Degroof Petercam ups Montea on strong leasing momentum

Montea NV

21/08/2026 09:20

** Following Montea's  MONTE.BR  H1 report, Degroof Petercam ups the Belgian logistics real estate firm to "buy" from "hold" as strong leasing momentum translates into new pre-let projects
** Montea shares edge up 1.7% to €67.1
** The broker views current valuation as undemanding given the improved visibility on earnings per share growth and expected pre-lettings in the development pipeline
** "Momentum is building up," the broker says, with Montea's Track27 targeted investment plan almost fully secured as acquisitions will materialise in the coming months
** Montea reports EPRA EPS up 5% y/y to €2.47, with net rental income at €74.6 million ($87.2 million), which Degroof sees as "solid" 
** Out of 9 analysts covering Montea NV, seven rate it "strong buy" or "buy" and ​two rate "hold"
($1 = 0.8552 euros)

(Reporting by Hugo Lhomedet)
((hugo.lhomedet@thomsonreuters.com))