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Netherlands' CTP 9M gross rental income rises,  reiterates adjusted EPRA EPS guidance

By Reuters News


Overview

  • Netherlands logistics real estate developer's 9M-2026 gross rental income rose 12.5% yr/yr

  • Adjusted EPRA EPS for 9M-2026 increased 7.4% yr/yr

  • Company announced up to €100 mln share buyback programme


Outlook

  • Company expects 2026 deliveries at lower end of 1.4 mln–1.7 mln sqm guidance range

  • CTP reiterates 2026 adjusted EPRA EPS guidance of €1.01–€1.03

  • Company expects to reach €1.0 bln annualised rental income in 2027


Result Drivers

  • RECORD LEASING ACTIVITY - Co said 9M-2026 leasing volume rose 23% yr/yr, with most new leases signed by existing clients

  • NEW DELIVERIES AND RENT INDEXATION - Co attributed rental income growth to new property completions and CPI-linked rent increases

  • HIGH DEVELOPMENT YIELDS - Co said 9M-2026 property deliveries achieved 10% yield-on-cost and high occupancy


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

9M Gross Rental Income

EUR 632 mln

9M Like-For-Like Rental Growth

4.80%


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the real estate rental, development & operations peer group is "buy"

  • Wall Street's median 12-month price target for Ctp NV is €18.75, about 49% above its October 28 closing price of €12.58

  • The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 15 three months ago


Reuters Recommended Reads

  • Oct 28 - Germany's Vonovia 9M adj. EBITDA rises, outlook cut on higher financing costs

  • Oct 27 - WP Carey Q3 revenue beats estimates, raises annual AFFO forecast on strong investment activity

  • Oct 28 - Four Corners Property Trust Q3 rental revenue rises 13.8%


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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