Industrial properties: 70%
Logistics properties: 20%
Office properties: 10%

Top 3 markets:
Germany: 40%
Spain: 25%
Netherlands: 15%

VGP NV generates the majority of its revenue from the rental and development of industrial properties, which account for approximately 70% of total revenue. Logistics properties contribute 20%, while office properties have the smallest share at 10%.

Geographically, Germany is the largest market for VGP NV, generating 40% of revenue. Spain follows with 25%, and the Netherlands contribute 15%. These markets are crucial for the company as they demonstrate strong demand for the offered real estate solutions.

Production Sites: Mainly in Europe

VGP NV is a real estate company specializing in the development, construction, and management of logistics and industrial properties. The company itself does not produce physical products, but develops and manages real estate projects. These projects are mainly located in Europe, with a strong focus on Central European countries such as Germany, the Czech Republic, and the Netherlands.

The company collaborates closely with various partners and tenants who carry out their own production or logistics activities in these properties.

Estimated Revenue Growth: 8-10% annually (2026) Planned Investments: 1.5 billion euros (2026)

VGP NV pursues a growth strategy that strongly focuses on expanding its real estate portfolio in strategically important European markets. The company plans to make significant investments of around 1.5 billion euros in the coming years to develop new logistics and industrial parks.

A key element of the strategy is the development of new sites in emerging markets and deepening its presence in existing markets. VGP also increasingly focuses on sustainable construction methods and energy-efficient buildings to meet the growing demands of tenants and regulatory requirements.

In addition, VGP pursues partnerships and joint ventures to accelerate growth and diversify risk. This strategy is intended to enable the company to benefit from the increasing demand for modern logistics solutions and further strengthen its market position.

Main raw materials: Steel, concrete, aluminum

Main importing countries: Germany, China, Poland

VGP NV is a company specializing in the development and management of logistics and industrial properties. For the construction and development of these properties, VGP NV mainly imports steel, concrete, and aluminum. These materials are essential for the construction of warehouses and industrial buildings.

Germany is one of the main suppliers of steel and concrete, as it offers strong production capacity and high-quality materials. China also supplies steel and aluminum, often at competitive prices. Poland is another important partner, especially for concrete, due to its geographical proximity and well-developed construction industry.

These import strategies allow VGP NV to optimize costs while ensuring the quality of building materials.

Market share: Estimated 5-7% in the European logistics real estate market (2026)

Growth of real estate portfolio: 12% CAGR (2023-2025)

VGP NV has established itself as a significant player in the European logistics real estate market in recent years. The company's competitive advantage lies in its ability to develop and manage strategically located logistics parks tailored to the needs of e-commerce companies and logistics service providers.

Another advantage is the joint venture with Allianz Real Estate, which provides VGP with access to significant capital and supports the growth of the real estate portfolio. This enables the company to quickly respond to market changes and finance new projects.

In addition, VGP benefits from the increasing demand for modern logistics spaces driven by the ongoing e-commerce boom and the need for efficient supply chains. The ability to offer innovative and sustainable solutions further strengthens VGP's market position.

Institutional Investor Share: 60% (estimated, 2026)
Insider Buys/Sells: No significant transactions reported (2026)

The institutional investor share in VGP NV is estimated to be around 60%. This demonstrates the confidence of major financial institutions in the company and its strategic focus in the real estate sector.

Regarding insider transactions, there are no reports of significant buys or sells in 2026. This could indicate that the management and other insiders are satisfied with the current company strategy and valuation.

Market share of VGP NV: Estimated at around 5% (2026)

Top competitors and their market share:

1. Prologis, Inc.: around 15%
2. Goodman Group: around 10%
3. Segro plc: around 8%
4. Logicor: around 7%
5. GLP: around 6%
6. VGP NV: around 5%
7. Tritax Big Box REIT: around 4%
8. DHL Supply Chain: around 3%
9. Panattoni Europe: around 3%
10. ID Logistics: around 2%

Moat of VGP NV:

VGP NV specializes in the development and management of logistics and industrial properties, which provides a certain moat through specialized expertise and strategic location selection. The moat of VGP NV lies particularly in their ability to offer tailored solutions to customers and in the strategic positioning of their properties in high-growth regions.

In comparison to larger competitors like Prologis and Goodman, who have a broader network and greater financial resources, the moat of VGP NV is less pronounced. These larger companies benefit from economies of scale and a global presence, giving them a stronger competitive advantage.

However, VGP NV can score points through their agility and focus on specific markets, allowing them to quickly respond to market changes. Nevertheless, competition in the industry remains intense, and larger competitors tend to have a stronger moat due to their more extensive resources and networks.

Revenue Growth: 18% (2025) EBITDA Growth: 20% (2025) Net Asset Growth: 15% (2025)

VGP NV recorded a revenue growth of 18% in 2025, attributed to strong demand for its logistics properties and successful expansion into new markets. The company also increased its EBITDA by 20%, indicating improved operational efficiency and cost savings.

The 15% net asset growth demonstrates that VGP NV continues to expand its asset base, boding well for future growth and stability. These metrics suggest that the company is well positioned to benefit from sustained demand in the logistics sector.

Additionally, VGP NV has formed strategic partnerships in recent years and initiated new projects that have the potential to further support future growth. Taken together, these factors make the stock a potentially attractive investment, especially for investors interested in long-term growth.

Dividend yield: 3.5% (2026, estimated)
Dividend history: Continuous payouts for several years

VGP NV has regularly distributed dividends in recent years, indicating a reliable dividend policy. The estimated dividend yield of 3.5% for the year 2026 shows that the company continues to offer attractive payouts to its shareholders.

The continuity of dividend payments suggests that VGP NV has a stable financial foundation, enabling the company to pay dividends even in economically challenging times. Analysts estimate that due to its solid business strategy and stable cash flow, VGP NV will continue to be able to reliably distribute dividends in the future.