'Growth is back': Degroof Petercam ups Eurocommercial Properties to 'buy'

Eurocommercial Properties NV

06/03/2026 12:22

** Degroof Petercam upgrades pan-European retail property firm Eurocommercial Properties ECMPA.AS to "buy" from "hold", after the company reported "good results" and an accretive acquisition in Sweden

** The broker highlights the 110 million euros ($127.36 million) purchase of the Swedish Avion Shopping Centre, which is expected to generate an 8% yield and resume the company's growth strategy

** The upgrade is also supported by solid underlying operations, including a record-low 1% vacancy rate and an Occupancy Cost Ratio (OCR) that is down to 9.4%

** The brokerage states "growth is back", pointing to wise capital management which has created financial leeway to support future expansion and an improved balance sheet

** Degroof Petercam raises its PT by nearly 7% to EUR 32, viewing the stock as "undervalued" and noting the cautious 2026 earnings guidance should be supported by the new deal

** Among the 11 analysts covering Eurocommercial Properties, nine rate the stock "strong buy" or "buy"​ and three rate "hold" - LSEG data

($1 = 0.8637 euros)

 (Reporting by Clement Martinot)

 ((Clement.Martinot@thomsonreuters.com;))