Warehouses De Pauw SA (EBR:WDP)

Warehouses De Pauw Income Statement

Financials in millions EUR. Fiscal year is January - December.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Rental Revenue	461.01	450.78	387.18	336.92	293.25	254.66
Tenant Reimbursements	34.92	45.03	40.18	40.97	37.4	23.56
Property Management Fees	1.71	1.71	1.52	1.4	1.23	1.09
Other Revenue	48.89	47.55	42.25	20.54	61.55	36.38
Total Revenue	546.53	545.07	471.12	399.83	393.43	315.69
Revenue Growth (YoY	10.40%	15.70%	17.83%	1.63%	24.63%	16.36%
Property Expenses	59.98	69.32	64.41	59.19	51.05	35.5
Selling, General & Administrative	27.82	27.25	23.84	20.71	17.76	17.65
Depreciation & Amortization	10.11	11.45	10.55	15.57	7.26	1.42
Other Operating Expenses	-0.74	-0.74	-13.39	-0.6	-6.73	-8.42
Total Operating Expenses	99.3	109.41	85.81	95.84	70.22	45.84
Operating Income	447.23	435.66	385.32	303.99	323.21	269.85
Interest Expense	-80	-77.42	-48.36	-70.21	-31.42	-21.7
Interest & Investment Income	0.54	0.59	0.63	0.94	0.38	0.3
Other Non-Operating Income	-5.19	-12.92	-16.68	-48.1	-12.42	-18.47
EBT Excluding Unusual Items	362.58	345.91	320.91	186.62	279.76	229.98
Gain (Loss) on Sale of Investments	-	-	-	-	220.09	52.39
Gain (Loss) on Sale of Assets	5.29	5.61	0.72	1.25	0.52	6.41
Asset Writedown	70.8	68.61	151.14	-222.54	-157.75	825.96
Other Unusual Items	-0.1	-0.1	0.13	-0.03	0.02	-0.04
Pretax Income	438.56	420.04	472.89	-34.7	342.64	1,115
Income Tax Expense	57.34	66.12	23.34	-60.63	-20.82	120.64
Earnings From Continuing Operations	381.22	353.92	449.55	25.94	363.45	994.06
Minority Interest in Earnings	-	-	-14.05	-3.64	-11.74	-11.79
Net Income	381.22	353.92	435.5	22.3	351.71	982.27
Net Income to Common	381.22	353.92	435.5	22.3	351.71	982.27
Net Income Growth	-4.76%	-18.73%	1853.00%	-93.66%	-64.19%	202.60%
Basic Shares Outstanding	233	231	223	207	189	183
Diluted Shares Outstanding	233	231	223	207	189	183
Shares Change (YoY)	3.83%	3.50%	7.66%	9.22%	3.72%	5.08%
EPS (Basic)	1.64	1.54	1.96	0.11	1.86	5.38
EPS (Diluted)	1.64	1.54	1.96	0.11	1.86	5.38
EPS Growth	-8.23%	-21.48%	1714.09%	-94.19%	-65.48%	187.98%
Dividend Per Share	1.230	1.230	1.200	1.120	1.000	0.880
Dividend Growth	2.50%	2.50%	7.14%	12.00%	13.64%	10.00%
Operating Margin	81.83%	79.93%	81.79%	76.03%	82.15%	85.48%
Profit Margin	69.75%	64.93%	92.44%	5.58%	89.40%	311.15%
EBITDA	458.59	448.43	397.24	321.43	332.1	273
EBITDA Margin	83.91%	82.27%	84.32%	80.39%	84.41%	86.48%
D&A For Ebitda	11.36	12.77	11.92	17.44	8.89	3.16
EBIT	447.23	435.66	385.32	303.99	323.21	269.85
EBIT Margin	81.83%	79.93%	81.79%	76.03%	82.15%	85.48%
Effective Tax Rate	13.08%	15.74%	4.94%	-	-	10.82%

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.