Wereldhave Half-year results 2026
Summary by AI BETAClose X
Wereldhave reported positive half-year results for 2026, driven by a 4.3% like-for-like gross rental income growth in its core portfolio, supported by higher passing rents in the Netherlands and Belgium. The company secured €60 million in new 10-year US Private Placement debt, enhancing its maturity profile, and Fitch reaffirmed its BBB credit rating with a stable outlook. Major transformation projects at Knauf Shopping Schmiede and Cityplaza are progressing well, and the company confirmed its full-year 2026 direct result per share forecast at €1.85-€1.95, with earnings accretive capital rotation underway in the Benelux.
- Positive Dutch and Belgian valuations, mainly supported by higher passing rents
- Like-for-like gross rental income growth of +4.3% in our core portfolio
- Well protected against higher interest rates through low capex, completed refinancing and 64% daily-life exposure
- Major steps forward in transformations of Knauf Shopping Schmiede and Cityplaza with mixed-use additions
- € 60m in new 10-year US Private Placement (USPP) agreed; further strengthening the debt maturity profile
- Fitch reaffirmed Wereldhave’s BBB credit rating with a stable outlook
- May AGM approved all resolutions, strengthening access to new equity
- Forecast FY 2026 direct result per share (DRPS) confirmed at € 1.85-1.95
- Earnings accretive capital rotation in LOI stage in the Benelux
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