Wereldhave: DRPS Up by 2%, Occupancy Rate at 97.5% in Q1
On April 17, 2026, Wereldhave released a business update for the first quarter. The company reported a quarterly direct result per share of 0.45 euros, a 2% increase year-over-year, and an occupancy rate of 97.5% for its shopping centers, up by 1.0 percentage point from the first quarter of 2025. Visitor numbers at its Full Service Centers also rose by 2.0%. Additionally, Wereldhave finalized 12 million euros in strategic acquisitions, funded by the issuance of new shares, and refinanced a 250 million euro revolving credit facility under improved terms. Despite ongoing geopolitical tensions, the group reaffirms its 2026 forecast for direct result per share to be between 1.85 and 1.95 euros.
Q1 Performance Highlights
In the first quarter of 2026, Wereldhave reported a direct result per share (DRPS) of 0.45 euros, marking a 2% increase from the same period the previous year. The occupancy rate of its shopping centers reached 97.5%, up by 1.0 percentage point compared to the first quarter of 2025. The company also noted a 2.0% year-over-year increase in visitor numbers at its Full Service Centers.
Strategic Acquisitions and Financial Refinancing
During the quarter, Wereldhave completed 12 million euros worth of strategic acquisitions. According to the press release, these transactions were financed through the issuance of new shares, contributing to a 0.2 percentage point improvement in the loan-to-value ratio. Concurrently, the group announced the successful refinancing of its 250 million euro revolving credit facility (RCF). This facility has an initial maturity of five years, with extension options up to seven years, and was secured under terms considered improved by the company.
2026 Financial Outlook
In its business update, Wereldhave remains confident in its 2026 forecast for a direct result per share ranging between 1.85 and 1.95 euros, despite ongoing geopolitical tensions. The group has not altered its guidance at this stage.
