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 (formerly DIC Asset AG) is a leading German listed specialist for office and logistics real estate as well as renewable assets. With over 25 years of experience in the real estate market and access to a broad investor network. Our basis is the national and regional real estate platform with nine offices in the ground in all major German markets (including VIB Vermögen AG). As of September 30, 2025, we managed properties with a market value of EUR 10.7 billion in the Commercial Portfolio and Institutional Business segments. The Commercial Portfolio segment comprises real estate held for our own account. Here, we generate cash flows from stable rent revenues on long-term leases while also optimizing the value of our portfolio assets through active management and realizing gains from sales. In the Institutional Business segment, we earn recurrent fees from real estate services we provide to national and international institutional investors by structuring and managing investment products that return attractive dividend yields. The shares of Branicks Group AG are listed in the Prime Standard of the German Stock Exchange. The company is fully committed to sustainability and occupies top positions in ESG-relevant ratings such as Morningstar sustainalytics and S&P Global CSA. The Branicks Group is also a signatory to the UN Global Compact and the UN PRI network. Properties in the Branicks portfolio have been awarded renowned sustainability certificates such as DGNB, LEED or BREEAM. Branicks Group AG was incorporated in 2002 in Germany.
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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