Wereldhave Beats 2025 Guidance with 98% Occupancy, 6% Rental Growth
Event summary
- Direct result 2025 at €1.86 per share, exceeding guidance of €1.80-1.85
- Occupancy rate hits 98%, highest since 2013
- Like-for-like rental growth of +6%, driven by Dutch retail recovery
- Disposed of Dutch FSC Sterrenburg for €60m at book value in December 2025
- Total shareholder return of +51% for 2025, dividend raised 4% to €1.30 per share
The big picture
Wereldhave's strong 2025 performance reflects a broader recovery in Dutch retail real estate, with high occupancy and rental growth driving shareholder returns. The disposal of Sterrenburg suggests disciplined portfolio management, but maintaining this momentum will depend on external market conditions and inflationary pressures. The company's ability to balance growth with cost stability will be key in 2026.
What we're watching
- Portfolio Strategy
- Whether Wereldhave can sustain rental growth amid inflationary pressures and market volatility.
- Dividend Policy
- How the 4% dividend increase will impact investor sentiment and future payout sustainability.
- Market Dynamics
- The pace at which Dutch retail demand will continue supporting occupancy and rental growth.
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