Home Invest Belgium (HOMI) H1 2026 earnings summary

Executive summary

• Portfolio value reached €983 million as of 30 June 2026, with over 90% in residential assets and more than 50% of properties under 10 years old.

• Largest owner and manager of residential properties in Belgium, listed on Euronext Brussels with over 25 years of consecutive dividend growth.

• High occupancy rate of 98.3% in 1H 2026, supported by strong letting activities and like-for-like rental growth of 2.9% year-over-year.

• Achieved energy efficiency target ahead of schedule, with average primary energy consumption at 95 kWh/m²/year.

• Major renovations completed at Charles Woeste (Brussels) and affordable housing in Turnhout, adding 184 sustainable units.

Financial highlights

• Net rental result increased by 18.5% year-over-year to €21.7 million in 1H 2026.

• Operating result before portfolio result (EBIT) rose by 24.0% to €15.4 million.

• EPRA earnings grew by 14.1% to €11.65 million, with EPRA earnings per share up 14.6% to €0.59.

• Net result (group share) was €19.1 million, down from €23.2 million in 1H 2025 due to lower portfolio result.

• IFRS NAV per share at €25.88 and EPRA NTA per share at €25.48 as of 30 June 2026.

Outlook and guidance

• Expects EPRA earnings per share to increase to €1.25 for FY 2026 (from €1.21 in 2025).

• Distribution to shareholders approved at €1.16 per share for 2025, marking the 26th consecutive annual increase.

• Board targets annual distribution growth at or above long-term inflation.

• Strong demand for quality housing and supportive demographic trends expected to sustain growth.