NSI stock
NSI.ASAMSNSI N.V., Real EstateISIN NL0012365084
48Score 48 out of 100, Weak
Price and trend
68 / 100
Price history
−14% in one yearThe chart shows daily closes over 20 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Above the 200-day line: the price is 0.6% above it.
Since September 2025 the 50-day line has been below the 200-day line; the trend has turned down.
Normal: the price is neither overheated nor sold off (RSI 45).
The price is 14% below its 52-week high. Largest decline in 20 years: 91% (May 2007 to October 2026).
Chart figures for advanced users
- SMA 50$18.68
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$19.25
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)45
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDabove the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$17.91
- The lowest closing price of the last twelve months.
- Resistance$22.59
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- NSI N.V. belongs to the REIT (Office) industry (Netherlands) and, with a market value of $377.91M, is number 17 of 19 companies in its industry on MEQIRI.
- In fiscal 2025 it reported revenue of $97.39M (up 1.8% year on year) and a loss of $10.89M.
- MEQIRI Score 48 out of 100 (Weak): rank 233 of 327 in Real Estate, median 55.
Show more
- For real estate investment trusts (REITs) what counts is funds from operations (FFO and AFFO). The P/E and the payout ratio of earnings say little here, because depreciation on properties depresses earnings.
- Our model puts fair value at $21.93, with the price 11% below it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
None of our strength checks applies.
Weaknesses
- Loss-makingLoss of $17.68M over the last 12 months.Fundamentals 48
Its standout strength is valuation, while growth and profitability hold the score back.
Daily figure as of 12 Nov 2026
How the score is calculatedScore overview
Fundamental quality fluctuates.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk low
How well MEQIRI warnsOne of the 30% with the lowest crash risk among smaller stocks.
From 2016 to 2025, 14 in 100 such stocks fell 30% or more within a year, against a group average of 23 in 100.
What drives the risk
- weak fundamentals
What lowers it
- calm price action
Valuation
Valuation signal
Modestly undervaluedClosing price of 11 Nov 2026, used by the daily score.
In our model the price counts as cheap below $18.28 and expensive above $27.41 (uncertainty low, based on the price swings of the past year).
The two parts of the fair value come to $26.03 (cash-flow model) and $17.83 (industry comparison), and the gap between them shows how uncertain the estimate is.
Calculated with a cost of equity of 7.3%. At 8.3% the fair value would be $19.77, at 6.3% it would be $25.17.
Valuation metrics
Half from the cash-flow model, half from operating cash flow per share times the median price to cash flow of the REIT industry (8.6). For the fair value, FFO only counts when it is in line with operating cash flow. That is not the case here, for example because the REIT carries its properties at market value, records little depreciation or a gain on sale sits in earnings. The cash-flow model uses AFFO: operating cash flow less maintenance, estimated at 15% of revenue. New construction and acquisitions do not count as running costs there.
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Jun 2026, revenue fell 3.8% on the twelve months before. Revenue has stayed largely stable since 2006.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2025: gross 67%, operating 60%, net −11%. Last 12 months: net −19%.
Debt & balance sheet
latest quarterDebt is moderate, but interest coverage is weak. Keep an eye on the interest burden and refinancing.
Earnings
- Next earnings
- 28 Jan 2027in 77 days
- Last reported
- 15 Jul 2026EPS reported $0.88 (expected $0.88)in line with expectations
Analyst estimates
Earnings estimates have barely changed since 15 Oct 2026.
- Earnings per share
- $2.090.0%
- Revenue
- $74.22M−1.7%
- Earnings per share
- $2.04+0.1%
- Revenue
- $72.73M−1.0%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook lowered
Share price after the results: −0.7%Guidance lowered: 2026 EPRA EPS now EUR 1.80 to EUR 1.90 versus the previous EUR 1.90 to EUR 2.05, because leasing at Vivaldi II is slower than expected.
“Due to the slow leasing progress on Vivaldi II, and we noted that on the right-hand side of this slide, and the one of approval for CEO transition, we lower our EPRA EPS guidance to EUR 1.80 to EUR 1.90 per share from the previous EUR 1.90 to EUR 2.05.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 15 Jul 2026 (fiscal Q2 2026), read by AI.
What happened at NSI
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
327 rated companies in Real Estate
- This company
- 48
- Sector median
- 55
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in REIT (Office)
The next larger and next smaller companies by market value
- Douglas EmmettDEI $1.68B45
- Piedmont Office Realty TrustPDM $1.24B46
- Easterly Government PropertiesDEA $1.06B47
- Postal Realty TrustPSTL $880.3M62
- Hudson Pacific PropertiesHPP $557.21M31
- Brandywine Realty TrustBDN $530.45M45
- Árima Real Estate SOCIMIARM.MC $353.78M60
- Office Properties Income TrustOPI $337.65M40
ETFs that hold NSI
Held by 9 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| iShares European Property Yield UCITS ETFIQQP | 0.22% | 0.40% | €762.78M |
| State Street SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETFZPRP | 0.20% | 0.30% | €113.99M |
| Xtrackers FTSE Developed Europe ex UK Real Estate UCITS ETF 1CXREA | 0.20% | 0.33% | €18.23M |
Show 5 more
| Xtrackers FTSE Developed Europe Real Estate UCITS ETF 1CD5BK | 0.13% | 0.33% | €639.74M |
| iShares Developed Markets Property Yield UCITS ETFIQQ6 | 0.02% | 0.59% | €812.71M |
| UBS FTSE EPRA Nareit Developed Green UCITS ETF USD disCSYZ | 0.02% | 0.25% | €207.23M |
| Amundi FTSE EPRA NAREIT Global UCITS ETF Dist10AJ | 0.01% | 0.24% | €603.52M |
| HSBC FTSE EPRA NAREIT Developed UCITS ETFH4ZL | 0.01% | 0.24% | €3.36B |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 12 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 11 Nov 2026 ($1 = €0.8987)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Weak, published since 7 Nov 2026 (in the score history since 18 Jul 2025)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.