Wereldhave N.V. (WRDEF) This autumn 2025 Earnings Name Transcript

Matthijs Storm
CEO & Member of the Administration Board

Good morning, and welcome to the Wereldhave webcast for the complete yr 2025 outcomes. I am right here as we speak with our CFO, Dennis de Vreede; and I am Matthijs Storm, the CEO of Wereldhave. We’ll take you thru a presentation, which you too can discover on our web site. Already throughout the presentation you possibly can kind your questions within the textbox on the backside of your display. In the direction of the tip of the presentation, we’ll take care of all of your questions as standard. So let’s get began.

Let’s begin with some key messages of the 2025 outcomes. Direct consequence per share, EUR 1.86, which is effectively above the preliminary steerage that we offered about 1 yr in the past and in addition above the newest steerage with Q3 of EUR 1.80 to EUR 1.85.

Zooming in on the outcomes, and we’ll provide you with some extra coloration later, in fact, throughout the presentation, however we see enhancing occupier markets. Prices have been comparatively steady, which I feel can also be an excellent achievement of the corporate with a rising portfolio. And final however not least, we additionally see development in what we name different earnings. We’ll get again to that later.

Occupancy charge at 98%, we needed to dive into fairly some older annual experiences to discover a quantity like this. That was in 2013. That was truly earlier than the massive wave of numerous bankruptcies in retailer chains within the Netherlands and in Belgium and I feel additionally in different European international locations. So it is good to see that we’re again at this excessive stage. Like-for-like rental development, plus 6%. Enhancing