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olivLaw · European equity research

NEPI Rockcastle N.V. NRP.AS

Netherlands · Euronext Amsterdam · ISIN NL0015000RT3 · Vertical: Listed companies from Netherlands

7.75EUR−0.64% · 1 dayClose 05 Nov 2026

NEPI Rockcastle N.V. is a property company that develops and manages shopping centres, with a focus on Central and Eastern Europe, according to its annual report for fiscal 2025. The report also describes an independent board evaluation, which makes governance and succession matters relevant to investors in 2026.

At the close of 05 Nov 2026, NEPI Rockcastle N.V. (NRP.AS) stock was 7.75 EUR (−0.64% on the day), with market capitalisation 5.5 bn EUR, P/E 11.0 on diluted EPS of 0.70 EUR over the last 12 months, dividend yield 7.11%, beta 0.50, 52-week range 6.62–8.22 EUR.

Data as of · AI analysis dated · Source: ESEF annual reports and closing prices, computed by olivLaw.

Market cap
5.5 bn EUR
shares as of 31 Dec 2025
P/E (TTM)
11.0
Diluted EPS TTM 0.70 · TTM to 31 Dec 2025
E/P (TTM)
9.05%
TTM to 31 Dec 2025
Dividend yield
7.11%
DPS 12m 0.55
Beta (2y)
0.50
Volatility (1y) 28%
52-week range
6.628.22

Price history

Loading chart…

Technical reading

RSI (14)
52.7
neutral
Bollinger (20, 2)
7.42 – 7.88
in the upper half of the band · %B 0.72 · band width 6.0%
SMA 50 / 200
7.76 / 7.65
mixed trend
MACD (12, 26, 9)
0.02 / -0.00
MACD above signal

Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).

Performance

CompanyEURO STOXX 50vs EURO STOXX 50Vertical median
1 month+1.6%−0.6%+2.2 pp—
3 months−3.3%−4.2%+0.9 pp—
6 months+6.2%+4.3%+1.8 pp—
Year to date+4.7%+7.5%−2.8 pp—
1 year+10.4%+9.9%+0.5 pp+0.3%
3 years+53.5%+49.8%+3.6 pp+2.2%
5 years+30.3%+42.8%−12.6 pp—
Max drawdown (1y)
−19.5%
24 Feb 2026 → 24 Mar 2026
Max drawdown (5y)
−27.4%
15 Feb 2022 → 12 Oct 2022
Compound annual growth (5y)
+5.4%
EURO STOXX 50 +7.4%

Price returns, dividends excluded.

Quarterly results

ESEF annual reports carry no quarters: the results are annual (below).

E/P over time

E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.

Today's P/E sits at the 100 percentile of its own 3-quarter history (min 8.1, median 8.6, max 10.6; quarters with earnings only).

Fiscal years

Fiscal year202320242025
Revenueunavailableunavailableunavailable
Revenue YoYunavailableunavailableunavailable
Net income476.8 m587.6 m498.8 m
Net income YoYunavailable+23.2%−15.1%
Diluted EPS0.750.880.70
Diluted EPS YoYunavailable+16.4%−19.8%
net %unavailableunavailableunavailable
Free cash flowunavailableunavailableunavailable

Balance sheet & financial health

Fiscal year 2025 · 31 Dec 2025

Cash
314.0 m EUR
Financial debt
unavailable EUR
Net debt
unavailable EUR
Equity
5.0 bn EUR
Total assets
9.0 bn EUR
Debt / equity
unavailable
Current ratio
unavailable
ROE
10.1%
ROA
5.6%
FCF margin
unavailable

Financial statements (source on every figure)

Revenue and net income (EUR)

Income statement · EUR

Operating income
2023
629.5 m
2024
747.0 m
2025
736.9 m

esef· 24 Mar 2026verified

Interest expense
2023
69.1 m
2024
100.1 m
2025
104.0 m

esef· 24 Mar 2026verified

Pre-tax income
2023
546.7 m
2024
649.6 m
2025
624.9 m

esef· 24 Mar 2026verified

Income tax
2023
69.9 m
2024
62.0 m
2025
126.1 m

esef· 24 Mar 2026verified

Net income
2023
476.8 m
2024
587.6 m
2025
498.8 m

esef· 24 Mar 2026verified

Diluted EPS
2023
0.75
2024
0.88
2025
0.70

esef· 24 Mar 2026verified

Weighted average diluted shares
2023
634.2 m
2024
671.5 m
2025
711.2 m

esef· 24 Mar 2026verified

Dividend per share
2023
0.11
2024
0.41
2025
0.55

esef· 24 Mar 2026derived

Balance sheet · EUR

Cash
2023
338.5 m
2024
448.5 m
2025
314.0 m

esef· 24 Mar 2026verified

Receivables
2023
93.5 m
2024
115.9 m
2025
113.5 m

esef· 24 Mar 2026verified

Inventories
2023
17.3 m
2024
4.2 m
2025
0

esef· 24 Mar 2026verified

Property, plant & equipment, net
2023
4.7 m
2024
41.6 m
2025
91.1 m

esef· 24 Mar 2026verified

Goodwill
2023
76.8 m
2024
76.8 m
2025
76.8 m

esef· 24 Mar 2026verified

Total assets
2023
7.6 bn
2024
8.7 bn
2025
9.0 bn

esef· 24 Mar 2026verified

Accounts payable
2023
154.3 m
2024
187.1 m
2025
179.3 m

esef· 24 Mar 2026verified

Current liabilities
2023
—
2024
245.0 m
2025
501.2 m

esef· 24 Mar 2026verified

Total liabilities
2023
3.3 bn
2024
3.8 bn
2025
3.9 bn

esef· 24 Mar 2026verified

Equity
2023
4.3 bn
2024
4.9 bn
2025
5.0 bn

esef· 24 Mar 2026verified

Shares outstanding at year end
2023
633.1 m
2024
670.0 m
2025
709.5 m

esef· 24 Mar 2026derived

Cash flow · EUR

Operating cash flow
2023
366.9 m
2024
429.1 m
2025
453.5 m

esef· 24 Mar 2026verified

Investing cash flow
2023
-171.1 m
2024
-718.3 m
2025
-200.7 m

esef· 24 Mar 2026verified

Financing cash flow
2023
-107.9 m
2024
399.1 m
2025
-387.4 m

esef· 24 Mar 2026verified

Dividends paid
2023
67.8 m
2024
277.0 m
2025
391.1 m

esef· 24 Mar 2026verified

Share repurchases
2023
5.2 m
2024
5.2 m
2025
—

esef· 15 Apr 2025verified

Computed indicators

Growth

Revenue growth (YoY)
unavailable
input data missing
Revenue CAGR 3Y
unavailable
input data missing
Revenue CAGR 5Y
unavailable
input data missing
EBIT growth (YoY)
-1.4%
computed by olivLawFY 2025
Net income growth (YoY)
-15.1%
computed by olivLawFY 2025
Net income CAGR 3Y
unavailable
input data missing
Net income CAGR 5Y
unavailable
input data missing
EPS growth (YoY)
-19.8%
computed by olivLawFY 2025
EPS CAGR 3Y
unavailable
input data missing
EPS CAGR 5Y
unavailable
input data missing
FCF growth (YoY)
unavailable
input data missing

Profitability

Gross margin
unavailable
input data missing
EBITDA margin
unavailable
input data missing
EBIT margin
unavailable
input data missing
Net margin
unavailable
input data missing
FCF margin
unavailable
input data missing

Returns

ROE
10.1%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
ROA
5.6%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
ROIC
unavailable
input data missing
ROCE
8.7%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
Payout ratio (EPS)
78.6%
computed by olivLawFY 2025
Payout ratio (FCF)
unavailable
input data missing

Balance sheet

Net debt
unavailable
input data missing
Net debt / EBITDA
unavailable
input data missing
Debt / equity
unavailable
input data missing
Interest coverage
7.1x
computed by olivLawFY 2025

Liquidity

Current ratio
unavailable
input data missing
Quick ratio
unavailable
input data missing
Cash ratio
0.6x
computed by olivLawbalance sheet at 31 Dec 2025

Cash

Operating cash flow
453.5 m EUR
computed by olivLawFY 2025
Capital expenditure
unavailable
input data missing
Free cash flow
unavailable
input data missing
FCF conversion
unavailable
input data missing
Cash conversion
unavailable
input data missing

Efficiency

Days sales outstanding
unavailable
input data missing
Days inventory outstanding
unavailable
input data missing
Days payables outstanding
unavailable
input data missing
Cash conversion cycle
unavailable
input data missing

Market and valuation

Market capitalisation
5.5 bn EUR
computed by olivLawbalance sheet at 31 Dec 2025
Enterprise value
unavailable
input data missing
Market cap / net income TTM
11.0x
computed by olivLawFY 2025
P/E (TTM)
11.0x
computed by olivLawFY 2025
Earnings yield
9.1%
computed by olivLawFY 2025
P/B
1.1x
computed by olivLawbalance sheet at 31 Dec 2025
P/S
unavailable
input data missing
EV/EBITDA
unavailable
input data missing
EV/EBIT
unavailable
input data missing
EV/Sales
unavailable
input data missing
P/FCF
unavailable
input data missing
FCF yield
unavailable
input data missing
Dividend yield
7.1%
computed by olivLawFY 2025
Shareholder yield (distributions)
7.2%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025

1 indicators that do not apply to the sector.

Valuation

olivLaw classification

Insufficient data
What is missing
  • indicators available: 3 of at least 6
  • score weight coverage: 22.9% of at least 60%

A scoring methodology on indicators and valuation, not investment advice.

Closing price

7.75 EUR

05 Nov 2026Source: olivLaw, closing series

Market cap: 5.5 bn EUR

Key indicators

Market capitalisation
5.5 bn EUR
computed by olivLawbalance sheet at 31 Dec 2025
P/E (TTM)
11.0x
computed by olivLawFY 2025
P/B
1.1x
computed by olivLawbalance sheet at 31 Dec 2025
EV/EBITDA
unavailable
input data missing
ROE
10.1%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
Net margin
unavailable
input data missing
Revenue growth (YoY)
unavailable
input data missing
Dividend yield
7.1%
computed by olivLawFY 2025

Coverage and freshness

24/37 reporting lines present
Latest full fiscal year: 2025
Latest reported period: 31 Dec 2025
Latest balance sheet date: 31 Dec 2025
Share count (cover of the latest filing), as of: 31 Dec 2025
Source: esefpublished 24 Mar 2026
verified 75derived 6

Score by group

23% · Insufficient data

Estimated value range

Low
7.15
EUR per share
Mid
9.18
EUR per share
High
14.01
EUR per share
Price: 7.75 EUR
The price is within the range
Potential to the central value: 18.5% (value / price − 1)
Margin of safety: 15.6% (1 − price / value)
Agreement between methods: high · 2 methods used · 2 independent bases

The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 6.81 – 17.79 EUR.

Valuation assumptions are editorial choices, not measured; beta is not measured.

Method ranges (EUR per share)

— — Mid · ▏ Price

Valuation methods

  • DCF (discounted cash flow)unavailable · input data missing
  • Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
  • Peers: P/E6.81 – 17.79 (Mid 9.72)
    17 companies used · median multiple 13.9x · quartiles 9.7x – 25.4x
    AALB.AS, ACOMO.AS, AD.AS, ADYEN.AS, AKZA.AS, ARCAD.AS, ASM.AS, ASML.AS, AXS.AS, BAMNB.AS, BNJ.AS, CRBN.AS, CTAC.AS, ECMPA.AS, FFARM.AS, HAL.AS, HAVAS.AS
  • Dividend discount (DDM)7.50 – 10.22 (Mid 8.65)

Assumptions (illustrative, editorial)

Risk-free rate
3.0%
Equity risk premium
5.5%
Beta (default)
1.00
Cost of equity
8.5%
Terminal growth
2.0%

Factor scorecard

Insufficient data

Minimum-evidence gate: indicators available: 3 of at least 6; score weight coverage: 22.9% of at least 60%

FactorValueScoreWeight used
ROIC · Qualityunavailableunavailable—
Net margin · Qualityunavailableunavailable—
FCF conversion · Qualityunavailableunavailable—
Revenue CAGR 3Y · Growthunavailableunavailable—
EPS CAGR 3Y · Growthunavailableunavailable—
Net debt / EBITDA · Balance sheetunavailableunavailable—
Interest coverage · Balance sheet7.1x86 (on a fixed band)27%
Current ratio · Balance sheetunavailableunavailable—
P/E (TTM) · Valuation11.0x73 (vs peers)45%
EV/EBITDA · Valuationunavailableunavailable—
FCF yield · Valuationunavailableunavailable—
Shareholder yield (distributions) · Returns7.2%100 (on a fixed band)27%
Payout ratio (FCF) · Returnsunavailableunavailable—

Factors without a value were dropped; the remaining weights were renormalised.

Score groups

  • Balance sheet· partial86/100 · 1/3 factors with a value
  • Growth· partialunavailable · 0/2 factors with a value
  • Quality· partialunavailable · 0/3 factors with a value
  • Returns· partial100/100 · 1/2 factors with a value
  • Valuation· partial73/100 · 1/3 factors with a value

A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.

Memo

NEPI ROCKCASTLE N.V. (NRP.AS). Latest full fiscal year: 2025; data up to 2025-12-31.

Figures computed from the financial statements: ROE 10.1%.

The estimated value range is 7.15–14.01 EUR per share (median of 2 methods, agreement: high); assumptions are illustrative. Against the central value of 9.18 EUR, the price of 7.75 EUR leaves a potential of 18.5% (value / price − 1) and a margin of safety of 15.6% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.

Insufficient data for a verdict (indicators available: 3 of at least 6; score weight coverage: 22.9% of at least 60%).

Text generated deterministically from the figures shown; no language model. Not investment advice.

What supports the thesis

  • Interest coverage: 7.1x
  • P/E (TTM): 11.0x
  • Shareholder yield (distributions): 7.2%

What contradicts it

No signal among the computed factors. That is not an absence of risk: factors without data were not assessed, and business risks (margins, inventory, demand) are in the source-based analysis.

Not assessed (insufficient data or a ratio without meaning): ROIC, Net margin, FCF conversion, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, Current ratio, EV/EBITDA, FCF yield, Payout ratio (FCF).

Versus the vertical median

Listed companies from Netherlands · same country · compared with 40 companies

Multiples and returns vs the median

P/E
11.0x
vertical median 18.6x
below median (−40.5%)
EV/EBITDA
—
vertical median 9.9x
P/S
—
vertical median 0.8x
P/B
1.1x
vertical median 2.1x
below median (−47.7%)
ROE
10.1%
vertical median 5.1%
above median (+97.8%)
Net margin
—
vertical median 2.2%
EBIT margin
—
vertical median 4.2%
Revenue YoY
—
vertical median 3.1%
Net debt/EBITDA
—
vertical median 0.1x
Dividend yield
7.1%
vertical median 2.6%
above median (+169.8%)

Companies in the vertical

Market capP/EROENet marginRevenue YoY1A / 3A
ASML.ASASML Holding N.V.485.6 bn47.644.2%31.3%+15.6%+38% / +101%
DSFIR.ASDSM-Firmenich AG33.7 bn120.51.2%2.2%+20.4%+60% / +30%
AD.ASKoninklijke Ahold Delhaize N.V.31.2 bn13.915.3%2.5%+3.4%−3% / +30%
ASM.ASASM International N.V.31.2 bn43.318.7%22.8%+8.2%+34% / +35%
ADYEN.ASAdyen N.V.28.1 bn26.622.3%40.1%+18.9%−33% / −17%
HAL.ASHAL Trust15.5 bn9.710.5%12.8%+1.2%+22% / +47%
EXO.ASExor N.V.15.0 bn—-10.6%—−100.0%+1% / −18%
BESI.ASBE Semiconductor Industries N.V.11.2 bn84.928.7%22.3%−2.7%+8% / +10%
AKZA.ASAkzo Nobel N.V.10.7 bn17.013.8%6.3%−5.2%+12% / −11%
AALB.ASAalberts N.V.4.5 bn25.47.2%5.7%−5.3%+48% / +13%
ARCAD.ASArcadis N.V.4.2 bn20.218.3%4.3%−2.4%+24% / +2%
BNJ.ASBanijay Group N.V.3.4 bn13.8343.8%5.1%+1.6%−11% / −8%
BAMNB.ASKoninklijke BAM Groep N.V.3.3 bn41.89.1%1.3%+2.9%+47% / +400%
BFIT.ASBasic-Fit N.V.2.0 bn138.23.6%1.0%+16.9%+7% / +16%
HAVAS.ASHavas N.V.1.8 bn9.610.2%6.5%+1.7%+26% / unavailable
CRBN.ASCorbion N.V.1.6 bn8.327.3%14.9%+1.9%+40% / +55%
ECMPA.ASEurocommercial Properties N.V.1.4 bn11.25.9%45.4%+4.2%−4% / +19%
FUR.ASFugro N.V.985.3 m—-1.5%-1.1%−18.8%−0% / −49%
ACOMO.ASAcomo N.V.685.9 m15.210.7%3.3%+7.6%−3% / +37%
FAST.ASFastned B.V.663.0 m—-28.2%-21.7%+66.1%+60% / +25%
FFARM.ASForFarmers N.V.479.4 m9.614.5%1.6%+14.8%+22% / +123%
BRNL.ASBrunel International N.V.383.2 m125.51.0%0.3%−10.8%−6% / −29%
ENVI.ASEnvipco Holding N.V.224.1 m—-12.7%-11.9%−20.8%−25% / +47%
ALFEN.ASAlfen N.V.219.8 m—-0.1%-0.0%−10.7%−4% / −78%
CMCOM.ASCM.com N.V.192.5 m—-22.2%-1.5%−5.4%+23% / −30%

1- and 3-year price returns: for NRP.AS from daily closes (the same as the performance table), for the other companies from month-end closes.

olivLaw engine forecast

The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.

The engine has no published run for this company yet.

Valuation scenarios (editable assumptions)

Illustrative scenarios

Scenarios are not available. input data missing

AI analysis

AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

In brief

NEPI Rockcastle N.V. is a property company that develops and manages shopping centres, with a focus on Central and Eastern Europe, according to its annual report for fiscal 2025. The report also describes an independent board evaluation, which makes governance and succession matters relevant to investors in 2026.

SWOT

Strengths

  • The board confirmed a functioning governance framework with specialised committees and formal compliance processes, which reduces the risk of organisational weakness.
  • A clear authorisation for share issuances and repurchases gives flexibility in managing capital.
  • The succession process for critical executive roles has been formalised and communicated in advance.

Weaknesses

  • The source document gives no detailed operational or financial performance data by segment, which limits the analysis.
  • The board identified strategy and succession as areas to improve, which shows these processes are still developing.
  • Changes in executive leadership in 2026 could create a transition period with a risk of discontinuity.

Opportunities

  • Optimising the agendas of the board and its committees could lead to more effective long-term decisions.
  • Disposals of assets that no longer contribute to growth could free capital for more productive projects.
  • A focus on sustainability and ESG reporting could attract investors interested in responsible criteria.

Threats

  • If the commercial property market weakens, asset values and income could be affected, although the report does not quantify this risk.
  • Regulatory changes on governance and reporting could raise compliance costs.
  • Competition for asset acquisitions could reduce the returns on new investments.

Risks

  • Executive leadership transitionmedium

    The appointment of a new Group CEO and a new Group COO from 1 April 2026 could change strategic priorities and the pace of decisions.

  • Board successionmedium

    The board stressed the need for succession planning and renewal, and delays in this process could affect continuity of governance.

  • Capital management through repurchaseslow

    Repurchases and issuances within the 10% limit could change the shareholder structure and influence investor confidence if used improperly.

  • Conflicts of interest and related party transactionslow

    The document shows that policies are formalised, but any significant conflict could affect the independence of board decisions.

  • Property market riskhigh

    If demand for commercial space falls, rental income and asset values could be affected, and the report gives no quantitative data to assess this exposure.

Investment thesis

What would need to be true (bull case)

  • Well-structured governance and an independent board evaluation may support confidence in the group's ability to execute its strategy.
  • Repurchase and issuance authorisations give flexibility, and disposals of weaker assets could free capital for growth.
  • A formal succession plan and a focus on sustainability could reduce long-term operational risks.

What would break the thesis

  • Changes in executive leadership from 2026 could introduce uncertainty into the strategy and the execution of existing plans.
  • The board identified strategy and succession as areas for improvement, which shows some processes are not yet fully consolidated.
  • The lack of detailed market and segment performance data in the document limits the ability to assess the real risks.

What to watch

  • Implementation of the board's action plan on strategy and succession2026
  • Effects of the new Group CEO and Group COO appointments on strategy2026
  • Use of the share issuance and repurchase authorisationsnext 10-K
  • Semi-annual and annual financial results, including revenue and asset trends2026

Products, market & competition

AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

The business

According to the annual report for the year ended 31 December 2025, the group operates as a Dutch-domiciled, listed company, and its issued share capital at year-end 2025 was 712,357,309 shares 1. The governance structure includes a board with specialised committees, namely audit, risk and compliance, sustainability, remuneration, nomination and investment. Responsibility for identifying and assessing investments, optimising existing assets and proposing disposals rests with executive management, and the investment committee approves or recommends transactions to the board.

The report also notes that the general meeting of shareholders authorised the board to issue shares for cash up to 10% of issued shares and to repurchase shares in the same proportion 1. In April 2025 the company repurchased own shares, which shows that its capital structure is actively managed. Treasury shares carry no voting rights at general meetings.

On governance, the report indicates a formal succession process for critical executive roles: effective 1 April 2026, a former group COO became Group CEO, and another director was appointed Group COO 1. The board confirmed that it operates effectively but identified strategy ownership and succession readiness as priorities to strengthen.

Segments

Commercial property management

The annual report describes the group's activity as centred on commercial real estate assets, and the investment committee reviews acquisitions, capital expenditure for developments or extensions, and disposals of assets that no longer contribute to income growth 1. Control of this activity remains with executive management, which coordinates all acquisitions and disposals.

Capital and shareholding

In this area the report covers share issuance, own-share repurchases and the authorisations the general meeting granted to the board 1. A specific feature is that treasury shares carry no voting, distribution or surplus-asset rights on winding-up.

Market context

The source document does not provide detailed data on the property market or the group's market shares. The report does state that investment and development activity is guided by group strategy and market trends, without quantifying them 1. A full market analysis would require data from other sources, as the figures in the report relate to capital structure and governance.

The report notes that remuneration and strategy are aligned with market trends, which suggests the competitive environment shapes board decisions 1. Although the document gives no market figures, these references show how investors could assess the company's adaptation of policies to sector changes.

Trends

  • Strengthening governance and successiontailwind

    The board identified succession planning and renewal as areas of continued focus, which could support continuity of leadership if the plan is carried out as scheduled 1.

  • Change in executive leadershipmixed

    New executive directors took office from 1 April 2026, which may bring continuity but also a transition period in which strategic priorities could be reassessed 1.

  • Share repurchase practicemixed

    The shareholder authorisation for repurchases and issuances of up to 10% of capital gives flexibility in managing the capital structure, but the effect depends on future board decisions 1.

  • Focus on sustainability and compliancetailwind

    The sustainability and risk and compliance committees oversee ESG impact and the compliance framework, which could reduce long-term regulatory risks 1.

Competitive position

The source document does not explicitly name the group's competitors and offers no market share analysis. Competitive position could be assessed by comparison with other listed property companies in Central and Eastern Europe, but that information is not in the annual report 1.

One differentiating factor the report mentions is how the group manages its assets and capital, through share repurchases and a formal succession process 1. These governance aspects may influence investor confidence without establishing a precise competitive position.

  • Listed property companies in Central and Eastern Europe

    The annual report does not name competitors; this reference group would need to be filled in from other sources.

  • Shopping centre developers and operators in the region

    General category; specific competitors are not identified in the source document.

  • European real estate funds with commercial assets

    Indirect competition for capital and for asset acquisitions, with no names specified in the source.

  • Other listed companies with a similar capital structure

    Comparison of capital and repurchases would require data from those companies' reports.

News & filings

In the press

Annual reports (ESEF)

Sources

  1. [1] Annual report, fiscal year ended 2025-12-31 (ESEF) · SEC / NEPI Rockcastle N.V. · 31 Dec 2025

Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.