1. Netherlands Stocks

  2. •

    Real Estate

  3. •

    REIT - Office
NSI N.V.

NSI N.V.

NIUWF
NSI N.V.US flagOther OTC
19.75
USD
- -
- -
385.51MMarket Cap
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
16.49
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
-15.29
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
6.69
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
3.18
Book Value per Share
-7
-3.86
7.05
2.61
8.54
8.42
13.8
2.64
9.92
2.14
-3.39
4.22
3.2
-7.78
Tangible Book Value per Share
94.92
42.42
35.46
32.83
36.06
38.59
46.85
44.63
48.63
44.64
35.28
34.32
33.07
105.43
Basic Weighted Avg Shares
10
18
18
18
19
19
19
19
19
20
20
20
19
9
Sales/Revenue/Turnover
145
134
57
95
89
84
83
77
78
71
71
73
74
145
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
78.02
Depreciation Expense
1
- -
- -
- -
- -
- -
1
1
- -
1
1
1
1
1
Net Income, GAAP
-134
-137
64
-18
92
92
196
-20
121
-31
-142
12
-10
-134
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
-92.74
Working Capital
-143
-337
7
360
2
-32
-44
-29
-13
-100
-34
-36
-71
-143
LT Debt
707
492
518
510
405
436
317
367
390
287
335
326
285
707
Total Equity
933
789
661
604
673
733
903
854
948
887
710
672
641
933
Return on Invested Capital (%)
- -
- -
2.21
- -
5.91
5.39
4.85
- -
4.34
- -
- -
4.08
- -
- -
Return on Capital (%)
- -
- -
10.08
- -
18.69
17.39
33.28
- -
25.72
- -
- -
5.77
- -
- -
Return on Common Equity (%)
- -
- -
- -
-20.07
88.41
57.37
92.2
-12.9
99.14
-26.6
- -
- -
-13.52
- -

Capital Structure

FRC

•

in mil. unless spec.
Jun'13
Sep'13
Dec'13
ST Debt
239
206
128
LT Borrowings
924
916
707
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
9
9
18
Market Capitalization
14,040
14,803
25

Working Capital

FRC

•

in mil. unless spec.
Jun'13
Sep'13
Dec'13
Total Current Assets
50
45
27
Cash, Cash Equivalents & STI
14
12
13
Accounts Receivable, Net
27
25
4
Inventories
- -
- -
- -
Total Current Liabilities
281
253
171
Payables & Accruals
- -
- -
- -
ST Debt
239
206
128
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

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%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
71
2024
- -
- -
- -
- -
73
2025
- -
- -
- -
- -
74

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
-7.08
2024
- -
- -
- -
- -
0.63
2025
- -
- -
- -
- -
-0.51

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
1.73
2024
- -
- -
- -
- -
1.53
2025
- -
- -
- -
- -
1.13

Company Description

APIChat
CEO
Bernd A. Stahli
Full Time Employees
69
Sector
Real Estate
Industry
REIT - Office
Address
Antareslaan 69-75 Amsterdam Netherlands 3132 JE
IPO Date
Feb 12, 2013
Website
nsi.nl
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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.