Report
Gerardo Ibanez ...
  • Steven Boumans

NSI NV : Still positive, but latest trends make us more cautious

>Positive stance for year-end reiterated, but recession may hit tenants - We reinforce our stance for the year-end, maintaining our EPRA EPS estimate at 2.09 per share. NSI expects to obtain strong lease indexation in H2, supported by it having signed new lease contracts that use the CPI figure of the Netherlands four months prior to signing. We expect the rent indexation impact to be higher in Q3 as we foresee inflation levels in the Netherlands declining to 9.5% in...
Underlying
NSI N.V.

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Gerardo Ibanez

Steven Boumans

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