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Retail Estates (RET) investor relations material
Retail Estates Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net rental income rose 2.40% year-over-year to €108.72 million for the first nine months of 2025-2026, reflecting resilience despite increased tax pressure in the Netherlands.
EPRA earnings declined slightly by 0.73% to €68.28 million, mainly due to higher taxes following the abolition of the FBI statute in the Netherlands.
High occupancy rate of 97.79% as of 31 December 2025, up from 97.26% at the end of March 2025.
Dividend guidance maintained at €5.20 gross per share.
Financial highlights
Net result increased by 10.77% to €76.28 million, driven by positive fair value adjustments and capital gains on property sales.
EPRA earnings per share fell 2.97% year-over-year to €4.57, impacted by share dilution from a capital increase.
Debt ratio improved to 41.49% from 42.52% at the end of March 2025.
Fair value of the real estate portfolio increased 0.66% to €2,083.24 million.
Outlook and guidance
Dividend forecast for the year remains at €5.20 gross per share.
Funds from the capital increase will be invested in portfolio expansion.
- Rental income and EPRA earnings rose, with high occupancy and dividend guidance maintained.RET
Q2 202617 Nov 2025 - Net rental income rose 3.28% and equity increased by €18 million, with stable portfolio metrics.RET
Q1 20261 Sep 2025 - Rental income and EPRA earnings grew, with stable debt and dividend guidance maintained.RET
Q2 202513 Jun 2025 - Rental income up, portfolio stable, and dividend guidance maintained amid market uncertainty.RET
Q1 202513 Jun 2025 - Record EPRA earnings and portfolio growth support higher dividend outlook for 2025-2026.RET
Q4 20256 Jun 2025 - EPRA earnings and rental income hit new highs, with portfolio value up for the 27th year.RET
Q3 20255 Jun 2025
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