Q1 2023 Warehouses de Pauw NV Earnings Call Transcript
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Let's restart then again, excuse us for the delay. I started by saying that indeed, what else can we do between the publication, the end of January and the approval next week of our full year results of '22, indeed, just confirming this message. That's the recurring moral duty of Q1. And indeed, operationally, we can say that market fundamentals stays very strong with a healthy demand for warehouse space in combination with the lack of new supplier.
The supply chain stays crucial for every industry, even in a more challenging macroeconomic environment. As mentioned during '22, you can see indexation growing into our top line with the normal contractual delays, which gives us today a very nice like-for-like rental growth of 6.6%. And above this, the potential for further growth excellent with our contractual rents still 8% lower than our ERVs, but everybody has to accept this new reality.
Higher prices, less new supply and this takes time in decision-making for our
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