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Retail Estates - Sicafi

Retail Estates - Sicafi

RET · BR · Real Estate / REIT - Retail

65.00EUR+1.50 (+2.36%)

Price History

Full chart

Market Stats

Previous Close63.50
Open63.90
Day Range63.80 – 65.50
52-Week Range58.23 – 68.17
Volume16.56K
Market Cap937.65M
P/E (TTM)7.59
Forward P/E10.47
EPS8.22
Dividend Yield8.33%
Beta0.57
50-Day Avg65.00
200-Day Avg66.85

About

Retail Estates NV is a niche player specialized in making out of town retail properties located on the periphery of residential areas or along main access roads to urban centers available to users. Retail Estates NV/SA acquires these real estate properties from third parties or builds and commercializes retail buildings for its own account. A typical retail building has an average area of 1,000 m2 square in Belgium and 1,500 m2 in the Netherlands. As of 30 June 2026, Retail Estates NV/SA has 1,017 rental units in its portfolio with a total retail area of 1,203,473 m2, spread over Belgium and the Netherlands. The occupancy rate of the entire portfolio was 97.71% on 30 June 2026. The fair value of the consolidated real estate portfolio of Retail Estates NV/SA on 30 June 2026 is estimated at 2,137.45 million euros by independent real estate experts. Retail Estates NV/SA is listed on Euronext Brussels and Euronext Amsterdam and is registered as a public regulated real estate company. Retail Estates N.V. was incorporated in 1988 in Belgium.

Company Details

  • SectorReal Estate
  • IndustryREIT - Retail
  • CEOMr. Nicolas Beaussillon
  • Employees46
  • HeadquartersIndustrielaan 6, Brussels, Belgium, 1000, Belgium
  • Websitehttps://www.retailestates.com

Leadership

  • Mr. Nicolas BeaussillonCEO, MD & Director · b. 1980
  • Ms. Kara De SmetCFO & Executive Director · b. 1976
  • Mr. Koenraad Van NieuwenburgChief Investment Officer
  • Mr. Thomas OomsConstruction & Technical Manager
  • Ms. Runa Vander EecktChief Legal Officer & Compliance Officer
  • Mr. Wilfried Van LaethemFinancial Controller
  • Mr. Johan JanssensSenior Property Manager
  • Ms. Katja AppelmansIncasso Manager

Financials

Income Statement

Currency: EUR2005-03-312006-03-312007-03-312008-03-312009-03-312010-03-312011-03-312012-03-312013-03-312014-03-312015-03-312016-03-312017-03-312018-03-312019-03-312020-03-312021-03-312022-03-312023-03-312024-03-312025-03-312026-03-31
Total Revenue15.28M15.55M16.86M23.08M27.87M34.00M37.28M38.65M45.66M52.69M58.50M67.96M73.02M85.62M105.81M120.03M113.20M127.74M138.86M154.14M158.99M161.50M
Growth (%)-+1.76%+8.41%+36.91%+20.79%+21.99%+9.62%+3.67%+18.17%+15.39%+11.03%+16.16%+7.45%+17.26%+23.58%+13.44%-5.69%+12.84%+8.71%+11.00%+3.14%+1.58%
Cost of Revenue2.14M1.95M2.05M2.71M3.33M5.01M5.05M4.61M6.24M7.63M7.97M8.81M9.66M11.58M15.16M23.25M21.75M25.46M31.50M36.54M37.10M37.28M
Gross Profit13.14M13.60M14.81M20.37M24.55M29.00M32.22M34.04M39.42M45.06M50.53M59.15M63.35M74.04M90.66M96.79M91.45M102.27M107.36M117.60M121.89M124.21M
Gross Margin86.00%87.45%87.84%88.27%88.07%85.27%86.44%88.08%86.33%85.51%86.38%87.04%86.76%86.48%85.68%80.63%80.79%80.06%77.31%76.29%76.67%76.91%
Operating Expense4.23M5.23M1.74M2.24M12.81M15.16M16.18M17.22M3.27M19.79M21.75M16.81M6.78M6.60M23.70M31.03M2.04M-27.82M-30.74M22.84M19.07M4.07M
Operating Income8.91M8.37M13.06M18.13M11.74M13.83M16.05M16.82M36.15M25.27M28.78M42.34M56.57M67.44M66.96M65.76M89.41M130.09M138.10M94.77M102.82M120.15M
Operating Margin58.34%53.80%77.50%78.58%42.11%40.68%43.05%43.53%79.16%47.95%49.19%62.30%77.48%78.77%63.28%54.78%78.98%101.85%99.45%61.48%64.67%74.40%
EBITDA8.97M23.14M27.43M29.52M24.73M28.03M40.30M41.41M46.10M45.24M53.02M59.96M70.94M65.78M74.79M80.88M84.90M154.44M195.12M146.87M132.70M150.76M
EBITDA Margin58.71%148.79%162.74%127.90%88.74%82.44%108.12%107.15%100.96%85.85%90.63%88.24%97.16%76.83%70.68%67.38%75.00%120.91%140.51%95.28%83.47%93.35%
Net Income12.46M19.47M23.02M21.14M14.00M15.33M26.69M27.36M29.58M28.57M35.24M42.03M52.14M46.70M54.48M58.10M61.44M131.84M180.62M122.97M106.70M122.95M
Net Income Margin81.54%125.22%136.59%91.61%50.24%45.08%71.61%70.80%64.78%54.22%60.23%61.86%71.40%54.54%51.49%48.40%54.27%103.21%130.07%79.78%67.11%76.13%
Interest Expense-3.42M4.01M7.57M10.15M12.23M13.07M13.96M14.73M16.01M17.27M16.92M18.27M17.44M18.55M19.27M20.59M18.57M19.14M21.67M20.23M20.79M
Interest Expense % of Total Revenue-22.02%23.78%32.79%36.41%35.98%35.07%36.13%32.26%30.39%29.52%24.90%25.03%20.37%17.53%16.06%18.19%14.53%13.78%14.06%12.72%12.87%

Balance Sheet

Currency: EUR2005-03-312006-03-312007-03-312008-03-312009-03-312010-03-312011-03-312012-03-312013-03-312014-03-312015-03-312016-03-312017-03-312018-03-312019-03-312020-03-312021-03-312022-03-312023-03-312024-03-312025-03-312026-03-31
Total Assets190.04M205.94M264.32M334.11M398.50M453.24M522.28M554.94M687.51M755.87M847.44M1.02B1.09B1.39B1.56B1.79B1.76B1.81B1.99B2.13B2.16B2.20B
Total Liabilities68.11M72.78M117.22M170.12M240.24M262.20M292.67M313.61M417.92M399.34M466.23M541.45M572.37M825.84M855.97M986.15M954.78M891.25M889.30M956.58M929.06M903.57M
Total Equity121.93M133.17M147.09M163.35M158.26M190.51M229.61M241.34M269.59M356.52M381.21M474.17M514.97M568.33M707.93M798.99M808.22M920.98M1.10B1.17B1.22B1.29B
Cash13.36M16.66M11.31M4.28M582.00K642.00K1.15M1.45M1.88M2.19M1.47M1.31M978.00K3.39M3.16M98.08M3.68M1.48M4.13M7.09M2.92M2.09M
Total Debt63.69M68.40M107.37M157.81M213.62M237.52M261.77M273.64M346.67M350.10M367.84M458.25M516.24M782.38M789.05M931.79M894.80M865.71M841.70M913.87M890.44M860.25M
Net Debt50.34M51.74M96.06M153.53M213.04M236.88M260.62M272.19M344.79M347.91M366.37M456.94M515.26M779.00M785.89M833.70M891.12M864.23M837.57M906.78M887.52M858.17M

Cash Flow

Currency: EUR2005-03-312006-03-312007-03-312008-03-312009-03-312010-03-312011-03-312012-03-312013-03-312014-03-312015-03-312016-03-312017-03-312018-03-312019-03-312020-03-312021-03-312022-03-312023-03-312024-03-312025-03-312026-03-31
Operating Cash Flow8.62M7.92M14.93M6.59M7.32M-123.00K14.27M20.05M15.36M4.68M33.33M29.42M33.45M50.20M45.77M53.42M62.32M81.17M93.69M75.86M95.45M95.83M
Investing Cash Flow-6.36M-1.74M-50.59M-30.05M-42.40M6.00M-18.66M-10.17M-58.18M-56.06M-59.56M-92.90M-37.27M-282.39M-120.78M-73.48M-66.41M2.96M-69.56M-92.29M-24.01M10.20M
Financing Cash Flow5.21M-2.88M30.31M16.42M31.39M-5.82M4.89M-9.58M43.26M51.69M25.51M63.33M3.49M234.60M74.78M114.99M-90.31M-86.33M-21.48M19.39M-75.62M-106.86M
Capital Expenditure6.34M850.00K463.00K5.04M3.83M11.87M16.86M25.90M138.00K78.00K204.00K1.35M762.00K361.00K951.00K5.13M763.00K3.25M3.07M4.04M1.16M1.35M
Free Cash Flow2.28M7.07M14.47M1.55M3.49M-12.00M-2.58M-5.84M15.22M4.61M33.13M28.07M32.68M49.84M44.82M48.29M61.56M77.92M90.62M71.82M94.30M94.48M
Dividends Paid3.46M7.99M8.21M8.49M9.20M9.77M11.61M13.45M7.07M16.86M21.87M23.43M28.37M29.73M40.99M25.48M53.40M57.00M60.84M69.02M71.88M56.90M
FCF to OCF26.46%89.27%96.90%23.58%47.64%9752.85%-18.10%-29.14%99.10%98.34%99.39%95.40%97.72%99.28%97.92%90.40%98.78%95.99%96.72%94.68%98.78%98.59%
Dividend Paid to FCF151.84%113.03%56.73%546.24%263.69%-81.42%-449.63%-230.24%46.46%365.92%66.02%83.49%86.81%59.65%91.47%52.77%86.74%73.15%67.14%96.10%76.23%60.22%

Earnings

Report DateMay 19, 2017Nov 20, 2017Feb 19, 2018May 18, 2018Jul 27, 2018Nov 30, 2018Feb 15, 2019May 17, 2019Jul 26, 2019Nov 15, 2019Feb 14, 2020Jun 12, 2020Sep 4, 2020Nov 27, 2020Feb 12, 2021May 26, 2021Aug 24, 2021Nov 22, 2021Feb 18, 2022May 23, 2022Aug 29, 2022Nov 21, 2022Feb 20, 2023May 26, 2023Aug 1, 2023Nov 20, 2023Feb 26, 2024May 27, 2024Jul 26, 2024Nov 18, 2024Feb 24, 2025Jun 13, 2025Jul 28, 2025Nov 14, 2025Feb 16, 2026Nov 13, 2026
EPS Estimate0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.001.460.000.000.001.39-0.000.001.580.004.681.500.000.000.000.00-0.00--
EPS Actual3.612.520.002.480.002.420.002.420.001.740.002.990.001.950.004.861.463.490.0010.231.397.720.000.001.580.004.681.500.002.884.714.401.523.171.51-
Surprise----------------0.00%---0.00%---0.00%-0.00%0.00%--------
Timing----------------Pre-marketPre-market-Pre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours------After-hours-After-hoursPre-market

Key Statistics & Ratios

Market Cap937.65M
Enterprise Value1.82B
Trailing P/E7.59
Forward P/E10.47
Price / Sales6.55
Price / Book0.75
EPS8.22
Book Value85.64
Revenue (TTM)143.10M
Gross Profit (TTM)128.42M
EBITDA119.26M
Profit Margin85.92%
Operating Margin83.16%
Return on Equity9.80%
Return on Assets3.38%
Shares Outstanding15.03M
Shares Float11.59M
Beta0.57
Dividend Yield8.33%
Dividend Rate5.20
Payout Ratio77.78%

Dividends

20261×
3.64Jul 23, 2026
20251×
3.57Jun 2, 2025
20241×
3.50May 28, 2024
20231×
3.43May 31, 2023
20221×
3.22Jun 10, 2022
20211×
3.15Jul 22, 2021
20201×
3.08Jul 22, 2020
20191×
2.98May 31, 2019
20181×
2.52Jul 27, 2018
20171×
2.28Jul 28, 2017
20161×
2.30Jul 6, 2016
20151×
2.29Jul 8, 2015
20141×
2.16Jul 8, 2014
20131×
2.09Jun 28, 2013
20121×
2.07Jun 28, 2012
20111×
2.14Jun 30, 2011
20101×
2.08Jul 1, 2010
20091×
2.02Jul 2, 2009
20081×
1.95Jul 1, 2008
20071×
1.89Jul 3, 2007
20061×
1.83Jul 4, 2006
20051×
1.78Jul 5, 2005
20041×
0.77Jul 2, 2004
20031×
0.79Dec 31, 2003

Stock Splits

  • Apr 12, 2018689:679
  • May 7, 2015626:609
  • Jun 7, 2013229:223
  • May 27, 2003948:905
  • Mar 26, 19991544:1539