ArcelorMittal: Modest 4Q25 EBITDA beat and upbeat 2026F outlook / KBC Group: BNP Paribas good results in Belgium, increasing outlook, notably reducing C/I ratio / Recticel: Peer Rockwool's 4Q25 results SBM Offshore: Early purchase of ONE Guyana FPSO by Exxon Mobil / Shell: Keeping SBB at $3.5bn / Sligro: FY25 net profit in line with expectations, SBB announced / Universal Music Group: YouTube ads revenue +9% YoY in 4Q25 and Sony Music up by 13% YoY / Wereldhave: Wereldhave Belgium FY25 results a...
La stabilisation des taux d’intérêt et de l’inflation devrait créer un climat plus favorable à l’investissement et permettre aux sociétés immobilières de poursuivre la mise en œuvre de leur feuille de route tout en faisant preuve de prudence. Dans ce contexte, le commerce et la logistique nous semblent les mieux positionnés et nous privilégions CTP, Merlin Properties, Shurgard, URW, VGP comme les plus à même d’exécuter leur stratégie de croissance. Nous relevons notre opinion à Surperformance su...
With stabilising interest rates and inflation creating a more favourable climate for investment, the stocks in our coverage universe should be able to continue to implement their roadmaps, while remaining cautious. On this basis, we think retail and logistics are the best positioned, and see CTP, Merlin Properties, Shurgard, URW and VGP as the best placed to execute their growth strategies. We are upgrading WDP, Safestore and Instone, to Outperform, downgrading Big Yellow, Colonial-SFL, INEA, L...
European real estate rebounded in 2025, signalling positive momentum after two difficult years. In 2026, we expect investors to adapt to a new, normalised environment with recalibrated profitability that should drive transaction activity. This comes alongside a normalisation of rents (on the back of lower inflation) – a slowdown that will be notable but largely expected. We see a company's ability (and willingness) to pursue EPS-accretive investments and being active in capital recycling opportu...
2025 was a very active year for Wereldhave in terms of portfolio rotation combined with strong operational results driven by top line growth (JV, Luxembourg acquisitions and rental income initiatives) supported by cost control. Following its 3Q25 results, the company announced the €120m acquisition of Ville2 in Charleroi by Wereldhave Belgium, partly financed via a capital increase. This was followed by the Sterrenburg disposals (Dordrecht) for €60m (in line with book value) in the last week of ...
KLÉPIERRE: INFORMATION REGARDING THE TOTAL VOTING RIGHTS AND SHARES OF KLÉPIERRE SA AS OF DECEMBER 31, 2025 REGULATED RELEASE INFORMATION REGARDING THE TOTAL VOTING RIGHTS AND SHARES OF KLÉPIERRE SA AS OF DECEMBER 31, 2025(1) Paris – January 9, 2026 NUMBER OF SHARES AS OF DECEMBER 31, 2025 Date12/31/2025Company nameKlépierreTrading placeEuronext Paris (Compartment A)MnemonicLISymbolsEPA:LI / LI:FP / LOIM.PA ISINFR0000121964Total number of shares286,861,172Total number of voting rights Number of theoretical voting rights(2)286,861,172Number of exercisable voting rights(3) 286,360,353AGEND...
KLÉPIERRE: INFORMATION RELATIVE AU NOMBRE TOTAL DE DROITS DE VOTE ET D'ACTIONS COMPOSANT LE CAPITAL DE KLÉPIERRE SA AU 31 DÉCEMBRE 2025 COMMUNIQUÉ RÉGLEMENTÉ INFORMATION RELATIVE AU NOMBRE TOTAL DE DROITS DE VOTE ET D'ACTIONS COMPOSANT LE CAPITAL DE KLÉPIERRE SA AU 31 DÉCEMBRE 2025(1) Paris, le 9 janvier 2026 NOMBRE D’ACTIONS AU 31 DÉCEMBRE 2025 Date31/12/2025Nom de la sociétéKlépierreMarché de cotationEuronext Paris (Compartiment A)Code mnémoniqueLISymbolesEPA:LI / LI:FP / LOIM.PAISINFR0000121964Nombre total d’actions286 861 172Nombre total de droits de vote Nombre de droits de vote thé...
KLÉPIERRE: SEMI-ANNUAL STATEMENT OF LIQUIDITY AGREEMENT REGULATED RELEASE SEMI-ANNUAL STATEMENTOF LIQUIDITY AGREEMENT Paris – January 6, 2026 In accordance with the provisions of the French Financial Markets Authority’s decision no. 2021-01 of June 22, 2021, establishing liquidity contracts as an accepted market practice, Klépierre informs the public of the implementation of the liquidity contract for the second half of 2025: Available resources on December 31, 2025: 54,727 Klépierre shares and 11,047,453.80 euros;Number of transactions on buy side over second half of 2025: 3,086;Number...
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