Nextensa/SA（NEXTA）株式概要ネクステンサは複合不動産投資・開発業者である。 詳細NEXTA ファンダメンタル分析スノーフレーク・スコア評価0/6将来の成長2/6過去の実績2/6財務の健全性3/6配当金0/6報酬収益は年間5.05%増加すると予測されています 今年は黒字化を達成 リスク分析負債は営業キャッシュフローで十分にカバーされていない すべてのリスクチェックを見るNEXTA Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value€Current Price€46.6021.1% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-11m210m2016201920222025202620282031Revenue €209.8mEarnings €58.9mAdvancedSet Fair ValueView all narrativesNextensa NV/SA 競合他社Warehouses Estates Belgium S.C.ASymbol: ENXTBR:WEBMarket cap: €140.8mVastnedSymbol: ENXTBR:VASTBMarket cap: €478.6mCare Property InvestSymbol: ENXTBR:CPINVMarket cap: €558.8mHome Invest BelgiumSymbol: ENXTBR:HOMIMarket cap: €374.0m価格と性能株価の高値、安値、推移の概要Nextensa/SA過去の株価現在の株価€46.6052週高値€48.9052週安値€40.00ベータ0.641ヶ月の変化0.28%3ヶ月変化1.74%1年変化15.91%3年間の変化3.89%5年間の変化-37.54%IPOからの変化-14.50%最新ニュースお知らせ • 10h+ 1 more updateNextensa NV/SA to Report Q3, 2026 Results on Nov 18, 2026Nextensa NV/SA announced that they will report Q3, 2026 results on Nov 18, 2026お知らせ • 17hNextensa NV/SA Approves Gross Dividend, Payable on May 21, 2026Nextensa NV/SA at its annual general meeting held on 18 May 2026, approved to distribute a gross dividend of EUR 1.00 per share. After deduction of the withholding tax, the net dividend amounts to EUR 0.70 per share. The shares will be traded ex-coupon as from May 19, 2026. The record date is set for May 20, 2026. The dividend will be payable on May 21, 2026.Major Estimate Revision • Mar 15Consensus revenue estimates fall by 18%The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from €88.5m to €72.8m. EPS estimate fell from €5.51 to €3.30 per share. Net income forecast to grow 1.0% next year vs 1.9% decline forecast for REITs industry in Belgium. Consensus price target of €49.50 unchanged from last update. Share price was steady at €45.60 over the past week.New Risk • Feb 15New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 0% The company is paying a dividend despite having no free cash flows. Dividend yield: 2.2% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Payout ratio: 0% Paying a dividend despite having no free cash flows.Reported Earnings • Feb 13Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: EPS: €3.27 (up from €1.07 loss in FY 2024). Revenue: €135.1m (up 8.0% from FY 2024). Net income: €33.2m (up €44.1m from FY 2024). Profit margin: 25% (up from net loss in FY 2024). The move to profitability was primarily driven by lower expenses. Revenue exceeded analyst estimates by 46%. Earnings per share (EPS) missed analyst estimates by 33%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the REITs industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance.お知らせ • Feb 12Nextensa Nv/Sa Proposes to Distribute A Dividend PaymentNextensa NV/SA proposed to the ordinary general meeting of shareholders to distribute a dividend of €1.00 per share.最新情報をもっと見るRecent updatesお知らせ • 10h+ 1 more updateNextensa NV/SA to Report Q3, 2026 Results on Nov 18, 2026Nextensa NV/SA announced that they will report Q3, 2026 results on Nov 18, 2026お知らせ • 17hNextensa NV/SA Approves Gross Dividend, Payable on May 21, 2026Nextensa NV/SA at its annual general meeting held on 18 May 2026, approved to distribute a gross dividend of EUR 1.00 per share. After deduction of the withholding tax, the net dividend amounts to EUR 0.70 per share. The shares will be traded ex-coupon as from May 19, 2026. The record date is set for May 20, 2026. The dividend will be payable on May 21, 2026.Major Estimate Revision • Mar 15Consensus revenue estimates fall by 18%The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from €88.5m to €72.8m. EPS estimate fell from €5.51 to €3.30 per share. Net income forecast to grow 1.0% next year vs 1.9% decline forecast for REITs industry in Belgium. Consensus price target of €49.50 unchanged from last update. Share price was steady at €45.60 over the past week.New Risk • Feb 15New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 0% The company is paying a dividend despite having no free cash flows. Dividend yield: 2.2% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Payout ratio: 0% Paying a dividend despite having no free cash flows.Reported Earnings • Feb 13Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: EPS: €3.27 (up from €1.07 loss in FY 2024). Revenue: €135.1m (up 8.0% from FY 2024). Net income: €33.2m (up €44.1m from FY 2024). Profit margin: 25% (up from net loss in FY 2024). The move to profitability was primarily driven by lower expenses. Revenue exceeded analyst estimates by 46%. Earnings per share (EPS) missed analyst estimates by 33%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the REITs industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance.お知らせ • Feb 12Nextensa Nv/Sa Proposes to Distribute A Dividend PaymentNextensa NV/SA proposed to the ordinary general meeting of shareholders to distribute a dividend of €1.00 per share.お知らせ • Aug 29An undisclosed buyer acquired 8.99% stake in Retail Estates N.V. (ENXTBR:RET) from Nextensa NV/SA (ENXTBR:NEXTA) for €88 million.An undisclosed buyer acquired 8.99% stake in Retail Estates N.V. (ENXTBR:RET) from Nextensa NV/SA (ENXTBR:NEXTA) for €88 million on August 28, 2025. A cash consideration valued at €66.3 per share will be paid by the buyer. As part of consideration, an undisclosed value is paid towards common equity of Retail Estates N.V. An undisclosed buyer completed the acquisition of 8.99% stake in Retail Estates N.V. (ENXTBR:RET) from Nextensa NV/SA (ENXTBR:NEXTA) on August 28, 2025.Reported Earnings • Aug 18First half 2025 earnings released: EPS: €1.96 (vs €1.39 in 1H 2024)First half 2025 results: EPS: €1.96 (up from €1.39 in 1H 2024). Revenue: €50.7m (down 22% from 1H 2024). Net income: €19.9m (up 42% from 1H 2024). Profit margin: 39% (up from 22% in 1H 2024). Revenue is expected to decline by 7.1% p.a. on average during the next 3 years, while revenues in the REITs industry in Europe are expected to grow by 4.9%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance.お知らせ • Apr 04Nextensa NV/SA (ENXTBR:NEXTA) signed an agreement to acquire Two office Towers of Proximus PLC from Proximus PLC (ENXTBR:PROX) for €62.5 million.Nextensa NV/SA (ENXTBR:NEXTA) signed an agreement to acquire Two office Towers of Proximus PLC from Proximus PLC (ENXTBR:PROX) for €62.5 million on April 2, 2025. A cash consideration of €62.5 million will be paid by Nextensa NV/SA. As part of consideration, €62.5 million is paid towards assets of Two office Towers of Proximus PLC.New Risk • Mar 02New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.9x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 144% Dividend per share is over 6x cash flows per share. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (5.4% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (17% net profit margin).お知らせ • Feb 14+ 1 more updateWereldhave N.V. (ENXTAM:WHA) acquired Knauf Shopping Center in Schmiede from Nextensa NV/SA (ENXTBR:NEXTA) for €63.4 million.Wereldhave N.V. (ENXTAM:WHA) reached an agreement to acquire Knauf Shopping Center in Schmiede from Nextensa NV/SA (ENXTBR:NEXTA) for €63.4 million on February 13, 2025. The consideration consists of issue of 2,206,838 new ordinary Wereldhave shares and €28 million in cash. In a separate transaction, Wereldhave Belgium (ENXTBR:WEHB) reached an agreement to acquire Knauf Shopping Center in Pommerloch from Nextensa NV/SA (ENXTBR:NEXTA). The total purchase price for the two centers amounts to €167 million. The cash consideration of €28 million will be financed from existing credit facilities. Wereldhave N.V. (ENXTAM:WHA) completed the acquisition of Knauf Shopping Center in Schmiede from Nextensa NV/SA (ENXTBR:NEXTA) on February 13, 2025.New Risk • Dec 27New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Belgian stocks, typically moving 5.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.9x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 144% Dividend per share is over 6x cash flows per share. Minor Risks Share price has been volatile over the past 3 months (5.0% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (17% net profit margin).Valuation Update With 7 Day Price Move • Dec 24Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €41.90, the stock trades at a trailing P/E ratio of 19.7x. Average forward P/E is 9x in the REITs industry in Europe. Total loss to shareholders of 40% over the past three years.Reported Earnings • Aug 19First half 2024 earnings released: EPS: €1.39 (vs €1.71 in 1H 2023)First half 2024 results: EPS: €1.39 (down from €1.71 in 1H 2023). Revenue: €65.1m (up 7.4% from 1H 2023). Net income: €14.1m (down 18% from 1H 2023). Profit margin: 22% (down from 28% in 1H 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.Buy Or Sell Opportunity • Aug 02Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 13% to €41.25. The fair value is estimated to be €51.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Earnings per share has declined by 11%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 29% per annum over the same time period.お知らせ • May 22+ 1 more updateNextensa NV/SA to Report Fiscal Year 2024 Final Results on Mar 28, 2025Nextensa NV/SA announced that they will report fiscal year 2024 final results on Mar 28, 2025Upcoming Dividend • May 16Upcoming dividend of €1.05 per shareEligible shareholders must have bought the stock before 23 May 2024. Payment date: 27 May 2024. Trailing yield: 3.1%. Lower than top quartile of Belgian dividend payers (6.8%). Lower than average of industry peers (6.0%).Declared Dividend • Feb 26Dividend of €1.05 announcedShareholders will receive a dividend of €1.05. Ex-date: 23rd May 2024 Payment date: 27th May 2024 Dividend yield will be 2.4%, which is lower than the industry average of 5.4%.お知らせ • Feb 22+ 1 more updateNextensa NV/SA to Report Q3, 2024 Results on Nov 14, 2024Nextensa NV/SA announced that they will report Q3, 2024 results on Nov 14, 2024Reported Earnings • Feb 22Full year 2023 earnings releasedFull year 2023 results: Revenue: €111.2m (down 33% from FY 2022). Net income: €24.5m (down 66% from FY 2022). Profit margin: 22% (down from 43% in FY 2022). Revenue is forecast to grow 27% p.a. on average during the next 2 years, while revenues in the REITs industry in Europe are expected to remain flat.お知らせ • Oct 27Luxembourg acquired Darwin II office building from Promobe SA and Nextensa NV/SA (ENXTBR:NEXTA).Luxembourg acquired Darwin II office building from Promobe SA and Nextensa NV/SA (ENXTBR:NEXTA) on October 25, 2023.Luxembourg completed the acquisition of Darwin II office building from Promobe SA and Nextensa NV/SA (ENXTBR:NEXTA) on October 25, 2023.お知らせ • Aug 23Nextensa NV/SA (ENXTBR:NEXTA) acquired Montoyer 24 from Fedustria.Nextensa NV/SA (ENXTBR:NEXTA) acquired Montoyer 24 from Fedustria on August 22, 2023.Nextensa NV/SA (ENXTBR:NEXTA) complete the acquisition of Montoyer 24 from Fedustria on August 22, 2023.Reported Earnings • Aug 20First half 2023 earnings released: EPS: €1.71 (vs €3.08 in 1H 2022)First half 2023 results: EPS: €1.71 (down from €3.08 in 1H 2022). Revenue: €60.6m (down 8.2% from 1H 2022). Net income: €17.1m (down 44% from 1H 2022). Profit margin: 28% (down from 47% in 1H 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, while revenues in the REITs industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.New Risk • Aug 18New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 109% Cash payout ratio: 122% Dividend yield: 5.9% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (3.5% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 109% Cash payout ratio: 122%お知らせ • Aug 18+ 1 more updateNextensa NV/SA, Annual General Meeting, May 21, 2024Nextensa NV/SA, Annual General Meeting, May 21, 2024.Board Change • May 18Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director of Leasinvest Real Estate Management SA Sigrid Hermans was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • May 16Nextensa NV/SA to Report Fiscal Year 2023 Results on Mar 29, 2024Nextensa NV/SA announced that they will report fiscal year 2023 results on Mar 29, 2024Upcoming Dividend • May 11Upcoming dividend of €1.82 per share at 5.5% yieldEligible shareholders must have bought the stock before 18 May 2023. Payment date: 22 May 2023. Trailing yield: 5.5%. Lower than top quartile of Belgian dividend payers (6.8%). In line with average of industry peers (5.2%).Buying Opportunity • Mar 08Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 4.5%. The fair value is estimated to be €55.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only.Reported Earnings • Feb 17Full year 2022 earnings releasedFull year 2022 results: Revenue: €148.5m (up 60% from FY 2021). Net income: €71.3m (up 34% from FY 2021). Profit margin: 48% (down from 57% in FY 2021). The decrease in margin was driven by higher expenses.お知らせ • Feb 16+ 6 more updatesNextensa to Report Fiscal Year 2023 Results on Feb 14, 2024Nextensa announced that they will report fiscal year 2023 results on Feb 14, 2024お知らせ • Dec 30Codic International SA completed the acquisition of GK5 Sàrl from Codic International SA.Codic International SA agreed to acquire GK5 Sàrl from Codic International SA for €110 million on November 15, 2021. Codic International SA completed the acquisition of GK5 Sàrl from Codic International SA on December 29, 2022.Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. Independent Director of Leasinvest Real Estate Management SA Marcia De Wachter was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.お知らせ • Oct 30REInvest Asset Management S.A. acquired Bronze Gate office property from Nextensa (ENXTBR:NEXTA) and Promobe SA for €65 million.REInvest Asset Management S.A. acquired Bronze Gate office property from Nextensa (ENXTBR:NEXTA) and Promobe SA for €65 million on October 28, 2022. The property was acquired for the DEREIF SICAV-FIS fund which invests in European real estate. The main investor in the Luxembourg-based real estate special fund is a major German insurance company. Bronze Gate is set to receive a BREEAM “Excellent” sustainability certification. The law firms Linklaters LLP and Clifford Chance provided buy-side and sell-side advice respectively during the transaction. Drees & Sommer advised REInvest on the technical issues associated with the purchase and were responsible for monitoring the construction phase. REInvest Asset Management S.A. completed the acquisition of Bronze Gate office property from Nextensa (ENXTBR:NEXTA) and Promobe SA on October 28, 2022.Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improved over the past weekAfter last week's 17% share price gain to €54.10, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 6x in the REITs industry in Belgium. Total loss to shareholders of 49% over the past three years.Reported Earnings • Aug 19First half 2022 earnings released: EPS: €3.08 (vs €4.72 in 1H 2021)First half 2022 results: EPS: €3.08. Revenue: €57.4m (up 94% from 1H 2021). Net income: €30.8m (up 10.0% from 1H 2021). Profit margin: 54% (down from 95% in 1H 2021).Valuation Update With 7 Day Price Move • Jul 07Investor sentiment improved over the past weekAfter last week's 21% share price gain to €63.10, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 9x in the REITs industry in Belgium. Total loss to shareholders of 30% over the past three years.Board Change • Jun 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. Independent Director of Leasinvest Real Estate Management SA Marcia De Wachter was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Upcoming Dividend • May 12Upcoming dividend of €1.75 per shareEligible shareholders must have bought the stock before 19 May 2022. Payment date: 24 May 2022. Trailing yield: 3.8%. Lower than top quartile of Belgian dividend payers (5.9%). In line with average of industry peers (3.8%).お知らせ • Apr 14Leasinvest Real Estate SCA, Annual General Meeting, May 16, 2022Leasinvest Real Estate SCA, Annual General Meeting, May 16, 2022, at 16:00 Central European Standard Time. Location: Maison de la Poste, Picardstraat 5 box 7, 1000 Brussels Brussels Belgium Agenda: To acknowledge the annual report of the Board of Directors regarding the statutory and consolidated financial statements per December 31, 2021; to acknowledge the reports of the statutory auditor regarding the statutory and consolidated annual accounts per December 31, 2021; to acknowledge the consolidated annual accounts closed on December 31, 2021; to approve the statutory annual accounts closed on December 31, 2021 and allocation of the results; to consider the remuneration report; to consider reappointment of directors; and to consider other matters.Reported Earnings • Apr 06Full year 2021 earnings released: EPS: €6.85 (vs €1.30 in FY 2020)Full year 2021 results: EPS: €6.85 (up from €1.30 in FY 2020). Revenue: €93.0m (up 79% from FY 2020). Net income: €53.2m (up €45.6m from FY 2020). Profit margin: 57% (up from 15% in FY 2020). Net asset value (NAV) per share: €79.03 (down 3.9% from FY 2020). The current share price is 13% lower than NAV per share. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings.Reported Earnings • Feb 22Full year 2021 earnings: Revenues in line with analyst expectationsFull year 2021 results: Revenue: €55.9m (down 6.5% from FY 2020). Net income: €53.2m (up €45.6m from FY 2020). Profit margin: 95% (up from 13% in FY 2020). Revenue was in line with analyst estimates.お知らせ • Feb 18Benelux Commercial Real Estate Fund, fund managed by Edmond de Rothschild Real Estate Investment Management acquired MONNET Building in Luxembourg from Leasinvest Real Estate SCA (ENXTBR:NEXTA).Benelux Commercial Real Estate Fund, fund managed by Edmond de Rothschild Real Estate Investment Management acquired MONNET Building in Luxembourg from Leasinvest Real Estate SCA (ENXTBR:NEXTA) on February 17, 2022. In a related transaction, DES / De Weer acquired CRESCENT from Leasinvest Real Estate. Both properties were sold together for €72 million. Edmond de Rothschild REIM was advised by Cushman & Wakefield, Loyens & Loeff as legal advisor and SGS Search. PWC Legal acted as legal advisor for Leasinvest. Benelux Commercial Real Estate Fund, fund managed by Edmond de Rothschild Real Estate Investment Management completed the acquisition of MONNET Building in Luxembourg from Leasinvest Real Estate SCA (ENXTBR:NEXTA) on February 17, 2022.お知らせ • Dec 17Leasinvest Real Estate SCA (ENXTBR:NEXTA) commences an Equity Buyback Plan under the authorization approved on July 18, 2021.Leasinvest Real Estate SCA (ENXTBR:NEXTA) commences share repurchases on December 9, 2021, under the program mandated by the Extraordinary General Meeting held on July 19, 2021. As per the mandate, the company is authorized to repurchase up to 10% of its issued share capital, such that the company’s holding in treasury together with the shares repurchased does not exceed 10% of its issued share capital at any point of time. The shares will be repurchased at a maximum price per share equal to the highest of the last 20 closing prices preceding the day of acquisition of own shares, plus 10%. This authorization is granted for a period of 5 years from the authorization date. As of July 19, 2021, the company had 10,002,102 shares excluding treasury shares. On December 8, 2021, the company announced a share repurchase program. Under the program, the company will repurchase 65,000 shares for a total amount of no more than €4.8 million. The goal of the share repurchase is to enable to meet its obligations resulting from the purchase plans for the benefit of its executive management. The repurchases will commence from December 9, 2021 and end on January 31, 2022.Reported Earnings • Aug 23First half 2021 earnings released: EPS €4.72 (vs €5.18 loss in 1H 2020)The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €29.6m (up 5.2% from 1H 2020). Net income: €28.0m (up €58.7m from 1H 2020). Profit margin: 95% (up from net loss in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.Upcoming Dividend • May 13Upcoming dividend of €3.68 per shareEligible shareholders must have bought the stock before 20 May 2021. Payment date: 25 May 2021. Trailing yield: 6.8%. Within top quartile of Belgian dividend payers (4.4%). Higher than average of industry peers (4.0%).Reported Earnings • Apr 06Full year 2020 earnings released: EPS €1.30 (vs €8.42 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €59.8m (down 5.3% from FY 2019). Net income: €7.68m (down 85% from FY 2019). Profit margin: 13% (down from 79% in FY 2019). Net asset value (NAV) per share: €82.20 (down 1.1% from FY 2019). The current share price is 9.2% lower than NAV per share. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.分析記事 • Mar 09Should You Be Concerned About Leasinvest Real Estate SCA's (EBR:LEAS) ROE?Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...Is New 90 Day High Low • Mar 03New 90-day low: €72.20The company is down 7.0% from its price of €78.00 on 03 December 2020. The Belgian market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is up 1.0% over the same period.Reported Earnings • Feb 14Full year 2020 earnings released: EPS €1.30 (vs €8.42 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €59.8m (down 5.3% from FY 2019). Net income: €7.68m (down 85% from FY 2019). Profit margin: 13% (down from 79% in FY 2019). Net asset value (NAV) per share: €82.20 (down 1.1% from FY 2019). The current share price is 10% lower than NAV per share. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.Analyst Estimate Surprise Post Earnings • Feb 14Revenue and earnings miss expectationsRevenue missed analyst estimates by 0.8%. Earnings per share (EPS) also missed analyst estimates by 71%. Over the next year, revenue is forecast to grow 14%, compared to a 2.2% growth forecast for the REITs industry in Belgium.分析記事 • Feb 01How Much Of Leasinvest Real Estate SCA (EBR:LEAS) Do Institutions Own?The big shareholder groups in Leasinvest Real Estate SCA ( EBR:LEAS ) have power over the company. Institutions will...お知らせ • Dec 17An unknown buyer acquired an office building of 1,750 m², located Route d'Esch 25 in Luxembourg City from Leasinvest Real Estate SCA (ENXTBR:LEAS) for €13 million.An unknown buyer acquired an office building of 1,750 m², located Route d'Esch 25 in Luxembourg City from Leasinvest Real Estate SCA (ENXTBR:LEAS) for €13 million on December 15, 2020. An unknown buyer completed the acquisition of an office building of 1,750 m², located Route d'Esch 25 in Luxembourg City from Leasinvest Real Estate SCA (ENXTBR:LEAS) on December 15, 2020.分析記事 • Dec 08How Is Leasinvest Real Estate's (EBR:LEAS) CEO Compensated?Michel Van Geyte became the CEO of Leasinvest Real Estate SCA ( EBR:LEAS ) in 2018, and we think it's a good time to...お知らせ • Nov 19+ 2 more updatesLeasinvest Real Estate SCA to Report First Half, 2021 Results on Aug 19, 2021Leasinvest Real Estate SCA announced that they will report first half, 2021 results on Aug 19, 2021Is New 90 Day High Low • Nov 07New 90-day low: €66.20The company is down 18% from its price of €81.00 on 07 August 2020. The Belgian market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €134 per share.Is New 90 Day High Low • Oct 12New 90-day low: €78.80The company is down 9.0% from its price of €86.60 on 14 July 2020. The Belgian market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €143 per share.お知らせ • Aug 22Leasinvest Real Estate SCA to Report Q1, 2021 Results on May 17, 2021Leasinvest Real Estate SCA announced that they will report Q1, 2021 results on May 17, 2021お知らせ • Jun 28Leasinvest Real Estate SCA to Report Q3, 2020 Results on Nov 17, 2020Leasinvest Real Estate SCA announced that they will report Q3, 2020 results on Nov 17, 2020株主還元NEXTABE REITsBE 市場7D-0.08%1.4%0.8%1Y15.9%5.6%19.6%株主還元を見る業界別リターン: NEXTA過去 1 年間で5.6 % の収益を上げたBelgian REITs業界を上回りました。リターン対市場: NEXTAは、過去 1 年間で19.6 % のリターンを上げたBelgian市場を下回りました。価格変動Is NEXTA's price volatile compared to industry and market?NEXTA volatilityNEXTA Average Weekly Movement3.6%REITs Industry Average Movement3.1%Market Average Movement4.4%10% most volatile stocks in BE Market6.8%10% least volatile stocks in BE Market2.7%安定した株価: NEXTA 、 Belgian市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: NEXTAの 週次ボラティリティ ( 4% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト199953Michel Van Geytenextensa.eu/en/ネクステンサは複合不動産投資・開発会社である。同社の投資ポートフォリオはルクセンブルク大公国（43％）、ベルギー（42％）、オーストリア（15％）に分かれており、2023年12月31日現在の総額は約13億ユーロである。デベロッパーとして、ネクステンサは主に大規模な都市開発を積極的に行っている。ブリュッセルのTour & Taxis（35万㎡超の開発）では、ネクステンサは象徴的な建物の再評価と新規建設からなる混合不動産ポートフォリオを構築している。ルクセンブルク（クロッシュ・ドール）では、オフィス、店舗、住宅からなる40万平方メートルを超える大規模な都市拡張に共同で取り組んでいる。同社はユーロネクスト・ブリュッセルに上場しており、時価総額は4億8,860万ユーロ（2023年12月31日現在）。もっと見るNextensa NV/SA 基礎のまとめNextensa/SA の収益と売上を時価総額と比較するとどうか。NEXTA 基礎統計学時価総額€470.90m収益（TTM）€33.24m売上高(TTM)€118.40m14.2xPER（株価収益率4.0xP/SレシオNEXTA は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計NEXTA 損益計算書（TTM）収益€118.40m売上原価€56.78m売上総利益€61.62mその他の費用€28.38m収益€33.24m直近の収益報告Dec 31, 2025次回決算日Aug 12, 2026一株当たり利益（EPS）3.29グロス・マージン52.04%純利益率28.08%有利子負債／自己資本比率70.2%NEXTA の長期的なパフォーマンスは？過去の実績と比較を見る配当金2.1%現在の配当利回り0%配当性向NEXTA 配当は確実ですか？NEXTA 配当履歴とベンチマークを見るNEXTA 、いつまでに購入すれば配当金を受け取れますか？Nextensa/SA 配当日配当落ち日May 19 2026配当支払日May 21 2026配当落ちまでの日数2 days配当支払日までの日数0 daysNEXTA 配当は確実ですか？NEXTA 配当履歴とベンチマークを見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/20 11:13終値2026/05/20 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Nextensa NV/SA 2 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。4 アナリスト機関Joël GorseléDegroof PetercamMarc ZwartsenburgING Groep NVLynn HautekeeteKBC Securities NV1 その他のアナリストを表示
お知らせ • 10h+ 1 more updateNextensa NV/SA to Report Q3, 2026 Results on Nov 18, 2026Nextensa NV/SA announced that they will report Q3, 2026 results on Nov 18, 2026
お知らせ • 17hNextensa NV/SA Approves Gross Dividend, Payable on May 21, 2026Nextensa NV/SA at its annual general meeting held on 18 May 2026, approved to distribute a gross dividend of EUR 1.00 per share. After deduction of the withholding tax, the net dividend amounts to EUR 0.70 per share. The shares will be traded ex-coupon as from May 19, 2026. The record date is set for May 20, 2026. The dividend will be payable on May 21, 2026.
Major Estimate Revision • Mar 15Consensus revenue estimates fall by 18%The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from €88.5m to €72.8m. EPS estimate fell from €5.51 to €3.30 per share. Net income forecast to grow 1.0% next year vs 1.9% decline forecast for REITs industry in Belgium. Consensus price target of €49.50 unchanged from last update. Share price was steady at €45.60 over the past week.
New Risk • Feb 15New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 0% The company is paying a dividend despite having no free cash flows. Dividend yield: 2.2% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Payout ratio: 0% Paying a dividend despite having no free cash flows.
Reported Earnings • Feb 13Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: EPS: €3.27 (up from €1.07 loss in FY 2024). Revenue: €135.1m (up 8.0% from FY 2024). Net income: €33.2m (up €44.1m from FY 2024). Profit margin: 25% (up from net loss in FY 2024). The move to profitability was primarily driven by lower expenses. Revenue exceeded analyst estimates by 46%. Earnings per share (EPS) missed analyst estimates by 33%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the REITs industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance.
お知らせ • Feb 12Nextensa Nv/Sa Proposes to Distribute A Dividend PaymentNextensa NV/SA proposed to the ordinary general meeting of shareholders to distribute a dividend of €1.00 per share.
お知らせ • 10h+ 1 more updateNextensa NV/SA to Report Q3, 2026 Results on Nov 18, 2026Nextensa NV/SA announced that they will report Q3, 2026 results on Nov 18, 2026
お知らせ • 17hNextensa NV/SA Approves Gross Dividend, Payable on May 21, 2026Nextensa NV/SA at its annual general meeting held on 18 May 2026, approved to distribute a gross dividend of EUR 1.00 per share. After deduction of the withholding tax, the net dividend amounts to EUR 0.70 per share. The shares will be traded ex-coupon as from May 19, 2026. The record date is set for May 20, 2026. The dividend will be payable on May 21, 2026.
Major Estimate Revision • Mar 15Consensus revenue estimates fall by 18%The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from €88.5m to €72.8m. EPS estimate fell from €5.51 to €3.30 per share. Net income forecast to grow 1.0% next year vs 1.9% decline forecast for REITs industry in Belgium. Consensus price target of €49.50 unchanged from last update. Share price was steady at €45.60 over the past week.
New Risk • Feb 15New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 0% The company is paying a dividend despite having no free cash flows. Dividend yield: 2.2% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Payout ratio: 0% Paying a dividend despite having no free cash flows.
Reported Earnings • Feb 13Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: EPS: €3.27 (up from €1.07 loss in FY 2024). Revenue: €135.1m (up 8.0% from FY 2024). Net income: €33.2m (up €44.1m from FY 2024). Profit margin: 25% (up from net loss in FY 2024). The move to profitability was primarily driven by lower expenses. Revenue exceeded analyst estimates by 46%. Earnings per share (EPS) missed analyst estimates by 33%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the REITs industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance.
お知らせ • Feb 12Nextensa Nv/Sa Proposes to Distribute A Dividend PaymentNextensa NV/SA proposed to the ordinary general meeting of shareholders to distribute a dividend of €1.00 per share.
お知らせ • Aug 29An undisclosed buyer acquired 8.99% stake in Retail Estates N.V. (ENXTBR:RET) from Nextensa NV/SA (ENXTBR:NEXTA) for €88 million.An undisclosed buyer acquired 8.99% stake in Retail Estates N.V. (ENXTBR:RET) from Nextensa NV/SA (ENXTBR:NEXTA) for €88 million on August 28, 2025. A cash consideration valued at €66.3 per share will be paid by the buyer. As part of consideration, an undisclosed value is paid towards common equity of Retail Estates N.V. An undisclosed buyer completed the acquisition of 8.99% stake in Retail Estates N.V. (ENXTBR:RET) from Nextensa NV/SA (ENXTBR:NEXTA) on August 28, 2025.
Reported Earnings • Aug 18First half 2025 earnings released: EPS: €1.96 (vs €1.39 in 1H 2024)First half 2025 results: EPS: €1.96 (up from €1.39 in 1H 2024). Revenue: €50.7m (down 22% from 1H 2024). Net income: €19.9m (up 42% from 1H 2024). Profit margin: 39% (up from 22% in 1H 2024). Revenue is expected to decline by 7.1% p.a. on average during the next 3 years, while revenues in the REITs industry in Europe are expected to grow by 4.9%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance.
お知らせ • Apr 04Nextensa NV/SA (ENXTBR:NEXTA) signed an agreement to acquire Two office Towers of Proximus PLC from Proximus PLC (ENXTBR:PROX) for €62.5 million.Nextensa NV/SA (ENXTBR:NEXTA) signed an agreement to acquire Two office Towers of Proximus PLC from Proximus PLC (ENXTBR:PROX) for €62.5 million on April 2, 2025. A cash consideration of €62.5 million will be paid by Nextensa NV/SA. As part of consideration, €62.5 million is paid towards assets of Two office Towers of Proximus PLC.
New Risk • Mar 02New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.9x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 144% Dividend per share is over 6x cash flows per share. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (5.4% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (17% net profit margin).
お知らせ • Feb 14+ 1 more updateWereldhave N.V. (ENXTAM:WHA) acquired Knauf Shopping Center in Schmiede from Nextensa NV/SA (ENXTBR:NEXTA) for €63.4 million.Wereldhave N.V. (ENXTAM:WHA) reached an agreement to acquire Knauf Shopping Center in Schmiede from Nextensa NV/SA (ENXTBR:NEXTA) for €63.4 million on February 13, 2025. The consideration consists of issue of 2,206,838 new ordinary Wereldhave shares and €28 million in cash. In a separate transaction, Wereldhave Belgium (ENXTBR:WEHB) reached an agreement to acquire Knauf Shopping Center in Pommerloch from Nextensa NV/SA (ENXTBR:NEXTA). The total purchase price for the two centers amounts to €167 million. The cash consideration of €28 million will be financed from existing credit facilities. Wereldhave N.V. (ENXTAM:WHA) completed the acquisition of Knauf Shopping Center in Schmiede from Nextensa NV/SA (ENXTBR:NEXTA) on February 13, 2025.
New Risk • Dec 27New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Belgian stocks, typically moving 5.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.9x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 144% Dividend per share is over 6x cash flows per share. Minor Risks Share price has been volatile over the past 3 months (5.0% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (17% net profit margin).
Valuation Update With 7 Day Price Move • Dec 24Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €41.90, the stock trades at a trailing P/E ratio of 19.7x. Average forward P/E is 9x in the REITs industry in Europe. Total loss to shareholders of 40% over the past three years.
Reported Earnings • Aug 19First half 2024 earnings released: EPS: €1.39 (vs €1.71 in 1H 2023)First half 2024 results: EPS: €1.39 (down from €1.71 in 1H 2023). Revenue: €65.1m (up 7.4% from 1H 2023). Net income: €14.1m (down 18% from 1H 2023). Profit margin: 22% (down from 28% in 1H 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.
Buy Or Sell Opportunity • Aug 02Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 13% to €41.25. The fair value is estimated to be €51.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Earnings per share has declined by 11%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 29% per annum over the same time period.
お知らせ • May 22+ 1 more updateNextensa NV/SA to Report Fiscal Year 2024 Final Results on Mar 28, 2025Nextensa NV/SA announced that they will report fiscal year 2024 final results on Mar 28, 2025
Upcoming Dividend • May 16Upcoming dividend of €1.05 per shareEligible shareholders must have bought the stock before 23 May 2024. Payment date: 27 May 2024. Trailing yield: 3.1%. Lower than top quartile of Belgian dividend payers (6.8%). Lower than average of industry peers (6.0%).
Declared Dividend • Feb 26Dividend of €1.05 announcedShareholders will receive a dividend of €1.05. Ex-date: 23rd May 2024 Payment date: 27th May 2024 Dividend yield will be 2.4%, which is lower than the industry average of 5.4%.
お知らせ • Feb 22+ 1 more updateNextensa NV/SA to Report Q3, 2024 Results on Nov 14, 2024Nextensa NV/SA announced that they will report Q3, 2024 results on Nov 14, 2024
Reported Earnings • Feb 22Full year 2023 earnings releasedFull year 2023 results: Revenue: €111.2m (down 33% from FY 2022). Net income: €24.5m (down 66% from FY 2022). Profit margin: 22% (down from 43% in FY 2022). Revenue is forecast to grow 27% p.a. on average during the next 2 years, while revenues in the REITs industry in Europe are expected to remain flat.
お知らせ • Oct 27Luxembourg acquired Darwin II office building from Promobe SA and Nextensa NV/SA (ENXTBR:NEXTA).Luxembourg acquired Darwin II office building from Promobe SA and Nextensa NV/SA (ENXTBR:NEXTA) on October 25, 2023.Luxembourg completed the acquisition of Darwin II office building from Promobe SA and Nextensa NV/SA (ENXTBR:NEXTA) on October 25, 2023.
お知らせ • Aug 23Nextensa NV/SA (ENXTBR:NEXTA) acquired Montoyer 24 from Fedustria.Nextensa NV/SA (ENXTBR:NEXTA) acquired Montoyer 24 from Fedustria on August 22, 2023.Nextensa NV/SA (ENXTBR:NEXTA) complete the acquisition of Montoyer 24 from Fedustria on August 22, 2023.
Reported Earnings • Aug 20First half 2023 earnings released: EPS: €1.71 (vs €3.08 in 1H 2022)First half 2023 results: EPS: €1.71 (down from €3.08 in 1H 2022). Revenue: €60.6m (down 8.2% from 1H 2022). Net income: €17.1m (down 44% from 1H 2022). Profit margin: 28% (down from 47% in 1H 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, while revenues in the REITs industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.
New Risk • Aug 18New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 109% Cash payout ratio: 122% Dividend yield: 5.9% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (3.5% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 109% Cash payout ratio: 122%
お知らせ • Aug 18+ 1 more updateNextensa NV/SA, Annual General Meeting, May 21, 2024Nextensa NV/SA, Annual General Meeting, May 21, 2024.
Board Change • May 18Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director of Leasinvest Real Estate Management SA Sigrid Hermans was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • May 16Nextensa NV/SA to Report Fiscal Year 2023 Results on Mar 29, 2024Nextensa NV/SA announced that they will report fiscal year 2023 results on Mar 29, 2024
Upcoming Dividend • May 11Upcoming dividend of €1.82 per share at 5.5% yieldEligible shareholders must have bought the stock before 18 May 2023. Payment date: 22 May 2023. Trailing yield: 5.5%. Lower than top quartile of Belgian dividend payers (6.8%). In line with average of industry peers (5.2%).
Buying Opportunity • Mar 08Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 4.5%. The fair value is estimated to be €55.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only.
Reported Earnings • Feb 17Full year 2022 earnings releasedFull year 2022 results: Revenue: €148.5m (up 60% from FY 2021). Net income: €71.3m (up 34% from FY 2021). Profit margin: 48% (down from 57% in FY 2021). The decrease in margin was driven by higher expenses.
お知らせ • Feb 16+ 6 more updatesNextensa to Report Fiscal Year 2023 Results on Feb 14, 2024Nextensa announced that they will report fiscal year 2023 results on Feb 14, 2024
お知らせ • Dec 30Codic International SA completed the acquisition of GK5 Sàrl from Codic International SA.Codic International SA agreed to acquire GK5 Sàrl from Codic International SA for €110 million on November 15, 2021. Codic International SA completed the acquisition of GK5 Sàrl from Codic International SA on December 29, 2022.
Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. Independent Director of Leasinvest Real Estate Management SA Marcia De Wachter was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Oct 30REInvest Asset Management S.A. acquired Bronze Gate office property from Nextensa (ENXTBR:NEXTA) and Promobe SA for €65 million.REInvest Asset Management S.A. acquired Bronze Gate office property from Nextensa (ENXTBR:NEXTA) and Promobe SA for €65 million on October 28, 2022. The property was acquired for the DEREIF SICAV-FIS fund which invests in European real estate. The main investor in the Luxembourg-based real estate special fund is a major German insurance company. Bronze Gate is set to receive a BREEAM “Excellent” sustainability certification. The law firms Linklaters LLP and Clifford Chance provided buy-side and sell-side advice respectively during the transaction. Drees & Sommer advised REInvest on the technical issues associated with the purchase and were responsible for monitoring the construction phase. REInvest Asset Management S.A. completed the acquisition of Bronze Gate office property from Nextensa (ENXTBR:NEXTA) and Promobe SA on October 28, 2022.
Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improved over the past weekAfter last week's 17% share price gain to €54.10, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 6x in the REITs industry in Belgium. Total loss to shareholders of 49% over the past three years.
Reported Earnings • Aug 19First half 2022 earnings released: EPS: €3.08 (vs €4.72 in 1H 2021)First half 2022 results: EPS: €3.08. Revenue: €57.4m (up 94% from 1H 2021). Net income: €30.8m (up 10.0% from 1H 2021). Profit margin: 54% (down from 95% in 1H 2021).
Valuation Update With 7 Day Price Move • Jul 07Investor sentiment improved over the past weekAfter last week's 21% share price gain to €63.10, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 9x in the REITs industry in Belgium. Total loss to shareholders of 30% over the past three years.
Board Change • Jun 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. Independent Director of Leasinvest Real Estate Management SA Marcia De Wachter was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • May 12Upcoming dividend of €1.75 per shareEligible shareholders must have bought the stock before 19 May 2022. Payment date: 24 May 2022. Trailing yield: 3.8%. Lower than top quartile of Belgian dividend payers (5.9%). In line with average of industry peers (3.8%).
お知らせ • Apr 14Leasinvest Real Estate SCA, Annual General Meeting, May 16, 2022Leasinvest Real Estate SCA, Annual General Meeting, May 16, 2022, at 16:00 Central European Standard Time. Location: Maison de la Poste, Picardstraat 5 box 7, 1000 Brussels Brussels Belgium Agenda: To acknowledge the annual report of the Board of Directors regarding the statutory and consolidated financial statements per December 31, 2021; to acknowledge the reports of the statutory auditor regarding the statutory and consolidated annual accounts per December 31, 2021; to acknowledge the consolidated annual accounts closed on December 31, 2021; to approve the statutory annual accounts closed on December 31, 2021 and allocation of the results; to consider the remuneration report; to consider reappointment of directors; and to consider other matters.
Reported Earnings • Apr 06Full year 2021 earnings released: EPS: €6.85 (vs €1.30 in FY 2020)Full year 2021 results: EPS: €6.85 (up from €1.30 in FY 2020). Revenue: €93.0m (up 79% from FY 2020). Net income: €53.2m (up €45.6m from FY 2020). Profit margin: 57% (up from 15% in FY 2020). Net asset value (NAV) per share: €79.03 (down 3.9% from FY 2020). The current share price is 13% lower than NAV per share. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Feb 22Full year 2021 earnings: Revenues in line with analyst expectationsFull year 2021 results: Revenue: €55.9m (down 6.5% from FY 2020). Net income: €53.2m (up €45.6m from FY 2020). Profit margin: 95% (up from 13% in FY 2020). Revenue was in line with analyst estimates.
お知らせ • Feb 18Benelux Commercial Real Estate Fund, fund managed by Edmond de Rothschild Real Estate Investment Management acquired MONNET Building in Luxembourg from Leasinvest Real Estate SCA (ENXTBR:NEXTA).Benelux Commercial Real Estate Fund, fund managed by Edmond de Rothschild Real Estate Investment Management acquired MONNET Building in Luxembourg from Leasinvest Real Estate SCA (ENXTBR:NEXTA) on February 17, 2022. In a related transaction, DES / De Weer acquired CRESCENT from Leasinvest Real Estate. Both properties were sold together for €72 million. Edmond de Rothschild REIM was advised by Cushman & Wakefield, Loyens & Loeff as legal advisor and SGS Search. PWC Legal acted as legal advisor for Leasinvest. Benelux Commercial Real Estate Fund, fund managed by Edmond de Rothschild Real Estate Investment Management completed the acquisition of MONNET Building in Luxembourg from Leasinvest Real Estate SCA (ENXTBR:NEXTA) on February 17, 2022.
お知らせ • Dec 17Leasinvest Real Estate SCA (ENXTBR:NEXTA) commences an Equity Buyback Plan under the authorization approved on July 18, 2021.Leasinvest Real Estate SCA (ENXTBR:NEXTA) commences share repurchases on December 9, 2021, under the program mandated by the Extraordinary General Meeting held on July 19, 2021. As per the mandate, the company is authorized to repurchase up to 10% of its issued share capital, such that the company’s holding in treasury together with the shares repurchased does not exceed 10% of its issued share capital at any point of time. The shares will be repurchased at a maximum price per share equal to the highest of the last 20 closing prices preceding the day of acquisition of own shares, plus 10%. This authorization is granted for a period of 5 years from the authorization date. As of July 19, 2021, the company had 10,002,102 shares excluding treasury shares. On December 8, 2021, the company announced a share repurchase program. Under the program, the company will repurchase 65,000 shares for a total amount of no more than €4.8 million. The goal of the share repurchase is to enable to meet its obligations resulting from the purchase plans for the benefit of its executive management. The repurchases will commence from December 9, 2021 and end on January 31, 2022.
Reported Earnings • Aug 23First half 2021 earnings released: EPS €4.72 (vs €5.18 loss in 1H 2020)The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €29.6m (up 5.2% from 1H 2020). Net income: €28.0m (up €58.7m from 1H 2020). Profit margin: 95% (up from net loss in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • May 13Upcoming dividend of €3.68 per shareEligible shareholders must have bought the stock before 20 May 2021. Payment date: 25 May 2021. Trailing yield: 6.8%. Within top quartile of Belgian dividend payers (4.4%). Higher than average of industry peers (4.0%).
Reported Earnings • Apr 06Full year 2020 earnings released: EPS €1.30 (vs €8.42 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €59.8m (down 5.3% from FY 2019). Net income: €7.68m (down 85% from FY 2019). Profit margin: 13% (down from 79% in FY 2019). Net asset value (NAV) per share: €82.20 (down 1.1% from FY 2019). The current share price is 9.2% lower than NAV per share. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
分析記事 • Mar 09Should You Be Concerned About Leasinvest Real Estate SCA's (EBR:LEAS) ROE?Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...
Is New 90 Day High Low • Mar 03New 90-day low: €72.20The company is down 7.0% from its price of €78.00 on 03 December 2020. The Belgian market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is up 1.0% over the same period.
Reported Earnings • Feb 14Full year 2020 earnings released: EPS €1.30 (vs €8.42 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €59.8m (down 5.3% from FY 2019). Net income: €7.68m (down 85% from FY 2019). Profit margin: 13% (down from 79% in FY 2019). Net asset value (NAV) per share: €82.20 (down 1.1% from FY 2019). The current share price is 10% lower than NAV per share. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
Analyst Estimate Surprise Post Earnings • Feb 14Revenue and earnings miss expectationsRevenue missed analyst estimates by 0.8%. Earnings per share (EPS) also missed analyst estimates by 71%. Over the next year, revenue is forecast to grow 14%, compared to a 2.2% growth forecast for the REITs industry in Belgium.
分析記事 • Feb 01How Much Of Leasinvest Real Estate SCA (EBR:LEAS) Do Institutions Own?The big shareholder groups in Leasinvest Real Estate SCA ( EBR:LEAS ) have power over the company. Institutions will...
お知らせ • Dec 17An unknown buyer acquired an office building of 1,750 m², located Route d'Esch 25 in Luxembourg City from Leasinvest Real Estate SCA (ENXTBR:LEAS) for €13 million.An unknown buyer acquired an office building of 1,750 m², located Route d'Esch 25 in Luxembourg City from Leasinvest Real Estate SCA (ENXTBR:LEAS) for €13 million on December 15, 2020. An unknown buyer completed the acquisition of an office building of 1,750 m², located Route d'Esch 25 in Luxembourg City from Leasinvest Real Estate SCA (ENXTBR:LEAS) on December 15, 2020.
分析記事 • Dec 08How Is Leasinvest Real Estate's (EBR:LEAS) CEO Compensated?Michel Van Geyte became the CEO of Leasinvest Real Estate SCA ( EBR:LEAS ) in 2018, and we think it's a good time to...
お知らせ • Nov 19+ 2 more updatesLeasinvest Real Estate SCA to Report First Half, 2021 Results on Aug 19, 2021Leasinvest Real Estate SCA announced that they will report first half, 2021 results on Aug 19, 2021
Is New 90 Day High Low • Nov 07New 90-day low: €66.20The company is down 18% from its price of €81.00 on 07 August 2020. The Belgian market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €134 per share.
Is New 90 Day High Low • Oct 12New 90-day low: €78.80The company is down 9.0% from its price of €86.60 on 14 July 2020. The Belgian market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €143 per share.
お知らせ • Aug 22Leasinvest Real Estate SCA to Report Q1, 2021 Results on May 17, 2021Leasinvest Real Estate SCA announced that they will report Q1, 2021 results on May 17, 2021
お知らせ • Jun 28Leasinvest Real Estate SCA to Report Q3, 2020 Results on Nov 17, 2020Leasinvest Real Estate SCA announced that they will report Q3, 2020 results on Nov 17, 2020
