Hamborner REIT AG

HABA.HM

REIT - Diversified · Real Estate

Price

€4.29

+0.00 (+0.00%)

Market Cap

€348.6M

Exchange

Hamburg Stock Exchange

Winston Score

Winston is serious

Below-average fundamentals — multiple weak pillars.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Mixed

Growth

Weak

Cash Flow

Mixed

Stability

Weak

Valuation

Data not available

Dividends

Good

Track this stock — start free trial

Winston Score History

The full picture

Hamborner REIT AG is a German real estate company that owns and rents out commercial properties across Germany. Its portfolio focuses mainly on office buildings and retail properties, such as stores and shopping centers. The company's tenants are typically businesses, retailers, and service providers looking for stable, long-term leases.

Hamborner makes money by collecting rent from the tenants in its properties, which is the standard model for a real estate investment trust (REIT). It operates entirely within Germany, making it sensitive to the health of the German commercial property market. The company is relatively small, with a market value around $0.4 billion, and its competitive position depends on maintaining high occupancy rates and reliable tenants. A key risk it faces is the ongoing weakness in German office and retail demand, as remote work trends and e-commerce continue to pressure the types of properties it owns.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-0.7% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-500.0% YoY

YoY Growth Rate

Earnings declining

R&D Spend

€0/ year

0.0% of revenue

Below sector average (1%)

Research and development spending

Insider Activity

12.2%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

€975M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

Hamborner REIT AG's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Share count broadly stable

+0.4% over 4y

The share count has stayed roughly flat over this period — little dilution or buyback activity.

Diluted shares outstanding: 81.0M (2021) → 81.3M (2025)

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

74.5%

Premium pricing power — 74.5% gross margin

Profit after running costs

Operating Margin

-50.2%

Losing money on operations — -50.2%

Return on the money invested

ROCE

0.6%

Weak — 0.6% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth

Sales YoY

-2.1%

Shrinking sales (-2.1% YoY)

Profit growth

EPS YoY

-151.4%

Earnings shrinking (-151.4% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is

EPS Consistency

2/8 quarters

Earnings rarely grow — volatile business

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

54.7%

Converts sales into free cash efficiently (54.7%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns

Debt / Equity

1.82

Elevated debt (1.82)

Covers its interest

Interest Cover

0.44x

Dangerous — barely covers interest (0.4x)

Interest coverage below 1. Their profits don't cover the interest bill.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend

Dividend Yield

9.00%

Healthy income — 9.00% yield

Yield above 6% — often a flag the market is pricing in a cut.

Dividend record

Dividend Growth

-2.7%

Dividend cut (-2.7% YoY) — warning sign

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial