Q4 2022 Warehouses de Pauw NV Earnings Call Transcript
Welcome, everybody. Wolvertem calling, like they say, in the newspapers. Let's look together once for the last time, shortly to '22, and try to look forward to '23 and further on. 2022 was a year with the biggest increase of the cost of capital, our beloved WACC in nearly 40 years as mentioned in a study by Citigroup. This has had an enormous impact on the real estate sector. We had to rethink models and profitability. But yes, we adapted with Team WDP, supported by structural demand for warehouse space as a part of the global supply chain. WDP is ready for the new reality. Let's look into the details.
We made again a fantastic presentation with all the details. But as usual, we will not go through in detail through the whole presentation, but we will focus first on some hot topics. And afterwards, you can ask all your questions on the presentation and others by chat in the Q&A, which will be organized by Alexander. But first, let's go back for the last time to '22.
I think we can be proud that we realized a
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