Jul 26, 2024 / 08:00AM GMT
Joost Uwents - Warehouses de Pauw NV - Co-Chief Executive Officer, Executive Director
Good morning, everybody. Welcome to the conference call of WDP. Welcome to Wolverton. I think we can say that probably the weather was not the best in this first half year and the sun did not shine enough. But we at WDP, we blended a perfect first half year with EUR500 million of new investments at the yield on average of 7%, which is unique in our history.
And we could do that thanks to a perfect balance sheet now with a loan-to-value and net debt to EBITDA of 6.8x. Based on our existing portfolio of more than EUR7 billion and all our clients. And besides the growth, we could also realize the results we had foreseen. And so we are on our way to a EUR1.47 which is 5% more than last yea, based on a stable occupancy rate.
But I think we can say that the EUR500 million is the most important element of this first half year. And let's look a little bit deeper into this EUR500 million. First of all, it is profitable on average 7% yield on the total investment pipeline, 7% on acquisitions, 7.4% on our
Half Year 2024 Warehouses de Pauw NV Earnings Call Transcript
Jul 26, 2024
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