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Investing.com -- Warehouses de Pauw (EBR:WDPP) stock dropped 2.6% after the logistics real estate company reported slightly weakened operational metrics in its first quarter results. The company’s occupancy rate dipped to 97.3%, while its reversionary potential eased to 9%, down from 11% earlier this year.
Despite the softening metrics, WDP confirmed its 2025 guidance of €1.53 EPRA earnings per share and maintained its €1.70 target for 2027. Jefferies analysts had estimated a slightly higher 2025 EPS of €1.56.
The company’s portfolio revaluation showed only modest growth of 0.2% compared to December 2024. Meanwhile, EPRA Net Tangible Assets (NTA) declined 1.4% to €20.8, primarily due to dividend impact.
WDP’s leverage metrics also deteriorated as the company continues its expansion efforts. This combination of factors appears to have dampened investor sentiment, contributing to today’s share price decline.
The Belgian logistics property specialist continues to maintain high occupancy rates above 97%, though the slight decline suggests some pressure in the industrial real estate market. The company’s ongoing expansion strategy, while potentially beneficial for long-term growth, appears to be weighing on near-term financial metrics.
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