7 May, 2026
Q1 2026 Financial results
Q1 2026 results webcast
Presented by CEO Jo De Wolf, CFO Els Vervaecke and Investor Relations Manager Inna Maslova
Strong start to the year with solid operating performance driven by rental growth and high occupancy
- EPRA earnings per share increased by 6%, including 2.7% like-for-like rental growth
- 30,000 m² of space (re)let with an average rent increase of 20%, driven by several exceptional lettings above ERVs
- Occupancy remains high at 99.6%, supported by the renewal of 79% of leases expiring in 2026
Track27 remains on schedule through disciplined execution
- 88% of the targeted Track27 investment volume has now been secured (+€70 million vs. year-end 2025). In the next few months, Montea expects to invest €90 million in direct yielding acquisitions, which are currently in the exclusive negotiation phase, at a NIY of over 6.5%
- Remaining Track27 investments are fully covered by the available investment capacity, with net debt/EBITDA at 7.3x and LTV at 37.4%
- Outlook confirmed with EPRA earnings per share expected to reach €5.23 in 2026 (+7% y/y) and €5.60 in 2027 (+7% vs. 2026)
Corporate governance supporting growth strategy: transition to a one-tier board of directors proposed at the General Shareholders’ Meeting.