Vastned : Vastned likely to be hit by government measures and rising property yields: downgrade to Underperform
>Dutch abolishes local REIT regime, impacting Vastned negatively - The Dutch government announced last week its intention to abolish the local REIT status, called FBI. This would effectively mean that Vastned would need to pay the full corporate tax rate (25.8%) on its Dutch profits as of 2024, impacting its profits with around 11%. Although this measure is not yet finalized and discussions could lead to an adjustment, we think it is wishful thinking that this would n...VastNed Retail is a property investment company with variable capital, which makes long-term investments in individual retail properties, shopping centers and retail warehouses, primarily in the eurozone. Co. invests in individual retail trade properties at locations in The Netherlands, Spain, France, Belgium and Turkey. VastNed Offices/Industries N.V., specializes in offices, logistics centers and industrial premises at locations in The Netherlands, Belgium and northern France.
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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