Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Branicks Group AG is Germany's leading listed specialist in office and logistics real estate, with over 25 years of experience in the market and an extensive investor network. The company operates through two main segments: Commercial Portfolio, which generates stable rental income from directly held high-quality office and logistics properties in prime locations, and Institutional Business, which provides comprehensive real estate services including transaction, asset, property, and development management for institutional clients, earning recurring fee income. Headquartered in Frankfurt and founded in 1998, Branicks manages a regional platform with nine offices across major German markets, supporting 317 properties valued at approximately EUR 11.6 billion as of December 31, 2024. Notable features include a focus on sustainable practices, with 52.9% green buildings in its Commercial Portfolio, active development pipelines exceeding 70,000 sqm in logistics, and a commitment to reducing CO2 emissions by 40% by 2030. Employing 266 professionals, Branicks emphasizes dynamic performance across the full property value chain—from acquisition and financing to active management and exits—positioning it as a key player in Germany's commercial real estate sector.
The business is unprofitable at the operating level (-118.42% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 7.5% YoY. Margins deteriorated 116.8pp alongside, both lines moving the wrong way.
Free cash flow declined 43% versus the prior year, cash generation momentum has weakened. ROIC dropped from -0.08% to -5.95%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (FY)
€252M
▼ -7.5% YoY
Net Income (FY)
-€366M
▼ -417.0% YoY
Op. Margin
-118.42%
▼ -116.8pp YoY
ROIC
-5.95%
▼ -5.9pp YoY
Cash Flow & Balance Sheet
FCF (FY)
€55M
▼ -43.4% YoY
Op. Cash Flow (FY)
€55M
▼ -43.3% YoY
Net Debt
€2.13B
Cash & Equiv.
€166M
3Y CAGR: +2.6%
3Y CAGR: +28.2%
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