Q3 2024 Warehouses de Pauw NV Earnings Call Transcript

Oct 18, 2024 / 08:00AM GMT
Joost Uwents - Warehouses de Pauw NV - Co-Chief Executive Officer, Executive Director

Good morning, everybody. Welcome to the Q3 results of WDP. I think I can say, again, a perfect plan. Indeed, today, we create value with all our drivers as we have foreseen in our plan.

First of all, of course, our earnings per share are fully in line, and we are on the right way to the EUR1.47 for the end of this year, which is a growth of 5%. And until today, we added EUR600 million of value to our balance sheet, which let it grow up to EUR4.7 billion. And still, we have a perfect balance sheet, super strong, liquid, with investment potential, thanks to our permanent matching principle of debt and equity with acquisitions by Q3: two nice deals, one in equity, one in debt.

So based on that, and we can grow further. And yes, we realized, again, a very nice -- totally, we realized this year a very nice growth again globally, EUR600 million this year, of which EUR100 million included in Q3, and of course, based on a very good and high-quality portfolio with a high and stable occupancy rate of 98%.

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