Warehouses De Pauw SA — Cyborg Score 7/10

Strong
Logistics Real Estate / Industrial REITs

Strategic Profile

WDP has strategically positioned itself to capitalize on e-commerce trends by focusing on modern, sustainable logistics spaces, with an aim to achieve carbon neutrality for its portfolio. The company's properties are mainly located in Belgium and the Netherlands near large transportation hubs, deriving nearly all revenue from rental income in these two countries.

Cyborg Score Rationale

WDP maintains a 97.4% occupancy rate across its portfolio with 400,000 square meters of new leases signed. The company has a market capitalization of $5.69B and trailing twelve-month revenue of $515M. Strong fundamentals in a growing e-commerce logistics market position WDP favorably.

Top Insights

  • Market leader in European logistics real estate with 8M+ m² portfolio across 350+ sites in 6 countries
  • 97.4% occupancy rate demonstrates strong demand for modern warehouse facilities
  • Sustainability focus (carbon neutrality target) aligns with ESG trends and regulatory requirements
  • Dividend-yielding REIT with diversified tenant base including e-commerce, 3PL, and food industry clients

Named Competitors

  • STAG Industrial — Industrial warehouse REIT focused on logistics facilities
  • Catena — Nordic logistics real estate specialist
  • Segro — European industrial property REIT

Recent Developments

  • (2025) Released 2023 Annual Report highlighting profitable growth and resilience amid global challenges
  • (2024) Signed sustainability-linked loan with IFC's support focusing on energy savings and emissions reduction in Romania
  • (2025) Completed handover of first unit at Prinsenhil project, expansion of logistics capacity in Netherlands

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