Degroof Petercam - Home Invest Belgium SA (HOMI) Home Invest Belgium - Optional dividend +6.7% portfolio valuation

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Degroof Petercam

Vincent Koppmair

Home Invest Belgium - Optional dividend & +6.7% portfolio valuation

HOMI proposes an optional dividend at an EGM on 24 May.Positive portfolio valuation of 6.7% in Q1 2024.We reiterated our ‘Hold' rating and EUR 18.00 TP.More details in our Note published this morning

25/04/2024 1 EN

Underlying

Home Invest Belgium SA

Home Invest Belgium SA is a public regulated real estate company based in Belgium. The Company specializes in the acquisition, sale, development and management of residential real estate properties. It holds a wide portfolio of properties located on strategic locations in Belgium and The Netherlands. The Comapny's oerates throught its subsidiares such as Clarestates BV.

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BE0003760742 Euronext Brussels Belgium

Provider

Degroof Petercam

We are an investment house with Belgian roots founded on more than 150 years of trust.

As a private company owned by long-term committed shareholders, we are independent. Naturally and structurally. Our experts have the knowledge to think and act without bias, and to make decisions that benefit our clients. Today and tomorrow.

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Analysts

Vincent Koppmair

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Home Invest Belgium NV: 1 director

A director at Home Invest Belgium NV bought 1,025,850 shares at 13.080EUR and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The ...

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April 24, 2024 April 24, 2024 1 EN

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Home Invest Belgium - Like Belgian clockwork

HOMI releases solid results fully in line with expectations.EPRA results up 14.7%, but EPRA EPS only up 4.9% due to the dilutive impact of the 2022 & 2023 ABBs.DPS per share is confirmed at EUR 1.12.HOMI has provided the guidance for 2024. (i) EPRA EPS at EUR 1.15 (DPe EUR 1.10), (ii) EUR 40m of disposals (DPe EUR 20m), (iii) LfL net rental growth of at least 4% (in line with DPe), and (iv) EBIT margin improving above 73%.Leverage decreases 50bps compared to Q3 at 50.02%We reiterate our ‘Hold' rating and EUR 18.00 TP.More details in our Note published this

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Home Invest Belgium - Optional dividend & +6.7% portfolio valuation

Home Invest Belgium NV: 1 director

Home Invest Belgium - Like Belgian clockwork

Agfa-Gevaert - 2024 also to be H2-weighted - Q1 preview

PostNL - An unconvincing start

NSI - Big changes in shareholder structure

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