Analysts
Francesca Ferragina and Michiel Vereycken
- Equity research analyst
- ING
- francesca.ferragina@ing.com / michiel.vereycken@ing.com
Lynn Hautekeete
- Financial Analyst
- KBC Securities
- lynn.hautekeete@kbcsecurities.be
Alex Kolsteren
- Research analyst
- Van Lanschot Kempen
- a.kolsteren@vanlanschotkempen.com
Florent Laroche-Joubert
- Financial analyst
- Oddo BHF Securities
- florent.laroche-joubert@oddo-bhf.com
Vivien Maquet
- Equity research analyst
- Degroof Petercam
- v.maquet@degroofpetercam.com
Frederic Renard
- Equity research analyst
- Kepler Cheuvreux
- frenard@keplercheuvreux.com
Consensus October 2026
| FY 26-27 | FY 27-28 | FY 28-29 | |||||||
|---|---|---|---|---|---|---|---|---|---|
| High | Average | Low | High | Average | Low | High | Average | Low | |
| Rental income (m€) | 154.10 | 151.91 | 150.03 | 162.20 | 159.02 | 154.40 | 167.50 | 165.05 | 157.50 |
| EPRA earnings (m€) | 93.90 | 92.68 | 91.70 | 96.00 | 94.03 | 92.40 | 98.70 | 96.08 | 93.30 |
| EPRA earnings per share (€) | 6.23 | 6.15 | 6.10 | 6.30 | 6.20 | 6.13 | 6.42 | 6.30 | 6.21 |
| Dividend per share (€) | 5.25 | 5.24 | 5.20 | 5.30 | 5.28 | 5.20 | 5.35 | 5.31 | 5.20 |
| EPRA NTA per share (€) | 84.90 | 83.83 | 82.37 | 89.70 | 85.79 | 82.09 | 91.40 | 86.77 | 82.60 |
| Loan-to-value (%) | 44.60 | 42.13 | 40.80 | 44.50 | 42.87 | 40.30 | 46.00 | 42.88 | 40.60 |
The consensus is compiled based on the estimates of six analysts and is collected and updated every six months by Retail Estates. It summarizes the forecasts of sell-side analysts based on their research analysis. High and low are the highest and lowest estimates, respectively.
On 22 October 2026, the average target price for the Retail Estates share is €68 based on the estimates of six analysts. The target prices range between €58 and €78. One analyst has a buy recommendation, two have a hold recommendation, one has a neutral recommendation, one has a sell recommendation and one has a reduce recommendation.
These estimates made by the analysts do not represent an opinion or forecast by Retail Estates.