Warehouses De Pauw N.V. (WDP) is a leading European real estate investment trust (REIT) focused exclusively on the logistics and semi-industrial property sector. The company's core business model involves the acquisition, development, leasing, and long-term management of modern warehouses, distribution centers, and related office spaces. WDP generates the vast majority of its revenue from long-term rental income, maintaining near-full occupancy rates across its extensive portfolio of over 8 million square meters. The company's geographic footprint spans key logistics corridors in Western and Eastern Europe, with its largest markets being the Netherlands, Belgium, and Romania, alongside growing operations in France, Germany, and Luxembourg. WDP serves a diverse tenant base that includes major third-party logistics (3PL) providers, e-commerce giants, food industry companies, and multinational corporations such as Amazon, DHL, and IKEA. A key element of WDP's competitive position is its strong commitment to sustainability and value-added services; the company actively invests in renewable energy by installing extensive solar panel arrays on its warehouse roofs, which provides an additional revenue stream and helps tenants decarbonize their supply chains. Through its disciplined growth strategy, focus on prime logistics locations, and robust balance sheet, WDP has established itself as a premier logistics real estate platform in Europe.