1. Netherlands Stocks

  2. •

    Finance

  3. •

    Real estate investment trusts
NSI NV

NSI NV

17.29
EUR
+0.19
(+1.11%)
375.16MMarket 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
363
466
375

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

Company Profile APIChatGPT
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
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Business
NSI N.V. (NSI.AS) is a Dutch real estate investment company specializing in the ownership and management of commercial properties, primarily high-quality office buildings in prime locations. The company offers a portfolio of 44 assets focused on office spaces in Amsterdam and select major Dutch cities such as Rotterdam and Utrecht; it provides flexible workspaces including single desks to fully tailored headquarters through its in-house flex operator HNK, alongside life science real estate and potential residential redevelopment opportunities; amenities emphasize sustainability with 96% of properties rated EPC label A or better and 76% achieving BREEAM-NL Very Good or Excellent certification. Founded in 1992 and headquartered in Amsterdam, NSI operates exclusively in the Netherlands, serving corporate tenants seeking vibrant, productive environments near transport hubs. Recent developments include the acquisition of the Sypesteyn office building adjacent to Utrecht Central Station for EUR 15.25 million in December 2024; the sale of the Laanderpoort development site to ING for EUR 24 million in January 2024; announcement of the HNK Rotterdam Alexander Paris-proof office building in April 2025; and appointment of Abigail van de Port as Head of Business Development in April 2025. In sustainability leadership, NSI achieved a five-star GRESB rating (93 points) in 2024, ranking fourth among over 100 listed European real estate firms; it targets Paris Proof status by 2035. The company reported strong Q3 2025 trading with EPRA EPS rising to EUR 1.58, alongside ongoing development projects like Vitrum at approximately 6% net yield.