Announcement • May 22
CTP N.V. Approves Final Dividend for the Financial Year 2025, Payable on June 12, 2026 CTP N.V. at The Annual General Meeting held on May 20, 2026 approved a final dividend of €0.32 per ordinary share for the financial year 2025. The total 2025 dividend amounts to €0.63 per ordinary share, which equates a Company specific adjusted EPRA EPS pay-out of 74%. Ex-dividend before opening of business: 22 May 2026. Record date dividend at close of business: 25 May 2026. Start election period stock or cash dividend: 26 May 2026 . End election period: 8 June 2026 including . Payment date dividend (cash and new shares): 12 June 2026 . Upcoming Dividend • May 20
Upcoming dividend of €0.32 per share Eligible shareholders must have bought the stock before 26 May 2026. Payment date: 08 June 2026. Payout ratio is a comfortable 28% but the company is paying out more than the cash it is generating. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (4.5%). In line with average of industry peers (3.9%). Announcement • Jan 20
CTP N.V. Appoints Rob Jones As Head Of Investor Relations And Public Relations CTP N.V. has appointed Rob Jones as Head of Investor Relations and Public Relations. Rob Jones joins CTP as Head of Investor Relations and PR, having previously led the European Real Estate Equity Research team at BNP Paribas. Rob will be working closely with Group CFO Richard Wilkinson and Maarten Otte, and will be actively travelling to meet existing and new investors. Announcement • Nov 30
CTP N.V. (ENXTAM:CTPNV) acquired Valtidone Logistic Development Srl from FBH S.p.A. for approximately €240 million. CTP N.V. (ENXTAM:CTPNV) acquired Valtidone Logistic Development Srl from FBH S.p.A. for approximately €240 million on November 28, 2025. VLD will be renamed CTP Italy, and the team will be led by Agostino Emanuele.
CTP N.V. (ENXTAM:CTPNV) completed the acquisition of Valtidone Logistic Development Srl from FBH S.p.A. on November 28, 2025. Announcement • Nov 07
CTP N.V., Annual General Meeting, May 20, 2026 CTP N.V., Annual General Meeting, May 20, 2026. Announcement • Aug 07
CTP N.V. Announces an Interim Dividend for the Period Ended June 30, 2025 CTP N.V. announced an interim dividend of €0.31 per ordinary share, an increase of 6.9% compared to interim dividend 2024, and which represents a pay-out of 74% of the Company specific adjusted EPRA EPS, in line with the Group’s 70% - 80% dividend policy pay-out ratio. The default is a scrip dividend, but shareholders can opt for payment of the dividend in cash. Announcement • May 08
CTP N.V. to Report Fiscal Year 2025 Results on Feb 26, 2026 CTP N.V. announced that they will report fiscal year 2025 results on Feb 26, 2026 Announcement • Feb 27
CTP N.V. Proposes Final Dividend for the Year 2024, Payable on 15 May 2025 CTP N.V. proposed a final 2024 dividend of €0.30 per ordinary share, which will, subject to approval by the AGM, be paid on 15 May 2025. This will bring the total 2024 dividend to €0.59 per ordinary share, which represents a Company specific adjusted EPRA EPS pay-out of 74% - in line with the Groups’ dividend policy to pay-out 70%-80% - and growth of 12.4% compared to 2023. Reported Earnings • Nov 12
Third quarter 2024 earnings released: EPS: €0.44 (vs €0.59 in 3Q 2023) Third quarter 2024 results: EPS: €0.44 (down from €0.59 in 3Q 2023). Revenue: €204.5m (up 23% from 3Q 2023). Net income: €203.3m (down 23% from 3Q 2023). Profit margin: 99% (down from 159% in 3Q 2023). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 15% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 8% per year. Announcement • Nov 07
CTP N.V., Annual General Meeting, Apr 22, 2025 CTP N.V., Annual General Meeting, Apr 22, 2025. New Risk • Sep 20
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (5.1% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Shareholders have been diluted in the past year (4.3% increase in shares outstanding). Upcoming Dividend • Aug 28
Upcoming dividend of €0.29 per share Eligible shareholders must have bought the stock before 04 September 2024. Payment date: 27 September 2024. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.5%). Reported Earnings • Aug 11
Second quarter 2024 earnings released: EPS: €0.68 (vs €0.55 in 2Q 2023) Second quarter 2024 results: EPS: €0.68 (up from €0.55 in 2Q 2023). Revenue: €211.6m (up 26% from 2Q 2023). Net income: €306.8m (up 26% from 2Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 16% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Aug 11
Now 20% overvalued Over the last 90 days, the stock has fallen 1.3% to €16.32. The fair value is estimated to be €13.58, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 4.3%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 6.5% per annum over the same time period. New Risk • May 20
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (5.2% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.1% increase in shares outstanding). Announcement • May 10
CTP N.V. to Report Fiscal Year 2024 Results on Feb 27, 2025 CTP N.V. announced that they will report fiscal year 2024 results on Feb 27, 2025 Reported Earnings • May 09
First quarter 2024 earnings released: EPS: €0.51 (vs €0.51 in 1Q 2023) First quarter 2024 results: EPS: €0.51 (in line with 1Q 2023). Revenue: €190.2m (up 20% from 1Q 2023). Net income: €226.9m (flat on 1Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 16% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Apr 25
Upcoming dividend of €0.28 per share Eligible shareholders must have bought the stock before 02 May 2024. Payment date: 15 May 2024. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of German dividend payers (4.8%). In line with average of industry peers (3.5%). Board Change • Apr 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Non-Executive Director Gerard van Kesteren was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 08
Full year 2023 earnings released: EPS: €2.07 (vs €1.83 in FY 2022) Full year 2023 results: EPS: €2.07 (up from €1.83 in FY 2022). Revenue: €673.8m (up 14% from FY 2022). Net income: €922.6m (up 16% from FY 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 13% decline forecast for the Real Estate industry in Germany. Announcement • Mar 07
CTP N.V. to Report Q3, 2024 Results on Nov 07, 2024 CTP N.V. announced that they will report Q3, 2024 results on Nov 07, 2024 Announcement • Feb 01
CTP Appoints Marcus Breuer as Director of Business Development CTP is strengthening its German team with the appointment of Marcus Breuer as Business Development Director. With over 25 years of experience in the real estate industry, including around 20 years in management positions at various companies such as DIBAG Industriebau AG and EUROPA – CENTER AG, Marcus Breuer brings extensive expertise to his new role. In his position as Business Development Director at CTP, he and his team are responsible for letting activities within the existing portfolio, which CTP acquired from Deutsche Industrie REIT in form of a share deal at the beginning of 2022. The more specific skills of the real estate agent range from value-add and core-plus developments of former production sites to versatile business parks and site development in attractive locations. New Risk • Nov 15
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.1% 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 (4.7% operating cash flow to total debt). Earnings are forecast to decline by an average of 1.1% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (143% net profit margin). Reported Earnings • Nov 11
Third quarter 2023 earnings released: EPS: €0.59 (vs €0.24 in 3Q 2022) Third quarter 2023 results: EPS: €0.59 (up from €0.24 in 3Q 2022). Revenue: €165.9m (up 11% from 3Q 2022). Net income: €263.2m (up 150% from 3Q 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 15% decline forecast for the Real Estate industry in Germany. Announcement • Sep 01
CTP N.V. Announces Interim Divided of 2023, Payable on 4 September 2023 CTP N.V. announced the conversion ratio of its 2023 interim dividend. The 2023 interim dividend amounted to €0.25 per ordinary share. Shareholders were given the choice to receive the dividend either in cash or in shares, with the share fraction for the dividend based on the volume-weighted average price (VWAP) of the Company’s shares on Euronext Amsterdam of the last three trading days of the election period, ending on 29 August 2023 (including). The number of dividend rights that entitles to 1 new ordinary share has been set at 50.53. The share dividend corresponds to the cash dividend of €0.25 per ordinary share. Shareholders representing approximately 79% of the total number of outstanding ordinary shares have chosen to receive the dividend in cash, while shareholders representing approximately 21% of the total number of outstanding ordinary shares opted for payment in shares. After payment of the dividend by way of delivery of the ordinary shares, the total number of issued and outstanding ordinary shares will increase by 1,860,807 to a total of 448,182,458 ordinary shares. The ordinary shares to be delivered as payment have a nominal value of €0.16 per share, are fully fungible with the Company's issued ordinary shares and will be listed and admitted to trading on Euronext Amsterdam. The payment date for the dividend payment in cash and delivery of the ordinary shares will be 4 September 2023. Reported Earnings • Aug 13
Second quarter 2023 earnings released: EPS: €0.55 (vs €1.03 in 2Q 2022) Second quarter 2023 results: EPS: €0.55 (down from €1.03 in 2Q 2022). Revenue: €168.7m (up 12% from 2Q 2022). Net income: €244.1m (down 44% from 2Q 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 15% decline forecast for the Real Estate industry in Germany. Reported Earnings • May 12
First quarter 2023 earnings released: EPS: €0.51 (vs €0.14 in 1Q 2022) First quarter 2023 results: EPS: €0.51 (up from €0.14 in 1Q 2022). Revenue: €158.0m (up 17% from 1Q 2022). Net income: €225.5m (up 272% from 1Q 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 20% decline forecast for the Real Estate industry in Germany. Upcoming Dividend • Apr 25
Upcoming dividend of €0.23 per share at 3.9% yield Eligible shareholders must have bought the stock before 02 May 2023. Payment date: 15 May 2023. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (4.6%). In line with average of industry peers (3.9%). Recent Insider Transactions • Mar 31
Independent Non-Executive Director recently bought €100k worth of stock On the 28th of March, Pavel Trenka bought around 9k shares on-market at roughly €11.48 per share. This transaction amounted to 7.5% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €1.6m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Mar 12
Independent Non-Executive Director recently bought €100k worth of stock On the 6th of March, Pavel Trenka bought around 8k shares on-market at roughly €12.76 per share. This transaction amounted to 7.3% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €100k. Insiders have collectively bought €1.6m more in shares than they have sold in the last 12 months. Reported Earnings • Mar 04
Full year 2022 earnings released: EPS: €1.83 (vs €2.68 in FY 2021) Full year 2022 results: EPS: €1.83 (down from €2.68 in FY 2021). Revenue: €589.1m (up 45% from FY 2021). Net income: €794.6m (down 23% from FY 2021). Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 13% decline forecast for the Real Estate industry in Germany. Recent Insider Transactions • Jan 04
Independent Non-Executive Director recently bought €100k worth of stock On the 27th of December, Pavel Trenka bought around 9k shares on-market at roughly €10.74 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €101k. Insiders have collectively bought €5.8m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Nov 29
Independent Non-Executive Director recently bought €101k worth of stock On the 23rd of November, Pavel Trenka bought around 10k shares on-market at roughly €10.26 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth €506k. Insiders have collectively bought €5.6m more in shares than they have sold in the last 12 months. Board Change • Nov 16
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. CEO & Executive Director Remon Vos is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Nov 10
Third quarter 2022 earnings released: EPS: €0.24 (vs €0.33 in 3Q 2021) Third quarter 2022 results: EPS: €0.24 (down from €0.33 in 3Q 2021). Revenue: €149.4m (up 52% from 3Q 2021). Net income: €105.5m (down 19% from 3Q 2021). Profit margin: 71% (down from 132% in 3Q 2021). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% decline forecast for the Real Estate industry in Germany. Recent Insider Transactions • Oct 11
Independent Non-Executive Director recently bought €72k worth of stock On the 4th of October, Pavel Trenka bought around 7k shares on-market at roughly €10.37 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth €506k. Insiders have collectively bought €5.6m more in shares than they have sold in the last 12 months. Buying Opportunity • Sep 24
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 2.7%. The fair value is estimated to be €13.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last year. Earnings per share has grown by 283%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings is forecast to decline by 4.8% per annum over the same time period. Recent Insider Transactions • Sep 16
Independent Non-Executive Director recently bought €100k worth of stock On the 13th of September, Pavel Trenka bought around 8k shares on-market at roughly €13.10 per share. This transaction amounted to 37% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €4.8m more in shares than they have sold in the last 12 months. Reported Earnings • Aug 13
Second quarter 2022 earnings released: EPS: €1.03 (vs €0.23 in 2Q 2021) Second quarter 2022 results: EPS: €1.03 (up from €0.23 in 2Q 2021). Revenue: €150.0m (up 55% from 2Q 2021). Net income: €435.7m (up 385% from 2Q 2021). Over the next year, revenue is forecast to grow 20% compared to a 46% decline forecast for the industry in Germany. Recent Insider Transactions • Jul 12
Independent Non-Executive Director recently bought €60k worth of stock On the 7th of July, Pavel Trenka bought around 5k shares on-market at roughly €11.30 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €5.3m more in shares than they have sold in the last 12 months. Reported Earnings • May 20
First quarter 2022 earnings released: EPS: €0.14 (vs €0.29 in 1Q 2021) First quarter 2022 results: EPS: €0.14 (down from €0.29 in 1Q 2021). Revenue: €134.8m (up 30% from 1Q 2021). Net income: €60.6m (down 39% from 1Q 2021). Profit margin: 45% (down from 95% in 1Q 2021). Over the next year, revenue is forecast to grow 24% compared to a 42% decline forecast for the industry in Germany. Board Change • Apr 27
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. 1 independent director (5 non-independent directors). CEO & Executive Director Remon Vos is the most experienced director on the board, commencing their role in 2020. Chair & Senior Independent Non Executive Director Barbara Knoflach was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Recent Insider Transactions • Nov 25
Senior Independent Director recently bought €80k worth of stock On the 19th of November, Barbara Knoflach bought around 5k shares on-market at roughly €16.00 per share. In the last 3 months, there was an even bigger purchase from another insider worth €644k. Insiders have collectively bought €724k more in shares than they have sold in the last 12 months. Reported Earnings • Nov 19
Third quarter 2021 earnings released: EPS €0.32 Third quarter 2021 results: Revenue: €98.4m (up 25% from 3Q 2020). Net income: €129.5m (up 110% from 3Q 2020). Valuation Update With 7 Day Price Move • Oct 19
Investor sentiment improved over the past week After last week's 16% share price gain to €20.20, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Real Estate industry in Germany. Recent Insider Transactions • Sep 26
CEO & Executive Director recently bought €249k worth of stock On the 24th of September, Remon Vos bought around 13k shares on-market at roughly €19.16 per share. In the last 3 months, they made an even bigger purchase worth €644k. Remon has been a buyer over the last 12 months, purchasing a net total of €894k worth in shares. Recent Insider Transactions • Sep 11
CEO & Executive Director recently bought €644k worth of stock On the 8th of September, Remon Vos bought around 32k shares on-market at roughly €20.14 per share. This was the largest purchase by an insider in the last 3 months. This was Remon's only on-market trade for the last 12 months. Reported Earnings • Aug 09
First quarter 2021 earnings released: EPS €0.29 The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €103.6m (up 5.1% from 1Q 2020). Net income: €98.5m (up 73% from 1Q 2020). Profit margin: 95% (up from 58% in 1Q 2020). Reported Earnings • May 17
First quarter 2021 earnings released: EPS €0.29 The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €103.5m (up 5.0% from 1Q 2020). Net income: €98.5m (up 73% from 1Q 2020). Profit margin: 95% (up from 58% in 1Q 2020). 
