NSI NV : Q1 2024 trading update: Lower than our estimates, outlook reiterated
>Figures stood lower than our estimates, outlook reiterated - This morning, NSI reported its Q1 2024 trading update reporting lower than our estimates. net rental income and EPRA earnings lower than our estimates and YoY due to higher operating costs, taxes and interest expenses. On today’s trading update, we highlight the following:Remains best-in class balance sheet with a reported LTV of 30.9% in Q1 and no debt maturities until 2026. Resilient gross renta...NSI NV, formerly Nieuwe Steen Investments NV, is a closed-end real estate investment firm based in the Netherlands. The Firm invests in a real estate portfolio, which it also actively manages. It operates in three segments: the Netherlands, Belgium and Switzerland. Its investments are primarily focused on office and retail properties in the Netherlands and on offices and logistics real estate in Belgium. The Firm's portfolio comprises over 300 lettable properties. The Firm has around 40 subsidiaries, including NSI Bedrijfsgebouwen BV, NSI Beheer BV, NSI Development BV, VastNed Offices Benelux Holding BV, Munuvius BV and NSI Luxembourg Holding Sarl, among others.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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