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    Finance

  3. •

    Real estate development
German High Street Properties AS Class B

German High Street Properties AS Class B

CCPH:GERHSP
64.50
DKK
-2.50
(-3.73%)
-14.87EPS
237.54MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.68
1.7
1.69
1.75
1.62
1.85
2.05
1.88
1.58
1.48
1.44
1.29
1.36
1.37
Basic EPS, GAAP
0.69
0.69
1.38
2.07
2.95
0.44
0.89
-2.07
1.09
-0.76
-1.1
-0.14
-1.61
-1.99
Free Cash Flow per Basic Share
0.26
0.37
0.41
0.5
0.44
0.84
-0.39
0.61
0.73
-0.06
- -
0.13
0.4
0.34
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
11.22
11.97
13.43
16.73
19.78
19.51
20.38
19.04
20.11
19.35
18.25
17.24
15.62
14.59
Tangible Book Value per Share
11.22
11.97
13.43
16.73
19.78
19.51
20.38
19.04
20.11
19.35
18.25
17.24
15.62
14.59
Basic Weighted Avg Shares
3
3
3
3
3
3
3
3
3
3
3
4
4
4
Sales/Revenue/Turnover
5
6
6
6
5
6
6
6
5
5
5
5
5
5
Operating Margin (%)
64.36
64.96
67.96
63.73
55.1
52.81
59.39
52.28
50.97
33.63
35.26
39.34
36.15
30.91
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
2
2
4
7
9
1
3
-7
3
-2
-3
- -
-6
-7
Effective Tax Rate (%)
15.31
15.72
15.28
15.14
18.01
17.01
17.52
- -
19.63
- -
- -
- -
- -
- -
Profit Margin (%)
41.28
40.43
81.41
118.42
182.67
23.63
43.58
-109.65
68.74
-51.63
-76.54
-10.58
-118.43
-145.18
Working Capital
-1
- -
-1
-44
1
-4
1
2
3
6
4
4
3
2
LT Debt
55
54
53
- -
44
42
45
44
42
37
33
27
30
29
Total Equity
36
39
44
53
63
64
67
60
64
61
58
63
57
53
Return on Invested Capital (%)
3.3
3.28
3.33
2.93
2.16
2.38
2.87
- -
1.93
- -
- -
- -
- -
- -
Return on Capital (%)
5.14
4.61
6.78
8.32
9.52
1.93
3.22
- -
3.69
- -
- -
- -
- -
- -
Return on Common Equity (%)
6.48
5.96
10.9
13.61
16.21
2.19
4.34
-10.31
5.56
-3.86
-5.85
-0.82
-9.82
-12.81

Capital Structure

EUR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1
1
1
LT Borrowings
30
30
29
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
4
4
4
Market Capitalization
30
33
32

Working Capital

EUR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
5
5
5
Cash, Cash Equivalents & STI
3
3
3
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
2
2
2
Payables & Accruals
- -
- -
- -
ST Debt
1
1
1
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.23%
-0.78%
-9.4%
Free Cash Flow
914.5%
1,890.32%
202.94%
Net Income, GAAP
49.77%
144.29%
1,085.71%
Sales/Revenue/Turnover
-0.64%
-3.18%
5.92%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1
1
1
1
5
2025
1
1
1
1
5
2026
1
1
- -
- -
- -

Quarterly Earnings Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.1
-0.48
0.02
0.24
-0.14
2025
-0.63
-0.03
-0.85
-0.11
-1.61
2026
-0.8
-0.23
- -
- -
- -

Quarterly Dividends Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Martin Ernst
Full Time Employees
3
Sector
Finance
Industry
Real estate development
Address
MosehOejvej 17 Charlottenlund CR Denmark 2920
IPO Date
Aug 27, 2007
Website
germanhighstreet.dk
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Business
German High Street Properties A/S is a Denmark-based real estate investment company that acquires, manages and leases prime commercial properties focused on high-street locations in Germany and Scandinavia. The company owns and operates a diversified portfolio of retail, office and residential properties including shops, clinics, restaurants and housing units situated in economically strong medium-sized cities such as Aachen, Essen, Frankfurt, Guetersloh, Hamburg, Koblenz, Leverkusen, Pforzheim and Rosenheim in western Germany, as well as select assets in Switzerland, England and Denmark; its properties feature high-quality tenants in prime main street and central areas to ensure stable rental income. Founded in 2007 and headquartered in Charlottenlund, Denmark, the company lists on Nasdaq Copenhagen under the ticker GERHSP and operates through subsidiaries including GHSP Erste Holding GmbH, GHSP Zweite Holding ApS & Co KG and GHSP Grundbesitz I GmbH, with Kartago ApS as its parent. It targets institutional and retail investors with long-term holdings emphasizing demographic growth and tenant strength across these regions. In recent developments, German High Street Properties announces the planned acquisition of a modern 616 square meter property in Odense, Denmark, leased long-term to Burger King under a non-terminable agreement until October 2036, for approximately EUR 3.35 million with an expected 6.4% yield financed by Ringkjobing Landbobank; this follows the completed acquisition via special purpose vehicle of another Odense property at Orbaekvej 232, strengthening its Nordic expansion strategy as detailed in announcements 281 and subsequent updates during 2025. The company also reports value adjustments on properties, interim financials showing 9-month revenue of EUR 3.7 million, and an updated financial calendar extending through 2026.