Home Invest Belgium (HOMI) Q1 2026 earnings summary

Executive summary

• Real estate portfolio valued at €969.15 million as of 31 March 2026, with 91.7% residential assets and over 50% of properties less than 10 years old.

• High occupancy rate of 98.3% and like-for-like rental growth of 3.0% in Q1 2026.

• Completion of major renovation in Brussels and launch of a social/affordable housing project in Turnhout.

• Strong focus on sustainability, with average energy consumption of 101 kWh/m²/year, well below the market average.

Financial highlights

• Net rental income rose to €10.52 million in Q1 2026 from €9.12 million in Q1 2025.

• EPRA earnings increased by 17.5% year-over-year to €4.32 million; EPRA earnings per share up 18.5% to €0.22.

• Operating margin improved to 54.0% from 51.9% year-over-year.

• Net result (group share) was €4.32 million, or €0.21 per share.

• IFRS NAV per share increased 0.8% to €26.30; EPRA NTA per share up 0.5% to €25.76.

Outlook and guidance

• EPRA earnings per share for 2026 expected at €1.23, at least stable versus €1.21 in 2025.

• Distribution to shareholders set at €1.16 per share for 2025, up from €1.14, marking the 26th consecutive annual increase.

• Board maintains a policy of average distribution growth equal to or above long-term inflation.