Español 
Deutsch 
Français 
MSCI World Index (MSC)
NASDAQ Composite (NASDAQ)
FTSE China A50 Index (FGI)
STOXX Europe 600 (SIX)
Nikkei 300 (OSA)
NIFTY 50 (NSE)
DAX Performance Index (XETRA)
FTSE 100 (FGI)
CAC 40 (EURONEXT)
Retail Estates N.V. (RET.BR)
EUR68.50
+0.00 (+0.00%)
BE BRU Real Estate REIT - Retail
Address
Industrielaan 6 1000
Brussels, BE
Brussels, BE
CEO
Nicolas Beaussillon
Website
retailestates.com
IPO
2000-01-04
ISIN BE0003720340
Description
Retail Estates N.V. is a Belgian publicly traded real estate investment trust (REIT) specializing in a specific market: offering retail properties located on the outskirts of urban areas. These commercial sites are typically found on the periphery of residential districts or strategically positioned along major routes leading into city centers, intended for use by various businesses. The company expands its portfolio by either purchasing existing properties from third parties or by developing, constructing, and commercializing new retail buildings independently. The usable floor space of these structures generally spans from 500m² to 3,000m², with the average size of a typical retail building being approximately 1,000m².
Market Cap & Enterprise Value
Merger & Acquisition History
No mergers or acquisitions recorded for this company.
Technical Outlook
Loading outlook…
Loading forecast...
Signal Summary
Loading…
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
Loading risk profile…
Price Chart
EUR68.50
+0.00 (+0.00%)
Loading historical data…
Volume Profile
Loading…
Liquidity & share structure
Average Volume
12.3K
Beta
0.58
Float Shares
11.34M
Free Float %
75.5%
Price Performance
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +1.30% | +5.11% | +1.45% | +2.34% | +9.89% | +9.72% | +6.87% | +7.03% | +5.74% | -10.76% | +147.96% |
Rolling Volatility
Loading…
Drawdown
Loading…
Relative Strength
Loading…
Monthly Returns Heatmap
From
To
Loading…
Annual Monthly Returns
Loading…
Daily Returns Distribution
Loading histogram data…
Revenue flow
Revenue by geography
Revenue by segment
From
To
Revenue composition
From
To
By product
By geography
Financial Statements
Select metrics from the tables below to build your comparison.
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
Price Targets & DCF
Current price
68.50
DCF (Unlevered)
205.41
+199.9%
DCF (Levered)
82.49
+20.4%
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
Ratings Trend (MoM)
50% Bullish
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 1 | 0 |
| Buy | 1 | -1 |
| Hold | 1 | 0 |
| Sell | 1 | 0 |
| Strong Sell | 0 | 0 |
Quality scores
Altman Z-Score
1.12
Distress
Piotroski F-Score
4 / 9
Average
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
3 / 5
Medium
ROE Score
4 / 5
High
ROA Score
5 / 5
High
D/E Score
3 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
-
Revenue growth+14.8% Q1'26: +15.2% (vs Q1'24)
-
EPS growth+12.8% Q1'26: +99.6% (vs Q1'24)
-
FCF margin— Q1'26: +50.5% (vs Q1'24)
-
EBIT margin— Q1'26: +110.0% (vs Q1'24)
-
ROIC— Q1'26: +16.1% (vs Q1'24)
-
Share dilution+1.7% Q1'26: +4.4% (vs Q1'24)
-
Debt / EBITDA5.77× Q1'26: 2.41× (vs Q1'24)
Valuation Multiples
From
To
Price Forecast (3Y)
From
To
Theoretical Return — If Invested Today
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
Consensus Estimates
| Metric |
Mar 2010 actual |
Mar 2011 actual |
Mar 2012 actual |
Mar 2013 actual |
Mar 2014 actual |
Mar 2015 actual |
Mar 2016 actual |
Mar 2017 actual |
Mar 2018 actual |
Mar 2019 actual |
Mar 2020 actual |
Mar 2021 actual |
Mar 2022 actual |
Mar 2023 actual |
Mar 2024 actual |
Mar 2025 actual |
Mar 2026 4 Rev. Ana. 3 EPS Ana. |
Mar 2027 3 Rev. Ana. 2 EPS Ana. |
Mar 2028 4 Rev. Ana. 3 EPS Ana. |
Mar 2029 1 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
30.82M
est: 31.26M (-1.4%)
|
33.47M
est: 34.79M (-3.8%)
|
38.65M
est: 37.05M (+4.3%)
|
45.67M
est: 42.28M (+8.0%)
|
52.69M
est: 47.70M (+10.5%)
|
58.50M
est: 53.07M (+10.2%)
|
67.96M
est: 60.92M (+11.5%)
|
66.00M
est: 65.67M (+0.5%)
|
77.07M
est: 76.91M (+0.2%)
|
93.97M
est: 100.28M (-6.3%)
|
106.50M
est: 107.81M (-1.2%)
|
113.20M
est: 104.15M (+8.7%)
|
127.74M
est: 114.71M (+11.4%)
|
138.86M
est: 124.95M (+11.1%)
|
154.14M
est: 139.30M (+10.7%)
|
140.60M
est: 145.40M (-3.3%)
|
145.11M
145.01M – 145.32M
-0.2% YoY
|
150.87M
150.57M – 151.17M
+4.0% YoY
|
157.69M
154.65M – 160.43M
+4.5% YoY
|
163.27M
160.38M – 166.15M
+3.5% YoY
|
| EBITDA |
28.00M
est: 5.48M (+411.3%)
|
40.35M
est: 3.98M (+912.7%)
|
40.37M
est: 15.52M (+160.0%)
|
36.57M
est: 16.53M (+121.3%)
|
45.20M
est: 17.80M (+153.9%)
|
52.98M
est: 48.13M (+10.1%)
|
59.89M
est: 20.61M (+190.6%)
|
70.94M
est: 18.53M (+282.9%)
|
65.72M
est: 50.56M (+30.0%)
|
74.72M
est: 38.00M (+96.6%)
|
80.78M
est: 26.83M (+201.1%)
|
84.83M
est: 37.39M (+126.9%)
|
130.80M
est: 40.54M (+222.7%)
|
138.89M
est: 40.75M (+240.8%)
|
146.81M
est: 42.52M (+245.2%)
|
117.14M
est: 137.11M (-14.6%)
|
136.68M
136.58M – 136.88M
-0.3% YoY
|
142.10M
141.82M – 142.38M
+4.0% YoY
|
148.53M
145.66M – 151.11M
+4.5% YoY
|
153.78M
151.06M – 156.50M
+3.5% YoY
|
| EBIT |
27.76M
est: 28.32M (-2.0%)
|
40.05M
est: 30.72M (+30.4%)
|
40.19M
est: 33.41M (+20.3%)
|
44.99M
est: 38.13M (+18.0%)
|
41.59M
est: 43.02M (-3.3%)
|
52.84M
est: 50.52M (+4.6%)
|
54.63M
est: 58.66M (-6.9%)
|
56.57M
est: 56.39M (+0.3%)
|
65.04M
est: 69.36M (-6.2%)
|
74.42M
est: 79.42M (-6.3%)
|
80.42M
est: 96.54M (-16.7%)
|
84.43M
est: 89.99M (-6.2%)
|
130.09M
est: 97.55M (+33.4%)
|
138.10M
est: 98.08M (+40.8%)
|
145.56M
est: 102.34M (+42.2%)
|
115.90M
est: 105.11M (+10.3%)
|
136.03M
135.93M – 136.23M
+29.4% YoY
|
141.42M
141.14M – 141.71M
+4.0% YoY
|
147.82M
144.97M – 150.39M
+4.5% YoY
|
153.05M
150.35M – 155.75M
+3.5% YoY
|
| Net Income |
15.31M
est: 16.52M (-7.3%)
|
26.69M
est: 17.03M (+56.7%)
|
27.36M
est: 28.43M (-3.8%)
|
29.58M
est: 31.27M (-5.4%)
|
28.57M
est: 33.39M (-14.5%)
|
35.24M
est: 54.07M (-34.8%)
|
42.04M
est: 39.23M (+7.2%)
|
52.14M
est: 36.69M (+42.1%)
|
46.70M
est: 78.63M (-40.6%)
|
54.48M
est: 57.12M (-4.6%)
|
58.10M
est: 59.93M (-3.1%)
|
61.44M
est: 60.32M (+1.8%)
|
131.84M
est: 65.39M (+101.6%)
|
180.62M
est: 180.62M (+0.0%)
|
122.97M
est: 122.97M (+0.0%)
|
106.70M
est: 95.50M (+11.7%)
|
92.20M
91.01M – 93.03M
-3.5% YoY
|
91.50M
90.79M – 91.68M
-0.8% YoY
|
93.30M
91.04M – 93.93M
+2.0% YoY
|
92.81M
91.50M – 94.00M
-0.5% YoY
|
| SGA |
2.11M
est: 1.22M (+73.0%)
|
2.20M
est: 1.36M (+62.3%)
|
440.0K
est: 1.45M (-69.6%)
|
398.0K
est: 1.65M (-75.9%)
|
497.0K
est: 1.86M (-73.3%)
|
496.0K
est: 2.07M (-76.0%)
|
2.77M
est: 1.64M (+68.6%)
|
2.87M
est: 1.47M (+95.6%)
|
2.11M
est: 2.90M (-27.4%)
|
2.34M
est: 3.40M (-31.3%)
|
2.71M
est: 4.14M (-34.7%)
|
2.82M
est: 4.24M (-33.5%)
|
3.00M
est: 4.60M (-34.8%)
|
7.20M
est: 4.62M (+55.8%)
|
4.22M
est: 4.83M (-12.5%)
|
9.48M
est: 4.96M (+91.3%)
|
4.94M
4.94M – 4.95M
-0.4% YoY
|
5.13M
5.12M – 5.14M
+4.0% YoY
|
5.37M
5.26M – 5.46M
+4.5% YoY
|
5.56M
5.46M – 5.66M
+3.5% YoY
|
| EPS |
3.53
est: 2.89 (+22.0%)
|
5.28
est: 3.05 (+73.4%)
|
5.00
est: 3.14 (+59.4%)
|
5.03
est: 3.33 (+51.1%)
|
4.01
est: 3.54 (+13.4%)
|
4.77
est: 3.68 (+29.7%)
|
4.87
est: 4.12 (+18.2%)
|
5.85
est: 4.25 (+37.6%)
|
5.00
est: 4.90 (+2.1%)
|
4.84
est: 5.57 (-13.1%)
|
4.70
est: 5.65 (-16.9%)
|
4.86
est: 5.09 (-4.5%)
|
10.23
est: 5.85 (+74.8%)
|
12.99
est: 5.98 (+117.1%)
|
8.60
est: 6.33 (+35.9%)
|
7.29
est: 6.33 (+15.2%)
|
6.16
6.08 – 6.22
-2.6% YoY
|
6.10
6.07 – 6.13
-1.0% YoY
|
6.20
6.09 – 6.28
+1.6% YoY
|
6.21
6.12 – 6.28
+0.1% YoY
|
Historical Ratings (3M)
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-22 | A- | 4/5 | 3/5 | 4/5 | 5/5 | 3/5 | 3/5 | 3/5 |
| 2026-05-21 | A- | 4/5 | 3/5 | 4/5 | 5/5 | 3/5 | 3/5 | 3/5 |
| 2026-05-20 | A- | 4/5 | 3/5 | 4/5 | 5/5 | 3/5 | 3/5 | 3/5 |
| 2026-05-19 | A- | 4/5 | 3/5 | 4/5 | 5/5 | 3/5 | 3/5 | 3/5 |
| 2026-05-18 | A- | 4/5 | 3/5 | 4/5 | 5/5 | 3/5 | 3/5 | 3/5 |
| 2026-05-15 | A | 4/5 | 3/5 | 4/5 | 5/5 | 3/5 | 3/5 | 4/5 |
| 2026-05-14 | A | 4/5 | 3/5 | 4/5 | 5/5 | 3/5 | 3/5 | 4/5 |
| 2026-05-13 | A | 4/5 | 3/5 | 4/5 | 5/5 | 3/5 | 3/5 | 4/5 |
| 2026-05-12 | A | 4/5 | 3/5 | 4/5 | 5/5 | 3/5 | 3/5 | 4/5 |
| 2026-05-11 | A | 4/5 | 3/5 | 4/5 | 5/5 | 3/5 | 3/5 | 4/5 |
| 2026-05-08 | A | 4/5 | 3/5 | 4/5 | 5/5 | 3/5 | 3/5 | 4/5 |
| 2026-05-07 | A | 4/5 | 3/5 | 4/5 | 5/5 | 3/5 | 3/5 | 4/5 |
| 2026-05-06 | A | 4/5 | 3/5 | 4/5 | 5/5 | 3/5 | 3/5 | 4/5 |
| 2026-05-05 | A | 4/5 | 3/5 | 4/5 | 5/5 | 3/5 | 3/5 | 4/5 |
| 2026-05-04 | A | 4/5 | 3/5 | 4/5 | 5/5 | 3/5 | 3/5 | 4/5 |
| 2026-04-30 | A | 4/5 | 3/5 | 4/5 | 5/5 | 2/5 | 4/5 | 4/5 |
| 2026-04-29 | A | 4/5 | 3/5 | 4/5 | 5/5 | 2/5 | 4/5 | 4/5 |
| 2026-04-28 | A | 4/5 | 3/5 | 4/5 | 5/5 | 2/5 | 4/5 | 4/5 |
| 2026-04-27 | A | 4/5 | 3/5 | 4/5 | 5/5 | 2/5 | 4/5 | 4/5 |
| 2026-04-24 | A | 4/5 | 3/5 | 4/5 | 5/5 | 2/5 | 4/5 | 4/5 |
| 2026-04-23 | A | 4/5 | 3/5 | 4/5 | 5/5 | 2/5 | 4/5 | 4/5 |
| 2026-04-22 | A | 4/5 | 3/5 | 4/5 | 5/5 | 2/5 | 4/5 | 4/5 |
| 2026-04-21 | A | 4/5 | 3/5 | 4/5 | 5/5 | 2/5 | 4/5 | 4/5 |
| 2026-04-20 | A | 4/5 | 3/5 | 4/5 | 5/5 | 2/5 | 4/5 | 4/5 |
| 2026-04-17 | A- | 4/5 | 3/5 | 4/5 | 5/5 | 1/5 | 4/5 | 4/5 |
| 2026-04-16 | A- | 4/5 | 3/5 | 4/5 | 5/5 | 1/5 | 4/5 | 4/5 |
Owner Earnings
Owner's Earnings (history)
From
To
Owner alignment
Owner's Earnings TTM
205.47M
OE per share TTM
14.08
Owner's Yield
19.57%
Maintenance CapEx ratio
0.14%
Maint CapEx / Avg PPE
4.7%
Ownership Overview
Ownership breakdown
Ownership breakdown not available.
At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional ownership trend
Institutional history not available.
Top institutional holders
Top holders not available.
ETF Ownership
Top ETFs holding this stock
Held by 99 ETFs in our universe
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | Cambria Global Real Estate ETF BLDG | 1.25% | 824.4K | 0.59% |
| 2 | iShares MSCI Belgium ETF EWK | 0.74% | 1.19M | 0.49% |
| 3 | iShares European Property Yield UCITS ETF IPRE.DE | 0.59% | 1.33M | 0.40% |
| 4 | iShares European Property Yield UCITS ETF IPRP.L | 0.59% | 5.78M | 0.40% |
| 5 | Xtrackers FTSE Developed Europe ex UK Real Estate UCITS ETF 1C XREA.DE | 0.54% | 119.3K | 0.33% |
| 6 | State Street SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETF (Acc) ZPRP.DE | 0.52% | 777.6K | 0.30% |
| 7 | WisdomTree Europe SmallCap Dividend UCITS ETF WTES.DE | 0.51% | 470.5K | 0.38% |
| 8 | WisdomTree Europe SmallCap Dividend UCITS ETF Acc DFEA.L | 0.51% | 470.5K | 0.38% |
| 9 | Xtrackers FTSE Developed Europe Real Estate UCITS ETF 1C XDER.L | 0.38% | 3.03M | 0.33% |
| 10 | WisdomTree International SmallCap Dividend Fund DLS | 0.17% | 1.80M | 0.58% |
Insider Activity
Insider Activity — Latest Quarter
No insider activity available.
Insider buys vs sells (history)
Insider history not available.
Recent insider transactions
No recent insider transactions.
Executive team
Top executives
EBIT / Employee
3.55M
Shares Outstanding
15.03M
Executive compensation
Executive compensation (annual)
Executive compensation not available.
CEO compensation breakdown
No CEO compensation history available.
Proxy statements
Proxy statements (DEF 14A)
No proxy statements available for this company yet.
Recent SEC filings
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Nicolas Beaussillon | MD, Chief Executive Officer & Director | 628.0K | male |
| Jan De Nys | Executive Director | 628.0K | male |
| Kara De Smet | Chief Financial Officer & Executive Director | — | female |
| Katja Appelmans | Incasso Manager | — | female |
| Koen Nevens | Chief Business Development Officer & Director | — | male |
| Koenraad Van Nieuwenburg | Chief Investment Officer | — | male |
| Runa Vander Eeckt | Chief Legal Officer | — | female |
| Thomas Ooms | Construction & Technical Manager | — | male |
| Wilfried Van Laethem | Financial Controller | — | male |
| Johan Janssens | Senior Property Manager | — | male |
ESG Score History
No data available for this company.
Senate Trading Activity
No Senate trading activity found for this company.
House Trading Activity
No House trading activity found for this company.
Market share among peers
Peer comparison — filtered group (TTM)
Your opinion
Share your view on this stock and instantly see how the community has voted over the last 6 months.
Community Opinion for RET.BR
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
