Intervest Offices & Warehouses nv, (hereinafter Intervest), is a public regulated real estate company (RREC) founded in 1996 of which the shares are listed on Euronext Brussels (INTO) as from 1999.
Undervalued established dividend payer.
Share Price & News
How has Intervest Offices & Warehouses's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: INTO has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: INTO underperformed the Belgian REITs industry which returned 29.6% over the past year.
Return vs Market: INTO exceeded the Belgian Market which returned 14.3% over the past year.
Price Volatility Vs. Market
How volatile is Intervest Offices & Warehouses's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StDoes Intervest Offices & Warehouses nv's (EBR:INTO) CEO Pay Matter?
2 months ago | Simply Wall StRead This Before Buying Intervest Offices & Warehouses nv (EBR:INTO) For Its Dividend
3 months ago | Simply Wall StIf You Had Bought Intervest Offices & Warehouses (EBR:INTO) Stock Five Years Ago, You Could Pocket A 28% Gain Today
Is Intervest Offices & Warehouses undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: INTO (€26.2) is trading below our estimate of fair value (€39.85)
Significantly Below Fair Value: INTO is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: INTO is good value based on its PE Ratio (13.5x) compared to the REITs industry average (17.1x).
PE vs Market: INTO is good value based on its PE Ratio (13.5x) compared to the Belgian market (17.1x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate INTO's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: INTO is good value based on its PB Ratio (1.3x) compared to the BE REITs industry average (1.3x).
How is Intervest Offices & Warehouses forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if INTO's forecast earnings growth is above the savings rate (0.7%).
Earnings vs Market: Insufficient data to determine if INTO's earnings are forecast to grow faster than the Belgian market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: INTO's revenue (9.9% per year) is forecast to grow faster than the Belgian market (4.2% per year).
High Growth Revenue: INTO's revenue (9.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: INTO's Return on Equity is forecast to be low in 3 years time (12.5%).
How has Intervest Offices & Warehouses performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: INTO has high quality earnings.
Growing Profit Margin: INTO's current net profit margins (71.1%) are lower than last year (74.9%).
Past Earnings Growth Analysis
Earnings Trend: INTO's earnings have grown by 17.5% per year over the past 5 years.
Accelerating Growth: INTO's earnings growth over the past year (30.2%) exceeds its 5-year average (17.5% per year).
Earnings vs Industry: INTO earnings growth over the past year (30.2%) exceeded the REITs industry 13.6%.
Return on Equity
High ROE: INTO's Return on Equity (9.2%) is considered low.
Return on Assets
Return on Capital Employed
How is Intervest Offices & Warehouses's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: INTO has a high level of physical assets or inventory.
Debt Coverage by Assets: INTO's debt is not covered by short term assets (assets are 0.1x debt).
Financial Institutions Analysis
Asset Level: INTO's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if INTO has a sufficient allowance for bad loans.
Low Risk Liabilities: INTO reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if INTO has an acceptable proportion of non-loan assets held.
Low Risk Deposits: INTO has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if INTO has an appropriate level of bad loans.
What is Intervest Offices & Warehouses's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: INTO's dividend (5.34%) is higher than the bottom 25% of dividend payers in the Belgian market (2.03%).
High Dividend: INTO's dividend (5.34%) is in the top 25% of dividend payers in the Belgian market (4.39%)
Stability and Growth of Payments
Stable Dividend: INTO's dividends per share have been stable in the past 10 years.
Growing Dividend: INTO's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (44.4%), INTO's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: INTO's dividends in 3 years are forecast to be covered by earnings (87.7% payout ratio).
What is the CEO of Intervest Offices & Warehouses's salary, the management and board of directors tenure and is there insider trading?
Average management tenure
Intervest Offices & Warehouses has no CEO, or we have no data on them.
Management Age and Tenure
Experienced Management: INTO's management team is considered experienced (3.1 years average tenure).
Board Age and Tenure
Experienced Board: INTO's board of directors are considered experienced (3.8 years average tenure).
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 27.8%.
CFO & Compliance Officer
- Tenure: 13.8yrs
- Compensation: €334.00k
Head of Warehouses
- Tenure: 2.6yrs
Chief Investment Officer & Head of Warehouses
- Tenure: 3.7yrs
- Compensation: €278.00k
Stijn Van den Abbeele
- Tenure: 2.6yrs
Investors Relations Assistant
Johan Buijs (54yo)
- Tenure: 8.3yrs
Jean-Pierre Blumberg (62yo)
Independent Chairman of the Board
- Tenure: 3.8yrs
Chris Peeters (59yo)
- Tenure: 12yrs
Jacqueline de Rijk-Heeren (67yo)
- Tenure: 3.8yrs
Marleen Willekens (54yo)
- Tenure: 3.8yrs
Gunther Gielen (46yo)
- Tenure: 3.8yrs
Intervest Offices & Warehouses nv's company bio, employee growth, exchange listings and data sources
- Name: Intervest Offices & Warehouses nv
- Ticker: INTO
- Exchange: ENXTBR
- Founded: 1996
- Industry: Office REITs
- Sector: Real Estate
- Market Cap: €664.506m
- Shares outstanding: 24.66m
- Website: https://www.intervest.be
Number of Employees
- Intervest Offices & Warehouses nv
- Uitbreidingstraat 66
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|IJY||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Mar 1999|
|INTO||ENXTBR (Euronext Brussels)||Yes||Ordinary Shares||BE||EUR||Mar 1999|
|0MTK||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||EUR||Mar 1999|
|INTOB||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||EUR||Mar 1999|
Intervest Offices & Warehouses nv, (hereinafter Intervest), is a public regulated real estate company (RREC) founded in 1996 of which the shares are listed on Euronext Brussels (INTO) as from 1999. Intervest invests in high-quality Belgian office buildings and logistics properties that are leased to first-class tenants. The properties in which Intervest invests, consist primarily of up-to-date buildings that are strategically located in the city centre and outside municipal centres. The offices of the real estate portfolio are situated in and around centre cities such as Antwerp, Mechelen, Brussels and Leuven; the logistics properties are located on the Antwerp - Brussels - Nivelles, Antwerp - Limburg - Liège, and Antwerp - Ghent - Lille axes and concentrated in the Netherlands on the Moerdijk - ‘s Hertogenbosch - Nijmegen and Bergen-op-zoom - Eindhoven - Venlo axes. Intervest distinguishes itself when leasing space by offering more than square metres only. The company goes beyond real estate by offering ‘turn-key solutions’ (a tailor-made global solution for and with the customer), extensive services provisioning, coworking and serviced offices.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/01/19 20:58|
|End of Day Share Price||2020/01/17 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.