Deutsche Pfandbriefbank AG said it's bracing for an ongoing decline in commercial real estate. It called the downturn "the greatest real estate crisis since the financial crisis." Shares of the German bank have declined about 25% year-to-date. AdvertisementSigns of commercial real estate distress continue to mount, with the latest warning coming from German lending giant Deutsche Pfandbriefbank AG. "Despite these expenses, pbb remains profitable thanks to its financial strength – even in the greatest real estate crisis since the financial crisis," the bank said in a statement February 7.

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