NSI NV

NSI NV

16.46
EUR
-0.94
(-5.40%)
374.38MMarket Cap
Jan 28Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
14.84
7.26
3.1
5.14
4.78
4.41
4.3
4.02
3.97
3.59
3.54
3.71
3.81
- -
Basic EPS, GAAP
-13.77
-7.44
3.47
-0.97
4.92
4.82
10.19
-1.07
6.2
-1.58
-7.08
0.63
-0.51
- -
Free Cash Flow per Basic Share
6.02
3.57
3.15
2.19
2.21
2.77
2.03
2.09
1.85
2.15
2.07
2.02
2.15
- -
Dividend per Share
2.86
2.09
1.95
2.1
1.24
1.68
1.36
1.49
1.38
1.51
1.73
1.53
1.13
- -
Book Value per Share
43.55
34.39
35.92
32.84
35.64
38.41
46.46
45.17
48.15
44.23
35.22
35.16
32.83
32.83
Tangible Book Value per Share
43.09
33.93
35.46
32.83
35.61
38.38
46.44
45.15
48.14
44.23
35.22
35.16
32.82
32.82
Basic Weighted Avg Shares
10
18
18
18
19
19
19
19
19
20
20
20
19
19
Sales/Revenue/Turnover
145
134
57
95
89
84
83
77
78
71
71
73
74
- -
Operating Margin (%)
78.02
74.25
55.25
68.08
73.37
73.19
71.57
69.44
71.82
71.18
69.24
72.57
70.27
- -
Depreciation Expense
1
- -
- -
- -
- -
- -
1
1
- -
1
1
1
1
- -
Net Income, GAAP
-134
-137
64
-18
92
92
196
-20
121
-31
-142
12
-10
- -
Effective Tax Rate (%)
- -
- -
0.36
- -
0.1
0.03
- -
- -
- -
- -
- -
19.58
- -
- -
Profit Margin (%)
-92.74
-102.47
111.83
-18.87
102.92
109.32
236.98
-26.56
156.06
-43.99
-199.96
17.01
-13.25
- -
Working Capital
-143
-337
7
360
2
-32
-44
-29
-13
-100
-34
-36
-71
-71
LT Debt
707
492
518
510
405
436
317
367
390
287
335
326
285
285
Total Equity
933
789
661
604
673
733
903
854
948
887
710
672
641
641
Return on Invested Capital (%)
- -
- -
2.21
- -
5.91
5.39
4.85
- -
4.34
- -
- -
4.03
- -
- -
Return on Capital (%)
- -
- -
5.7
- -
9.63
9.06
16.77
- -
10.07
- -
- -
1.97
- -
- -
Return on Common Equity (%)
-18.27
-19.09
9.86
-2.82
14.35
13.02
23.99
-2.32
13.42
-3.42
-17.83
1.79
-1.49
- -

Capital Structure

EUR

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
23
78
75
LT Borrowings
324
298
283
LT Finance Leases
2
- -
2
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
19
20
20
Market Capitalization
361
463
374

Working Capital

EUR

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
11
39
34
Cash, Cash Equivalents & STI
8
34
30
Accounts Receivable, Net
1
2
1
Inventories
- -
- -
- -
Total Current Liabilities
47
110
105
Payables & Accruals
- -
- -
- -
ST Debt
23
78
75
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.41%
-5.09%
-4.7%
Free Cash Flow
-1.79%
1.26%
4.97%
Net Income, GAAP
-149.01%
-150.49%
-179.13%
Sales/Revenue/Turnover
4.21%
-0.72%
1.57%
Total Cash Common Dividend
-2.28%
-3.82%
-27.03%

Semi-annual Revenue

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
71
2024
- -
- -
73
2025
- -
- -
74

Semi-annual Earnings Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
-7.08
2024
- -
- -
0.63
2025
- -
- -
-0.51

Semi-annual Dividends Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
1.73
2024
- -
- -
1.53
2025
- -
- -
1.13

Company Description

CEO
Bernd A. Stahli
Full Time Employees
68
Sector
Finance
Industry
Real estate investment trusts
Address
Hoogoorddreef 62 Amsterdam NH Netherlands 1101 BE
IPO Date
Apr 3, 1998
Website
nsi.nl
Business
NSI N.V. (Ticker: NIUWF) is a publicly listed Dutch real estate investment company that specializes in owning, managing, and developing premium office and workspace properties, primarily in Amsterdam and select major cities across the Netherlands. The company offers a full range of flexible leasing solutions, including single desks, co-working spaces, meeting rooms, and fully tailored headquarters; its portfolio comprises 44 high-quality buildings totaling 346,000 square meters of leasable area, valued at approximately EUR 1 billion as of the end of 2024, with a strong emphasis on sustainable, vibrant environments featuring top-tier amenities, exceptional hospitality, and proximity to transport hubs and inner-city locations. All rental income derives from the Netherlands, targeting corporate tenants seeking productive, well-being-focused workspaces in segments such as offices, life science laboratories, and mixed-use developments. Founded in 1992 and headquartered at Hoogoorddreef 62 in Amsterdam, NSI N.V. operates as a closed-end investment institution under Dutch law, with 69 employees and a focus on long-term value creation through active asset management and sustainability leadership. The company maintains around 40 subsidiaries, including NSI Bedrijfsgebouwen BV, NSI Beheer BV, and NSI Development BV, to support its operations. In recent developments, NSI N.V. amended and extended a EUR 350 million sustainability-linked syndicated loan facility with ABN AMRO, Belfius, ING, and Rabobank to bolster its financing strategy. The company announced the "Paris-proof" HNK Rotterdam Alexander office building in April 2025 and appointed Abigail van de Port as Head of Business Development in the same month, signaling expansion and leadership enhancements. Additionally, NSI continues capital recycling by divesting non-core assets in locations like Hoofddorp and Eindhoven to redeploy funds into high-potential developments such as Vitrum, while reporting Q3 2025 EPRA vacancy at 9.8% amid proactive leasing efforts including new contracts at Vivaldi II.