Netherlands' CTP annual net rental income rises 14.1% on tenant demand

CTP NV

26/02/2026 06:18

Overview

Real estate developer's FY-2025 net rental income rose 14.1% yr/yr

EPRA NTA per share increased 12.8% yr/yr

Company signed 2.325 mln sqm of new leases, up 10% from 2024

Outlook

CTP expects 2026 adjusted EPRA EPS of €1.01 to €1.03

CTP plans to deliver 1.4 mln to 1.7 mln sqm in 2026

CTP targets YoC between 8.5% - 9.5% from 2027 onwards

Result Drivers

TENANT DEMAND - Strong tenant demand led to 2.325 mln sqm of new leases, up 10% from 2024

LAND BANK UTILIZATION - CTP utilized its 33.8 mln sqm landbank to support growth and shareholder value

STRUCTURAL TRENDS - Nearshoring and manufacturing in Europe drove tenant demand

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Net Income
EUR 1.08 bln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy", 1 "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 €22.25, about 13.5% above its February 25 closing price of €19.60

The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 16 three months ago

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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.)