“All German Shares” series – Part 1
This is part 1 of the “All German Shares” series. As mentioned in the intro a few days ago and as a reminder:
- I will look at the shares in random order, so it doesn’t makes sense to propose specific shares to me
- the first round analysis will be very high level
Ok, so let’s start:
Nr. 1: DEMIRE (Deutsche Mittelstands Real Estate) AG – ISIN DE000A0XFSF0
DEMIRE is a listed real estate company focusing on “secondary” location commercial real estate objects, i.e. locations that are not “Prime”. The company has a market cap of 530 mn EUR and is stating an NAV of ~5,85 EUR compared to its latest stock price of around 4,90 EUR.
value and opportunity 