Cash flow Home Invest Belgium NV

Stocks

HOMI

BE0974409410

Residential REITs

Market Closed - Euronext Bruxelles Other stock markets 09:05:23 11/06/2026 pm IST			5-day change	1st Jan Change
19.92 ^EUR	+4.40%		+7.56%	+8.38%

20/05	Home Invest Belgium Q1 EPRA earnings EUR4.32 mln	RE
20/05	Home Invest Belgium S.A. Reports Earnings Results for the First Quarter Ended March 31, 2026	CI

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Published financial data: HOME INVEST BELGIUM NV

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Rental Revenues	2.75Cr	3.15Cr	3.48Cr	3.65Cr	3.88Cr
Tenant Reimbursements	16.2L	10.89L	11.72L	13.72L	12.67L
Other Revenues, Total	22.45L	40.49L	7L	15.78L	18.36L
Total Revenues	3.14Cr	3.66Cr	3.66Cr	3.95Cr	4.19Cr
Property Expenses	71.41L	72.93L	75.58L	72.22L	72L
Selling General & Admin Expenses, Total	25.9L	30.17L	34.1L	30.7L	36.09L
Other Operating Expenses	-7L	9L	-6L	2L	10.49L
Total Operating Expenses	89.91L	1.12Cr	1.03Cr	1.05Cr	1.19Cr
Operating Income (REIT / Utility Template)	2.24Cr	2.54Cr	2.63Cr	2.9Cr	3.01Cr
Interest Expense, Total	-45.42L	-51.1L	-51.21L	-58.51L	-64.2L
Interest and Investment Income	51T	70T	95T	66T	95T
Net Interest Expenses	-44.91L	-50.4L	-50.26L	-57.85L	-63.25L
Other Non Operating Income (Expenses)	-91T	-93T	-96T	-71T	-76T
EBT, Excl. Unusual Items	1.78Cr	2.03Cr	2.12Cr	2.31Cr	2.37Cr
Gain (Loss) on Sale of Investments	42.58L	3.23Cr	-1.13Cr	-63.44L	-13.08L
Gain (Loss) on Sale of Assets	4L	-15T	28T	18.92L	45.15L
Asset Writedown	2.65Cr	48.94L	-2.38Cr	6.28Cr	3.33Cr
Insurance Settlements	-	-	-	-	-
Other Unusual Items	25T	-21T	-2T	75T	5T
EBT, Incl. Unusual Items	4.91Cr	5.75Cr	-1.39Cr	8.15Cr	6.02Cr
Income Tax Expense	2L	3L	3L	6L	4L
Earnings From Continuing Operations	4.89Cr	5.72Cr	-1.43Cr	8.1Cr	5.98Cr
Net Income to Company	4.89Cr	5.72Cr	-1.43Cr	8.1Cr	5.98Cr
Net Income - (IS)	4.89Cr	5.72Cr	-1.43Cr	8.1Cr	5.98Cr
Net Income to Common Incl Extra Items	4.89Cr	5.72Cr	-1.43Cr	8.1Cr	5.98Cr
Net Income to Common Excl. Extra Items	4.89Cr	5.72Cr	-1.43Cr	8.1Cr	5.98Cr
Per Share Items
Net EPS - Basic	2.97	3.35	-0.76	4.07	3
Basic EPS - Continuing Operations	2.97	3.35	-0.76	4.07	3
Basic Weighted Average Shares Outstanding	1.64Cr	1.71Cr	1.87Cr	1.99Cr	1.99Cr
Net EPS - Diluted	2.97	3.35	-0.76	4.07	3
Diluted EPS - Continuing Operations	2.97	3.35	-0.76	4.07	3
Diluted Weighted Average Shares Outstanding	1.64Cr	1.71Cr	1.87Cr	1.99Cr	1.99Cr
Normalized Basic EPS	0.68	0.74	0.71	0.73	0.74
Normalized Diluted EPS	0.68	0.74	0.71	0.73	0.74
Dividend Per Share	0.99	1	1.01	1.02	1.03
Payout Ratio	33.31	30.48	-18.72	14.18	33.96
Supplemental Items
EBITDA	2.25Cr	2.57Cr	2.64Cr	2.9Cr	3.01Cr
EBITA	2.24Cr	2.54Cr	2.63Cr	2.9Cr	3.01Cr
EBIT	2.24Cr	2.54Cr	2.63Cr	2.9Cr	3.01Cr
Effective Tax Rate - (Ratio)	0.45	0.45	-2.4	0.68	0.69
Normalized Net Income	1.11Cr	1.27Cr	1.32Cr	1.44Cr	1.48Cr
Interest on Long-Term Debt	-	-	-	-	-
Supplemental Operating Expense Items
Advertising Expense	45T	66T	24T	41T	57T
Selling and Marketing Expenses	45T	66T	24T	41T	57T
General and Administrative Expenses	25.45L	29.51L	33.86L	30.29L	35.52L
Maintenance & Repair Expenses, Total	7L	8L	9L	8L	8L

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Gross Property Plant And Equipment	70Cr	75Cr	76Cr	85Cr	89Cr
Accumulated Depreciation	-10L	-11.94L	-13.07L	-10.2L	-10.47L
Net Property Plant And Equipment	70Cr	75Cr	76Cr	85Cr	89Cr
Total Real Estate Assets	70Cr	75Cr	76Cr	85Cr	89Cr
Cash And Equivalents	41.86L	42.84L	26.09L	12.52L	26.35L
Accounts Receivable, Total	29.26L	19.85L	20.06L	15.13L	18.59L
Other Receivables	2L	27T	1T	1T	1T
Investment In Debt and Equity Securities	18.25L	3.14Cr	2.01Cr	1.45Cr	1.25Cr
Other Intangibles, Total	5L	6L	6L	6L	4L
Other Current Assets, Total	13.41L	17.29L	14.44L	14.09L	31.26L
Other Long-Term Assets, Total	2.34Cr	2.62Cr	2.55Cr	2.88Cr	8.12Cr
Total Assets	74Cr	81Cr	81Cr	90Cr	99Cr
Liabilities
Current Portion of Long-Term Debt	60T	-	-	-	-
Current Portion of Leases	1L	64T	-	-	-
Short-Term Borrowings	4Cr	3.4Cr	5.1Cr	70L	85L
Long-Term Debt	34Cr	36Cr	33Cr	40Cr	45Cr
Long-Term Leases	56T	-	-	-	-
Accounts Payable, Total	12.61L	29.87L	42.58L	21.39L	25.97L
Accrued Expenses, Total	13.24L	20.69L	22.88L	17.58L	17.52L
Current Income Taxes Payable	13.41L	10.76L	10.15L	9L	10.53L
Unearned Revenue, Current	12.57L	11.85L	9L	10L	12.23L
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	15.62L	17.64L	17.47L	17.46L	17.91L
Deferred Tax Liability Non-Current	28.35L	25.86L	22.23L	26.86L	39.91L
Other Non Current Liabilities	-	-2T	-	7L	0
Total Liabilities	39Cr	40Cr	39Cr	42Cr	47Cr
Common Stock, Total	8.89Cr	9.55Cr	10Cr	10Cr	10Cr
Additional Paid In Capital	2.49Cr	4.73Cr	6.46Cr	7.04Cr	7.05Cr
Retained Earnings	5.27Cr	6Cr	40.87L	10Cr	9.6Cr
Treasury Stock	-9L	-25.49L	-21.08L	-27.67L	-58.79L
Comprehensive Income and Other	18Cr	21Cr	25Cr	21Cr	26Cr
Total Common Equity	34Cr	41Cr	42Cr	48Cr	52Cr
Total Equity	34Cr	41Cr	42Cr	48Cr	52Cr
Total Liabilities And Equity	74Cr	81Cr	81Cr	90Cr	99Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.64Cr	1.78Cr	1.96Cr	2.01Cr	1.99Cr
ECS Total Common Shares Outstanding	1.64Cr	1.78Cr	1.96Cr	2.01Cr	1.99Cr
Book Value / Share	20.87	23.06	21.3	24.14	26.08
Tangible Book Value	34Cr	41Cr	42Cr	48Cr	52Cr
Tangible Book Value Per Share	20.84	23.02	21.27	24.11	26.06
Total Debt	38Cr	39Cr	38Cr	41Cr	46Cr
Net Debt	38Cr	39Cr	38Cr	40Cr	45Cr
Equity Method Investments, Total	2.32Cr	2.6Cr	2.55Cr	2.88Cr	2.94Cr
Account Code - Inventory Valuation	3	3	3	3	3
Full Time Employees	44	37	40	36	42

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	4.89Cr	5.72Cr	-1.43Cr	8.1Cr	5.98Cr
Depreciation, Depletion & Amortization	1L	2L	1L	24T	28T
Total Depreciation, Depletion & Amortization	1L	2L	1L	24T	28T
Amortization of Deferred Charges, Total	2L	1L	3L	3L	2L
(Gain) Loss On Sale of Asset - (CF)	-4L	15T	-28T	-18.92L	-45.15L
(Gain) Loss on Sale of Investments - (CF)	27.74L	2.95Cr	-1.07Cr	-1.11Cr	-19.09L
Total Asset Writedown	-2.65Cr	-48.94L	2.38Cr	-6.28Cr	-3.33Cr
(Income) Loss On Equity Investments - (CF)	22.45L	40.49L	7L	15.78L	18.36L
Change in Accounts Receivable	-5L	9L	2L	4L	-5L
Change in Accounts Payable	-19.61L	16.88L	9L	-22.48L	8L
Change In Income Taxes	-6L	-3T	9L	2L	-13T
Change In Deferred Taxes	7L	12L	-	-	-
Change in Other Net Operating Assets (Collected)	3L	-7L	-26.78L	-28.86L	-12.61L
Other Operating Activities	-65.32L	-6.45Cr	2.65Cr	1.92Cr	71.86L
Cash from Operations	1.85Cr	2.49Cr	2.56Cr	2.17Cr	2.83Cr
Acquisition of Real Estate Assets, Total	-6.13Cr	-3.93Cr	-3.34Cr	-4.45Cr	-3.15Cr
Sale of Real Estate Assets, Total	98.84L	5L	2L	1.17Cr	3.65Cr
Net Sale / Acquisition of Real Estate Assets	-5.14Cr	-3.88Cr	-3.33Cr	-3.28Cr	50.02L
Cash Acquisitions	-	-	-	-	-
Purchase / Sale of Intangible Assets	-3L	-2L	-2L	-2L	-25T
Investment in Marketable and Equity Securities, Total	1L	-	2L	-7L	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	64T	66T	69T	73T	-
Other Investing Activities, Total	-	-	1T	-1T	-
Cash from Investing	-5.15Cr	-3.9Cr	-3.32Cr	-3.36Cr	49.77L
Long-Term Debt Issued, Total	5.5Cr	90L	2L	7.27Cr	5.04Cr
Total Debt Issued	5.5Cr	90L	2L	7.27Cr	5.04Cr
Long-Term Debt Repaid, Total	-5T	-	-1.3Cr	-4.4Cr	-
Total Debt Repaid	-5T	-	-1.3Cr	-4.4Cr	-
Issuance of Common Stock	-	2.96Cr	2.64Cr	-	-
Repurchase of Common Stock	-	-17.17L	-	-7L	-56.22L
Common Dividends Paid	-1.63Cr	-1.74Cr	-26.74L	-1.15Cr	-2.03Cr
Common & Preferred Stock Dividends Paid	-1.63Cr	-1.74Cr	-26.74L	-1.15Cr	-2.03Cr
Other Financing Activities, Total	-48.8L	-51.69L	-50.57L	-59L	-5.63Cr
Cash from Financing	3.38Cr	1.42Cr	58.72L	1.06Cr	-3.19Cr
Miscellaneous Cash Flow Adjustments	-1T	-1T	-	3T	-
Net Change in Cash	9L	98T	-16.75L	-13.57L	13.83L
Supplemental Items
Cash Interest Paid	91.75L	1.03Cr	1.03Cr	1.18Cr	1.29Cr
Cash Income Tax Paid (Refund)	2L	3L	3L	6L	4L
Net Debt Issued / Repaid	5.5Cr	90L	-1.28Cr	2.87Cr	5.04Cr
Levered Free Cash Flow	82.96L	1.59Cr	1.48Cr	1.24Cr	1.38Cr
Unlevered Free Cash Flow	1.11Cr	1.91Cr	1.8Cr	1.6Cr	1.78Cr
Change In Net Working Capital	28.35L	-30.32L	-14.23L	21.62L	11.72L

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	2.01	2.05	2.03	2.12	1.99
Return on Total Capital	2.04	2.08	2.06	2.15	2.01
Return On Equity %	14.96	15.2	-3.45	17.95	11.91
Return on Common Equity	14.96	15.2	-3.45	17.95	11.91
Margin Analysis
Gross Profit Margin %	77.26	80.07	79.36	81.7	82.82
SG&A Margin	8.25	8.24	9.31	7.78	8.61
EBITDA Margin %	71.72	70.09	72.05	73.45	71.77
EBITA Margin %	71.37	69.5	71.74	73.39	71.71
EBIT Margin %	71.37	69.5	71.74	73.39	71.71
Income From Continuing Operations Margin %	155.62	156.37	-39	205.23	142.6
Net Income Margin %	155.62	156.37	-39	205.23	142.6
Net Avail. For Common Margin %	155.62	156.37	-39	205.23	142.6
Normalized Net Income Margin	35.48	34.67	36.1	36.59	35.27
Levered Free Cash Flow Margin	26.42	43.37	40.48	31.43	33.03
Unlevered Free Cash Flow Margin	35.25	52.09	49.02	40.46	42.45
Asset Turnover
Asset Turnover	0.05	0.05	0.05	0.05	0.04
Fixed Assets Turnover	0.05	0.05	0.05	0.05	0.05
Receivables Turnover (Average Receivables)	10.96	13.26	18.02	21.53	23.77
Short Term Liquidity
Current Ratio	0.18	0.19	0.1	0.29	0.45
Quick Ratio	0.16	0.15	0.08	0.19	0.27
Operating Cash Flow to Current Liabilities	0.39	0.58	0.42	1.49	1.67
Days Sales Outstanding (Average Receivables)	33.3	27.53	20.25	17	15.36
Average Days Payable Outstanding	114.24	106.3	174.94	162.12	120.04
Long Term Solvency
Total Debt/Equity	112.11	95.26	90.39	83.74	87.94
Total Debt / Total Capital	52.85	48.79	47.48	45.58	46.79
LT Debt/Equity	100.4	86.95	78.18	82.3	86.3
Long-Term Debt / Total Capital	47.33	44.53	41.06	44.79	45.92
Total Liabilities / Total Assets	53.47	49.52	48.28	46.24	47.46
EBIT / Interest Expense	4.93	4.98	5.13	4.95	4.68
EBITDA / Interest Expense	4.96	5.02	5.15	4.95	4.69
(EBITDA - Capex) / Interest Expense	4.96	5.02	5.15	4.95	4.69
Total Debt / EBITDA	17.07	15.23	14.31	14	15.17
Net Debt / EBITDA	16.89	15.06	14.21	13.96	15.08
Total Debt / (EBITDA - Capex)	17.08	15.23	14.31	14	15.17
Net Debt / (EBITDA - Capex)	16.89	15.06	14.21	13.96	15.08
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	3.62	16.56	0.05	7.74	6.23
Gross Profit, 1 Yr. Growth %	4.75	20.81	-0.84	10.91	7.69
EBITDA, 1 Yr. Growth %	14.15	13.91	2.86	9.84	3.81
EBITA, 1 Yr. Growth %	14.31	13.52	3.28	10.21	3.8
EBIT, 1 Yr. Growth %	14.31	13.52	3.28	10.21	3.8
Earnings From Cont. Operations, 1 Yr. Growth %	158.73	17.12	-124.95	-667	-26.19
Net Income, 1 Yr. Growth %	158.73	17.12	-124.95	-667	-26.19
Diluted EPS Before Extra, 1 Yr. Growth %	158.7	12.57	-122.83	-633.16	-26.22
Normalized Net Income, 1 Yr. Growth %	16.14	13.9	4.17	9.21	2.4
Net Property, Plant and Equip., 1 Yr. Growth %	12.51	6.19	1.26	12.9	3.84
Accounts Receivable, 1 Yr. Growth %	22.22	-32.16	1.06	-24.58	22.87
Total Assets, 1 Yr. Growth %	12.71	10.22	-0.56	11.54	9.59
Common Equity, 1 Yr. Growth %	10.57	19.57	1.88	15.96	7.1
Tangible Book Value, 1 Yr. Growth %	10.51	19.57	1.88	15.98	7.14
Cash From Operations, 1 Yr. Growth %	8.81	34.55	3.1	-15.55	17.77
Capital Expenditures, 1 Yr. Growth %	-95.04	-	-	-	-
Levered Free Cash Flow, 1 Yr. Growth %	-2.42	92.86	-6.44	-16.32	11.63
Unlevered Free Cash Flow, 1 Yr. Growth %	-0.38	72.25	-5.85	-11.06	11.45
Dividend Per Share, 1 Yr. Growth %	0.2	1.01	1	0.99	0.98
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	6.83	9.9	7.99	3.83	6.98
Gross Profit, 2 Yr. CAGR %	9.66	12.5	9.45	4.87	9.29
EBITDA, 2 Yr. CAGR %	15.68	14.03	8.24	6.29	6.78
EBITA, 2 Yr. CAGR %	15.77	13.91	8.28	6.69	6.96
EBIT, 2 Yr. CAGR %	15.77	13.91	8.28	6.69	6.96
Earnings From Cont. Operations, 2 Yr. CAGR %	-6.16	74.07	-45.94	18.95	104.57
Net Income, 2 Yr. CAGR %	-6.16	74.07	-45.94	18.95	104.57
Diluted EPS Before Extra, 2 Yr. CAGR %	-6.16	70.65	-49.31	10.32	98.34
Normalized Net Income, 2 Yr. CAGR %	20.27	15.01	8.92	6.66	5.75
Net Property, Plant and Equip., 2 Yr. CAGR %	7.3	9.31	3.7	6.92	8.28
Accounts Receivable, 2 Yr. CAGR %	66.31	-8.94	-17.2	-12.7	-3.73
Total Assets, 2 Yr. CAGR %	7.38	11.46	4.69	5.32	10.56
Common Equity, 2 Yr. CAGR %	5.25	14.98	10.37	8.69	11.44
Tangible Book Value, 2 Yr. CAGR %	5.23	14.95	10.37	8.7	11.47
Cash From Operations, 2 Yr. CAGR %	11.94	21	17.78	-6.69	5.01
Capital Expenditures, 2 Yr. CAGR %	-69.31	-	-	-	-
Levered Free Cash Flow, 2 Yr. CAGR %	-6.44	36.64	34.2	-11.52	-3.35
Unlevered Free Cash Flow, 2 Yr. CAGR %	-4.54	31	27.35	-8.49	-0.44
Dividend Per Share, 2 Yr. CAGR %	1.13	0.5	1	1	0.99
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	7.84	9.98	6.51	7.91	4.62
Gross Profit, 3 Yr. CAGR %	14.34	13.26	7.86	9.94	5.81
EBITDA, 3 Yr. CAGR %	13.4	15.08	10.18	8.77	5.45
EBITA, 3 Yr. CAGR %	13.48	15.01	10.25	8.92	5.72
EBIT, 3 Yr. CAGR %	13.48	15.01	10.25	8.92	5.72
Earnings From Cont. Operations, 3 Yr. CAGR %	-10.77	1.03	-8.9	18.33	1.46
Net Income, 3 Yr. CAGR %	-10.77	1.03	-8.9	18.33	1.46
Diluted EPS Before Extra, 3 Yr. CAGR %	-10.77	-0.29	-12.73	11.06	-3.53
Normalized Net Income, 3 Yr. CAGR %	18.5	18.11	11.28	9.02	5.22
Net Property, Plant and Equip., 3 Yr. CAGR %	10.21	6.93	6.56	6.68	5.89
Accounts Receivable, 3 Yr. CAGR %	38.61	23.34	-5.72	-19.74	-2.16
Total Assets, 3 Yr. CAGR %	10.17	8.32	7.3	6.93	6.72
Common Equity, 3 Yr. CAGR %	8.43	9.82	10.44	12.2	8.16
Tangible Book Value, 3 Yr. CAGR %	8.44	9.81	10.42	12.21	8.18
Cash From Operations, 3 Yr. CAGR %	21.16	19.02	14.71	5.42	4.37
Capital Expenditures, 3 Yr. CAGR %	-53.64	-	-	-	-
Levered Free Cash Flow, 3 Yr. CAGR %	18.3	18.75	20.36	14.65	-4.39
Unlevered Free Cash Flow, 3 Yr. CAGR %	11.75	16.21	17.34	12.99	-2.28
Dividend Per Share, 3 Yr. CAGR %	1.45	1.02	0.67	1	0.99
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	9.74	9.34	7.9	7.48	6.7
Gross Profit, 5 Yr. CAGR %	14.36	14.22	12.36	9.83	8.43
EBITDA, 5 Yr. CAGR %	14.38	14.46	11.31	11.48	8.8
EBITA, 5 Yr. CAGR %	14.41	14.44	11.37	11.61	8.92
EBIT, 5 Yr. CAGR %	14.41	14.44	11.37	11.61	8.92
Earnings From Cont. Operations, 5 Yr. CAGR %	22.24	37.08	-26.98	7.85	25.91
Net Income, 5 Yr. CAGR %	22.24	37.08	-26.98	7.85	25.91
Diluted EPS Before Extra, 5 Yr. CAGR %	21.17	35.18	-28.83	3.82	21.2
Normalized Net Income, 5 Yr. CAGR %	16.25	16.57	14.57	13.39	9.03
Net Property, Plant and Equip., 5 Yr. CAGR %	11.43	10.24	7.56	6.93	7.24
Accounts Receivable, 5 Yr. CAGR %	-2.45	-10.61	12.79	7.42	-4.93
Total Assets, 5 Yr. CAGR %	11.94	11.55	7.95	7.11	8.59
Common Equity, 5 Yr. CAGR %	10.82	13.73	9.2	9.37	10.84
Tangible Book Value, 5 Yr. CAGR %	10.82	13.74	9.21	9.37	10.84
Cash From Operations, 5 Yr. CAGR %	-0.31	27.82	19.8	7.98	10.73
Capital Expenditures, 5 Yr. CAGR %	-22.68	-	-	-	-
Levered Free Cash Flow, 5 Yr. CAGR %	-13.28	24.73	24.22	5.53	10.24
Unlevered Free Cash Flow, 5 Yr. CAGR %	-10.07	20.6	17.75	5.62	9.88
Dividend Per Share, 5 Yr. CAGR %	3.14	2.13	1.23	1.01	0.8