Vastned Belgium NV/€VASTB
1D1W1MYTD1Y5YMAX
Capital at risk
About Vastned Belgium NV
Vastned is a Belgian public regulated real estate company (RREC) specializing in commercial real estate investments across Belgium, the Netherlands, France, and Spain. Its portfolio includes high-quality inner-city retail properties in cities such as Antwerp, Brussels, Ghent, and Bruges, as well as retail parks and warehouses. On January 1, 2025, Vastned Retail N.V. merged into Vastned Belgium NV, consolidating operations under the name "Vastned" with headquarters in Antwerp, Belgium. This merger aimed to simplify the organizational structure, achieve operational cost synergies, and enhance portfolio diversification. Vastned's strategic focus is on owning and actively managing a high-quality real estate portfolio with development opportunities, emphasizing heritage preservation and sustainability.
- Ticker
- €VASTB
- Sector
- Real Estate
- Primary listing
- BSE
- Employees
- 28
- Headquarters
- Amsterdam, Netherlands
- Website
- www.vastned.be
VASTB Metrics
BasicAdvanced
€468M
8.22
€3.40
-
€1.30
4.63%
Price and volume
Market cap
€468M
52-week high
€31.40
52-week low
€28.20
Average daily volume
8.9K
Dividend rate
€1.30
Financial strength
Current ratio
0.443
Quick ratio
0.244
Long term debt to equity
0.634
Total debt to equity
0.668
Dividend payout ratio (TTM)
25.57%
Interest coverage (TTM)
3.01%
Profitability
EBITDA (TTM)
57.274
Gross margin (TTM)
91.42%
Net profit margin (TTM)
82.11%
Operating margin (TTM)
83.14%
Effective tax rate (TTM)
13.28%
Revenue per employee (TTM)
€2,430,000
Management effectiveness
Return on assets (TTM)
2.74%
Return on equity (TTM)
7.74%
Valuation
Price to earnings (TTM)
8.217
Price to revenue (TTM)
6.747
Price to book
0.63
Price to tangible book (TTM)
0.63
Price to free cash flow (TTM)
15.386
Free cash flow yield (TTM)
6.50%
Free cash flow per share (TTM)
1.818
Dividend yield (TTM)
4.63%
Forward dividend yield
4.63%
Growth
Revenue change (TTM)
321.93%
Earnings per share change (TTM)
-68.85%
3-year revenue growth (CAGR)
-0.51%
10-year revenue growth (CAGR)
-2.61%
3-year earnings per share growth (CAGR)
45.01%
10-year earnings per share growth (CAGR)
2.62%
3-year dividend per share growth (CAGR)
0.36%
10-year dividend per share growth (CAGR)
-0.97%
Bulls say / Bears say
Vastned reported strong first-half operating metrics: like-for-like portfolio fair value rose €17.8 million, or 1.4%, while occupancy remained 99.0% and EPRA earnings reached €1.02 per share. (Vastned)
Balance-sheet risk improved, with EPRA LTV declining to 38.9%; the company also signed a new €30 million credit facility, supporting liquidity and future investment flexibility. (GlobeNewswire)
Shareholder participation in the optional dividend was 74.5%, allowing Vastned to retain cash and strengthen equity by approximately €15.6 million; management also confirmed a €1.90 gross-per-share dividend forecast for 2026. (Vastned)
Management’s 2026 EPRA earnings-per-share guidance of €2.05–€2.15 implies that earnings remain sensitive to financing costs and require a stable portfolio to be achieved. (Vastned)
The optional dividend increased the number of shares with dividend rights to 16,734,247 after 581,175 treasury shares were distributed, creating per-share dilution even though it preserved approximately €15.6 million of cash. (GlobeNewswire)
Belgian occupancy weakened in the first quarter after a tenant bankruptcy, highlighting tenant and leasing risk despite the group-wide occupancy rate remaining high at 98.6%. (GlobeNewswire)
Data summarised monthly by Lightyear AI. Last updated on 8 Sept 2026.
Upcoming events
No upcoming events
Funds containing VASTB
AllEURGBPUSD
Fund name | Fund size | €VASTB weighting |
|---|---|---|
iShares European Property Yield€IPRP | €813M | 0.20% |
iShares European Property Yield£IPRP | £698M | 0.20% |
iShares Developed Markets Property Yield$IDWP | $1.2B | 0.02% |
iShares Developed Markets Property Yield£IWDP | £859M | 0.02% |
Xtrackers MSCI Europe Small Cap€DX2J | €3.2B | 0.02% |
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.