Montea Comm. VA (0LBY) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen. Thank you all for joining our Q3 analyst and investor call hosted from the Starship Enterprise at Euronext Brussels. As every quarter, I'm joined this morning by my two colleagues, Elsford Vake, our CFO, and Ina Mazlova, our investor relations manager. Europe's logistics real estate sector continues to perform strongly and Mantea's results stand out within this dynamic sector. With solid leasing activity, a very high occupancy rate and healthy rent levels, we're delivering on our promise and moving firmly towards our ambitious Track 27 goals. Here's the agenda for this morning. Els will start by sharing the nine-month results. I will then give you an update on our growth and Ina will walk you through both our portfolio and our markets. Els will return with an outlook and I will close with an update on the progress of our ESG targets. Finally, as always, we look forward to your questions. Ina will lead us through the Q&A session at the end of the call. Els, the floor is yours. Thank you very much, Jo. We are well on track with an EPRA result for the nine month period of 83 million euro, an increase of 15% year on year, resulting into an EPS of 3.61 euro per share, representing a 2% increase year on year, or an 8% increase on a recurring basis. And this despite a 13% increase in the weighted average number of shares. The net result for that same period of 9 months 2025 amounts to €150 million and includes, besides the EPRA result, a positive portfolio revaluation of €21.2 million. Per share, the net result amounts to €4.99. Driven by a positive like-for-like rental growth of 3.3%, The top line driven by a like-for-like rental growth of 3% and a strong portfolio expansion, our top line increased by 25% year-on-year to a level of 103.7...