Netherlands' CTP 9M gross rental income rises, reiterates adjusted EPRA EPS guidance
Netherlands' CTP 9M gross rental income rises, reiterates adjusted EPRA EPS guidance
Overview
Netherlands logistics real estate developer's 9M-2026 gross rental income rose 12.5% yr/yr
Adjusted EPRA EPS for 9M-2026 increased 7.4% yr/yr
Company announced up to €100 mln share buyback programme
Outlook
Company expects 2026 deliveries at lower end of 1.4 mln–1.7 mln sqm guidance range
CTP reiterates 2026 adjusted EPRA EPS guidance of €1.01–€1.03
Company expects to reach €1.0 bln annualised rental income in 2027
Result Drivers
RECORD LEASING ACTIVITY - Co said 9M-2026 leasing volume rose 23% yr/yr, with most new leases signed by existing clients
NEW DELIVERIES AND RENT INDEXATION - Co attributed rental income growth to new property completions and CPI-linked rent increases
HIGH DEVELOPMENT YIELDS - Co said 9M-2026 property deliveries achieved 10% yield-on-cost and high occupancy
Company press release: ID:nBw82R0nba
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
9M Gross Rental Income |
| EUR 632 mln |
|
9M Like-For-Like Rental Growth |
| 4.80% |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the real estate rental, development & operations peer group is "buy"
Wall Street's median 12-month price target for Ctp NV is €18.75, about 49% above its October 28 closing price of €12.58
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 15 three months ago
Reuters Recommended Reads
Oct 28 - Germany's Vonovia 9M adj. EBITDA rises, outlook cut on higher financing costs
Oct 27 - WP Carey Q3 revenue beats estimates, raises annual AFFO forecast on strong investment activity
Oct 28 - Four Corners Property Trust Q3 rental revenue rises 13.8%
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)