Best Real Estate Stocks in Germany for 2026
REITs ranked on FFO-based valuation and dividend coverage instead of GAAP P/E, which understates how real estate actually creates value.
Real Estate is dominated by REITs whose accounting (depreciation reduces GAAP earnings without reflecting economic value) makes raw P/E misleading. The composite leans on FFO-based metrics in the Valuation pillar and dividend-coverage ratios in Health. Yield isn't a free lunch; payout sustainability separates the durable names from the trap setups.
Germany listings on the XETRA segment of the Frankfurt Stock Exchange report under IFRS and skew toward industrials, autos, and financials. Composite scoring is conservative on growth (cyclical earnings) and rewards Quality + Health.
Data as of (updated daily)
Top 20 Real Estate in Germany by composite score
| # | Ticker | Name | Composite |
|---|---|---|---|
| 1 | GYC.XETRA | Grand City Properties SA | 73.7 |
| 2 | LEG.XETRA | LEG Immobilien SE | 71.1 |
| 3 | DEQ.XETRA | Deutsche EuroShop AG | 68.4 |
| 4 | PAT.XETRA | Patrizia AG | 65.5 |
| 5 | INS.XETRA | Instone Real Estate Group AG | 63.9 |
| 6 | AT1.XETRA | Aroundtown SA | 63.6 |
| 7 | VNA.XETRA | Vonovia SE | 61.0 |
| 8 | GTY.XETRA | Gateway Real Estate AG | 55.6 |
| 9 | VIH1.XETRA | VIB Vermögen AG | 54.8 |
| 10 | O5G.XETRA | Cpi Property Group SA | 52.0 |
| 11 | FC9.XETRA | FCR Immobilien AG | 51.8 |
| 12 | TEG.XETRA | TAG Immobilien AG | 51.4 |
| 13 | DWNI.XETRA | Deutsche Wohnen SE | 50.6 |
| 14 | HABA.XETRA | Hamborner REIT AG | 47.6 |
| 15 | ADJ.XETRA | Adler Group SA | 47.1 |
| 16 | DKG.XETRA | Deutsche Konsum REIT AG | 45.7 |
| 17 | NUVA.XETRA | Noratis AG | 44.6 |
| 18 | CCAP.XETRA | CORESTATE Capital Holding S.A | 44.6 |
| 19 | SZ50.XETRA | Lübke Kelber AG | 44.5 |
| 20 | DGR.XETRA | Deutsche Grundstücksauktionen AG | 40.2 |
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Methodology: How we score stocks. Data refreshed nightly around 03:30 ET. This page lists the top 20 by composite score within the Real Estate sector listed in Germany; use the screener for the full ranked list.