WDP FINANCIAL STATEMENTS

Warehouses de Pauw Comm VA — balance sheet, income statement and cash flow trends

WDPWarehouses de Pauw Comm VA

🇧🇪 Netherlands · BR · Real Estate · REIT - Industrial

Value itDuel

Income Statement

Quarterly progression — trailing-twelve-month values
RevenueNet Income
0500 M1 B202120222023202420252026

Profit Funnel

Q1 2026 · TTM
Revenue523.7 M €Gross Profit443.5 M € · 85%Operating Income463.6 M € · 89%Pre-tax Income438.6 M € · 84%Net Income381.2 M € · 73%

Percentages are relative to revenue.

Key Figures

YoY change
Revenue523.7 M €+10.2%
Gross Profit443.5 M €+10.5%
Operating Income463.6 M €+43.7%
EBITDA460.9 M €-2.2%
Net Income381.2 M €-4.8%

Peer Comparison· REIT - Industrial

CompanyRev. GrowthGross MarginEBITDA MarginNet Margin
WDP10.2%84.7%88.0%72.8%
TRNO20.2%63.9%118.8%86.5%
STAG10.0%61.8%80.6%28.3%
COLD-1.1%3.6%14.6%-4.3%
REXR1.4%61.3%59.9%23.5%
FR8.5%47.0%88.1%46.0%
Industry median4.0%61.8%82.2%45.6%

Balance Sheet

Quarterly period-end values
Total AssetsTotal LiabilitiesEquity
05 B202120222023202420252026

Capital Structure

Q1 2026
Total Assets9.2 B
  • Equity5.1 B €56%
  • Current Liabilities298.2 M €3%
  • Long-term Liabilities3.8 B €41%

Key Figures

YoY change
Total Assets9.2 B €+7.7%
Total Liabilities4.1 B €+10.0%
Total Equity5.1 B €+6.0%
Cash & ST Investments20.1 M €+73.5%
Total Debt3.6 B €+8.2%
Net Debt3.6 B €+7.9%

Peer Comparison· REIT - Industrial

CompanyCurrent RatioDebt/EquityNetDebt/EBITDAEquity/Assets
WDP0.2770.5%7.7855.8%
TRNO1.7624.6%1.6677.4%
STAG0.7990.1%4.6349.9%
COLD0.35161.5%11.8534.9%
REXR0.1639.3%5.3966.6%
FR0.6993.7%3.8847.8%
Industry median0.3963.2%4.6358.2%

Cash Flow Statement

Quarterly progression — trailing-twelve-month values
Operating Cash FlowCapital ExpendituresFree Cash Flow
0200 M400 M202120222023202420252026

Cash Flow Bridge

Q1 2026 · TTM
0200 M400 M384.6 M €Operating-303.9 M €Investing-72.2 M €Financing8.5 M €Net Change

Key Figures

YoY change
Operating Cash Flow384.6 M €-7.7%
Capital Expenditures26.6 M €-9.6%
Free Cash Flow358 M €-1.5%
Dividends Paid-163.6 M €-214.2%

Peer Comparison· REIT - Industrial

CompanyCF MarginFCF MarginCapEx RatioCF/Net Income
WDP73.4%68.4%5.1%100.9%
TRNO55.5%41.4%14.1%64.2%
STAG55.3%49.9%7.4%195.5%
COLD14.2%-1.8%19.4%-330.6%
REXR53.7%21.6%32.1%228.7%
FR64.9%64.9%176.2%141.1%
Industry median55.3%50.6%7.0%117.3%

Amounts are in the company’s reporting currency. Peer comparison tables use ratio-based metrics so currency differences do not distort the picture.

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Data on this page refreshes once per day. Price data as of Jun 15, 26. This content is for informational purposes only and is not investment advice.