WDP/€WDP

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About WDP

Warehouses De Pauw (WDP) is a real estate investment trust (REIT) specializing in the acquisition, development, and leasing of logistics and semi-industrial properties across Europe. Established in 1977, the company offers a portfolio that includes warehouses, distribution centers, and industrial facilities, primarily located in Belgium and the Netherlands, with additional operations in France, the Czech Republic, and Romania. WDP's strategic focus on properties near major transportation hubs enhances its appeal to logistics and distribution clients. The company's headquarters are situated in Meise, Belgium.

Ticker

€WDP

Primary listing

BSE

Employees

128
Headquarters
Website

WDP Metrics

BasicAdvanced
€4.9B
13.32
€1.59
0.81
€0.84
3.96%

What the Analysts think about WDP

Majority rating from 16 analysts.
Hold

Bulls say / Bears say

WDP’s Q1 EPRA earnings rose 12% year-on-year to €80.6 million, and the company reaffirmed its full-year EPRA earnings per share target of €1.53, showing a strong start to 2025 (Reuters).
WDP reported H1 EPRA earnings per share of €0.75, up 6% year-on-year, with EPRA earnings at €171.2 million. The gains were supported by a 19.2% increase in rental income to €220.8 million and a 19.6% rise in operating income to €206.1 million, highlighting resilient performance at mid-year (Reuters).
WDP completed a €41 million sale-and-leaseback deal for a fully leased distribution centre in Loudéac to ID Logistics, securing a 6.3% annualized net operating result yield and demonstrating disciplined capital allocation (Reuters).
Operational performance weakened, with portfolio occupancy dropping to 97.3% at the end of H1 2025 from 98.1% at the end of Q1, suggesting potential tenant retention challenges as the market normalizes (Reuters).
Portfolio value saw minimal growth, with the Q1 fair value at €8.1 billion just slightly above the end-2024 figure, pointing to subdued capital appreciation (Reuters).
The loan-to-value ratio increased to 40.2% in Q1 2025, nearing WDP’s ceiling of below 40%, which could limit the company’s ability to fund future acquisitions unless it takes on extra debt (Reuters).
Data summarised monthly by Lightyear AI. Last updated on 4 Sept 2025.
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.

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