VASTBB Stock Overview

Vastned Belgium is a public regulated real estate company (RREC), the shares of which are listed on Euronext Brussels (VASTB). More details

VASTBB fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	2/6
Financial Health	3/6
Dividends	5/6

Rewards

Trading at 23.2% below our estimate of its fair value

Pays a high and reliable dividend of 7.42%

Risk Analysis

Shares are highly illiquid

My Notes

Capture your thoughts, links and company narrative

Vastned Belgium NV Competitors

NewRiver REIT

LSE:NRR

UK£355.2m

Shaftesbury Capital

LSE:SHC

UK£2.3b

Alina Holdings

LSE:ALNA

UK£2.2m

AEW UK REIT

LSE:AEWU

UK£158.7m

Price History & Performance

Summary of share price highs, lows and changes for Vastned Belgium
Historical stock prices
Current Share Price	€29.20
52 Week High	€0
52 Week Low	€0
Beta	0.76
1 Month Change	0%
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	-36.38%
Change since IPO	-41.24%

Recent updates

Shareholder Returns

	VASTBB	GB Retail REITs	GB Market
7D	0%	-1.9%	-0.6%
1Y	n/a	-10.4%	2.7%

Return vs Industry: Insufficient data to determine how VASTBB performed against the UK Retail REITs industry.

Return vs Market: Insufficient data to determine how VASTBB performed against the UK Market.

Price Volatility

Is VASTBB's price volatile compared to industry and market?
VASTBB volatility
VASTBB Average Weekly Movement	n/a
Retail REITs Industry Average Movement	2.3%
Market Average Movement	4.8%
10% most volatile stocks in GB Market	10.5%
10% least volatile stocks in GB Market	2.6%

Stable Share Price: VASTBB has not had significant price volatility in the past 3 months.

Volatility Over Time: Insufficient data to determine VASTBB's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1987	5	n/a	www.vastned.be

Vastned Belgium is a public regulated real estate company (RREC), the shares of which are listed on Euronext Brussels (VASTB). Vastned Belgium invests exclusively in Belgian commercial real estate, more specifically in multi-functional retail properties located in the popular shopping cities of Antwerp, Brussels, Ghent and Bruges. The real estate portfolio also comprises high-end retail parks and retail warehouses.

Vastned Belgium NV Fundamentals Summary

How do Vastned Belgium's earnings and revenue compare to its market cap?
VASTBB fundamental statistics
Market cap	€157.43m
Earnings (TTM)	€12.76m
Revenue (TTM)	€19.34m

12.3x

P/E Ratio

8.1x

P/S Ratio

Is VASTBB overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
VASTBB income statement (TTM)
Revenue	€19.34m
Cost of Revenue	€1.83m
Gross Profit	€17.51m
Other Expenses	€4.75m
Earnings	€12.76m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

Oct 21, 2024

Earnings per share (EPS)	2.51
Gross Margin	90.52%
Net Profit Margin	65.95%
Debt/Equity Ratio	36.0%

How did VASTBB perform over the long term?

See historical performance and comparison

Dividends

7.4%

Current Dividend Yield

88%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/08/13 08:19
End of Day Share Price	2024/05/16 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Vastned Belgium NV is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Steven Vlek	ABN AMRO Bank N.V.
Dirk Peeters	Banque Degroof

Vastned Belgium BATS-CHIXE:VASTBB Stock Report