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    Real Estate - Development
Warehouses De Pauw S.A.

Warehouses De Pauw S.A.

0MU2.IL
Warehouses De Pauw S.A.GB flagInternational Order Book
21.31
EUR
-0.10
- -
5.13BMarket Cap
Warehouses De Pauw S.A.
0MU2.IL
(International Order Book)

Recent

price

21.31

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
0.66
0.75
0.82
0.83
0.87
1.02
1.06
1.02
1.19
1.35
1.43
1.53
1.75
1.83
1.97
2.16
2.18
Revenue per Share
0.37
0.33
0.35
0.73
0.56
1.12
0.98
1.55
2.1
2.4
1.87
5.38
1.86
0.11
1.96
1.54
1.71
Basic EPS, GAAP
0.56
0.62
0.72
0.8
0.75
0.92
0.81
0.77
0.85
0.86
1.35
1.18
1.78
1.27
1.47
1.6
1.6
Free Cash Flow per Basic Share
0.36
0.16
0.18
0.2
0.25
0.28
0.31
0.33
0.33
0.41
0.45
0.48
0.86
0.62
0.64
0.71
- -
Dividend per Share
4.2
4.54
4.23
4.65
4.99
5.89
6.92
8.04
9.79
12.2
13.47
19
20.95
20.25
21.04
21.34
20.85
Book Value per Share
4.2
4.54
4.23
4.65
4.99
5.89
6.91
8.04
9.79
12.19
13.47
18.99
20.95
20.24
21.04
21.34
20.85
Tangible Book Value per Share
88
91
100
109
116
127
133
152
157
164
174
183
189
207
223
231
235
Basic Weighted Avg Shares
58
69
82
90
101
130
141
155
187
221
249
279
331
378
438
497
513
Sales/Revenue/Turnover
89.55
91.82
90.78
90.64
90.08
89.48
89.9
89.54
89.06
86.81
85.5
90.16
86.06
81.34
83.47
83.26
84.89
Operating Margin (%)
- -
- -
- -
1
- -
- -
1
4
6
8
8
3
9
17
12
13
10
Depreciation Expense
33
30
35
80
65
143
130
235
329
394
325
982
352
22
435
354
401
Net Income, GAAP
- -
2.79
2.76
0.46
0.97
0.81
1.44
0.43
1.71
2.6
1.83
10.82
- -
- -
4.94
15.74
11.53
Effective Tax Rate (%)
56.08
43.1
43.12
88.32
64.17
110.1
92.11
151.81
176.01
178.18
130.4
352.5
106.37
5.9
99.35
71.24
78.19
Profit Margin (%)
-124
-113
-141
-176
-199
-144
-203
-236
-256
-299
-387
-308
-255
-123
-141
-330
-297
Working Capital
373
414
466
465
490
650
541
1,103
1,473
1,567
1,740
1,887
2,222
2,233
2,991
3,242
- -
LT Debt
371
401
450
527
613
768
1,032
1,238
1,611
2,150
2,404
3,574
4,348
4,521
4,838
5,018
5,016
Total Equity
- -
6.79
6.54
6.67
7.28
8.07
7.59
6.37
5.56
5.11
4.9
4.35
- -
- -
4.71
4.24
5.71
Return on Invested Capital (%)
- -
4.3
3.84
7.15
6.09
11.02
8.91
11.57
11.59
11.23
8.03
19.24
- -
- -
6.34
5.1
7.03
Return on Capital (%)
8.83
7.69
8.3
16.31
11.35
20.65
14.47
20.71
23.33
21.37
14.56
33.5
9.04
0.51
9.48
7.25
8.22
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
262
298
280
LT Borrowings
3,242
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
235
235
241
Market Capitalization
5,185
5,260
5,323

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
87
120
136
Cash, Cash Equivalents & STI
15
20
20
Accounts Receivable, Net
41
62
47
Inventories
- -
- -
- -
Total Current Liabilities
417
472
433
Payables & Accruals
- -
- -
- -
ST Debt
262
298
280
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
21.47%
17.01%
3.73%
Free Cash Flow
14.9%
12.67%
12.67%
Net Income, GAAP
199.29%
375.8%
-18.73%
Sales/Revenue/Turnover
14.44%
14.84%
13.33%
Total Cash Common Dividend
18.9%
20.77%
14.18%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
112
102
105
120
438
2025
136
113
121
127
497
2026
136
129
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.47
- -
- -
- -
1.96
2025
0.3
- -
- -
- -
1.54
2026
0.41
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.64
2025
- -
- -
- -
- -
0.71
2026
- -
- -
- -
- -
- -
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Business
Warehouses De Pauw S.A. (WDP) is a property investment and development company focused on owning, developing, and operating logistics real estate assets across Europe and beyond. It specializes in modern warehouse and distribution facilities, including industrial parks, e-commerce fulfillment centers, cold storage, and multi-user logistics spaces, delivering value through long-term ownership, active asset management, and efficient supply-chain properties. Main products and services: ownership and development of logistics real estate; asset management and leasing of warehouses and distribution centers; project development and property management; portfolio optimization and capital deployment; tailored logistics solutions including scale, automation-ready facilities, and energy-efficient buildings; redevelopment and expansion of existing properties; sale and leaseback arrangements; sale of developed assets to institutional investors; financing and structured finance solutions for logistics property investments; property services including facility management, maintenance, and security; advisory and feasibility services for logistics real estate investments; sustainability and energy performance optimization services; data-driven asset performance analytics and reporting. Latest major company changes: strategic expansion through acquisitions and new developments across key European logistics corridors; formation of partnerships with institutional investors and logistics operators to expand the development pipeline and diversify funding; launch of new state-of-the-art logistics platforms and modular warehouse offerings; reorganization to optimize operations and enhance efficiency, including organizational realignment and branding updates; capital raising activities and refinements in capital structure to support growth; expansion of sustainable building initiatives and certifications across the portfolio; provision of new lease formats and service offerings to attract e-commerce and last-mile operators. Additional context: Industry and business segments include logistics real estate, property development, asset management, and investment management; targets logistics operators, e-commerce platforms, third-party logistics providers, manufacturers, and retailers seeking scalable, strategically located warehouse space; geographic operations span multiple European countries including Belgium, the Netherlands, Germany, France, Spain, the United Kingdom, and other European markets, with ongoing development and operational platforms in these regions; founded in 1954 and headquartered in Brussels, Belgium; subsidiaries and affiliate entities structure includes property development, investment management, and asset leasing entities under the WDP umbrella.