TheScreener - Eurocommercial Properties NV (ECMPA) EUROCOMMERCIAL PROP reduced its risk exposure resulting in an upgrade to Slightly Positive

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EUROCOMMERCIAL PROP reduced its risk exposure resulting in an upgrade to Slightly Positive

EUROCOMMERCIAL PROP (NL), a company active in the Real Estate Holding & Development industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 4 out of 4 possible stars; its market behaviour has improved and can be considered as moderately risky. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date April 16, 2021, the closing price was EUR 20.74 and its potential was estimated at EUR 24.41.

17/04/2021 1 EN

Underlying

Eurocommercial Properties NV

Eurocommercial Properties NV is a closed end property investment company based in the Netherlands. The Company invests, owns and manages retail real estate properties, primarily shopping centers, but also warehouses and office space. Its activities are focused on France, Sweden and Northern Italy, with property portfolio comprising more than 30 shopping centers. Eurocommercial Properties NV operates through a number of subsidiaries, such as Aktiebolaget Laholm Mellby 2:129, Aktiebolaget Norrkoping Silvret 1, Aktiebolaget Skovde K-mannen 2, Bergvik Kopet 3 Kommanditbolag, Betulla Srl, ECP Hogsbo AB, ECP Karlskrona AB, ECP Moraberg Holding AB, Eurocommercial Management Italia Srl, Eurocommercial Properties Ltd, Holgura BV and SAR Degeln AB, among others.

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NL0000288876 Euronext Amsterdam Netherlands

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TheScreener

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Other Reports on these Companies

Degroof Petercam

Eurocommercial Prop. - Solid Q1

Q1 direct investment result landed at EUR 33.2m, up 1.5% YoY, on the back of higher rents, lower expenses and tax, offsetting an increase in net interest expenses. LfL rental growth stood at 3.6%. LTV increased slightly to 42.8%. Interestingly, the company communicated on the termination of discussions on the acquisition of Westland Shopping in Belgium (see our Morning dd. 3 May).Eurocommercial posts a decent update, with LfL rental growth remaining at high levels which contributes to the offsetting of higher interest expenses. ‘Buy' reiterated.

May 10, 2024 May 10, 2024 1 EN

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Eurocommercial Properties/Model update/BUY

We update our estimates (unchanged for 2024F and -3.9% in 2025F) and roll over our model by one year; we confirm our BUY rating and €29 TP. After the strong organic performance seen in FY23, we expect a normalisation of the trend and a gradual increase of financial charges. Balance sheet is solid and leaves €150-170m firepower for extension of existing assets or some new deals. We would welcome the announcement of a JV or an acquisition (at a proper price) or extensions project for existing assets considering ambitions for Woluve have been withdrawn.

April 16, 2024 April 16, 2024 1 EN

ING Financial Markets

Benelux Morning Notes

Eurocommercial Properties: Good operational trends, FY24 outlook in line. KPN: ACM unconditionally approves Youfone acquisition. SBM Offshore: Sapakara South-Krabdagu project

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With a more favourable environment, VUKILE PROPERTY improves to Positive

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April 6, 2022 April 6, 2022 1 EN

An unfavourable environment weighs on ROYAL BAFOKENG PLATINUM, which sees a downgrade to Slightly Negative

The independent financial analyst theScreener just requalified the general evaluation of ROYAL BAFOKENG PLATINUM (ZA), active in the Platinum & Precious Metals industry. As regards its fundamental valuation, the title still shows 0 out of 4 stars and its market behaviour is seen as moderately risky. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Slightly Negative. As of the analysis date April 5, 2022, the closing price was ZAR 159.78 and its target price was estimated at ZAR 127.50.

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April 6, 2022 April 6, 2022 1 EN

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EUROCOMMERCIAL PROP reduced its risk exposure resulting in an upgrade to Slightly Positive

Empowering Investors

Eurocommercial Prop. - Solid Q1

Eurocommercial Properties/Model update/BUY

Benelux Morning Notes

AC ENERGY CORP increases its risk exposure and slightly lowers to Neutral

With a more favourable environment, VUKILE PROPERTY improves to Positive

An unfavourable environment weighs on ROYAL BAFOKENG PLATINUM, which sees a downgrade to Slightly Negative

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