Warehouses De Pauw NV
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.
Warehouses De Pauw NV (WDPSF) - Net Assets
Latest net assets as of December 2025: $5.02 Billion USD
Based on the latest financial reports, Warehouses De Pauw NV (WDPSF) has net assets worth $5.02 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) and total liabilities ($3.89 Billion). 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.
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 | 40.36% |
| 10-Year Change | 385.91% |
| Growth Volatility | 14.69 |
Warehouses De Pauw NV - Net Assets Trend (2005–2025)
This chart illustrates how Warehouses De Pauw NV's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Warehouses De Pauw NV (2005–2025)
The table below shows the annual net assets of Warehouses De Pauw NV from 2005 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $5.02 Billion | +3.70% |
| 2024-12-31 | $4.84 Billion | +7.01% |
| 2023-12-31 | $4.52 Billion | +3.97% |
| 2022-12-31 | $4.35 Billion | +21.66% |
| 2021-12-31 | $3.57 Billion | +48.68% |
| 2020-12-31 | $2.40 Billion | +11.81% |
| 2019-12-31 | $2.15 Billion | +33.49% |
| 2018-12-31 | $1.61 Billion | +30.04% |
| 2017-12-31 | $1.24 Billion | +19.96% |
| 2016-12-31 | $1.03 Billion | +34.37% |
| 2015-12-31 | $768.27 Million | +25.23% |
| 2014-12-31 | $613.49 Million | +16.39% |
| 2013-12-31 | $527.08 Million | +17.08% |
| 2012-12-31 | $450.18 Million | +12.17% |
| 2011-12-31 | $401.33 Million | +8.09% |
| 2010-12-31 | $371.29 Million | +1.21% |
| 2009-12-31 | $366.84 Million | +40.39% |
| 2008-12-31 | $261.31 Million | -15.76% |
| 2007-12-31 | $310.20 Million | +12.83% |
| 2006-12-31 | $274.93 Million | +20.94% |
| 2005-12-31 | $227.33 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Warehouses De Pauw NV'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 | 7.06% |
| Common Stock | $243.96 Million | 4.86% |
| Other Components | $4.42 Billion | 88.08% |
| Total Equity | $5.02 Billion | 100.00% |
Warehouses De Pauw NV Competitors by Market Cap
The table below lists competitors of Warehouses De Pauw NV ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Knife River Corporation
NYSE:KNF
|
$4.58 Billion |
|
SHHGF
PINK:SHHGF
|
$4.58 Billion |
|
Arkema S.A
PINK:ARKAF
|
$4.59 Billion |
|
REC Limited
NSE:RECLTD
|
$4.59 Billion |
|
CHORD ENERGY DL -01
F:OS70
|
$4.57 Billion |
|
Louisiana-Pacific Corporation
NYSE:LPX
|
$4.57 Billion |
|
Globalfoundries Inc
NASDAQ:GFS
|
$4.56 Billion |
|
Grupo Aval Acciones y Valores S.A
F:6GAA
|
$4.56 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Warehouses De Pauw NV'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 5,016,321,487, a change of 270,409,487 (5.7%).
- Net income of 353,785,443 contributed positively to equity growth.
- Dividend payments of 163,512,734 reduced retained earnings.
- Other factors increased equity by 80,136,778.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $353.79 Million | +7.05% |
| Dividends Paid | $163.51 Million | -3.26% |
| Other Changes | $80.14 Million | +1.6% |
| Total Change | $- | 5.70% |
Book Value vs Market Value Analysis
This analysis compares Warehouses De Pauw NV'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: 1.30x
- 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 5.88x to 1.30x 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 | $24.05 | x |
| 2006-12-31 | $4.54 | $24.05 | x |
| 2007-12-31 | $5.11 | $24.05 | x |
| 2008-12-31 | $4.31 | $24.05 | x |
| 2009-12-31 | $4.15 | $24.05 | x |
| 2010-12-31 | $4.20 | $24.05 | x |
| 2011-12-31 | $4.39 | $24.05 | x |
| 2012-12-31 | $4.50 | $24.05 | x |
| 2013-12-31 | $4.83 | $24.05 | x |
| 2014-12-31 | $5.29 | $24.05 | x |
| 2015-12-31 | $6.04 | $24.05 | x |
| 2016-12-31 | $7.76 | $24.05 | x |
| 2017-12-31 | $8.16 | $24.05 | x |
| 2018-12-31 | $10.09 | $24.05 | x |
| 2019-12-31 | $12.83 | $24.05 | x |
| 2020-12-31 | $13.54 | $24.05 | x |
| 2021-12-31 | $19.22 | $24.05 | x |
| 2022-12-31 | $22.56 | $24.05 | x |
| 2023-12-31 | $21.47 | $24.05 | x |
| 2024-12-31 | $21.31 | $24.05 | x |
| 2025-12-31 | $18.53 | $24.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Warehouses De Pauw NV 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% | 5.90% | 0.05x | 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 | $-147.85 Million |
Industry Comparison
This section compares Warehouses De Pauw NV's net assets metrics with peer companies in the REIT - Industrial industry.
Industry Context
- Industry: REIT - Industrial
- Average net assets among peers: $8,215,186,800
- Average return on equity (ROE) among peers: 8.98%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Warehouses De Pauw NV (WDPSF) | $5.02 Billion | 12.73% | 0.78x | $4.57 Billion |
| Ascendas Real Estate Investment Trust (ACDSF) | $10.31 Billion | 7.41% | 0.77x | $9.40 Billion |
| BWP Trust (BUNNF) | $2.84 Billion | 9.35% | 0.32x | $1.54 Billion |
| Big Yellow Group Plc (BYLOF) | $1.45 Billion | 18.24% | 0.27x | $2.16 Billion |
| Fibra Terrafina (CBAOF) | $24.78 Billion | 3.83% | 0.61x | $1.16 Billion |
| ESR-REIT (CGIUF) | $1.66 Billion | 0.37% | 0.95x | $119.59 Million |
| Americold Realty Trust (COLD) | $706.75 Million | 6.79% | 2.58x | $3.22 Billion |
| CubeSmart (CUBE) | $2.95 Billion | 13.24% | 1.16x | $8.79 Billion |
| FIBRA Macquarie México (DBMBF) | $36.33 Billion | 10.92% | 0.46x | $1.13 Billion |
| DHAWF (DHAWF) | $549.25 Million | 4.93% | 1.21x | $146.66 Million |
| Dream Industrial Real Estate Investment Trust (DREUF) | $570.82 Million | 14.71% | 1.79x | $2.10 Billion |