NSI N.V./€NSI
1D1W1MYTD1Y5YMAX
Capital at risk
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
€323M
-
-€0.81
0.68
€1.58
9.49%
Price and volume
Market cap
€323M
Beta
0.68
52-week high
€21.65
52-week low
€16.78
Average daily volume
43K
Dividend rate
€1.58
Financial strength
Current ratio
0.513
Quick ratio
0.503
Long term debt to equity
0.512
Total debt to equity
0.575
Interest coverage (TTM)
6.25%
Profitability
EBITDA (TTM)
48.371
Gross margin (TTM)
78.13%
Net profit margin (TTM)
-20.46%
Operating margin (TTM)
62.20%
Effective tax rate (TTM)
16.66%
Revenue per employee (TTM)
€1,230,000
Management effectiveness
Return on assets (TTM)
2.88%
Return on equity (TTM)
-2.50%
Valuation
Price to revenue (TTM)
3.849
Price to book
0.53
Price to tangible book (TTM)
0.53
Price to free cash flow (TTM)
9.243
Free cash flow yield (TTM)
10.82%
Free cash flow per share (TTM)
1.801
Dividend yield (TTM)
9.49%
Growth
Revenue change (TTM)
-3.20%
Earnings per share change (TTM)
-837.80%
3-year revenue growth (CAGR)
-2.51%
10-year revenue growth (CAGR)
5.25%
3-year earnings per share growth (CAGR)
-52.91%
10-year earnings per share growth (CAGR)
-7.62%
3-year dividend per share growth (CAGR)
-5.46%
10-year dividend per share growth (CAGR)
-3.08%
Bulls say / Bears say
NSI’s conservative balance sheet—with an LTV of 32.1% and no near-term debt maturities—mitigates refinancing risk and enhances financial flexibility (NSI Q1 Trading Update)
The Vitrum redevelopment (now “Noon”) commenced in H1 2026, strengthening NSI’s high-quality, future-proof office portfolio in Amsterdam’s prime Zuidas district (NSI H1 2026 Results)
Management’s launch of a share buyback programme of up to 5% of outstanding shares underscores confidence in NSI’s valuation and commitment to return capital to shareholders (NSI H1 2026 Results)
EPRA vacancy increased to 12.6% in Q1 2026, with half the unoccupied space concentrated in underperforming assets Vivaldi II and Newtonweg, pressuring rental income and re-leasing prospects (NSI Q1 Trading Update)
NSI adjusted its full-year EPRA EPS outlook downward in H1 2026, signalling tempered profit expectations amid slower operational progress (NSI H1 2026 Results)
The cancellation of the Well House development led to a €9.6 million non-cash impairment in H1 2026, highlighting execution risks and forfeited future development returns (NSI Well House Discontinuation)
Data summarised monthly by Lightyear AI. Last updated on 6 Sept 2026.
Upcoming events
No upcoming events
Funds containing NSI N.V.
AllEURGBPUSD
Fund name | Fund size | €NSI weighting |
|---|---|---|
iShares European Property Yield€IPRP | €813M | 0.21% |
iShares European Property Yield£IPRP | £698M | 0.21% |
iShares Developed Markets Property Yield$IDWP | $1.2B | 0.02% |
iShares Developed Markets Property Yield£IWDP | £859M | 0.02% |
Vanguard ESG Global All Cap£V3AB | £905M | 0.00% |
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.