Montea Comm. VA (0LBY) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. Good morning to you all in the room and good morning to you all on the screen. Good morning from Brussels and thank you all for joining our 2025 results presentation. As policymakers and business leaders met in Antwerp yesterday to discuss the future of European industry, we're here with a positive signal from the frontline. Our strong figures and positive outlook for this year. Today we will give you a presentation. I will start with the highlights. The exceptional leasing momentum. We've been able to let and re-let 250,000 square meters in our existing portfolio and sign another 35,000 square meters of new developments at average rents that are 9% higher than previously. We are in the second year of track 27 and it was executed as a success. More than 300 million has been invested at yields averaging 6.5% and 2025 earnings guidance has been delivered. 4.90 euros as promised a year-on-year growth of 8%. The agenda of today is Els, who will bring you the full results for 2025. I will give you an update on our growth. Ina will continue with an update on the portfolio and the market. And Els will bring an outlook for this year and track 27. And I will wrap up with the ESG. As every year and every quarter, there is, of course, a Q&A afterwards where you have the time to discuss ask all your questions. I will now hand the floor to Els for the full year results. Thank you very much Jo for this nice introduction. And let's indeed move on with the 2025 results. The recurring EPRA EPS went up by 8% year on year to €4.90 per share. despite an increase by 10% in the weighted average number of shares. The net result stands at €163 million for 2025 and includes, besides the EPRA result of €113 million, a positive portfolio revaluation result of €53 million. Per sha...