Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Warehouses De Pauw NV/SA is a Belgian real estate investment trust (BE-REIT) specializing in the development, acquisition, and management of logistics properties, including warehouses and offices. Founded in 1977, the company oversees a substantial portfolio exceeding 8 million square meters across more than 350 prime sites in key European markets such as Belgium, the Netherlands, France, Luxembourg, Germany, and Romania. These properties support storage, distribution, and semi-industrial activities for tenants in sectors like third-party logistics, food, and solar energy, often located near major transportation hubs. As a publicly listed entity on Euronext Brussels and Amsterdam since 1999, Warehouses De Pauw NV/SA emphasizes sustainability, with initiatives targeting solar capacity expansion and inclusion in indices like EPRA, MSCI, STOXX, and the Dow Jones Sustainability Index. Led by CEO Joost Uwents, it plays a vital role in Europe's logistics infrastructure, offering solutions like build-to-suit developments, sale-and-leaseback, and brownfield redevelopments to meet evolving supply chain demands.
83.26% operating margin is above average. ROIC at 4.24%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue grew 13.3%, still solid.
Net debt of €3.49B represents 9.5x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
€497M
▲ +13.3% YoY
Net Income (TTM)
€381M
▼ -21.3% YoY
Op. Margin
85.47%
▼ -0.2pp YoY
ROIC
4.24%
▼ -0.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€399M
▲ +12.7% YoY
Op. Cash Flow (TTM)
€439M
▼ -14.0% YoY
Net Debt
€3.49B
Cash & Equiv.
€15M
3Y CAGR: +14.5%
3Y CAGR: +3.1%
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