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Wereldhave Belgium (WEHB) investor relations material
Wereldhave Belgium Q3 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
9M 2026 performance remained resilient amid geopolitical uncertainty and cautious consumer sentiment, supported by acquisitions, growth in the existing portfolio, high occupancy and disciplined capital allocation.
The 2026 outlook was maintained at net result from core activities of €5.20–€5.30 per share.
Financial highlights
Net rental income rose 17.9% to €65.8M from €55.8M in 9M 2025; excluding the 2025 acquisitions, existing-portfolio income grew 3.4%.
Net result increased to €56.5M from €29.8M; core net result rose to €43.7M from €37.5M, while non-core result was €12.8M versus -€7.7M.
Investment property fair value increased 1.9% to €1,245.0M from 31 December 2025; excluding portfolio investment, values rose 1.0%.
Outlook and guidance
2026 net result from core activities guidance confirmed at €5.20–€5.30 per share, considering 9M results.
Guidance warrants caution given geopolitical tensions, energy prices, inflation, rising interest rates and more cautious consumer sentiment.
- Net result surged to €62.5M on strong property revaluations, with guidance for 2024 maintained.WEHB
H1 2024 - Q3 2024 delivered strong rental growth and high occupancy, with guidance reaffirmed.WEHB
Q3 2024 TU - Net result from core activities rose 3.8%, with occupancy and dividend both increasing.WEHB
H2 2024 - Strong Q1 growth driven by portfolio expansion and higher rental income, with guidance raised.WEHB
Q1 2025 TU - Net rental income up 15.2% and core net result per share up 16.2%, guidance maintained.WEHB
H1 2025 - Strong Q3 performance with 16.3% rental income growth and robust retail occupancy at 98.1%.WEHB
Q3 2025 TU - Net rental income up 23% and net asset value per share rises, with 2026 guidance maintained.WEHB
Q1 2026 TU - Core net result up 17.4% and portfolio value up 22.8% on strong acquisitions and leasing.WEHB
H2 2025 - Net rental income rose 18.9% to €43.6M, with 2026 guidance confirmed at €5.20–€5.30 per share.WEHB
H1 2026
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