Annual Report 2023
- Space for growth
Highlights
of 2023
Montea ended 2023 with excellent results, including EPRA earnings of €4.90 per share and an occupancy rate of 100%. The demand for modern, tailor-made and sustainable real estate solutions grows each day, and we are eager to continue answering it together with our clients, partners, and colleagues.
Occupancy rate: 2023 - 100%
2022 - 99.4%
- 100%
Fair value of our property portfolio: 2023 - € 2.3 billion
2022 - € 2.2 billion
- € 2.3 billion
EPRA NTA per share: 2023 - €74.38
2022 - €71.72
- €74.38
EPRA LTV: 2023 - 33.5%
2022 - 39.7%
- 33.5%
Number of employees: 2023 - 58
2022 - 41
- 58 employees
- Recognition of our sustainability strategy
Since September 2023, Montea has been listed on Euronext's BEL® ESG Index as one of the 20 publicly traded Belgian companies with the lowest environmental, social, and governance (ESG) risk scores.
By the end of 2025, we will put as much as 1 million m² of our land bank to work. In this timeframe, we will develop a substantial number of projects through our land reserve, representing a 30% rate of growth in our total rental income.
“The figures speak for themselves. Montea is performing extremely well, and we’re looking toward the future with confidence.”
Message from the CEO
Land scarcity, increased interest rates, grid congestion, increasing nitrogen restrictions, and slow government action have created immense scarcity in the logistics property market. Demand for sustainable real estate solutions, however, remains strong, so we continue to invest in new development on our land positions.
Building the future of logistics
Montea is a sustainable leader with a forward-looking approach. By rehabilitating and redeveloping grey and brownfields, we create long-term value. We always choose polyvalent buildings at prime locations with multimodal accessibility, as they are crucial for our clients’ success. These solid, long-term relationships make our portfolio truly futureproof.
- The five pillars of our strategy
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- The five pillars of our strategy
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- The five pillars of our strategy
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- The five pillars of our strategy
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- The five pillars of our strategy
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- The five pillars of our strategy
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- The five pillars of our strategy
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- The five pillars of our strategy
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- The five pillars of our strategy
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- The five pillars of our strategy
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- The five pillars of our strategy
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“An industrial site used to be an island where companies did as they pleased. Now the onset of climate change and land scarcity forces us to face the facts: We all must think about our role in society. At Montea, we are committed to the world of tomorrow and the day after.”
Chief Strategy & Innovation Montea