WDP : Model update: increase yields with 1.25% over next two years; ERV growth with inflation; new developments in NL at risk: keep Neutral rating
>The share price has already contracted towards today’s reality, but we prefer more defensive segment given the uncertain environment - WDP share price is down 43% year-to-date. The past year has been hard for logistics real estate and WDP too. While most were already assuming that yields would rise, recent events illustrates that buyers and sellers are still far apart, likely leading to less transactions in the near term. In this note we update our model with the lat...Warehouses De Pauw and its subsidiaries are engaged in investment in the Belgian semi-industrial property market. Co. is a closed-end property investment company which specializes in: development of storage and distribution premises; customized projects in line with the user's request; acquiring premises for customers who wish to engage in sale and leaseback transactions.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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