Balance Sheet Hamborner REIT AG

Equities

HABA

DE000A3H2333

Commercial REITs

Market Closed - Xetra Other stock markets 16:35:24 11/05/2026 BST			5-day change	1st Jan Change
5.120 ^EUR	+2.71%		+5.79%	+14.29%

05-07	Hamborner REIT AG Reports Earnings Results for the First Quarter Ended March 31, 2026	CI
05-07	HAMBORNER REIT : Warburg Research remains its Buy rating	ZD

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Published financial data: HAMBORNER REIT AG

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Rental Revenues	84.36M	84.96M	91.12M	92.99M	90.32M
Tenant Reimbursements	14.02M	14.27M	13.44M	12.7M	11.48M
Total Revenues	98.38M	99.23M	105M	106M	102M
Property Expenses	23.33M	26.81M	28.28M	30.38M	27.76M
Selling General & Admin Expenses, Total	2.56M	2.45M	1.92M	2.26M	2.3M
Depreciation & Amortization - (IS) - (Collected)	35.26M	36.21M	36.86M	37.12M	36.36M
Provision for Bad Debts	-	-	-	-	-
Other Operating Expenses	2.2M	6.26M	7.39M	8.68M	10.48M
Total Operating Expenses	63.36M	71.74M	74.46M	78.44M	76.9M
Operating Income (REIT / Utility Template)	35.02M	27.49M	30.11M	27.24M	24.91M
Interest Expense, Total	-13.92M	-13.02M	-14.1M	-14.3M	-13.3M
Interest and Investment Income	-	641K	1.79M	1.51M	678K
Net Interest Expenses	-13.92M	-12.38M	-12.31M	-12.79M	-12.63M
EBT, Excl. Unusual Items	21.11M	15.12M	17.8M	14.45M	12.28M
Gain (Loss) on Sale of Assets	36.38M	176K	529K	4.33M	1.95M
Asset Writedown	-2.13M	-1.63M	-18.99M	-2.52M	-1.74M
Other Unusual Items	-1.1M	-347K	-	-	-
EBT, Incl. Unusual Items	54.26M	13.31M	-660K	16.27M	12.49M
Earnings From Continuing Operations	54.26M	13.31M	-660K	16.27M	12.49M
Net Income to Company	54.26M	13.31M	-660K	16.27M	12.49M
Net Income - (IS)	54.26M	13.31M	-660K	16.27M	12.49M
Net Income to Common Incl Extra Items	54.26M	13.31M	-660K	16.27M	12.49M
Net Income to Common Excl. Extra Items	54.26M	13.31M	-660K	16.27M	12.49M
Per Share Items
Net EPS - Basic	0.67	0.16	-0.01	0.2	0.15
Basic EPS - Continuing Operations	0.67	0.16	-0.01	0.2	0.15
Basic Weighted Average Shares Outstanding	81.04M	81.34M	81.34M	81.34M	81.34M
Net EPS - Diluted	0.67	0.16	-0.01	0.2	0.15
Diluted EPS - Continuing Operations	0.67	0.16	-0.01	0.2	0.15
Diluted Weighted Average Shares Outstanding	81.04M	81.34M	81.34M	81.34M	81.34M
Normalized Basic EPS	0.16	0.12	0.14	0.11	0.09
Normalized Diluted EPS	0.16	0.12	0.14	0.11	0.09
Dividend Per Share	0.47	0.47	0.48	0.48	0.39
Payout Ratio	57.63	287.15	-5.79K	239.98	312.66
Supplemental Items
EBITDA	69.86M	63.17M	66.41M	63.8M	60.69M
EBITA	35.1M	27.6M	30.25M	27.29M	24.94M
EBIT	35.02M	27.49M	30.11M	27.24M	24.91M
EBITDAR	-	-	-	-	-
Normalized Net Income	13.19M	9.45M	11.12M	9.03M	7.67M
Interest on Long-Term Debt	13.55M	525K	542K	540K	539K
Non-Cash Pension Expense	50K	51K	159K	155K	147K
Supplemental Operating Expense Items
Advertising Expense	423K	410K	309K	327K	292K
Selling and Marketing Expenses	423K	410K	309K	327K	292K
General and Administrative Expenses	2.14M	2.04M	1.62M	1.93M	2M
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Maintenance & Repair Expenses, Total	5.79M	9.04M	8.36M	10.1M	10.19M
Stock-Based Comp., Other (Total)	350K	-	-	-	-
Total Stock-Based Compensation	350K	-	-	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Gross Property Plant And Equipment	1.4B	1.44B	1.46B	1.39B	1.38B
Accumulated Depreciation	-281M	-311M	-354M	-354M	-389M
Net Property Plant And Equipment	1.12B	1.13B	1.1B	1.04B	993M
Total Real Estate Assets	1.12B	1.13B	1.1B	1.04B	993M
Cash And Equivalents	143M	142M	43.3M	51.77M	42.5M
Accounts Receivable, Total	2.4M	2.09M	2.14M	4.61M	3.26M
Investment In Debt and Equity Securities	798K	559K	-	-	-
Other Intangibles, Total	472K	446K	300K	57K	29K
Other Current Assets, Total	11.12M	1M	1.28M	26.13M	14.39M
Other Long-Term Assets, Total	9.4M	10.37M	10.49M	10.43M	9.61M
Total Assets	1.29B	1.29B	1.16B	1.13B	1.06B
Liabilities
Current Portion of Long-Term Debt	80.31M	103M	41.46M	141M	116M
Current Portion of Leases	678K	914K	1.02M	943K	995K
Long-Term Debt	667M	668M	641M	512M	524M
Long-Term Leases	7.35M	14.27M	13.92M	13.89M	13.7M
Accounts Payable, Total	19.1M	16.63M	16.13M	13.34M	10.12M
Accrued Expenses, Total	1.24M	1.36M	1.04M	1.13M	1.2M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	1.06M	1.51M	1.66M	29.99M	2.11M
Pension & Other Post Retirement Benefits	5.7M	4.25M	4.65M	4.56M	4.26M
Other Non Current Liabilities	5.59M	5.19M	5.4M	5.8M	5.54M
Total Liabilities	788M	815M	727M	722M	678M
Common Stock, Total	81.34M	81.34M	81.34M	81.34M	81.34M
Retained Earnings	74.28M	49.37M	20.97M	33.32M	30.94M
Comprehensive Income and Other	342M	343M	332M	297M	272M
Total Common Equity	497M	474M	434M	411M	385M
Total Equity	497M	474M	434M	411M	385M
Total Liabilities And Equity	1.29B	1.29B	1.16B	1.13B	1.06B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	81.34M	81.34M	81.34M	81.34M	81.34M
ECS Total Common Shares Outstanding	81.34M	81.34M	81.34M	81.34M	81.34M
Book Value / Share	6.11	5.82	5.34	5.05	4.73
Tangible Book Value	497M	473M	434M	411M	385M
Tangible Book Value Per Share	6.11	5.82	5.33	5.05	4.73
Total Debt	756M	786M	698M	667M	655M
Net Debt	612M	644M	654M	616M	612M
Debt Equivalent of Unfunded Proj. Benefit Obligation	5.7M	4.25M	4.65M	4.56M	4.26M
Debt Equivalent Oper. Leases	-	-	-	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Full Time Employees	45	51	49	55	59
Accumulated Allowance for Doubtful Accounts (Supple)	901K	325K	637K	762K	195K

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	54.26M	13.31M	-660K	16.27M	12.49M
Depreciation, Depletion & Amortization	35.18M	36.11M	36.71M	37.08M	36.33M
Amortization of Goodwill and Intangible Assets - (CF)	81K	102K	148K	45K	31K
Total Depreciation, Depletion & Amortization	35.26M	36.21M	36.86M	37.13M	36.36M
(Gain) Loss On Sale of Asset - (CF)	-37.69M	-194K	-536K	-4.92M	-2.49M
Total Asset Writedown	-22K	1.63M	18.99M	2.52M	1.74M
Change in Accounts Receivable	-8.43M	-598K	289K	-2.12M	353K
Change in Other Net Operating Assets (Collected)	10.15M	-13K	472K	0	-507K
Other Operating Activities	13.45M	12.44M	13.31M	11.9M	11.85M
Cash from Operations	66.98M	62.79M	68.72M	60.77M	59.8M
Acquisition of Real Estate Assets, Total	-69.48M	-54.06M	-28.56M	-4.44M	-2.35M
Sale of Real Estate Assets, Total	162M	18.39M	1.5M	8M	27.39M
Net Sale / Acquisition of Real Estate Assets	92.79M	-35.67M	-27.06M	3.56M	25.04M
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Other Investing Activities, Total	-	-	11.85M	-	-
Cash from Investing	92.79M	-35.67M	-15.21M	3.56M	25.04M
Long-Term Debt Issued, Total	76.53M	119M	13.5M	42.4M	69M
Total Debt Issued	76.53M	119M	13.5M	42.4M	69M
Long-Term Debt Repaid, Total	-88.55M	-97.1M	-102M	-44.56M	-111M
Total Debt Repaid	-88.55M	-97.1M	-102M	-44.56M	-111M
Issuance of Common Stock	-	-	-	-	-
Common Dividends Paid	-31.27M	-38.23M	-38.23M	-39.04M	-39.04M
Common & Preferred Stock Dividends Paid	-31.27M	-38.23M	-38.23M	-39.04M	-39.04M
Other Financing Activities, Total	-68.09M	35.27M	-13.31M	-14.66M	-13.28M
Cash from Financing	-111M	19.01M	-140M	-55.87M	-94.1M
Net Change in Cash	48.38M	46.13M	-86.81M	8.46M	-9.26M
Supplemental Items
Cash Interest Paid	13.31M	12.31M	13.31M	14.66M	13.28M
Net Debt Issued / Repaid	-12.02M	21.97M	-88.77M	-2.16M	-41.78M
Levered Free Cash Flow	67.5M	53.79M	58.29M	43.52M	25.67M
Unlevered Free Cash Flow	76.2M	61.93M	67.1M	52.45M	33.99M
Change In Net Working Capital	-18.7M	-8.54M	-11.42M	1.7M	17.94M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	1.72	1.34	1.54	1.48	1.42
Return on Total Capital	1.75	1.37	1.57	1.54	1.47
Return On Equity %	11.17	2.74	-0.15	3.85	3.14
Return on Common Equity	11.17	2.74	-0.15	3.85	3.14
Margin Analysis
Gross Profit Margin %	76.28	72.98	72.96	71.25	72.73
SG&A Margin	8.67	8.37	8	8.72	10.08
EBITDA Margin %	71.01	63.66	63.51	60.37	59.61
EBITA Margin %	35.68	27.81	28.93	25.82	24.49
EBIT Margin %	35.6	27.71	28.79	25.78	24.46
Income From Continuing Operations Margin %	55.15	13.42	-0.63	15.39	12.27
Net Income Margin %	55.15	13.42	-0.63	15.39	12.27
Net Avail. For Common Margin %	55.15	13.42	-0.63	15.39	12.27
Normalized Net Income Margin	13.41	9.52	10.64	8.55	7.54
Levered Free Cash Flow Margin	68.61	54.21	55.75	41.17	25.22
Unlevered Free Cash Flow Margin	77.45	62.41	64.17	49.63	33.39
Asset Turnover
Asset Turnover	0.08	0.08	0.09	0.09	0.09
Fixed Assets Turnover	0.08	0.09	0.09	0.1	0.1
Receivables Turnover (Average Receivables)	43.38	44.19	52.85	31.31	25.86
Short Term Liquidity
Current Ratio	1.53	1.18	0.76	0.44	0.46
Quick Ratio	1.42	1.17	0.74	0.3	0.35
Operating Cash Flow to Current Liabilities	0.65	0.51	1.12	0.33	0.46
Days Sales Outstanding (Average Receivables)	8.41	8.26	6.91	11.69	14.11
Average Days Payable Outstanding	239.44	243.13	211.44	177.54	154.24
Long Term Solvency
Total Debt/Equity	151.94	165.94	160.74	162.34	170.19
Total Debt / Total Capital	60.31	62.4	61.65	61.88	62.99
LT Debt/Equity	135.66	144.09	150.95	127.81	139.9
Long-Term Debt / Total Capital	53.85	54.18	57.89	48.72	51.78
Total Liabilities / Total Assets	61.32	63.24	62.6	63.73	63.8
EBIT / Interest Expense	2.52	2.11	2.14	1.9	1.87
EBITDA / Interest Expense	5.05	4.89	4.75	4.5	4.61
(EBITDA - Capex) / Interest Expense	5.05	4.89	4.75	4.5	4.61
Total Debt / EBITDA	10.75	12.34	10.42	10.37	10.68
Net Debt / EBITDA	8.71	10.11	9.77	9.57	9.99
Total Debt / (EBITDA - Capex)	10.75	12.34	10.42	10.37	10.68
Net Debt / (EBITDA - Capex)	8.71	10.11	9.77	9.57	9.99
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-3.87	0.87	5.37	1.07	-3.67
Gross Profit, 1 Yr. Growth %	-5.93	-3.5	5.34	-1.29	-1.67
EBITDA, 1 Yr. Growth %	-2.82	-9.57	5.71	-3.93	-4.88
EBITA, 1 Yr. Growth %	-0.24	-21.39	11.03	-9.8	-8.62
EBIT, 1 Yr. Growth %	-0.05	-21.5	10.9	-9.51	-8.58
Earnings From Cont. Operations, 1 Yr. Growth %	-685.77	-75.46	-104.96	-2.57K	-23.25
Net Income, 1 Yr. Growth %	-685.77	-75.46	-104.96	-2.57K	-23.25
Diluted EPS Before Extra, 1 Yr. Growth %	-677.18	-75.55	-104.96	-2.57K	-23.25
Normalized Net Income, 1 Yr. Growth %	7.7	-28.39	20.51	-18.8	-15.05
Net Property, Plant and Equip., 1 Yr. Growth %	-6.7	1.24	-2.54	-5.69	-4.59
Accounts Receivable, 1 Yr. Growth %	12.46	-12.95	17.42	115.91	-29.35
Total Assets, 1 Yr. Growth %	1.58	0.21	-9.91	-2.35	-6.26
Common Equity, 1 Yr. Growth %	4.88	-4.78	-8.34	-5.29	-6.45
Tangible Book Value, 1 Yr. Growth %	4.89	-4.78	-8.31	-5.23	-6.44
Cash From Operations, 1 Yr. Growth %	-3.56	-6.25	9.45	-11.56	-1.6
Levered Free Cash Flow, 1 Yr. Growth %	122.99	-20.31	41.58	-25.35	-41
Unlevered Free Cash Flow, 1 Yr. Growth %	90.87	-18.73	36.09	-21.83	-35.2
Dividend Per Share, 1 Yr. Growth %	0	0	2.13	0	-18.75
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-0.47	-1.53	3.09	3.2	-1.33
Gross Profit, 2 Yr. CAGR %	-1.39	-4.72	0.82	1.97	-1.48
EBITDA, 2 Yr. CAGR %	0.32	-6.26	-2.5	0.77	-4.41
EBITA, 2 Yr. CAGR %	0.21	-11.45	-7.17	0.08	-9.21
EBIT, 2 Yr. CAGR %	0.21	-11.42	-7.29	0.18	-9.05
Earnings From Cont. Operations, 2 Yr. CAGR %	74.2	19.89	-88.97	10.55	334.99
Net Income, 2 Yr. CAGR %	74.2	19.89	-88.97	10.55	334.99
Diluted EPS Before Extra, 2 Yr. CAGR %	72.77	18.78	-88.99	10.55	335.01
Normalized Net Income, 2 Yr. CAGR %	4.48	-12.18	-8.17	-1.08	-16.94
Net Property, Plant and Equip., 2 Yr. CAGR %	-3.7	-2.82	-0.67	-4.13	-5.14
Accounts Receivable, 2 Yr. CAGR %	11.25	-1.06	-5.66	59.22	23.51
Total Assets, 2 Yr. CAGR %	2.05	0.89	-4.98	-6.21	-4.33
Common Equity, 2 Yr. CAGR %	-1.59	-0.07	-6.58	-6.82	-5.87
Tangible Book Value, 2 Yr. CAGR %	-1.58	-0.06	-6.56	-6.79	-5.84
Cash From Operations, 2 Yr. CAGR %	-0.94	-4.92	1.3	-1.62	-6.71
Levered Free Cash Flow, 2 Yr. CAGR %	26.02	33.3	-7.08	2.81	-33.63
Unlevered Free Cash Flow, 2 Yr. CAGR %	20.8	24.55	-6.16	3.14	-28.83
Dividend Per Share, 2 Yr. CAGR %	0	0	1.06	1.06	-9.86
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	0.52	-0.02	0.72	2.42	0.86
Gross Profit, 3 Yr. CAGR %	0.33	-2.1	-1.48	0.11	0.74
EBITDA, 3 Yr. CAGR %	1.07	-3.09	-2.61	-2.98	-1.15
EBITA, 3 Yr. CAGR %	0.89	-7.58	-4.91	-8.05	-2.91
EBIT, 3 Yr. CAGR %	0.85	-7.63	-4.93	-8.03	-2.83
Earnings From Cont. Operations, 3 Yr. CAGR %	40.89	-9.36	-58.54	-33.07	-2.11
Net Income, 3 Yr. CAGR %	40.89	-9.36	-58.54	-33.07	-2.11
Diluted EPS Before Extra, 3 Yr. CAGR %	40.12	-9.97	-58.8	-33.15	-2.11
Normalized Net Income, 3 Yr. CAGR %	3.34	-7.88	-3.16	-11.86	-5.97
Net Property, Plant and Equip., 3 Yr. CAGR %	-2.29	-2.08	-2.72	-2.37	-4.28
Accounts Receivable, 3 Yr. CAGR %	31.21	2.51	0.03	24.33	21.45
Total Assets, 3 Yr. CAGR %	2.05	1.43	-2.84	-4.12	-6.23
Common Equity, 3 Yr. CAGR %	-2.24	-2.66	-2.9	-6.15	-6.7
Tangible Book Value, 3 Yr. CAGR %	-2.24	-2.66	-2.89	-6.12	-6.67
Cash From Operations, 3 Yr. CAGR %	-0.09	-2.75	-0.35	-3.19	-1.61
Levered Free Cash Flow, 3 Yr. CAGR %	15.42	8.16	24.41	-13.61	-14.57
Unlevered Free Cash Flow, 3 Yr. CAGR %	12.58	5.85	18.9	-11.7	-11.66
Dividend Per Share, 3 Yr. CAGR %	0.72	0	0.7	0.7	-6.03
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	7.03	3.08	1.54	1.25	-0.1
Gross Profit, 5 Yr. CAGR %	6.03	1.89	0.53	-0.49	-1.48
EBITDA, 5 Yr. CAGR %	6.81	1.57	-0.38	-1.67	-3.33
EBITA, 5 Yr. CAGR %	4.96	-1.25	-2.41	-4.83	-6.66
EBIT, 5 Yr. CAGR %	4.93	-1.3	-2.49	-4.82	-6.6
Earnings From Cont. Operations, 5 Yr. CAGR %	25.51	-5.52	-49.14	-1.87	6.16
Net Income, 5 Yr. CAGR %	25.51	-5.52	-49.14	-1.87	6.16
Diluted EPS Before Extra, 5 Yr. CAGR %	20.7	-5.9	-49.35	-2.27	5.76
Normalized Net Income, 5 Yr. CAGR %	9.81	0.84	-1.43	-5.65	-8.93
Net Property, Plant and Equip., 5 Yr. CAGR %	4	0.35	-1.64	-2.91	-3.7
Accounts Receivable, 5 Yr. CAGR %	16.25	16.52	14.99	18.92	8.83
Total Assets, 5 Yr. CAGR %	5.01	1.89	-0.82	-1.7	-3.44
Common Equity, 5 Yr. CAGR %	-2.39	-2.88	-4	-4.35	-4.1
Tangible Book Value, 5 Yr. CAGR %	-2.39	-2.88	-3.99	-4.33	-4.08
Cash From Operations, 5 Yr. CAGR %	5.61	1.09	0.46	-2.3	-2.95
Levered Free Cash Flow, 5 Yr. CAGR %	17.78	1.67	5.83	0.47	-3.24
Unlevered Free Cash Flow, 5 Yr. CAGR %	14.49	1.02	4.67	0.09	-3.17
Dividend Per Share, 5 Yr. CAGR %	1.79	0.87	0.85	0.42	-3.66