VGP falls after discounted ABB

VGP NV

08/05/2026 09:02

** Shares of VGP VGP1.BR fall around 6% to 81.6 euros  ($95.8) after the real estate developer raised 250 million euros through a discounted accelerated bookbuilding process (ABB)

** Issue price was 81.8 euros per share, a 5.76% discount to to Thursday's last traded price before trading was halted

** "We believe the capital increase was rationale, despite the short-term dilution on EPRA NTA (13% discount to EPRA NTA at end 2025 adjusted for the detached dividend), as it provides the financial headroom to pursue the attractive growth profile of the company," Degroof Petercam says in a note

** Separately, VGP reported on Thursday annualised rents reached 486 million euros YTD, occupancy rate was at 98%

** "Overall, execution continues despite a more uncertain macro backdrop," says KBC Securities about the results

** The stock is tracking its worst day in a month, if the losses hold

($1 = 0.8514 euros)

 (Reporting by Gianluca Lo Nostro)

 ((Gianluca.lonostro@thomsonreuters.com))