Core Insights - The company reported a direct result of € 1.86 per share for 2025, exceeding the guidance of € 1.80-1.85 [2] - The occupancy rate reached 98%, the highest level since 2013 [2] - Like-for-like rental growth was +6%, attributed to an improved Dutch retail market and a focus on other income [2] - The company disposed of the Dutch FSC Sterrenburg for € 60 million at book value in December 2025 [2] - The cost base remained stable despite portfolio growth and inflation [2] - Total shareholder return for 2025 was +51% [2] - A proposed dividend of € 1.30 per share for 2025 represents a +4% increase [2] - The outlook for 2026 indicates a direct result per share of € 1.85-1.95 [2]

Core Insights - Wereldhave has successfully executed a series of strategic transactions, including the sale of the Full Service Center Sterrenburg in Dordrecht, the acquisition of Ville2 in Charleroi, and securing new long-term financing, which collectively enhance the company's balance sheet [1][2][3][4]. Group 1: Sale of Sterrenburg - The Full Service Center Sterrenburg in Dordrecht was sold for gross proceeds of €60 million, which aligns with the asset's book value, and the transfer occurred on December 24, 2025 [2]. Group 2: Acquisition of Ville2 - The acquisition of shopping center Ville2 in Charleroi, Belgium, was completed, funded by €82 million raised through a rights issue and €40 million in new debt from core banks, with the asset transfer taking place on December 17, 2025 [3]. Group 3: New Financing Arrangements - Wereldhave Belgium secured €30 million through a private placement with Royal London Asset Management for a 10-year term and extended €55 million in existing bank facilities, significantly increasing the average debt maturity from 3.2 years to 4.2 years [4]. Group 4: Management Commentary - The CFO of Wereldhave highlighted the successful execution of the capital rotation strategy, which involved disposing of three Dutch assets and making accretive acquisitions while maintaining a solid balance sheet [5].

On the back of solid operational results, FY 2025 DRPS guidance raised to € 1.80-1.85 (previously € 1.75-1.85)Like-for-like net rental income growth in core countries 4.3%, driven by positive leasing spreads and growth in other rental incomeStrategic partnership signed with Ocean Outdoor in the Netherlands for multimedia network with over 150 digital screens, boosting other rental income as of 2026First lease signed with popular and expanding off-price retailer TK Maxx for 2,000 m² in TilburgWith delivery o ...

Group 1 - Wereldhave has partnered with Ocean Outdoor Netherlands to install and operate over 150 new digital advertising screens across 11 shopping and Full Service Centers in the Netherlands [1] - The new digital screen network is set to launch in early 2026 and aims to enhance customer experience while providing a high-impact platform for tenants, brands, and media agencies to reach millions of consumers [2] - The partnership is expected to positively impact Wereldhave's Direct Result Per Share (DRPS) by at least € 0.03 annually [2] Group 2 - Matthijs Storm, CEO of Wereldhave, highlighted the value of their Dutch centers, which attract nearly 69 million annual visitors, creating a significant media channel for advertisers [3] - The collaboration with Ocean Outdoor is part of Wereldhave's strategy to grow Mall Income, which has already seen significant growth through various income streams including media and advertising partnerships [3] - The partnership is expected to strengthen the financial performance of Wereldhave's centers and support its long-term value creation strategy [3] Group 3 - Ocean Outdoor Netherlands is a leader in Digital Out-of-Home (DOOH) advertising, reaching over 20 million people daily with 335 screens across 195 locations [4] - The company combines technology, data, and creativity to transform spaces into impactful brand experiences [4]

Core Insights - Wereldhave has appointed Fleur van der Erve as Director of Investor Relations & Investments to support its growth ambitions and enhance communication with the investment community [1] - Fleur van der Erve will act as the primary point of contact for shareholders and investment partners [1] - Fleur brings extensive experience in the real estate sector, having previously worked at Unibail-Rodamco-Westfield and Orange Capital Partners in Amsterdam [1]

Core Insights - The company raised its forecast for FY 2025 direct result per share (DRPS) to € 1.75-1.85 from € 1.70-1.80 [2] - The company sold € 108 million of non-core assets at book value [2] - There was a 6% like-for-like net rental income growth and a 2% increase in retailer sales within the core portfolio [2] - The debt profile was strengthened through a € 125 million refinancing, which included an inaugural European Private Placement (EUPP) [2] - Fitch reaffirmed the company's credit rating at BBB with a stable outlook [2] - The company established its first Dutch joint venture with Sofidy for the Stadshart Zoetermeer project [2] - Transformations for the 2025 Full Service Centers in Kronenburg and Nivelles are on track regarding costs and lettings [2] - The company is actively screening acquisition opportunities in Belgium and Luxembourg [2]

Core Insights - Wereldhave and Sofidy have partnered to acquire the Stadshart Zoetermeer shopping center and parking garages in the Netherlands for a total purchase price of €150 million, which includes a 15% equity stake from Wereldhave [1][2] - The acquisition aligns with Wereldhave's strategy and marks its first joint venture, with plans to enhance asset value through active management [1][3] - The shopping center has a gross lettable area of approximately 59,000 m² and attracts over 8 million visitors annually, making it a significant retail destination [4] Financial Details - The total purchase price is €150 million (€165.6 million including transaction taxes), with a loan-to-value ratio of 40% financed through a secured green five-year loan [2] - The transaction is expected to positively impact Wereldhave's Direct Result Per Share (DRPS) by €0.04 annually [2] Strategic Implications - The partnership with Sofidy allows Wereldhave to leverage its management expertise while maintaining a minority stake, in line with its value creation strategy [3] - The transaction is scheduled to close at the end of the second quarter of 2025, indicating a forward-looking approach to asset management [3]

Core Insights - Wereldhave has successfully acquired three retail units in Tilburg, Netherlands, with a total gross leasable area of 2,756 m² for €5.4 million, reflecting a net initial yield of 11% [1] - The acquisition was fully settled in newly issued shares, indicating strong investor confidence [1] - The transaction is expected to be marginally EPS-accretive and will improve the loan-to-value ratio by approximately 10 basis points [2] Company Strategy - The acquisition is part of the Full Service City Center Tilburg initiative, aimed at enhancing the attractiveness and competitiveness of the city center [3] - The project, which opened in 2022, is one of the largest inner-city redevelopment efforts in the Netherlands, linking two of Wereldhave's centers [3] - Wereldhave has improved the tenant mix in the area, incorporating a diverse range of retail, food and beverage, leisure, and public services [4] Tenant Information - Key tenants in the Full Service Center include well-known brands such as Action, Amac, Costes, Coffeecompany, C&A, Decathlon, Guts & Gusto, Mango, MediaMarkt, New Yorker, The Sting, Søstrene Grene, and Starbucks [4] - The newly acquired retail units are currently leased to Jack's Casino and food and beverage operators Waw Burger and XL 013 [4]