Q4 2025 Montea NV Earnings Call Transcript

Feb 12, 2026 / 10:00 AM GMT

Release Date Price: $71.23

Transcript

Key Points

Positve

Montea NV (XBRU:MONT) achieved an 8% year-on-year growth in recurring EPRA EPS, reaching €4.90 per share.
The company successfully let and relet 250,000 square meters in its existing portfolio and signed 35,000 square meters of new developments at average rents 9% higher than before.
Montea NV (XBRU:MONT) reported a 21% increase in net rental income compared to 2024, driven by portfolio expansion and strong like-for-like rental growth.
The operating margin improved to 88.9%, with an EPRA cost ratio of 11.3% for 2025.
The company maintains a prudent balance sheet with a loan-to-value ratio of 38.1% and an interest cover ratio of 4.5 times, supported by a Fitch investment grade credit rating of BBB with a stable outlook.

Negative

There is a delay in new developments due to strategic decisions to focus on big box developments, which are taking longer to lease.
The company faces challenges in the German market, where achieving the target yield of 6.5% is difficult.
Montea NV (XBRU:MONT) revised its 2027 investment targets downward due to delays in some projects.
The company has a high occupancy rate of 99.8%, which limits the availability of square meters for leasing.
There is a slowdown in new developments, leading to a reduction in the ambition under Track 27 from €75 million to €60 million in green investments.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

MONTE.BR - Montea NV
Q4 2025 Montea NV Earnings Call
Feb 12, 2026 / 10:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning. Good morning to you all in the room and good morning to you all on the screen. Good morning from Brussels and thank you all for joining our 2025 results presentation.

As policymakers and business leaders met in Antwerp yesterday to discuss the future of European industry, we're here with a positive signal from the front line, our strong figures and positive outlook for this year.

Today we will give you a presentation. I will start with the highlights, the exceptional leasing momentum. We've been able to let and relet 250,000 square meters in our existing portfolio and sign another 35,000 square meters of new developments at average rents that are 9% higher than previously.

We are in the 2nd year of Track 27 and

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