Overview
Belgium mixed real estate investor's Q1 net profit increased to €9.6 mln
Company reduced net financial debt to €571.8 mln following asset disposals
Post-quarter, company secured €120 mln forward sale for The Rock project and permit for Lake Side
Outlook
Company did not provide specific guidance or financial forecasts for the current or future periods
Result Drivers
ASSET DISPOSALS - Sale of Gewerbepark Stadlau contributed to net profit increase and reduced net financial debt
DEVELOPMENT PIPELINE - Continued progress in Cloche d'Or and Tour & Taxis projects supported results
Company press release: ID:nGNE9PFMpL
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income
EUR 9.6 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the commercial reits peer group is "buy"
Wall Street's median 12-month price target for Nextensa NV is €49.50, about 4.9% above its May 15 closing price of €47.20
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 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.)
