View Future GrowthQrf Comm. VA 過去の業績過去 基準チェック /46Qrf Comm. VAは、平均年間37.8%の収益成長を遂げていますが、 Retail REITs業界の収益は、年間 成長しています。収益は、平均年間21.4% 4.5%収益成長率で 成長しています。 Qrf Comm. VAの自己資本利益率は11.4%であり、純利益率は126.7%です。主要情報37.77%収益成長率36.37%EPS成長率Retail REITs 業界の成長30.28%収益成長率4.53%株主資本利益率11.42%ネット・マージン126.75%次回の業績アップデート27 Aug 2026最近の業績更新Reported Earnings • Apr 21Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: €2.18 (up from €1.40 in FY 2024). Revenue: €14.4m (up 1.5% from FY 2024). Net income: €18.3m (up 67% from FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 108%. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 4.3% decline forecast for the Retail REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Reported Earnings • Sep 03First half 2025 earnings released: EPS: €0.45 (vs €1.44 in 1H 2024)First half 2025 results: EPS: €0.45 (down from €1.44 in 1H 2024). Revenue: €6.97m (up 1.0% from 1H 2024). Net income: €3.53m (down 69% from 1H 2024). Profit margin: 51% (down from 162% in 1H 2024). Revenue is forecast to stay flat during the next 3 years compared to a 3.1% growth forecast for the Retail REITs industry in Belgium. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.お知らせ • Sep 03+ 3 more updatesQrf Comm. VA to Report First Half, 2026 Results on Aug 27, 2026Qrf Comm. VA announced that they will report first half, 2026 results on Aug 27, 2026Reported Earnings • Apr 24Full year 2024 earnings released: EPS: €1.40 (vs €0.32 loss in FY 2023)Full year 2024 results: EPS: €1.40 (up from €0.32 loss in FY 2023). Revenue: €13.8m (down 30% from FY 2023). Net income: €10.9m (up €13.4m from FY 2023). Profit margin: 79% (up from net loss in FY 2023). The move to profitability was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 2.4% decline forecast for the Retail REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.お知らせ • Sep 27+ 4 more updatesQrf Comm. VA to Report Q3, 2025 Results on Oct 23, 2025Qrf Comm. VA announced that they will report Q3, 2025 results on Oct 23, 2025Reported Earnings • Aug 28First half 2024 earnings released: EPS: €1.44 (vs €0.32 loss in 1H 2023)First half 2024 results: EPS: €1.44 (up from €0.32 loss in 1H 2023). Revenue: €6.90m (down 15% from 1H 2023). Net income: €11.2m (up €13.7m from 1H 2023). Revenue is expected to fall by 8.6% p.a. on average during the next 3 years compared to a 3.3% decline forecast for the Retail REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.すべての更新を表示Recent updatesReported Earnings • Apr 21Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: €2.18 (up from €1.40 in FY 2024). Revenue: €14.4m (up 1.5% from FY 2024). Net income: €18.3m (up 67% from FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 108%. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 4.3% decline forecast for the Retail REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.New Risk • Apr 21New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 33% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (5.1% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 110% Cash payout ratio: 220% Earnings are forecast to decline by an average of 21% per year for the foreseeable future. Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Minor Risk Large one-off items impacting financial results.New Risk • Apr 19New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 110% Cash payout ratio: 165% Dividend yield: 11% 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 (5.1% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 110% Cash payout ratio: 165% Earnings are forecast to decline by an average of 21% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results.New Risk • Mar 16New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. 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 Risk Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (23% net profit margin). Market cap is less than US$100m (€86.6m market cap, or US$98.9m).New Risk • Mar 09New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: €85.4m (US$99.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (23% net profit margin). Market cap is less than US$100m (€85.4m market cap, or US$99.2m).お知らせ • Oct 02Qrf Comm. VA announces Annual dividendQrf Comm. VA announced Annual dividend of EUR 0.4410 per share, ex-date on October 02, 2025 and record date on October 03, 2025.Reported Earnings • Sep 03First half 2025 earnings released: EPS: €0.45 (vs €1.44 in 1H 2024)First half 2025 results: EPS: €0.45 (down from €1.44 in 1H 2024). Revenue: €6.97m (up 1.0% from 1H 2024). Net income: €3.53m (down 69% from 1H 2024). Profit margin: 51% (down from 162% in 1H 2024). Revenue is forecast to stay flat during the next 3 years compared to a 3.1% growth forecast for the Retail REITs industry in Belgium. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.お知らせ • Sep 03+ 3 more updatesQrf Comm. VA to Report First Half, 2026 Results on Aug 27, 2026Qrf Comm. VA announced that they will report first half, 2026 results on Aug 27, 2026New Risk • Sep 01New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 47% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (22% net profit margin). Market cap is less than US$100m (€82.3m market cap, or US$96.4m).お知らせ • May 22Qrf Comm. VA announces Annual dividend, payable on May 27, 2025Qrf Comm. VA announced Annual dividend of EUR 0.5880 per share payable on May 27, 2025, ex-date on May 23, 2025 and record date on May 26, 2025.New Risk • Apr 27New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 11% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Earnings are forecast to decline by an average of 11% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€81.0m market cap, or US$92.0m).Reported Earnings • Apr 24Full year 2024 earnings released: EPS: €1.40 (vs €0.32 loss in FY 2023)Full year 2024 results: EPS: €1.40 (up from €0.32 loss in FY 2023). Revenue: €13.8m (down 30% from FY 2023). Net income: €10.9m (up €13.4m from FY 2023). Profit margin: 79% (up from net loss in FY 2023). The move to profitability was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 2.4% decline forecast for the Retail REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.New Risk • Mar 10New 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 Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Earnings are forecast to decline by an average of 4.4% per year for the foreseeable future. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€82.3m market cap, or US$89.2m).お知らせ • Sep 27+ 4 more updatesQrf Comm. VA to Report Q3, 2025 Results on Oct 23, 2025Qrf Comm. VA announced that they will report Q3, 2025 results on Oct 23, 2025Reported Earnings • Aug 28First half 2024 earnings released: EPS: €1.44 (vs €0.32 loss in 1H 2023)First half 2024 results: EPS: €1.44 (up from €0.32 loss in 1H 2023). Revenue: €6.90m (down 15% from 1H 2023). Net income: €11.2m (up €13.7m from 1H 2023). Revenue is expected to fall by 8.6% p.a. on average during the next 3 years compared to a 3.3% decline forecast for the Retail REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Price Target Changed • Jul 21Price target decreased by 9.3% to €12.25Down from €13.50, the current price target is an average from 2 analysts. New target price is 18% above last closing price of €10.40. Stock is up 2.5% over the past year. The company is forecast to post earnings per share of €2.18 next year compared to a net loss per share of €0.32 last year.Reported Earnings • Apr 11Full year 2023 earnings released: €0.32 loss per share (vs €1.68 profit in FY 2022)Full year 2023 results: €0.32 loss per share (down from €1.68 profit in FY 2022). Revenue: €15.1m (up 11% from FY 2022). Net loss: €2.46m (down 120% from profit in FY 2022). Revenue is forecast to stay flat during the next 2 years compared to a 3.3% decline forecast for the Retail REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.New Risk • Mar 04New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. 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 Risk Debt is not well covered by operating cash flow (9.7% operating cash flow to total debt). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (36% net profit margin). Shareholders have been diluted in the past year (2.9% increase in shares outstanding). Market cap is less than US$100m (€75.5m market cap, or US$81.8m).Board Change • Mar 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Non-Executive Non-Independent Director Stefanie Broucke was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Aug 23First half 2023 earnings released: €0.32 loss per share (vs €0.56 profit in 1H 2022)First half 2023 results: €0.32 loss per share (down from €0.56 profit in 1H 2022). Revenue: €8.12m (up 70% from 1H 2022). Net loss: €2.46m (down 160% from profit in 1H 2022). Revenue is expected to fall by 25% p.a. on average during the next 2 years compared to a 3.0% decline forecast for the Retail REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Mar 01Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €11.00, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 7x in the REITs industry in Belgium. Total loss to shareholders of 15% over the past three years.Price Target Changed • Nov 16Price target increased to €13.50Up from €12.50, the current price target is provided by 1 analyst. New target price is 46% above last closing price of €9.22. Stock is down 17% over the past year. The company posted earnings per share of €0.32 last year.Price Target Changed • Apr 27Price target increased to €13.50Up from €12.50, the current price target is provided by 1 analyst. New target price is 16% above last closing price of €11.60. Stock is down 2.5% over the past year. The company posted a net loss per share of €0.74 last year.Reported Earnings • Apr 25Full year 2020 earnings released: €0.74 loss per share (vs €2.91 loss in FY 2019)The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: €13.8m (down 16% from FY 2019). Net loss: €5.31m (loss narrowed 74% from FY 2019). Net asset value (NAV) per share: €16.43 (down 8.2% from FY 2019). The current share price is 27% lower than NAV per share. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.分析記事 • Mar 18What Type Of Returns Would Qrf Comm. VA's(EBR:QRF) Shareholders Have Earned If They Purchased Their SharesFive Years Ago?Ideally, your overall portfolio should beat the market average. But the main game is to find enough winners to more...Price Target Changed • Mar 01Price target raised to €13.50Up from €12.50, the current price target is provided by 1 analyst. The new target price is 8.4% above the current share price of €12.45. As of last close, the stock is down 13% over the past year.分析記事 • Dec 03How Much Did Qrf Comm. VA's(EBR:QRF) Shareholders Earn From Share Price Movements Over The Last Five Years?Qrf Comm. VA ( EBR:QRF ) shareholders should be happy to see the share price up 19% in the last month. But over the...お知らせ • Dec 02Qrf Comm. VA (ENXTBR:QRF) entered into an agreement to acquire State Archives Bruges from Leasinvest Real Estate SCA (ENXTBR:LEAS) for €20.6 million.Qrf Comm. VA (ENXTBR:QRF) entered into an agreement to acquire State Archives Bruges from Leasinvest Real Estate SCA (ENXTBR:LEAS) for €20.6 million on December 1, 2020.Is New 90 Day High Low • Nov 17New 90-day high: €11.60The company is up 6.0% from its price of €10.90 on 19 August 2020. The Belgian market is up 10.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the REITs industry, which is up 2.0% over the same period.Is New 90 Day High Low • Oct 27New 90-day low: €8.98The company is down 17% from its price of €10.80 on 29 July 2020. The Belgian market is down 3.0% 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.Is New 90 Day High Low • Oct 08New 90-day low: €9.34The company is down 23% from its price of €12.20 on 10 July 2020. The Belgian market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is up 6.0% over the same period.Is New 90 Day High Low • Sep 22New 90-day low: €9.82The company is down 9.0% from its price of €10.85 on 24 June 2020. The Belgian market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is up 7.0% over the same period.収支内訳Qrf Comm. VA の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史ENXTBR:QRF 収益、費用、利益 ( )EUR Millions日付収益収益G+A経費研究開発費31 Dec 2514182030 Sep 2514112030 Jun 251432031 Mar 251472031 Dec 2414112030 Sep 2416112030 Jun 2419112031 Mar 241942031 Dec 2320-22030 Sep 231822030 Jun 231762031 Mar 231592031 Dec 2214132030 Sep 2213112030 Jun 221292031 Mar 221262031 Dec 211322030 Sep 2113-12030 Jun 2113-52031 Mar 2113-52031 Dec 2014-52030 Sep 2014-42030 Jun 2015-32031 Mar 2016-122031 Dec 1916-202030 Sep 1917-192030 Jun 1917-182031 Mar 1917-92031 Dec 181712030 Sep 181712030 Jun 181712031 Mar 181632031 Dec 171652030 Sep 171662030 Jun 171562031 Mar 171572030 Dec 161482030 Sep 161372030 Jun 161262031 Mar 161152030 Dec 151051030 Sep 151041030 Jun 159410質の高い収益: QRFには€11.9M } という大きな 一回限りの 利益があり、過去 12 か月の財務実績が31st December, 2025に影響を及ぼしています。利益率の向上: QRFの現在の純利益率 は、昨年(77%)よりも高くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: QRF過去 5 年間で収益を上げており、収益は年間37.8%増加しています。成長の加速: QRFの過去 1 年間の収益成長率 ( 67.1% ) は、5 年間の平均 ( 年間37.8%を上回っています。収益対業界: QRFの過去 1 年間の収益成長率 ( 67.1% ) はRetail REITs業界43.2%を上回りました。株主資本利益率高いROE: QRFの 自己資本利益率 ( 11.4% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YReal-estate 、過去の業績が好調な企業。View Financial Health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2026/05/22 01:09終値2026/05/22 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Qrf Comm. VA 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。2 アナリスト機関Vincent KoppmairDegroof PetercamLynn HautekeeteKBC Securities NV
Reported Earnings • Apr 21Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: €2.18 (up from €1.40 in FY 2024). Revenue: €14.4m (up 1.5% from FY 2024). Net income: €18.3m (up 67% from FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 108%. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 4.3% decline forecast for the Retail REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Reported Earnings • Sep 03First half 2025 earnings released: EPS: €0.45 (vs €1.44 in 1H 2024)First half 2025 results: EPS: €0.45 (down from €1.44 in 1H 2024). Revenue: €6.97m (up 1.0% from 1H 2024). Net income: €3.53m (down 69% from 1H 2024). Profit margin: 51% (down from 162% in 1H 2024). Revenue is forecast to stay flat during the next 3 years compared to a 3.1% growth forecast for the Retail REITs industry in Belgium. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
お知らせ • Sep 03+ 3 more updatesQrf Comm. VA to Report First Half, 2026 Results on Aug 27, 2026Qrf Comm. VA announced that they will report first half, 2026 results on Aug 27, 2026
Reported Earnings • Apr 24Full year 2024 earnings released: EPS: €1.40 (vs €0.32 loss in FY 2023)Full year 2024 results: EPS: €1.40 (up from €0.32 loss in FY 2023). Revenue: €13.8m (down 30% from FY 2023). Net income: €10.9m (up €13.4m from FY 2023). Profit margin: 79% (up from net loss in FY 2023). The move to profitability was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 2.4% decline forecast for the Retail REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
お知らせ • Sep 27+ 4 more updatesQrf Comm. VA to Report Q3, 2025 Results on Oct 23, 2025Qrf Comm. VA announced that they will report Q3, 2025 results on Oct 23, 2025
Reported Earnings • Aug 28First half 2024 earnings released: EPS: €1.44 (vs €0.32 loss in 1H 2023)First half 2024 results: EPS: €1.44 (up from €0.32 loss in 1H 2023). Revenue: €6.90m (down 15% from 1H 2023). Net income: €11.2m (up €13.7m from 1H 2023). Revenue is expected to fall by 8.6% p.a. on average during the next 3 years compared to a 3.3% decline forecast for the Retail REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Reported Earnings • Apr 21Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: €2.18 (up from €1.40 in FY 2024). Revenue: €14.4m (up 1.5% from FY 2024). Net income: €18.3m (up 67% from FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 108%. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 4.3% decline forecast for the Retail REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
New Risk • Apr 21New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 33% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (5.1% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 110% Cash payout ratio: 220% Earnings are forecast to decline by an average of 21% per year for the foreseeable future. Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Minor Risk Large one-off items impacting financial results.
New Risk • Apr 19New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 110% Cash payout ratio: 165% Dividend yield: 11% 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 (5.1% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 110% Cash payout ratio: 165% Earnings are forecast to decline by an average of 21% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results.
New Risk • Mar 16New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. 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 Risk Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (23% net profit margin). Market cap is less than US$100m (€86.6m market cap, or US$98.9m).
New Risk • Mar 09New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: €85.4m (US$99.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (23% net profit margin). Market cap is less than US$100m (€85.4m market cap, or US$99.2m).
お知らせ • Oct 02Qrf Comm. VA announces Annual dividendQrf Comm. VA announced Annual dividend of EUR 0.4410 per share, ex-date on October 02, 2025 and record date on October 03, 2025.
Reported Earnings • Sep 03First half 2025 earnings released: EPS: €0.45 (vs €1.44 in 1H 2024)First half 2025 results: EPS: €0.45 (down from €1.44 in 1H 2024). Revenue: €6.97m (up 1.0% from 1H 2024). Net income: €3.53m (down 69% from 1H 2024). Profit margin: 51% (down from 162% in 1H 2024). Revenue is forecast to stay flat during the next 3 years compared to a 3.1% growth forecast for the Retail REITs industry in Belgium. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
お知らせ • Sep 03+ 3 more updatesQrf Comm. VA to Report First Half, 2026 Results on Aug 27, 2026Qrf Comm. VA announced that they will report first half, 2026 results on Aug 27, 2026
New Risk • Sep 01New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 47% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (22% net profit margin). Market cap is less than US$100m (€82.3m market cap, or US$96.4m).
お知らせ • May 22Qrf Comm. VA announces Annual dividend, payable on May 27, 2025Qrf Comm. VA announced Annual dividend of EUR 0.5880 per share payable on May 27, 2025, ex-date on May 23, 2025 and record date on May 26, 2025.
New Risk • Apr 27New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 11% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Earnings are forecast to decline by an average of 11% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€81.0m market cap, or US$92.0m).
Reported Earnings • Apr 24Full year 2024 earnings released: EPS: €1.40 (vs €0.32 loss in FY 2023)Full year 2024 results: EPS: €1.40 (up from €0.32 loss in FY 2023). Revenue: €13.8m (down 30% from FY 2023). Net income: €10.9m (up €13.4m from FY 2023). Profit margin: 79% (up from net loss in FY 2023). The move to profitability was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 2.4% decline forecast for the Retail REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
New Risk • Mar 10New 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 Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Earnings are forecast to decline by an average of 4.4% per year for the foreseeable future. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€82.3m market cap, or US$89.2m).
お知らせ • Sep 27+ 4 more updatesQrf Comm. VA to Report Q3, 2025 Results on Oct 23, 2025Qrf Comm. VA announced that they will report Q3, 2025 results on Oct 23, 2025
Reported Earnings • Aug 28First half 2024 earnings released: EPS: €1.44 (vs €0.32 loss in 1H 2023)First half 2024 results: EPS: €1.44 (up from €0.32 loss in 1H 2023). Revenue: €6.90m (down 15% from 1H 2023). Net income: €11.2m (up €13.7m from 1H 2023). Revenue is expected to fall by 8.6% p.a. on average during the next 3 years compared to a 3.3% decline forecast for the Retail REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Price Target Changed • Jul 21Price target decreased by 9.3% to €12.25Down from €13.50, the current price target is an average from 2 analysts. New target price is 18% above last closing price of €10.40. Stock is up 2.5% over the past year. The company is forecast to post earnings per share of €2.18 next year compared to a net loss per share of €0.32 last year.
Reported Earnings • Apr 11Full year 2023 earnings released: €0.32 loss per share (vs €1.68 profit in FY 2022)Full year 2023 results: €0.32 loss per share (down from €1.68 profit in FY 2022). Revenue: €15.1m (up 11% from FY 2022). Net loss: €2.46m (down 120% from profit in FY 2022). Revenue is forecast to stay flat during the next 2 years compared to a 3.3% decline forecast for the Retail REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
New Risk • Mar 04New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. 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 Risk Debt is not well covered by operating cash flow (9.7% operating cash flow to total debt). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (36% net profit margin). Shareholders have been diluted in the past year (2.9% increase in shares outstanding). Market cap is less than US$100m (€75.5m market cap, or US$81.8m).
Board Change • Mar 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Non-Executive Non-Independent Director Stefanie Broucke was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Aug 23First half 2023 earnings released: €0.32 loss per share (vs €0.56 profit in 1H 2022)First half 2023 results: €0.32 loss per share (down from €0.56 profit in 1H 2022). Revenue: €8.12m (up 70% from 1H 2022). Net loss: €2.46m (down 160% from profit in 1H 2022). Revenue is expected to fall by 25% p.a. on average during the next 2 years compared to a 3.0% decline forecast for the Retail REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Mar 01Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €11.00, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 7x in the REITs industry in Belgium. Total loss to shareholders of 15% over the past three years.
Price Target Changed • Nov 16Price target increased to €13.50Up from €12.50, the current price target is provided by 1 analyst. New target price is 46% above last closing price of €9.22. Stock is down 17% over the past year. The company posted earnings per share of €0.32 last year.
Price Target Changed • Apr 27Price target increased to €13.50Up from €12.50, the current price target is provided by 1 analyst. New target price is 16% above last closing price of €11.60. Stock is down 2.5% over the past year. The company posted a net loss per share of €0.74 last year.
Reported Earnings • Apr 25Full year 2020 earnings released: €0.74 loss per share (vs €2.91 loss in FY 2019)The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: €13.8m (down 16% from FY 2019). Net loss: €5.31m (loss narrowed 74% from FY 2019). Net asset value (NAV) per share: €16.43 (down 8.2% from FY 2019). The current share price is 27% lower than NAV per share. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.
分析記事 • Mar 18What Type Of Returns Would Qrf Comm. VA's(EBR:QRF) Shareholders Have Earned If They Purchased Their SharesFive Years Ago?Ideally, your overall portfolio should beat the market average. But the main game is to find enough winners to more...
Price Target Changed • Mar 01Price target raised to €13.50Up from €12.50, the current price target is provided by 1 analyst. The new target price is 8.4% above the current share price of €12.45. As of last close, the stock is down 13% over the past year.
分析記事 • Dec 03How Much Did Qrf Comm. VA's(EBR:QRF) Shareholders Earn From Share Price Movements Over The Last Five Years?Qrf Comm. VA ( EBR:QRF ) shareholders should be happy to see the share price up 19% in the last month. But over the...
お知らせ • Dec 02Qrf Comm. VA (ENXTBR:QRF) entered into an agreement to acquire State Archives Bruges from Leasinvest Real Estate SCA (ENXTBR:LEAS) for €20.6 million.Qrf Comm. VA (ENXTBR:QRF) entered into an agreement to acquire State Archives Bruges from Leasinvest Real Estate SCA (ENXTBR:LEAS) for €20.6 million on December 1, 2020.
Is New 90 Day High Low • Nov 17New 90-day high: €11.60The company is up 6.0% from its price of €10.90 on 19 August 2020. The Belgian market is up 10.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the REITs industry, which is up 2.0% over the same period.
Is New 90 Day High Low • Oct 27New 90-day low: €8.98The company is down 17% from its price of €10.80 on 29 July 2020. The Belgian market is down 3.0% 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.
Is New 90 Day High Low • Oct 08New 90-day low: €9.34The company is down 23% from its price of €12.20 on 10 July 2020. The Belgian market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is up 6.0% over the same period.
Is New 90 Day High Low • Sep 22New 90-day low: €9.82The company is down 9.0% from its price of €10.85 on 24 June 2020. The Belgian market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is up 7.0% over the same period.