(WEHB) Wereldhav B-Sicafi - Ratings and Ratios

Wereldhave Belgium (WEHB) is a publicly traded, regulated real estate company specializing in commercial properties, with a strategic focus on retail assets in Belgium. As of December 31, 2020, the companys real estate portfolio, including ongoing developments, was valued at €921.2 million. The operational retail portfolio, which accounts for approximately 90% of the total portfolio, was valued at €817.8 million and includes prominent shopping centers in key locations such as Liège, Nivelles, Tournai, Genk, and Kortrijk. Additionally, the portfolio encompasses retail parks in Brugge, Ghent, Turnhout, Waterloo, and Tournai, as well as office properties in Vilvoorde and Antwerp. The development pipeline, valued at €12.6 million, includes land holdings and projects focused on the refurbishment and expansion of shopping centers in Waterloo and Liège.

Wereldhave Belgiums investment strategy emphasizes long-term value creation through a combination of income generation and capital appreciation. The companys retail-focused approach is supported by its expertise in actively managing and enhancing its properties to meet evolving consumer demands. Its portfolio is concentrated in high-traffic locations, which positions the company to benefit from Belgiums stable retail market. However, the company is also adapting to broader industry trends, such as the shift toward omnichannel retailing and sustainability initiatives.

3-Month Forecast: Based on , WEHBs stock price is currently trading above its SMA20 (€50.14) and SMA50 (€47.92) but below its SMA200 (€47.42), indicating a neutral trend with potential upside. The low ATR (€0.77) suggests limited volatility in the near term. From a perspective, the companys low P/B ratio (0.63) and attractive P/E ratio (6.40) signal undervaluation relative to its book value and earnings. However, the high P/S ratio (6.78) reflects a premium for its retail-focused strategy. Over the next three months, WEHB is likely to trade within a range of €49.50 to €55.00, driven by its stable cash flows and the broader performance of the Belgian retail property market. Investors should monitor interest rate changes, as rising rates could impact REIT valuations, while the companys retail exposure may face headwinds from e-commerce competition.