Wereldhave NV (WHA) AI Stock Analysis

• Market Cap: €1.04B
• Dividend Yield: 6.53%
• Average Volume (3M): 79.90K
• Price to Earnings (P/E): 12.0
• Beta (1Y): 0.49
• Revenue Growth: 7.34%
• EPS Growth: -14.14%
• Country: NL
• Employees: 96
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Retail
• EPS (TTM): 0.59
• Shares Outstanding: 46,659,730
• 10 Day Avg. Volume: 72,950
• 30 Day Avg. Volume: 79,902
• PEG Ratio: -0.30
• Price to Book (P/B): 0.81
• Price to Sales (P/S): 4.08
• P/FCF Ratio: 8.44
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €18.10
• Price Target Upside: -14.01% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): 1.84
• Revenue Forecast (FY): €184.52M

• Rating: 70 Outperform
• Price Target: €24.00 ▲(14.01% Upside)
• Action: Reiterated Date: 02/18/26
• Date: Action: Reiterated 02/18/26

The score is driven primarily by improved fundamentals and strong cash generation, supported by an established technical uptrend. Valuation also helps, with a moderate P/E and high dividend yield. The key constraint is balance-sheet risk from higher leverage and the company’s history of earnings volatility.

Positive Factors

Improving cash generation

A material step-up in free cash flow improves durable liquidity and internal funding capacity. Strong FCF lets the company sustain distributions, fund selective development/refresh projects, and service debt without relying on equity issuance, raising long-term resilience.

Negative Factors

Elevated and rising leverage

Leverage at or near parity with equity and a 2025 increase reduces financial flexibility and heightens refinancing and interest-rate sensitivity. Higher debt limits ability to absorb property-cycle shocks and can pressure distributions or asset sales if markets tighten.

Wereldhave NV Business Overview & Revenue Model

Company Description

At Wereldhave, we're reinventing shopping centers. Our centers are places where people go, not only to shop, but also to work, relax and spend time with friends and family. We now own and operate 30 center locations across the Netherlands, Belgium...

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At Wereldhave, we're reinventing shopping centers. Our centers are places where people go, not only to shop, but also to work, relax and spend time with friends and family. We now own and operate 30 center locations across the Netherlands, Belgium...

How the Company Makes Money

Wereldhave generates revenue primarily through rental income from its portfolio of shopping centers and retail properties. The company leases space to a variety of tenants, including international and local retailers, which provides a stable incom...

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Wereldhave generates revenue primarily through rental income from its portfolio of shopping centers and retail properties. The company leases space to a variety of tenants, including international and local retailers, which provides a stable incom...

Wereldhave NV Financial Statement Overview

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	215.86M	192.12M	184.16M	162.67M	190.77M
Gross Profit	154.50M	138.42M	126.42M	120.72M	124.67M
EBITDA	143.94M	174.16M	108.47M	97.01M	105.99M
Net Income	73.34M	115.84M	79.42M	57.27M	-226.25M
Balance Sheet
Total Assets	2.64B	2.36B	2.28B	2.10B	2.04B
Cash, Cash Equivalents and Short-Term Investments	105.56M	18.32M	25.54M	14.35M	26.77M
Total Debt	1.12B	953.14M	960.46M	873.27M	833.16M
Total Liabilities	1.30B	1.09B	1.08B	974.81M	941.96M
Stockholders Equity	1.09B	1.02B	964.48M	885.68M	866.82M
Cash Flow
Free Cash Flow	104.47M	92.18M	81.41M	66.52M	80.00M
Operating Cash Flow	104.64M	92.36M	82.55M	66.60M	80.41M
Investing Cash Flow	-147.74M	-39.40M	-98.64M	-56.52M	350.01M
Financing Cash Flow	130.34M	-60.19M	27.29M	-22.49M	-470.65M

Wereldhave NV Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 21.05
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:WHA, the sentiment is Positive. The current price of 21.05 is below the 20-day moving average (MA) of 21.16, below the 50-day MA of 21.49, and above the 200-day MA of 19.43, indicating a bullish trend. The MACD of -0.01 indicates Negative momentum. The RSI at 53.27 is Neutral, neither overbought nor oversold. The STOCH value of 87.19 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NL:WHA.

Wereldhave NV Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CTPNV	73 Outperform	€7.71B	8.22	―	3.51%	20.65%	23.70%
WHA	70 Outperform	€1.04B	12.02	8.70%	6.53%	7.34%	-14.14%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%