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NSI N.V./€NSI

1D1W1M3M6MYTD1Y5YMAX

About NSI N.V.

NSI N.V. is a Netherlands-based real estate investment trust (REIT) specializing in owning and managing commercial properties, primarily offices, workspaces, and meeting rooms. As of the end of 2024, the company's portfolio comprised 44 properties with a total leasable area of 346,000 square meters, valued at approximately €1 billion. All rental income is generated within the Netherlands. Headquartered in Amsterdam, NSI N.V. employs 69 individuals. The company focuses on creating environments that foster connection, productivity, and well-being, with a commitment to sustainability through energy efficiency and material reuse. (,)
Ticker
€NSI
Sector
Real Estate
Primary listing
AEX
Employees
63
Headquarters
Amsterdam, Netherlands
Website
www.nsi.nl

NSI N.V. Metrics

BasicAdvanced
€342M
-
-€0.76
-
€1.58
8.99%

What the Analysts think about NSI N.V.

Analyst ratings (Buy, Hold, Sell) for NSI N.V. stock.
Analyst projections of the future price of NSI N.V. stock.

Bulls say / Bears say

Leasing remains healthy across most of NSI’s portfolio: it reported 95.9% tenant retention in Q3 and said vacancy is concentrated in two buildings. Renewals in Utrecht also suggest the weakness is not yet widespread. (NSI N.V., PropertyNL)
NSI’s HNK flexible-office model may support stronger rents: a managed-office letting at Houthavens reportedly achieved more than twice the estimated market rent for conventional space, while HNK Utrecht CS is 95% occupied. NSI plans to expand the model into Noon and Glass House. (PropertyNL)
The Noon redevelopment offers a potential longer-term growth driver, with 14,270 square metres of flexible office space planned in Amsterdam and completion scheduled for the first half of 2028. NSI is targeting high sustainability standards for the upgraded building. (NSI N.V.)
Vivaldi II remains a material vacancy risk: occupancy was still around 12% in Q3, and NSI said its previous ambition to reach about 40% by year-end was no longer realistic. The slow letting leaves a large building contributing little rental income. (PropertyNL, NSI N.V.)
Earnings and rents are under pressure: NSI expects full-year EPRA earnings per share near the bottom of its €1.80–€1.90 range, citing slow leasing at Vivaldi II and an emergency escape-route problem at Atlanta. The latter also creates extra costs and temporarily reduces rental income. (NSI N.V., PropertyNL)
The cancelled Well House scheme shows how higher construction costs can undermine NSI’s development plans: the project failed its investment criteria and triggered a non-cash impairment of about €9.6 million. Cancelling it avoids further exposure but removes a planned source of future growth. (NSI N.V.)
Data summarised monthly by Lightyear AI. Last updated on 27 Oct 2026.

NSI N.V. Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

NSI N.V. Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise

Funds containing NSI N.V.

AllEURUSD
Funds
Fund name
Fund size
€NSI weighting
iShares European Property Yield€IPRP
€745M0.22%
iShares European Property Yield£IPRP
€745M0.22%
iShares Developed Markets Property Yield$IDWP
$921M0.02%
iShares Developed Markets Property Yield£IWDP
$1.2B0.02%
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.