Nextensa's Impressive Q1 2025 Results Drive Growth Forward
Remarkable Progress in Q1 2025
Nextensa has kicked off 2025 on a high note, showcasing its commitment to sustainable investments and marking transformative milestones that solidify its growth trajectory. The company’s recent activities have positioned it favorably within the real estate market, aiming for heightened value creation and enhanced market presence.
Strategic Transactions
The company achieved a significant milestone on February 13, 2025, through the sale of the Knauf Shopping Centers, a decisive step in realigning its portfolio towards assets promising higher growth potential. This sale to the Wereldhave group for a total of €165.75 million bolsters Nextensa’s financial robustness and paves the way for further strategic investments.
Proximus Campus Announcement
Additionally, on April 2, the Proximus group announced its decision to make Tour & Taxis its headquarters. This decision underscores the strategic significance of the area as a sustainable and innovative urban development space. With Proximus securing a long-term commitment, Nextensa is poised to benefit from guaranteed rental income from the fully pre-let office section of the ongoing Lake Side phase.
Proximus Towers Acquisition
On the same day, Nextensa made a strategic acquisition of the Proximus Towers located in the North district of Brussels. This investment, conducted for €62.5 million, reflects Nextensa’s intent to enhance its foothold in high-quality office properties, further aligning with its vision of investing in premium assets that ensure long-term sustainability and value.
Investment Performance
In terms of financials, Nextensa reported a 9% increase in like-for-like rental income during the first quarter of 2025, attributed to robust performance at the Tour & Taxis site as well as strategic renovations such as those at Moonar in Luxembourg and Vösendorf 16 in Austria. However, nominal rental income decreased by 10.2% compared to Q1 2024 due to prior asset disposals.
Property Operating Costs
In a positive development, property operating costs have been reduced by 3% compared to the previous year, reflecting prudent financial management and operational efficiency.
Development Projects Update
The company remains active in development projects, particularly at Cloche d’Or, where the foundation of the office building “The Stairs” was ceremoniously placed on March 18. The building is expected to be delivered by the end of Q1 2026, further advancing Nextensa’s strong development agenda. At Cloche d’Or, just 17 unsold apartments remain despite a generally slower residential market environment.
Sales at Tour & Taxis
At Tour & Taxis, the sales momentum remains strong, with an average sale rate of 2 apartments per week. By the close of the first quarter, 322 out of 346 apartments from Phase II of Park Lane had been successfully sold.
Financial Health
Nextensa reported a net result attributable to the Group’s shareholders of €7.8 million, or €0.77 per share, up from €7.0 million or €0.70 per share from Q1 2024. This impressive increase reflects the company’s robust growth efforts and operational success.
Cost of Financing
Continued active financial management saw the average cost of financing decrease from 2.86% to 2.79%, supported by effective hedging strategies and reduced financial liabilities. Following the strategic disposal of the Knauf Shopping Centers, Nextensa's net loan-to-value ratio improved to below 40%, further enhancing its financial standing.
About Nextensa
Nextensa operates as a mixed-use real estate investor and developer, with its investment portfolio predominantly spread across Luxembourg (43%), Belgium (42%), and Austria (15%). As of March 31, 2025, the total value of Nextensa's assets stood at approximately €1.1 billion. The company's ongoing urban development projects include significant areas like Tour & Taxis in Brussels and the Cloche d’Or in Luxembourg, where it continues to establish a diverse and sustainable real estate portfolio.
Contact Information
For further inquiries, contact Tim Rens, Chief Financial Officer at Nextensa NV. Reach him at 0436.323.915 (RLE Brussels, Dutch-speaking division) or via email at investor.relations@nextensa.eu. More information can also be found at their official website.
Frequently Asked Questions
What were Nextensa's key achievements in Q1 2025?
Nextensa successfully completed several strategic transactions, including the sale of the Knauf Shopping Centers and the acquisition of Proximus Towers, significantly enhancing its market position.
How did the rental income perform in Q1 2025?
Like-for-like rental income grew by 9%, driven by strong property performance, but nominal rental income decreased due to asset disposals.
What is the company's current financial health?
Nextensa reported a net result of €7.8 million for Q1 2025, showcasing improved financial performance compared to the previous year.
What are Nextensa's plans for future developments?
The company is actively involved in developing several significant projects, including the Cloche d'Or and Tour & Taxis, enhancing urban landscapes with mixed-use properties.
Who can I contact for more information about Nextensa?
Contact Tim Rens, CFO of Nextensa, or visit their official website for further information regarding their operations and investor relations.
About The Author
Contact Logan Wright privately here. Or send an email with ATTN: Logan Wright as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.
