View ValuationNextensa/SA 将来の成長Future 基準チェック /36Nextensa/SA利益と収益がそれぞれ年間5.1%と20.3%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に8.5% 38%なると予測されています。主要情報5.1%収益成長率38.01%EPS成長率REITs 収益成長12.0%収益成長率20.3%将来の株主資本利益率8.51%アナリストカバレッジLow最終更新日04 Jun 2026今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesお知らせ • Jun 05Nextensa Announces Reservation Of 196 Residential Units at Bel Towers by VicinityNextensa announced that Vicinity Affordable Housing Fund has reserved 196 homes within the Bel Towers project. Developed by Nextensa on the site of the former Proximus towers, Bel Towers is a major urban regeneration project totalling 122,000 m². Located in the heart of Brussels’ North district, the project will combine housing, offices, retail and community facilities within a sustainable, connected environment that is open to the city. The residential component covers approximately 48,000 m² and will comprise 439 residential units, making a significant contribution to strengthening the housing supply in a rapidly evolving neighbourhood. Bel Towers will play an active role in the transformation of this major urban hub. Vicinity’s reservation of 196 residential units marks a significant step forward in the project’s realisation and demonstrates the growing interest in urban developments that combine quality of life, sustainability and accessibility.Board Change • Jun 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 3 highly experienced directors. Independent Non-Executive Director of Leasinvest Real Estate Management SA Jo De Wolf was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.お知らせ • May 21+ 1 more updateNextensa NV/SA to Report Q3, 2026 Results on Nov 18, 2026Nextensa NV/SA announced that they will report Q3, 2026 results on Nov 18, 2026お知らせ • May 20Nextensa NV/SA Approves Gross Dividend, Payable on May 21, 2026Nextensa NV/SA at its annual general meeting held on 18 May 2026, approved to distribute a gross dividend of EUR 1.00 per share. After deduction of the withholding tax, the net dividend amounts to EUR 0.70 per share. The shares will be traded ex-coupon as from May 19, 2026. The record date is set for May 20, 2026. The dividend will be payable on May 21, 2026.お知らせ • Feb 12Nextensa Nv/Sa Proposes to Distribute A Dividend PaymentNextensa NV/SA proposed to the ordinary general meeting of shareholders to distribute a dividend of €1.00 per share.お知らせ • Aug 29An undisclosed buyer acquired 8.99% stake in Retail Estates N.V. (ENXTBR:RET) from Nextensa NV/SA (ENXTBR:NEXTA) for €88 million.An undisclosed buyer acquired 8.99% stake in Retail Estates N.V. (ENXTBR:RET) from Nextensa NV/SA (ENXTBR:NEXTA) for €88 million on August 28, 2025. A cash consideration valued at €66.3 per share will be paid by the buyer. As part of consideration, an undisclosed value is paid towards common equity of Retail Estates N.V. An undisclosed buyer completed the acquisition of 8.99% stake in Retail Estates N.V. (ENXTBR:RET) from Nextensa NV/SA (ENXTBR:NEXTA) on August 28, 2025.お知らせ • Apr 04Nextensa NV/SA (ENXTBR:NEXTA) signed an agreement to acquire Two office Towers of Proximus PLC from Proximus PLC (ENXTBR:PROX) for €62.5 million.Nextensa NV/SA (ENXTBR:NEXTA) signed an agreement to acquire Two office Towers of Proximus PLC from Proximus PLC (ENXTBR:PROX) for €62.5 million on April 2, 2025. A cash consideration of €62.5 million will be paid by Nextensa NV/SA. As part of consideration, €62.5 million is paid towards assets of Two office Towers of Proximus PLC.お知らせ • Feb 14+ 1 more updateWereldhave N.V. (ENXTAM:WHA) acquired Knauf Shopping Center in Schmiede from Nextensa NV/SA (ENXTBR:NEXTA) for €63.4 million.Wereldhave N.V. (ENXTAM:WHA) reached an agreement to acquire Knauf Shopping Center in Schmiede from Nextensa NV/SA (ENXTBR:NEXTA) for €63.4 million on February 13, 2025. The consideration consists of issue of 2,206,838 new ordinary Wereldhave shares and €28 million in cash. In a separate transaction, Wereldhave Belgium (ENXTBR:WEHB) reached an agreement to acquire Knauf Shopping Center in Pommerloch from Nextensa NV/SA (ENXTBR:NEXTA). The total purchase price for the two centers amounts to €167 million. The cash consideration of €28 million will be financed from existing credit facilities. Wereldhave N.V. (ENXTAM:WHA) completed the acquisition of Knauf Shopping Center in Schmiede from Nextensa NV/SA (ENXTBR:NEXTA) on February 13, 2025.Reported Earnings • Aug 19First half 2024 earnings released: EPS: €1.39 (vs €1.71 in 1H 2023)First half 2024 results: EPS: €1.39 (down from €1.71 in 1H 2023). Revenue: €65.1m (up 7.4% from 1H 2023). Net income: €14.1m (down 18% from 1H 2023). Profit margin: 22% (down from 28% in 1H 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.Buy Or Sell Opportunity • Aug 03Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 13% to €41.05. The fair value is estimated to be €51.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Earnings per share has declined by 11%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 29% per annum over the same time period.お知らせ • May 22+ 1 more updateNextensa NV/SA to Report Fiscal Year 2024 Final Results on Mar 28, 2025Nextensa NV/SA announced that they will report fiscal year 2024 final results on Mar 28, 2025Upcoming Dividend • May 16Upcoming dividend of €1.05 per shareEligible shareholders must have bought the stock before 23 May 2024. Payment date: 27 May 2024. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (6.0%).Declared Dividend • Mar 04Dividend of €1.05 announcedShareholders will receive a dividend of €1.05. Ex-date: 23rd May 2024 Payment date: 27th May 2024 Dividend yield will be 2.4%, which is lower than the industry average of 5.4%.お知らせ • Feb 22+ 1 more updateNextensa NV/SA to Report Q3, 2024 Results on Nov 14, 2024Nextensa NV/SA announced that they will report Q3, 2024 results on Nov 14, 2024Reported Earnings • Feb 22Full year 2023 earnings releasedFull year 2023 results: Revenue: €111.2m (down 33% from FY 2022). Net income: €24.5m (down 66% from FY 2022). Profit margin: 22% (down from 43% in FY 2022). Revenue is forecast to grow 27% p.a. on average during the next 2 years, while revenues in the REITs industry in Europe are expected to remain flat.お知らせ • Oct 27Luxembourg acquired Darwin II office building from Promobe SA and Nextensa NV/SA (ENXTBR:NEXTA).Luxembourg acquired Darwin II office building from Promobe SA and Nextensa NV/SA (ENXTBR:NEXTA) on October 25, 2023.Luxembourg completed the acquisition of Darwin II office building from Promobe SA and Nextensa NV/SA (ENXTBR:NEXTA) on October 25, 2023.お知らせ • Aug 23Nextensa NV/SA (ENXTBR:NEXTA) acquired Montoyer 24 from Fedustria.Nextensa NV/SA (ENXTBR:NEXTA) acquired Montoyer 24 from Fedustria on August 22, 2023.Nextensa NV/SA (ENXTBR:NEXTA) complete the acquisition of Montoyer 24 from Fedustria on August 22, 2023.Reported Earnings • Aug 20First half 2023 earnings released: EPS: €1.71 (vs €3.08 in 1H 2022)First half 2023 results: EPS: €1.71 (down from €3.08 in 1H 2022). Revenue: €60.6m (down 8.2% from 1H 2022). Net income: €17.1m (down 44% from 1H 2022). Profit margin: 28% (down from 47% in 1H 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, while revenues in the REITs industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.New Risk • Aug 18New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 109% Cash payout ratio: 122% Dividend yield: 5.9% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (3.5% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 109% Cash payout ratio: 122%お知らせ • Aug 18+ 1 more updateNextensa NV/SA, Annual General Meeting, May 21, 2024Nextensa NV/SA, Annual General Meeting, May 21, 2024.Board Change • May 18Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director of Leasinvest Real Estate Management SA Sigrid Hermans was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • May 16Nextensa NV/SA to Report Fiscal Year 2023 Results on Mar 29, 2024Nextensa NV/SA announced that they will report fiscal year 2023 results on Mar 29, 2024Upcoming Dividend • May 11Upcoming dividend of €1.82 per share at 5.5% yieldEligible shareholders must have bought the stock before 18 May 2023. Payment date: 22 May 2023. Trailing yield: 5.5%. Within top quartile of German dividend payers (4.7%). In line with average of industry peers (5.2%).Reported Earnings • Feb 17Full year 2022 earnings releasedFull year 2022 results: Revenue: €148.5m (up 60% from FY 2021). Net income: €71.3m (up 34% from FY 2021). Profit margin: 48% (down from 57% in FY 2021). The decrease in margin was driven by higher expenses.お知らせ • Feb 16+ 5 more updatesNextensa to Report Fiscal Year 2023 Results on Feb 14, 2024Nextensa announced that they will report fiscal year 2023 results on Feb 14, 2024Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. Independent Director of Leasinvest Real Estate Management SA Marcia De Wachter was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Oct 03Investor sentiment improved over the past weekAfter last week's 17% share price gain to €52.20, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 7x in the REITs industry in Europe. Total loss to shareholders of 51% over the past three years.Reported Earnings • Aug 19First half 2022 earnings released: EPS: €3.08 (vs €4.72 in 1H 2021)First half 2022 results: EPS: €3.08. Revenue: €57.4m (up 94% from 1H 2021). Net income: €30.8m (up 10.0% from 1H 2021). Profit margin: 54% (down from 95% in 1H 2021).Valuation Update With 7 Day Price Move • Jul 07Investor sentiment improved over the past weekAfter last week's 16% share price gain to €60.30, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 10x in the REITs industry in Europe. Total loss to shareholders of 32% over the past three years.Board Change • Jun 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. Independent Director of Leasinvest Real Estate Management SA Marcia De Wachter was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Upcoming Dividend • May 12Upcoming dividend of €1.75 per shareEligible shareholders must have bought the stock before 19 May 2022. Payment date: 24 May 2022. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (4.2%). Lower than average of industry peers (4.4%).Reported Earnings • Apr 06Full year 2021 earnings released: EPS: €6.85 (vs €1.30 in FY 2020)Full year 2021 results: EPS: €6.85 (up from €1.30 in FY 2020). Revenue: €93.0m (up 79% from FY 2020). Net income: €53.2m (up €45.6m from FY 2020). Profit margin: 57% (up from 15% in FY 2020). Net asset value (NAV) per share: €79.03 (down 3.9% from FY 2020). The current share price is 11% lower than NAV per share. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings.Reported Earnings • Feb 22Full year 2021 earnings: Revenues in line with analyst expectationsFull year 2021 results: Revenue: €55.9m (down 6.5% from FY 2020). Net income: €53.2m (up €45.6m from FY 2020). Profit margin: 95% (up from 13% in FY 2020). Revenue was in line with analyst estimates.Reported Earnings • Aug 23First half 2021 earnings released: EPS €4.72 (vs €5.18 loss in 1H 2020)The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €29.6m (up 5.2% from 1H 2020). Net income: €28.0m (up €58.7m from 1H 2020). Profit margin: 95% (up from net loss in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.Upcoming Dividend • May 13Upcoming dividend of €3.68 per shareEligible shareholders must have bought the stock before 20 May 2021. Payment date: 25 May 2021. Trailing yield: 6.6%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (3.6%).Reported Earnings • Apr 07Full year 2020 earnings released: EPS €1.30 (vs €8.42 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €59.8m (down 5.3% from FY 2019). Net income: €7.68m (down 85% from FY 2019). Profit margin: 13% (down from 79% in FY 2019). Net asset value (NAV) per share: €82.20 (down 1.1% from FY 2019). The current share price is 11% lower than NAV per share. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.Reported Earnings • Feb 14Full year 2020 earnings released: EPS €1.30 (vs €8.42 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €59.8m (down 5.3% from FY 2019). Net income: €7.68m (down 85% from FY 2019). Profit margin: 13% (down from 79% in FY 2019). Net asset value (NAV) per share: €82.20 (down 1.1% from FY 2019). The current share price is 11% lower than NAV per share. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Feb 14New 90-day low: €73.40The company is down 5.0% from its price of €77.60 on 16 November 2020. The German market is up 11% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the REITs industry, which is down 8.0% over the same period.Analyst Estimate Surprise Post Earnings • Feb 14Revenue misses expectationsRevenue missed analyst estimates by 0.8%. Over the next year, revenue is forecast to grow 14%, compared to a 60% growth forecast for the REITs industry in Germany.Is New 90 Day High Low • Oct 12New 90-day low: €77.20The company is down 11% from its price of €86.80 on 14 July 2020. The German 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 down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €147 per share.業績と収益の成長予測DB:L3R - 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12/31/202818439-148-80212/31/202716933-177-109212/31/20268434-4722212/31/202511833-82-81N/A9/30/202511514-91-90N/A6/30/2025111-5-99-99N/A3/31/2025118-8-48-48N/A12/31/2024125-1123N/A9/30/2024125524N/A6/30/20241252125N/A3/31/20241222336N/A12/31/20231202436N/A9/30/202314041N/AN/AN/A6/30/20231595823N/A3/31/2023162642123N/A12/31/2022165714143N/A9/30/202214764N/AN/AN/A6/30/2022129569398N/A3/31/2022109558992N/A12/31/202190538487N/A9/30/202171607072N/A6/30/202152665657N/A3/31/202152375556N/A12/31/20205285455N/A9/30/202056-1N/AN/AN/A6/30/202060-65252N/A3/31/202062224949N/A12/31/201963504545N/A9/30/20196151N/AN/AN/A6/30/20195844N/A49N/A3/31/20195641N/A43N/A12/31/20185438N/A37N/A9/30/20185443N/AN/AN/A6/30/20185452N/A24N/A3/31/20185450N/A33N/A12/31/20175448N/A41N/A9/30/20175439N/A39N/A6/30/20175430N/A36N/A3/31/20175430N/A36N/A12/31/20165429N/A35N/A9/30/20165331N/A48N/A6/30/20165132N/A60N/A3/31/20165031N/A58N/A12/31/20154831N/A56N/A9/30/20154932N/A47N/A6/30/20154933N/A37N/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: L3Rの予測収益成長率 (年間5.1% ) は 貯蓄率 ( 1.9% ) を上回っています。収益対市場: L3Rの収益 ( 5.1% ) German市場 ( 17.1% ) よりも低い成長が予測されています。高成長収益: L3Rの収益は増加すると予測されていますが、大幅には増加しません。収益対市場: L3Rの収益 ( 20.3% ) German市場 ( 6.7% ) よりも速いペースで成長すると予測されています。高い収益成長: L3Rの収益 ( 20.3% ) 20%よりも速いペースで成長すると予測されています。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: L3R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2026/06/22 13:06終値2026/06/19 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この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、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Nextensa NV/SA 2 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。5 アナリスト機関Joël GorseléDegroof PetercamMarc ZwartsenburgING Groep NVGuy SipsKBC Securities NV2 その他のアナリストを表示
お知らせ • Jun 05Nextensa Announces Reservation Of 196 Residential Units at Bel Towers by VicinityNextensa announced that Vicinity Affordable Housing Fund has reserved 196 homes within the Bel Towers project. Developed by Nextensa on the site of the former Proximus towers, Bel Towers is a major urban regeneration project totalling 122,000 m². Located in the heart of Brussels’ North district, the project will combine housing, offices, retail and community facilities within a sustainable, connected environment that is open to the city. The residential component covers approximately 48,000 m² and will comprise 439 residential units, making a significant contribution to strengthening the housing supply in a rapidly evolving neighbourhood. Bel Towers will play an active role in the transformation of this major urban hub. Vicinity’s reservation of 196 residential units marks a significant step forward in the project’s realisation and demonstrates the growing interest in urban developments that combine quality of life, sustainability and accessibility.
Board Change • Jun 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 3 highly experienced directors. Independent Non-Executive Director of Leasinvest Real Estate Management SA Jo De Wolf was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
お知らせ • May 21+ 1 more updateNextensa NV/SA to Report Q3, 2026 Results on Nov 18, 2026Nextensa NV/SA announced that they will report Q3, 2026 results on Nov 18, 2026
お知らせ • May 20Nextensa NV/SA Approves Gross Dividend, Payable on May 21, 2026Nextensa NV/SA at its annual general meeting held on 18 May 2026, approved to distribute a gross dividend of EUR 1.00 per share. After deduction of the withholding tax, the net dividend amounts to EUR 0.70 per share. The shares will be traded ex-coupon as from May 19, 2026. The record date is set for May 20, 2026. The dividend will be payable on May 21, 2026.
お知らせ • Feb 12Nextensa Nv/Sa Proposes to Distribute A Dividend PaymentNextensa NV/SA proposed to the ordinary general meeting of shareholders to distribute a dividend of €1.00 per share.
お知らせ • Aug 29An undisclosed buyer acquired 8.99% stake in Retail Estates N.V. (ENXTBR:RET) from Nextensa NV/SA (ENXTBR:NEXTA) for €88 million.An undisclosed buyer acquired 8.99% stake in Retail Estates N.V. (ENXTBR:RET) from Nextensa NV/SA (ENXTBR:NEXTA) for €88 million on August 28, 2025. A cash consideration valued at €66.3 per share will be paid by the buyer. As part of consideration, an undisclosed value is paid towards common equity of Retail Estates N.V. An undisclosed buyer completed the acquisition of 8.99% stake in Retail Estates N.V. (ENXTBR:RET) from Nextensa NV/SA (ENXTBR:NEXTA) on August 28, 2025.
お知らせ • Apr 04Nextensa NV/SA (ENXTBR:NEXTA) signed an agreement to acquire Two office Towers of Proximus PLC from Proximus PLC (ENXTBR:PROX) for €62.5 million.Nextensa NV/SA (ENXTBR:NEXTA) signed an agreement to acquire Two office Towers of Proximus PLC from Proximus PLC (ENXTBR:PROX) for €62.5 million on April 2, 2025. A cash consideration of €62.5 million will be paid by Nextensa NV/SA. As part of consideration, €62.5 million is paid towards assets of Two office Towers of Proximus PLC.
お知らせ • Feb 14+ 1 more updateWereldhave N.V. (ENXTAM:WHA) acquired Knauf Shopping Center in Schmiede from Nextensa NV/SA (ENXTBR:NEXTA) for €63.4 million.Wereldhave N.V. (ENXTAM:WHA) reached an agreement to acquire Knauf Shopping Center in Schmiede from Nextensa NV/SA (ENXTBR:NEXTA) for €63.4 million on February 13, 2025. The consideration consists of issue of 2,206,838 new ordinary Wereldhave shares and €28 million in cash. In a separate transaction, Wereldhave Belgium (ENXTBR:WEHB) reached an agreement to acquire Knauf Shopping Center in Pommerloch from Nextensa NV/SA (ENXTBR:NEXTA). The total purchase price for the two centers amounts to €167 million. The cash consideration of €28 million will be financed from existing credit facilities. Wereldhave N.V. (ENXTAM:WHA) completed the acquisition of Knauf Shopping Center in Schmiede from Nextensa NV/SA (ENXTBR:NEXTA) on February 13, 2025.
Reported Earnings • Aug 19First half 2024 earnings released: EPS: €1.39 (vs €1.71 in 1H 2023)First half 2024 results: EPS: €1.39 (down from €1.71 in 1H 2023). Revenue: €65.1m (up 7.4% from 1H 2023). Net income: €14.1m (down 18% from 1H 2023). Profit margin: 22% (down from 28% in 1H 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.
Buy Or Sell Opportunity • Aug 03Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 13% to €41.05. The fair value is estimated to be €51.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Earnings per share has declined by 11%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 29% per annum over the same time period.
お知らせ • May 22+ 1 more updateNextensa NV/SA to Report Fiscal Year 2024 Final Results on Mar 28, 2025Nextensa NV/SA announced that they will report fiscal year 2024 final results on Mar 28, 2025
Upcoming Dividend • May 16Upcoming dividend of €1.05 per shareEligible shareholders must have bought the stock before 23 May 2024. Payment date: 27 May 2024. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (6.0%).
Declared Dividend • Mar 04Dividend of €1.05 announcedShareholders will receive a dividend of €1.05. Ex-date: 23rd May 2024 Payment date: 27th May 2024 Dividend yield will be 2.4%, which is lower than the industry average of 5.4%.
お知らせ • Feb 22+ 1 more updateNextensa NV/SA to Report Q3, 2024 Results on Nov 14, 2024Nextensa NV/SA announced that they will report Q3, 2024 results on Nov 14, 2024
Reported Earnings • Feb 22Full year 2023 earnings releasedFull year 2023 results: Revenue: €111.2m (down 33% from FY 2022). Net income: €24.5m (down 66% from FY 2022). Profit margin: 22% (down from 43% in FY 2022). Revenue is forecast to grow 27% p.a. on average during the next 2 years, while revenues in the REITs industry in Europe are expected to remain flat.
お知らせ • Oct 27Luxembourg acquired Darwin II office building from Promobe SA and Nextensa NV/SA (ENXTBR:NEXTA).Luxembourg acquired Darwin II office building from Promobe SA and Nextensa NV/SA (ENXTBR:NEXTA) on October 25, 2023.Luxembourg completed the acquisition of Darwin II office building from Promobe SA and Nextensa NV/SA (ENXTBR:NEXTA) on October 25, 2023.
お知らせ • Aug 23Nextensa NV/SA (ENXTBR:NEXTA) acquired Montoyer 24 from Fedustria.Nextensa NV/SA (ENXTBR:NEXTA) acquired Montoyer 24 from Fedustria on August 22, 2023.Nextensa NV/SA (ENXTBR:NEXTA) complete the acquisition of Montoyer 24 from Fedustria on August 22, 2023.
Reported Earnings • Aug 20First half 2023 earnings released: EPS: €1.71 (vs €3.08 in 1H 2022)First half 2023 results: EPS: €1.71 (down from €3.08 in 1H 2022). Revenue: €60.6m (down 8.2% from 1H 2022). Net income: €17.1m (down 44% from 1H 2022). Profit margin: 28% (down from 47% in 1H 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, while revenues in the REITs industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.
New Risk • Aug 18New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 109% Cash payout ratio: 122% Dividend yield: 5.9% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (3.5% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 109% Cash payout ratio: 122%
お知らせ • Aug 18+ 1 more updateNextensa NV/SA, Annual General Meeting, May 21, 2024Nextensa NV/SA, Annual General Meeting, May 21, 2024.
Board Change • May 18Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director of Leasinvest Real Estate Management SA Sigrid Hermans was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • May 16Nextensa NV/SA to Report Fiscal Year 2023 Results on Mar 29, 2024Nextensa NV/SA announced that they will report fiscal year 2023 results on Mar 29, 2024
Upcoming Dividend • May 11Upcoming dividend of €1.82 per share at 5.5% yieldEligible shareholders must have bought the stock before 18 May 2023. Payment date: 22 May 2023. Trailing yield: 5.5%. Within top quartile of German dividend payers (4.7%). In line with average of industry peers (5.2%).
Reported Earnings • Feb 17Full year 2022 earnings releasedFull year 2022 results: Revenue: €148.5m (up 60% from FY 2021). Net income: €71.3m (up 34% from FY 2021). Profit margin: 48% (down from 57% in FY 2021). The decrease in margin was driven by higher expenses.
お知らせ • Feb 16+ 5 more updatesNextensa to Report Fiscal Year 2023 Results on Feb 14, 2024Nextensa announced that they will report fiscal year 2023 results on Feb 14, 2024
Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. Independent Director of Leasinvest Real Estate Management SA Marcia De Wachter was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Oct 03Investor sentiment improved over the past weekAfter last week's 17% share price gain to €52.20, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 7x in the REITs industry in Europe. Total loss to shareholders of 51% over the past three years.
Reported Earnings • Aug 19First half 2022 earnings released: EPS: €3.08 (vs €4.72 in 1H 2021)First half 2022 results: EPS: €3.08. Revenue: €57.4m (up 94% from 1H 2021). Net income: €30.8m (up 10.0% from 1H 2021). Profit margin: 54% (down from 95% in 1H 2021).
Valuation Update With 7 Day Price Move • Jul 07Investor sentiment improved over the past weekAfter last week's 16% share price gain to €60.30, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 10x in the REITs industry in Europe. Total loss to shareholders of 32% over the past three years.
Board Change • Jun 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. Independent Director of Leasinvest Real Estate Management SA Marcia De Wachter was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • May 12Upcoming dividend of €1.75 per shareEligible shareholders must have bought the stock before 19 May 2022. Payment date: 24 May 2022. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (4.2%). Lower than average of industry peers (4.4%).
Reported Earnings • Apr 06Full year 2021 earnings released: EPS: €6.85 (vs €1.30 in FY 2020)Full year 2021 results: EPS: €6.85 (up from €1.30 in FY 2020). Revenue: €93.0m (up 79% from FY 2020). Net income: €53.2m (up €45.6m from FY 2020). Profit margin: 57% (up from 15% in FY 2020). Net asset value (NAV) per share: €79.03 (down 3.9% from FY 2020). The current share price is 11% lower than NAV per share. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Feb 22Full year 2021 earnings: Revenues in line with analyst expectationsFull year 2021 results: Revenue: €55.9m (down 6.5% from FY 2020). Net income: €53.2m (up €45.6m from FY 2020). Profit margin: 95% (up from 13% in FY 2020). Revenue was in line with analyst estimates.
Reported Earnings • Aug 23First half 2021 earnings released: EPS €4.72 (vs €5.18 loss in 1H 2020)The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €29.6m (up 5.2% from 1H 2020). Net income: €28.0m (up €58.7m from 1H 2020). Profit margin: 95% (up from net loss in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • May 13Upcoming dividend of €3.68 per shareEligible shareholders must have bought the stock before 20 May 2021. Payment date: 25 May 2021. Trailing yield: 6.6%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (3.6%).
Reported Earnings • Apr 07Full year 2020 earnings released: EPS €1.30 (vs €8.42 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €59.8m (down 5.3% from FY 2019). Net income: €7.68m (down 85% from FY 2019). Profit margin: 13% (down from 79% in FY 2019). Net asset value (NAV) per share: €82.20 (down 1.1% from FY 2019). The current share price is 11% lower than NAV per share. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
Reported Earnings • Feb 14Full year 2020 earnings released: EPS €1.30 (vs €8.42 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €59.8m (down 5.3% from FY 2019). Net income: €7.68m (down 85% from FY 2019). Profit margin: 13% (down from 79% in FY 2019). Net asset value (NAV) per share: €82.20 (down 1.1% from FY 2019). The current share price is 11% lower than NAV per share. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Feb 14New 90-day low: €73.40The company is down 5.0% from its price of €77.60 on 16 November 2020. The German market is up 11% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the REITs industry, which is down 8.0% over the same period.
Analyst Estimate Surprise Post Earnings • Feb 14Revenue misses expectationsRevenue missed analyst estimates by 0.8%. Over the next year, revenue is forecast to grow 14%, compared to a 60% growth forecast for the REITs industry in Germany.
Is New 90 Day High Low • Oct 12New 90-day low: €77.20The company is down 11% from its price of €86.80 on 14 July 2020. The German 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 down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €147 per share.