Deutsche EuroShop/€DEQ
1D1W1MYTD1Y5YMAX
Capital at risk
About Deutsche EuroShop
Deutsche EuroShop AG is a real estate investment company specializing in shopping centers across Europe. Its core business focuses on acquiring, managing, and developing retail shopping centers, predominantly located in Germany and other parts of Europe. The company owns a diverse portfolio of shopping centers, which serve as significant consumer hubs in their respective regions. Founded in 1997 and headquartered in Hamburg, Germany, Deutsche EuroShop benefits from a strategic focus on prime locations and high-quality properties. The company's competitive strengths lie in its extensive experience in the retail property sector and its ability to generate stable returns through long-term leasing agreements with various retail tenants.
- Ticker
- €DEQ
- Sector
- Real Estate
- Primary listing
- XETRA
- Employees
- 7
- Headquarters
- Hamburg, Germany
DEQ Metrics
BasicAdvanced
€1.4B
6.30
€2.86
0.42
€1.00
5.56%
Price and volume
Market cap
€1.4B
Beta
0.42
52-week high
€21.30
52-week low
€17.40
Average daily volume
5K
Dividend rate
€1.00
Financial strength
Current ratio
3.403
Quick ratio
3.218
Long term debt to equity
0.931
Total debt to equity
0.965
Dividend payout ratio (TTM)
127.72%
Interest coverage (TTM)
3.17%
Profitability
EBITDA (TTM)
226.713
Gross margin (TTM)
83.78%
Net profit margin (TTM)
75.76%
Operating margin (TTM)
79.31%
Effective tax rate (TTM)
-32.61%
Revenue per employee (TTM)
€40,810,000
Management effectiveness
Return on assets (TTM)
3.02%
Return on equity (TTM)
11.01%
Valuation
Price to earnings (TTM)
6.299
Price to revenue (TTM)
4.772
Price to book
0.72
Price to tangible book (TTM)
0.74
Price to free cash flow (TTM)
9.609
Free cash flow yield (TTM)
10.41%
Free cash flow per share (TTM)
1.873
Dividend yield (TTM)
5.56%
Forward dividend yield
5.56%
Growth
Revenue change (TTM)
1.21%
Earnings per share change (TTM)
62.25%
3-year revenue growth (CAGR)
4.91%
10-year revenue growth (CAGR)
2.47%
3-year earnings per share growth (CAGR)
151.00%
10-year earnings per share growth (CAGR)
-6.22%
3-year dividend per share growth (CAGR)
-26.32%
10-year dividend per share growth (CAGR)
-2.96%
Bulls say / Bears say
Deutsche EuroShop is still producing modest like-for-like growth in a difficult retail market. In the first half of 2026, tenant sales rose 2.4%, revenue 1.5%, NOI 1.6% and EBIT 1.4%, while occupancy remained high at 95.4%; management also confirmed its full-year forecast. (Webdisclosure)
The portfolio is concentrated in established, prime shopping-centre locations across five European countries. The Main-Taunus-Zentrum is a useful proof point: its Food Garden attracted more visitors in its first year and supports the strategy of adding food and leisure uses to keep centres relevant. (Webdisclosure, MarketScreener)
Funding risk looks manageable in the near term. The company says its 2026 refinancing needs are complete, with no substantial maturities until 2028, alongside a cash position of €417.1 million and an EPRA loan-to-value ratio of 40.6%. (MarketScreener)
Higher borrowing costs are already cutting into recurring earnings. First-half EBT before valuation effects fell 6.3% to €70.4 million, while interest expense linked particularly to the 2025 bond was the main reason for the decline. (Webdisclosure)
The sales resilience is not yet translating into stronger customer traffic. Visitor numbers fell 1.3% in the first half of 2026 and occupancy slipped from 95.7% at the end of 2025 to 95.4%, leaving the business exposed if consumer demand weakens further. (Webdisclosure)
Near-term recurring growth is limited: management’s 2026 guidance implies FFO of €134–142 million, below the €147.6 million achieved in 2025. The company expects higher rental income, but higher interest costs are forecast to more than offset it at the FFO level. (Webdisclosure, Webdisclosure)
Data summarised monthly by Lightyear AI. Last updated on 18 Sept 2026.
Upcoming events
No upcoming events
Funds containing DEQ
AllEURGBPUSD
Fund name | Fund size | €DEQ weighting |
|---|---|---|
iShares European Property Yield€IPRP | €813M | 0.19% |
iShares European Property Yield£IPRP | £698M | 0.18% |
iShares Developed Markets Property Yield$IDWP | $1.2B | 0.01% |
iShares Developed Markets Property Yield£IWDP | £859M | 0.01% |
Vanguard FTSE Global All-cap$VALU | $199M | 0.00% |
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.
Market data provided by CBOE Europe and Deutsche Börse.