Montea Comm. VA (0LBY) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and thank you for joining our webcast this morning. The first half of the year demonstrates that Mantea Strategy is working exactly as intended. As momentum picks up across our markets, we see our clients taking strategic decisions, translated directly into leasing activity, investments, developments, and earnings growth. As in every quarter, I'm pleased to present these results together with our CFO, Els, and our investor relations manager, Inna. Els and I will take you through the results, after which Inna will lead the Q&A session. Our APS remains fully on track with 5% year-on-year increase underpinned by a strong 2.8% rental growth. Our portfolio as well as our development pipeline have seen exceptional leasing momentum with 255,000 square meters let, re-let, securing an average rental uplift of not less than 16%. This progress means that we have now secured 95% of track 27, bringing us within reach of the 1.15 billion target we set ourselves. At the same time, we have fully secured the funding required to deliver this growth. With both investment and financing largely locked in, we have a clear runway for future earnings growth and confidence on future execution of our strategy and our promised value creation. Before diving into results, I would like to give one slide on the market update. And what we see is, while geopolitical uncertainty remains a reality that is unlikely to change soon, we see that occupiers are starting to look through that. 51% of occupiers are now looking to expand in the next three years, an increase not seen since 2023. Businesses have increased their confidence with 3PLs, post and parcel delivery and e-commerce being most optimistic, along with Chinese occupiers that are increasingly active across Eu...