Netherlands' CTP Q1 rental income rises 12.3% on record leasing

CTP NV

30/04/2026 06:12

Overview

Netherlands logistics real estate firm's Q1 gross rental income rose 12.3% yr/yr

Adjusted EPRA EPS for Q1 climbed 8.7% yr/yr

Company reported record Q1 leasing activity, with signed leases up 83% yr/yr

Outlook

CTP reiterates 2026 Company specific adjusted EPRA EPS guidance of €1.01–€1.03

Company confirms target to deliver 1.4 mln–1.7 mln sqm of GLA in 2026

CTP expects to reach €1 bln annualised rental income by 2027

Result Drivers

RECORD LEASING ACTIVITY - Co said Q1 leasing volumes rose 83% yr/yr, supported by structural demand drivers such as reshoring and regionalisation

RENT INDEXATION AND REVERSIONS - Rental income growth attributed to indexation and rent reversion on renegotiations and expiring leases

HIGH RETENTION AND DIVERSIFIED TENANT BASE - Stable occupancy and cash flow supported by 95% client retention rate and broad tenant mix

Company press release: ID:nBw24cHLQa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Gross Rental Income
EUR 205.1 mln
EUR 247 mln (1 Analyst)
Q1 Adjusted EPRA Earnings
EUR 119.5 mln
Q1 Like-For-Like Rental Growth
4.6%


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 €21.50, about 38.9% above its April 29 closing price of €15.48

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 17 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)