Vastned Belgium NV/€VASTB
1D1W1M3M6MYTD1Y5YMAX
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
€463M
8.16
€3.40
-
€1.30
4.66%
Price and volume
Market cap
€463M
52-week high
€31.40
52-week low
€28.20
Average daily volume
8.6K
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)
8.158
Price to revenue (TTM)
6.699
Price to book
0.62
Price to tangible book (TTM)
0.62
Price to free cash flow (TTM)
15.276
Free cash flow yield (TTM)
6.55%
Free cash flow per share (TTM)
1.818
Dividend yield (TTM)
4.66%
Forward dividend yield
4.66%
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
Occupancy was 99.0% at the end of June, while like-for-like rents rose 1.6% and first-half rental income increased year on year. This points to resilient demand for Vastned’s well-located retail units. (Vastned)
Redevelopment is adding residential and retail space to the income base: Utrecht’s new apartments were let, and the completed Rue Neuve retail unit in Brussels was handed to its tenant. Further lettings of the remaining project space could support future rental growth. (Vastned)
EPRA LTV edged down to 38.9%, and the 74.5% take-up of the optional dividend helped preserve financial capacity. Vastned maintained its 2026 earnings guidance of €2.05–€2.15 per share and dividend forecast of €1.90 gross per share. (Vastned)
EPRA earnings per share slipped to €1.02 in the first half from €1.05 a year earlier, despite higher rental income. That suggests operating growth has yet to translate into improved recurring earnings per share. (Beursduivel)
Higher interest charges are weighing on earnings, and substantial refinancing needs lie ahead over the coming years. If borrowing costs remain elevated, refinancing could further pressure distributable income. (IEX)
Vastned’s first-quarter update warned that inflation and geopolitical tensions were hurting consumer confidence and could affect tenant activity. Weaker retail spending could eventually put pressure on tenants and rental income. (Vastned)
Data summarised monthly by Lightyear AI. Last updated on 6 Oct 2026.
VASTB Financial Performance
Revenues and expenses
VASTB Earnings Performance
Company profitability
Upcoming events
No upcoming events
Funds containing VASTB
AllEURGBPUSD
Fund name | Fund size | €VASTB weighting |
|---|---|---|
iShares European Property Yield€IPRP | €813M | 0.19% |
iShares European Property Yield£IPRP | £698M | 0.19% |
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 | 0.01% |
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.