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Retail Estates (RET) investor relations material
Retail Estates Q1 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net rental income rose 4.04% year-over-year to €37.85 million for Q1 2026-2027, driven by portfolio growth and stable occupancy.
EPRA earnings increased 7.68% year-over-year to €24.13 million, with EPRA earnings per share up 5.92% to €1.61.
The fair value of the real estate portfolio reached €2,137.45 million, up 1.70% from the previous quarter, reflecting new acquisitions and value appreciation.
Occupancy rate remained high at 97.71%, nearly unchanged from the prior quarter.
First investment in France completed with the acquisition of a fully let retail park in Osny for €29 million, supporting international growth strategy.
Financial highlights
Net rental income increased by €1.47 million year-over-year, with like-for-like growth of 2.56%.
EPRA NTA per share rose to €85.16 from €76.64 year-over-year.
Net result improved to €17.59 million from €12.10 million year-over-year, reflecting higher rental income and positive fair value adjustments.
Debt ratio decreased to 39.85% from 40.39% sequentially.
Dividend guidance maintained at €5.25 gross per share.
Outlook and guidance
Dividend expected to remain at €5.25 gross per share.
Rising financing costs anticipated to temper EPRA earnings growth in coming quarters.
Macroeconomic uncertainties limit visibility on fair value evolution of properties and hedging instruments.
- Strong occupancy, stable growth, and ESG focus drive robust outlook and dividend guidance.RET
Investor presentation - Modest earnings growth, high occupancy, French expansion, and strengthened financing position.RET
Q4 2026 - Net rental income up 2.40% and net result up 10.77%, with high occupancy and stable dividend.RET
Q3 2026 - Rental income and EPRA earnings rose, with high occupancy and dividend guidance maintained.RET
Q2 2026 - Net rental income rose 3.28% and equity increased by €18 million, with stable portfolio metrics.RET
Q1 2026 - Rental income and EPRA earnings grew, with stable debt and dividend guidance maintained.RET
Q2 2025 - Rental income up, portfolio stable, and dividend guidance maintained amid market uncertainty.RET
Q1 2025 - Record EPRA earnings and portfolio growth support higher dividend outlook for 2025-2026.RET
Q4 2025 - EPRA earnings and rental income hit new highs, with portfolio value up for the 27th year.RET
Q3 2025
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