WRDE.F Stock Overview

Wereldhave N.V. (“the Company”) is an investment company that invests in real estate (shopping centers and offices). More details

WRDE.F fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	0/6
Past Performance	3/6
Financial Health	1/6
Dividends	4/6

Rewards

Trading at 0.4% below our estimate of its fair value

Earnings grew by 34.4% over the past year

Risk Analysis

Debt is not well covered by operating cash flow

Shares are highly illiquid

Large one-off items impacting financial results

Unstable dividend track record

My Notes

Capture your thoughts, links and company narrative

Wereldhave N.V. Competitors

SITE Centers

NYSE:SITC

US$787.0m

Whitestone REIT

NYSE:WSR

US$731.0m

CBL & Associates Properties

NYSE:CBL

US$914.9m

Alexander's

NYSE:ALX

US$1.0b

Price History & Performance

Summary of share price highs, lows and changes for Wereldhave
Historical stock prices
Current Share Price	€15.00
52 Week High	€16.87
52 Week Low	€13.10
Beta	1.52
1 Month Change	0%
3 Month Change	n/a
1 Year Change	0.74%
3 Year Change	7.91%
5 Year Change	-33.42%
Change since IPO	-86.01%

Recent updates

Shareholder Returns

	WRDE.F	US Retail REITs	US Market
7D	0%	-5.1%	-3.5%
1Y	0.7%	5.4%	22.1%

Return vs Industry: WRDE.F underperformed the US Retail REITs industry which returned 5.4% over the past year.

Return vs Market: WRDE.F underperformed the US Market which returned 22.1% over the past year.

Price Volatility

Is WRDE.F's price volatile compared to industry and market?
WRDE.F volatility
WRDE.F Average Weekly Movement	n/a
Retail REITs Industry Average Movement	2.6%
Market Average Movement	6.3%
10% most volatile stocks in US Market	17.0%
10% least volatile stocks in US Market	3.1%

Stable Share Price: WRDE.F's share price has been volatile over the past 3 months compared to the US market.

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

About the Company

Founded	Employees	CEO	Website
n/a	109	Matthijs Storm	www.wereldhave.com

Wereldhave N.V. (“the Company”) is an investment company that invests in real estate (shopping centers and offices). The property portfolio of Wereldhave N.V. and its subsidiaries (‘the Group’) is located in Belgium, France and the Netherlands. The Group is principally involved in leasing investment property under operating leases.

Wereldhave N.V. Fundamentals Summary

How do Wereldhave's earnings and revenue compare to its market cap?
WRDE.F fundamental statistics
Market cap	US$617.44m
Earnings (TTM)	US$105.18m
Revenue (TTM)	US$197.01m

6.0x

P/E Ratio

3.2x

P/S Ratio

Is WRDE.F overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
WRDE.F income statement (TTM)
Revenue	€189.56m
Cost of Revenue	€52.50m
Gross Profit	€137.06m
Other Expenses	€35.86m
Earnings	€101.20m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

Feb 11, 2025

Earnings per share (EPS)	2.32
Gross Margin	72.31%
Net Profit Margin	53.39%
Debt/Equity Ratio	81.7%

How did WRDE.F perform over the long term?

See historical performance and comparison

Dividends

8.7%

Current Dividend Yield

64%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/20 02:48
End of Day Share Price	2024/11/12 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

Wereldhave N.V. is covered by 21 analysts. 3 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
Ruud Van Maanen	ABN AMRO Bank N.V.
Alda Kule Dale	AlphaValue
Samuel James Hugh Warwood	BofA Global Research