)
Investor Relations14 Oct 2025
Boost Your Earnings Season Strategy With Real‑Time Alerts
Quartr Pro provides real time alerts, trend analysis and live coverage, giving analysts and investors instant insights to act faster in earnings.
Vastned (VASTB) investor relations material
Vastned Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2025 earnings summary28 Jul, 2025
Executive summary
Real estate portfolio fair value rose by €16.1 million (+1.3%) like-for-like compared to 31 December 2024 (pro forma), reaching €1.26 billion at 30 June 2025.
EPRA Earnings per share for H1 2025 were €1.05; net result was €26.2 million, a turnaround from a €10.4 million loss in H1 2024 (pro forma).
Occupancy rate remained high at 98.6%, with stable or improved rates in most countries.
Debt ratio (EPRA LTV) improved to 40.6% from 42.5% at year-end 2024 (pro forma), with a target of 40% by year-end.
Successful completion of the cross-border merger on 1 January 2025, expanding activities to the Netherlands, France, and Spain.
Financial highlights
Rental income for H1 2025 was €33.6 million, down from €35.1 million in H1 2024 (pro forma), mainly due to 2024 divestments in the Netherlands.
Like-for-like gross rental income increased by 2.3%, with Spain up 16.2%, France up, Belgium slightly down, and the Netherlands up 0.9%.
Net rental income was €33.6 million; operating result was €42.2 million, up from €11.1 million in H1 2024 (pro forma).
Property charges increased to €5.0 million, mainly due to internal cost allocations; general expenses fell to €2.4 million due to synergy realization.
Net interest charges decreased to €7.9 million, with an average interest rate of 3.0%.
Changes in fair value of investment properties contributed €16.1 million to results.
Outlook and guidance
EPRA earnings per share guidance for 2025 raised to €2.00–€2.10 (from €1.95–€2.05) due to cost control, project completions, and new leases.
Dividend outlook confirmed at €1.70 gross per share for 2025.
Ongoing focus on operational synergies (€2.0–€2.5 million/year) and monitoring of geopolitical and economic risks.
Assess net synergy realization from the merger
What market trends underpin portfolio value growth?
Evaluate interest rate hedging effectiveness
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Vastned earnings date
Q3 202527 Oct, 2025
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
Related articles
)
Edge3 Oct 2025
Epiroc: A Culture of Moving Mountains
From automation to electrification, Swedish industrial giant Epiroc is leading a transformation in how the world mines.
)
Company Research22 Sep 2025
Moody's: Shaping Global Credit
Explore Moody's evolution from publishing manuals to becoming a giant in credit ratings, guiding issuers, investors, and regulators worldwide.
Frequently asked questions
Vastned Belgium NV is a public regulated real estate company (RREC) that specializes in investing in high-quality retail properties. Its portfolio includes inner-city retail locations, retail warehouses, and mixed-use properties. The company primarily focuses on commercial real estate assets situated in premium shopping streets and urban centers. Vastned Belgium NV aims to manage and optimize its property portfolio through active asset management and long-term leasing strategies. The company is headquartered in Antwerp, Belgium, and its shares are listed on the Euronext Brussels.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage