1. Belgium Stocks

  2. •

    Finance

  3. •

    Real estate investment trusts
Home Invest Belgium SA

Home Invest Belgium SA

17.70
EUR
-0.11
(-0.62%)
2.80EPS
6.90P/E
384.70MMarket Cap
Feb 18Next Earn
Home Invest Belgium SA
LSE:0NGP
(London Stock Exchange)

Recent

price

17.70

P/E

ratio

6.90

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
EUR
0.93
1.11
1.14
1.32
1.28
1.18
1.25
1.47
1.52
1.59
1.69
1.77
1.9
1.92
1.9
2.01
2.18
Revenue per Share
0.84
1.02
0.76
1.64
1.03
0.97
1.14
0.74
4.18
3.38
1.15
2.97
3.35
-0.76
4.07
3
2.8
Basic EPS, GAAP
0.38
0.77
0.17
0.71
0.34
0.12
1.17
0.42
0.62
0.89
1.02
1.11
1.44
1.36
1.2
1.42
- -
Free Cash Flow per Basic Share
0.48
0.53
0.57
0.65
0.69
1.49
0.8
0.85
0.9
0.91
1.12
0.99
1.02
0.14
0.58
1.02
- -
Dividend per Share
10.94
11.52
11.75
12.82
13.23
12.72
13.04
13.11
16.3
18.77
18.87
20.86
23.06
21.3
24.14
26.08
25.88
Book Value per Share
10.94
11.52
11.75
12.82
13.23
12.72
13.02
13.09
16.28
18.74
18.85
20.83
23.02
21.27
24.11
26.06
25.86
Tangible Book Value per Share
14
15
15
15
16
16
16
16
16
16
16
16
17
19
20
20
20
Basic Weighted Avg Shares
13
16
17
20
20
19
20
23
25
26
28
29
33
36
38
40
43
Sales/Revenue/Turnover
107.29
63.93
63.18
61.66
60.93
56.04
58.11
58.89
61.73
61.09
63.52
66.71
68.26
69.5
73.7
73.68
74.94
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
12
15
12
25
16
15
18
12
69
55
19
49
57
-14
81
60
56
Net Income, GAAP
- -
0.05
0.15
- -
0.14
0.58
0.4
3.61
0.43
0.16
1.37
0.45
0.45
- -
0.68
0.69
0.8
Effective Tax Rate (%)
89.9
91.51
67.09
123.88
80.48
82.41
90.77
50.48
274.72
211.92
67.85
167.61
175.81
-39.71
213.78
149.13
128.38
Profit Margin (%)
1
-19
7
-33
8
8
-3
-9
-2
-42
-32
-38
-35
-55
-10
-9
-13
Working Capital
78
59
65
75
70
108
153
185
263
273
297
253
268
278
350
448
462
LT Debt
154
175
179
195
208
200
205
216
269
310
310
343
410
418
484
519
515
Total Equity
- -
7.67
6.78
- -
7.71
6
6.88
3.64
15.84
11.04
3.88
7.36
3.87
- -
11.51
7.21
6.74
Return on Invested Capital (%)
- -
6.59
4.91
- -
6.17
5.99
6.02
3.72
15.21
10.12
3.53
8.23
9.2
- -
11.8
7.68
7.41
Return on Capital (%)
7.79
9.01
6.57
13.33
7.9
7.5
8.83
5.62
28.39
19.18
6.09
14.96
15.2
-3.45
17.95
11.91
11.17
Return on Common Equity (%)

Capital Structure

EUR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
9
- -
- -
LT Borrowings
448
- -
462
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
20
20
20
Market Capitalization
364
364
385

Working Capital

EUR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
8
- -
10
Cash, Cash Equivalents & STI
3
- -
3
Accounts Receivable, Net
2
- -
2
Inventories
- -
- -
- -
Total Current Liabilities
17
- -
23
Payables & Accruals
- -
- -
- -
ST Debt
9
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.27%
11.02%
7.1%
Free Cash Flow
96.77%
11.78%
18.48%
Net Income, GAAP
-26.28%
-128.46%
-26.19%
Sales/Revenue/Turnover
8.07%
7.6%
5.81%
Total Cash Common Dividend
31.16%
63.47%
76.79%

Quarterly Revenue

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
9
10
1
18
38
2025
9
10
9
12
40
2026
11
12
- -
- -
- -

Quarterly Earnings Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.92
0.35
-0.17
1.02
4.07
2025
1.02
0.14
0.28
1.56
3
2026
0.21
0.75
- -
- -
- -

Quarterly Dividends Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.58
2025
- -
- -
- -
- -
1.02
2026
- -
- -
- -
- -
- -
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Business
Home Invest Belgium S.A. operates as a Belgian public regulated real estate company (GVV, SIR or BE-REIT) specializing in the acquisition, development, letting, and management of residential real estate. The company’s core products and services include leasing sustainable and energy-efficient residential properties; development and management of rental housing units under its own management; and maintenance of over 2,500 residential units primarily in Belgium and the Netherlands. Its residential portfolio, which comprises approximately 45 buildings—half of which are less than 10 years old—focuses on quality living experiences with rent rates aligned to market prices. Home Invest Belgium targets tenants across all life stages and lifestyles, aiming to be the landlord of choice by emphasizing sustainable urban development and high-quality common areas and services. Founded in 1980 and headquartered in Brussels, the company has been listed on Euronext Brussels since 1999. In recent major developments, Home Invest Belgium completed the City Dox project in Brussels (Anderlecht) in 2025, consisting of 163 sustainable rental homes fitted with 319 solar panels and an average energy consumption estimated at 30 kWh/m²/year, supporting the company’s environmental target of reducing average energy consumption below 100 kWh/m²/year by 2026. The building has been commercially successful, with 40% of units already let shortly after completion. Additionally, in 2025, the company signed a final agreement with Cityforward to acquire a portfolio of eight residential development projects in Brussels' European district, marking a significant strategic expansion. This transaction, valued at approximately €280 million over 7 to 9 years, includes plans to convert office buildings into residential units, reinforcing Home Invest Belgium’s position as the leading institutional player in Belgian residential real estate. As of September 2025, Home Invest Belgium’s property portfolio was valued at around €937 million, with continued growth driven by such strategic acquisitions and sustainable housing initiatives.