1. Real Estate

  2. •

    Real Estate - Development
GSW Immobilien AG

GSW Immobilien AG

GIB.DE
GSW Immobilien AGDE flagDeutsche Börse
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EUR
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(- -)

Recent

price

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P/E

ratio

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div

yld

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ROIC.AI

2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
TTM
FRC
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Revenue per Share
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Basic EPS, GAAP
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Free Cash Flow per Basic Share
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Dividend per Share
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Book Value per Share
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Tangible Book Value per Share
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Basic Weighted Avg Shares
212
206
187
206
341
319
684
360
397
381
300
565
313
278
266
325
262
Sales/Revenue/Turnover
48.41
25.99
45.87
55.09
66.39
68.84
86.65
81.22
50.72
53.1
79.51
89.71
40.74
259.71
3.15
31.24
56.64
Operating Margin (%)
2
1
1
1
1
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- -
4
8
8
128
94
38
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Depreciation Expense
172
49
105
143
62
391
631
907
746
622
518
484
67
556
-20
45
60
Net Income, GAAP
1.32
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2.5
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15.29
18.06
30.28
29.41
30.18
31.46
23.84
31.66
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44.3
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32.14
18.02
Effective Tax Rate (%)
81.26
23.92
56.09
69.64
18.14
122.63
92.24
251.96
188.02
163.32
172.44
85.68
21.49
200.07
-7.32
13.87
22.85
Profit Margin (%)
16
-843
16
109
-1
277
302
336
262
316
364
43
691
358
238
-42
-1
Working Capital
2
726
1,734
1,889
1,792
1,702
1,682
1,694
1,772
2,117
2,209
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- -
1,021
1,009
882
1,792
LT Debt
926
976
1,166
1,440
1,595
2,010
2,579
3,400
4,070
4,614
5,053
5,457
5,849
1,782
1,702
1,668
1,595
Total Equity
9.29
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3.02
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5.6
4.95
10.17
4.37
2.56
2.2
2.59
5.44
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9.12
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2.54
3.55
Return on Invested Capital (%)
16.51
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7.63
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4.6
14.18
18.91
22
15.85
11.14
8.49
8.69
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14.52
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2.99
4.52
Return on Capital (%)
16.62
5.27
10.23
12.6
5.28
28.99
34.65
36.18
22.96
16.13
11.91
10.16
1.3
16.71
-1.56
3.77
5.11
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'13
Sep'13
Dec'13
ST Debt
74
73
70
LT Borrowings
1,873
1,874
1,792
LT Finance Leases
1
1
1
Preferred Equity and Hybrid Capital
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Shares Outstanding
51
51
57
Market Capitalization
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Working Capital

FRC

•

in mil. unless spec.
Jun'13
Sep'13
Dec'13
Total Current Assets
219
243
118
Cash, Cash Equivalents & STI
164
163
78
Accounts Receivable, Net
15
16
11
Inventories
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- -
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Total Current Liabilities
120
130
119
Payables & Accruals
- -
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ST Debt
74
73
70
Deferred Revenue
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Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.19%
-12.16%
-2.02%
Free Cash Flow
- -
- -
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Net Income, GAAP
25.29%
39.81%
-330.85%
Sales/Revenue/Turnover
10.22%
10.02%
21.82%
Total Cash Common Dividend
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Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
187
- -
- -
- -
278
2023
- -
- -
- -
- -
266
2024
- -
- -
- -
- -
325

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
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2023
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2024
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Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
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2023
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2024
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Business
GSW Immobilien AG operates as a residential real estate company focused on the long-term letting and management of properties in Germany. The company owns and administers a portfolio of approximately 58,000 to 61,000 residential units with an average size of 60.5 square meters, around 1,000 commercial units, and approximately 9,500 parking spaces, primarily located in Berlin's districts such as Reinickendorf and Spandau; its core activities encompass rental operations, property management, development, and selective sales of residential and commercial real estate. GSW Immobilien AG serves urban residential and commercial tenants in the Greater Berlin area and maintains wholly owned subsidiaries in Berlin, with one additional entity in Essen since 2011. Founded in 1924 and headquartered at Mecklenburgische Straße 57 in Berlin, Germany, the company was originally the Gemeinnützige Siedlungs- und Wohnungsbaugesellschaft Berlin mbH before converting to AG status in March 2010 and listing on the Frankfurt Stock Exchange in 2011. GSW Immobilien AG functions as a subsidiary of Vonovia SE, holding a 94.90% ownership stake as reflected in Vonovia's 2024 reporting. In recent years, GSW has undergone significant strategic changes, including its integration into the Vonovia Group following Vonovia's acquisition of Deutsche Wohnen SE in 2021-2022, which held majority control and triggered a voluntary public takeover offer for remaining shares. In September 2022, GSW entered a delisting agreement with Deutsche Wohnen (now under Vonovia), leading to the intended withdrawal of its shares from the regulated market of the Frankfurt Stock Exchange, with delisting processes advancing and trading ceasing post-publication of the withdrawal decision. The company published its 2024 annual financial statements (HGB) in June 2025 and announced an annual dividend payable on May 30, 2025, underscoring ongoing operational stability within the Vonovia ecosystem amid portfolio synergies.