Added to YB: 2025-05-20
Pitch date: 2025-04-02
DEF.DE [bullish]
DEFAMA Deutsche Fachmarkt AG
+3.67%
current return
Author Info
No bio for this author
Company Info
DEFAMA Deutsche Fachmarkt AG, a real estate company, engages in the purchase and long-term rental of retail parks and shopping centers.
Market Cap
EUR 124.8M
Pitch Price
EUR 27.01
Price Target
N/A
Dividend
2.19%
EV/EBITDA
18.20
P/E
23.70
EV/Sales
11.10
Sector
Real Estate Management and Development
Category
growth
DEFAMA Deutsche Fachmarkt AG - $DEF.DE
DEF.DE: German real estate roll-up with 78 retail properties in small towns, 96% occupancy, 92% inflation-linked. Trading at 7x FFO/sh guidance of €4 in 5 yrs, no capital needed. 12x rent multiple (8.3% yield), 58% LTV. Owner-op owns 26%, keeps costs low. New acquisitions at 10x rent w/ 80%+ debt = high-teens IRR. Small cap, German-only reporting limits investor base.
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