NEPI Rockcastle N.V.
7.75
EUR
+0.10
(+1.31%)
ISIN
NL0015000RT3
Return %
Stock
S&P 500
1Y
15.67
14.20
3Y
27.24
81.12
5Y
27.24
68.34
Capital Structure
EUR
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in mil. unless spec.Working Capital
EUR
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in mil. unless spec.Growth Rates
EUR
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in mil. unless spec.Semi-annual Revenue
EUR
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in mil. unless spec.Semi-annual Earnings Per Share
EUR
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in mil. unless spec.Semi-annual Dividends Per Share
EUR
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in mil. unless spec.Company Description
- CEO
- Marek Pawel Noetzel
- Full Time Employees
- 676
- Sector
- Finance
- Industry
- Real estate development
- Address
- Strawinskylaan 563 Amsterdam NH Netherlands 1077 XX
- IPO Date
- Jul 12, 2017
- Website
- nepirockcastle.com
- Similar Companies
- Business
- NEPI Rockcastle N.V. NEPI Rockcastle N.V. (NRP.JO) serves as the premier owner and operator of shopping centres across Central and Eastern Europe, managing a portfolio of 57 retail properties valued at €7.9 billion with 2.4 million square metres of gross leasable area, attracting over 347 million visits annually; the Group offers asset management, development, investment, leasing, and financial services focused on dominant retail destinations in eight countries including Poland (34% by market value), Romania (35%), Bulgaria (8%), Hungary (7%), Slovakia (7%), Croatia (4%), Czech Republic (3%), and Lithuania (2%). Founded in 2007 through the merger of New Europe Property Investments and Rockcastle Global Real Estate, the company maintains its registered office in Amsterdam, Netherlands, with key operational presence in Bucharest, Romania, and employs over 650 staff leveraging local expertise for tenant relationships with major international retailers such as Zara, Primark, JD Sports, Nike, Rituals, Lego, and Pandora. Its core offerings encompass income-producing shopping centres emphasizing high footfall, tenant sales growth, turnover rents, and ancillary green energy production from photovoltaic installations supplying 6% of electricity needs. The Group actively pursues growth via accretive acquisitions, developments, and sustainability initiatives; in 2024, it completed landmark purchases of Magnolia Park (100,000m2 GLA in Wroclaw, Poland, for €353 million) and Silesia City Center (88,400m2 GLA in Katowice, Poland, for €407 million), representing nearly €1 billion in total capital deployment and 40% of CEE retail real estate transactions that year, while divesting non-core Promenada Novi Sad in Serbia (€177 million) and an industrial asset in Romania. Development pipeline totals 187,900m2 GLA with €788 million investment including Promenada Bucharest extension, Bonarka City Center redevelopment, Arena Mall refurbishment, a major centre in Plovdiv (Bulgaria), Galati retail park (Romania), and residential projects; green energy expansions feature 38MW on-site capacity operational, 15MW rollout to 23 properties, and 159MW greenfield photovoltaic acquisitions in Romania (€110 million). To fund these, NEPI Rockcastle N.V. raised €500 million via green Eurobond (maturing 2032), €300 million equity placement (first since 2017), and €445 million IFC green facility, maintaining loan-to-value at 32.1%, €1.1 billion liquidity, BBB/BBB+ credit ratings, and 98.3% EPRA occupancy with 99% collection rate. In Q1 2025, it sustained NOI growth through leasing with brands like Zara, Lego, and Boss, alongside robust tenant sales and cost controls.