With #BLEND2027, the four-year growth plan for 2024 – 27, WDP is aiming for earnings growth driven by multiple drivers, across the breadth of our operations and geographical presence: developments, acquisitions, internal growth and energy solutions in our existing core markets and further deployment of operations in France and Germany.

Moreover, we have been able to increase our financial strength to the extent that WDP already has covered the financing of these future investments, including expected retained earnings and optional dividend.

^{Assumptions and underlying hypotheses}

• ^{Sustained structural demand for logistics property with a temporary cyclical downturn and a cautious customer decision strategy.}
• ^{Stable operational metrics (high occupancy rates, long lease terms and high client retention).}
• ^{The abolition of the Dutch REIT regime implies an annual impact on EPRA Earnings per share of ‑0.05 euros starting in 2025.}

^{These ambitions are based on current knowledge and situation and barring unforeseen circumstances, such as external shocks or factors that may affect profitability, complexity and lead time.}