)
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.
VGP (VGP) investor relations material
VGP H1 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2025 earnings summary21 Aug, 2025
Executive summary
Pre-tax profit rose 35% year-over-year to €208.6 million, with net profit up 27.5% to €181 million and net asset value per share up 10.5% to €2.5 billion; EPRA NTA per share increased 11.5% year-over-year.
EBITDA increased 31.7% to €238.8 million, driven by recurring rental, development, and renewable energy activities.
Record €56.1 million in new and renewed leases signed, with annualized rental income at €441.3 million (+14.7% YoY), 846,000 sqm under construction (76% pre-let), and portfolio occupancy at 98%.
Delivered 11 projects totaling 264,000 sqm, 96% let, with 49% BREEAM Outstanding certification.
Photovoltaic capacity grew 20% year-over-year to 177.3 MWp, and a BBB- investment grade rating was obtained from S&P.
Financial highlights
Net profit increased from €141.5 million to €180.5 million year-over-year, with IFRS operating profit up 39.6% to €211.8 million.
Net rental and renewable energy income rose 24.3% year-over-year to €40.9 million; gross rental and renewables income up 19.6% to €70.95 million.
Net valuation gains on investment properties up 42.8% to €141.5 million, mainly from ongoing developments.
Earnings per share increased 28% to €6.61; basic EPS at €6.61 (+27.6% YoY).
Total assets surpassed €5 billion, with €423.6 million in cash and €500 million in undrawn credit facilities.
Outlook and guidance
Strong operational momentum expected in H2 2025, with robust leasing, construction activity, and a strong pre-let pipeline above 75–80%.
Plan to transfer €500 million to €1 billion of assets to JVs in the next 12 months, depending on project completions.
Strategic land acquisitions and further asset disposals planned to enhance growth and balance sheet strength.
Confident in maintaining development margins and pre-let levels despite market uncertainties.
Portfolio under construction is 73–76% pre-let, with 36 buildings representing 846,000 sqm and €72.8 million in annualized leases.
What's driving renewable energy income growth?
Discuss outlook for disposals and JV expansion.
Explain the impact of IFRS 18 adoption.
Explain Allianz JV promote structure renegotiation.
How do 30% development margins enable aggressive rental pricing?
What brownfield opportunities drive land bank growth?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next VGP earnings date
H2 202519 Feb, 2026
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
VGP NV is a real estate company specializing in the development, management, and leasing of logistics and industrial parks across Europe. The company focuses on build-to-suit and multi-tenant properties, catering to logistics, e-commerce, and manufacturing businesses. VGP operates an integrated business model, managing the entire property lifecycle from land acquisition and development to asset management. 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