View ValuationRetail Estates 향후 성장Future 기준 점검 0/6Retail Estates 의 수익은 연간 5.8% 감소할 것으로 예상되는 반면, 연간 수익은 3.6% 로 증가할 것으로 예상됩니다. EPS는 연간 6.3% 만큼 쇠퇴할 것으로 예상됩니다. 자기자본이익률은 3년 후 8.2% 로 예상됩니다.핵심 정보-5.8%이익 성장률-6.32%EPS 성장률Retail REITs 이익 성장7.2%매출 성장률3.6%향후 자기자본이익률8.21%애널리스트 커버리지Low마지막 업데이트22 May 2026최근 향후 성장 업데이트Price 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.모든 업데이트 보기Recent updatesNew 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%.공시 • 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%.공시 • 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, 2025공시 • 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.공시 • 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%.공시 • 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.공시 • 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).공시 • 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).공시 • 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.공시 • 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.분석 기사 • 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.분석 기사 • 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.분석 기사 • 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.분석 기사 • 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...분석 기사 • 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.공시 • 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.이익 및 매출 성장 예측ENXTBR:RET - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수3/31/2029158N/AN/AN/A13/31/202815793529343/31/202715192-349143/31/202614592408749/30/20251421128687N/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/A12/31/2019104534549N/A9/30/2019101494244N/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/A더 보기애널리스트 향후 성장 전망수입 대 저축률: RET 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -5.8%).수익 vs 시장: RET 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -5.8%).고성장 수익: RET 의 수익은 향후 3년간 감소할 것으로 예상됩니다.수익 대 시장: RET 의 수익(연간 3.6%)이 Belgian 시장(연간 6.6%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: RET 의 수익(연간 3.6%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: RET의 자본 수익률은 3년 후 8.2%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YReal-estate 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/22 06:10종가2026/05/22 00:00수익2025/09/30연간 수익2025/03/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Retail Estates N.V.는 6명의 분석가가 다루고 있습니다. 이 중 4명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Vivien MaquetDegroof PetercamFrancesca FerraginaING Groep NVMichiel VereyckenING Groep NV3명의 분석가 더 보기
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 • 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%.
공시 • 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%.
공시 • 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
공시 • 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.
공시 • 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%.
공시 • 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.
공시 • 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).
공시 • 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).
공시 • 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.
공시 • 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.
분석 기사 • 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.
분석 기사 • 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.
분석 기사 • 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.
분석 기사 • 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...
분석 기사 • 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.
공시 • 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.