Belgium's Retail Estates yearly EPRA earnings rise 1.1% on rent indexation

Retail Estates NV

22/05/2026 06:11

Overview

Belgium retail property landlord's EPRA earnings for yr rose 1.14% yr/yr

Net rental income for yr increased 2.54% yr/yr

Company acquired first retail park in France after balance sheet date

Outlook

Retail Estates expects 2026-2027 net rental income of €149 mln

Company aims for 2026-2027 gross dividend of €5.25 per share

Outlook depends on economic, financial market and property market conditions

Result Drivers

RENT INDEXATION - Increase in rental income mainly due to indexations of existing rents and like-for-like rises

HIGH OCCUPANCY - Occupancy rate rose to 97.82%, with few shop closures and rapid re-letting limiting rental loss

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY EPRA Earnings
EUR 91.90 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and 2 "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 Retail Estates NV is €66.00, about 4.5% below its May 21 closing price of €69.10

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 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.)