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Publication date: Sept. 29, 2025
Warehouses De Pauw N.V. (WDP) is a leading developer and lessor of logistics and industrial real estate. Headquartered in Wolvertem, Belgium, the stock is listed on Euronext Amsterdam and Brussels under the ticker WDP. In this article, you can read all about WDP stock: price, performance, strategy and outlook.
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- Year of establishment: 1997
- Year added to the AEX: 2025
- Highest price ever: €42.48 in December 2021
- Average trading volume: Approximately 440,000 shares per day
- Price performance over the past 12 months: -14,43%
Introduction about the company
Warehouses De Pauw (WDP) is a Belgian specialist in logistics and semi-industrial real estate. The company develops, manages and leases modern warehouses and distribution centers at strategic locations in Europe. With activities in Belgium, the Netherlands, France, Germany, Luxembourg and Romania, WDP plays a key role in the European supply chain. The company is strongly committed to sustainability, including through solar energy on roofs and energy-efficient buildings. Since September 2025, WDP has been part of the AEX index, further cementing its status as a market leader.
Key figures & performance
In 2024, WDP achieved revenues of approximately €470 million and a net profit of approximately €420 million. The company employs over 130 people and manages a real estate portfolio worth more than €7 billion. Its market capitalization in September 2025 is about €4.87 billion. WDP typically pays dividends, but also continues to reinvest a large portion of profits in new projects and international expansion. Stable rental income is supported by long-term contracts with large logistics and industrial clients.
History & development
WDP was founded in 1977 by the De Pauw family and started managing Belgian real estate. In 1999, the company went public to finance further growth and international expansion. Since then, WDP has grown into one of the largest logistics real estate players in Europe, with branches and projects in six countries. A recent milestone was the purchase of the former Renault site in Vilvoorde in early 2025, which is being redeveloped into a sustainable urban distribution hub.
Sector & competition
WDP operates in the logistics and industrial real estate sector, a market strongly influenced by the growth of e-commerce and the need for modern distribution centers. Key trends include sustainability, digitalization and the expansion of supply chains in Europe. Competitors include VGP, Montea and Prologis, which are also committed to sustainable and large-scale logistics projects. WDP distinguishes itself through its strong geographic spread, customized solutions and emphasis on green energy solutions.
Influence of Warehouses De Pauw on the AEX
Since September 22, 2025, WDP has been part of the AEX index. With a market capitalization of approximately €6.5 billion, it is among the medium-sized players within the benchmark. Its inclusion in the AEX reflects WDP's importance in the European real estate and logistics sector. The stock contributes to the stability of the index through its predictable rental income and is particularly relevant for investors seeking exposure to the combination of real estate, logistics and sustainability. View the composition of the AEX and the weighting of all companies in the AEX here.
Investment analysis & outlook
Below is the price performance of WDP compared to the AEX over the past five years. While the AEX rose by +70.39% over this period, WDP lost -31.03% of its market capitalization. From its peak in December 2021, when the stock was quoted over €45, a downward trend set in as sharply increased interest rates and higher financing costs put pressure on the real estate sector.
Despite this lagging performance, WDP remains attractive due to stable leases, the sustainability of the property portfolio and international expansion. Looking ahead, opportunities lie in the continued growth of e-commerce and the development of sustainable urban distribution hubs, while risks are mainly found in fierce competition, rising construction costs and the impact of a possible economic slowdown in Europe.
News & updates
In January 2025, WDP acquired the former Renault site in Vilvoorde for €100 million, with plans to develop it into a sustainable urban logistics hub. In 2024, the company significantly expanded its solar capacity, further strengthening its position as a green real estate player. In addition, WDP announced new build-to-suit projects in the Netherlands and Romania for international logistics clients.
More information about this company can be found at www.wdp.eu
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