited States$416M-44%+2%2%0.47×7.2%2.1%

Questions

Which companies are Hamborner REIT's closest peers?
The cockpit's peer set: Farmland Partners (FPI), Selectirente (SELER.PA), Centuria Office REIT (COF.AX), Fonciere INEA (INEA.PA), SANKEI REAL ESTATE (2972.T), Arima Real Estate SOCIMI (ARM.MC), Redwood Trust (RWT), Nsi (NSI.AS).
Is Hamborner REIT expensive compared with its peers?
On price / book it trades at 0.97× against a peer median of 0.82×, 4th most expensive of 21 in its peer set. The share price implies a return on equity of about 6.3%; Hamborner REIT delivers -2.2%, so the price asks more than the business earns today.
How has Hamborner REIT stock performed?
Over six months to 6 Nov 2026 the shares returned -19.3% against -9.5% for the median peer; over one year -16.1%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.