MONTEA NV

MONT

Equity

ISIN BE0003853703 / Valor 2728202

Euronext - Euronext Brussels (2024-12-23)

EUR 62.40-0.79%

MONTEA NV
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About company

Montea NV is a prominent player in the logistics real estate sector, focusing on the development and investment in strategically located logistics buildings. The company operates across Belgium, France, Germany, and the Netherlands, catering to the needs of its customers by providing real estate solutions that are well-connected through multi-modal transportation networks.

Summarized from source with an LLMView SourceSector: Finance

Revenue Growth

In Q3 2023, MONTEA NV reported a significant increase in revenue, reaching €90 million. This represents a 30% growth compared to the same quarter in the previous year, driven by new project completions and increased rental income from their extensive property portfolio.

Occupancy Rate

MONTEA NV achieved a 100% occupancy rate for its property portfolio in Q3 2023. This marks a continuation of their strong performance, maintaining an occupancy rate above 99% since 2018, which underscores the high demand for their logistics solutions.

EPRA Earnings

EPRA earnings per share for MONTEA NV rose by 9% in Q3 2023, reaching €4.45. This increase is attributed to the company's robust financial health and strategic investments, including the recognition as a Dutch REIT (FBI) in the Netherlands, which added an exceptional €0.45 per share.

Debt Ratio

Following a successful capital increase in November, MONTEA NV reduced its debt ratio to 33.5% by the end of Q3 2023. This capital increase, amounting to approximately €126 million, is aimed at funding new developments and maintaining their sustainability strategy.

Dividend Increase

MONTEA NV proposed a 13% increase in dividends for Q3 2023, bringing it to €3.74 per share. This includes a base dividend of €3.38 per share and an exceptional increase of €0.36 per share, reflecting the company's strong financial performance and commitment to returning value to shareholders.

Summarized from source with an LLMView Source

Key figures

-27.6%1Y

-51.3%3Y

-18.3%5Y

Performance

20.7%1Y

29.4%3Y

30.9%5Y

Volatility