WHA Wereldhave N.V.

Wereldhave Half-year results 2025

Wereldhave Half-year results 2025

  • Forecast FY 2025 direct result per share (DRPS) raised to € 1.75-1.85 from € 1.70-1.80
  • € 108m of non-core assets sold at book value
  • Continued operational improvements in core portfolio: +6% like-for-like net rental income growth and +2% retailer sales growth
  • Debt profile further strengthened through € 125m refinancing, partially with inaugural European Private Placement (EUPP)
  • Fitch credit rating BBB with stable outlook reaffirmed
  • First Dutch joint venture with Sofidy on Stadshart Zoetermeer
  • 2025 Full Service Center transformations of Kronenburg and Nivelles on track in terms of costs and lettings
  • Screening acquisition opportunities in Belgium and Luxembourg

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EN
22/07/2025

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Reports on Wereldhave N.V.

ING Helpdesk
  • ING Helpdesk

Benelux Morning Notes

Aedifica: c.€29m new developments in Germany and Finland / GBL: €0.5bn equity investment in Rayner, an ophthalmic MedTech specialist / NN Group: Is consensus running ahead of a capital update with FY25 results? / Philips: Supportive update ahead of CMD / Proximus: Route Mobile 3Q26 shows lower revenues, better profitability / Staffing sector: French staffing: December better but January outlook weaker but perhaps better than number of temp outlook indicates / VAR Energi: Strong CMD target 400kpd...

Roy Külter ... (+2)
  • Roy Külter
  • Steven Boumans
 PRESS RELEASE

Wereldhave Full-year results 2025

Wereldhave Full-year results 2025 Direct result 2025 at € 1.86 per share, above guidance of € 1.80-1.85Occupancy rate at 98%, highest since 2013Like-for-like rental growth of +6%, driven by improved Dutch retail market and focus on other incomeDisposal of Dutch FSC Sterrenburg (€ 60m) at book value in December 2025Stable cost base despite portfolio growth and inflationTotal shareholder return 2025 of +51%Proposed dividend for 2025 at € 1.30 per share (+4%)Outlook 2026 direct result per share € 1.85-1.95 Attachment

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