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Retail Estates (RET) investor relations material
Retail Estates Q4 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved stable EPRA earnings and strengthened the balance sheet, supporting further growth initiatives.
Net rental income rose 2.54% year-over-year to €145.79 million, driven by rent indexation and acquisitions.
Portfolio expanded to 1,006 retail properties across Belgium and the Netherlands, with the first acquisition in France post-balance sheet date.
Maintained a high occupancy rate of 97.82% for FY 2025-2026, with a 0.55 percentage point increase year-over-year.
Sustainability investments totaled €13.3 million, including solar panels and renovations.
Financial highlights
Net rental income for FY 2025-2026 was €145.79 million, up 2.54% year-over-year.
EPRA earnings reached €91.90 million (+1.14%), with EPRA earnings per share at €6.15 (-1.04%).
Fair value of the property portfolio increased to €2,102 million (+1.55%).
Operational margin improved to 80.97% (+0.56 pp).
Debt ratio decreased to 40.39% from 42.52% year-over-year.
Outlook and guidance
Net rental income for 2026-2027 is projected at €149 million, assuming 2.5% inflation.
Gross dividend per share guidance is €5.25, with a net dividend of €3.675 per share.
- Strong occupancy, stable growth, and ESG focus drive robust outlook and dividend guidance.RET
Investor presentation22 May 2026 - Net rental income up 2.40% and net result up 10.77%, with high occupancy and stable dividend.RET
Q3 202623 Feb 2026 - 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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