There’s no doubt about it, 2017 was a great year for WDP. The company was awarded ‘Entrepreneur of the Year’, opened nine new sites, entered Luxembourg as a new core market and tapped into the booming Romanian market. Therefore, it goes without saying that the stakes are high for 2018.
A productive 2017
WDP’s EPRA profits increased to 5.60 euro per share in 2017. That is a 6% increase compared to the previous year. Dividends also rose by 6% to 4.50 euro per share. And WDP’s future looks bright, with an expansion in two growth markets, the Netherlands and Romania, in the pipeline.
WDP also closed the year with an occupancy rate of 97.4% for its warehouses, once again an increase compared to 2016, when the rate was 97% at the end of the year.
Great potential for 2018-2020
WDP has enormous potential for the years ahead. 75% of the investments in the growth plan for 2016-2020 have already been identified, namely a set of complementary acquisitions and pre-rented new builds for new and existing clients, resulting from a strong commercial platform in the Benelux and Romania, and from WDP’s positioning as a developer and final investor in the long term.
Given this positive outlook, WDP has raised the bar, aiming to increase its investment volume of 1 billion to 1.25 billion euro through further growth within the existing core markets. The focus is mainly on the Netherlands and Romania, where the company recently purchased land that is currently being developed.
In 2018-2020, WDP strives for a cumulative growth of its EPRA profits by 25% to 7 euro per share, compared to last year’s share price of 5.60 euro. The further development of our sites also offers additional potential and, in the year ahead, we are not only preparing for growth, but for further digitization too. With this in mind, we welcomed Jürgen Ingels, an entrepreneur specialized in technology, as a new board member.
For more information, feel free to download the full press release below.