VGP SA

VGP

Equity

ISIN BE0003878957 / Valor 3576558

Euronext - Euronext Brussels (2025-11-18)

EUR 101.60-0.97%

VGP SA
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

VGP SA is a real estate company specializing in the development, management, and ownership of logistics and semi-industrial properties. Headquartered in Belgium, VGP operates across several European countries, focusing on the creation of high-quality business parks. The company caters to a diverse range of clients, including multinational corporations and small to medium-sized enterprises, by providing strategically located facilities that support efficient supply chain operations. VGP's business model involves acquiring land, developing state-of-the-art properties, and leasing them to tenants, thereby generating a stable income stream. The company is known for its expertise in delivering tailored solutions that meet the specific needs of its clients, ensuring optimal functionality and sustainability in its developments.

Summarized from source with an LLMView SourceSector: Finance

Record Pre-Tax Profit

VGP SA achieved a pre-tax profit of €208.6 million for the first half of 2025, marking a 35% increase compared to the same period in 2024. This growth is driven by a 24.3% rise in net rental and renewable energy income, alongside substantial net valuation gains on the portfolio.

Strong Lease Agreements

The company secured a record €56.1 million in signed and renewed lease agreements, totaling 822,000 sqm during H1 2025. This has elevated the total committed annualized rental income to €441.3 million, reflecting a 7% year-to-date increase and a 14.7% year-over-year organic growth.

Expansion and Development

VGP SA expanded its development land by acquiring 633,000 sqm, including its first development in the United Kingdom and strategic projects across several European countries. The total secured landbank now stands at 9.7 million sqm, offering a development potential exceeding 4 million sqm.

Renewable Energy Growth

The company's gross renewables income surged by 71.5% year-over-year to €6.5 million. Renewable energy capacity installed reached 177.3MW, a 20% increase from the previous year, with significant growth in both ongoing and planned projects.

Financial Stability

VGP SA's balance sheet surpassed the €5 billion mark, with available liquidity of €0.9 billion. The company strengthened its financial position by extending the maturity of its indebtedness through bond issuances and repayments, coupled with an increase in EPRA NTA by 4.8% since December 2024.

Summarized from source with an LLMView Source

Key figures

29.9%1Y

33.3%3Y

-13.5%5Y

Performance

28.5%1Y

31.1%3Y

35.0%5Y

Volatility