2024-03-17 11:40:00 ET
Summary
- WDP, a Belgian REIT, reported an earnings increase for 2023 and expects to increase earnings by over 20% by 2027.
- The REIT plans to invest €500 million per year for a cumulative total of €1.5 billion as part of its growth plan for 2024-2027.
- WDP's excellent interest rate hedging policy, increasing earnings, and strong management make it an attractive investment option.
Introduction
WDP ( OTCPK:WDPSF ), formerly known as Warehouses De Pauw, is a Belgian REIT focusing on the development and leasing of logistical real estate assets. The REIT has always traded at a premium valuation and despite seeing the entire REIT sector being under pressure, WDP’s share price is still holding up pretty well (but the stock is trading substantially lower than in Q4 2024 when it was trading at almost 40 times the EPRA earnings , which was a crazy overvaluation). The REIT recently reported an earnings increase for 2023 and expects to increase its earnings by an additional 20% by 2027 on a per-share basis....
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For further details see:
WDP: 4.5% Yielding Logistics REIT With An Anticipated 6% Earnings CAGR