Eurocommercial Properties NV (NL:ECMPA)
:ECMPA
Want to see NL:ECMPA full AI Analyst Report?
Earnings Data
Report Date
Aug 27, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
―Last Year’s EPS
1.22Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a predominantly positive operational and financial performance: strong rental and sales growth, very low vacancy (1%), high collection (99%), successful leasing uplifts, extensive refinancing to extend maturities, an accretive strategic acquisition (Avion) and meaningful ESG progress. Lowlights are manageable and mostly relate to transactional details (Avion vacancy needing leasing work), modest indexation in 2026, cautious near‑term guidance, small remerchandising rent loss (~EUR 1.5m) and a slight expected uptick in interest expense as debt is re‑profiled long term. On balance the highlights substantially outweigh the lowlights, indicating confidence in portfolio resilience and value‑creation prospects.Company Guidance
Strategic Acquisition of Avion Shopping (Sweden)
Announced acquisition for ~EUR 110 million of Avion Shopping (Umea): ~45,000 sqm GLA, ~80 shops/restaurants, 7 new large-format retail boxes, direct internal link to IKEA. Expected close 31 March 2026. Transaction increases Sweden exposure to 23% of portfolio and is described as accretive with an expected unlevered net initial yield of ~8% and ~1.5% estimated contribution to group value/NTA.
Strong Like‑for‑Like Rental and Sales Growth
Like‑for‑like rental growth of 3.4% in 2025 and retail sales growth of 3.4% year‑on‑year. January 2026 retail sales continued to accelerate (+6.5% for the portfolio, Italy +9.5%).
Healthy Leasing Metrics and Rental Uplifts
297 lease renewals/relettings produced average rental uplift of 4.8% (representing 40% of minimum guaranteed rent). 101 new relettings achieved uplift of 8.8%. Italy: 92 deals (overall uplift 7.9%), 48 new lettings +13.1% (I Gigli highest +16.4%). Belgium (Woluwe) renewals/relettings uplift 5.8%.
Very Low Vacancy and High Collection Rate
Portfolio vacancy reduced to 1% (lowest since Dec 2020) and collection rate at 99%, indicating strong tenant cash collection and portfolio quality.
Improved Footfall and Tenant Performance
Footfall increased +6.2% in flagship centers and +2.8% across the portfolio despite remerchandising; Woluwe footfall +10%. Remerchandising projects delivered double‑digit turnover growth and near‑100% occupancy where completed.
Strong Financial Position and Capital Allocation
Net debt stable at ~EUR 1.6 billion; net LTV improved to 39.8% (down 1.5 ppt). EPRA NTA increased to EUR 42.81 (from EUR 41.79). Direct investment result increased to EUR 131.8 million (from EUR 127.9m). Dividend increased to EUR 1.83 per share. Nearly EUR 1 billion of long‑term refinancing completed, extending average loan maturity to almost 5 years and hedging level at ~87%.
ESG and Sustainability Achievements
Scope 1 & 2 emissions down 40%; Scope 1/2/3 down 23%. Renewable energy in landlord‑controlled areas 93%; waste to landfill down 7%. Nearly all gas installations removed; 83% of assets EPC A, B or C. Green financing ~EUR 1 billion.
High Demand from Strong Retail Brands
Continued attraction of powerful international brands: Inditex represented by 35 stores in portfolio; Primark expansion (3 more planned); health & beauty, fashion and F&B were strong leasing sectors.
NL:ECMPA 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:ECMPA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | €27.55 | €27.35 | -0.73% |
Mar 06, 2026 | €27.10 | €26.60 | -1.85% |
Oct 30, 2025 | €25.10 | €25.20 | +0.39% |
Aug 28, 2025 | €26.51 | €26.37 | -0.55% |
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 Eurocommercial Properties NV (NL:ECMPA) report earnings?
Eurocommercial Properties NV (NL:ECMPA) is schdueled to report earning on Aug 27, 2026, TBA (Confirmed).
What is Eurocommercial Properties NV (NL:ECMPA) earnings time?
Eurocommercial Properties NV (NL:ECMPA) earnings time is at Aug 27, 2026, TBA (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 Eurocommercial Properties NV stock?
The P/E ratio of Eurocommercial Properties NV is N/A.
What is NL:ECMPA EPS forecast?
Currently, no data Available