Hamborner REIT AG (CHIX:HABAD) Construction In Progress : €0.0 Mil (As of Dec. 2024)

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What is Hamborner REIT AG Construction In Progress?

Hamborner REIT AG Construction In Progress Historical Data

The historical data trend for Hamborner REIT AG's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
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Hamborner REIT AG Construction In Progress Chart

Hamborner REIT AG Annual Data

Trend

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Construction In Progress

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Hamborner REIT AG Quarterly Data
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Hamborner REIT AG Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

Hamborner REIT AG Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Hamborner REIT AG (CHIX:HABAd) » Definitions » Construction In Progress

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HABA:Germany

Address

Goethestrasse 45, Duisburg, NW, DEU, 47166

Website

https://www.hamborner.de

Hamborner REIT AG is a real estate investment trust (REIT) specializing in property investment, particularly in commercial real estate. Its diverse portfolio includes modern office properties in established locations and retail properties focused on local shops in city centers and high-footfall suburban areas in Germany. The company pursues an active portfolio strategy, seeking properties with solid risk-return profiles. With a focus on "core" properties, characterized by high-quality locations and long-term leases, it aims to achieve around 80 to 90% of its portfolio volume. Primarily investing in German metropolitan regions, it targets locations with promising economic and demographic prospects. The majority of its rental income is derived from retail properties.

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