Education
About Us
Working with TipRanks
Follow Us
Warehouses De Pauw SCA (GB:0MU2)
LSE:0MU2
Earnings Data
Report Date
Apr 24, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.36Last Year’s EPS
0.36Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a largely positive operational and strategic outlook: strong FY25 results (EPS +7%), high occupancy (~97.7%), substantial leasing (≈550k sqm), a solid balance sheet with Moody's A3 rating, clear 2026 and 2030 targets (EUR 1.60 and ≥EUR 2 EPRA EPS) and a self‑funded EUR 500m/yr CapEx plan. Key differentiators include an active €700m pipeline, disciplined returns (targeting double‑digit total returns) and an energy strategy expected to lift recurring revenues. Counterbalancing risks are rising debt costs and leverage sensitivity, a higher implied cost of equity vs peers that limits immediate equity raises, market normalization causing vacancy and frictional voids, and permitting/time‑to‑execute risks in some markets. Management’s confidence in internal funding and pipeline execution supports a constructive outlook, while investor concerns about leverage and valuation remain noted.Company Guidance
Strong EPS and Underlying Growth
Reported EPS of EUR 1.53 for FY25, an underlying year‑on‑year growth of 7%.
High Portfolio Occupancy and Leasing Momentum
Occupancy at 97.7% with more than 550,000 sqm of new leases in 2025 and a normalized retention rate around 90%; guidance expects occupancy above 97% for 2026.
Robust Balance Sheet and Credit Rating
Portfolio value ~EUR 9 billion with loan‑to‑value at 40% and net debt to EBITDA around 7.5x–8x; Moody's A3 rating achieved, cited as top‑tier among European RE peers.
Active Investment & Pipeline
Secured EUR 600 million of new investments at a net initial yield of 6.8%; investment pipeline increased to ~EUR 700 million with similar expected yields.
Near‑term and Long‑term EPS Targets
EPRA EPS guidance for 2026 of EUR 1.60 (c. +5% YoY) and a BLEND&EXTEND2030 target of at least EUR 2 EPRA EPS by 2030 (average growth assumption ~+6% p.a.).
Self‑funded Growth Plan
Plan assumes EUR 500 million CapEx per year fully internally funded, supported by recurring equity strengthening of EUR 250–300 million per year (retained earnings ~EUR 100m, stock dividend ~EUR 125m, contributions in kind ~EUR 50m).
Energy Strategy and Monetization
Energy investments ~<10% of annual CapEx (~EUR 40m/yr), aiming for 350 MWp solar by 2027; energy revenue expected to double to ~EUR 50m by 2030 with attractive IRRs (solar ~8–15%, batteries ~15% IRR).
Total Return Ambition
Management targets double‑digit total returns of at least 10% per year (NAV growth + dividends) assuming a minimum portfolio revaluation of just over 1% p.a. and recurring cash return on equity of c.7–8%.
GB:0MU2 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GB:0MU2 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 30, 2026 | €23.22 | €23.98 | +3.27% |
Oct 17, 2025 | €22.10 | €21.96 | -0.63% |
Jul 25, 2025 | €21.00 | €20.46 | -2.55% |
Apr 25, 2025 | €21.33 | €21.08 | -1.17% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Warehouses De Pauw SCA (GB:0MU2) report earnings?
Warehouses De Pauw SCA (GB:0MU2) is schdueled to report earning on Apr 24, 2026, Before Open (Confirmed).
What is Warehouses De Pauw SCA (GB:0MU2) earnings time?
Warehouses De Pauw SCA (GB:0MU2) earnings time is at Apr 24, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Warehouses De Pauw SCA stock?
The P/E ratio of Warehouses De Pauw SCA is N/A.
What is GB:0MU2 EPS forecast?
GB:0MU2 EPS forecast for the fiscal quarter 2026 (Q1) is 0.36.