CPI Europe AG/€CPI
1D1W1MYTD1Y5YMAX
Capital at risk
About CPI Europe AG
CPI Europe AG, formerly known as IMMOFINANZ AG, is a real estate company headquartered in Vienna, Austria, specializing in the acquisition, development, ownership, rental, and management of commercial properties across Central and Eastern Europe. Its portfolio includes office spaces under the "myhive" brand, retail parks branded as "STOP SHOP," and shopping centers operating under the "VIVO!" brand. Established in 1990, the company operates in Austria, Germany, Poland, the Czech Republic, Hungary, Romania, Slovakia, and the Adriatic region. In March 2025, the company rebranded to CPI Europe AG to reflect its affiliation with CPI Property Group, which holds a majority stake. As of December 31, 2024, CPI Europe AG employed 769 individuals.
- Ticker
- €CPI
- Sector
- Real Estate
- Primary listing
- VSE
- Employees
- 479
- Headquarters
- Vienna, Austria
- Website
- cpi-europe.com
CPI Europe AG Metrics
BasicAdvanced
€2.1B
4.50
€3.40
0.82
-
Price and volume
Market cap
€2.1B
Beta
0.82
52-week high
€18.64
52-week low
€14.81
Average daily volume
26K
Financial strength
Current ratio
0.701
Quick ratio
0.504
Long term debt to equity
0.636
Total debt to equity
0.807
Interest coverage (TTM)
2.61%
Profitability
Gross margin (TTM)
62.93%
Net profit margin (TTM)
60.82%
Operating margin (TTM)
53.54%
Effective tax rate (TTM)
16.88%
Revenue per employee (TTM)
€1,610,000
Management effectiveness
Return on assets (TTM)
2.85%
Return on equity (TTM)
10.51%
Valuation
Price to earnings (TTM)
4.496
Price to revenue (TTM)
2.735
Price to book
0.46
Price to tangible book (TTM)
0.46
Price to free cash flow (TTM)
5.327
Free cash flow yield (TTM)
18.77%
Free cash flow per share (TTM)
2.872
Growth
Revenue change (TTM)
-2.71%
Earnings per share change (TTM)
61.27%
3-year revenue growth (CAGR)
23.56%
3-year earnings per share growth (CAGR)
51.25%
Bulls say / Bears say
Rental income rose 3.8% to €291.4 million in the first half, helped by the Czech residential portfolio and 2.4% like-for-like growth. Results of operations increased 15% to €224.3 million, indicating that the core letting business is improving. (CPI Europe)
The balance sheet provides a meaningful cushion: the equity ratio was 49.6%, consolidated leverage was 40.2%, and cash stood at €346.8 million at June. EPRA NTA per share also rose to €37.92, supporting the asset-backed investment case. (CPI Europe)
Management is actively recycling capital, selling €321.7 million of non-core or lower-growth properties while developing the Czech residential portfolio and expanding retail parks. A proposed retail platform combining assets across CPI Europe, S IMMO and CPIPG could improve operating efficiency and widen financing and growth options. (CPI Europe, CPIPG)
First-half EBIT fell 17.7% and net profit fell 25% year on year. Revaluation gains more than halved, showing that reported earnings remain sensitive to property valuations rather than just rental income. (CPI Europe)
Recurring funds from operations fell to €119.4 million from €131.8 million, while occupancy was 93.5% at June, down from 94.0% at the end of 2025. That points to weaker underlying cash earnings despite higher headline rent. (Wiener Börse, CPI Europe)
CPI Europe remains exposed to the wider CPIPG financing structure. CPIPG was downgraded to BB by S&P, and its June figures showed 49.3% leverage and only 2.2 times net interest cover, which could constrain capital allocation or make future refinancing more expensive. (S&P Global Ratings, CPIPG)
Data summarised monthly by Lightyear AI. Last updated on 16 Sept 2026.
Upcoming events
No upcoming events
Funds containing CPI Europe AG
AllEURGBPUSD
Fund name | Fund size | €CPI weighting |
|---|---|---|
Xtrackers MSCI Europe Small Cap€DX2J | €3.2B | 0.04% |
Xtrackers MSCI Europe Small Cap£XXSC | £2.8B | 0.04% |
iShares MSCI World Small Cap$WSML | $9B | 0.01% |
iShares MSCI World Small Cap€IUSN | €7.8B | 0.01% |
iShares MSCI World Small Cap£WLDS | £6.7B | 0.01% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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