Minor negative revisions following Q1 report Earnings growth of ~40% in '25e Trading ~20% below sector average on P/CEPS We trim our CEPS forecasts by 3% for '26e-'27e Eastnine delivered a Q1 report with adj. recurring PTP -9% vs. ABGSCe (rental income...

NOI +75% y-o-y and -0.7% vs ABGSCe Value uplift 2.1% q-o-q, net LTV at 48.1% EC IFPM +2.3% q-o-q, solid operational figures Recurring PTP -7% vs ABGSCe Eastnine delivered a Q1 report with rental income of EUR 15.6m (-0.3% vs ABGSCe) and NOI of EUR 14...

Minor positive revisions following solid Q4 Growing CEPS >40% in 2025e '25e P/CEPS ~13x (25% below sector average) We increase our CEPS estimates by ~1% for '25-'26 Eastnine delivered a Q4 report with earnings in line with ABGSCe. The earnings capacity...

NOI +41% y-o-y and +1% vs ABGSCe Value uplift -0.3% q-o-q, net LTV at 52.6% EC IFPM +32% q-o-q, stable operational figures Recurring PTP +0.3% vs ABGSCe Eastnine delivered a Q4 report with rental income of EUR 12.4m (+1% vs ABGSCe) and NOI of EUR 11....

Warsaw Unit adds ~40% to top-line... ...and >15% to CEPS in 2025/2026e Impressive execution, share now at 12.5x 2025e CEPS Warsaw enters with a bang As noted in our Fast Comment from this Tuesday, Eastnine has completed the largest office transaction...

The largest office transaction YTD in Europe adds ~40% to topline Share issue at Q3 EPRA NRV a clear positive '25e P/CEPS ~12x post transaction, share to trade up Acquires large property in Warsaw Eastnine has acquired a 59,800 sqm office building, Warsaw...