VASTNED BELGIUM
Identification
Symbol
VASTB
ISIN code
BE0003754687
Exchange / Market
Euronext
Trading location
Amsterdam
ICB
35102045 Retail REITs
Website address
https://www.vastned.com
Operation
IPO date
Thu 02/01/2025
IPO type
Direct listing
Dual listing
Company profile
Vastned NV (formerly Vastned Belgium NV) is a public regulated real estate company (RREC) under Belgian law, specialized in Belgian commercial real estate investment. At the end of 2023 the market value of the investment properties, with a total leasable space of 75,165 m2, was estimated at a fair value of EUR 309.6 million. The majority of the real estate portfolio consisted of high-quality inner-city real estate located in the cities of Antwerp, Brussels, Ghent and Bruges and qualitative retail parks. The remaining portfolio consists of inner-city shops outside of the premium cities, qualitative retail parks and retail warehouses. Furthermore, a limited part of the real estate portfolio consists of catering and residential units.
The geographic spread of the portfolio is as follows: Flanders (72%), Brussels (19%) and Wallonia (9%).
Source:
Cofisem
-
Last Update:
25 Feb 2025
Key Executives
| Chief Executive Officer | Sven Bosman | ||||
| Chief Financial Officer | Barbara Gheysen | ||||
| Strategy Director | Reinier Walta | ||||
| Source: Cofisem - Last Update: 25 Feb 2025 | |||||
Key figures
| Millenium | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Gross rental income | 18.441 | 18.507 | 17.467 | 17.010 | 16.258 |
| Income from ordinary activities | 18.782 | 18.915 | 17.534 | 17.010 | 16.258 |
| Charges directly allocated to real estate, contracts | -146 | -193 | |||
| Income from divestment of real estate | 409 | 5 | 0 | 362 | 1.508 |
| Operating income | 14.726 | 15.114 | 12.750 | 4.860 | -7.162 |
| Cost of financial indebtedness net | 3.158 | 1.837 | 1.573 | 1.593 | 1.701 |
| Equity-accounted companies contribution to income | |||||
| Net profit from discontinued activities | |||||
| Net income | 10.642 | 11.289 | 14.491 | 4.092 | -8.524 |
| Net income (Group share) | 10.642 | 11.289 | 14.491 | 4.092 | -8.524 |
| Fiscal year end | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Length of fiscal year (month) | 12 | 12 | 12 | 12 | 12 |
| Currency & Unit | EUR - thousands | EUR - thousands | EUR - thousands | EUR - thousands | EUR - thousands |
| Account Standards | IFRS | IFRS | IFRS | IFRS | IFRS |
| Source: Cofisem - Last Update: 25 Feb 2025 | |||||