Q1 2026 Montea NV Earnings Call Transcript

May 8, 2026 / 09:00 AM GMT

Release Date Price: $71.23

Transcript

Key Points

Positve

Montea NV (XBRU:MONT) reported a 6% increase in EPRA earnings per share, indicating strong operational performance.
The company achieved a like-for-like rental growth of 2.7% and maintained a high occupancy rate of 99.6%.
Montea NV successfully signed or renewed 30,000 square meters of leases with an average rent uplift of 20%.
The balance sheet remains solid with a loan-to-value ratio of 37.4% and an investment-grade credit rating of BBB+.
Montea NV has earmarked 88% of its targeted investment volume under Track 27, with a portfolio expected to reach $3.5 billion by the end of 2027.

Negative

Property and overhead expenses increased by 11%, impacting the operating margin.
The operating margin is affected by seasonality, with certain charges impacting the first quarter negatively.
Developments are muted, with limited pre-lets and clients delaying decisions due to economic uncertainties.
The crisis in the Middle East has increased transport and labor costs, affecting development decisions.
Montea NV faces challenges in acquiring prime assets due to market conditions, requiring a focus on developing them in-house.

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

MONTE.BR - Montea NV
Q1 2026 Montea NV Earnings Call
May 08, 2026 / 09:00AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good morning and thank you all for joining our Montea Q1 results presentation.

The first quarter shows strong operational performance with EPRA earnings up 6% per share, like-for-like rental growth of 2.7% and occupancy still at a very healthy 99.6%.

We also signed or renewed around 30,000 square meters of leases at an average 20% rent-uplift, which is not a bad way to start the year. Track 27 remains firmly on track, with 88% of the targeted investment volume already secured, started or under exclusive negotiation, supported by a disciplined balance sheet.

So in short, growth is moving and the portfolio is almost fully lit and our space for growth is proving to be more than just a good tagline. As every

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