Defama Deutsche Fachmarkt

What Defama Deutsche Fachmarkt does

DEFAMA Deutsche Fachmarkt AG is a Berlin-domiciled, publicly listed German real estate investment company founded in 2014. Its stated purpose is the acquisition, ownership, and long-term leasing of retail properties (Einzelhandelsimmobilien) in small and medium-sized cities across Germany, a niche deliberately sized below the lot-size threshold of most institutional buyers. As of 31 December 2025, the portfolio comprised 94 properties with 324,310 sqm of leasable space, an annualized net cold rent of approximately 28 million EUR, a portfolio valuation of 352 million EUR, 93% occupancy, and a weighted average lease term (WALT) of 4.6 years. Tenants are predominantly blue-chip German retail chains, including food retailers ALDI, EDEKA, Kaufland, LIDL, REWE, Netto, Penny, and NORMA, drugstores Rossmann and dm-Drogerie, and shoe/fashion/DIY chains Deichmann, KiK, Takko, TEDi, and toom.

The company has no proprietary technology stack: asset acquisition, financing, and property management are operated in a traditional real estate model with a small management team. The go-to-market is deal-sourcing through an extensive network of banks, brokers, and fund companies, with screening criteria focused on strong anchor tenants, lease terms above five years, and a cap of ten tenants per property; the stated objective is to acquire at double-digit net rental yields. Revenue mechanics are simple recurring rental income, concentrated by tenant rather than by geography. DEFAMA has been listed on the m:access segment of the Munich Stock Exchange since 2015 (WKN/ISIN: A13SUL/DE000A13SUL5), with shares also trading on XETRA and the Frankfurt, Dusseldorf, and Berlin exchanges; 4,800,000 bearer shares are outstanding and ownership is concentrated (MSC Invest GmbH ~26%, supervisory board ~2%, free float ~72%).

Capital has been raised through equity: a 7.8 million EUR capital increase in August 2019 (subscription rights 15:2 at 15.00 EUR/share) and a 10.3 million EUR capital increase in March 2022 (cash contribution, excluded subscription rights). In December 2024 the company published a long-range 'DEFAMA 2030' strategic plan, and in May 2026 it reported a material reduction in portfolio vacancy. The dual product offering to the market is, accordingly, the underlying real estate portfolio and a publicly traded equity instrument providing exposure to that portfolio.

Name

Defama Deutsche Fachmarkt

Legal name

DEFAMA Deutsche Fachmarkt Aktiengesellschaft

Website

https://defama.de

Company type

Public

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

DEFAMA Deutsche Fachmarkt AG is a German publicly listed real estate company that acquires and manages retail properties (Einzelhandelsimmobilien) in small and medium-sized German cities, leasing them primarily to established retail chains such as ALDI, EDEKA, LIDL, and REWE to generate recurring rental income from a 94-property portfolio.

Ownership category

akta.pro rank

Headquarters

HQ city

Berlin

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Others, Infrastructure

Revenue model

1. Rental Income from Retail Properties: DEFAMA generates revenue through long-term rental income from its portfolio of retail properties. The company acquires retail properties and leases them to tenants, primarily established food retailers and chain stores. Annualized net cold rent amounts to approximately 28 million euros from 94 properties.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

DEFAMA acquires, owns, and manages retail properties (Einzelhandelsimmobilien) in small and medium-sized German cities. The portfolio comprises 94 properties with 324,310 sqm of rentable space and is leased to established retail chains such as ALDI, EDEKA, Kaufland, LIDL, REWE, Rossmann, dm, Deichmann, KiK, Takko, TEDi, and toom. Annualized net cold rent amounts to approximately €28 million and portfolio value stands at €352 million as of 31.12.2025. The company also offers its publicly traded shares (WKN: A13SUL) to capital market investors via German stock exchanges.

Product overview

Defama Deutsche Fachmarkt AG operates as a real estate investment company with two core offerings: (1) a portfolio of 94 retail properties (Einzelhandelsimmobilien) across small and medium-sized German cities, generating €28 million in annualized net cold rent and valued at €352 million, and (2) publicly traded shares (WKN: A13SUL) listed on m:access Munich, XETRA, Frankfurt, Düsseldorf, and Berlin. The company does not offer a technology product, SaaS platform, or module-based software architecture.

Differentiator

Problem solved

Functional benefit

Products and services

• Retail Property Portfolio (Einzelhandelsimmobilien-Portfolio) Portfolio of 94 retail properties (Einzelhandelsimmobilien) in small and medium-sized German cities, totaling 324,310 sqm of rentable space, with 93% occupancy, a portfolio value of €352 million, and annualized net cold rent of €28 million as of 31.12.2025. Leased to anchor tenants such as ALDI, EDEKA, Kaufland, LIDL, REWE, Rossmann, dm, Deichmann, KiK, Takko, TEDi, and toom on long-term leases with a weighted average lease term of 4.6 years.
• DEFAMA Aktieninvestment (Listed Shares) Publicly traded bearer shares (Inhaberaktien) of DEFAMA Deutsche Fachmarkt AG with WKN A13SUL / ISIN DE000A13SUL5. Total of 4,800,000 shares outstanding, traded on the m:access segment of the Munich Stock Exchange as primary market, with additional trading on XETRA, Frankfurt, Düsseldorf, and Berlin (Freiverkehr), enabling investors to participate in the company's growth.

Quantifiable outcome

• Target net rental yield of double-digit percentage on acquisitions
• +2 more outcomes

Named customers15 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators9 records

Recent moves10 records

Expansion highlights5 records

Broad incumbents

• TAG Immobilien AG: Larger German listed real estate company focused on residential and mixed-use properties; comparable as a German small/mid-cap real estate investment company operating in the same capital markets segment, though primarily residential.
• Vonovia SE: Europe's largest residential real estate company and a major German listed REIT; provides the broader German listed real estate benchmark that frames investor appetite for German small-caps like DEFAMA.

Direct peers

• FCR Immobilien AG: Small-cap German real estate company focused on retail properties in German secondary and tertiary locations, with a similar 'small-town retail' thesis to DEFAMA.
• Hamborner REIT AG: German retail and office REIT with a sizable share of grocery-anchored retail assets in German city locations; competes with DEFAMA for similar grocery-anchored retail assets and investor capital.
• Deutsche EuroShop AG: German listed company investing in shopping centers across Germany and Europe; comparable as a German retail property investor though focused on larger shopping centers rather than small Fachmarkt assets.
• Hahn-Immobilien-Beteiligungs AG: German retail real estate asset manager and investor specializing in German Fachmarkt and shopping center assets, overlapping with DEFAMA's niche in retail real estate for institutional capital pools.
• Deutsche Konsum REIT-AG: German retail REIT focused on grocery-anchered retail properties in smaller and mid-sized German cities — almost identical mandate, tenant profile, and asset-size strategy as DEFAMA.

Others

• Branicks Group AG (formerly DIC Asset AG): German listed commercial real estate company with an investment portfolio that includes German commercial assets; relevant as a comparable German listed real estate platform even though primarily office-focused.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/defama-deutsche-fachmarkt-ag

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Defama Deutsche Fachmarkt