Added to YB: 2026-10-02
Pitch date: 2026-09-28
INS.DE [neutral]
Instone Real Estate Group SE
-13.25%
current return
Author Info
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Company Info
Instone Real Estate Group SE, together with its subsidiaries, develops residential real estate properties in Germany.
Market Cap
EUR 285.1M
Pitch Price
EUR 6.64
Price Target
N/A
Dividend
6.53%
EV/EBITDA
10.26
P/E
5.97
EV/Sales
1.18
Sector
Real Estate Management and Development
Category
value
Monday Delight: 28/09/2026 - Instone Real Estate Group SE
INS.DE: Instone is a low-levered survivor of Germany’s residential-development shakeout that has acquired roughly €1.3bn of land counter-cyclically since early 2025. At 0.44x NAV, the shares trade at a ~55% discount and imply close to zero value for the ~€2bn land bank, while yielding 8.3%. The main risks are short debt maturities, nearly 5% funding costs, concentrated ownership and thin liquidity that could keep the discount open.
Read full article (1 min)