Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
ER Capital N.V. is a publicly listed Dutch real estate company based in Rotterdam. The company specializes in the acquisition, development, management, and leasing of commercial properties exclusively in the Netherlands. In addition to overseeing its own real estate portfolio, ER Capital N.V. initiates and structures real estate investment funds, enabling private and institutional investors to co-invest through these carefully designed propositions. This generates structuring fees, ongoing management income, and potential profit-sharing opportunities. The firm handles all property operations in-house, maintaining close relationships with tenants and pursuing attractive commercial real estate opportunities. ER Capital N.V. also engages in the active redevelopment of properties to optimize value and returns, focusing on locations suitable for such projects. With a commitment to personal contact and the pragmatic Rotterdam approach, the company positions itself as a reliable investment partner in the Dutch real estate market, offering options like listed shares, bonds, or private loans to investors.
The business is unprofitable at the operating level (-52.70% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 49.1%, still solid. Margins contracted 34.2pp, which offsets some of the top-line progress.
Negative free cash flow of -€3M. The business is consuming cash, not generating it. Operating margin contracted 34.2pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
€5M
▲ +49.1% YoY
Net Income (TTM)
-€7M
▼ -274.5% YoY
Op. Margin
-52.70%
▼ -34.2pp YoY
ROIC
-2.81%
▼ -1.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-€3M
▼ -74.4% YoY
Op. Cash Flow (TTM)
-€2M
▼ -371.7% YoY
Net Debt
€79M
Cash & Equiv.
€1M
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