Company	Price	Valuation					Profitability					Cash & leverage					Quality				Rating
		P/E	P/B	P/S	EV / EBITDA	DCF upside	Gross margin	Operating margin	Net margin	ROE	ROIC	FCF yield	Debt / equity	Net debt / EBITDA	Interest coverage	Current ratio	Dividend yield	Piotroski (0-9)	Altman Z	Rating score (1-5)
PAT.DEthis companyPatrizia Se	€6.70	45.22×	0.67×	2.83×	15.15×	-22.3%	72.5%	6.1%	6.8%	1.6%	0.9%	7.8%	0.29×	2.58×	1.11×	49.94×	4.0%	7	1.6	3	B+
CCCCAP.DECORESTATE Capital Holding S.A.	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
DEF.DEDEFAMA Deutsche Fachmarkt AG	€18.15	23.97×	2.84×	4.92×	15.55×	-857.3%	73.9%	50.4%	20.5%	11.9%	4.2%	-9.0%	4.25×	9.29×	2.1×	0.23×	2.2%	2	0.53	2	C+
DMRE.DEDEMIRE Deutsche Mittelstand Real Estate AG	€0.20	-0.47×	0.33×	0.36×	-20.22×	-7295.0%	30.6%	21.3%	-74.9%	-68.5%	3.0%	2.4%	3.96×	-18.5×	0.45×	1.23×	0.0%	5	0.08	2	B-
FC9.DEFCR Immobilien AG	€9.50	9.53×	0.79×	3.34×	18.95×	197.9%	86.1%	65.3%	34.9%	8.2%	5.5%	14.0%	1.7×	12.93×	1.97×	0.7×	3.7%	4	0.55	3	B+
HABA.DEHamborner REIT AG	€4.04	29.8×	0.95×	3.41×	14.18×	79.6%	69.1%	21.6%	11.7%	3.2%	2.2%	12.2%	1.66×	8.82×	1.73×	0.4×	10.7%	5	0.28	2	C
Peer median	—	16.75×	0.87×	3.37×	14.86×	-388.9%	71.5%	36.0%	16.1%	5.7%	3.6%	7.3%	2.83×	9.06×	1.85×	0.55×	2.9%	5	0.4	2	—