Vitura (VTR) Q1 2026 TU earnings summary

Executive summary

• Rental income increased by 8.4% year-over-year to €11.9 million in Q1 2026, driven by strong letting activity and major lease renewals.

• Significant lease renewals at Arcs de Seine extended the average remaining lease term to over seven years, with Huawei committing to a non-cancelable nine-year term.

• The core portfolio occupancy rate remained stable at 81% as of March 31, 2026.

Financial highlights

• Rental income for Q1 2026 was €11.9 million, up from €10.9 million in Q1 2025.

• Portfolio value was estimated at €865 million as of December 31, 2025.

Outlook and guidance

• Confident in positive refinancing outcomes for Prothin's debt maturing July 2026 and ongoing discussions to extend Hanami's debt maturity (15% of group debt) due June 2026.

• Continued focus on developing innovative services and enhancing energy efficiency to meet tenant expectations and regulatory requirements.