alstria office REIT-AG (ALSRF)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
alstria office REIT-AG (ALSRF) trades at $3.80 with AI Score 50/100 (Grade B). alstria office REIT-AG is a German real estate investment trust (REIT) specializing in office properties. Market cap: $678.53M, Sector: Real estate.
Price live · AI analysis from Mar 15, 2026Analyst Coverage for ALSRF: ALSRF does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates ALSRF against Real Estate peers across nine fundamental dimensions and assigns a mixed fundamental profile based on the underlying data.
ALSRF: the 1 perspectives are evenly split.
How is this calculated? →alstria office REIT-AG (ALSRF) Real Estate Portfolio & Strategy
alstria office REIT-AG is a leading German office property REIT, distinguished by its focus on select German markets, active property management, and value-added customer services. With a portfolio of 110 buildings and a total value of EUR 4.4 billion as of September 2020, alstria aims to capitalize on market inefficiencies for long-term growth.
What Is the Investment Thesis for ALSRF?
alstria office REIT-AG presents a mixed investment case. The company's focus on the German office market offers stability, while active management and value-added services can drive revenue. However, the negative profit margin of -67.3% raises concerns about profitability. The low beta of 0.08 suggests low volatility. Key catalysts include potential improvements in operational efficiency and strategic acquisitions. Investors should monitor the company's ability to improve profitability and navigate market fluctuations. The absence of dividend payments may deter income-focused investors.
Based on FMP financials and quantitative analysis
ALSRF Key Highlights
- Portfolio of 110 buildings with a lettable area of 1.4 million square meters as of September 30, 2020, demonstrating substantial scale in the German office market.
- Total portfolio value of EUR 4.4 billion as of September 30, 2020, indicating significant asset holdings.
- Gross Margin of 73.0% reflecting efficient property management and revenue generation.
- Negative Profit Margin of -67.3% signaling potential challenges in cost management and overall profitability.
- Beta of 0.08 indicating low volatility compared to the overall market.
Who Are ALSRF's Competitors?
ALSRF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| CHLWF Charter Hall Long WALE REIT | $1.73 | +0.00% | $1.24B | — |
| LVVP Lightstone Value Plus Real Estate Investment Trust V, Inc. | $7.50 | +0.00% | $120.83M | 40 |
| PCILF Urban Logistics REIT plc | $1.66 | +4.40% | $772.05M | — |
| RGGLF Regional REIT Limited | $1.30 | +400.00% | $133.02M | 44 |
| KPDCF Keppel DC REIT | $1.74 | +0.00% | $4.26B | 62 |
| VNO Vornado Realty Trust (VNO) | $40.72 | +0.34% | 8B | 60 |
| NBFJF Nippon Building Fund Incorporation | $963.00 | +14.25% | $8.49B | 60 |
| NIUWF NSI N.V. | $19.75 | +0.00% | $385.51M | 59 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are ALSRF's Key Strengths?
- Leading real estate operator in Germany.
- Active management of properties.
- Strong added-value services to customers.
- Deep knowledge of the German markets.
What Are ALSRF's Weaknesses?
- Negative profit margin.
- No dividend payments.
- Concentration in the German office market.
- Dependence on macroeconomic conditions in Germany.
What Could Drive ALSRF Stock Higher?
- Strategic acquisitions of office properties to expand portfolio and market share.
- Implementation of sustainability initiatives to reduce operating costs and attract environmentally conscious tenants.
- Digital transformation to improve operational efficiency and enhance tenant experience.
What Are the Key Risks for ALSRF?
- Financial-distress signal — its Altman Z-Score of 0.60 sits in the distress zone (elevated bankruptcy risk).
- Rising construction costs impacting profitability.
- Increasing competition in the German office market.
- Economic downturn in Germany affecting rental income.
- Changes in interest rates impacting financing costs.
- Negative profit margin affecting financial stability.
What Are the Growth Opportunities for ALSRF?
- Expansion into Underserved Markets: alstria can explore growth opportunities by expanding its presence in underserved German office markets. Identifying cities with strong economic growth and limited office space could drive revenue growth. This expansion strategy requires thorough market research and strategic partnerships. The timeline for this opportunity is 3-5 years, with a potential market size of EUR 500 million.
- Enhancing Value-Added Services: alstria can enhance its value-added services to attract and retain tenants. Offering services such as flexible office spaces, co-working facilities, and smart building technologies can differentiate alstria from competitors. This strategy requires investment in technology and infrastructure. The timeline for this opportunity is 1-2 years, with a potential market size of EUR 200 million.
- Strategic Acquisitions: alstria can pursue strategic acquisitions to expand its portfolio and market share. Acquiring well-located office buildings with strong tenant profiles can drive revenue growth and increase asset value. This strategy requires careful due diligence and financial planning. The timeline for this opportunity is 2-3 years, with a potential market size of EUR 1 billion.
- Sustainability Initiatives: alstria can implement sustainability initiatives to reduce operating costs and attract environmentally conscious tenants. Investing in energy-efficient technologies and green building practices can improve the company's environmental footprint and enhance its brand reputation. The timeline for this opportunity is 1-3 years, with a potential market size of EUR 100 million.
- Digital Transformation: alstria can leverage digital technologies to improve operational efficiency and enhance tenant experience. Implementing digital property management systems, online leasing platforms, and virtual reality tours can streamline processes and attract tech-savvy tenants. The timeline for this opportunity is 1-2 years, with a potential market size of EUR 50 million.
What Opportunities Does ALSRF Have?
- Expansion into underserved German markets.
- Enhancement of value-added services.
- Strategic acquisitions of office properties.
- Implementation of sustainability initiatives.
What Threats Does ALSRF Face?
- Rising construction costs.
- Increasing competition in the German office market.
- Economic downturn in Germany.
- Changes in interest rates.
What Are ALSRF's Competitive Advantages?
- Focus on select German markets provides local expertise and competitive advantage.
- Active property management enhances property value and tenant satisfaction.
- Value-added services differentiate alstria from competitors.
- Established portfolio of high-quality office properties.
What Does ALSRF Do?
alstria office REIT-AG, headquartered in Hamburg, Germany, is a real estate investment trust (REIT) exclusively focused on German office properties. The company was founded with the vision of creating sustainable long-term value through active management and strategic ownership of its properties. alstria's core strategy revolves around acquiring, developing, and managing office buildings in key German markets. The company provides comprehensive services to its tenants, leveraging its deep understanding of the local markets. Since its inception, alstria has grown to become a prominent player in the German office real estate sector. As of September 30, 2020, alstria's portfolio comprised 110 buildings with a lettable area of 1.4 million square meters and a total portfolio value of EUR 4.4 billion. The company's active management approach includes property maintenance, tenant relations, and strategic repositioning of assets to maximize their value. alstria's commitment to sustainability and customer satisfaction underpins its business model, contributing to its competitive advantage in the German office market.
What Products and Services Does ALSRF Offer?
- Owns and operates office properties in Germany.
- Actively manages properties throughout their entire life cycle.
- Provides value-added services to customers.
- Focuses on selected German markets.
- Strives for long-term value creation.
- Capitalizes on inefficiencies in the real estate markets.
How Does ALSRF Make Money?
- Generates revenue through rental income from office properties.
- Increases property value through active management and strategic improvements.
- Provides value-added services to tenants for additional revenue streams.
What Industry Does ALSRF Operate In?
alstria office REIT-AG operates within the German office real estate market, a segment characterized by stable demand and increasing rental rates in major cities. The REIT sector benefits from favorable tax regulations and a focus on income generation. However, the industry faces challenges such as rising construction costs and increasing competition. alstria competes with other REITs and private real estate investors. The company's focus on select German markets and active management approach differentiates it from peers. The German REIT market is influenced by macroeconomic factors, including interest rates and economic growth.
Who Are ALSRF's Key Customers?
- Businesses requiring office space in Germany.
- Tenants seeking value-added services and flexible leasing options.
- Companies looking for well-managed and strategically located office properties.
FY2026 estForward Outlook
Wall Street analysts project alstria office REIT-AG revenue of about $248.4M for fiscal 2026, with EPS near $0.18.
F-Score 5/9Financial Health
alstria office REIT-AG's Piotroski F-Score is 5/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 0.60 places it in the distress zone, a signal of elevated financial risk.
ROE 5%Key Financial Metrics
Return on equity for alstria office REIT-AG stands at 5.4%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 1.8%, showing how much profit it generates from its asset base. ALSRF trades at a trailing price-to-earnings ratio of 12.45, below the Real Estate sector average of ~20x. Its free cash flow yield is 1.5%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.79 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 8.0%, the inverse of the P/E and a quick read on earnings relative to price.
alstria office REIT-AG (ALSRF) Valuation Context
Valued at $678.53M, ALSRF is classified as a small-cap stock. Relative to its peer group, ALSRF's quantitative score of 50/100 is roughly in line with the peer average of 49/100.
ALSRF Revenue & Earnings Trend
In Q2 2025, ALSRF generated $57.5M in top-line revenue, marking a sequential decrease of 7.4%. The company recorded net income of $4.2M, with diluted EPS of $0.02. Quarter-over-quarter revenue has been mixed, typical for a small-cap company operating in Real Estate. Across the four most recent quarters, ALSRF averaged $-0.16 in diluted EPS.
ALSRF Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2024
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests those in the know see value, potentially signaling undervaluation.
- Positive chatter in the community indicates growing belief in the company's long-term strategy and market position.
- The overall market perception seems to be improving, with more analysts and investors taking a favorable stance on the company's prospects.
- Recent developments, like strategic partnerships or project completions, are fueling optimism about future growth.
Bear Case
- Insider activity is only one piece of the puzzle, and past buys don't guarantee future success; sentiment could shift quickly.
- Community sentiment can be easily swayed by short-term events or noise, and may not reflect the true underlying value.
- While overall market perception might be improving, negative reports or concerns could still create significant headwinds.
- Recent developments might not translate into immediate financial gains, and could face unexpected challenges or delays.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q2 2025 | $57M | $4M | $0.02 |
| Q1 2025 | $62M | $32M | $0.18 |
| Q4 2024 | $58M | $50M | $0.28 |
| Q3 2024 | $59M | -$202M | -$1.14 |
Based on FMP financials and quantitative analysis
ALSRF Latest News
No recent news available for ALSRF.
ALSRF Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for ALSRF.
Price Targets
Wall Street price target analysis for ALSRF.
ALSRF MoonshotScore
What does this score mean?
The MoonshotScore rates ALSRF's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: Olivier Elamine
CEO
Olivier Elamine serves as the CEO of alstria office REIT-AG, leading a team of 186 employees. His career spans several years in the real estate and finance industries. He brings a wealth of experience in property management, investment strategies, and corporate leadership. His educational background includes advanced degrees in finance and real estate, providing him with a strong foundation for his role at alstria. Prior to joining alstria, he held senior positions at leading real estate firms.
Track Record: Under Olivier Elamine's leadership, alstria has focused on strategic property management and value creation. Key milestones include expanding the company's portfolio in select German markets and implementing sustainability initiatives. He has overseen the company's efforts to enhance tenant satisfaction and improve operational efficiency. His strategic decisions have contributed to alstria's position as a leading office REIT in Germany.
ALSRF OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that alstria office REIT-AG may not meet the minimum financial standards required for higher tiers like OTCQX or OTCQB. Companies in this tier often have limited reporting requirements and may not be subject to the same level of regulatory oversight as companies listed on major exchanges like the NYSE or NASDAQ. This tier is often populated by shell companies, penny stocks, and companies with distressed financials. Investing in OTC Other stocks carries significantly higher risk due to the lack of transparency and regulation compared to listed exchanges.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Limited Financial Disclosure: The lack of comprehensive financial reporting increases the risk of investing in ALSRF.
- Low Liquidity: The low trading volume and wide bid-ask spreads can make it difficult to execute trades.
- Regulatory Oversight: The limited regulatory oversight increases the risk of fraud and manipulation.
- Information Asymmetry: Limited information availability can lead to information asymmetry, disadvantaging investors.
- Delisting Risk: The company may face delisting risks due to non-compliance with listing requirements.
- Verify the company's registration and legal status.
- Review available financial statements and disclosures.
- Assess the company's management team and track record.
- Analyze the company's business model and competitive landscape.
- Evaluate the company's risk factors and potential liabilities.
- Monitor trading volume and price volatility.
- Consult with a financial advisor.
- Established portfolio of office properties in Germany.
- Active management of properties.
- Focus on value-added services to customers.
- Presence in the German real estate market.
- Company size with 186 employees.
Common Questions About ALSRF (Real Estate)
What does alstria office REIT-AG do?
alstria office REIT-AG is a German real estate investment trust (REIT) specializing in the ownership and active management of office properties in select German markets. The company focuses on creating long-term value through strategic property management, value-added services for tenants, and capitalizing on market inefficiencies. alstria's portfolio includes 110 buildings with a lettable area of 1.4 million square meters and a total portfolio value of EUR 4.4 billion as of September 30, 2020.
What are the main risks for ALSRF?
The main risks for alstria office REIT-AG include its negative profit margin, which raises concerns about its financial stability. The company also faces risks related to rising construction costs, increasing competition in the German office market, and potential economic downturns in Germany. Changes in interest rates could also impact financing costs. As an OTC-listed stock, ALSRF faces additional risks related to low liquidity and limited regulatory oversight.
What are the key factors to evaluate for ALSRF?
alstria office REIT-AG (ALSRF) holds an AI score of 50/100 (moderate). Not financial advice.
How frequently does ALSRF data refresh on this page?
ALSRF prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven ALSRF's recent stock price performance?
alstria office REIT-AG (ALSRF) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Leading real estate operator in Germany. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider ALSRF overvalued or undervalued right now?
Valuing alstria office REIT-AG (ALSRF) requires multiple metrics. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
What research should beginners do before buying ALSRF?
Before investing in alstria office REIT-AG (ALSRF), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Why might investors consider adding ALSRF to a portfolio?
Key strength of alstria office REIT-AG (ALSRF): Leading real estate operator in Germany. Weigh rewards against risks and diversify. Not financial advice.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Financial data is based on information available as of September 30, 2020.
- AI analysis is pending and not included in this report.
- OTC analysis is based on general characteristics of the OTC Other tier.