Deutsche Pfandbriefbank AG

Deutsche Pfandbriefbank AG

PBBGF
Deutsche Pfandbriefbank AGUS flagOther OTC
6.02
USD
- -
- -
809.96MMarket 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
4.66
2.97
3.76
4.35
3.34
3.5
3.76
3.91
4.39
3.95
4.48
4.05
3.11
3.77
Basic EPS, GAAP
1.19
0.03
1.71
1.46
1.35
1.33
1.33
0.9
1.7
1.4
0.68
0.67
-2.11
-3.03
Free Cash Flow per Basic Share
-20.06
-47.99
-25.51
-23.39
-14.05
-1.93
-6.69
31.04
4.48
-42.34
2.96
-16.5
-6.25
- -
Dividend per Share
- -
- -
- -
0.43
1.05
1.07
1
- -
0.58
1.18
0.95
- -
0.15
- -
Book Value per Share
-19.1
-5.68
8.13
9.3
9.55
9.81
10.01
10.76
11.76
11.85
11.47
11.95
9.5
12.83
Tangible Book Value per Share
25.73
25.95
20.26
20.75
21.8
23.94
23.77
24.2
25.16
25.1
24.63
25.05
22.76
30.3
Basic Weighted Avg Shares
134
134
134
134
134
134
134
134
134
134
134
134
134
100
Sales/Revenue/Turnover
627
399
506
585
449
471
506
526
591
531
603
544
418
377
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
15
98
84
-112
14
15
18
19
20
18
19
21
21
21
Net Income, GAAP
160
4
230
197
182
179
179
121
229
188
91
90
-284
-303
Effective Tax Rate (%)
3.03
92.59
- -
34.55
10.78
16.74
17.13
19.87
5.79
12.21
- -
13.46
- -
16.67
Profit Margin (%)
25.52
1
45.45
33.68
40.53
38
35.38
23
38.75
35.4
15.09
16.54
-67.94
-80.37
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
49,215
49,106
43,773
41,267
21,395
22,496
22,326
21,113
22,968
23,387
22,461
19,250
18,396
17,645
Total Equity
3,491
3,512
2,746
2,814
2,967
3,257
3,236
3,294
3,425
3,425
3,365
3,419
3,104
3,104
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
- -
- -
16.81
14.36
13.75
13.43
8.66
15.12
11.84
5.8
5.72
-19.69
-20.8

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
134
134
134
Market Capitalization
581
710
521

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
3,869
1,558
1,878
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
-9.21%
Free Cash Flow
-240.73%
-391.3%
-62.15%
Net Income, GAAP
- -
-79.38%
-415.56%
Sales/Revenue/Turnover
-0.85%
-3.43%
-23.16%
Total Cash Common Dividend
- -
- -
-84.38%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
146
132
147
119
544
2025
118
99
89
112
418
2026
77
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.21
- -
- -
- -
0.67
2025
0.17
- -
- -
- -
-2.11
2026
0.05
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
0.15
2026
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Kay Wolf
Full Time Employees
656
Sector
Financial Services
Industry
Banks - Regional
Address
Parkring 28 Garching bei München Germany 85748
IPO Date
May 8, 2018
Business
Deutsche Pfandbriefbank AG (pbb) is a leading European specialist bank focused on commercial real estate financing and public investment finance. The bank provides senior financing solutions to professional real estate investors for properties including offices, residential, logistics, retail, hotels, and mixed-use developments; public investment finance for infrastructure projects such as municipal buildings, utilities, medical facilities, and public sector improvements eligible for Pfandbrief cover; cross-border portfolio financing; and real estate investment services to institutional investors including debt and equity solutions via its emerging pbb invest platform. It funds operations primarily through Pfandbriefe (German covered bonds), one of the largest issuers in Europe, alongside retail deposits, savings accounts, time deposits, and unsecured bonds; the bank also operates a digital platform under the CAPVERIANT brand. pbb serves institutional investors, real estate funds, and public sector entities across Germany, the UK, France, Spain, Scandinavia, Central and Eastern Europe, and maintains offices in Garching bei München (headquarters), Eschborn, Berlin, Düsseldorf, Hamburg, London, Madrid, Paris, Stockholm, Amsterdam, and New York. Founded in 2009 through the merger of Hypo Real Estate Bank AG and DEPFA Deutsche Pfandbriefbank AG (with roots tracing to 1869 via Bayerische Handelsbank), the bank lists its shares on the Frankfurt Stock Exchange's Prime Standard and SDAX index. Recent strategic shifts under Strategy 2027 include the complete withdrawal from the US market in 2025, involving the wind-down, securitization, or sale of a €4.1 billion loan portfolio to refocus resources on stable European operations; the acquisition of a majority stake in Deutsche Investment Group, expected to close in early 2026, adding €3 billion in assets under management to diversify revenue toward 10% from fees by 2027; establishment of a new Amsterdam office and expansion of the Madrid back-office hub; and ongoing de-risking of the real estate finance portfolio amid stabilizing asset quality, with nonperforming loans managed down from 5.1% at year-end 2024 and loan loss provisions projected to decline further in 2025.

Company News

APIChat
  • Deutsche Pfandbriefbank AG (PBBGF) Q4 2025 Earnings Call Transcript

  • PBB Shares Plunge 10.8% After €30--€40M 2026 Profit Outlook

  • German property bank PBB unlikely to meet 2027 targets, it says

  • S&P cuts rating of German bank PBB on real estate concerns