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Wereldhave Belgium reported a rise in its net rental income for the first quarter, reflecting improved operational performance across its portfolio. The company's income grew by 23 per cent year-on-year, reaching EUR 21.9 million. Its financial position remained stable, with the EPRA debt ratio standing at 31.1 per cent at the end of the quarter. The company has retained its full-year outlook for net results from core activities, projecting earnings in the range of EUR 5.20 to EUR 5.30 per share, indicating confidence in steady performance.
Wereldhave Belgium has reported an increase in its net rental income for the first quarter, supported by improved leasing activity and stable occupancy across its retail assets. The company's net rental income rose by 23 per cent to EUR 21.9 million compared to the same period last year. Advertisement
The company's financial position remained stable during the quarter, with its EPRA debt ratio recorded at 31.1 per cent at the end of March. This reflects a controlled leverage level and indicates balanced capital management despite ongoing market uncertainties in the European retail real estate sector.
Wereldhave Belgium has maintained its outlook for the year, stating that the expected net result from core activities is projected to remain between EUR 5.20 and EUR 5.30 per share. The company indicated that this guidance reflects continued operational stability and consistent income generation from its property portfolio.
In recent quarters, the company has focused on improving tenant mix and enhancing asset quality across its shopping centres. This approach has supported rental growth and helped sustain occupancy levels, even as retail markets continue to adjust to changing consumer behaviour and economic conditions.
Source Reuters
5th Jun, 2025
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