Report
CTP Update from CMD in Germany NRW region
CTP kicked off its 2-day CMD that started with a management presentations in Wuppertal. A press release at 8h00 increased its 2030 GLA ambition to 30m sqm (was 20m). That implies an average addition of about 3m sqm annually. The statement refers to a 10-15% organic growth mainly from existing parks. CTP also narrowed the range of completions for FY25 from 1.2-1.7m sqm to 1.3-1.6m. The completions range for FY26 was set at 1.4-1.7m sqm. The EPRA EPS25 guidance was confirmed at 0.86 to 0.88 range. The first day will present about 8 presentations in the morning and site visits in the afternoon. There will be a focus on brownfields, a theme that we also highlighted as an opportunity to grow in a country with tight land availability. The ambition of CTP clearly will not cool any time soon. We maintain a target price at a 10% premium to NTA (19.36) as long as there are no signs that CTP has trouble reaching 80-90% pre-let on completion.
Underlying
CTP NV
Provider
KBC Securities
We are a financial services provider for several types of professional clients, each with distinct needs.
Wim Lewi
Other Reports on these Companies
Other Reports from KBC Securities
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.