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
Barclays analyst Paul May lowered the firm's price target on Warehouses De Pauw to EUR 26.30 from EUR 29.30 and keeps an Overweight rating on the shares.