Vastned Belgium stock
VASTB.BRBRUReal EstateISIN BE0003754687
60Score 60 out of 100, Neutral
Price and trend
52 / 100
Price history
−7.5% 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.
Below the 200-day line: the price is 4.9% below it.
Since March 2026 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 56).
The price is 13% below its 52-week high. Largest decline in 20 years: 70% (March 2015 to October 2020).
Chart figures for advanced users
- SMA 50$30.65
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$32.21
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)56
- 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$29.53
- The lowest closing price of the last twelve months.
- Resistance$35.13
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- Vastned Belgium belongs to the REIT (Retail) industry (Netherlands) and, with a market value of $491.89M, is number 31 of 36 companies in its industry on MEQIRI.
- In fiscal 2025 it reported revenue of $78.14M (up 251% year on year) and earnings of $54.39M (up 361.2%).
- MEQIRI Score 60 out of 100 (Neutral): rank 96 of 325 in Real Estate, median 55.
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- The P/E is 8.3 (REIT (Retail) median 17.6, own median of recent years 13.3).
- 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 $27.41, with the price 12% above it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- High marginNet margin 82.1% over the last 12 months, REIT (Retail) median 32.2%.Profitability 62
- Growing faster than its industryRevenue up 31.2% a year since 2020, REIT (Retail) median 8.1%.Growth 80
- Modestly valuedP/E 8.3, REIT (Retail) median 17.6, own median 13.3.Valuation 62
Weaknesses
None of our weakness checks flags anything. Crash risk is measured separately.
Its standout strength is growth, while capital allocation and momentum hold the score back.
Daily figure as of 13 Nov 2026
How the score is calculatedScore overview
The fundamentals are in the middle range.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk medium
How well MEQIRI warnsIn the middle among smaller stocks.
From 2016 to 2025, 20 in 100 such stocks fell 30% or more within a year, against a group average of 23 in 100.
What lowers it
- calm price action
Valuation
Valuation signal
Modestly overvaluedIn our model the price counts as cheap below $22.84 and expensive above $34.26 (uncertainty low, based on the price swings of the past year).
The two parts of the fair value come to $28.56 (cash-flow model) and $26.26 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is above both.
Calculated with a cost of equity of 7.3%. At 8.3% the fair value would be $25.03, at 6.3% it would be $30.99.
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 (13). 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 5% 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 fiscal 2025, revenue rose 251% on the prior year. Revenue has grown solidly since 2006, at about 7% per year.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2025: gross 83%, operating 75%, net 70%. Last 12 months: net 82%.
Debt & balance sheet
latest quarterModerate debt, and interest is adequately covered.
Earnings
- Next earnings
- No date announced.
- Last reported
- 28 Jul 2026EPS reported $1.10
Analyst estimates
- Earnings per share
- $2.22−19.5%
- Revenue
- $77.09M+0.2%
- Earnings per share
- $2.28−14.5%
- Revenue
- $79.74M+0.5%
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.
What happened at Vastned Belgium
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
325 rated companies in Real Estate
- This company
- 60
- 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 (Retail)
The next larger and next smaller companies by market value
- MercialysMERY.PA $1.03B54
- WereldhaveWHA.AS $949.95M57
- Saul CentersBFS $702.95M55
- Wereldhave BelgiumWEHB.BR $658.85M65
- Immobiliare Grande Distribuzione SIIQIGD.MI $490.3M55
- AscencioASCE.BR $411.01M70
- Patrimoine et CommercePAT.PA $369.38M52
- SelectirenteSELER.PA $364.29M57
ETFs that hold Vastned Belgium
Held by 19 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| iShares European Property Yield UCITS ETFIPRE | 0.18% | 0.40% | €191.76M |
| State Street SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETFZPRP | 0.15% | 0.30% | €113.02M |
| Xtrackers FTSE Developed Europe ex UK Real Estate UCITS ETF 1CXREA | 0.14% | 0.33% | €18.06M |
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| Amundi MSCI EMU Small Cap ESG Broad Transition UCITS ETF DISTLGWU | 0.10% | 0.40% | €580.62M |
| Xtrackers FTSE Developed Europe Real Estate UCITS ETF 1CD5BK | 0.09% | 0.33% | €635.92M |
| Amundi MSCI Europe Small Cap ESG Broad Transition UCITS ETF DistX026 | 0.06% | 0.23% | €321.86M |
| iShares MSCI EMU Small Cap UCITS ETFSXRJ | 0.04% | 0.58% | €838.19M |
| State Street SPDR MSCI Europe Small Cap Value Weighted UCITS ETF EUR AccZPRX | 0.02% | 0.30% | €813.64M |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 13 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 12 Nov 2026 ($1 = €0.9024)
- 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 Neutral, published since 7 Nov 2026 (in the score history since 31 Mar 2022)
- 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.