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Employees: 133
Size Wereldhave (WHA.AS) is a Netherlands Real Estate company (Real Estate Investment Trusts) with a market value of $956M, the 49th largest of 61 Netherlands companies the cockpit tracks. Shares closed at €18.24 on 6 Nov 2026.
Performance Over six months the shares fell 15.2%, against -12.8% for the median peer and +0.4% for the Netherlands market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue grew 10.2% over the last twelve months (peer median +0.3%); the operating margin is 63.7% (peer median 45.6%).
Valuation It trades at 0.79× book value against a peer median of 0.80× (10th cheapest of 21).
Price implies The share price implies a return on equity of about 6.0%; Wereldhave delivers 6.3%, so the price asks less than the business earns today.
Next results Next results expected around 11 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €223M | €215M | €192M | €184M | €159M |
| Revenue growth | — | +12% | +5% | +15% | — |
| Gross profit | €157M | €153M | €137M | €132M | €109M |
| EBITDA | €144M | €142M | €121M | €105M | €111M |
| Net income | €67.3M | €73.3M | €116M | €79.4M | €57.3M |
| Free cash flow | €97.2M | €105M | €92.3M | €81.4M | €66.6M |
| Capital expenditure | €106,000 | €172,000 | €177,000 | €1.14M | €79,000 |
| Total debt | n/a | €1.14B | €973M | €960M | €873M |
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 | WHA.AS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +9.2% | -0.7% | 3rd highest of 21 |
| 6-month return | -15.2% | -12.8% | 9th lowest of 21 |
| Return on equity | 6.3% | 6.0% | 10th highest of 20 |
| Price / book | 0.79× | 0.80× | 10th cheapest of 21 |
| Trailing P/E | 12.5× | 13.7× | 8th cheapest of 17 |
| ROE the price implies | 6.0% | 5.2% | 8th most demanding of 21 |
| ROE delivered | 6.3% | 6.2% | 10th highest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Wereldhave WHA.AS | Netherlands | $956M | -15% | +10% | 6% | 0.79× | 6.0% | 6.3% |
| Ntt Dc REIT NTDU.SI | Singapore | $955M | -9% | -8% | n/a | 0.80× | 3.1% | n/a |
| Orchid Island Capital ORC | United States | $953M | -30% | +83% | -1% | 0.82× | 11.3% | -0.6% |
| Mitsubishi Estate Logistics REIT Investment 3481.T | Japan | $952M | -17% | -4% | 5% | 0.96× | 4.4% | 5.2% |
| Centerspace CSR | United States | $963M | -15% | +15% | 12% | 1.21× | 10.3% | 11.7% |
| Digico Infrastructure REIT DGT.AX | Australia | $941M | -10% | +90% | -4% | 0.59× | 9.6% | -4.2% |
| Ho Bee Land H13.SI | Singapore | $978M | -13% | +5% | 3% | 0.33× | 2.6% | 2.7% |
| Fukuoka Reit 8968.T | Japan | $929M | -7% | -3% | 7% | 1.28× | 5.4% | 7.0% |
| Empire State Realty Trust ESRT | United States | $919M | -7% | +2% | 5% | 0.85× | 10.7% | n/a |
| Cpi Fim OPG.WA | Poland | $1.00B | -16% | -35% | 11% | 0.58× | 5.9% | 11.1% |
| Workspace WKP.L | United Kingdom | $913M | +8% | -2% | -8% | 0.51× | 8.1% | -8.5% |
| Aims Apac REIT O5RU.SI | Singapore | $904M | -10% | +6% | 11% | 1.09× | 4.9% | 11.1% |
| Star Asia Investment 3468.T | Japan | $895M | -7% | +17% | 6% | 0.98× | 4.6% | 6.4% |
| CapitaLand India Trust CY6U.SI | Singapore | $1.03B | -15% | -2% | 16% | 0.71× | 5.0% | 15.7% |
| Stoneweg Europe Stapled Trust SEB.SI | Singapore | $889M | -12% | -2% | 5% | 0.68× | 4.5% | 5.1% |
| Starhill Global Real Estate Investment Trust P40U.SI | Singapore | $884M | -13% | 0% | 3% | 0.68× | 4.0% | 2.7% |
| Japan Excellent 8987.T | Japan | $1.04B | -13% | -18% | 6% | 1.09× | 4.6% | 6.0% |
| SK REIT 395400.KS | South Korea | $1.04B | -30% | +15% | 6% | 0.73× | 4.8% | 5.7% |
| Storage King SKG.AX | Australia | $1.05B | -17% | 0% | 7% | 0.64× | 7.8% | 6.5% |
| Waypoint REIT WPR.AX | Australia | $1.05B | -2% | -1% | 7% | 0.80× | 8.8% | 6.8% |
| Heiwa Real Estate REIT 8966.T | Japan | $1.06B | -15% | +24% | 8% | 1.15× | 5.5% | 8.4% |