Listed Belgian logistics developer WDP said its net profit increased by nearly 13% year-on-year to €48.7 mln in the first half of 2016, or
€2.62 euros per share.
As a result, the company has upped its forecast for the entire year by 9% from €5.20 a share to €5.30 a share while also increasing its dividend forecast for 2016 (payable in 2017) from €4.20 to €4.25 per share.
Net Asset Value amounted to €45.2 at end June, compared to €44.9 six months earlier.
The occupancy rate in WDP's portfolio however dropped slightly over the period, from 97.5% at year-end 2015 to 95.9% at end June 2016.
WDP said it has has added a new country, namely Luxembourg, to its core portfolio. The company has agreed to acquire its first asset in the country with the purchase of a 26,000 m2 building with development potential for €22 mln, or an initial yield of 7%.
The asset, located in the Eurohub Sud logistics park, is leased to Ampacet, a global producer of colour master batches for plastics.
