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CTP N.V. (NL:CTPNV)
:CTPNV
Earnings Data
Report Date
Apr 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.38Last Year’s EPS
0.21Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a broadly positive operational and financial report: strong leasing activity, double-digit increases in net rental income and EPRA earnings, meaningful portfolio revaluation and NAV accretion, robust liquidity and an investment-grade upgrade. Management is executing geographic expansion (Italy, exploratory Vietnam) and guiding to resilient 2026 completions and EPS growth. Headwinds included elevated absolute vacancy due to scale and refurbishments, a modest decline in tenant retention, development timing delays that shifted ~150,000 sqm and caused a EUR 0.01 EPS miss, and temporary pressure on leverage (LTV at 46.1%) and costs from new market entries. On balance, the positives (growth, earnings, revaluations, strong leasing and funding access) materially outweigh the manageable near-term challenges.Company Guidance
Strong rental income and net rental growth
Net rental income increased 14.1% year-on-year to EUR 738 million; annualized rental income rose 13% to EUR 840 million, illustrating strong cash flow generation and a locked-in growth profile for 2026.
Record leasing and development activity
Signed 2.3 million square meters of new leases in 2025 (management also cited 2.1 million sqm excluding Italy); record development completions of over 1.3 million sqm in 2025; ~150,000 sqm of completions shifted into Q1 2026.
Like-for-like rental growth and rent reversion
Like-for-like rental growth of 4.5% in FY 2025 (up from 4.0% in FY 2024); management reported rents on new leases ~4% higher than 2024 (Remon cited ~5% higher for same building vs prior year), driven by indexation and positive rent reversion capture.
Strong earnings and EPS progression
Company-specific adjusted EPRA earnings increased 11.3% year-on-year to EUR 405 million; company-specific adjusted EPS was EUR 0.85, up 6.3% YoY (EPS only missed guidance by EUR 0.01 due to timing of completions).
Significant portfolio revaluation and GAV growth
Portfolio revaluation for 2025 was over EUR 1.1 billion (EUR 422 million from construction/leasing progress; EUR 649 million from standing portfolio revaluation); total portfolio gross asset value (GAV) at year-end EUR 18.5 billion, up 15.6% vs FY 2024.
NAV and shareholder total returns
EPRA NTA per share rose 12.8% from EUR 18.08 to EUR 20.39; total accounting return to shareholders was 16.1% over the past 12 months.
High occupancy, strong collections and tenant mix
Year-end occupancy remained stable at ~93%; rent collection at 99.7% indicating strong tenant credit and cash collection performance; ~70% of new business is with existing clients, supporting retention-driven growth.
Large land bank and geographic expansion
Group land bank more than 33 million sqm (on-balance or under option) enabling long runway for development; specific Italy land bank over 8 million sqm with >200,000 sqm under construction (70% pre-leased) and a target to reach ~1 million sqm lettable area in Italy within ~5 years; exploration and early team set-up in Vietnam.
Robust funding, credit upgrades and liquidity
S&P upgraded CTP to investment-grade BBB (Moody's positive outlook); issued a 4.5-year bond at a 92 bp spread with >EUR 4 billion peak order book; liquidity of ~EUR 2 billion (EUR 700 million cash + EUR 1.3 billion RCF); average debt maturity 4.8 years and weighted average cost of debt 3.3%.
Clear 2026 guidance and midterm growth ambition
Development completions guidance for 2026 of 1.4–1.7 million sqm (includes Italy ~200,000 sqm) with no additional equity required; EPRA EPS guidance for 2026 of EUR 1.01–1.03 implying 9–11% YoY growth; medium-term ambition to double portfolio to 30 million sqm and target ~15% annualized top-line income growth supported by a ~10% yield on cost.
NL:CTPNV Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
NL:CTPNV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 26, 2026 | €19.60 | €18.18 | -7.24% |
Nov 06, 2025 | €18.10 | €18.04 | -0.33% |
Aug 07, 2025 | €18.56 | €18.79 | +1.27% |
May 08, 2025 | €16.08 | €15.75 | -2.08% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does CTP N.V. (NL:CTPNV) report earnings?
CTP N.V. (NL:CTPNV) is schdueled to report earning on Apr 30, 2026, Before Open (Confirmed).
What is CTP N.V. (NL:CTPNV) earnings time?
CTP N.V. (NL:CTPNV) earnings time is at Apr 30, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of CTP N.V. stock?
The P/E ratio of CTP N.V. is N/A.
What is NL:CTPNV EPS forecast?
NL:CTPNV EPS forecast for the fiscal quarter 2026 (Q1) is 0.38.