Warehouses De Pauw SA (OTCPK:WDPSF) Q1 2025 Earnings Conference Call April 25, 2025 4:00 AM ET Company Participants Alexander Makar – Head-Investor Relations and Corporate Finance Joost Uwents – Chief Executive Officer and Executive Director Mickaël Van den Hauwe – Chief Financial Officer Conference Call Participants Vivien Maquet – Banque Degroof Petercam John Vuong – Vanlanschot Kempen Frédéric Renard – Kepler Cheuvreux Paul May – Barclays Jonathan Kownator – Goldman Sachs Group, Inc. Pierre-Emmanuel Clouard – Jefferies Nadir Rahman – UBS Alexander Makar Good morning, everyone. Can someone please confirm if you can hear us right now?
Warehouses De Pauw is an industrial REIT focused on logistics properties in Belgium, the Netherlands, and Romania. EPRA earnings totaled €1.50/share in 2024, benefitting from 2.6% like-for-like rent growth, a larger portfolio, stable funding costs, and a one-off fee. EPRA earnings are forecast at €1.53/share in 2025, with higher taxes in the Netherlands weighing on still solid underlying growth.
Warehouses De Pauw: A High-Yield Logistics REIT Is My Christmas Present
![]() WDPSF 25 Apr 2024 | Annual | $1.12 Per Share |
![]() WDPSF 27 Apr 2023 Paid | Annual | $1 Per Share |
![]() WDPSF 28 Apr 2022 Paid | Annual | $0.88 Per Share |
![]() WDPSF 29 Apr 2021 Paid | Annual | $0.8 Per Share |
![]() WDPSF 4 May 2020 Paid | Annual | $0.74 Per Share |
25 Jul 2025 (36 Days) Date | | - Cons. EPS | - EPS |
25 Apr 2025 Date | | - Cons. EPS | - EPS |
30 Jan 2025 Date | | - Cons. EPS | 0.61 EPS |
18 Oct 2024 Date | | - Cons. EPS | 0.45 EPS |
26 Jul 2024 Date | | - Cons. EPS | 0.54 EPS |
![]() WDPSF 25 Apr 2024 | Annual | $1.12 Per Share |
![]() WDPSF 27 Apr 2023 Paid | Annual | $1 Per Share |
![]() WDPSF 28 Apr 2022 Paid | Annual | $0.88 Per Share |
![]() WDPSF 29 Apr 2021 Paid | Annual | $0.8 Per Share |
![]() WDPSF 4 May 2020 Paid | Annual | $0.74 Per Share |
25 Jul 2025 (36 Days) Date | | - Cons. EPS | - EPS |
25 Apr 2025 Date | | - Cons. EPS | - EPS |
30 Jan 2025 Date | | - Cons. EPS | 0.61 EPS |
18 Oct 2024 Date | | - Cons. EPS | 0.45 EPS |
26 Jul 2024 Date | | - Cons. EPS | 0.54 EPS |
REIT - Industrial Industry | Real Estate Sector | Mr. Joost Uwents CEO | OTC PINK Exchange | BE0974349814 ISIN |
BE Country | 128 Employees | - Last Dividend | 2 Jan 2020 Last Split | - IPO Date |
WDP (Warehouses De Pauw) is a leading developer and investor specializing in logistics real estate, encompassing storage spaces and offices. The company boasts an expansive portfolio exceeding 7 million square meters of properties. These facilities primarily comprise semi-industrial and logistics buildings strategically located across approximately 300 sites. WDP's operational footprint extends over vital logistics hubs designed for storage and distribution across several key European markets, including Belgium, the Netherlands, France, Luxembourg, Germany, and Romania. By capitalizing on prime locations, WDP ensures its facilities are at the nexus of major transportation networks, catering to a broad spectrum of clients from various sectors. The company's mission revolves around offering flexible, high-quality logistics solutions that address the unique needs of its clientele, ranging from small businesses to large multinational corporations. With a robust focus on sustainability, WDP commits to environmentally responsible practices by integrating green technologies and pursuing energy-efficient certifications for its portfolio, thus contributing to the advancement of the logistics and real estate sectors.
WDP develops state-of-the-art logistics and industrial facilities tailored to meet the specific requirements of its clients. This includes the construction of new buildings, expansion of existing ones, and redevelopment of sites to optimize their use for logistics and distribution activities. Each project is undertaken with a focus on sustainability, incorporating energy-efficient designs and technologies.
The company specializes in investing in high-quality logistics properties, offering investors opportunities to partake in the logistics real estate market. WDP's investment strategy focuses on long-term value creation, ensuring stable returns through a mix of direct investments, joint ventures, and strategic partnerships.
WDP provides comprehensive property management services for its extensive portfolio. This encompasses routine maintenance, facility upgrades, and tenant relations management to guarantee the optimal performance of its assets. The firm leverages its expertise to ensure that properties remain modern, functional, and aligned with the evolving needs of the logistics sector.
Emphasizing its commitment to environmental stewardship, WDP undertakes various sustainability initiatives. These range from the installation of solar panels and energy-efficient lighting systems to the certification of buildings under recognized environmental standards. By doing so, WDP not only reduces its carbon footprint but also enhances the ecological value of its investments, benefiting stakeholders and the community at large.