Wdp Q1 Occupancy Rate At 98.1%

Warehouses de Pauw NV WDP:

• WDP Q1 OCCUPANCY RATE AT 98.1%

• OUTLOOK 2025: CONFIRMATION OF EXPECTED EPRA EARNINGS FOR 2025 OF 1.53 EUROS PER SHARE

• Q1 EPRA EARNINGS OF 80.6 MILLION EUROS, A +12% Y/Y INCREASE

• Q1 FAIR VALUE OF PORTFOLIO 8.1 BILLION EUROS

• Q1 OPERATING MARGIN 90.0%

• Q1 LTV 40.2%

• Q1 NET RESULT (IFRS) - GROUP SHARE PER SHARE EUR 0.30

• Q1 IFRS NAV PER SHARE EUR 21.4

• Q1 IFRS NET RENTAL RESULT EUR 110.1 MILLION