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.
DEMIRE Deutsche Mittelstand Real Estate AG is a Germany-based commercial real estate company specializing in the acquisition and management of properties in medium-sized cities and up-and-coming regions bordering metropolitan areas. Its portfolio primarily consists of office properties, complemented by retail, hotel, and logistics assets, emphasizing a buy-and-hold strategy with active asset management to realize long-term value potential. As of late 2024, the company manages around 51-54 properties with approximately 0.6 million square meters of lettable space and a market value nearing EUR 1.0 billion, strategically located in economically strong regions like North Rhine-Westphalia, Hesse, Bavaria, and Baden-Württemberg. DEMIRE targets secondary locations under its ABBA strategy—A-locations in B-cities and B-locations in A-cities—appealing to both international and regional tenants through modern, functional spaces. The firm pursues portfolio optimization via transactions, asset management, financial deleveraging, and process efficiencies, maintaining a diversified risk profile while generating stable rental income in a resilient asset class.
23.52% operating margin is above average. ROIC at 3.06%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue declined 39.3% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 13% versus the prior year, cash generation momentum has weakened. Net debt of €459M represents 15.3x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
€126M
▼ -39.3% YoY
Net Income (TTM)
-€83M
▼ -3.3% YoY
Op. Margin
19.25%
▲ +10.7pp YoY
ROIC
3.06%
Cash Flow & Balance Sheet
FCF (TTM)
€30M
▼ -13.3% YoY
Op. Cash Flow (TTM)
€30M
▼ -13.3% YoY
Net Debt
€459M
Cash & Equiv.
€52M
3Y CAGR: -1.5%
3Y CAGR: -14.6%
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