In addition to the many coverage of interesting technology stocks, earlier this year we gave extensive coverage to the Dutch real estate company Wereldhave. The January 9, 2025 article titled "Wereldhave: battered but ready for battle" has been in the top most-read articles all year.
On November 4, 2025, Wereldhave came out with an update. Moreover, the share price has now realized an annual gain of 33%, reaching the €18.50 level we mentioned at the time. Let’s take a closer look at Wereldhave and update our current analysis.
You can read back the widely read article of January 9, 2025 "Wereldhave: battered but ready for battle" HERE. This way you get perfectly informed about the background of this update.
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What have been the developments at Wereldhave in 2025?
The most important news is that on Nov. 4, 2025 raised its full-year outlook: the direct result per share (DRPS) for 2025 was revised to €1.80 - 1.85 (was €1.75 - 1.85). This included reporting like-for-like net rental income growth of 4.3% in core countries, driven by positive rental spreads and growth in "other rental income."
It also announced a strategic partnership with Ocean Outdoor in the Netherlands for a multimedia network with more than 150 digital screens, contributing to that additional income starting in 2026.
Wereldhave has been transforming its shopping centers in the Benelux and France into Full Service Centers for some time. These are locations that offer space for hospitality and leisure activities in addition to stores, thus responding to changing consumer demands. The change in strategy over the past year is paying off. The occupancy rate has increased and investor confidence has returned.
Wereldhave also sold €108 million worth of non-core property and completed an acquisition in Luxembourg. The former Blokker stores have all been relet.
Wereldhave paid a dividend of €1.25 per share in May. This brings the dividend yield to 6.7%.
What do analysts think about Wereldhave?
Analysts see Wereldhave as a reasonably solid investment with recovering results and improved guidance, but they also show caution: the valuation does not give much room for large short-term share price increases and the longer-term growth is not spectacular.
The consensus rating is generally "Hold" . This means that analysts expect performance to remain fairly stable, not necessarily explosive upside, but not a big downside shock either. Price targets average around €18.79 for the stock in the near term.
What is our analysis of Wereldhave?
Below is the price chart from 2010 with the most likely scenario plotted.
In the January 9 article, we indicated that you could consider buying at the then €14 level. Buy at a close above €18.50. Price target €30.
Ten months later, this scenario still stands. Wereldhave has implemented a successful change of strategy which has clearly improved its results and has indeed put the bad years behind it. Moreover, we do not expect significant interest rate increases in the EU.
Conclusion
It is a healthy grower with a nice dividend. This makes it a nice addition to your portfolio. Currently the price is above €18.50 and you can consider expanding the position. The next price target is €22. There, our algorithm expects a larger correction and you can consider selling the stock. Note that for the 5-year time frame, our algorithm still gives a price target of €30. That is about 50% price gain plus 5 years of dividend!
Disclaimer: Investing involves risks. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips provided on this website are based on our analysts' own insights and experiences. They are therefore for educational purposes only.