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Hamborner REIT AG (HABA) Fair Value & Analysis

Real Estate · DE · Market cap €425M

HR Hamborner REIT AG HABA · XETRA
Price€4.45
Fair Value€3.31
Upside-25.5%
Quality95/100
Evidence: High Range €1.96 – €3.31

Fair value as of: Jun 26, 2026

From 26 valuation models · updated 3 days ago

Share price −8.3% over the past month.

Price vs Fair Value (12 months)

€5.57 €3.97 Fair Value €3.31 Jun 2025 Jun 2026

12‑month range €3.97 – €5.57 · fair‑value band €1.96 – €3.31 · the €4.45 price screens above the €3.31 fair value. As of Jun 26, 2026.

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Analysis

Hamborner REIT AG (HABA) currently trades at €4.45, while our model-based Fair Value estimate is €3.31 — implying the stock looks roughly 25.5% overvalued today. We read business quality at 95/100 (high quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, Hamborner REIT AG generated revenue of €102M at a net margin of 12.5%. It earns a return on equity of 3.2%. Net debt stands at €597M. The stock trades on a trailing P/E of 34.8. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) €102M
Net margin 12.5%
Return on equity 3.2%
Free cash flow €44.2M FY2025
P/E ratio 34.8
Operating margin 23.6%
More key figures
EPS (TTM) €0.1500
Dividend yield 7.4%
EPS growth (YoY) +10.7%
Net debt €597M FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.

About the company

Hamborner REIT AG is a publicly traded company listed on the SD AX, operating exclusively in the real estate sector and positioned as a holder of high-yield commercial properties. Its sustainable rental income is based on a diversified real estate portfolio distributed throughout Germany with a total value of approximately 1.4 billion Euro. The portfolio focuses on attractive local supply properties such as large-scale retail properties, retail parks, and DIY stores in prime downtown locations, district centers, or high-traffic suburban areas of major and medium-sized German cities, as well as modern office buildings in established locations. Hamborner REIT AG distinguishes itself through many years of experience in the real estate and capital markets, its sustainably attractive dividend strategy, and its lean and transparent corporate structure. The company is a Real Estate Investment Trust (REIT) and benefits from exemption from corporate and trade tax at the company level. Hambor…

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Hamborner REIT AG reported revenue of €107M in FY2025 versus €98.4M in FY2021, a compound +2.0%/yr. Reported net income was €12.5M in FY2025, compounding −30.7%/yr from FY2021.

Revenue +2.0%/yr
FY21 €98.4M
FY22 €99.2M
FY23 €105M
FY24 €106M
FY25 €107M
Net income −30.7%/yr
FY21 €54.3M
FY22 €13.3M
FY23 −€660K
FY24 €16.3M
FY25 €12.5M

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6 more REIT - Diversified stocks, each showing price versus our Fair Value estimate (as of Jun 26, 2026).

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Graphene Manufacturing Group GMG A$31.69 A$10.07 -68%
Goodman Group GMGSF $21.70 $7.07 -67%
VICI Properties Inc VICI $26.53 $41.74 +57%
W. P. Carey Inc WPC $76.71 $50.40 -34%
Stockland STKAF $3.00 $2.58 -14%
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Frequently asked questions

Is Hamborner REIT AG (HABA) undervalued?
As of Jun 26, 2026, our model estimates a fair value of €3.31 versus a price of €4.45 — about −26% (overvalued). Model-based estimate, not financial advice.
What is the fair value of HABA?
Our 21-model fair value for Hamborner REIT AG is €3.31 (as of Jun 26, 2026), built from audited fundamentals. The current price is €4.45.
What is the quality score of HABA?
Hamborner REIT AG has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Hamborner REIT AG (HABA)?
Hamborner REIT AG reported trailing-twelve-month revenue of about €102M (latest available figure, as of Jun 26, 2026).
What is the net profit margin of HABA?
The net profit margin of Hamborner REIT AG is about 12.5%, meaning it keeps roughly 12.5% of revenue as net income. Based on the latest reported figures.
Does Hamborner REIT AG pay a dividend?
Hamborner REIT AG currently shows a dividend yield of about 7.43% relative to its recent price (as of Jun 26, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.