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Details on WDP shares

WDP has been listed on Euronext since June 1999.

DETAILS PER SHARE

31.12.2023 31.12.2022 31.12.2021

Number of shares in circulation on closing date

219,433,809 203,980,363 184,772,193

Free float

79% 78% 76%

Market capitalisation (in euros)

6,253,863,557 5,446,275,704 7,793,691,101

Traded volume in shares per year

56,098,783 88,782,514 55,353,642

Average daily volume (in euros)

5,827,019 10,834,034 7,132,819

Free float velocity(1)

32,2% 55.8% 39.3%

Stock exchange price

     

highest

30.5 41.7 42.3

lowest

22.6 23.1 26.7

closing

28.5 26.7 42.2

EPRA NAV(2) (in euros)

20.2 20.9 19.0

IFRS NAV(3) (in euros)

20.1 20.7 20.1

Distribution percentage

85% 86% 81%

EPRA Earnings/share(4) (in euros)

1.40 1.25 1.10

EPRA Earnings/share(5) (in euros)

1.32 1.16 1.08

Gross dividend/share (in euros)

1.12 1.00 0.88

Net dividend/share (in euros)

0.78 0.70 0.62



(1) The number of shares traded per year divided by the total number of free float shares at the end of the year.

(2) EPRA NAV: this is the NAV that was adjusted to include properties and other investments at their fair value and exclude certain line items that are not expected to take shape in a business model with real estate investments over the long term. See also www.epra.com.

(3) IFRS NAV: calculated as the sharholders' equity divided by the total number of shares entitled to dividend on the balance sheet date. This refers to the net value in line with the GVV/SIR legislation.

(4) On the basis of the weighted average number of shares.

(5) On the basis of the number of shares entitled to dividend.

Analyst estimates - consensus (January 2024)

  FY 2023 high low #   FY 2024 high low #   FY 2025 high low #
Rental income, net of rental-related expenses (in million euros) 339.1 350.1 327.7 11   380.8 400.8 364.7 11   417.2 437.8 395.0 11
Operating result (before result on the portfolio) (in million euros) 326.7 343.1 288.3 11   369.4 392.2 300.0 11 405.1 451.7 451.7 322.2 11
EPRA Earnings (in million euros) 289.9 304.1 277.0 11   315.1 331.6 289.5 11   338.7 369.0 303.0 11
EPRA EPS (in euros) 1.40 1.41 1.35 12   1.44 1.49 1.40 12   1.53 1.58 1.46 12
Dividend per share (in euros) 1.12 1.13 1.08 12   1.15 1.18 1.12 12   1.22 1.27 1.17 12
EPRA NTA per share (in euros) 20.16 21.11 18.88 12  

21.07

23.21 19.98 12   22.48 25.85 20.99 12
Loan-to-value (in %) 36.0 41.0 33.1 12   36.7 41.6 33.1 12   36.1 41.7 30.9 12

# : Number of analyst estimates

High: the highest data point out of all estimates

Low: the lowest data point out of all estimates

The consensus is calculated as the average of analyst estimates which are submitted by sell-side analysts covering WDP. Data has been aggregated using a standard template. Any opinions, estimates or forecasts regarding WDP's performance made by these analysts, and therefore also the consensus figures are theirs alone and do not represent opinions or forecasts of WDP or its Management. By making this consensus information of its results available on a semi annual basis, WDP does not mean or otherwise imply to endorse such information.

WDP analysts

The WDP share is being followed by analysts, giving their recommendations regarding the share. Feel free to send a question by e-mail to these analysts, and they will gladly give you their vision on the WDP share. 

NAME COMPANY
A.Aboulkhouatem [at] degroofpetercam.com (I)i.maslova [at] research.degroofpetercam.com (nna Maslova) Degroof Petercam
Rob.jones [at] exanebnpparibas.com (Rob Jones) Exane BNP Paribas
wim.lewi [at] kbcsecurities.be (Wim Lewi) KBC Securities
Pieter.Runneboom [at] kempen.com (Pieter Runneboom) Kempen & Co.
Francesca.Ferragina [at] ing.com (Francesca Ferragina) ING
steven.boumans [at] aa-ob.com (Steven Boumans) ABN AMRO - ODDO
frenard [at] keplercheuvreux.com (Frédéric Renard) Kepler Cheuvreux
Bart.Gysens [at] morganstanley.com (Bart Gysens) Morgan Stanley
markus.kulessa [at] bofa.com (Markus Kulessa) Bank of America
charles.boissier [at] ubs.com (Charles Boissier) UBS
PAUL.J.MAY [at] BARCLAYS.COM (Paul May, CFA) Barclays
neil.d.green [at] jpmorgan.com (Neil Green, CFA) JP Morgan
pclouard [at] jefferies.com (Pierre-Emmanuel Clouard ) Jefferies
rvirdee [at] greenstreet.com (Rob Virdee)

Green Street Advisors

kai.klose [at] berenberg.com (Kai Klose) Berenberg
info [at] VFB.be (Gert De Mesure)
Vlaamse Federatie van Beleggersclubs en Beleggers VZW  
Liquidity provider

Kempen & Co

Jetze Oosthoek

Head of Trading

jetze.oosthoek [at] kempen.com

+31 657651289 

Financial service of the share

Single Paying Agent

ABN AMRO Bank N.V.

Richard van Etten en Julie Nollet : julie.nollet [at] nl.abnamro.com - +32 494 66 37 62

Gustav Mahlerlaan 10, P.O. Box 283 (HQ 7212), 1000 EA AMSTERDAM, Nederland

 

Performance report

In this report the global return on WDP shares is measured and compared with the performances in the whole sector. Furthermore, some general property and stock indexes are also included, such as GPR 250 Europe, GPR 250 Belgium and BEL 20.

 

Dual listing

WDP announces the coming into effect of a second share listing on Euronext Amsterdam on 18 November 2015. This dual listing underlines the importance WDP attaches to its core Benelux market, and more specifically its increasingly larger Dutch share – which now has the same weight as WDP's historical home market of Belgium – in the property portfolio. WDP has not placed any new shares. Its reference market remains Euronext Brussels.

Exempt accelerated private placement of new shares by way of a capital increase in cash (completed)

The publications are, subject to certain restrictions, available here.

THE PUBLIC OFFERING OF NEW SHARES WITHIN THE FRAMEWORK OF A CAPITAL INCREASE IN CASH WITH A PRIORITY ALLOCATION RIGHT (COMPLETED)

The publications are, subject to certain restrictions, available on the following page of the website: www.wdp.eu/capitalincrease2016.