Warehouses de Pauw Comm VA (WDP) - Net Assets
Based on the latest financial reports, Warehouses de Pauw Comm VA (WDP) has net assets worth €5.02 Billion EUR (≈ $5.87 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€8.91 Billion ≈ $10.42 Billion USD) and total liabilities (€3.90 Billion ≈ $4.56 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check WDP cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €5.02 Billion |
| % of Total Assets | 56.29% |
| Annual Growth Rate | 16.73% |
| 5-Year Change | 40.41% |
| 10-Year Change | 386.09% |
| Growth Volatility | 14.69 |
Warehouses de Pauw Comm VA - Net Assets Trend (2005–2025)
This chart illustrates how Warehouses de Pauw Comm VA's net assets have evolved over time, based on quarterly financial data. Also explore WDP total assets for the complete picture of this company's asset base.
Annual Net Assets for Warehouses de Pauw Comm VA (2005–2025)
The table below shows the annual net assets of Warehouses de Pauw Comm VA from 2005 to 2025. For live valuation and market cap data, see how much is Warehouses de Pauw Comm VA worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €5.02 Billion ≈ $5.87 Billion |
+3.73% |
| 2024-12-31 | €4.84 Billion ≈ $5.66 Billion |
+7.01% |
| 2023-12-31 | €4.52 Billion ≈ $5.29 Billion |
+3.97% |
| 2022-12-31 | €4.35 Billion ≈ $5.08 Billion |
+21.66% |
| 2021-12-31 | €3.57 Billion ≈ $4.18 Billion |
+48.68% |
| 2020-12-31 | €2.40 Billion ≈ $2.81 Billion |
+11.81% |
| 2019-12-31 | €2.15 Billion ≈ $2.51 Billion |
+33.49% |
| 2018-12-31 | €1.61 Billion ≈ $1.88 Billion |
+30.04% |
| 2017-12-31 | €1.24 Billion ≈ $1.45 Billion |
+19.96% |
| 2016-12-31 | €1.03 Billion ≈ $1.21 Billion |
+34.37% |
| 2015-12-31 | €768.27 Million ≈ $898.19 Million |
+25.23% |
| 2014-12-31 | €613.49 Million ≈ $717.24 Million |
+16.39% |
| 2013-12-31 | €527.08 Million ≈ $616.21 Million |
+17.08% |
| 2012-12-31 | €450.18 Million ≈ $526.31 Million |
+12.17% |
| 2011-12-31 | €401.33 Million ≈ $469.20 Million |
+8.09% |
| 2010-12-31 | €371.29 Million ≈ $434.07 Million |
+1.21% |
| 2009-12-31 | €366.84 Million ≈ $428.88 Million |
+40.39% |
| 2008-12-31 | €261.31 Million ≈ $305.50 Million |
-15.76% |
| 2007-12-31 | €310.20 Million ≈ $362.66 Million |
+12.83% |
| 2006-12-31 | €274.93 Million ≈ $321.42 Million |
+20.94% |
| 2005-12-31 | €227.33 Million ≈ $265.77 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Warehouses de Pauw Comm VA's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 995.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €353.92 Million | 7.05% |
| Common Stock | €244.05 Million | 4.86% |
| Other Components | €4.42 Billion | 88.08% |
| Total Equity | €5.02 Billion | 100.00% |
Warehouses de Pauw Comm VA Competitors by Market Cap
The table below lists competitors of Warehouses de Pauw Comm VA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sichuan Changhong Electric Co Ltd
SHG:600839
|
$5.90 Billion |
|
LB Group Co Ltd
SHE:002601
|
$5.90 Billion |
|
ZALANDO SE UNSP.ADR /2
F:ZAL1
|
$5.91 Billion |
|
Axalta Coating Systems Ltd
NYSE:AXTA
|
$5.92 Billion |
|
Jiangsu Yoke Technology Co Ltd
SHE:002409
|
$5.90 Billion |
|
SHISEIDO CO. ADR
F:SHDA
|
$5.90 Billion |
|
Almonty Industries Inc
AU:AII
|
$5.90 Billion |
|
Renk Group AG
XETRA:R3NK
|
$5.90 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Warehouses de Pauw Comm VA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,745,912,000 to 5,018,201,000, a change of 272,289,000 (5.7%).
- Net income of 353,918,000 contributed positively to equity growth.
- Dividend payments of 163,574,000 reduced retained earnings.
- Other factors increased equity by 81,945,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €353.92 Million | +7.05% |
| Dividends Paid | €163.57 Million | -3.26% |
| Other Changes | €81.94 Million | +1.63% |
| Total Change | €- | 5.74% |
Book Value vs Market Value Analysis
This analysis compares Warehouses de Pauw Comm VA's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.03x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 5.48x to 1.03x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | €4.09 | €22.40 | x |
| 2006-12-31 | €4.54 | €22.40 | x |
| 2007-12-31 | €5.11 | €22.40 | x |
| 2008-12-31 | €4.31 | €22.40 | x |
| 2009-12-31 | €4.15 | €22.40 | x |
| 2010-12-31 | €4.20 | €22.40 | x |
| 2011-12-31 | €4.39 | €22.40 | x |
| 2012-12-31 | €4.50 | €22.40 | x |
| 2013-12-31 | €4.83 | €22.40 | x |
| 2014-12-31 | €5.29 | €22.40 | x |
| 2015-12-31 | €6.04 | €22.40 | x |
| 2016-12-31 | €7.76 | €22.40 | x |
| 2017-12-31 | €8.16 | €22.40 | x |
| 2018-12-31 | €10.09 | €22.40 | x |
| 2019-12-31 | €12.83 | €22.40 | x |
| 2020-12-31 | €13.47 | €22.40 | x |
| 2021-12-31 | €19.22 | €22.40 | x |
| 2022-12-31 | €22.56 | €22.40 | x |
| 2023-12-31 | €21.47 | €22.40 | x |
| 2024-12-31 | €21.31 | €22.40 | x |
| 2025-12-31 | €21.77 | €22.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Warehouses de Pauw Comm VA utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.05%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 67.78%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 1.78x
- Recent ROE (7.05%) is below the historical average (11.69%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 12.73% | 94.84% | 0.09x | 1.56x | €6.21 Million |
| 2006 | 15.29% | 123.10% | 0.07x | 1.66x | €14.55 Million |
| 2007 | 17.17% | 124.56% | 0.06x | 2.14x | €22.22 Million |
| 2008 | -6.04% | -30.38% | 0.06x | 3.07x | €-41.92 Million |
| 2009 | 0.12% | 0.80% | 0.06x | 2.50x | €-36.25 Million |
| 2010 | 8.78% | 51.41% | 0.07x | 2.48x | €-4.53 Million |
| 2011 | 7.40% | 46.59% | 0.06x | 2.54x | €-10.43 Million |
| 2012 | 7.85% | 43.12% | 0.07x | 2.66x | €-9.69 Million |
| 2013 | 15.12% | 87.89% | 0.07x | 2.48x | €26.97 Million |
| 2014 | 10.55% | 64.17% | 0.06x | 2.56x | €3.40 Million |
| 2015 | 18.57% | 110.10% | 0.07x | 2.48x | €65.87 Million |
| 2016 | 12.62% | 92.11% | 0.06x | 2.11x | €27.00 Million |
| 2017 | 18.99% | 151.81% | 0.06x | 2.16x | €111.31 Million |
| 2018 | 20.80% | 176.01% | 0.05x | 2.20x | €170.73 Million |
| 2019 | 18.71% | 178.18% | 0.05x | 2.01x | €183.34 Million |
| 2020 | 13.79% | 130.40% | 0.05x | 2.04x | €89.22 Million |
| 2021 | 27.98% | 352.50% | 0.05x | 1.74x | €631.23 Million |
| 2022 | 8.23% | 106.37% | 0.05x | 1.65x | €-75.63 Million |
| 2023 | 0.50% | 5.58% | 0.06x | 1.59x | €-421.99 Million |
| 2024 | 9.18% | 99.35% | 0.05x | 1.73x | €-39.09 Million |
| 2025 | 7.05% | 67.78% | 0.06x | 1.78x | €-147.90 Million |
Industry Comparison
This section compares Warehouses de Pauw Comm VA's net assets metrics with peer companies in the REIT - Industrial industry.
Industry Context
- Industry: REIT - Industrial
- Average net assets among peers: $183,438,000
- Average return on equity (ROE) among peers: 3.33%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Warehouses de Pauw Comm VA (WDP) | €5.02 Billion | 12.73% | 0.78x | $5.90 Billion |
| Montea C.V.A. (MONT) | $183.44 Million | 3.33% | 1.47x | $1.72 Billion |
About Warehouses de Pauw Comm VA
Warehouses De Pauw SA develops and invests in logistics real estate warehouses and offices. WDP's property portfolio comprises more than 9 million m. This international portfolio of semi-industrial and logistics buildings is spread over more than 350 sites at prime logistics locations for storage and distribution in Belgium, the Netherlands, France, Luxembourg, Germany and Romania.