Employees: 68
Size Nsi (NSI.AS) is a Netherlands Real Estate company (Real Estate Investment Trusts) with a market value of $394M, the 59th largest of 61 Netherlands companies the cockpit tracks. Shares closed at €17.42 on 6 Nov 2026.
Performance Over six months the shares gained 1.4%, against -15.6% for the median peer and +0.4% for the Netherlands market (cap-weighted) — 4th highest of 20 in its peer set.
Growth Revenue fell 3.8% over the last twelve months (peer median +2.1%); the operating margin is 57.9% (peer median 46.9%).
Valuation It trades at 0.54× book value against a peer median of 0.88× (3rd cheapest of 21).
Price implies The share price implies a return on equity of about 4.5%; Nsi delivers -2.5%, so the price asks more than the business earns today.
Next results Next results expected around 28 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €84.0M | €87.5M | €86.0M | €84.7M | €82.3M |
| Revenue growth | — | +2% | +2% | +3% | — |
| Gross profit | €56.1M | €59.6M | €60.5M | €57.8M | €58.6M |
| EBITDA | €49.1M | €53.0M | €53.2M | €47.1M | €54.2M |
| Net income | -€15.9M | -€9.79M | €12.4M | -€142M | -€31.4M |
| Free cash flow | €35.2M | €41.6M | €39.7M | €41.6M | €42.7M |
| Capital expenditure | €25,000 | €0 | €21,000 | €0 | €135,000 |
| Total debt | n/a | €360M | €344M | €346M | €367M |
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.
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 | NSI.AS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +7.8% | -2.5% | 3rd highest of 21 |
| 6-month return | +1.4% | -15.6% | 4th highest of 20 |
| Return on equity | -2.5% | 4.2% | 5th lowest of 21 |
| Price / book | 0.54× | 0.88× | 3rd cheapest of 21 |
| ROE the price implies | 4.5% | 7.3% | 4th least demanding of 21 |
| ROE delivered | -2.5% | 3.7% | 5th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Nsi NSI.AS | Netherlands | $394M | +1% | -4% | -2% | 0.54× | 4.5% | -2.5% |
| Redwood Trust RWT | United States | $392M | -44% | -9% | -4% | 0.44× | 7.2% | -4.0% |
| PRO Real Estate Investment Trust PRV-UN.TO | Canada | $397M | +6% | +8% | 7% | 0.96× | 9.1% | 7.2% |
| Industrial Logistics Properties Trust ILPT | United States | $397M | -27% | +4% | -12% | 0.94× | 16.7% | -12.2% |
| SANKEI REAL ESTATE 2972.T | Japan | $383M | +4% | -15% | -5% | 1.28× | 5.0% | -4.7% |
| BSR Real Estate Investment Trust BSRT-UN.TO | Canada | $405M | -10% | -17% | 3% | 0.68× | 6.8% | 3.2% |
| Fonciere INEA INEA.PA | France | $382M | -11% | -1% | 1% | 0.68× | 5.3% | 0.5% |
| SOSiLA Logistics REIT,Inc 2979.T | Japan | $407M | -28% | 0% | 5% | 0.82× | 4.3% | 4.7% |
| Samty Residential Investment 3459.T | Japan | $411M | -27% | +13% | 6% | 0.77× | 4.0% | 6.1% |
| Centuria Office REIT COF.AX | Australia | $375M | -3% | -1% | 6% | 0.55× | 7.4% | 5.6% |
| Sustainable Energy Infra Trust SEITINVIT.NS | India | $415M | n/a | +6% | 4% | 1.44× | 26.6% | 3.7% |
| Chiron Real Estate XRN | United States | $416M | -16% | +4% | 10% | 0.87× | 9.5% | 10.0% |
| BrightSpire Capital BRSP | United States | $416M | -44% | +2% | 2% | 0.47× | 7.2% | 2.1% |
| NexPoint Residential Trust NXRT | United States | $417M | -46% | +1% | -14% | 1.85× | 17.3% | -13.6% |
| Nexus Industrial REIT NXR-UN.TO | Canada | $418M | -1% | +2% | 5% | 0.71× | 9.0% | 4.9% |
| Hamborner REIT HABA.DE | Germany | $370M | -19% | -4% | -2% | 0.97× | 6.3% | -2.2% |
| Plaza Retail REIT PLZ-UN.TO | Canada | $419M | +19% | +3% | 11% | 1.01× | 7.7% | 11.1% |
| Farmland Partners FPI | United States | $369M | -17% | -6% | 2% | 0.87× | 8.1% | 2.2% |
| Selectirente SELER.PA | France | $367M | -7% | +2% | 5% | 0.88× | 6.0% | 5.0% |
| Community Healthcare Trust CHCT | United States | $423M | -16% | +6% | 5% | 1.02× | 8.2% | 4.7% |
| Alpha Integrated Real Estate Investment Trust M1GU.SI | Singapore | $423M | -1% | +6% | 11% | 0.91× | 3.9% | n/a |