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Wereldhave Belgium reported a strong financial performance for the first half of 2026, with net rental income rising 18.9% year-on-year to EUR 43.6 million. The company maintained its full-year earnings guidance and continued to expect net results from core activities in the range of EUR 5.20 to EUR 5.30 per share. While the portfolio remained well occupied with an EPRA occupancy rate of 96.7%, it saw a slight decline from the previous period. Net asset value per share also eased during the half year, reflecting portfolio valuation movements despite continued operational growth.
Wereldhave Belgium reported an 18.9% year-on-year increase in net rental income to EUR 43.6 million for the first half of 2026, supported by higher rental earnings from its retail property portfolio and contributions from recent acquisitions. The company announced its half-year financial results and reaffirmed its financial outlook for the full year.
The company confirmed that it continues to expect its net result from core activities for 2026 to remain between EUR 5.20 and EUR 5.30 per share, indicating that its business performance remains in line with internal expectations despite a changing market environment.
During the first six months of the year, the EPRA occupancy rate across the entire portfolio declined marginally by 0.6 percentage points to 96.7%. Despite the slight drop, the occupancy level remains high, reflecting stable leasing activity across the company's retail assets. Earlier in the year, the company had reported an occupancy rate of 96.8% at the end of the first quarter while maintaining its earnings guidance.
Wereldhave Belgium also reported a decrease in its net asset value per share to EUR 71.86 during the first half of the year. The decline reflects changes in portfolio valuation even as rental income continued to grow. According to the company's first-quarter update, net asset value had increased to EUR 74.23 before moderating during the second quarter.
The company has continued to focus on strengthening its retail property portfolio through asset management initiatives and selective acquisitions. Earlier this year, it completed the acquisition of the final unit at the Ville2 shopping centre, giving it full ownership of the site and supporting its long-term portfolio strategy.
Wereldhave Belgium owns and manages a portfolio of shopping centres and retail properties in Belgium and Luxembourg. In recent years, the company has focused on improving the quality of its assets, increasing occupancy levels and enhancing customer experience while maintaining a disciplined financial approach.
Source Reuters
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