VGP N.V. (VGPBF)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
VGP N.V. (VGPBF) trades at $100.80. VGP N. V. is a European developer, owner, and manager of prime logistics and semi-industrial real estate, operating across 12 countries. Market cap: $3.06B, Sector: Real estate.
Price live · AI analysis from Jun 14, 2026Analyst Coverage for VGPBF: VGPBF does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates VGPBF against Real Estate peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
VGPBF: 1/1 perspectives are bearish.
How is this calculated? →VGP N.V. (VGPBF) Real Estate Portfolio & Strategy
VGP N.V. is a European real estate developer and manager specializing in prime logistics and semi-industrial properties across 12 countries. The company offers an integrated business model encompassing property creation, ownership, and comprehensive management services, supporting diverse logistics sector needs from storage to final processing.
What Is the Investment Thesis for VGPBF?
VGP N.V. presents a distinct profile as a European developer, manager, and owner of logistics and semi-industrial real estate, underpinned by a fully integrated business model. With a market capitalization of $3.06B and a P/E ratio of 8.2, the company demonstrates a potentially attractive valuation relative to its earnings. Its robust profitability is highlighted by an impressive profit margin of 166.0% and a gross margin of 80.5%, reflecting efficient operations and strong asset performance within the real estate sector. The company's established presence across 12 European countries positions it to capitalize on the ongoing demand for modern logistics infrastructure. A dividend yield of 4.16% offers income potential for investors. Key growth catalysts include the continuous expansion of its project pipeline and its ability to secure financing in evolving market conditions, which are crucial for further development and portfolio growth. However, investors should be aware of the potential volatility associated with its OTC Other tier listing, which may impact liquidity and disclosure.
Based on FMP financials and quantitative analysis
VGPBF Key Highlights
- Market Capitalization of $3.06B, reflecting its substantial presence in the European real estate market.
- P/E ratio of 8.2, indicating a potentially favorable valuation relative to its earnings compared to broader market averages.
- Exceptional Profit Margin of 166.0%, underscoring strong profitability and effective cost management within its integrated business model.
- Gross Margin of 80.5%, demonstrating high efficiency in its core real estate development and management operations.
- Dividend Yield of 4.16%, providing an attractive income stream for shareholders, consistent with its REIT-Industrial classification.
Who Are VGPBF's Competitors?
VGPBF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| TRNO Terreno Realty Corporation | $68.05 | +1.07% | $7.23B | 60 |
| PSA Public Storage | $323.01 | -2.01% | $56.71B | 60 |
| FBBPF FIBRA Prologis | $4.48 | +1.93% | $7.47B | 59 |
| CGIUF ESR-Logos REIT | $1.63 | -1.81% | $1.31B | 59 |
| SCCB Sachem Capital Corp. 7.125% Not | $24.98 | -0.02% | $116.72M | 38 |
| COLD Americold Realty Trust, Inc. | $16.09 | -0.95% | $4.59B | 39 |
| LVVP Lightstone Value Plus Real Estate Investment Trust V, Inc. | $7.50 | +0.00% | $120.83M | 40 |
| SACC Sachem Capital Corp. 6.875% Not | $24.98 | +0.00% | 100M | 41 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are VGPBF's Key Strengths?
- Established presence and integrated business model across 12 European countries.
- Strong profitability metrics with a 166.0% profit margin and 80.5% gross margin.
- Comprehensive service offering from development to facility management.
- Focus on prime logistics and semi-industrial real estate, a high-demand sector.
What Are VGPBF's Weaknesses?
- Potential volatility associated with operating on the OTC Other tier.
- Reliance on the broader economic health of European economies for demand.
- Disclosure status on OTC is 'Unknown', potentially limiting investor information.
- Exposure to interest rate fluctuations impacting financing costs and property valuations.
What Could Drive VGPBF Stock Higher?
- Strong demand for logistics real estate driven by continued e-commerce growth across Europe is expected to bolster VGP's rental income and property valuations.
- Successful execution and leasing of new developments within its project pipeline, particularly in high-growth European markets, will drive asset growth and revenue expansion.
- Strategic acquisitions of land plots in prime European locations will enable future development projects and expand the company's long-term growth potential.
- Favorable interest rate environment or access to competitive financing will support new project funding and potentially reduce borrowing costs, enhancing profitability.
What Are the Key Risks for VGPBF?
- Financial-distress signal — its Altman Z-Score of 1.65 sits in the distress zone (elevated bankruptcy risk).
- Economic downturns or recessions in key European markets could reduce demand for logistics space, leading to higher vacancy rates and pressure on rental income.
- Increased competition from other real estate developers and REITs in the European logistics sector could lead to oversupply or pressure on rental yields.
- The 'Unknown' disclosure status and lower liquidity associated with trading on the OTC Other tier may deter institutional investors and contribute to price volatility.
- Fluctuations in construction costs, land prices, and regulatory changes could impact the profitability and timelines of VGP's development projects.
- Rising interest rates could increase borrowing costs for VGP, impacting its ability to finance new projects and potentially reducing property valuations.
What Are the Growth Opportunities for VGPBF?
- **Expansion into Emerging European Markets:** VGP N.V. currently operates in 12 European countries, including Eastern European nations like the Czech Republic, Slovakia, Hungary, Romania, and Serbia. There is significant potential for further expansion within these regions and into other developing European economies where industrialization and e-commerce penetration are accelerating. These markets often present lower land acquisition costs and strong demand for modern logistics infrastructure, driven by rising consumer spending and improving supply chain networks. This strategy allows VGP to capture first-mover advantages and establish a dominant presence, potentially leading to substantial portfolio growth over the next 5-10 years as these economies mature and integrate further into the broader European supply chain.
- **Capitalizing on E-commerce Growth:** The persistent growth of e-commerce across Europe continues to fuel demand for efficient logistics and last-mile delivery facilities. VGP N.V.'s focus on prime logistics real estate directly benefits from this trend, as online retailers and third-party logistics providers require modern, well-located warehouses and distribution centers. By developing state-of-the-art facilities equipped with advanced automation and sustainability features, VGP can attract high-quality tenants and command premium rents. This opportunity is ongoing, with e-commerce penetration rates still rising in many European countries, suggesting sustained demand for specialized logistics properties for the foreseeable future, likely over the next decade.
- **Development of Sustainable and Green Logistics Parks:** There is an increasing regulatory and tenant-driven demand for environmentally friendly and energy-efficient logistics properties. VGP N.V. can capitalize on this by integrating sustainable design, renewable energy sources, and green building certifications into its new developments and existing portfolio upgrades. Offering 'green' logistics parks not only aligns with corporate social responsibility but also attracts tenants seeking to reduce their operational costs and carbon footprint. This trend represents a significant market opportunity, with an estimated market size for green buildings growing consistently, and will be a key differentiator and value driver for VGP over the next 5-15 years.
- **Strategic Joint Ventures and Partnerships:** VGP N.V. can accelerate its growth and mitigate development risks by forming strategic joint ventures with institutional investors or local developers. These partnerships can provide access to additional capital, local market expertise, and a broader network, enabling the company to undertake larger projects or enter new, complex markets more efficiently. Such collaborations can also facilitate the recycling of capital from mature assets, allowing VGP to reinvest in new, high-growth opportunities. This strategy offers a flexible and scalable approach to expansion, with potential for new partnerships emerging continuously over the next 3-7 years, depending on market conditions and capital availability.
- **Diversification into Specialized Industrial Real Estate:** While VGP N.V. focuses on logistics and semi-industrial real estate, there is an opportunity to further specialize or diversify within the broader industrial sector. This could include developing properties tailored for specific high-growth industries such as advanced manufacturing, urban logistics hubs for rapid delivery, or data centers, which require specialized infrastructure and locations. By targeting niche segments with high barriers to entry and strong demand drivers, VGP can enhance its portfolio resilience and potentially achieve higher yields. This strategic diversification could unfold over the next 5-10 years, requiring careful market analysis and specialized development capabilities.
What Opportunities Does VGPBF Have?
- Continued growth in European e-commerce driving demand for logistics space.
- Expansion into new or underserved European markets for logistics infrastructure.
- Development of sustainable and technologically advanced logistics parks.
- Strategic partnerships and joint ventures to expand project pipeline and capital base.
What Threats Does VGPBF Face?
- Intensified competition from other large real estate developers and REITs.
- Economic downturns or geopolitical instability in Europe affecting tenant demand and rental income.
- Rising construction costs and land prices impacting development profitability.
- Changes in regulatory environment or zoning laws in operating countries.
What Are VGPBF's Competitive Advantages?
- **Integrated Business Model:** VGP's full-service approach, from development to management, allows for greater control over quality, costs, and tenant relationships, creating efficiencies that competitors may struggle to match.
- **Extensive European Footprint:** Operating in 12 diverse European countries provides a broad market reach and diversification, reducing reliance on any single national economy and offering scale advantages.
- **Prime Locations and Quality Assets:** Focus on developing and owning high-quality, strategically located logistics and semi-industrial properties attracts premium tenants and ensures long-term asset value.
- **Established Track Record:** Over two decades of experience in the European real estate market has built a strong reputation and deep understanding of local market dynamics and regulatory environments.
What Does VGPBF Do?
VGP N.V., established in 1998 and headquartered in Antwerp, Belgium, is a prominent European player in the logistics and semi-industrial real estate sector. The company's core business revolves around the creation, ownership, and ongoing management of high-quality logistics and semi-industrial properties, which often include essential office spaces. These properties are strategically developed and leased to businesses operating within the logistics sector, accommodating a wide array of activities such as goods storage, assembly, reconditioning, and final processing. VGP operates a fully integrated business model, demonstrating expertise across the entire property lifecycle, from initial development to long-term asset management. Beyond its fundamental real estate functions, VGP delivers a comprehensive suite of related services designed to support its clients and enhance property value. These services include robust property management, in-depth asset management that covers corporate administration, financial planning, budgeting, tax and legal compliance, and detailed reporting. The company also provides expert project management and leasing services, ensuring efficient development and occupancy. Furthermore, VGP offers facility management, which encompasses critical maintenance, effective waste handling, and meticulous groundskeeping, ensuring the properties remain in optimal condition. With a significant geographic footprint, VGP N.V. has established a strong presence across a dozen European countries, including key markets such as Germany, Spain, France, Italy, the Netherlands, Austria, Portugal, the Czech Republic, Slovakia, Hungary, Romania, Serbia, and Latvia, solidifying its position as a diversified European real estate partner.
What Products and Services Does VGPBF Offer?
- Develop and construct prime logistics and semi-industrial real estate properties.
- Own and manage a portfolio of these properties across Europe.
- Lease properties to businesses primarily in the logistics sector.
- Provide comprehensive property management services for their portfolio.
- Offer in-depth asset management, including financial, legal, and administrative oversight.
- Deliver project management and leasing services for new and existing developments.
- Perform facility management, covering maintenance, waste handling, and groundskeeping.
- Operate in 12 European countries, including Germany, Spain, France, and Eastern European nations.
How Does VGPBF Make Money?
- Generate rental income from leasing logistics and semi-industrial properties to tenants.
- Realize capital gains from the development and potential sale of properties within its portfolio.
- Provide a full suite of property, asset, project, and facility management services for a fee.
- Leverage an integrated business model to control costs and maximize value across the property lifecycle.
What Industry Does VGPBF Operate In?
VGP N.V. operates within the dynamic European logistics and semi-industrial real estate sector, an industry characterized by robust demand driven by e-commerce growth, supply chain optimization, and nearshoring trends. The company's integrated model, encompassing development, ownership, and management, positions it as a comprehensive solution provider. The competitive landscape includes both large multinational REITs and local developers, all vying for market share in prime locations. VGP differentiates itself through its extensive geographic reach across 12 European countries and its full-service approach, from property creation to facility management. The market continues to see significant investment, with a focus on sustainable and technologically advanced logistics hubs, where VGP's project pipeline and ability to secure financing are critical for maintaining its competitive edge and capitalizing on ongoing market expansion.
Who Are VGPBF's Key Customers?
- Logistics companies requiring storage, distribution, and processing facilities.
- E-commerce businesses needing modern warehouses and fulfillment centers.
- Manufacturing and light industrial companies seeking semi-industrial spaces.
- Third-party logistics (3PL) providers managing supply chains for various clients.
- International and national corporations with extensive European distribution networks.
ROE 11%Key Financial Metrics
Return on equity for VGP N.V. stands at 11.4%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 5.6%, showing how much profit it generates from its asset base. VGPBF trades at a trailing price-to-earnings ratio of 8.18, below the Real Estate sector average of ~20x. Its free cash flow yield is 1.9%, a gauge of the cash the business throws off relative to its market value. A current ratio of 1.77 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is 12.2%, the inverse of the P/E and a quick read on earnings relative to price.
VGP N.V. (VGPBF) Valuation Context
Valued at $3.06B, VGPBF is classified as a mid-cap stock.
Company Profile
VGP N.V. operates in the REIT - Industrial industry within the Real Estate sector. It is headquartered in Antwerp, BE. The company is led by CEO Jan Van Geet. VGPBF has traded publicly since 2020.
F-Score 4/9Financial Health
VGP N.V.'s Piotroski F-Score is 4/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 1.65 places it in the distress zone, a signal of elevated financial risk.
FY2026 estForward Outlook
Wall Street analysts project VGP N.V. revenue of about $86.0M for fiscal 2026, with EPS near $4.62.
VGPBF Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Established presence and integrated business model across 12 European countries.
- Strong profitability metrics with a 166.0% profit margin and 80.5% gross margin.
- Comprehensive service offering from development to facility management.
- Focus on prime logistics and semi-industrial real estate, a high-demand sector.
Bear Case
- Potential volatility associated with operating on the OTC Other tier.
- Reliance on the broader economic health of European economies for demand.
- Disclosure status on OTC is 'Unknown', potentially limiting investor information.
- Exposure to interest rate fluctuations impacting financing costs and property valuations.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · July 2026
VGPBF Latest News
No recent news available for VGPBF.
VGPBF Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for VGPBF.
Price Targets
Wall Street price target analysis for VGPBF.
VGPBF MoonshotScore
What does this score mean?
The MoonshotScore rates VGPBF's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: Jan Van Geet
CEO
Jan Van Geet is the CEO of VGP N.V., a role in which he oversees the company's extensive operations across Europe. His leadership is central to managing VGP's 353 employees and guiding its strategic direction in the logistics and semi-industrial real estate sector. While specific details on his educational background and prior roles are not provided, his long tenure and position at the helm of a company founded in 1998 suggest significant experience and expertise within the real estate development and management industry, particularly in European markets.
Track Record: Under Jan Van Geet's leadership, VGP N.V. has evolved into a significant European real estate player, expanding its footprint to 12 countries. His strategic decisions have focused on an integrated business model, ensuring the company's involvement across the entire property lifecycle. Key achievements include establishing a robust project pipeline and maintaining strong financial performance, as evidenced by the company's high profit and gross margins. His tenure has been marked by consistent growth in its portfolio of prime logistics and semi-industrial properties.
VGPBF OTC Market Information
VGP N.V. trades on the OTC Other tier, which is the lowest of the three primary OTC market tiers (OTCQX, OTCQB, and OTC Pink). Companies on the OTC Other tier are typically not required to meet specific financial standards or disclosure requirements set by OTC Markets Group, unlike those on OTCQX or OTCQB. This tier primarily facilitates trading in securities that may not qualify for higher tiers or choose not to provide extensive public disclosures. It contrasts sharply with major exchanges like NYSE or NASDAQ, which have stringent listing requirements regarding market capitalization, share price, financial health, and corporate governance, offering greater transparency and investor protections.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- **Limited Disclosure:** The 'Unknown' disclosure status means less financial and operational information is readily available, increasing informational asymmetry and making comprehensive analysis difficult.
- **Lower Liquidity:** Trading on the OTC Other tier typically results in lower trading volumes and wider bid-ask spreads, making it harder to execute trades efficiently and potentially impacting share price volatility.
- **Price Volatility:** Reduced transparency and lower liquidity can contribute to greater price volatility, as fewer trades can have a disproportionate impact on the stock price.
- **Lack of Regulatory Oversight:** Companies on the OTC Other tier are subject to less stringent regulatory oversight compared to those on major exchanges, which may expose investors to higher risks.
- **Difficulty in Valuation:** Limited available data and less analyst coverage can make it challenging for investors to accurately value the company and assess its true financial health and prospects.
- Verify the company's most recent financial statements directly from their investor relations website, if available.
- Research any news releases or corporate announcements from reputable financial news sources.
- Examine the company's corporate structure and governance practices, looking for transparency.
- Assess the trading volume and bid-ask spread over a period to understand liquidity characteristics.
- Investigate any legal or regulatory actions against the company or its management.
- Understand the company's business model and competitive landscape thoroughly.
- Evaluate the long-term growth prospects of the European logistics real estate market.
- Established in 1998, indicating a long operational history.
- Operates across 12 European countries, suggesting a substantial and diversified business.
- Manages 353 employees, reflecting a significant operational scale.
- Publicly traded, even on OTC, provides some level of market scrutiny.
- Clear business description as a developer, owner, and manager of real estate.
VGP N.V. Real Estate Stock: Key Questions Answered
What is VGP N.V.'s core business model and geographic footprint?
VGP N.V. operates an integrated business model focused on the creation, ownership, and ongoing management of prime logistics and semi-industrial real estate, complemented by office spaces. The company generates revenue primarily through leasing these properties to businesses in the logistics sector, supporting activities such as storage, assembly, and processing. Additionally, VGP provides a full spectrum of related services, including property, asset, project, and facility management. Geographically, VGP has a significant presence across 12 European countries, including Germany, Spain, France, Italy, the Netherlands, Austria, Portugal, the Czech Republic, Slovakia, Hungary, Romania, Serbia, and Latvia, showcasing a broad and diversified European reach.
How does VGP N.V. differentiate itself in the European logistics real estate market?
VGP N.V. differentiates itself through its fully integrated business model, which encompasses the entire property lifecycle from development and ownership to comprehensive asset and facility management. This allows for greater control over quality, cost efficiencies, and tenant satisfaction compared to companies that specialize in only one aspect. Its extensive geographic footprint across 12 European countries provides diversification and scale, enabling it to serve a wide range of international and local clients. The company's focus on prime, modern logistics and semi-industrial properties, often incorporating sustainable features, also positions it favorably to meet the evolving demands of the e-commerce and supply chain sectors, attracting high-quality tenants.
What are the specific risks associated with VGP N.V.'s listing on the OTC Other tier?
VGP N.V.'s listing on the OTC Other tier carries several specific risks for investors. Firstly, the 'Unknown' disclosure status means that the company is not required to provide regular, comprehensive financial reports, leading to limited transparency and making it challenging for investors to perform thorough due diligence. Secondly, securities on the OTC Other tier typically experience lower trading volumes and wider bid-ask spreads, which can result in reduced liquidity. This makes it more difficult to buy or sell shares quickly at a desired price and can contribute to increased price volatility. Lastly, the lower regulatory oversight on this tier compared to major exchanges may expose investors to higher risks due to less stringent compliance requirements.
What key financial indicators are most relevant for evaluating VGP N.V.'s performance?
For VGP N.V., as a real estate developer and owner, several key financial indicators are particularly relevant for evaluation. The P/E ratio of 8.2 suggests its earnings multiple relative to its share price, which can indicate valuation. Its high Profit Margin of 166.0% and Gross Margin of 80.5% are crucial, as they reflect the company's operational efficiency and profitability in generating income from its real estate assets and services. The Dividend Yield of 4.16% is also significant for income-focused investors, as it represents the return on investment from dividends. Additionally, monitoring its project pipeline, occupancy rates, and rental growth are vital operational metrics for assessing its ongoing business health and future growth prospects.
What are the key factors to evaluate for VGPBF?
Evaluate VGPBF on fundamentals, analyst consensus, and risk factors. P/E: 8.2x vs the S&P 500's ~20-25x. Not financial advice.
How frequently does VGPBF data refresh on this page?
VGPBF prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven VGPBF's recent stock price performance?
VGP N.V. (VGPBF) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Established presence and integrated business model across 12 European countries. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider VGPBF overvalued or undervalued right now?
VGP N.V. (VGPBF) trades at 8.2x earnings. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- FMP PEER TICKERS were not provided in the source data, so competitors are listed as 'Unknown'.
- Specific details for CEO background (education, prior roles) and tenure years were not provided in the source data.
- The 'Unknown' disclosure status for OTC was used as provided.
- No analyst ratings or consensus data were provided, so the analyst FAQ was omitted.