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Dutch REIT owning and operating dominant regional shopping centers in France, Italy and Sweden.
Dutch REIT owning and operating dominant regional shopping centers in France, Italy and Sweden.
Collects rent from the retailers in its centres on leases that are usually adjusted each year for inflation, with some contracts adding a share of tenants' sales, so keeping the centres full and well kept matters most. Its shares trade as depositary receipts, certificates standing for the Dutch company's shares.
In one line: A European shopping-mall REIT.
Moat: narrow (scale, installed base). Owns dominant, well-located regional malls with high footfall in each local market.
Headquarters: Amsterdam, Netherlands · Founded: 1991 · Employees: 98
Size Eurocommercial Properties (ECMPA.AS) is a Netherlands Real Estate company (Real Estate Investment Trusts) with a market value of $1.72B, the 44th largest of 61 Netherlands companies the cockpit tracks. Shares closed at €25.45 on 6 Nov 2026.
Performance Over six months the shares fell 7.3%, against -11.9% for the median peer and +0.4% for the Netherlands market (cap-weighted) — 7th highest of 20 in its peer set.
Growth Revenue grew 1.5% over the last twelve months (peer median +5.1%); the operating margin is 75.3% (peer median 46.0%).
Valuation It trades at 0.64× book value against a peer median of 0.86× (4th cheapest of 21).
Price implies The share price implies a return on equity of about 5.0%; Eurocommercial Properties delivers 8.5%, so the price asks less than the business earns today.
Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €280M | €276M | €272M | €264M | €246M |
| Revenue growth | — | +2% | +3% | +7% | — |
| Gross profit | €188M | €190M | €193M | €181M | €186M |
| EBITDA | €213M | €185M | €159M | €132M | €288M |
| Net income | €184M | €124M | €177M | -€26.9M | €201M |
| Free cash flow | €77.0M | €85.2M | €69.2M | €88.3M | €82.7M |
| Capital expenditure | €44.0M | €36.8M | €39.0M | €28.7M | €25.7M |
| Total debt | €1.67B | €1.59B | €1.56B | €1.56B | €1.52B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Eurocommercial Properties ECMPA.AS | $1.72B | -7% | +1% | 9% | 0.64× | 5.0% |
| Unibail-Rodamco-Westfield SE Stapled Secs Cons of 1 Sh Unibail Rodamco + 1 Sh WFD Unib Rod URW.PA | n/a | -7% | n/a | n/a | n/a | n/a |
| Klepierre LI.PA | $11.6B | +8% | +3% | 15% | 1.11× | 11.4% |
| Wereldhave WHA.AS | $956M | -15% | +10% | 6% | 0.79× | 6.0% |
| Citycon CTY1S.HE | $612M | +1% | -2% | 3% | 0.46× | 4.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ECMPA.AS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.0% | +2.5% | 10th lowest of 21 |
| 6-month return | -7.3% | -11.9% | 7th highest of 20 |
| Return on equity | 8.5% | 5.9% | 6th highest of 20 |
| Price / book | 0.64× | 0.86× | 4th cheapest of 21 |
| Trailing P/E | 7.6× | 15.3× | 3rd cheapest of 13 |
| ROE the price implies | 5.0% | 8.6% | 3rd least demanding of 21 |
| ROE delivered | 8.5% | 5.9% | 6th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Eurocommercial Properties ECMPA.AS | Netherlands | $1.72B | -7% | +1% | 9% | 0.64× | 5.0% | 8.5% |
| HomeCo Daily Needs REIT HDN.AX | Australia | $1.71B | -2% | +4% | 11% | 0.76× | 8.5% | 11.4% |
| Douglas Emmett DEI | United States | $1.70B | -18% | +2% | -1% | 0.89× | 10.1% | -1.2% |
| Diversified Healthcare Trust DHC | United States | $1.70B | -17% | -4% | -9% | 1.11× | 18.0% | -9.5% |
| Daiwa Office Investment 8976.T | Japan | $1.74B | -12% | +24% | 6% | 1.13× | 4.7% | 6.3% |
| Mitsui Fudosan Accommodations Fund 3226.T | Japan | $1.75B | -16% | +18% | 9% | 1.79× | 6.3% | 8.6% |
| Safestore SAFE.L | United Kingdom | $1.67B | -13% | +7% | 3% | 0.55× | 8.4% | 2.9% |
| Sekisui House Reit 3309.T | Japan | $1.78B | -23% | +5% | 7% | 0.97× | 5.3% | 7.4% |
| Charter Hall Long WALE REIT CLW.AX | Australia | $1.78B | +4% | +40% | 8% | 0.76× | 9.2% | 8.3% |
| Champion Real Estate Investment Trust 2778.HK | Hong Kong | $1.80B | -8% | -8% | -3% | 0.35× | 4.6% | -2.6% |
| H&R Real Estate Investment Trust HR-UN.TO | Canada | $1.80B | -10% | -6% | -13% | 0.60× | 6.3% | -12.8% |
| Blackstone Digital Infrastructure Trust BXDC | United States | $1.61B | n/a | n/a | n/a | 0.83× | 7.3% | n/a |
| Blackstone Mortgage Trust BXMT | United States | $1.85B | -42% | -2% | -12% | 0.65× | 7.3% | -11.7% |
| Charter Hall Retail REIT CQR.AX | Australia | $1.59B | +6% | +31% | 14% | 0.78× | 8.7% | 13.9% |
| Global Net Lease GNL | United States | $1.58B | -26% | -30% | -1% | 0.96× | 9.9% | -1.0% |
| ARMOUR Residential REIT ARR | United States | $1.87B | -29% | -140% | -2% | 0.80× | 10.2% | -2.3% |
| Region RGN.AX | Australia | $1.89B | +6% | +30% | 9% | 0.92× | 9.4% | 9.2% |
| Great Portland Estates GPE.L | United Kingdom | $1.90B | +17% | +24% | 7% | 0.66× | 9.9% | 7.5% |
| Activia Properties 3279.T | Japan | $1.90B | -10% | +24% | 6% | 1.12× | 5.6% | 5.9% |
| Getty Realty GTY | United States | $1.92B | -14% | +11% | 9% | 1.50× | 11.2% | 8.9% |
| RLJ Lodging Trust RLJ | United States | $1.92B | +40% | +1% | 1% | 1.07× | 11.2% | 1.3% |