VASTB.BR
BuyFull HouseAI neutralVastned · Real Estate · Netherlands · $535M
EUR 26.90 -0.7% · close 2 Oct · scored 6 Oct
Full House: Strong business, sensible price, market agrees. The rare full house.
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Vastned owns high-street retail property in cities such as Amsterdam, Paris, Antwerp and Madrid, following the combination of its Belgian and Dutch entities. Prime high-street locations hold value, but this is a rental income business without a reinvestment runway, and analysts trimmed forward earnings estimates by about 1.6% over the past month.
ABOUT VASTNED
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Vastned is a European retail property REIT that invests in high-street shops located in the historic city centers of major European cities, including Amsterdam, Paris, and Brussels. The company competitive moat is anchored by the scarcity and high demand for premium retail spaces in historic districts, which attract stable, high-profile international tenants. It operates as a highly focused niche player with a resilient, premium-quality real estate portfolio.
FINANCIAL SUMMARY (EUR)
| Year | 2021 | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | 18.6M | 20.3M | 20.1M | 70.5M | 55.8% | 68.5M | 69.4M | 71.9M | 1.0% |
| EPS (EUR) | — | 0.90 | 0.70 | 0.66 | 3.04 | 50.3% | 3.42 | 2.84 | 2.70 | -5.8% |
| Shares | — | 16.2M | 16.2M | 16.2M | 16.2M | 0.0% | 16.7M | — | — | — |
| Debt | — | 81.2M | 78.4M | 101.4M | 493.8M | 82.5% | 499.4M | — | — | — |
| Equity | — | 232.0M | 231.9M | 219.2M | 725.5M | 46.2% | — | — | — | — |
| Op CF | 14.2M | 13.2M | 14.6M | 9.7M | — | -11.9% | 30.6M | — | — | — |
| Inv CF | 6.1M | -50.0K | 9.0K | -2.8M | — | — | — | — | — | — |
| Fin CF | -20.4M | -13.2M | -14.3M | -6.9M | — | — | — | — | — | — |
Calmer than 96% of stocks we rank over the past year (15% a year).
How this is worked out
What it measures: day-to-day price moves over the past year, as a yearly figure, ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Real Estate, ranked by industry match, size, and score similarity. Cross-listings of VASTB.BR are excluded.
Peer medians: ROE 7.2% · P/E 10.3x · Gross margin 71.5%
Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.