View ValuationRetail Estates 将来の成長Future 基準チェック /06Retail Estatesの収益は年間14.4%の割合で減少すると予測されていますが、年間収益は年間4%で増加すると予想されています。主要情報-14.4%収益成長率n/aEPS成長率Retail REITs 収益成長6.9%収益成長率4.0%将来の株主資本利益率8.50%アナリストカバレッジLow最終更新日22 May 2026今後の成長に関する最新情報Price Target Changed • Oct 14Price target increased to €72.00Up from €66.50, the current price target is provided by 1 analyst. New target price is 5.1% above last closing price of €68.50. Stock is up 28% over the past year.すべての更新を表示Recent updatesNew Risk • May 24New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 34% 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 Risks Debt is not well covered by operating cash flow (10% operating cash flow to total debt). Earnings are forecast to decline by an average of 14% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results.Reported Earnings • May 24Full year 2026 earnings releasedFull year 2026 results: Revenue: €143.1m (up 1.9% from FY 2025). Net income: €123.0m (up 15% from FY 2025). Profit margin: 86% (up from 76% in FY 2025). Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Retail REITs industry in Belgium.New Risk • Apr 21New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 5.8% 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 (9.7% operating cash flow to total debt). Earnings are forecast to decline by an average of 5.8% per year for the foreseeable future.Buy Or Sell Opportunity • Mar 23Now 21% undervaluedOver the last 90 days, the stock has risen 2.1% to €64.30. The fair value is estimated to be €81.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.3% over the last 3 years. Earnings per share has declined by 29%.Buy Or Sell Opportunity • Jan 08Now 21% undervaluedThe stock has been flat over the last 90 days, currently trading at €62.90. The fair value is estimated to be €79.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.3% over the last 3 years. Earnings per share has declined by 29%.お知らせ • Jan 04+ 1 more updateRetail Estates SA Announces Chief Executive Officer ChangesRetail Estates SA announced that Nicolas Beaussillon has assumed charge as the new Chief Executive Officer with effect from January 1, 2026. He takes over from Jan De Nys, who stepped down after reaching the age limit set in the company's corporate charter. The Board of Directors appointed Beaussillon as Managing Director and assigned him the role of Director on November 13, 2025. Jan De Nys will continue assisting Beaussillon on a part-time basis until March 31, 2026, following which he will be involved, on a full-time basis, with his other board mandates.Buy Or Sell Opportunity • Dec 03Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 7.1% to €62.50. The fair value is estimated to be €78.75, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.3% over the last 3 years. Earnings per share has declined by 29%.お知らせ • Oct 30Retail Estates N.V. to Report First Half, 2026 Results on Nov 14, 2025Retail Estates N.V. announced that they will report first half, 2026 results on Nov 14, 2025お知らせ • Aug 29+ 1 more updateAB Sagax (publ) (OM:SAGA A) acquired 10.80% stake in Retail Estates N.V. (ENXTBR:RET) for SEK 1.2 billion.AB Sagax (publ) (OM:SAGA A) acquired 10.80% stake in Retail Estates N.V. (ENXTBR:RET) for SEK 1.2 billion in cash on August 29, 2025. AB Sagax (publ) (OM:SAGA A) completed the acquisition of 10.80% stake in Retail Estates N.V. (ENXTBR:RET) on August 29, 2025.お知らせ • Jun 20Retail Estates N.V., Annual General Meeting, Jul 22, 2025Retail Estates N.V., Annual General Meeting, Jul 22, 2025, at 10:00 Romance Standard Time.Declared Dividend • Jun 01Dividend of €3.57 announcedShareholders will receive a dividend of €3.57. Ex-date: 2nd June 2025 Payment date: 26th June 2025 Dividend yield will be 5.5%, which is lower than the industry average of 8.3%.お知らせ • May 30Retail Estates N.V. announces Annual dividend, payable on June 26, 2025Retail Estates N.V. announced Annual dividend of EUR 3.5700 per share payable on June 26, 2025, ex-date on June 02, 2025 and record date on June 03, 2025.Reported Earnings • May 28Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: €7.26 (down from €8.60 in FY 2024). Revenue: €140.6m (up 2.6% from FY 2024). Net income: €106.7m (down 13% from FY 2024). Profit margin: 76% (down from 90% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.3%. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 2.2% decline forecast for the Retail REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.Board Change • Apr 17Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Léon Overhorst was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Buy Or Sell Opportunity • Jul 01Now 14% overvaluedOver the last 90 days, the stock has fallen 5.5% to €61.70. The fair value is estimated to be €54.11, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to decline by 18% in the next 2 years.Buy Or Sell Opportunity • Jun 28Now 20% overvaluedOver the last 90 days, the stock has fallen 3.1% to €63.00. The fair value is estimated to be €52.40, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to decline by 18% in the next 2 years.お知らせ • Jun 25+ 1 more updateRetail Estates N.V. to Report First Half, 2025 Results on Nov 18, 2024Retail Estates N.V. announced that they will report first half, 2025 results on Nov 18, 2024Buy Or Sell Opportunity • Jun 18Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 6.7% to €65.00. The fair value is estimated to be €52.93, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to decline by 18% in the next 2 years.New Risk • Jun 05New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 90% Last year net profit margin: 146% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (8.8% operating cash flow to total debt). Earnings are forecast to decline by an average of 11% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (90% net profit margin). Shareholders have been diluted in the past year (2.1% increase in shares outstanding).お知らせ • Jun 02Retail Estates N.V., Annual General Meeting, Jul 22, 2024Retail Estates N.V., Annual General Meeting, Jul 22, 2024.Buy Or Sell Opportunity • May 07Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 11% to €66.80. The fair value is estimated to be €55.57, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.6% over the last 3 years. Earnings per share has grown by 36%. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to decline by 39% in the next 2 years.New Risk • Jan 24New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 22% 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 (9.3% operating cash flow to total debt). Earnings are forecast to decline by an average of 22% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.1% increase in shares outstanding).Reported Earnings • Nov 24First half 2024 earnings released: EPS: €6.10 (vs €7.72 in 1H 2023)First half 2024 results: EPS: €6.10 (down from €7.72 in 1H 2023). Revenue: €66.6m (up 11% from 1H 2023). Net income: €86.6m (down 18% from 1H 2023). Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 2.7% decline forecast for the Retail REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.New Risk • Aug 01New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 28% 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 28% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (8.7% increase in shares outstanding).お知らせ • Jun 21Retail Estates N.V., Annual General Meeting, Jul 24, 2023Retail Estates N.V., Annual General Meeting, Jul 24, 2023, at 10:00 Central European Standard Time. Location: Industrielaan 6, B-1740 Ternat Belgium Belgium Agenda: To discuss the annual report with regard to the statutory and consolidated annual accounts of the Company; to discuss the reports of the statutory auditor with regard to the statutory accounts of the Company; to discuss the consolidated annual accounts of the Company for the financial year; to Approval of the statutory annual accounts of the Company for the financial year; to approval of the remuneration report for the financial year; to discuss Discharge to the directors of the Company; and to discuss other matters.Reported Earnings • May 28Full year 2023 earnings released: EPS: €12.99 (vs €10.23 in FY 2022)Full year 2023 results: EPS: €12.99 (up from €10.23 in FY 2022). Revenue: €123.9m (up 9.0% from FY 2022). Net income: €180.6m (up 37% from FY 2022). Revenue is forecast to grow 3.5% p.a. on average during the next 2 years, compared to a 2.8% decline forecast for the Retail REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Board Change • Mar 28Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 2 highly experienced directors. 3 independent directors (6 non-independent directors). Non-Executive Independent Director Ann Gaeremynck was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Nov 22First half 2023 earnings released: EPS: €7.72 (vs €3.49 in 1H 2022)First half 2023 results: EPS: €7.72 (up from €3.49 in 1H 2022). Revenue: €59.9m (up 6.3% from 1H 2022). Net income: €106.0m (up 140% from 1H 2022). Revenue is forecast to grow 4.3% p.a. on average during the next 2 years, compared to a 9.4% growth forecast for the REITs industry in Belgium. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 2 highly experienced directors. 3 independent directors (6 non-independent directors). Non-Executive Independent Director Ann Gaeremynck was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.お知らせ • Jun 16Retail Estates N.V., Annual General Meeting, Jul 18, 2022Retail Estates N.V., Annual General Meeting, Jul 18, 2022, at 10:00 Central European Standard Time. Agenda: To consider Acknowledgement of the annual report with regard to the statutory and consolidated annual accounts of the Company for the financial year that ended on 31 March 2022; to consider Acknowledgement of the reports of the statutory auditor with regard to the statutory accounts of the Company for the financial year that ended on 31 March 2022 and with regard to the consolidated annual accounts of the Company for the financial year that ended on 31 March 2022; to consider Acknowledgement of the consolidated annual accounts of the Company for the financial year that ended on 31 March 2022; to consider Presentation by the remuneration and nomination committee of the remuneration report for the financial year that ended on 31 March 2022 that forms a specific part of the corporate governance statement; to consider Approval of the statutory annual accounts of the Company for the financial year that ended on 31 March 2022 and allocation of the results; and other issues.Valuation Update With 7 Day Price Move • Jun 13Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to €61.50, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the REITs industry in Belgium. Total loss to shareholders of 14% over the past three years.Reported Earnings • May 25Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: €10.23 (up from €4.86 in FY 2021). Revenue: €113.7m (up 13% from FY 2021). Net income: €131.8m (up 115% from FY 2021). Revenue missed analyst estimates by 100%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 5.8% while the reits industry in Belgium is not expected to grow. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 3 highly experienced directors. 3 independent directors (6 non-independent directors). Non-Executive Independent Director Ann Gaeremynck was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Nov 24First half 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFirst half 2022 results: EPS: €3.49 (up from €1.95 in 1H 2021). Revenue: €56.3m (up 11% from 1H 2021). Net income: €44.2m (up 79% from 1H 2021). Profit margin: 79% (up from 48% in 1H 2021). The increase in margin was primarily driven by lower expenses. Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) exceeded analyst estimates by 25%. Earnings per share (EPS) surpassed analyst estimates by 25%. Over the next year, revenue is forecast to grow 10%, compared to a 3.0% growth forecast for the industry in Belgium. 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 1% per year, which means it is significantly lagging earnings.Price Target Changed • Oct 14Price target increased to €72.00Up from €66.50, the current price target is provided by 1 analyst. New target price is 5.1% above last closing price of €68.50. Stock is up 28% over the past year.分析記事 • Jul 12We Think The Compensation For Retail Estates N.V.'s (EBR:RET) CEO Looks About RightDespite Retail Estates N.V.'s ( EBR:RET ) share price growing positively in the past few years, the per-share earnings...Reported Earnings • May 28Full year 2021 earnings released: EPS €4.86 (vs €4.70 in FY 2020)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: €100.9m (down 5.2% from FY 2020). Net income: €61.4m (up 5.7% from FY 2020). Profit margin: 61% (up from 55% in FY 2020). The increase in margin was driven by lower expenses. Net asset value (NAV) per share: €63.81 (flat on FY 2020). The current share price is 8.8% higher than NAV per share. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 4% per year.分析記事 • Mar 01Does Retail Estates N.V. (EBR:RET) Create Value For Shareholders?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 • Feb 23New 90-day high: €63.00The company is up 5.0% from its price of €60.00 on 25 November 2020. The Belgian market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is up 1.0% over the same period.分析記事 • Feb 02What Kind Of Investors Own Most Of Retail Estates N.V. (EBR:RET)?Every investor in Retail Estates N.V. ( EBR:RET ) should be aware of the most powerful shareholder groups. Institutions...Is New 90 Day High Low • Jan 11New 90-day high: €61.30The company is up 11% from its price of €55.00 on 13 October 2020. The Belgian market is also up 11% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the REITs industry, which is down 2.0% over the same period.分析記事 • Jan 07Our View On Retail Estates' (EBR:RET) CEO PayThis article will reflect on the compensation paid to Jan De Nys who has served as CEO of Retail Estates N.V. ( EBR:RET...分析記事 • Dec 09How Much Did Retail Estates'(EBR:RET) Shareholders Earn From Share Price Movements Over The Last Year?Retail Estates N.V. ( EBR:RET ) shareholders should be happy to see the share price up 17% in the last month. But that...Reported Earnings • Nov 22First half 2021 earnings released: EPS €1.95The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: €50.9m (down 2.4% from 1H 2020). Net income: €24.6m (up 12% from 1H 2020). Profit margin: 48% (up from 42% in 1H 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 5% per year.Is New 90 Day High Low • Oct 16New 90-day low: €50.90The company is down 17% from its price of €61.10 on 17 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 up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €81.81 per share.Is New 90 Day High Low • Sep 26New 90-day low: €52.40The company is down 13% from its price of €59.90 on 26 June 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 up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €81.26 per share.お知らせ • Jul 30Retail Estates N.V. (ENXTBR:RET) completed the acquisition of two retail properties at Libramont from a private investor.Retail Estates N.V. (ENXTBR:RET) reached an agreement to acquire two retail properties at Libramont from a private investor on June 12, 2019. This transaction is financed for an amount of €3.61 million by the issue of new shares at an issue price of €68.425 and will give rise to the issue of 52,758 shares, which will be issued by application of the authorised capital by the board of directors of Retail Estates NV, after having obtained the required prior consent of the FSMA. Retail Estates N.V. (ENXTBR:RET) completed the acquisition of two retail properties at Libramont from a private investor on July 22, 2019.業績と収益の成長予測ENXTBR:RET - アナリストの将来予測と過去の財務データ ( )EUR Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数3/31/2029158N/AN/AN/A13/31/20281579352N/A43/31/202715192-34N/A23/31/2026143123N/AN/AN/A12/31/2025143117N/AN/AN/A9/30/20251421128687N/A6/30/20251411099091N/A3/31/20251411079495N/A12/31/2024140929395N/A9/30/2024140789294N/A6/30/20241391018285N/A3/31/20241371237276N/A12/31/20231341427478N/A9/30/20231311617680N/A6/30/20231271718387N/A3/31/20231241819194N/A12/31/20221211878387N/A9/30/20221171947580N/A6/30/20221151637780N/A3/31/20221141327881N/A12/31/20211101067476N/A9/30/2021106816970N/A6/30/2021104716566N/A3/31/2021101616262N/A12/31/2020103616163N/A9/30/2020105616064N/A6/30/2020106595459N/A3/31/2020107584853N/A12/31/201910453N/A49N/A9/30/201910149N/A44N/A6/30/20199752N/A45N/A3/31/20199454N/A46N/A12/31/20189258N/AN/AN/A9/30/20188751N/A62N/A6/30/20188249N/A56N/A3/31/20187747N/A50N/A12/31/20177245N/AN/AN/A9/30/20177056N/A46N/A6/30/20176854N/A40N/A3/31/20176652N/A33N/A12/31/20166549N/AN/AN/A9/30/20166543N/A4N/A6/30/20166343N/A17N/A3/31/20166242N/A29N/A12/31/20155940N/A47N/A9/30/20155738N/A64N/A6/30/20155537N/A49N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: RETの収益は今後 3 年間で減少すると予測されています (年間-14.4% )。収益対市場: RETの収益は今後 3 年間で減少すると予測されています (年間-14.4% )。高成長収益: RETの収益は今後 3 年間で減少すると予測されています。収益対市場: RETの収益 ( 4% ) Belgian市場 ( 7% ) よりも低い成長が予測されています。高い収益成長: RETの収益 ( 4% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: RETの 自己資本利益率 は、3年後には低くなると予測されています ( 8.5 %)。成長企業の発掘7D1Y7D1Y7D1YReal-estate 業界の高成長企業。View Past Performance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2026/05/31 07:40終値2026/05/29 00:00収益2026/03/31年間収益2026/03/31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Retail Estates N.V. 4 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。5 アナリスト機関Vivien MaquetDegroof PetercamMichiel VereyckenING Groep NVGuy SipsKBC Securities NV2 その他のアナリストを表示
Price Target Changed • Oct 14Price target increased to €72.00Up from €66.50, the current price target is provided by 1 analyst. New target price is 5.1% above last closing price of €68.50. Stock is up 28% over the past year.
New Risk • May 24New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 34% 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 Risks Debt is not well covered by operating cash flow (10% operating cash flow to total debt). Earnings are forecast to decline by an average of 14% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results.
Reported Earnings • May 24Full year 2026 earnings releasedFull year 2026 results: Revenue: €143.1m (up 1.9% from FY 2025). Net income: €123.0m (up 15% from FY 2025). Profit margin: 86% (up from 76% in FY 2025). Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Retail REITs industry in Belgium.
New Risk • Apr 21New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 5.8% 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 (9.7% operating cash flow to total debt). Earnings are forecast to decline by an average of 5.8% per year for the foreseeable future.
Buy Or Sell Opportunity • Mar 23Now 21% undervaluedOver the last 90 days, the stock has risen 2.1% to €64.30. The fair value is estimated to be €81.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.3% over the last 3 years. Earnings per share has declined by 29%.
Buy Or Sell Opportunity • Jan 08Now 21% undervaluedThe stock has been flat over the last 90 days, currently trading at €62.90. The fair value is estimated to be €79.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.3% over the last 3 years. Earnings per share has declined by 29%.
お知らせ • Jan 04+ 1 more updateRetail Estates SA Announces Chief Executive Officer ChangesRetail Estates SA announced that Nicolas Beaussillon has assumed charge as the new Chief Executive Officer with effect from January 1, 2026. He takes over from Jan De Nys, who stepped down after reaching the age limit set in the company's corporate charter. The Board of Directors appointed Beaussillon as Managing Director and assigned him the role of Director on November 13, 2025. Jan De Nys will continue assisting Beaussillon on a part-time basis until March 31, 2026, following which he will be involved, on a full-time basis, with his other board mandates.
Buy Or Sell Opportunity • Dec 03Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 7.1% to €62.50. The fair value is estimated to be €78.75, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.3% over the last 3 years. Earnings per share has declined by 29%.
お知らせ • Oct 30Retail Estates N.V. to Report First Half, 2026 Results on Nov 14, 2025Retail Estates N.V. announced that they will report first half, 2026 results on Nov 14, 2025
お知らせ • Aug 29+ 1 more updateAB Sagax (publ) (OM:SAGA A) acquired 10.80% stake in Retail Estates N.V. (ENXTBR:RET) for SEK 1.2 billion.AB Sagax (publ) (OM:SAGA A) acquired 10.80% stake in Retail Estates N.V. (ENXTBR:RET) for SEK 1.2 billion in cash on August 29, 2025. AB Sagax (publ) (OM:SAGA A) completed the acquisition of 10.80% stake in Retail Estates N.V. (ENXTBR:RET) on August 29, 2025.
お知らせ • Jun 20Retail Estates N.V., Annual General Meeting, Jul 22, 2025Retail Estates N.V., Annual General Meeting, Jul 22, 2025, at 10:00 Romance Standard Time.
Declared Dividend • Jun 01Dividend of €3.57 announcedShareholders will receive a dividend of €3.57. Ex-date: 2nd June 2025 Payment date: 26th June 2025 Dividend yield will be 5.5%, which is lower than the industry average of 8.3%.
お知らせ • May 30Retail Estates N.V. announces Annual dividend, payable on June 26, 2025Retail Estates N.V. announced Annual dividend of EUR 3.5700 per share payable on June 26, 2025, ex-date on June 02, 2025 and record date on June 03, 2025.
Reported Earnings • May 28Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: €7.26 (down from €8.60 in FY 2024). Revenue: €140.6m (up 2.6% from FY 2024). Net income: €106.7m (down 13% from FY 2024). Profit margin: 76% (down from 90% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.3%. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 2.2% decline forecast for the Retail REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.
Board Change • Apr 17Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Léon Overhorst was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Buy Or Sell Opportunity • Jul 01Now 14% overvaluedOver the last 90 days, the stock has fallen 5.5% to €61.70. The fair value is estimated to be €54.11, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to decline by 18% in the next 2 years.
Buy Or Sell Opportunity • Jun 28Now 20% overvaluedOver the last 90 days, the stock has fallen 3.1% to €63.00. The fair value is estimated to be €52.40, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to decline by 18% in the next 2 years.
お知らせ • Jun 25+ 1 more updateRetail Estates N.V. to Report First Half, 2025 Results on Nov 18, 2024Retail Estates N.V. announced that they will report first half, 2025 results on Nov 18, 2024
Buy Or Sell Opportunity • Jun 18Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 6.7% to €65.00. The fair value is estimated to be €52.93, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to decline by 18% in the next 2 years.
New Risk • Jun 05New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 90% Last year net profit margin: 146% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (8.8% operating cash flow to total debt). Earnings are forecast to decline by an average of 11% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (90% net profit margin). Shareholders have been diluted in the past year (2.1% increase in shares outstanding).
お知らせ • Jun 02Retail Estates N.V., Annual General Meeting, Jul 22, 2024Retail Estates N.V., Annual General Meeting, Jul 22, 2024.
Buy Or Sell Opportunity • May 07Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 11% to €66.80. The fair value is estimated to be €55.57, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.6% over the last 3 years. Earnings per share has grown by 36%. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to decline by 39% in the next 2 years.
New Risk • Jan 24New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 22% 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 (9.3% operating cash flow to total debt). Earnings are forecast to decline by an average of 22% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.1% increase in shares outstanding).
Reported Earnings • Nov 24First half 2024 earnings released: EPS: €6.10 (vs €7.72 in 1H 2023)First half 2024 results: EPS: €6.10 (down from €7.72 in 1H 2023). Revenue: €66.6m (up 11% from 1H 2023). Net income: €86.6m (down 18% from 1H 2023). Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 2.7% decline forecast for the Retail REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
New Risk • Aug 01New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 28% 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 28% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (8.7% increase in shares outstanding).
お知らせ • Jun 21Retail Estates N.V., Annual General Meeting, Jul 24, 2023Retail Estates N.V., Annual General Meeting, Jul 24, 2023, at 10:00 Central European Standard Time. Location: Industrielaan 6, B-1740 Ternat Belgium Belgium Agenda: To discuss the annual report with regard to the statutory and consolidated annual accounts of the Company; to discuss the reports of the statutory auditor with regard to the statutory accounts of the Company; to discuss the consolidated annual accounts of the Company for the financial year; to Approval of the statutory annual accounts of the Company for the financial year; to approval of the remuneration report for the financial year; to discuss Discharge to the directors of the Company; and to discuss other matters.
Reported Earnings • May 28Full year 2023 earnings released: EPS: €12.99 (vs €10.23 in FY 2022)Full year 2023 results: EPS: €12.99 (up from €10.23 in FY 2022). Revenue: €123.9m (up 9.0% from FY 2022). Net income: €180.6m (up 37% from FY 2022). Revenue is forecast to grow 3.5% p.a. on average during the next 2 years, compared to a 2.8% decline forecast for the Retail REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Board Change • Mar 28Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 2 highly experienced directors. 3 independent directors (6 non-independent directors). Non-Executive Independent Director Ann Gaeremynck was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Nov 22First half 2023 earnings released: EPS: €7.72 (vs €3.49 in 1H 2022)First half 2023 results: EPS: €7.72 (up from €3.49 in 1H 2022). Revenue: €59.9m (up 6.3% from 1H 2022). Net income: €106.0m (up 140% from 1H 2022). Revenue is forecast to grow 4.3% p.a. on average during the next 2 years, compared to a 9.4% growth forecast for the REITs industry in Belgium. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 2 highly experienced directors. 3 independent directors (6 non-independent directors). Non-Executive Independent Director Ann Gaeremynck was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
お知らせ • Jun 16Retail Estates N.V., Annual General Meeting, Jul 18, 2022Retail Estates N.V., Annual General Meeting, Jul 18, 2022, at 10:00 Central European Standard Time. Agenda: To consider Acknowledgement of the annual report with regard to the statutory and consolidated annual accounts of the Company for the financial year that ended on 31 March 2022; to consider Acknowledgement of the reports of the statutory auditor with regard to the statutory accounts of the Company for the financial year that ended on 31 March 2022 and with regard to the consolidated annual accounts of the Company for the financial year that ended on 31 March 2022; to consider Acknowledgement of the consolidated annual accounts of the Company for the financial year that ended on 31 March 2022; to consider Presentation by the remuneration and nomination committee of the remuneration report for the financial year that ended on 31 March 2022 that forms a specific part of the corporate governance statement; to consider Approval of the statutory annual accounts of the Company for the financial year that ended on 31 March 2022 and allocation of the results; and other issues.
Valuation Update With 7 Day Price Move • Jun 13Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to €61.50, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the REITs industry in Belgium. Total loss to shareholders of 14% over the past three years.
Reported Earnings • May 25Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: €10.23 (up from €4.86 in FY 2021). Revenue: €113.7m (up 13% from FY 2021). Net income: €131.8m (up 115% from FY 2021). Revenue missed analyst estimates by 100%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 5.8% while the reits industry in Belgium is not expected to grow. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 3 highly experienced directors. 3 independent directors (6 non-independent directors). Non-Executive Independent Director Ann Gaeremynck was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Nov 24First half 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFirst half 2022 results: EPS: €3.49 (up from €1.95 in 1H 2021). Revenue: €56.3m (up 11% from 1H 2021). Net income: €44.2m (up 79% from 1H 2021). Profit margin: 79% (up from 48% in 1H 2021). The increase in margin was primarily driven by lower expenses. Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) exceeded analyst estimates by 25%. Earnings per share (EPS) surpassed analyst estimates by 25%. Over the next year, revenue is forecast to grow 10%, compared to a 3.0% growth forecast for the industry in Belgium. 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 1% per year, which means it is significantly lagging earnings.
Price Target Changed • Oct 14Price target increased to €72.00Up from €66.50, the current price target is provided by 1 analyst. New target price is 5.1% above last closing price of €68.50. Stock is up 28% over the past year.
分析記事 • Jul 12We Think The Compensation For Retail Estates N.V.'s (EBR:RET) CEO Looks About RightDespite Retail Estates N.V.'s ( EBR:RET ) share price growing positively in the past few years, the per-share earnings...
Reported Earnings • May 28Full year 2021 earnings released: EPS €4.86 (vs €4.70 in FY 2020)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: €100.9m (down 5.2% from FY 2020). Net income: €61.4m (up 5.7% from FY 2020). Profit margin: 61% (up from 55% in FY 2020). The increase in margin was driven by lower expenses. Net asset value (NAV) per share: €63.81 (flat on FY 2020). The current share price is 8.8% higher than NAV per share. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 4% per year.
分析記事 • Mar 01Does Retail Estates N.V. (EBR:RET) Create Value For Shareholders?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 • Feb 23New 90-day high: €63.00The company is up 5.0% from its price of €60.00 on 25 November 2020. The Belgian market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is up 1.0% over the same period.
分析記事 • Feb 02What Kind Of Investors Own Most Of Retail Estates N.V. (EBR:RET)?Every investor in Retail Estates N.V. ( EBR:RET ) should be aware of the most powerful shareholder groups. Institutions...
Is New 90 Day High Low • Jan 11New 90-day high: €61.30The company is up 11% from its price of €55.00 on 13 October 2020. The Belgian market is also up 11% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the REITs industry, which is down 2.0% over the same period.
分析記事 • Jan 07Our View On Retail Estates' (EBR:RET) CEO PayThis article will reflect on the compensation paid to Jan De Nys who has served as CEO of Retail Estates N.V. ( EBR:RET...
分析記事 • Dec 09How Much Did Retail Estates'(EBR:RET) Shareholders Earn From Share Price Movements Over The Last Year?Retail Estates N.V. ( EBR:RET ) shareholders should be happy to see the share price up 17% in the last month. But that...
Reported Earnings • Nov 22First half 2021 earnings released: EPS €1.95The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: €50.9m (down 2.4% from 1H 2020). Net income: €24.6m (up 12% from 1H 2020). Profit margin: 48% (up from 42% in 1H 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 5% per year.
Is New 90 Day High Low • Oct 16New 90-day low: €50.90The company is down 17% from its price of €61.10 on 17 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 up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €81.81 per share.
Is New 90 Day High Low • Sep 26New 90-day low: €52.40The company is down 13% from its price of €59.90 on 26 June 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 up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €81.26 per share.
お知らせ • Jul 30Retail Estates N.V. (ENXTBR:RET) completed the acquisition of two retail properties at Libramont from a private investor.Retail Estates N.V. (ENXTBR:RET) reached an agreement to acquire two retail properties at Libramont from a private investor on June 12, 2019. This transaction is financed for an amount of €3.61 million by the issue of new shares at an issue price of €68.425 and will give rise to the issue of 52,758 shares, which will be issued by application of the authorised capital by the board of directors of Retail Estates NV, after having obtained the required prior consent of the FSMA. Retail Estates N.V. (ENXTBR:RET) completed the acquisition of two retail properties at Libramont from a private investor on July 22, 2019.