Results for Q1 2026
#BLEND2030: solid start, attractive pipeline visibility
Robust earnings per share growth: EPRA Earnings per share of 0.38 euros up 6% y/y, with full-year guidance of 1.60 euros and dividend per share of 1.29 euros confirmed.
Continuous pipeline replenishment and disciplined execution: Q1 2026 net investments of 140 million euros secured at 6.9% NOI yield, including 80,000 m² GLA of new investments announced today, mainly pre-let developments. At the same time 140,000 m² pre-let developments and acquisitions have been delivered at a 6.6% NOI yield.
Broad-based leasing activity continues: WDP’s commercial platform continues to capture market demand on all fronts: (i) occupancy high at 97.3%, (ii) out of the 10% leases due for renewal in 2026, 70% is already secured, and (iii) 100,000 m² of new leases signed during Q1 2026.
- #BLEND&EXTEND2030 – building out European platform: adding local market expertise with two new Country Managers in Spain and Italy and strengthening group-level execution capabilities.
WDP has made a strong start to 2026 – across our portfolio, client partnerships and investment activity. While Q1 is early to reflect the full impact of our ongoing activities, visibility on new business is compelling and broad-based. From Zwolle to Marseille, we see possibilities emerging to seize opportunities to continuously replenish our pipeline.
The macroeconomic and geopolitical volatility is here to stay. Europe’s need for supply chain independence, energy resilience and strategic stock is not a shift, but an acceleration, reinforcing the role of logistics real estate as critical infrastructure. If anything, these developments reconfirm our long-term vision.
Our priorities are unchanged: sustainable earnings per share growth, capital discipline and high-quality execution of our investment pipeline. This provides strong visibility on near-term cash flow growth while staying focused on long-term value creation. We are confident for the remainder of 2026, with a compelling pipeline in execution, a top-tier balance sheet and the conviction in our newly launched 2030 ambitions.