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Details on WDP shares

WDP has been listed on Euronext since June 1999.

DETAILS PER SHARE

31.12.2022 31.12.2021 31.12.2020

Number of shares in circulation on closing date

203,980,363 184,772,193 174,713,867

Free float

78% 76% 75%

Market capitalisation (in euros)

5,446,275,704 7,793,691,101 4,937,413,881

Traded volume in shares per year

88,782,514 55,353,642 67,393,146

Average daily volume (in euros)

10,834,034 7,132,819 6,812,194

Free float velocity(1)

55.8% 39.3% 51.1%

Stock exchange price

     

highest

41.7 42.3 31.4

lowest

23.1 26.7 17.0

closing

26.7 42.2 28.3

EPRA NAV(2) (in euros)

20.9 19.0 13.5

IFRS NAV(3) (in euros)

20.7 20.1 14.3

Distribution percentage

86% 81% 80%

EPRA Earnings/share(4) (in euros)

1.25 1.10 1.00

EPRA Earnings/share(5) (in euros)

1.16 1.08 1.00

Gross dividend/share (in euros)

1.00 0.88 0.80

Net dividend/share (in euros)

0.70 0.62 0.56



(1) The number of shares traded per year divided by the total number of free float shares at the end of the year.

(2) EPRA NAV: this is the NAV that was adjusted to include properties and other investments at their fair value and exclude certain line items that are not expected to take shape in a business model with real estate investments over the long term. See also www.epra.com.

(3) IFRS NAV: calculated as the sharholders' equity divided by the total number of shares entitled to dividend on the balance sheet date. This refers to the net value in line with the GVV/SIR legislation.

(4) On the basis of the weighted average number of shares.

(5) On the basis of the number of shares entitled to dividend.

Analyst estimates - consensus (July 2023)

  FY 2023 high low #   FY 2024 high low #   FY 2025 high low #
Rental income, net of rental-related expenses (in million euros) 343.7 371.6 321.5 13   376.8 399.9 350.9 13   407.3 426.9 380.4 13
Operating result (before result on the portfolio) (in million euros) 349.3 402.9 331.9 13   379.6 404.8 363.3 13   413.1 445.9 392.1 13
EPRA Earnings (in million euros) 283.6 290.8 274.6 13   301.6 324.5 287.0 13   322.7 347.9 303.9 13
EPRA EPS (in euros) 1.38 1.41 1.31 13   1.43 1.49 1.35 13   1.52 1.58 1.47 13
Dividend per share (in euros) 1.10 1.12 1.07 13   1.15 1.19 1.12 13   1.21 1.26 1.18 13
EPRA NTA per share (in euros) 20.78 22.25 19.01 13  

21.71

24.55 18.74 13   23.23 27.46 19.06 13
Loan-to-value (in %) 37.9 42.2 36.2 13   38.2 44.3 33.1 13   37.8 44.3 30.3 13

# : Number of analyst estimates

High: the highest data point out of all estimates

Low: the lowest data point out of all estimates

The consensus is calculated as the average of analyst estimates which are submitted by sell-side analysts covering WDP. Data has been aggregated using a standard template. Any opinions, estimates or forecasts regarding WDP's performance made by these analysts, and therefore also the consensus figures are theirs alone and do not represent opinions or forecasts of WDP or its Management. By making this consensus information of its results available on a semi annual basis, WDP does not mean or otherwise imply to endorse such information.

WDP analysts

The WDP share is being followed by analysts, giving their recommendations regarding the share. Feel free to send a question by e-mail to these analysts, and they will gladly give you their vision on the WDP share. 

NAME COMPANY ADVICE TARGET PRICE (€) UPDATE
A.Aboulkhouatem [at] degroofpetercam.com (I)i.maslova [at] research.degroofpetercam.com (nna Maslova) Degroof Petercam HOLD 27.00 31/07/2023
Rob.jones [at] exanebnpparibas.com (Rob Jones) Exane BNP Paribas NEUTRAL 27.00 18/07/2023
wim.lewi [at] kbcsecurities.be (Wim Lewi) KBC Securities ACCUMULATE 34.00 28/07/2023
Pieter.Runneboom [at] kempen.com (Pieter Runneboom) Kempen & Co. BUY 31.00 28/07/2023
Francesca.Ferragina [at] ing.com (Francesca Ferragina) ING BUY 44.00 01/08/2023
steven.boumans [at] aa-ob.com (Steven Boumans) ABN AMRO - ODDO NEUTRAL 30.00 28/07/2023
frenard [at] keplercheuvreux.com (Frédéric Renard) Kepler Cheuvreux HOLD 28.00

31/07/2023

Bart.Gysens [at] morganstanley.com (Bart Gysens) Morgan Stanley EQUAL WEIGHT 26.00 28/07/2023
markus.kulessa [at] bofa.com (Markus Kulessa) Bank of America BUY 30.00 23/06/2023
charles.boissier [at] ubs.com (Charles Boissier) UBS BUY 32.50 28/07/2023
PAUL.J.MAY [at] BARCLAYS.COM (Paul May, CFA) Barclays UNDERWEIGHT 26.00 28/07/2023
neil.d.green [at] jpmorgan.com (Neil Green, CFA) JP Morgan UNDERWEIGHT 26.50 31/07/2023
saravana.bala [at] rbccm.com (Saravana Bala) RBC SECTOR PERFORM 27.00 15/08/2023
rvirdee [at] greenstreet.com (Rob Virdee)

Green Street Advisors

SELL 39.45 12/01/2022
kai.klose [at] berenberg.com (Kai Klose) Berenberg HOLD 28.00 28/07/2023
info [at] VFB.be (Gert De Mesure)
Vlaamse Federatie van Beleggersclubs en Beleggers VZW  
     
Liquidity provider

Kempen & Co

Jetze Oosthoek

Head of Trading

jetze.oosthoek [at] kempen.com

+31 657651289 

Financial service of the share

Single Paying Agent

ING België NV

Marc Sanders : +32 2 547 31 40 - marc.sanders [at] ing.be

Sint-Michielswarande 60, 1040 Brussels

Performance report

In this report the global return on WDP shares is measured and compared with the performances in the whole sector. Furthermore, some general property and stock indexes are also included, such as GPR 250 Europe, GPR 250 Belgium and BEL 20.

 

Dual listing

WDP announces the coming into effect of a second share listing on Euronext Amsterdam on 18 November 2015. This dual listing underlines the importance WDP attaches to its core Benelux market, and more specifically its increasingly larger Dutch share – which now has the same weight as WDP's historical home market of Belgium – in the property portfolio. WDP has not placed any new shares. Its reference market remains Euronext Brussels.

Exempt accelerated private placement of new shares by way of a capital increase in cash (completed)

The publications are, subject to certain restrictions, available here.

THE PUBLIC OFFERING OF NEW SHARES WITHIN THE FRAMEWORK OF A CAPITAL INCREASE IN CASH WITH A PRIORITY ALLOCATION RIGHT (COMPLETED)

The publications are, subject to certain restrictions, available on the following page of the website: www.wdp.eu/capitalincrease2016.