Vitura (VTR) H1 2026 earnings summary

Executive summary

• Rental income increased by 8% year-over-year to €23.7 million in H1 2026, supported by active leasing and tenant renewals.

• Portfolio value stands at €840 million, with a core occupancy rate of 81% and an average lease term extended to over six years.

• Major tenants, including Huawei, renewed leases, enhancing portfolio stability and extending lease terms.

Financial highlights

• EPRA earnings rose 111% year-over-year to €4.0 million in H1 2026.

• Cash flow increased by 42% to €6.1 million compared to H1 2025.

• Net loss under IFRS widened to €26.0 million from €11.0 million, mainly due to a decrease in investment property values.

• EPRA NTA per share declined to €14.5 from €15.9 at year-end 2025.

Outlook and guidance

• Confident in refinancing upcoming debt maturities, with extensions secured for key loans through late 2026.

• Continued focus on sustainable performance and energy efficiency to enhance long-term portfolio value.