A record year
2024 was a record year for Montea. Not only did we successfully launch our ambitious growth plan Track27, we also laid the foundations for rolling out this plan. This year, we also achieved the largest-ever annual portfolio growth. This demonstrates our unwavering ambition and also resulted in earnings per share of €4.73.
Strong results that provide a solid basis for continuing the rollout of Track27, which aims to grow our portfolio to €3.5 billion by the end of 2027 and the earnings per share to €5.60.
"We are aiming high for 2025, setting our sights on 8% earnings growth per share and an investment target of EUR 300 million. Track27 is fully on course, focusing on the development and expansion of our land bank and energy projects. We strongly believe in the power of partnerships with experienced developers and offer sale and leasebacks to help logistics companies finance their future growth. Together we are setting a course for the future, confident that there is always Space for Growth."
2024 highlights
This year’s success story was not just about results growth, confidence in our financial strength also grew. We achieved our first solid long-term investment grade rating, a clear recognition of our financially disciplined approach aimed at sustainable growth. This rating is the result of years of careful strategic decision-making. Montea also significantly expanded its presence in France and Germany.
A successful capital increase helped us to accelerate our expansion plans in France with the acquisition of the Reverso portfolio. In Germany, we further expanded our footprint with an acquisition in the Port of Hamburg, a key strategic move for the future. In Tiel, we commenced the largest development in our history for our client Intergamma.
Our continued emphasis on strategic locations continued to deliver this year. We maintained consistently high occupancy rates despite the adverse economic climate – a true testament to the value we offer to our clients and to the strategic location of our sites.
Innovation and sustainability
Since 2014, Montea’s focus has been on greyfield (uncontaminated former industrial sites) and brownfield (contaminated legacy sites requiring remediation). Over the past three years, we have invested more than €15 million in the remediation of contaminated legacy sites. This is a major part of how we live up to our social responsibility and our mission statement to keep the use of greenfield sites – i.e. undeveloped land – to an absolute minimum.
Our new developments are also driven by an ambition to innovate. All our new developments are zero-emission buildings, they no longer use fossil fuels. We map out the entire carbon footprint of the building, ensuring the sites produce more energy than they consume.
Our logistics centers are already a leading force in sustainability. By installing energy storage systems, we can supply more energy to our clients and help stabilize the grid.
“We have made significant advances in terms of energy transition. This includes solar and wind energy projects, battery storage solutions, EV charging points and the electrification of existing systems. With each step, we are helping our clients solve their energy challenges and lay solid foundations for the future.”
Looking into the future
2024 was a year of great success for Montea. We recorded the largest annual portfolio growth in our history, despite an uncertain macroeconomic backdrop. In 2025, we anticipate strong demand for sustainable logistics real estate in key strategic locations, driven by continued e-commerce growth and increasing consumer demand. We are determined to capitalize on these opportunities as part of our ambitious Track27 growth plan.
Space for Growth
2025 is already off to a strong start with a milestone we are particularly proud of: Montea joined the BEL20 index. This recognition confirms the longstanding dedication of our colleagues, our customers’ trust and the continued support of our shareholders in our growth story.
And what does the future hold? We are aiming high for 2025, setting our sights on 8% earnings growth per share and an investment target of EUR 300 million. Track27 is fully on course, focusing on the development and expansion of our land bank and energy projects.
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