株譜

AI 銘柄分析 · 10年

Warehouses De Pauw NV/SA

WDP · EUR · 分析基準日 2026-11-06

物流拠点と賃貸契約に強み。合併の成否と借入・増資が10年後の株主価値を左右する

10年期待年率11.13%
資本コスト10.00%
直近終値19.40 EUR2026-11-06

AIによるシナリオ分析です。基準日以降の出来事、株価や為替の変化は個別に確認が必要です。各数値は元の分析の単位と前提に従います。

分析の要約

WDPは欧州で物流施設を保有・開発し、賃料とエネルギー関連収入を得ています。立地や顧客関係は強みですが、施設の更新投資と金利の負担があり、値上げを自由に決められる事業ではありません。ARGANとの合併は2026年11月6日時点では株主承認等が残る提案です。成立と不成立を含む5ケースを比較します。価格19.40ユーロは二次資料で照合した終値、発行株数は自己株未確認の代理値です。

要約の補足

thesis

Prime logistics sites, indexed triple-net contracts, pre-let build-to-suit, track record on lower-interest financing; valuable real property but not capital-light moat.

競争優位性

moderate: site scarcity, grid connections, scale and tenants; limited pricing monopoly, substitute logistics supply and rate sensitivity.

management

capital recycling and disclosed 7pct NOI-on-cost projects positives; October 2026 equity issue 8.5pct new shares creates dilution requiring incremental returns.

safety

NAV/NOI cap and debt dominate; ARGAN merger conditional, borrowings and shareholders rights nontrivial.

known_reported_9m_ifrs_earnings_oku
2.83652
known_9m_epra_earnings_oku
2.86861
financial_model_is_scenario_projection_not_company_guidance
はい
argan_merger_outcomes

Three conditional success cases (65% assumption) versus two failure (35% assumption).

taxes

gross nominal EUR holder CF before user-specific Belgian withholding/custody/taxes, not post-tax JPY.

risks
内容を開く
1

cap-rate widening

2

floating refinancing/interest expense

3

future placements and dilution

4

ARGAN leverage/contracting and deal closure

5

low rental liquidity and tenant concentration

6

property fair value IFRS vs owner cash divergence

7

French tax/Belgian REIT rules/withdrawal rights

結論の補足

rating

pending valuation process

basis_date

2026-11-06

expected_irr
0.111322337
initial_market_cap_oku
50.938121772
valuation_pv_oku
55.035972332
per_share_fair_value_eur
20.960683788
margin_of_safety_to_market
0.080447618
buy_price_for_25pct_safety_margin_eur
15.720512841
scenario_probability_is_analyst_assumption_not_deal_success_forecast
はい

事業

物流施設の保有・開発、賃貸、太陽光発電などを手掛けます。

競争力・事業の質

立地、接続設備、物流会社との関係や長期契約は強みですが、競合供給と金利の影響を受けます。

業界と環境

賃料、空室率、建設費、金利、物件の出口利回りを分けて評価します。

財務・資本配分

開発投資を借入・利益留保・増資で賄うため、資金調達と既存株主の希薄化を考慮します。

評価の前提と確認

不動産の営業収益から必要投資・借入を考慮し、将来物件利回りで終価を試算します。

資本コストの前提

資本コスト
10.00%
terminal_corporate_drag_k_default
0.1
valuation_hurdle_source

analyst assumption not observed company cost of capital

事業別データ

事業別の内訳と、収録されている年度別データを確認できます。

事業別データを開く →

10年のシナリオ

シナリオごとの確率、期間内の株主還元・追加負担、終価です。金額は億EUR。株主の範囲や受取時点は各分析の前提を確認してください。

シナリオ確率株主還元・追加負担終価
強気・ARGAN成立(早期)15.0%41.37137.15
中立・ARGAN成立(早期)35.0%38.3090.27
弱気・ARGAN成立(配当前後に遅延+離脱)15.0%34.6438.51
中立・ARGAN不成立25.0%38.3089.44
危機・ARGAN不成立10.0%29.0113.35

強気・ARGAN成立(早期)(確率 15.0%)

合併が2027年3月に成立し、賃料と開発投資が堅調に伸びる仮定。資金調達と新株の希薄化も織り込みます。

確率の根拠

確率は分析上の主観的な仮定であり、取引の成立確率を観測した数値ではありません。5ケースで合計100%です。

日付別キャッシュフロー

1
内容を開く
year
0.038329911
想定日

2026-11-20

金額
0
種類

argan_egm_scheduled_reassessment

状態

assumed

non_cash
はい
出典

ARGAN/WDP merger announcements

conditional
はい
2
内容を開く
year
0.049281314
想定日

2026-11-24

金額
0
種類

wdp_egm_scheduled_reassessment

状態

assumed

non_cash
はい
出典

WDP EGM invitation

conditional
はい
3
内容を開く
year
0.150581793
想定日

2026-12-31

金額
0
種類

fiscal_year_end_valuation_checkpoint

状態

assumed

non_cash
はい
4
内容を開く
year
0.150581793
想定日

2026-12-31

金額
0
種類

fy2026_results_cutoff_reassessment

状態

assumed

non_cash
はい
出典

future reporting date, not cash

5
内容を開く
year
0.303901437
想定日

2027-02-25

金額
0
種類

argan_proposed_11eur_special_ex_date_external

状態

assumed

non_cash_for_wdp_cohort
はい
external_eur_per_share
11
external_total_oku
2.83237812
eligible_argan_shares
25748892
conditional
はい
6
内容を開く
year
0.325804244
想定日

2027-03-05

金額
0
種類

argan_proposed_11eur_special_paid_external

状態

conditional_unapproved_projection

non_cash_for_wdp_cohort
はい
external_cash_oku
2.83237812
conditional
はい
7
内容を開く
year
0.34770705
想定日

2027-03-13

金額
0
種類

argan_free_awards_conditionally_vest_pre_merger

状態

assumed

non_cash_for_old_wdp_cohort
はい
conditional_award_shares
15435
after_special_ex_date
はい
unconfirmed
はい
8
内容を開く
year
0.353182752
想定日

2027-03-15

金額
0
種類

argan_merger_stock_issue_dilution_no_holder_cash

状態

assumed

non_cash
はい
conditional
はい
wdp_new_shares
77292981
argan_dissent_withdrawn_shares
0
wdp_old_holder_fraction_after
0.772574471
acquired_property_proxy_oku
43.40502
acquired_financial_net_debt_oku
21.89872812
acquired_equity_book_proxy_oku
21.92571188
detail

ARGAN post-cash-out net assets transferred once, PPA unknown

9
内容を開く
year
0.38329911
想定日

2027-03-26

金額
0
種類

wdp_dividend_declaration_reassessment

状態

assumed

non_cash
はい
forecast_fiscal_year
2026
dps_eur
1.29
company_liability_accrued_oku
4.384201985
ex_date_assumed

2027-04-29

record_date_assumed

2027-04-30

payment_date_assumed

2027-05-19

confirmed
いいえ
10
内容を開く
year
0.476386037
想定日

2027-04-29

金額
0
種類

wdp_dividend_ex_date_reassessment

状態

assumed

non_cash
はい
forecast_fiscal_year
2026
ex_date

2027-04-29

payment_date_assumed

2027-05-19

old_holder_shares_ex_m
262.567638
total_shares_ex_m
339.860619
confirmed
いいえ
11
内容を開く
year
0.479123888
想定日

2027-04-30

金額
0
種類

wdp_dividend_record_date_reassessment

状態

assumed

non_cash
はい
ex_date

2027-04-29

forecast_fiscal_year
2026
confirmed
いいえ
12
内容を開く
year
0.531143053
想定日

2027-05-19

金額
3.38712253
種類

wdp_cash_dividend_old_cohort

状態

forecast_not_declared_as_of_baseline

ex_date

2027-04-29

record_date_assumed

2027-04-30

forecast_fiscal_year
2026
dps_eur
1.29
wdp_company_cash_total_oku
4.384201985
eligible_old_shares_m
262.567638
entitlement_rule

old cohort eligible via ex-date; after ex old buyers do not inherit payout

13
内容を開く
year
0.821355236
想定日

2027-09-02

金額
0
種類

wdp_property_in_kind_stock_issue_dilution

状態

assumed

non_cash
はい
company_in_kind_asset_added_oku
0.34
issued_shares_m
1.718213058
forecast_issue_price_eur
19.788
old_holder_share_fraction_after
0.76868826
14
内容を開く
year
0.90349076
想定日

2027-10-02

金額
0
種類

wdp_third_party_cash_issue_dilution_zero_old_cash

状態

unannounced_hypothetical

non_cash_for_old_holder
はい
company_cash_raised_oku
3.155386528
issued_shares_m
15.945959812
forecast_price_eur
19.788
old_holder_fraction_after
0.734404002
15
内容を開く
year
1.106091718
想定日

2027-12-15

金額
0
種類

wdp_forecast_sbc_share_delivery_zero_old_holder_cash

状態

illustrative_not_disclosed_company_award

non_cash
はい
issued_shares_m
0.045571466
sbc_expense_oku
0.009
equity_credit_oku
0.009
future_share_purchase_oku_if_neutralized
0.009
old_holder_fraction_after
0.734310404
16
内容を開く
year
1.149897331
想定日

2027-12-31

金額
0
種類

fiscal_year_end_valuation_checkpoint

状態

assumed

non_cash
はい
17
内容を開く
year
1.399041752
想定日

2028-03-31

金額
0
種類

wdp_dividend_declaration_reassessment

状態

assumed

non_cash
はい
forecast_fiscal_year
2027
dps_eur
1.34547
company_liability_accrued_oku
4.811001968
ex_date_assumed

2028-04-27

record_date_assumed

2028-04-28

payment_date_assumed

2028-05-17

confirmed
いいえ
18
内容を開く
year
1.472963723
想定日

2028-04-27

金額
0
種類

wdp_dividend_ex_date_reassessment

状態

assumed

non_cash
はい
forecast_fiscal_year
2027
ex_date

2028-04-27

payment_date_assumed

2028-05-17

old_holder_shares_ex_m
262.567638
total_shares_ex_m
357.570363337
confirmed
いいえ
19
内容を開く
year
1.475701574
想定日

2028-04-28

金額
0
種類

wdp_dividend_record_date_reassessment

状態

assumed

non_cash
はい
ex_date

2028-04-27

forecast_fiscal_year
2027
confirmed
いいえ
20
内容を開く
year
1.527720739
想定日

2028-05-17

金額
3.532768799
種類

wdp_cash_dividend_old_cohort

状態

forecast_not_declared_as_of_baseline

ex_date

2028-04-27

record_date_assumed

2028-04-28

forecast_fiscal_year
2027
dps_eur
1.34547
wdp_company_cash_total_oku
4.811001968
eligible_old_shares_m
262.567638
entitlement_rule

old cohort eligible via ex-date; after ex old buyers do not inherit payout

21
内容を開く
year
1.823408624
想定日

2028-09-02

金額
0
種類

wdp_property_in_kind_stock_issue_dilution

状態

assumed

non_cash
はい
company_in_kind_asset_added_oku
0.34
issued_shares_m
1.684522606
forecast_issue_price_eur
20.18376
old_holder_share_fraction_after
0.730867271
22
内容を開く
year
1.905544148
想定日

2028-10-02

金額
0
種類

wdp_third_party_cash_issue_dilution_zero_old_cash

状態

unannounced_hypothetical

non_cash_for_old_holder
はい
company_cash_raised_oku
1.251664804
issued_shares_m
6.201346052
forecast_price_eur
20.18376
old_holder_fraction_after
0.718465346
23
内容を開く
year
2.108145106
想定日

2028-12-15

金額
0
種類

wdp_forecast_sbc_share_delivery_zero_old_holder_cash

状態

illustrative_not_disclosed_company_award

non_cash
はい
issued_shares_m
0.044765684
sbc_expense_oku
0.009
equity_credit_oku
0.009
future_share_purchase_oku_if_neutralized
0.009
old_holder_fraction_after
0.71837735
24
内容を開く
year
2.151950719
想定日

2028-12-31

金額
0
種類

fiscal_year_end_valuation_checkpoint

状態

assumed

non_cash
はい
25
内容を開く
year
2.395619439
想定日

2029-03-30

金額
0
種類

wdp_dividend_declaration_reassessment

状態

assumed

non_cash
はい
forecast_fiscal_year
2028
dps_eur
1.40332521
company_liability_accrued_oku
5.129167643
ex_date_assumed

2029-04-26

record_date_assumed

2029-04-27

payment_date_assumed

2029-05-16

confirmed
いいえ
26
内容を開く
year
2.46954141
想定日

2029-04-26

金額
0
種類

wdp_dividend_ex_date_reassessment

状態

assumed

non_cash
はい
forecast_fiscal_year
2028
ex_date

2029-04-26

payment_date_assumed

2029-05-16

old_holder_shares_ex_m
262.567638
total_shares_ex_m
365.500997679
confirmed
いいえ
27
内容を開く
year
2.472279261
想定日

2029-04-27

金額
0
種類

wdp_dividend_record_date_reassessment

状態

assumed

non_cash
はい
ex_date

2029-04-26

forecast_fiscal_year
2028
confirmed
いいえ
28
内容を開く
year
2.524298426
想定日

2029-05-16

金額
3.684677857
種類

wdp_cash_dividend_old_cohort

状態

forecast_not_declared_as_of_baseline

ex_date

2029-04-26

record_date_assumed

2029-04-27

forecast_fiscal_year
2028
dps_eur
1.40332521
wdp_company_cash_total_oku
5.129167643
eligible_old_shares_m
262.567638
entitlement_rule

old cohort eligible via ex-date; after ex old buyers do not inherit payout

29
内容を開く
year
2.822724162
想定日

2029-09-02

金額
0
種類

wdp_property_in_kind_stock_issue_dilution

状態

assumed

non_cash
はい
company_in_kind_asset_added_oku
0.34
issued_shares_m
1.651492751
forecast_issue_price_eur
20.5874352
old_holder_share_fraction_after
0.715146008
30
内容を開く
year
2.904859685
想定日

2029-10-02

金額
0
種類

wdp_third_party_cash_issue_dilution_zero_old_cash

状態

unannounced_hypothetical

non_cash_for_old_holder
はい
company_cash_raised_oku
2.33436787
issued_shares_m
11.338798873
forecast_price_eur
20.5874352
old_holder_fraction_after
0.693721746
31
内容を開く
year
3.107460643
想定日

2029-12-15

金額
0
種類

wdp_forecast_sbc_share_delivery_zero_old_holder_cash

状態

illustrative_not_disclosed_company_award

non_cash
はい
issued_shares_m
0.043974149
sbc_expense_oku
0.009
equity_credit_oku
0.009
future_share_purchase_oku_if_neutralized
0.009
old_holder_fraction_after
0.693641157
32
内容を開く
year
3.151266256
想定日

2029-12-31

金額
0
種類

fiscal_year_end_valuation_checkpoint

状態

assumed

non_cash
はい
33
内容を開く
year
3.392197125
想定日

2030-03-29

金額
0
種類

wdp_dividend_declaration_reassessment

状態

assumed

non_cash
はい
forecast_fiscal_year
2029
dps_eur
1.463668194
company_liability_accrued_oku
5.540500254
ex_date_assumed

2030-04-25

record_date_assumed

2030-04-26

payment_date_assumed

2030-05-15

confirmed
いいえ
34
内容を開く
year
3.466119097
想定日

2030-04-25

金額
0
種類

wdp_dividend_ex_date_reassessment

状態

assumed

non_cash
はい
forecast_fiscal_year
2029
ex_date

2030-04-25

payment_date_assumed

2030-05-15

old_holder_shares_ex_m
262.567638
total_shares_ex_m
378.535263452
confirmed
いいえ
35
内容を開く
year
3.468856947
想定日

2030-04-26

金額
0
種類

wdp_dividend_record_date_reassessment

状態

assumed

non_cash
はい
ex_date

2030-04-25

forecast_fiscal_year
2029
confirmed
いいえ
36
内容を開く
year
3.520876112
想定日

2030-05-15

金額
3.843119005
種類

wdp_cash_dividend_old_cohort

状態

forecast_not_declared_as_of_baseline

ex_date

2030-04-25

record_date_assumed

2030-04-26

forecast_fiscal_year
2029
dps_eur
1.463668194
wdp_company_cash_total_oku
5.540500254
eligible_old_shares_m
262.567638
entitlement_rule

old cohort eligible via ex-date; after ex old buyers do not inherit payout

37
内容を開く
year
3.822039699
想定日

2030-09-02

金額
0
種類

wdp_property_in_kind_stock_issue_dilution

状態

assumed

non_cash
はい
company_in_kind_asset_added_oku
0.34
issued_shares_m
1.61911054
forecast_issue_price_eur
20.999183904
old_holder_share_fraction_after
0.690686879
38
内容を開く
year
3.871321013
想定日

2030-09-20

金額
0.027627475
種類

wdp_pro_rata_tender_buyback_cash_to_old_cohort

状態

unannounced_hypothetical

company_buyback_total_oku
0.04
buyback_shares_m
0.190483593
old_tender_shares_m
0.131564518
ratio_before
0.690686879
forecast_price_eur
20.999183904
39
内容を開く
year
3.904175222
想定日

2030-10-02

金額
0
種類

wdp_third_party_cash_issue_dilution_zero_old_cash

状態

unannounced_hypothetical

non_cash_for_old_holder
はい
company_cash_raised_oku
2.288404194
issued_shares_m
10.897586327
forecast_price_eur
20.999183904
old_holder_fraction_after
0.671429878
40
内容を開く
year
4.106776181
想定日

2030-12-15

金額
0
種類

wdp_forecast_sbc_share_delivery_zero_old_holder_cash

状態

illustrative_not_disclosed_company_award

non_cash
はい
issued_shares_m
0.04319661
sbc_expense_oku
0.009
equity_credit_oku
0.009
future_share_purchase_oku_if_neutralized
0.009
old_holder_fraction_after
0.671355682
41
内容を開く
year
4.150581793
想定日

2030-12-31

金額
0
種類

fiscal_year_end_valuation_checkpoint

状態

assumed

non_cash
はい
42
内容を開く
year
4.388774812
想定日

2031-03-28

金額
0
種類

wdp_dividend_declaration_reassessment

状態

assumed

non_cash
はい
forecast_fiscal_year
2030
dps_eur
1.526605926
company_liability_accrued_oku
5.967573908
ex_date_assumed

2031-04-24

record_date_assumed

2031-04-25

payment_date_assumed

2031-05-21

confirmed
いいえ
43
内容を開く
year
4.462696783
想定日

2031-04-24

金額
0
種類

wdp_dividend_ex_date_reassessment

状態

assumed

non_cash
はい
forecast_fiscal_year
2030
ex_date

2031-04-24

payment_date_assumed

2031-05-21

old_holder_shares_ex_m
262.436073482
total_shares_ex_m
390.904673337
confirmed
いいえ
44
内容を開く
year
4.465434634
想定日

2031-04-25

金額
0
種類

wdp_dividend_record_date_reassessment

状態

assumed

non_cash
はい
ex_date

2031-04-24

forecast_fiscal_year
2030
confirmed
いいえ
45
内容を開く
year
4.536618754
想定日

2031-05-21

金額
4.00636465
種類

wdp_cash_dividend_old_cohort

状態

forecast_not_declared_as_of_baseline

ex_date

2031-04-24

record_date_assumed

2031-04-25

forecast_fiscal_year
2030
dps_eur
1.526605926
wdp_company_cash_total_oku
5.967573908
eligible_old_shares_m
262.436073482
entitlement_rule

old cohort eligible via ex-date; after ex old buyers do not inherit payout

46
内容を開く
year
4.821355236
想定日

2031-09-02

金額
0
種類

wdp_property_in_kind_stock_issue_dilution

状態

assumed

non_cash
はい
company_in_kind_asset_added_oku
0.34
issued_shares_m
1.587363275
forecast_issue_price_eur
21.419167582
old_holder_share_fraction_after
0.668640505
47
内容を開く
year
4.87063655
想定日

2031-09-20

金額
0.02674562
種類

wdp_pro_rata_tender_buyback_cash_to_old_cohort

状態

unannounced_hypothetical

company_buyback_total_oku
0.04
buyback_shares_m
0.186748621
old_tender_shares_m
0.124867692
ratio_before
0.668640505
forecast_price_eur
21.419167582
48
内容を開く
year
4.90349076
想定日

2031-10-02

金額
0
種類

wdp_third_party_cash_issue_dilution_zero_old_cash

状態

unannounced_hypothetical

non_cash_for_old_holder
はい
company_cash_raised_oku
1.92478356
issued_shares_m
8.98626687
forecast_price_eur
21.419167582
old_holder_fraction_after
0.653667396
49
内容を開く
year
5.106091718
想定日

2031-12-15

金額
0
種類

wdp_forecast_sbc_share_delivery_zero_old_holder_cash

状態

illustrative_not_disclosed_company_award

non_cash
はい
issued_shares_m
0.042432819
sbc_expense_oku
0.009
equity_credit_oku
0.009
future_share_purchase_oku_if_neutralized
0.009
old_holder_fraction_after
0.653598284
50
内容を開く
year
5.149897331
想定日

2031-12-31

金額
0
種類

fiscal_year_end_valuation_checkpoint

状態

assumed

non_cash
はい
51
内容を開く
year
5.385352498
想定日

2032-03-26

金額
0
種類

wdp_dividend_declaration_reassessment

状態

assumed

non_cash
はい
forecast_fiscal_year
2031
dps_eur
1.592249981
company_liability_accrued_oku
6.390240343
ex_date_assumed

2032-04-29

record_date_assumed

2032-04-30

payment_date_assumed

2032-05-19

confirmed
いいえ
52
内容を開く
year
5.478439425
想定日

2032-04-29

金額
0
種類

wdp_dividend_ex_date_reassessment

状態

assumed

non_cash
はい
forecast_fiscal_year
2031
ex_date

2032-04-29

payment_date_assumed

2032-05-19

old_holder_shares_ex_m
262.31120579
total_shares_ex_m
401.333987681
confirmed
いいえ
53
内容を開く
year
5.481177276
想定日

2032-04-30

金額
0
種類

wdp_dividend_record_date_reassessment

状態

assumed

non_cash
はい
ex_date

2032-04-29

forecast_fiscal_year
2031
confirmed
いいえ
54
内容を開く
year
5.533196441
想定日

2032-05-19

金額
4.176650124
種類

wdp_cash_dividend_old_cohort

状態

forecast_not_declared_as_of_baseline

ex_date

2032-04-29

record_date_assumed

2032-04-30

forecast_fiscal_year
2031
dps_eur
1.592249981
wdp_company_cash_total_oku
6.390240343
eligible_old_shares_m
262.31120579
entitlement_rule

old cohort eligible via ex-date; after ex old buyers do not inherit payout

55
内容を開く
year
5.823408624
想定日

2032-09-02

金額
0
種類

wdp_property_in_kind_stock_issue_dilution

状態

assumed

non_cash
はい
company_in_kind_asset_added_oku
0.34
issued_shares_m
1.556238505
forecast_issue_price_eur
21.847550934
old_holder_share_fraction_after
0.651073639
56
内容を開く
year
5.872689938
想定日

2032-09-20

金額
0.026042946
種類

wdp_pro_rata_tender_buyback_cash_to_old_cohort

状態

unannounced_hypothetical

company_buyback_total_oku
0.04
buyback_shares_m
0.183086883
old_tender_shares_m
0.119203043
ratio_before
0.651073639
forecast_price_eur
21.847550934
57
内容を開く
year
5.905544148
想定日

2032-10-02

金額
0
種類

wdp_third_party_cash_issue_dilution_zero_old_cash

状態

unannounced_hypothetical

non_cash_for_old_holder
はい
company_cash_raised_oku
1.516921576
issued_shares_m
6.943211074
forecast_price_eur
21.847550934
old_holder_fraction_after
0.640038517
58
内容を開く
year
6.108145106
想定日

2032-12-15

金額
0
種類

wdp_forecast_sbc_share_delivery_zero_old_holder_cash

状態

illustrative_not_disclosed_company_award

non_cash
はい
issued_shares_m
0.041682534
sbc_expense_oku
0.009
equity_credit_oku
0.009
future_share_purchase_oku_if_neutralized
0.009
old_holder_fraction_after
0.639973399
59
内容を開く
year
6.151950719
想定日

2032-12-31

金額
0
種類

fiscal_year_end_valuation_checkpoint

状態

assumed

non_cash
はい
60
内容を開く
year
6.381930185
想定日

2033-03-25

金額
0
種類

wdp_dividend_declaration_reassessment

状態

assumed

non_cash
はい
forecast_fiscal_year
2032
dps_eur
1.66071673
company_liability_accrued_oku
6.803824132
ex_date_assumed

2033-04-28

record_date_assumed

2033-04-29

payment_date_assumed

2033-05-18

confirmed
いいえ
61
内容を開く
year
6.475017112
想定日

2033-04-28

金額
0
種類

wdp_dividend_ex_date_reassessment

状態

assumed

non_cash
はい
forecast_fiscal_year
2032
ex_date

2033-04-28

payment_date_assumed

2033-05-18

old_holder_shares_ex_m
262.192002747
total_shares_ex_m
409.692032911
confirmed
いいえ
62
内容を開く
year
6.477754962
想定日

2033-04-29

金額
0
種類

wdp_dividend_record_date_reassessment

状態

assumed

non_cash
はい
ex_date

2033-04-28

forecast_fiscal_year
2032
confirmed
いいえ
63
内容を開く
year
6.529774127
想定日

2033-05-18

金額
4.354266454
種類

wdp_cash_dividend_old_cohort

状態

forecast_not_declared_as_of_baseline

ex_date

2033-04-28

record_date_assumed

2033-04-29

forecast_fiscal_year
2032
dps_eur
1.66071673
wdp_company_cash_total_oku
6.803824132
eligible_old_shares_m
262.192002747
entitlement_rule

old cohort eligible via ex-date; after ex old buyers do not inherit payout

64
内容を開く
year
6.822724162
想定日

2033-09-02

金額
0
種類

wdp_property_in_kind_stock_issue_dilution

状態

assumed

non_cash
はい
company_in_kind_asset_added_oku
0.34
issued_shares_m
1.525724024
forecast_issue_price_eur
22.284501952
old_holder_share_fraction_after
0.637598932
65
内容を開く
year
6.872005476
想定日

2033-09-20

金額
0.025503957
種類

wdp_pro_rata_tender_buyback_cash_to_old_cohort

状態

unannounced_hypothetical

company_buyback_total_oku
0.04
buyback_shares_m
0.179496944
old_tender_shares_m
0.11444706
ratio_before
0.637598932
forecast_price_eur
22.284501952
66
内容を開く
year
6.904859685
想定日

2033-10-02

金額
0
種類

wdp_third_party_cash_issue_dilution_zero_old_cash

状態

unannounced_hypothetical

non_cash_for_old_holder
はい
company_cash_raised_oku
1.058631604
issued_shares_m
4.750528443
forecast_price_eur
22.284501952
old_holder_fraction_after
0.630314147
67
内容を開く
year
7.107460643
想定日

2033-12-15

金額
0
種類

wdp_forecast_sbc_share_delivery_zero_old_holder_cash

状態

illustrative_not_disclosed_company_award

non_cash
はい
issued_shares_m
0.040945515
sbc_expense_oku
0.009
equity_credit_oku
0.009
future_share_purchase_oku_if_neutralized
0.009
old_holder_fraction_after
0.630252082
68
内容を開く
year
7.151266256
想定日

2033-12-31

金額
0
種類

fiscal_year_end_valuation_checkpoint

状態

assumed

non_cash
はい
69
内容を開く
year
7.397672827
想定日

2034-03-31

金額
0
種類

wdp_dividend_declaration_reassessment

状態

assumed

non_cash
はい
forecast_fiscal_year
2033
dps_eur
1.73212755
company_liability_accrued_oku
7.202701383
ex_date_assumed

2034-04-27

record_date_assumed

2034-04-28

payment_date_assumed

2034-05-17

confirmed
いいえ
70
内容を開く
year
7.471594798
想定日

2034-04-27

金額
0
種類

wdp_dividend_ex_date_reassessment

状態

assumed

non_cash
はい
forecast_fiscal_year
2033
ex_date

2034-04-27

payment_date_assumed

2034-05-17

old_holder_shares_ex_m
262.077555687
total_shares_ex_m
415.829733948
confirmed
いいえ
71
内容を開く
year
7.474332649
想定日

2034-04-28

金額
0
種類

wdp_dividend_record_date_reassessment

状態

assumed

non_cash
はい
ex_date

2034-04-27

forecast_fiscal_year
2033
confirmed
いいえ
72
内容を開く
year
7.526351814
想定日

2034-05-17

金額
4.539517544
種類

wdp_cash_dividend_old_cohort

状態

forecast_not_declared_as_of_baseline

ex_date

2034-04-27

record_date_assumed

2034-04-28

forecast_fiscal_year
2033
dps_eur
1.73212755
wdp_company_cash_total_oku
7.202701383
eligible_old_shares_m
262.077555687
entitlement_rule

old cohort eligible via ex-date; after ex old buyers do not inherit payout

73
内容を開く
year
7.822039699
想定日

2034-09-02

金額
0
種類

wdp_property_in_kind_stock_issue_dilution

状態

assumed

non_cash
はい
company_in_kind_asset_added_oku
0.34
issued_shares_m
1.495807867
forecast_issue_price_eur
22.730191991
old_holder_share_fraction_after
0.627993088
74
内容を開く
year
7.871321013
想定日

2034-09-20

金額
0.025119724
種類

wdp_pro_rata_tender_buyback_cash_to_old_cohort

状態

unannounced_hypothetical

company_buyback_total_oku
0.04
buyback_shares_m
0.175977396
old_tender_shares_m
0.110512588
ratio_before
0.627993088
forecast_price_eur
22.730191991
75
内容を開く
year
7.904175222
想定日

2034-10-02

金額
0
種類

wdp_third_party_cash_issue_dilution_zero_old_cash

状態

unannounced_hypothetical

non_cash_for_old_holder
はい
company_cash_raised_oku
0.65
issued_shares_m
2.859632687
forecast_price_eur
22.730191991
old_holder_fraction_after
0.623717397
76
内容を開く
year
8.106776181
想定日

2034-12-15

金額
0
種類

wdp_forecast_sbc_share_delivery_zero_old_holder_cash

状態

illustrative_not_disclosed_company_award

non_cash
はい
issued_shares_m
0.040221527
sbc_expense_oku
0.009
equity_credit_oku
0.009
future_share_purchase_oku_if_neutralized
0.009
old_holder_fraction_after
0.623657673
77
内容を開く
year
8.150581793
想定日

2034-12-31

金額
0
種類

fiscal_year_end_valuation_checkpoint

状態

assumed

non_cash
はい
78
内容を開く
year
8.394250513
想定日

2035-03-30

金額
0
種類

wdp_dividend_declaration_reassessment

状態

assumed

non_cash
はい
forecast_fiscal_year
2034
dps_eur
1.806609034
company_liability_accrued_oku
7.588650744
ex_date_assumed

2035-04-26

record_date_assumed

2035-04-27

payment_date_assumed

2035-05-16

confirmed
いいえ
79
内容を開く
year
8.468172485
想定日

2035-04-26

金額
0
種類

wdp_dividend_ex_date_reassessment

状態

assumed

non_cash
はい
forecast_fiscal_year
2034
ex_date

2035-04-26

payment_date_assumed

2035-05-16

old_holder_shares_ex_m
261.967043098
total_shares_ex_m
420.049418633
confirmed
いいえ
80
内容を開く
year
8.470910335
想定日

2035-04-27

金額
0
種類

wdp_dividend_record_date_reassessment

状態

assumed

non_cash
はい
ex_date

2035-04-26

forecast_fiscal_year
2034
confirmed
いいえ
81
内容を開く
year
8.5229295
想定日

2035-05-16

金額
4.732720267
種類

wdp_cash_dividend_old_cohort

状態

forecast_not_declared_as_of_baseline

ex_date

2035-04-26

record_date_assumed

2035-04-27

forecast_fiscal_year
2034
dps_eur
1.806609034
wdp_company_cash_total_oku
7.588650744
eligible_old_shares_m
261.967043098
entitlement_rule

old cohort eligible via ex-date; after ex old buyers do not inherit payout

82
内容を開く
year
8.821355236
想定日

2035-09-02

金額
0
種類

wdp_property_in_kind_stock_issue_dilution

状態

assumed

non_cash
はい
company_in_kind_asset_added_oku
0.34
issued_shares_m
1.466478301
forecast_issue_price_eur
23.184795831
old_holder_share_fraction_after
0.621487932
83
内容を開く
year
8.87063655
想定日

2035-09-20

金額
0.024859517
種類

wdp_pro_rata_tender_buyback_cash_to_old_cohort

状態

unannounced_hypothetical

company_buyback_total_oku
0.04
buyback_shares_m
0.172526859
old_tender_shares_m
0.107223361
ratio_before
0.621487932
forecast_price_eur
23.184795831
84
内容を開く
year
8.90349076
想定日

2035-10-02

金額
0
種類

wdp_third_party_cash_issue_dilution_zero_old_cash

状態

unannounced_hypothetical

non_cash_for_old_holder
はい
company_cash_raised_oku
0.65
issued_shares_m
2.803561458
forecast_price_eur
23.184795831
old_holder_fraction_after
0.61737997
85
内容を開く
year
9.106091718
想定日

2035-12-15

金額
0
種類

wdp_forecast_sbc_share_delivery_zero_old_holder_cash

状態

illustrative_not_disclosed_company_award

non_cash
はい
issued_shares_m
0.039510341
sbc_expense_oku
0.009
equity_credit_oku
0.009
future_share_purchase_oku_if_neutralized
0.009
old_holder_fraction_after
0.617322465
86
内容を開く
year
9.149897331
想定日

2035-12-31

金額
0
種類

fiscal_year_end_valuation_checkpoint

状態

assumed

non_cash
はい
87
内容を開く
year
9.3908282
想定日

2036-03-28

金額
0
種類

wdp_dividend_declaration_reassessment

状態

assumed

non_cash
はい
forecast_fiscal_year
2035
dps_eur
1.884293223
company_liability_accrued_oku
7.992916377
ex_date_assumed

2036-04-24

record_date_assumed

2036-04-25

payment_date_assumed

2036-05-21

confirmed
いいえ
88
内容を開く
year
9.464750171
想定日

2036-04-24

金額
0
種類

wdp_dividend_ex_date_reassessment

状態

assumed

non_cash
はい
forecast_fiscal_year
2035
ex_date

2036-04-24

payment_date_assumed

2036-05-21

old_holder_shares_ex_m
261.859819738
total_shares_ex_m
424.186441874
confirmed
いいえ
89
内容を開く
year
9.467488022
想定日

2036-04-25

金額
0
種類

wdp_dividend_record_date_reassessment

状態

assumed

non_cash
はい
ex_date

2036-04-24

forecast_fiscal_year
2035
confirmed
いいえ
90
内容を開く
year
9.538672142
想定日

2036-05-21

金額
4.934206837
種類

wdp_cash_dividend_old_cohort

状態

forecast_not_declared_as_of_baseline

ex_date

2036-04-24

record_date_assumed

2036-04-25

forecast_fiscal_year
2035
dps_eur
1.884293223
wdp_company_cash_total_oku
7.992916377
eligible_old_shares_m
261.859819738
entitlement_rule

old cohort eligible via ex-date; after ex old buyers do not inherit payout

91
内容を開く
year
9.823408624
想定日

2036-09-02

金額
0
種類

wdp_property_in_kind_stock_issue_dilution

状態

assumed

non_cash
はい
company_in_kind_asset_added_oku
0.288907104
issued_shares_m
1.22167243
forecast_issue_price_eur
23.648491748
old_holder_share_fraction_after
0.615549659
92
内容を開く
year
9.872689938
想定日

2036-09-20

金額
0.020921961
種類

wdp_pro_rata_tender_buyback_cash_to_old_cohort

状態

unannounced_hypothetical

company_buyback_total_oku
0.033989071
buyback_shares_m
0.143726168
old_tender_shares_m
0.088470594
ratio_before
0.615549659
forecast_price_eur
23.648491748
93
内容を開く
year
9.905544148
想定日

2036-10-02

金額
0
種類

wdp_third_party_cash_issue_dilution_zero_old_cash

状態

unannounced_hypothetical

non_cash_for_old_holder
はい
company_cash_raised_oku
0.552322404
issued_shares_m
2.335550234
forecast_price_eur
23.648491748
old_holder_fraction_after
0.612187528
94
内容を開く
year
10.001368925
想定日

2036-11-06

金額
0
種類

exact_10_calendar_year_valuation_date_zero_cash

状態

assumed

non_cash
はい
terminal_value_in_mcap_not_timed_cashflows
はい

その他の数値・前提

merger_completed_in_model
はい
merger_completion_confirmed_as_of_base_date
いいえ
merger_policy

conditional 2027-03-15; only if EGM, tax, regulators, ARGAN special approved and paid; legal title not transferred as-of base date

assumptions
内容を開く
merger
はい
merger_date

2027-03-15

withdrawal_fraction
0
late_argan_fy26_dps
0
organic
0.037
debt_rate
0.026
capex
6.6
dev_yield
0.077
cap
0.0525
dps_g
0.043
kind
0.34
min_issue
0.65
max_ltv
0.43
post_2036_g
0.018
fv0
0.004
low0
0
maint
0.44
extra_admin
0
buyback
0.04
corp_k
0.1
opening_2026_11_06
内容を開く
parent_equity_proxy_oku
55.78055
netdebt_proxy_oku
34.3457
cash_proxy_oku
4.2078
gross_financial_debt_proxy_oku
38.5535
operating_noi_runrate_proxy_oku
4.94522
株数
262567638
old_cohort_ownership
1
merger_accounting_bridge
内容を開く
completion_assumed

2027-03-15

状態

CONDITIONAL_NOT_COMPLETED_ON_BASE_DATE

wda_new_shares
77292981
argan_issued_shares_board
25766939
argan_treasury_updated_2026_10_30
18047
argan_treasury_older_board_report
16717
argan_conditional_free_shares
15435
argan_withdrawal_share_count_assumed
0
argan_cash_compensation_post_special_eur_per_share
60.1
argan_withdrawal_cash_oku
0
argan_special_paid_external_oku
2.83237812
argan_late_fy2026_distribution_to_argan_holders_oku
0
argan_late_fy2026_dividend_eligible_post_dissent_shares
25748892
argan_dissent_settlement_before_fy2026_ex_date_assumed
いいえ
argan_pre_distribution_cash_oku
3.20469
argan_after_external_cash_net_before_bridge_oku
0.37231188
argan_extra_bridge_borrowing_if_cash_short_oku
0
argan_after_external_cash_and_bridge_proxy_oku
0.37231188
argan_net_debt_brought_in_oku
21.89872812
argan_parent_equity_brought_in_oku
21.92571188
argan_property_value_brought_in_oku
43.40502
argan_nci_brought_in_oku
0.41016
merger_transaction_cost_paid_oku
0.25
merger_transaction_cost_tax_relief_assumed_fraction
0
stock_issue_has_no_cash_from_wdp_owners
はい
new_shares_have_fy2026_coupon
はい
new_shares_coupon_number
9
post_special_2026_argan_distribution_separate_from_11eur
いいえ
ppa_unresolved_and_not_recognized_as_verified_ifrs_profit
はい
期間内の親会社利益合計(億)
91.392147248
期間内株主受取
41.368235267
終価
137.151030367
キャッシュフローの算出方法

timed_holder_cashflows_v1

annual_11_periods
内容を開く
1
内容を開く
period_index
0
period_type

first_partial_post_cutoff

fiscal_year
2026
開始日

2026-11-07

終了日

2026-12-31

calendar_days
55
fiscal_denominator_days
365
year_fraction
0.150684932
end_time_years_act365_25
0.150581793
source_data_status

projection_after_2026_11_06

opening_parent_equity_oku
55.78055
opening_net_financial_debt_oku
34.3457
opening_jv_book_oku
3.60908
opening_nci_equity_oku
0
opening_gross_financial_debt_proxy_oku
38.5535
opening_cash_proxy_oku
4.2078
argan_gross_financial_debt_brought_in_oku
0
argan_post_special_cash_brought_in_oku
0
gross_debt_net_issuance_positive_or_repayment_negative_oku
-3.429638971
cash_rollforward_residual_oku
0
opening_wdp_holder_shares_m
262.567638
opening_issuer_shares_m
262.567638
gross_property_noi_oku
0.76501794
corporate_admin_expense_oku
0.039931507
noncash_sbc_expense_in_ifrs_oku
0
depreciation_oku
0.01130137
noncash_property_fair_value_profit_oku
0
ifrs_operating_profit_before_merger_cost_oku
0.713785063
ifrs_merger_cost_recognized_in_operating_profit_oku
0
ifrs_operating_profit_oku
0.713785063
net_finance_expense_oku
0.13164476
equity_accounted_jv_profit_oku
0.031191781
equity_accounted_jv_cash_distributions_received_oku
0.006027397
equity_accounted_jv_new_equity_financing_cash_oku
0.009041096
closing_equity_accounted_jv_book_oku
3.643285479
ifrs_profit_before_tax_oku
0.613332083
ifrs_total_tax_oku
0.015821918
cash_tax_before_merger_cost_deduction_oku
0.015821918
merger_cost_tax_relief_rate_assumed
0
merger_cost_tax_relief_cash_oku
0
pretax_nonmerger_earnings_oku
0.613332083
statutory_pretax_merger_cost_included
はい
of_which_cash_tax_proxy_oku
0.015821918
of_which_non_cash_fair_value_tax_oku
0
argan_integration_transaction_expense_cash_oku
0
nci_profit_oku
0
parent_ifrs_net_income_oku
0.597510166
parent_recurring_earnings_ex_fv_oku
0.597510166
noncash_sbc_cashflow_addback_oku
0
noncash_depreciation_addback_oku
0.01130137
operating_cash_after_finance_tax_before_maintenance_oku
0.583647152
maintenance_capex_cash_oku
0.067808219
sustainable_cash_after_maintenance_before_growth_oku
0.515838933
cash_after_maintenance_and_growth_before_shareholders_oku
-0.237585725
growth_capex_cash_oku
0.753424658
property_sales_cash_oku
0
property_in_kind_noncash_oku
0
forecast_property_in_kind_shares_issued_m
0
issuer_buyback_shares_repur_m
0
nci_dividends_cash_oku
0
nci_profit_annualized_H1_actual_proxy_oku
0
company_dividend_cash_oku
0
company_tender_buyback_cash_oku
0
external_paid_equity_cash_oku
0
new_cash_shares_issued_m
0
argan_merger_shares_issued_m
0
forecast_sbc_shares_delivered_m
0
sbc_equity_credit_oku
0
old_cohort_dividend_received_oku
0
old_cohort_buyback_received_oku
0
old_cohort_total_real_cash_received_oku
0
argan_special_cash_received_by_wdp_old_holders_oku
0
argan_net_debt_brought_in_oku
0
argan_withdrawal_cash_external_oku
0
argan_fy26_delayed_dividend_eligible_shares_after_dissent_buyback
0
argan_late_fy26_distribution_external_oku
0
argan_extra_bridge_debt_included_once_oku
0
argan_parent_equity_brought_in_after_special_oku
0
argan_nci_brought_in_oku
0
closing_parent_equity_oku
56.378060166
closing_net_financial_debt_oku
34.592326821
closing_gross_financial_debt_proxy_oku
35.123861029
closing_cash_proxy_oku
0.531534208
closing_nci_equity_oku
0
closing_carried_property_and_energy_proxy_oku
88.589034658
property_proxy_excludes_JV_book_and_JV_NOI
はい
closing_full_year_property_noi_runrate_oku
5.016394198
closing_issuer_shares_m
262.567638
closing_old_cohort_shares_m
262.567638
closing_old_cohort_fraction
1
model_financial_ltv_proxy
0.390480909
equity_rollforward_residual_oku
0
pretax_profit_bridge_residual_oku
0
assumed_dps_paid_during_period
記載なし
growth_asset_yield_assumption
0.07
organic_noi_growth_assumption
0.025
tax_rate_proxy_not_reported
はい
ifrs_operating_revenue_to_noi_to_parent_bridge
内容を開く
period_start

2026-11-07

期間末

2026-12-31

状態

conditional_forward_imputation_from_model_NOI_not_reported_future_sales

revenue_forecast_verified_by_company
いいえ
exact_future_ifrs_revenue_independently_estimated_oku
未確認
IFRS_line_item_classification_2026_anchor_primary_not_future_assurance
はい
source_wdp

wdp_9m_2026_company_ifrs_pages_42_48_53

source_argan

argan_h1_2026_company_ifrs_page_5

argan_consolidated_only_after_assumed_merger
いいえ
argan_effective_consolidation_days
0
argan_effective_fiscal_fraction
0
ARGAN_2027_cash_distribution_and_3to1_issue_are_not_turnover
はい
wda_noi_assignment_method

Legacy WDP absorbs all new development/in-kind NOI after acquisition; acquired ARGAN NOI follows organic rental growth only; scenario assumption

rental_ifrs_revenue_oku
0.761160735
wdp_rental_ifrs_revenue_oku
0.761160735
argan_rental_ifrs_revenue_oku
0
tenant_charges_recovered_as_income_oku
0.066811558
other_property_income_net_incl_energy_oku
0.05727511
energy_sales_of_wdp_memo_subset_not_additive_oku
0.047665528
early_termination_wdp_memo_subset_not_additive_oku
0.005367909
modeled_positive_ifrs_operating_revenue_lines_oku
0.885247403
leasing_cost_oku
0.000733412
tenant_reimbursable_occupancy_cost_oku
0.084265099
property_technical_expense_oku
0.019804221
energy_operating_cost_allocated_WITHIN_technical_expense_memo_oku
0.005397162
nonenergy_technical_expense_balance_oku
0.014407058
property_commercial_expense_oku
0.00296917
property_management_expense_oku
0.012455471
ARGAN_other_direct_property_expense_oku
0
direct_property_costs_total_EXCLUDING_duplicate_energy_memo_oku
0.120227373
source_table_rounding_allocation_oku
-2.089E-6
net_operating_property_contribution_including_energy_oku
0.76501794
wdp_component_net_operating_contribution_oku
0.76501794
ARGAN_component_net_operating_contribution_oku
0
wdp_company_admin_expense_oku
0.039931507
argan_company_admin_expense_oku
0
model_synergy_reduction_of_admin_oku
0
group_company_admin_expense_after_synergy_oku
0.039931507
wdp_noncash_depreciation_oku
0.01130137
argan_noncash_depreciation_assumed_oku
0
group_noncash_depreciation_oku
0.01130137
group_noncash_stock_comp_expense_oku
0
noncash_property_revaluation_gain_or_loss_oku
0
merger_advisory_cost_expensed_pnl_oku
0
merger_company_equity_direct_fee_if_IFRS32_oku
0
ifrs_operating_profit_oku
0.713785063
net_finance_expense_oku
0.13164476
equity_accounted_JV_profit_outside_IFRS_sales_oku
0.031191781
ifrs_profit_before_tax_oku
0.613332083
ifrs_tax_expense_oku
0.015821918
noncontrolling_interest_profit_oku
0
ifrs_parent_net_profit_oku
0.597510166
maintenance_capex_BS_cash_not_current_revenue_expense_oku
0.067808219
jv_distributions_are_investing_cash_NOT_IFRS_sales_oku
0.006027397
lease_rental_revenue_margin_implied_not_independently_underwritten
はい
source_2026_9m_energy_cost_2583EURk_is_subclassification_within_property_technical_ASSUMED
はい
ifrs_operating_profit_bridge_oku
0.713785063
ifrs_pre_tax_bridge_oku
0.613332084
parent_profit_bridge_oku
0.597510166
revenue_to_NOI_rounding_residual_oku
0
NOI_to_ebit_rounding_residual_oku
0
pbt_to_parent_rounding_residual_oku
0
gross_property_noi_is_not_IFRS_revenue
はい
gross_property_noi_definition

modeled property operating NOI-like contribution, includes energy, after tenant and direct property costs, before G&A; forecast, not audited revenue

2
内容を開く
period_index
1
period_type

full_fiscal_year

fiscal_year
2027
開始日

2027-01-01

終了日

2027-12-31

calendar_days
365
fiscal_denominator_days
365
year_fraction
1
end_time_years_act365_25
1.149897331
source_data_status

projection_after_2026_11_06

opening_parent_equity_oku
56.378060166
opening_net_financial_debt_oku
34.592326821
opening_jv_book_oku
3.643285479
opening_nci_equity_oku
0
opening_gross_financial_debt_proxy_oku
35.123861029
opening_cash_proxy_oku
0.531534208
argan_gross_financial_debt_brought_in_oku
22.27104
argan_post_special_cash_brought_in_oku
0.37231188
gross_debt_net_issuance_positive_or_repayment_negative_oku
3.395404762
cash_rollforward_residual_oku
0
opening_wdp_holder_shares_m
262.567638
opening_issuer_shares_m
262.567638
gross_property_noi_oku
7.07224949
corporate_admin_expense_oku
0.362035
noncash_sbc_expense_in_ifrs_oku
0.009
depreciation_oku
0.091
noncash_property_fair_value_profit_oku
0.493252203
ifrs_operating_profit_before_merger_cost_oku
7.103466693
ifrs_merger_cost_recognized_in_operating_profit_oku
0.25
ifrs_operating_profit_oku
6.853466693
net_finance_expense_oku
1.375486042
equity_accounted_jv_profit_oku
0.207
equity_accounted_jv_cash_distributions_received_oku
0.04
equity_accounted_jv_new_equity_financing_cash_oku
0.06
closing_equity_accounted_jv_book_oku
3.870285479
ifrs_profit_before_tax_oku
5.684980651
ifrs_total_tax_oku
0.17672522
cash_tax_before_merger_cost_deduction_oku
0.1274
merger_cost_tax_relief_rate_assumed
0
merger_cost_tax_relief_cash_oku
0
pretax_nonmerger_earnings_oku
5.934980651
statutory_pretax_merger_cost_included
はい
of_which_cash_tax_proxy_oku
0.1274
of_which_non_cash_fair_value_tax_oku
0.04932522
argan_integration_transaction_expense_cash_oku
0.25
nci_profit_oku
0.04328
parent_ifrs_net_income_oku
5.464975431
parent_recurring_earnings_ex_fv_oku
5.271048448
noncash_sbc_cashflow_addback_oku
0.009
noncash_depreciation_addback_oku
0.091
operating_cash_after_finance_tax_before_maintenance_oku
5.247328448
maintenance_capex_cash_oku
0.568
sustainable_cash_after_maintenance_before_growth_oku
4.679328448
cash_after_maintenance_and_growth_before_shareholders_oku
-1.920671552
growth_capex_cash_oku
6.6
property_sales_cash_oku
0
property_in_kind_noncash_oku
0.34
forecast_property_in_kind_shares_issued_m
1.718213058
issuer_buyback_shares_repur_m
0
nci_dividends_cash_oku
0.0032
nci_profit_annualized_H1_actual_proxy_oku
0.04328
company_dividend_cash_oku
4.384201985
company_tender_buyback_cash_oku
0
external_paid_equity_cash_oku
3.155386528
new_cash_shares_issued_m
15.945959812
argan_merger_shares_issued_m
77.292981
forecast_sbc_shares_delivered_m
0.045571466
sbc_equity_credit_oku
0.009
old_cohort_dividend_received_oku
3.38712253
old_cohort_buyback_received_oku
0
old_cohort_total_real_cash_received_oku
3.38712253
argan_special_cash_received_by_wdp_old_holders_oku
0
argan_net_debt_brought_in_oku
21.89872812
argan_withdrawal_cash_external_oku
0
argan_fy26_delayed_dividend_eligible_shares_after_dissent_buyback
25748892
argan_late_fy26_distribution_external_oku
0
argan_extra_bridge_debt_included_once_oku
0
argan_parent_equity_brought_in_after_special_oku
21.92571188
argan_nci_brought_in_oku
0.41016
closing_parent_equity_oku
82.888932019
closing_net_financial_debt_oku
59.95374195
closing_gross_financial_debt_proxy_oku
60.790305791
closing_cash_proxy_oku
0.836563841
closing_nci_equity_oku
0.45024
closing_carried_property_and_energy_proxy_oku
139.42730686
property_proxy_excludes_JV_book_and_JV_NOI
はい
closing_full_year_property_noi_runrate_oku
7.958040783
closing_issuer_shares_m
357.570363337
closing_old_cohort_shares_m
262.567638
closing_old_cohort_fraction
0.734310404
model_financial_ltv_proxy
0.43
equity_rollforward_residual_oku
0
pretax_profit_bridge_residual_oku
0
assumed_dps_paid_during_period
1
内容を開く
fiscal_year
2026
declaration_date

2027-03-26

ex_date

2027-04-29

record_date

2027-04-30

pay_date

2027-05-19

dps_eur
1.29
old_cash_paid_oku
3.38712253
company_cash_paid_oku
4.384201985
old_shares_entitled_m
262.567638
company_shares_entitled_m
339.860619
company_liability_on_declaration_oku
4.384201985
状態

future_scenario_assumption

growth_asset_yield_assumption
0.077
organic_noi_growth_assumption
0.037
tax_rate_proxy_not_reported
はい
ifrs_operating_revenue_to_noi_to_parent_bridge
内容を開く
period_start

2027-01-01

期間末

2027-12-31

状態

conditional_forward_imputation_from_model_NOI_not_reported_future_sales

revenue_forecast_verified_by_company
いいえ
exact_future_ifrs_revenue_independently_estimated_oku
未確認
IFRS_line_item_classification_2026_anchor_primary_not_future_assurance
はい
source_wdp

wdp_9m_2026_company_ifrs_pages_42_48_53

source_argan

argan_h1_2026_company_ifrs_page_5

argan_consolidated_only_after_assumed_merger
はい
argan_effective_consolidation_days
292
argan_effective_fiscal_fraction
0.8
ARGAN_2027_cash_distribution_and_3to1_issue_are_not_turnover
はい
wda_noi_assignment_method

Legacy WDP absorbs all new development/in-kind NOI after acquisition; acquired ARGAN NOI follows organic rental growth only; scenario assumption

rental_ifrs_revenue_oku
7.024048601
wdp_rental_ifrs_revenue_oku
5.268224601
argan_rental_ifrs_revenue_oku
1.755824
tenant_charges_recovered_as_income_oku
0.983687086
other_property_income_net_incl_energy_oku
0.428130427
energy_sales_of_wdp_memo_subset_not_additive_oku
0.329907597
early_termination_wdp_memo_subset_not_additive_oku
0.037152929
modeled_positive_ifrs_operating_revenue_lines_oku
8.435866114
leasing_cost_oku
0.005076169
tenant_reimbursable_occupancy_cost_oku
1.109704338
property_technical_expense_oku
0.137071024
energy_operating_cost_allocated_WITHIN_technical_expense_memo_oku
0.037355397
nonenergy_technical_expense_balance_oku
0.099715627
property_commercial_expense_oku
0.02055053
property_management_expense_oku
0.0862081
ARGAN_other_direct_property_expense_oku
0.005008
direct_property_costs_total_EXCLUDING_duplicate_energy_memo_oku
1.363618162
source_table_rounding_allocation_oku
1.538E-6
net_operating_property_contribution_including_energy_oku
7.07224949
wdp_component_net_operating_contribution_oku
5.29492149
ARGAN_component_net_operating_contribution_oku
1.777328
wdp_company_admin_expense_oku
0.270035
argan_company_admin_expense_oku
0.092
model_synergy_reduction_of_admin_oku
0
group_company_admin_expense_after_synergy_oku
0.362035
wdp_noncash_depreciation_oku
0.075
argan_noncash_depreciation_assumed_oku
0.016
group_noncash_depreciation_oku
0.091
group_noncash_stock_comp_expense_oku
0.009
noncash_property_revaluation_gain_or_loss_oku
0.493252203
merger_advisory_cost_expensed_pnl_oku
0.25
merger_company_equity_direct_fee_if_IFRS32_oku
0
ifrs_operating_profit_oku
6.853466693
net_finance_expense_oku
1.375486042
equity_accounted_JV_profit_outside_IFRS_sales_oku
0.207
ifrs_profit_before_tax_oku
5.684980651
ifrs_tax_expense_oku
0.17672522
noncontrolling_interest_profit_oku
0.04328
ifrs_parent_net_profit_oku
5.464975431
maintenance_capex_BS_cash_not_current_revenue_expense_oku
0.568
jv_distributions_are_investing_cash_NOT_IFRS_sales_oku
0.04
lease_rental_revenue_margin_implied_not_independently_underwritten
はい
source_2026_9m_energy_cost_2583EURk_is_subclassification_within_property_technical_ASSUMED
はい
ifrs_operating_profit_bridge_oku
6.853466693
ifrs_pre_tax_bridge_oku
5.684980651
parent_profit_bridge_oku
5.464975431
revenue_to_NOI_rounding_residual_oku
0
NOI_to_ebit_rounding_residual_oku
0
pbt_to_parent_rounding_residual_oku
0
gross_property_noi_is_not_IFRS_revenue
はい
gross_property_noi_definition

modeled property operating NOI-like contribution, includes energy, after tenant and direct property costs, before G&A; forecast, not audited revenue

3
内容を開く
period_index
2
period_type

full_fiscal_year

fiscal_year
2028
開始日

2028-01-01

終了日

2028-12-31

calendar_days
366
fiscal_denominator_days
366
year_fraction
1
end_time_years_act365_25
2.151950719
source_data_status

projection_after_2026_11_06

opening_parent_equity_oku
82.888932019
opening_net_financial_debt_oku
59.95374195
opening_jv_book_oku
3.870285479
opening_nci_equity_oku
0.45024
opening_gross_financial_debt_proxy_oku
60.790305791
opening_cash_proxy_oku
0.836563841
argan_gross_financial_debt_brought_in_oku
0
argan_post_special_cash_brought_in_oku
0
gross_debt_net_issuance_positive_or_repayment_negative_oku
2.199345127
cash_rollforward_residual_oku
0
opening_wdp_holder_shares_m
262.567638
opening_issuer_shares_m
357.570363337
gross_property_noi_oku
8.246050848
corporate_admin_expense_oku
0.350165665
noncash_sbc_expense_in_ifrs_oku
0.009
depreciation_oku
0.095
noncash_property_fair_value_profit_oku
0.557709227
ifrs_operating_profit_before_merger_cost_oku
8.34959441
ifrs_merger_cost_recognized_in_operating_profit_oku
0
ifrs_operating_profit_oku
8.34959441
net_finance_expense_oku
1.579656987
equity_accounted_jv_profit_oku
0.207
equity_accounted_jv_cash_distributions_received_oku
0.04
equity_accounted_jv_new_equity_financing_cash_oku
0.06
closing_equity_accounted_jv_book_oku
4.097285479
ifrs_profit_before_tax_oku
6.976937423
ifrs_total_tax_oku
0.188770923
cash_tax_before_merger_cost_deduction_oku
0.133
merger_cost_tax_relief_rate_assumed
0
merger_cost_tax_relief_cash_oku
0
pretax_nonmerger_earnings_oku
6.976937423
statutory_pretax_merger_cost_included
はい
of_which_cash_tax_proxy_oku
0.133
of_which_non_cash_fair_value_tax_oku
0.055770923
argan_integration_transaction_expense_cash_oku
0
nci_profit_oku
0.0541
parent_ifrs_net_income_oku
6.734066501
parent_recurring_earnings_ex_fv_oku
6.232128196
noncash_sbc_cashflow_addback_oku
0.009
noncash_depreciation_addback_oku
0.095
operating_cash_after_finance_tax_before_maintenance_oku
6.223228196
maintenance_capex_cash_oku
0.6
sustainable_cash_after_maintenance_before_growth_oku
5.623228196
cash_after_maintenance_and_growth_before_shareholders_oku
1.437428196
growth_capex_cash_oku
6.6858
property_sales_cash_oku
2.5
property_in_kind_noncash_oku
0.34
forecast_property_in_kind_shares_issued_m
1.684522606
issuer_buyback_shares_repur_m
0
nci_dividends_cash_oku
0.004
nci_profit_annualized_H1_actual_proxy_oku
0.0541
company_dividend_cash_oku
4.811001968
company_tender_buyback_cash_oku
0
external_paid_equity_cash_oku
1.251664804
new_cash_shares_issued_m
6.201346052
argan_merger_shares_issued_m
0
forecast_sbc_shares_delivered_m
0.044765684
sbc_equity_credit_oku
0.009
old_cohort_dividend_received_oku
3.532768799
old_cohort_buyback_received_oku
0
old_cohort_total_real_cash_received_oku
3.532768799
argan_special_cash_received_by_wdp_old_holders_oku
0
argan_net_debt_brought_in_oku
0
argan_withdrawal_cash_external_oku
0
argan_fy26_delayed_dividend_eligible_shares_after_dissent_buyback
0
argan_late_fy26_distribution_external_oku
0
argan_extra_bridge_debt_included_once_oku
0
argan_parent_equity_brought_in_after_special_oku
0
argan_nci_brought_in_oku
0
closing_parent_equity_oku
86.412661356
closing_net_financial_debt_oku
62.139650918
closing_gross_financial_debt_proxy_oku
62.989650918
closing_cash_proxy_oku
0.85
closing_nci_equity_oku
0.50034
closing_carried_property_and_energy_proxy_oku
144.510816088
property_proxy_excludes_JV_book_and_JV_NOI
はい
closing_full_year_property_noi_runrate_oku
8.658474892
closing_issuer_shares_m
365.500997679
closing_old_cohort_shares_m
262.567638
closing_old_cohort_fraction
0.71837735
model_financial_ltv_proxy
0.43
equity_rollforward_residual_oku
0
pretax_profit_bridge_residual_oku
0
assumed_dps_paid_during_period
1
内容を開く
fiscal_year
2027
declaration_date

2028-03-31

ex_date

2028-04-27

record_date

2028-04-28

pay_date

2028-05-17

dps_eur
1.34547
old_cash_paid_oku
3.532768799
company_cash_paid_oku
4.811001968
old_shares_entitled_m
262.567638
company_shares_entitled_m
357.570363337
company_liability_on_declaration_oku
4.811001968
状態

future_scenario_assumption

growth_asset_yield_assumption
0.077
organic_noi_growth_assumption
0.037
tax_rate_proxy_not_reported
はい
ifrs_operating_revenue_to_noi_to_parent_bridge
内容を開く
period_start

2028-01-01

期間末

2028-12-31

状態

conditional_forward_imputation_from_model_NOI_not_reported_future_sales

revenue_forecast_verified_by_company
いいえ
exact_future_ifrs_revenue_independently_estimated_oku
未確認
IFRS_line_item_classification_2026_anchor_primary_not_future_assurance
はい
source_wdp

wdp_9m_2026_company_ifrs_pages_42_48_53

source_argan

argan_h1_2026_company_ifrs_page_5

argan_consolidated_only_after_assumed_merger
はい
argan_effective_consolidation_days
366
argan_effective_fiscal_fraction
1
ARGAN_2027_cash_distribution_and_3to1_issue_are_not_turnover
はい
wda_noi_assignment_method

Legacy WDP absorbs all new development/in-kind NOI after acquisition; acquired ARGAN NOI follows organic rental growth only; scenario assumption

rental_ifrs_revenue_oku
8.188505938
wdp_rental_ifrs_revenue_oku
5.953122508
argan_rental_ifrs_revenue_oku
2.23538343
tenant_charges_recovered_as_income_oku
1.186174837
other_property_income_net_incl_energy_oku
0.488328323
energy_sales_of_wdp_memo_subset_not_additive_oku
0.372797383
early_termination_wdp_memo_subset_not_additive_oku
0.041983012
modeled_positive_ifrs_operating_revenue_lines_oku
9.863009098
leasing_cost_oku
0.005736099
tenant_reimbursable_occupancy_cost_oku
1.32932153
property_technical_expense_oku
0.154891005
energy_operating_cost_allocated_WITHIN_technical_expense_memo_oku
0.042211803
nonenergy_technical_expense_balance_oku
0.112679202
property_commercial_expense_oku
0.023222211
property_management_expense_oku
0.097415623
ARGAN_other_direct_property_expense_oku
0.00637581
direct_property_costs_total_EXCLUDING_duplicate_energy_memo_oku
1.616962277
source_table_rounding_allocation_oku
4.028E-6
net_operating_property_contribution_including_energy_oku
8.246050848
wdp_component_net_operating_contribution_oku
5.983290138
ARGAN_component_net_operating_contribution_oku
2.26276071
wdp_company_admin_expense_oku
0.275165665
argan_company_admin_expense_oku
0.115
model_synergy_reduction_of_admin_oku
0.04
group_company_admin_expense_after_synergy_oku
0.350165665
wdp_noncash_depreciation_oku
0.075
argan_noncash_depreciation_assumed_oku
0.02
group_noncash_depreciation_oku
0.095
group_noncash_stock_comp_expense_oku
0.009
noncash_property_revaluation_gain_or_loss_oku
0.557709227
merger_advisory_cost_expensed_pnl_oku
0
merger_company_equity_direct_fee_if_IFRS32_oku
0
ifrs_operating_profit_oku
8.34959441
net_finance_expense_oku
1.579656987
equity_accounted_JV_profit_outside_IFRS_sales_oku
0.207
ifrs_profit_before_tax_oku
6.976937423
ifrs_tax_expense_oku
0.188770923
noncontrolling_interest_profit_oku
0.0541
ifrs_parent_net_profit_oku
6.734066501
maintenance_capex_BS_cash_not_current_revenue_expense_oku
0.6
jv_distributions_are_investing_cash_NOT_IFRS_sales_oku
0.04
lease_rental_revenue_margin_implied_not_independently_underwritten
はい
source_2026_9m_energy_cost_2583EURk_is_subclassification_within_property_technical_ASSUMED
はい
ifrs_operating_profit_bridge_oku
8.34959441
ifrs_pre_tax_bridge_oku
6.976937423
parent_profit_bridge_oku
6.7340665
revenue_to_NOI_rounding_residual_oku
0
NOI_to_ebit_rounding_residual_oku
0
pbt_to_parent_rounding_residual_oku
-1.0E-9
gross_property_noi_is_not_IFRS_revenue
はい
gross_property_noi_definition

modeled property operating NOI-like contribution, includes energy, after tenant and direct property costs, before G&A; forecast, not audited revenue

4
内容を開く
period_index
3
period_type

full_fiscal_year

fiscal_year
2029
開始日

2029-01-01

終了日

2029-12-31

calendar_days
365
fiscal_denominator_days
365
year_fraction
1
end_time_years_act365_25
3.151266256
source_data_status

projection_after_2026_11_06

opening_parent_equity_oku
86.412661356
opening_net_financial_debt_oku
62.139650918
opening_jv_book_oku
4.097285479
opening_nci_equity_oku
0.50034
opening_gross_financial_debt_proxy_oku
62.989650918
opening_cash_proxy_oku
0.85
argan_gross_financial_debt_brought_in_oku
0
argan_post_special_cash_brought_in_oku
0
gross_debt_net_issuance_positive_or_repayment_negative_oku
3.306546604
cash_rollforward_residual_oku
-0
opening_wdp_holder_shares_m
262.567638
opening_issuer_shares_m
365.500997679
gross_property_noi_oku
9.009005298
corporate_admin_expense_oku
0.355393813
noncash_sbc_expense_in_ifrs_oku
0.009
depreciation_oku
0.095
noncash_property_fair_value_profit_oku
0.578043264
ifrs_operating_profit_before_merger_cost_oku
9.127654749
ifrs_merger_cost_recognized_in_operating_profit_oku
0
ifrs_operating_profit_oku
9.127654749
net_finance_expense_oku
1.636758316
equity_accounted_jv_profit_oku
0.207
equity_accounted_jv_cash_distributions_received_oku
0.04
equity_accounted_jv_new_equity_financing_cash_oku
0.06
closing_equity_accounted_jv_book_oku
4.324285479
ifrs_profit_before_tax_oku
7.697896433
ifrs_total_tax_oku
0.190804326
cash_tax_before_merger_cost_deduction_oku
0.133
merger_cost_tax_relief_rate_assumed
0
merger_cost_tax_relief_cash_oku
0
pretax_nonmerger_earnings_oku
7.697896433
statutory_pretax_merger_cost_included
はい
of_which_cash_tax_proxy_oku
0.133
of_which_non_cash_fair_value_tax_oku
0.057804326
argan_integration_transaction_expense_cash_oku
0
nci_profit_oku
0.0541
parent_ifrs_net_income_oku
7.452992107
parent_recurring_earnings_ex_fv_oku
6.932753169
noncash_sbc_cashflow_addback_oku
0.009
noncash_depreciation_addback_oku
0.095
operating_cash_after_finance_tax_before_maintenance_oku
6.923853169
maintenance_capex_cash_oku
0.6
sustainable_cash_after_maintenance_before_growth_oku
6.323853169
cash_after_maintenance_and_growth_before_shareholders_oku
-0.447746831
growth_capex_cash_oku
6.7716
property_sales_cash_oku
0
property_in_kind_noncash_oku
0.34
forecast_property_in_kind_shares_issued_m
1.651492751
issuer_buyback_shares_repur_m
0
nci_dividends_cash_oku
0.004
nci_profit_annualized_H1_actual_proxy_oku
0.0541
company_dividend_cash_oku
5.129167643
company_tender_buyback_cash_oku
0
external_paid_equity_cash_oku
2.33436787
new_cash_shares_issued_m
11.338798873
argan_merger_shares_issued_m
0
forecast_sbc_shares_delivered_m
0.043974149
sbc_equity_credit_oku
0.009
old_cohort_dividend_received_oku
3.684677857
old_cohort_buyback_received_oku
0
old_cohort_total_real_cash_received_oku
3.684677857
argan_special_cash_received_by_wdp_old_holders_oku
0
argan_net_debt_brought_in_oku
0
argan_withdrawal_cash_external_oku
0
argan_fy26_delayed_dividend_eligible_shares_after_dissent_buyback
0
argan_late_fy26_distribution_external_oku
0
argan_extra_bridge_debt_included_once_oku
0
argan_parent_equity_brought_in_after_special_oku
0
argan_nci_brought_in_oku
0
closing_parent_equity_oku
91.41985369
closing_net_financial_debt_oku
65.446197521
closing_gross_financial_debt_proxy_oku
66.296197521
closing_cash_proxy_oku
0.85
closing_nci_equity_oku
0.55044
closing_carried_property_and_energy_proxy_oku
152.200459352
property_proxy_excludes_JV_book_and_JV_NOI
はい
closing_full_year_property_noi_runrate_oku
9.526431663
closing_issuer_shares_m
378.535263452
closing_old_cohort_shares_m
262.567638
closing_old_cohort_fraction
0.693641157
model_financial_ltv_proxy
0.43
equity_rollforward_residual_oku
0
pretax_profit_bridge_residual_oku
0
assumed_dps_paid_during_period
1
内容を開く
fiscal_year
2028
declaration_date

2029-03-30

ex_date

2029-04-26

record_date

2029-04-27

pay_date

2029-05-16

dps_eur
1.40332521
old_cash_paid_oku
3.684677857
company_cash_paid_oku
5.129167643
old_shares_entitled_m
262.567638
company_shares_entitled_m
365.500997679
company_liability_on_declaration_oku
5.129167643
状態

future_scenario_assumption

growth_asset_yield_assumption
0.077
organic_noi_growth_assumption
0.037
tax_rate_proxy_not_reported
はい
ifrs_operating_revenue_to_noi_to_parent_bridge
内容を開く
period_start

2029-01-01

期間末

2029-12-31

状態

conditional_forward_imputation_from_model_NOI_not_reported_future_sales

revenue_forecast_verified_by_company
いいえ
exact_future_ifrs_revenue_independently_estimated_oku
未確認
IFRS_line_item_classification_2026_anchor_primary_not_future_assurance
はい
source_wdp

wdp_9m_2026_company_ifrs_pages_42_48_53

source_argan

argan_h1_2026_company_ifrs_page_5

argan_consolidated_only_after_assumed_merger
はい
argan_effective_consolidation_days
365
argan_effective_fiscal_fraction
1
ARGAN_2027_cash_distribution_and_3to1_issue_are_not_turnover
はい
wda_noi_assignment_method

Legacy WDP absorbs all new development/in-kind NOI after acquisition; acquired ARGAN NOI follows organic rental growth only; scenario assumption

rental_ifrs_revenue_oku
8.947022753
wdp_rental_ifrs_revenue_oku
6.628930136
argan_rental_ifrs_revenue_oku
2.318092617
tenant_charges_recovered_as_income_oku
1.270048917
other_property_income_net_incl_energy_oku
0.540674675
energy_sales_of_wdp_memo_subset_not_additive_oku
0.415117916
early_termination_wdp_memo_subset_not_additive_oku
0.046748988
modeled_positive_ifrs_operating_revenue_lines_oku
10.757746345
leasing_cost_oku
0.006387269
tenant_reimbursable_occupancy_cost_oku
1.428937692
property_technical_expense_oku
0.17247447
energy_operating_cost_allocated_WITHIN_technical_expense_memo_oku
0.047003751
nonenergy_technical_expense_balance_oku
0.125470718
property_commercial_expense_oku
0.025858432
property_management_expense_oku
0.108474395
ARGAN_other_direct_property_expense_oku
0.006611715
direct_property_costs_total_EXCLUDING_duplicate_energy_memo_oku
1.748743974
source_table_rounding_allocation_oku
2.926E-6
net_operating_property_contribution_including_energy_oku
9.009005298
wdp_component_net_operating_contribution_oku
6.662522442
ARGAN_component_net_operating_contribution_oku
2.346482856
wdp_company_admin_expense_oku
0.280393813
argan_company_admin_expense_oku
0.115
model_synergy_reduction_of_admin_oku
0.04
group_company_admin_expense_after_synergy_oku
0.355393813
wdp_noncash_depreciation_oku
0.075
argan_noncash_depreciation_assumed_oku
0.02
group_noncash_depreciation_oku
0.095
group_noncash_stock_comp_expense_oku
0.009
noncash_property_revaluation_gain_or_loss_oku
0.578043264
merger_advisory_cost_expensed_pnl_oku
0
merger_company_equity_direct_fee_if_IFRS32_oku
0
ifrs_operating_profit_oku
9.127654749
net_finance_expense_oku
1.636758316
equity_accounted_JV_profit_outside_IFRS_sales_oku
0.207
ifrs_profit_before_tax_oku
7.697896433
ifrs_tax_expense_oku
0.190804326
noncontrolling_interest_profit_oku
0.0541
ifrs_parent_net_profit_oku
7.452992107
maintenance_capex_BS_cash_not_current_revenue_expense_oku
0.6
jv_distributions_are_investing_cash_NOT_IFRS_sales_oku
0.04
lease_rental_revenue_margin_implied_not_independently_underwritten
はい
source_2026_9m_energy_cost_2583EURk_is_subclassification_within_property_technical_ASSUMED
はい
ifrs_operating_profit_bridge_oku
9.127654749
ifrs_pre_tax_bridge_oku
7.697896433
parent_profit_bridge_oku
7.452992107
revenue_to_NOI_rounding_residual_oku
0
NOI_to_ebit_rounding_residual_oku
0
pbt_to_parent_rounding_residual_oku
0
gross_property_noi_is_not_IFRS_revenue
はい
gross_property_noi_definition

modeled property operating NOI-like contribution, includes energy, after tenant and direct property costs, before G&A; forecast, not audited revenue

5
内容を開く
period_index
4
period_type

full_fiscal_year

fiscal_year
2030
開始日

2030-01-01

終了日

2030-12-31

calendar_days
365
fiscal_denominator_days
365
year_fraction
1
end_time_years_act365_25
4.150581793
source_data_status

projection_after_2026_11_06

opening_parent_equity_oku
91.41985369
opening_net_financial_debt_oku
65.446197521
opening_jv_book_oku
4.324285479
opening_nci_equity_oku
0.55044
opening_gross_financial_debt_proxy_oku
66.296197521
opening_cash_proxy_oku
0.85
argan_gross_financial_debt_brought_in_oku
0
argan_post_special_cash_brought_in_oku
0
gross_debt_net_issuance_positive_or_repayment_negative_oku
3.094882
cash_rollforward_residual_oku
0
opening_wdp_holder_shares_m
262.567638
opening_issuer_shares_m
378.535263452
gross_property_noi_oku
9.895331579
corporate_admin_expense_oku
0.360721295
noncash_sbc_expense_in_ifrs_oku
0.009
depreciation_oku
0.095
noncash_property_fair_value_profit_oku
0
ifrs_operating_profit_before_merger_cost_oku
9.430610284
ifrs_merger_cost_recognized_in_operating_profit_oku
0
ifrs_operating_profit_oku
9.430610284
net_finance_expense_oku
1.722996224
equity_accounted_jv_profit_oku
0.207
equity_accounted_jv_cash_distributions_received_oku
0.04
equity_accounted_jv_new_equity_financing_cash_oku
0.06
closing_equity_accounted_jv_book_oku
4.551285479
ifrs_profit_before_tax_oku
7.91461406
ifrs_total_tax_oku
0.133
cash_tax_before_merger_cost_deduction_oku
0.133
merger_cost_tax_relief_rate_assumed
0
merger_cost_tax_relief_cash_oku
0
pretax_nonmerger_earnings_oku
7.91461406
statutory_pretax_merger_cost_included
はい
of_which_cash_tax_proxy_oku
0.133
of_which_non_cash_fair_value_tax_oku
0
argan_integration_transaction_expense_cash_oku
0
nci_profit_oku
0.0541
parent_ifrs_net_income_oku
7.72751406
parent_recurring_earnings_ex_fv_oku
7.72751406
noncash_sbc_cashflow_addback_oku
0.009
noncash_depreciation_addback_oku
0.095
operating_cash_after_finance_tax_before_maintenance_oku
7.71861406
maintenance_capex_cash_oku
0.6
sustainable_cash_after_maintenance_before_growth_oku
7.11861406
cash_after_maintenance_and_growth_before_shareholders_oku
0.26121406
growth_capex_cash_oku
6.8574
property_sales_cash_oku
0
property_in_kind_noncash_oku
0.34
forecast_property_in_kind_shares_issued_m
1.61911054
issuer_buyback_shares_repur_m
0.190483593
nci_dividends_cash_oku
0.004
nci_profit_annualized_H1_actual_proxy_oku
0.0541
company_dividend_cash_oku
5.540500254
company_tender_buyback_cash_oku
0.04
external_paid_equity_cash_oku
2.288404194
new_cash_shares_issued_m
10.897586327
argan_merger_shares_issued_m
0
forecast_sbc_shares_delivered_m
0.04319661
sbc_equity_credit_oku
0.009
old_cohort_dividend_received_oku
3.843119005
old_cohort_buyback_received_oku
0.027627475
old_cohort_total_real_cash_received_oku
3.87074648
argan_special_cash_received_by_wdp_old_holders_oku
0
argan_net_debt_brought_in_oku
0
argan_withdrawal_cash_external_oku
0
argan_fy26_delayed_dividend_eligible_shares_after_dissent_buyback
0
argan_late_fy26_distribution_external_oku
0
argan_extra_bridge_debt_included_once_oku
0
argan_parent_equity_brought_in_after_special_oku
0
argan_nci_brought_in_oku
0
closing_parent_equity_oku
96.20427169
closing_net_financial_debt_oku
68.541079521
closing_gross_financial_debt_proxy_oku
69.391079521
closing_cash_proxy_oku
0.85
closing_nci_equity_oku
0.60054
closing_carried_property_and_energy_proxy_oku
159.397859352
property_proxy_excludes_JV_book_and_JV_NOI
はい
closing_full_year_property_noi_runrate_oku
10.433109435
closing_issuer_shares_m
390.904673337
closing_old_cohort_shares_m
262.436073482
closing_old_cohort_fraction
0.671355682
model_financial_ltv_proxy
0.43
equity_rollforward_residual_oku
0
pretax_profit_bridge_residual_oku
0
assumed_dps_paid_during_period
1
内容を開く
fiscal_year
2029
declaration_date

2030-03-29

ex_date

2030-04-25

record_date

2030-04-26

pay_date

2030-05-15

dps_eur
1.463668194
old_cash_paid_oku
3.843119005
company_cash_paid_oku
5.540500254
old_shares_entitled_m
262.567638
company_shares_entitled_m
378.535263452
company_liability_on_declaration_oku
5.540500254
状態

future_scenario_assumption

growth_asset_yield_assumption
0.077
organic_noi_growth_assumption
0.037
tax_rate_proxy_not_reported
はい
ifrs_operating_revenue_to_noi_to_parent_bridge
内容を開く
period_start

2030-01-01

期間末

2030-12-31

状態

conditional_forward_imputation_from_model_NOI_not_reported_future_sales

revenue_forecast_verified_by_company
いいえ
exact_future_ifrs_revenue_independently_estimated_oku
未確認
IFRS_line_item_classification_2026_anchor_primary_not_future_assurance
はい
source_wdp

wdp_9m_2026_company_ifrs_pages_42_48_53

source_argan

argan_h1_2026_company_ifrs_page_5

argan_consolidated_only_after_assumed_merger
はい
argan_effective_consolidation_days
365
argan_effective_fiscal_fraction
1
ARGAN_2027_cash_distribution_and_3to1_issue_are_not_turnover
はい
wda_noi_assignment_method

Legacy WDP absorbs all new development/in-kind NOI after acquisition; acquired ARGAN NOI follows organic rental growth only; scenario assumption

rental_ifrs_revenue_oku
9.8282675
wdp_rental_ifrs_revenue_oku
7.424405456
argan_rental_ifrs_revenue_oku
2.403862044
tenant_charges_recovered_as_income_oku
1.36533545
other_property_income_net_incl_energy_oku
0.602080941
energy_sales_of_wdp_memo_subset_not_additive_oku
0.464932297
early_termination_wdp_memo_subset_not_additive_oku
0.052358893
modeled_positive_ifrs_operating_revenue_lines_oku
11.795683891
leasing_cost_oku
0.007153745
tenant_reimbursable_occupancy_cost_oku
1.542719399
property_technical_expense_oku
0.193171502
energy_operating_cost_allocated_WITHIN_technical_expense_memo_oku
0.052644228
nonenergy_technical_expense_balance_oku
0.140527275
property_commercial_expense_oku
0.028961459
property_management_expense_oku
0.121491383
ARGAN_other_direct_property_expense_oku
0.006856348
direct_property_costs_total_EXCLUDING_duplicate_energy_memo_oku
1.900353837
source_table_rounding_allocation_oku
1.524E-6
net_operating_property_contribution_including_energy_oku
9.895331579
wdp_component_net_operating_contribution_oku
7.462028857
ARGAN_component_net_operating_contribution_oku
2.433302722
wdp_company_admin_expense_oku
0.285721295
argan_company_admin_expense_oku
0.115
model_synergy_reduction_of_admin_oku
0.04
group_company_admin_expense_after_synergy_oku
0.360721295
wdp_noncash_depreciation_oku
0.075
argan_noncash_depreciation_assumed_oku
0.02
group_noncash_depreciation_oku
0.095
group_noncash_stock_comp_expense_oku
0.009
noncash_property_revaluation_gain_or_loss_oku
0
merger_advisory_cost_expensed_pnl_oku
0
merger_company_equity_direct_fee_if_IFRS32_oku
0
ifrs_operating_profit_oku
9.430610284
net_finance_expense_oku
1.722996224
equity_accounted_JV_profit_outside_IFRS_sales_oku
0.207
ifrs_profit_before_tax_oku
7.91461406
ifrs_tax_expense_oku
0.133
noncontrolling_interest_profit_oku
0.0541
ifrs_parent_net_profit_oku
7.72751406
maintenance_capex_BS_cash_not_current_revenue_expense_oku
0.6
jv_distributions_are_investing_cash_NOT_IFRS_sales_oku
0.04
lease_rental_revenue_margin_implied_not_independently_underwritten
はい
source_2026_9m_energy_cost_2583EURk_is_subclassification_within_property_technical_ASSUMED
はい
ifrs_operating_profit_bridge_oku
9.430610284
ifrs_pre_tax_bridge_oku
7.91461406
parent_profit_bridge_oku
7.72751406
revenue_to_NOI_rounding_residual_oku
-0
NOI_to_ebit_rounding_residual_oku
0
pbt_to_parent_rounding_residual_oku
0
gross_property_noi_is_not_IFRS_revenue
はい
gross_property_noi_definition

modeled property operating NOI-like contribution, includes energy, after tenant and direct property costs, before G&A; forecast, not audited revenue

6
内容を開く
period_index
5
period_type

full_fiscal_year

fiscal_year
2031
開始日

2031-01-01

終了日

2031-12-31

calendar_days
365
fiscal_denominator_days
365
year_fraction
1
end_time_years_act365_25
5.149897331
source_data_status

projection_after_2026_11_06

opening_parent_equity_oku
96.20427169
opening_net_financial_debt_oku
68.541079521
opening_jv_book_oku
4.551285479
opening_nci_equity_oku
0.60054
opening_gross_financial_debt_proxy_oku
69.391079521
opening_cash_proxy_oku
0.85
argan_gross_financial_debt_brought_in_oku
0
argan_post_special_cash_brought_in_oku
0
gross_debt_net_issuance_positive_or_repayment_negative_oku
3.131776
cash_rollforward_residual_oku
0
opening_wdp_holder_shares_m
262.436073482
opening_issuer_shares_m
390.904673337
gross_property_noi_oku
10.821095199
corporate_admin_expense_oku
0.36615
noncash_sbc_expense_in_ifrs_oku
0.009
depreciation_oku
0.095
noncash_property_fair_value_profit_oku
0
ifrs_operating_profit_before_merger_cost_oku
10.350945199
ifrs_merger_cost_recognized_in_operating_profit_oku
0
ifrs_operating_profit_oku
10.350945199
net_finance_expense_oku
1.803730852
equity_accounted_jv_profit_oku
0.207
equity_accounted_jv_cash_distributions_received_oku
0.04
equity_accounted_jv_new_equity_financing_cash_oku
0.06
closing_equity_accounted_jv_book_oku
4.778285479
ifrs_profit_before_tax_oku
8.754214348
ifrs_total_tax_oku
0.133
cash_tax_before_merger_cost_deduction_oku
0.133
merger_cost_tax_relief_rate_assumed
0
merger_cost_tax_relief_cash_oku
0
pretax_nonmerger_earnings_oku
8.754214348
statutory_pretax_merger_cost_included
はい
of_which_cash_tax_proxy_oku
0.133
of_which_non_cash_fair_value_tax_oku
0
argan_integration_transaction_expense_cash_oku
0
nci_profit_oku
0.0541
parent_ifrs_net_income_oku
8.567114348
parent_recurring_earnings_ex_fv_oku
8.567114348
noncash_sbc_cashflow_addback_oku
0.009
noncash_depreciation_addback_oku
0.095
operating_cash_after_finance_tax_before_maintenance_oku
8.558214348
maintenance_capex_cash_oku
0.6
sustainable_cash_after_maintenance_before_growth_oku
7.958214348
cash_after_maintenance_and_growth_before_shareholders_oku
1.015014348
growth_capex_cash_oku
6.9432
property_sales_cash_oku
0
property_in_kind_noncash_oku
0.34
forecast_property_in_kind_shares_issued_m
1.587363275
issuer_buyback_shares_repur_m
0.186748621
nci_dividends_cash_oku
0.004
nci_profit_annualized_H1_actual_proxy_oku
0.0541
company_dividend_cash_oku
5.967573908
company_tender_buyback_cash_oku
0.04
external_paid_equity_cash_oku
1.92478356
new_cash_shares_issued_m
8.98626687
argan_merger_shares_issued_m
0
forecast_sbc_shares_delivered_m
0.042432819
sbc_equity_credit_oku
0.009
old_cohort_dividend_received_oku
4.00636465
old_cohort_buyback_received_oku
0.02674562
old_cohort_total_real_cash_received_oku
4.03311027
argan_special_cash_received_by_wdp_old_holders_oku
0
argan_net_debt_brought_in_oku
0
argan_withdrawal_cash_external_oku
0
argan_fy26_delayed_dividend_eligible_shares_after_dissent_buyback
0
argan_late_fy26_distribution_external_oku
0
argan_extra_bridge_debt_included_once_oku
0
argan_parent_equity_brought_in_after_special_oku
0
argan_nci_brought_in_oku
0
closing_parent_equity_oku
101.03759569
closing_net_financial_debt_oku
71.672855521
closing_gross_financial_debt_proxy_oku
72.522855521
closing_cash_proxy_oku
0.85
closing_nci_equity_oku
0.65064
closing_carried_property_and_energy_proxy_oku
166.681059352
property_proxy_excludes_JV_book_and_JV_NOI
はい
closing_full_year_property_noi_runrate_oku
11.379940884
closing_issuer_shares_m
401.333987681
closing_old_cohort_shares_m
262.31120579
closing_old_cohort_fraction
0.653598284
model_financial_ltv_proxy
0.43
equity_rollforward_residual_oku
0
pretax_profit_bridge_residual_oku
0
assumed_dps_paid_during_period
1
内容を開く
fiscal_year
2030
declaration_date

2031-03-28

ex_date

2031-04-24

record_date

2031-04-25

pay_date

2031-05-21

dps_eur
1.526605926
old_cash_paid_oku
4.00636465
company_cash_paid_oku
5.967573908
old_shares_entitled_m
262.436073482
company_shares_entitled_m
390.904673337
company_liability_on_declaration_oku
5.967573908
状態

future_scenario_assumption

growth_asset_yield_assumption
0.077
organic_noi_growth_assumption
0.037
tax_rate_proxy_not_reported
はい
ifrs_operating_revenue_to_noi_to_parent_bridge
内容を開く
period_start

2031-01-01

期間末

2031-12-31

状態

conditional_forward_imputation_from_model_NOI_not_reported_future_sales

revenue_forecast_verified_by_company
いいえ
exact_future_ifrs_revenue_independently_estimated_oku
未確認
IFRS_line_item_classification_2026_anchor_primary_not_future_assurance
はい
source_wdp

wdp_9m_2026_company_ifrs_pages_42_48_53

source_argan

argan_h1_2026_company_ifrs_page_5

argan_consolidated_only_after_assumed_merger
はい
argan_effective_consolidation_days
365
argan_effective_fiscal_fraction
1
ARGAN_2027_cash_distribution_and_3to1_issue_are_not_turnover
はい
wda_noi_assignment_method

Legacy WDP absorbs all new development/in-kind NOI after acquisition; acquired ARGAN NOI follows organic rental growth only; scenario assumption

rental_ifrs_revenue_oku
10.748728074
wdp_rental_ifrs_revenue_oku
8.255923134
argan_rental_ifrs_revenue_oku
2.492804939
tenant_charges_recovered_as_income_oku
1.464727764
other_property_income_net_incl_energy_oku
0.666256605
energy_sales_of_wdp_memo_subset_not_additive_oku
0.517003729
early_termination_wdp_memo_subset_not_additive_oku
0.058222978
modeled_positive_ifrs_operating_revenue_lines_oku
12.879712442
leasing_cost_oku
0.00795495
tenant_reimbursable_occupancy_cost_oku
1.66144277
property_technical_expense_oku
0.214806301
energy_operating_cost_allocated_WITHIN_technical_expense_memo_oku
0.05854027
nonenergy_technical_expense_balance_oku
0.156266032
property_commercial_expense_oku
0.032205081
property_management_expense_oku
0.13509816
ARGAN_other_direct_property_expense_oku
0.007110033
direct_property_costs_total_EXCLUDING_duplicate_energy_memo_oku
2.058617295
source_table_rounding_allocation_oku
5.2E-8
net_operating_property_contribution_including_energy_oku
10.821095199
wdp_component_net_operating_contribution_oku
8.297760276
ARGAN_component_net_operating_contribution_oku
2.523334923
wdp_company_admin_expense_oku
0.29115
argan_company_admin_expense_oku
0.115
model_synergy_reduction_of_admin_oku
0.04
group_company_admin_expense_after_synergy_oku
0.36615
wdp_noncash_depreciation_oku
0.075
argan_noncash_depreciation_assumed_oku
0.02
group_noncash_depreciation_oku
0.095
group_noncash_stock_comp_expense_oku
0.009
noncash_property_revaluation_gain_or_loss_oku
0
merger_advisory_cost_expensed_pnl_oku
0
merger_company_equity_direct_fee_if_IFRS32_oku
0
ifrs_operating_profit_oku
10.350945199
net_finance_expense_oku
1.803730852
equity_accounted_JV_profit_outside_IFRS_sales_oku
0.207
ifrs_profit_before_tax_oku
8.754214348
ifrs_tax_expense_oku
0.133
noncontrolling_interest_profit_oku
0.0541
ifrs_parent_net_profit_oku
8.567114348
maintenance_capex_BS_cash_not_current_revenue_expense_oku
0.6
jv_distributions_are_investing_cash_NOT_IFRS_sales_oku
0.04
lease_rental_revenue_margin_implied_not_independently_underwritten
はい
source_2026_9m_energy_cost_2583EURk_is_subclassification_within_property_technical_ASSUMED
はい
ifrs_operating_profit_bridge_oku
10.350945199
ifrs_pre_tax_bridge_oku
8.754214347
parent_profit_bridge_oku
8.567114347
revenue_to_NOI_rounding_residual_oku
-0
NOI_to_ebit_rounding_residual_oku
0
pbt_to_parent_rounding_residual_oku
-1.0E-9
gross_property_noi_is_not_IFRS_revenue
はい
gross_property_noi_definition

modeled property operating NOI-like contribution, includes energy, after tenant and direct property costs, before G&A; forecast, not audited revenue

7
内容を開く
period_index
6
period_type

full_fiscal_year

fiscal_year
2032
開始日

2032-01-01

終了日

2032-12-31

calendar_days
366
fiscal_denominator_days
366
year_fraction
1
end_time_years_act365_25
6.151950719
source_data_status

projection_after_2026_11_06

opening_parent_equity_oku
101.03759569
opening_net_financial_debt_oku
71.672855521
opening_jv_book_oku
4.778285479
opening_nci_equity_oku
0.65064
opening_gross_financial_debt_proxy_oku
72.522855521
opening_cash_proxy_oku
0.85
argan_gross_financial_debt_brought_in_oku
0
argan_post_special_cash_brought_in_oku
0
gross_debt_net_issuance_positive_or_repayment_negative_oku
3.16867
cash_rollforward_residual_oku
-0
opening_wdp_holder_shares_m
262.31120579
opening_issuer_shares_m
401.333987681
gross_property_noi_oku
11.78775534
corporate_admin_expense_oku
0.37168185
noncash_sbc_expense_in_ifrs_oku
0.009
depreciation_oku
0.095
noncash_property_fair_value_profit_oku
0
ifrs_operating_profit_before_merger_cost_oku
11.31207349
ifrs_merger_cost_recognized_in_operating_profit_oku
0
ifrs_operating_profit_oku
11.31207349
net_finance_expense_oku
1.885424724
equity_accounted_jv_profit_oku
0.207
equity_accounted_jv_cash_distributions_received_oku
0.04
equity_accounted_jv_new_equity_financing_cash_oku
0.06
closing_equity_accounted_jv_book_oku
5.005285479
ifrs_profit_before_tax_oku
9.633648767
ifrs_total_tax_oku
0.133
cash_tax_before_merger_cost_deduction_oku
0.133
merger_cost_tax_relief_rate_assumed
0
merger_cost_tax_relief_cash_oku
0
pretax_nonmerger_earnings_oku
9.633648767
statutory_pretax_merger_cost_included
はい
of_which_cash_tax_proxy_oku
0.133
of_which_non_cash_fair_value_tax_oku
0
argan_integration_transaction_expense_cash_oku
0
nci_profit_oku
0.0541
parent_ifrs_net_income_oku
9.446548767
parent_recurring_earnings_ex_fv_oku
9.446548767
noncash_sbc_cashflow_addback_oku
0.009
noncash_depreciation_addback_oku
0.095
operating_cash_after_finance_tax_before_maintenance_oku
9.437648767
maintenance_capex_cash_oku
0.6
sustainable_cash_after_maintenance_before_growth_oku
8.837648767
cash_after_maintenance_and_growth_before_shareholders_oku
1.808648767
growth_capex_cash_oku
7.029
property_sales_cash_oku
0
property_in_kind_noncash_oku
0.34
forecast_property_in_kind_shares_issued_m
1.556238505
issuer_buyback_shares_repur_m
0.183086883
nci_dividends_cash_oku
0.004
nci_profit_annualized_H1_actual_proxy_oku
0.0541
company_dividend_cash_oku
6.390240343
company_tender_buyback_cash_oku
0.04
external_paid_equity_cash_oku
1.516921576
new_cash_shares_issued_m
6.943211074
argan_merger_shares_issued_m
0
forecast_sbc_shares_delivered_m
0.041682534
sbc_equity_credit_oku
0.009
old_cohort_dividend_received_oku
4.176650124
old_cohort_buyback_received_oku
0.026042946
old_cohort_total_real_cash_received_oku
4.20269307
argan_special_cash_received_by_wdp_old_holders_oku
0
argan_net_debt_brought_in_oku
0
argan_withdrawal_cash_external_oku
0
argan_fy26_delayed_dividend_eligible_shares_after_dissent_buyback
0
argan_late_fy26_distribution_external_oku
0
argan_extra_bridge_debt_included_once_oku
0
argan_parent_equity_brought_in_after_special_oku
0
argan_nci_brought_in_oku
0
closing_parent_equity_oku
105.91982569
closing_net_financial_debt_oku
74.841525521
closing_gross_financial_debt_proxy_oku
75.691525521
closing_cash_proxy_oku
0.85
closing_nci_equity_oku
0.70074
closing_carried_property_and_energy_proxy_oku
174.050059352
property_proxy_excludes_JV_book_and_JV_NOI
はい
closing_full_year_property_noi_runrate_oku
12.368411696
closing_issuer_shares_m
409.692032911
closing_old_cohort_shares_m
262.192002747
closing_old_cohort_fraction
0.639973399
model_financial_ltv_proxy
0.43
equity_rollforward_residual_oku
0
pretax_profit_bridge_residual_oku
0
assumed_dps_paid_during_period
1
内容を開く
fiscal_year
2031
declaration_date

2032-03-26

ex_date

2032-04-29

record_date

2032-04-30

pay_date

2032-05-19

dps_eur
1.592249981
old_cash_paid_oku
4.176650124
company_cash_paid_oku
6.390240343
old_shares_entitled_m
262.31120579
company_shares_entitled_m
401.333987681
company_liability_on_declaration_oku
6.390240343
状態

future_scenario_assumption

growth_asset_yield_assumption
0.077
organic_noi_growth_assumption
0.037
tax_rate_proxy_not_reported
はい
ifrs_operating_revenue_to_noi_to_parent_bridge
内容を開く
period_start

2032-01-01

期間末

2032-12-31

状態

conditional_forward_imputation_from_model_NOI_not_reported_future_sales

revenue_forecast_verified_by_company
いいえ
exact_future_ifrs_revenue_independently_estimated_oku
未確認
IFRS_line_item_classification_2026_anchor_primary_not_future_assurance
はい
source_wdp

wdp_9m_2026_company_ifrs_pages_42_48_53

source_argan

argan_h1_2026_company_ifrs_page_5

argan_consolidated_only_after_assumed_merger
はい
argan_effective_consolidation_days
366
argan_effective_fiscal_fraction
1
ARGAN_2027_cash_distribution_and_3to1_issue_are_not_turnover
はい
wda_noi_assignment_method

Legacy WDP absorbs all new development/in-kind NOI after acquisition; acquired ARGAN NOI follows organic rental growth only; scenario assumption

rental_ifrs_revenue_oku
11.70985546
wdp_rental_ifrs_revenue_oku
9.124816738
argan_rental_ifrs_revenue_oku
2.585038722
tenant_charges_recovered_as_income_oku
1.568377772
other_property_income_net_incl_energy_oku
0.733304134
energy_sales_of_wdp_memo_subset_not_additive_oku
0.571415723
early_termination_wdp_memo_subset_not_additive_oku
0.064350648
modeled_positive_ifrs_operating_revenue_lines_oku
14.011537366
leasing_cost_oku
0.008792167
tenant_reimbursable_occupancy_cost_oku
1.785290648
property_technical_expense_oku
0.237413564
energy_operating_cost_allocated_WITHIN_technical_expense_memo_oku
0.064701333
nonenergy_technical_expense_balance_oku
0.172712231
property_commercial_expense_oku
0.0355945
property_management_expense_oku
0.149316549
ARGAN_other_direct_property_expense_oku
0.007373105
direct_property_costs_total_EXCLUDING_duplicate_energy_memo_oku
2.223780533
source_table_rounding_allocation_oku
-1.493E-6
net_operating_property_contribution_including_energy_oku
11.78775534
wdp_component_net_operating_contribution_oku
9.171057025
ARGAN_component_net_operating_contribution_oku
2.616698315
wdp_company_admin_expense_oku
0.29668185
argan_company_admin_expense_oku
0.115
model_synergy_reduction_of_admin_oku
0.04
group_company_admin_expense_after_synergy_oku
0.37168185
wdp_noncash_depreciation_oku
0.075
argan_noncash_depreciation_assumed_oku
0.02
group_noncash_depreciation_oku
0.095
group_noncash_stock_comp_expense_oku
0.009
noncash_property_revaluation_gain_or_loss_oku
0
merger_advisory_cost_expensed_pnl_oku
0
merger_company_equity_direct_fee_if_IFRS32_oku
0
ifrs_operating_profit_oku
11.31207349
net_finance_expense_oku
1.885424724
equity_accounted_JV_profit_outside_IFRS_sales_oku
0.207
ifrs_profit_before_tax_oku
9.633648767
ifrs_tax_expense_oku
0.133
noncontrolling_interest_profit_oku
0.0541
ifrs_parent_net_profit_oku
9.446548767
maintenance_capex_BS_cash_not_current_revenue_expense_oku
0.6
jv_distributions_are_investing_cash_NOT_IFRS_sales_oku
0.04
lease_rental_revenue_margin_implied_not_independently_underwritten
はい
source_2026_9m_energy_cost_2583EURk_is_subclassification_within_property_technical_ASSUMED
はい
ifrs_operating_profit_bridge_oku
11.31207349
ifrs_pre_tax_bridge_oku
9.633648766
parent_profit_bridge_oku
9.446548766
revenue_to_NOI_rounding_residual_oku
0
NOI_to_ebit_rounding_residual_oku
0
pbt_to_parent_rounding_residual_oku
-1.0E-9
gross_property_noi_is_not_IFRS_revenue
はい
gross_property_noi_definition

modeled property operating NOI-like contribution, includes energy, after tenant and direct property costs, before G&A; forecast, not audited revenue

8
内容を開く
period_index
7
period_type

full_fiscal_year

fiscal_year
2033
開始日

2033-01-01

終了日

2033-12-31

calendar_days
365
fiscal_denominator_days
365
year_fraction
1
end_time_years_act365_25
7.151266256
source_data_status

projection_after_2026_11_06

opening_parent_equity_oku
105.91982569
opening_net_financial_debt_oku
74.841525521
opening_jv_book_oku
5.005285479
opening_nci_equity_oku
0.70074
opening_gross_financial_debt_proxy_oku
75.691525521
opening_cash_proxy_oku
0.85
argan_gross_financial_debt_brought_in_oku
0
argan_post_special_cash_brought_in_oku
0
gross_debt_net_issuance_positive_or_repayment_negative_oku
3.205564
cash_rollforward_residual_oku
0
opening_wdp_holder_shares_m
262.192002747
opening_issuer_shares_m
409.692032911
gross_property_noi_oku
12.796825173
corporate_admin_expense_oku
0.377318805
noncash_sbc_expense_in_ifrs_oku
0.009
depreciation_oku
0.095
noncash_property_fair_value_profit_oku
0
ifrs_operating_profit_before_merger_cost_oku
12.315506368
ifrs_merger_cost_recognized_in_operating_profit_oku
0
ifrs_operating_profit_oku
12.315506368
net_finance_expense_oku
1.96807784
equity_accounted_jv_profit_oku
0.207
equity_accounted_jv_cash_distributions_received_oku
0.04
equity_accounted_jv_new_equity_financing_cash_oku
0.06
closing_equity_accounted_jv_book_oku
5.232285479
ifrs_profit_before_tax_oku
10.554428528
ifrs_total_tax_oku
0.133
cash_tax_before_merger_cost_deduction_oku
0.133
merger_cost_tax_relief_rate_assumed
0
merger_cost_tax_relief_cash_oku
0
pretax_nonmerger_earnings_oku
10.554428528
statutory_pretax_merger_cost_included
はい
of_which_cash_tax_proxy_oku
0.133
of_which_non_cash_fair_value_tax_oku
0
argan_integration_transaction_expense_cash_oku
0
nci_profit_oku
0.0541
parent_ifrs_net_income_oku
10.367328528
parent_recurring_earnings_ex_fv_oku
10.367328528
noncash_sbc_cashflow_addback_oku
0.009
noncash_depreciation_addback_oku
0.095
operating_cash_after_finance_tax_before_maintenance_oku
10.358428528
maintenance_capex_cash_oku
0.6
sustainable_cash_after_maintenance_before_growth_oku
9.758428528
cash_after_maintenance_and_growth_before_shareholders_oku
2.643628528
growth_capex_cash_oku
7.1148
property_sales_cash_oku
0
property_in_kind_noncash_oku
0.34
forecast_property_in_kind_shares_issued_m
1.525724024
issuer_buyback_shares_repur_m
0.179496944
nci_dividends_cash_oku
0.004
nci_profit_annualized_H1_actual_proxy_oku
0.0541
company_dividend_cash_oku
6.803824132
company_tender_buyback_cash_oku
0.04
external_paid_equity_cash_oku
1.058631604
new_cash_shares_issued_m
4.750528443
argan_merger_shares_issued_m
0
forecast_sbc_shares_delivered_m
0.040945515
sbc_equity_credit_oku
0.009
old_cohort_dividend_received_oku
4.354266454
old_cohort_buyback_received_oku
0.025503957
old_cohort_total_real_cash_received_oku
4.379770412
argan_special_cash_received_by_wdp_old_holders_oku
0
argan_net_debt_brought_in_oku
0
argan_withdrawal_cash_external_oku
0
argan_fy26_delayed_dividend_eligible_shares_after_dissent_buyback
0
argan_late_fy26_distribution_external_oku
0
argan_extra_bridge_debt_included_once_oku
0
argan_parent_equity_brought_in_after_special_oku
0
argan_nci_brought_in_oku
0
closing_parent_equity_oku
110.85096169
closing_net_financial_debt_oku
78.047089521
closing_gross_financial_debt_proxy_oku
78.897089521
closing_cash_proxy_oku
0.85
closing_nci_equity_oku
0.75084
closing_carried_property_and_energy_proxy_oku
181.504859352
property_proxy_excludes_JV_book_and_JV_NOI
はい
closing_full_year_property_noi_runrate_oku
13.400062529
closing_issuer_shares_m
415.829733948
closing_old_cohort_shares_m
262.077555687
closing_old_cohort_fraction
0.630252082
model_financial_ltv_proxy
0.43
equity_rollforward_residual_oku
0
pretax_profit_bridge_residual_oku
0
assumed_dps_paid_during_period
1
内容を開く
fiscal_year
2032
declaration_date

2033-03-25

ex_date

2033-04-28

record_date

2033-04-29

pay_date

2033-05-18

dps_eur
1.66071673
old_cash_paid_oku
4.354266454
company_cash_paid_oku
6.803824132
old_shares_entitled_m
262.192002747
company_shares_entitled_m
409.692032911
company_liability_on_declaration_oku
6.803824132
状態

future_scenario_assumption

growth_asset_yield_assumption
0.077
organic_noi_growth_assumption
0.037
tax_rate_proxy_not_reported
はい
ifrs_operating_revenue_to_noi_to_parent_bridge
内容を開く
period_start

2033-01-01

期間末

2033-12-31

状態

conditional_forward_imputation_from_model_NOI_not_reported_future_sales

revenue_forecast_verified_by_company
いいえ
exact_future_ifrs_revenue_independently_estimated_oku
未確認
IFRS_line_item_classification_2026_anchor_primary_not_future_assurance
はい
source_wdp

wdp_9m_2026_company_ifrs_pages_42_48_53

source_argan

argan_h1_2026_company_ifrs_page_5

argan_consolidated_only_after_assumed_merger
はい
argan_effective_consolidation_days
365
argan_effective_fiscal_fraction
1
ARGAN_2027_cash_distribution_and_3to1_issue_are_not_turnover
はい
wda_noi_assignment_method

Legacy WDP absorbs all new development/in-kind NOI after acquisition; acquired ARGAN NOI follows organic rental growth only; scenario assumption

rental_ifrs_revenue_oku
12.713154332
wdp_rental_ifrs_revenue_oku
10.032469177
argan_rental_ifrs_revenue_oku
2.680685155
tenant_charges_recovered_as_income_oku
1.676443008
other_property_income_net_incl_energy_oku
0.803329788
energy_sales_of_wdp_memo_subset_not_additive_oku
0.628254878
early_termination_wdp_memo_subset_not_additive_oku
0.070751656
modeled_positive_ifrs_operating_revenue_lines_oku
15.192927128
leasing_cost_oku
0.009666731
tenant_reimbursable_occupancy_cost_oku
1.914452639
property_technical_expense_oku
0.261029271
energy_operating_cost_allocated_WITHIN_technical_expense_memo_oku
0.071137224
nonenergy_technical_expense_balance_oku
0.189892047
property_commercial_expense_oku
0.039135112
property_management_expense_oku
0.16416918
ARGAN_other_direct_property_expense_oku
0.007645909
direct_property_costs_total_EXCLUDING_duplicate_energy_memo_oku
2.396098842
source_table_rounding_allocation_oku
-3.113E-6
net_operating_property_contribution_including_energy_oku
12.796825173
wdp_component_net_operating_contribution_oku
10.083309021
ARGAN_component_net_operating_contribution_oku
2.713516152
wdp_company_admin_expense_oku
0.302318805
argan_company_admin_expense_oku
0.115
model_synergy_reduction_of_admin_oku
0.04
group_company_admin_expense_after_synergy_oku
0.377318805
wdp_noncash_depreciation_oku
0.075
argan_noncash_depreciation_assumed_oku
0.02
group_noncash_depreciation_oku
0.095
group_noncash_stock_comp_expense_oku
0.009
noncash_property_revaluation_gain_or_loss_oku
0
merger_advisory_cost_expensed_pnl_oku
0
merger_company_equity_direct_fee_if_IFRS32_oku
0
ifrs_operating_profit_oku
12.315506368
net_finance_expense_oku
1.96807784
equity_accounted_JV_profit_outside_IFRS_sales_oku
0.207
ifrs_profit_before_tax_oku
10.554428528
ifrs_tax_expense_oku
0.133
noncontrolling_interest_profit_oku
0.0541
ifrs_parent_net_profit_oku
10.367328528
maintenance_capex_BS_cash_not_current_revenue_expense_oku
0.6
jv_distributions_are_investing_cash_NOT_IFRS_sales_oku
0.04
lease_rental_revenue_margin_implied_not_independently_underwritten
はい
source_2026_9m_energy_cost_2583EURk_is_subclassification_within_property_technical_ASSUMED
はい
ifrs_operating_profit_bridge_oku
12.315506368
ifrs_pre_tax_bridge_oku
10.554428528
parent_profit_bridge_oku
10.367328528
revenue_to_NOI_rounding_residual_oku
0
NOI_to_ebit_rounding_residual_oku
0
pbt_to_parent_rounding_residual_oku
0
gross_property_noi_is_not_IFRS_revenue
はい
gross_property_noi_definition

modeled property operating NOI-like contribution, includes energy, after tenant and direct property costs, before G&A; forecast, not audited revenue

9
内容を開く
period_index
8
period_type

full_fiscal_year

fiscal_year
2034
開始日

2034-01-01

終了日

2034-12-31

calendar_days
365
fiscal_denominator_days
365
year_fraction
1
end_time_years_act365_25
8.150581793
source_data_status

projection_after_2026_11_06

opening_parent_equity_oku
110.85096169
opening_net_financial_debt_oku
78.047089521
opening_jv_book_oku
5.232285479
opening_nci_equity_oku
0.75084
opening_gross_financial_debt_proxy_oku
78.897089521
opening_cash_proxy_oku
0.85
argan_gross_financial_debt_brought_in_oku
0
argan_post_special_cash_brought_in_oku
0
gross_debt_net_issuance_positive_or_repayment_negative_oku
3.135180589
cash_rollforward_residual_oku
-0
opening_wdp_holder_shares_m
262.077555687
opening_issuer_shares_m
415.829733948
gross_property_noi_oku
13.849873856
corporate_admin_expense_oku
0.383062862
noncash_sbc_expense_in_ifrs_oku
0.009
depreciation_oku
0.095
noncash_property_fair_value_profit_oku
0
ifrs_operating_profit_before_merger_cost_oku
13.362810994
ifrs_merger_cost_recognized_in_operating_profit_oku
0
ifrs_operating_profit_oku
13.362810994
net_finance_expense_oku
2.0516902
equity_accounted_jv_profit_oku
0.207
equity_accounted_jv_cash_distributions_received_oku
0.04
equity_accounted_jv_new_equity_financing_cash_oku
0.06
closing_equity_accounted_jv_book_oku
5.459285479
ifrs_profit_before_tax_oku
11.518120794
ifrs_total_tax_oku
0.133
cash_tax_before_merger_cost_deduction_oku
0.133
merger_cost_tax_relief_rate_assumed
0
merger_cost_tax_relief_cash_oku
0
pretax_nonmerger_earnings_oku
11.518120794
statutory_pretax_merger_cost_included
はい
of_which_cash_tax_proxy_oku
0.133
of_which_non_cash_fair_value_tax_oku
0
argan_integration_transaction_expense_cash_oku
0
nci_profit_oku
0.0541
parent_ifrs_net_income_oku
11.331020794
parent_recurring_earnings_ex_fv_oku
11.331020794
noncash_sbc_cashflow_addback_oku
0.009
noncash_depreciation_addback_oku
0.095
operating_cash_after_finance_tax_before_maintenance_oku
11.322120794
maintenance_capex_cash_oku
0.6
sustainable_cash_after_maintenance_before_growth_oku
10.722120794
cash_after_maintenance_and_growth_before_shareholders_oku
3.521520794
growth_capex_cash_oku
7.2006
property_sales_cash_oku
0
property_in_kind_noncash_oku
0.34
forecast_property_in_kind_shares_issued_m
1.495807867
issuer_buyback_shares_repur_m
0.175977396
nci_dividends_cash_oku
0.004
nci_profit_annualized_H1_actual_proxy_oku
0.0541
company_dividend_cash_oku
7.202701383
company_tender_buyback_cash_oku
0.04
external_paid_equity_cash_oku
0.65
new_cash_shares_issued_m
2.859632687
argan_merger_shares_issued_m
0
forecast_sbc_shares_delivered_m
0.040221527
sbc_equity_credit_oku
0.009
old_cohort_dividend_received_oku
4.539517544
old_cohort_buyback_received_oku
0.025119724
old_cohort_total_real_cash_received_oku
4.564637268
argan_special_cash_received_by_wdp_old_holders_oku
0
argan_net_debt_brought_in_oku
0
argan_withdrawal_cash_external_oku
0
argan_fy26_delayed_dividend_eligible_shares_after_dissent_buyback
0
argan_late_fy26_distribution_external_oku
0
argan_extra_bridge_debt_included_once_oku
0
argan_parent_equity_brought_in_after_special_oku
0
argan_nci_brought_in_oku
0
closing_parent_equity_oku
115.938281101
closing_net_financial_debt_oku
81.18227011
closing_gross_financial_debt_proxy_oku
82.03227011
closing_cash_proxy_oku
0.85
closing_nci_equity_oku
0.80094
closing_carried_property_and_energy_proxy_oku
189.045459352
property_proxy_excludes_JV_book_and_JV_NOI
はい
closing_full_year_property_noi_runrate_oku
14.476491043
closing_issuer_shares_m
420.049418633
closing_old_cohort_shares_m
261.967043098
closing_old_cohort_fraction
0.623657673
model_financial_ltv_proxy
0.429432531
equity_rollforward_residual_oku
0
pretax_profit_bridge_residual_oku
0
assumed_dps_paid_during_period
1
内容を開く
fiscal_year
2033
declaration_date

2034-03-31

ex_date

2034-04-27

record_date

2034-04-28

pay_date

2034-05-17

dps_eur
1.73212755
old_cash_paid_oku
4.539517544
company_cash_paid_oku
7.202701383
old_shares_entitled_m
262.077555687
company_shares_entitled_m
415.829733948
company_liability_on_declaration_oku
7.202701383
状態

future_scenario_assumption

growth_asset_yield_assumption
0.077
organic_noi_growth_assumption
0.037
tax_rate_proxy_not_reported
はい
ifrs_operating_revenue_to_noi_to_parent_bridge
内容を開く
period_start

2034-01-01

期間末

2034-12-31

状態

conditional_forward_imputation_from_model_NOI_not_reported_future_sales

revenue_forecast_verified_by_company
いいえ
exact_future_ifrs_revenue_independently_estimated_oku
未確認
IFRS_line_item_classification_2026_anchor_primary_not_future_assurance
はい
source_wdp

wdp_9m_2026_company_ifrs_pages_42_48_53

source_argan

argan_h1_2026_company_ifrs_page_5

argan_consolidated_only_after_assumed_merger
はい
argan_effective_consolidation_days
365
argan_effective_fiscal_fraction
1
ARGAN_2027_cash_distribution_and_3to1_issue_are_not_turnover
はい
wda_noi_assignment_method

Legacy WDP absorbs all new development/in-kind NOI after acquisition; acquired ARGAN NOI follows organic rental growth only; scenario assumption

rental_ifrs_revenue_oku
13.760185033
wdp_rental_ifrs_revenue_oku
10.980314527
argan_rental_ifrs_revenue_oku
2.779870506
tenant_charges_recovered_as_income_oku
1.789086837
other_property_income_net_incl_energy_oku
0.876443756
energy_sales_of_wdp_memo_subset_not_additive_oku
0.687611
early_termination_wdp_memo_subset_not_additive_oku
0.077436115
modeled_positive_ifrs_operating_revenue_lines_oku
16.425715626
leasing_cost_oku
0.010580022
tenant_reimbursable_occupancy_cost_oku
2.049125365
property_technical_expense_oku
0.285690735
energy_operating_cost_allocated_WITHIN_technical_expense_memo_oku
0.07785811
nonenergy_technical_expense_balance_oku
0.207832625
property_commercial_expense_oku
0.042832511
property_management_expense_oku
0.179679518
ARGAN_other_direct_property_expense_oku
0.007928808
direct_property_costs_total_EXCLUDING_duplicate_energy_memo_oku
2.57583696
source_table_rounding_allocation_oku
-4.811E-6
net_operating_property_contribution_including_energy_oku
13.849873856
wdp_component_net_operating_contribution_oku
11.035957606
ARGAN_component_net_operating_contribution_oku
2.81391625
wdp_company_admin_expense_oku
0.308062862
argan_company_admin_expense_oku
0.115
model_synergy_reduction_of_admin_oku
0.04
group_company_admin_expense_after_synergy_oku
0.383062862
wdp_noncash_depreciation_oku
0.075
argan_noncash_depreciation_assumed_oku
0.02
group_noncash_depreciation_oku
0.095
group_noncash_stock_comp_expense_oku
0.009
noncash_property_revaluation_gain_or_loss_oku
0
merger_advisory_cost_expensed_pnl_oku
0
merger_company_equity_direct_fee_if_IFRS32_oku
0
ifrs_operating_profit_oku
13.362810994
net_finance_expense_oku
2.0516902
equity_accounted_JV_profit_outside_IFRS_sales_oku
0.207
ifrs_profit_before_tax_oku
11.518120794
ifrs_tax_expense_oku
0.133
noncontrolling_interest_profit_oku
0.0541
ifrs_parent_net_profit_oku
11.331020794
maintenance_capex_BS_cash_not_current_revenue_expense_oku
0.6
jv_distributions_are_investing_cash_NOT_IFRS_sales_oku
0.04
lease_rental_revenue_margin_implied_not_independently_underwritten
はい
source_2026_9m_energy_cost_2583EURk_is_subclassification_within_property_technical_ASSUMED
はい
ifrs_operating_profit_bridge_oku
13.362810994
ifrs_pre_tax_bridge_oku
11.518120794
parent_profit_bridge_oku
11.331020794
revenue_to_NOI_rounding_residual_oku
0
NOI_to_ebit_rounding_residual_oku
0
pbt_to_parent_rounding_residual_oku
0
gross_property_noi_is_not_IFRS_revenue
はい
gross_property_noi_definition

modeled property operating NOI-like contribution, includes energy, after tenant and direct property costs, before G&A; forecast, not audited revenue

10
内容を開く
period_index
9
period_type

full_fiscal_year

fiscal_year
2035
開始日

2035-01-01

終了日

2035-12-31

calendar_days
365
fiscal_denominator_days
365
year_fraction
1
end_time_years_act365_25
9.149897331
source_data_status

projection_after_2026_11_06

opening_parent_equity_oku
115.938281101
opening_net_financial_debt_oku
81.18227011
opening_jv_book_oku
5.459285479
opening_nci_equity_oku
0.80094
opening_gross_financial_debt_proxy_oku
82.03227011
opening_cash_proxy_oku
0.85
argan_gross_financial_debt_brought_in_oku
0
argan_post_special_cash_brought_in_oku
0
gross_debt_net_issuance_positive_or_repayment_negative_oku
2.595910785
cash_rollforward_residual_oku
0
opening_wdp_holder_shares_m
261.967043098
opening_issuer_shares_m
420.049418633
gross_property_noi_oku
14.948528607
corporate_admin_expense_oku
0.388916056
noncash_sbc_expense_in_ifrs_oku
0.009
depreciation_oku
0.095
noncash_property_fair_value_profit_oku
0
ifrs_operating_profit_before_merger_cost_oku
14.455612551
ifrs_merger_cost_recognized_in_operating_profit_oku
0
ifrs_operating_profit_oku
14.455612551
net_finance_expense_oku
2.133472591
equity_accounted_jv_profit_oku
0.207
equity_accounted_jv_cash_distributions_received_oku
0.04
equity_accounted_jv_new_equity_financing_cash_oku
0.06
closing_equity_accounted_jv_book_oku
5.686285479
ifrs_profit_before_tax_oku
12.52913996
ifrs_total_tax_oku
0.133
cash_tax_before_merger_cost_deduction_oku
0.133
merger_cost_tax_relief_rate_assumed
0
merger_cost_tax_relief_cash_oku
0
pretax_nonmerger_earnings_oku
12.52913996
statutory_pretax_merger_cost_included
はい
of_which_cash_tax_proxy_oku
0.133
of_which_non_cash_fair_value_tax_oku
0
argan_integration_transaction_expense_cash_oku
0
nci_profit_oku
0.0541
parent_ifrs_net_income_oku
12.34203996
parent_recurring_earnings_ex_fv_oku
12.34203996
noncash_sbc_cashflow_addback_oku
0.009
noncash_depreciation_addback_oku
0.095
operating_cash_after_finance_tax_before_maintenance_oku
12.33313996
maintenance_capex_cash_oku
0.6
sustainable_cash_after_maintenance_before_growth_oku
11.73313996
cash_after_maintenance_and_growth_before_shareholders_oku
4.44673996
growth_capex_cash_oku
7.2864
property_sales_cash_oku
0
property_in_kind_noncash_oku
0.34
forecast_property_in_kind_shares_issued_m
1.466478301
issuer_buyback_shares_repur_m
0.172526859
nci_dividends_cash_oku
0.004
nci_profit_annualized_H1_actual_proxy_oku
0.0541
company_dividend_cash_oku
7.588650744
company_tender_buyback_cash_oku
0.04
external_paid_equity_cash_oku
0.65
new_cash_shares_issued_m
2.803561458
argan_merger_shares_issued_m
0
forecast_sbc_shares_delivered_m
0.039510341
sbc_equity_credit_oku
0.009
old_cohort_dividend_received_oku
4.732720267
old_cohort_buyback_received_oku
0.024859517
old_cohort_total_real_cash_received_oku
4.757579784
argan_special_cash_received_by_wdp_old_holders_oku
0
argan_net_debt_brought_in_oku
0
argan_withdrawal_cash_external_oku
0
argan_fy26_delayed_dividend_eligible_shares_after_dissent_buyback
0
argan_late_fy26_distribution_external_oku
0
argan_extra_bridge_debt_included_once_oku
0
argan_parent_equity_brought_in_after_special_oku
0
argan_nci_brought_in_oku
0
closing_parent_equity_oku
121.650670317
closing_net_financial_debt_oku
83.778180894
closing_gross_financial_debt_proxy_oku
84.628180894
closing_cash_proxy_oku
0.85
closing_nci_equity_oku
0.85104
closing_carried_property_and_energy_proxy_oku
196.671859352
property_proxy_excludes_JV_book_and_JV_NOI
はい
closing_full_year_property_noi_runrate_oku
15.599354011
closing_issuer_shares_m
424.186441874
closing_old_cohort_shares_m
261.859819738
closing_old_cohort_fraction
0.617322465
model_financial_ltv_proxy
0.425979503
equity_rollforward_residual_oku
0
pretax_profit_bridge_residual_oku
0
assumed_dps_paid_during_period
1
内容を開く
fiscal_year
2034
declaration_date

2035-03-30

ex_date

2035-04-26

record_date

2035-04-27

pay_date

2035-05-16

dps_eur
1.806609034
old_cash_paid_oku
4.732720267
company_cash_paid_oku
7.588650744
old_shares_entitled_m
261.967043098
company_shares_entitled_m
420.049418633
company_liability_on_declaration_oku
7.588650744
状態

future_scenario_assumption

growth_asset_yield_assumption
0.077
organic_noi_growth_assumption
0.037
tax_rate_proxy_not_reported
はい
ifrs_operating_revenue_to_noi_to_parent_bridge
内容を開く
period_start

2035-01-01

期間末

2035-12-31

状態

conditional_forward_imputation_from_model_NOI_not_reported_future_sales

revenue_forecast_verified_by_company
いいえ
exact_future_ifrs_revenue_independently_estimated_oku
未確認
IFRS_line_item_classification_2026_anchor_primary_not_future_assurance
はい
source_wdp

wdp_9m_2026_company_ifrs_pages_42_48_53

source_argan

argan_h1_2026_company_ifrs_page_5

argan_consolidated_only_after_assumed_merger
はい
argan_effective_consolidation_days
365
argan_effective_fiscal_fraction
1
ARGAN_2027_cash_distribution_and_3to1_issue_are_not_turnover
はい
wda_noi_assignment_method

Legacy WDP absorbs all new development/in-kind NOI after acquisition; acquired ARGAN NOI follows organic rental growth only; scenario assumption

rental_ifrs_revenue_oku
14.852565641
wdp_rental_ifrs_revenue_oku
11.969839927
argan_rental_ifrs_revenue_oku
2.882725714
tenant_charges_recovered_as_income_oku
1.906478666
other_property_income_net_incl_energy_oku
0.952760308
energy_sales_of_wdp_memo_subset_not_additive_oku
0.749577216
early_termination_wdp_memo_subset_not_additive_oku
0.084414513
modeled_positive_ifrs_operating_revenue_lines_oku
17.711804615
leasing_cost_oku
0.011533474
tenant_reimbursable_occupancy_cost_oku
2.189512724
property_technical_expense_oku
0.31143665
energy_operating_cost_allocated_WITHIN_technical_expense_memo_oku
0.084874538
nonenergy_technical_expense_balance_oku
0.226562112
property_commercial_expense_oku
0.046692496
property_management_expense_oku
0.1958719
ARGAN_other_direct_property_expense_oku
0.008222174
direct_property_costs_total_EXCLUDING_duplicate_energy_memo_oku
2.763269418
source_table_rounding_allocation_oku
-6.59E-6
net_operating_property_contribution_including_energy_oku
14.948528607
wdp_component_net_operating_contribution_oku
12.030497456
ARGAN_component_net_operating_contribution_oku
2.918031151
wdp_company_admin_expense_oku
0.313916056
argan_company_admin_expense_oku
0.115
model_synergy_reduction_of_admin_oku
0.04
group_company_admin_expense_after_synergy_oku
0.388916056
wdp_noncash_depreciation_oku
0.075
argan_noncash_depreciation_assumed_oku
0.02
group_noncash_depreciation_oku
0.095
group_noncash_stock_comp_expense_oku
0.009
noncash_property_revaluation_gain_or_loss_oku
0
merger_advisory_cost_expensed_pnl_oku
0
merger_company_equity_direct_fee_if_IFRS32_oku
0
ifrs_operating_profit_oku
14.455612551
net_finance_expense_oku
2.133472591
equity_accounted_JV_profit_outside_IFRS_sales_oku
0.207
ifrs_profit_before_tax_oku
12.52913996
ifrs_tax_expense_oku
0.133
noncontrolling_interest_profit_oku
0.0541
ifrs_parent_net_profit_oku
12.34203996
maintenance_capex_BS_cash_not_current_revenue_expense_oku
0.6
jv_distributions_are_investing_cash_NOT_IFRS_sales_oku
0.04
lease_rental_revenue_margin_implied_not_independently_underwritten
はい
source_2026_9m_energy_cost_2583EURk_is_subclassification_within_property_technical_ASSUMED
はい
ifrs_operating_profit_bridge_oku
14.455612551
ifrs_pre_tax_bridge_oku
12.52913996
parent_profit_bridge_oku
12.34203996
revenue_to_NOI_rounding_residual_oku
-0
NOI_to_ebit_rounding_residual_oku
0
pbt_to_parent_rounding_residual_oku
0
gross_property_noi_is_not_IFRS_revenue
はい
gross_property_noi_definition

modeled property operating NOI-like contribution, includes energy, after tenant and direct property costs, before G&A; forecast, not audited revenue

11
内容を開く
period_index
10
period_type

last_partial_to_10y

fiscal_year
2036
開始日

2036-01-01

終了日

2036-11-06

calendar_days
311
fiscal_denominator_days
366
year_fraction
0.849726776
end_time_years_act365_25
10.001368925
source_data_status

projection_after_2026_11_06

opening_parent_equity_oku
121.650670317
opening_net_financial_debt_oku
83.778180894
opening_jv_book_oku
5.686285479
opening_nci_equity_oku
0.85104
opening_gross_financial_debt_proxy_oku
84.628180894
opening_cash_proxy_oku
0.85
argan_gross_financial_debt_brought_in_oku
0
argan_post_special_cash_brought_in_oku
0
gross_debt_net_issuance_positive_or_repayment_negative_oku
2.949683343
cash_rollforward_residual_oku
0
opening_wdp_holder_shares_m
261.859819738
opening_issuer_shares_m
424.186441874
gross_property_noi_oku
13.638486552
corporate_admin_expense_oku
0.335540501
noncash_sbc_expense_in_ifrs_oku
0.007647541
depreciation_oku
0.080724044
noncash_property_fair_value_profit_oku
0
ifrs_operating_profit_before_merger_cost_oku
13.214574466
ifrs_merger_cost_recognized_in_operating_profit_oku
0
ifrs_operating_profit_oku
13.214574466
net_finance_expense_oku
1.870447442
equity_accounted_jv_profit_oku
0.175893443
equity_accounted_jv_cash_distributions_received_oku
0.033989071
equity_accounted_jv_new_equity_financing_cash_oku
0.050983607
closing_equity_accounted_jv_book_oku
5.879173458
ifrs_profit_before_tax_oku
11.520020466
ifrs_total_tax_oku
0.113013661
cash_tax_before_merger_cost_deduction_oku
0.113013661
merger_cost_tax_relief_rate_assumed
0
merger_cost_tax_relief_cash_oku
0
pretax_nonmerger_earnings_oku
11.520020466
statutory_pretax_merger_cost_included
はい
of_which_cash_tax_proxy_oku
0.113013661
of_which_non_cash_fair_value_tax_oku
0
argan_integration_transaction_expense_cash_oku
0
nci_profit_oku
0.045970219
parent_ifrs_net_income_oku
11.361036586
parent_recurring_earnings_ex_fv_oku
11.361036586
noncash_sbc_cashflow_addback_oku
0.007647541
noncash_depreciation_addback_oku
0.080724044
operating_cash_after_finance_tax_before_maintenance_oku
11.353474018
maintenance_capex_cash_oku
0.509836066
sustainable_cash_after_maintenance_before_growth_oku
10.843637952
cash_after_maintenance_and_growth_before_shareholders_oku
4.579282215
growth_capex_cash_oku
6.264355738
property_sales_cash_oku
0
property_in_kind_noncash_oku
0.288907104
forecast_property_in_kind_shares_issued_m
1.22167243
issuer_buyback_shares_repur_m
0.143726168
nci_dividends_cash_oku
0.003398907
nci_profit_annualized_H1_actual_proxy_oku
0.045970219
company_dividend_cash_oku
7.992916377
company_tender_buyback_cash_oku
0.033989071
external_paid_equity_cash_oku
0.552322404
new_cash_shares_issued_m
2.335550234
argan_merger_shares_issued_m
0
forecast_sbc_shares_delivered_m
0
sbc_equity_credit_oku
0.007647541
old_cohort_dividend_received_oku
4.934206837
old_cohort_buyback_received_oku
0.020921961
old_cohort_total_real_cash_received_oku
4.955128798
argan_special_cash_received_by_wdp_old_holders_oku
0
argan_net_debt_brought_in_oku
0
argan_withdrawal_cash_external_oku
0
argan_fy26_delayed_dividend_eligible_shares_after_dissent_buyback
0
argan_late_fy26_distribution_external_oku
0
argan_extra_bridge_debt_included_once_oku
0
argan_parent_equity_brought_in_after_special_oku
0
argan_nci_brought_in_oku
0
closing_parent_equity_oku
125.833678504
closing_net_financial_debt_oku
86.727864237
closing_gross_financial_debt_proxy_oku
87.577864237
closing_cash_proxy_oku
0.85
closing_nci_equity_oku
0.893611311
closing_carried_property_and_energy_proxy_oku
203.225122193
property_proxy_excludes_JV_book_and_JV_NOI
はい
closing_full_year_property_noi_runrate_oku
16.593052747
closing_issuer_shares_m
427.59993837
closing_old_cohort_shares_m
261.771349144
closing_old_cohort_fraction
0.612187528
model_financial_ltv_proxy
0.426757594
equity_rollforward_residual_oku
0
pretax_profit_bridge_residual_oku
0
assumed_dps_paid_during_period
1
内容を開く
fiscal_year
2035
declaration_date

2036-03-28

ex_date

2036-04-24

record_date

2036-04-25

pay_date

2036-05-21

dps_eur
1.884293223
old_cash_paid_oku
4.934206837
company_cash_paid_oku
7.992916377
old_shares_entitled_m
261.859819738
company_shares_entitled_m
424.186441874
company_liability_on_declaration_oku
7.992916377
状態

future_scenario_assumption

growth_asset_yield_assumption
0.077
organic_noi_growth_assumption
0.037
tax_rate_proxy_not_reported
はい
ifrs_operating_revenue_to_noi_to_parent_bridge
内容を開く
period_start

2036-01-01

期間末

2036-11-06

状態

conditional_forward_imputation_from_model_NOI_not_reported_future_sales

revenue_forecast_verified_by_company
いいえ
exact_future_ifrs_revenue_independently_estimated_oku
未確認
IFRS_line_item_classification_2026_anchor_primary_not_future_assurance
はい
source_wdp

wdp_9m_2026_company_ifrs_pages_42_48_53

source_argan

argan_h1_2026_company_ifrs_page_5

argan_consolidated_only_after_assumed_merger
はい
argan_effective_consolidation_days
311
argan_effective_fiscal_fraction
0.849726776
ARGAN_2027_cash_distribution_and_3to1_issue_are_not_turnover
はい
wda_noi_assignment_method

Legacy WDP absorbs all new development/in-kind NOI after acquisition; acquired ARGAN NOI follows organic rental growth only; scenario assumption

rental_ifrs_revenue_oku
13.551626199
wdp_rental_ifrs_revenue_oku
11.018505387
argan_rental_ifrs_revenue_oku
2.533120812
tenant_charges_recovered_as_income_oku
1.719184731
other_property_income_net_incl_energy_oku
0.874860951
energy_sales_of_wdp_memo_subset_not_additive_oku
0.690002594
early_termination_wdp_memo_subset_not_additive_oku
0.077705447
modeled_positive_ifrs_operating_revenue_lines_oku
16.145671881
leasing_cost_oku
0.010616821
tenant_reimbursable_occupancy_cost_oku
1.979365967
property_technical_expense_oku
0.286684402
energy_operating_cost_allocated_WITHIN_technical_expense_memo_oku
0.07812891
nonenergy_technical_expense_balance_oku
0.208555492
property_commercial_expense_oku
0.042981487
property_management_expense_oku
0.180304465
ARGAN_other_direct_property_expense_oku
0.007225023
direct_property_costs_total_EXCLUDING_duplicate_energy_memo_oku
2.507178165
source_table_rounding_allocation_oku
-7.164E-6
net_operating_property_contribution_including_energy_oku
13.638486552
wdp_component_net_operating_contribution_oku
11.074341999
ARGAN_component_net_operating_contribution_oku
2.564144553
wdp_company_admin_expense_oku
0.271810993
argan_company_admin_expense_oku
0.097718579
model_synergy_reduction_of_admin_oku
0.033989071
group_company_admin_expense_after_synergy_oku
0.335540501
wdp_noncash_depreciation_oku
0.063729508
argan_noncash_depreciation_assumed_oku
0.016994536
group_noncash_depreciation_oku
0.080724044
group_noncash_stock_comp_expense_oku
0.007647541
noncash_property_revaluation_gain_or_loss_oku
0
merger_advisory_cost_expensed_pnl_oku
0
merger_company_equity_direct_fee_if_IFRS32_oku
0
ifrs_operating_profit_oku
13.214574466
net_finance_expense_oku
1.870447442
equity_accounted_JV_profit_outside_IFRS_sales_oku
0.175893443
ifrs_profit_before_tax_oku
11.520020466
ifrs_tax_expense_oku
0.113013661
noncontrolling_interest_profit_oku
0.045970219
ifrs_parent_net_profit_oku
11.361036586
maintenance_capex_BS_cash_not_current_revenue_expense_oku
0.509836066
jv_distributions_are_investing_cash_NOT_IFRS_sales_oku
0.033989071
lease_rental_revenue_margin_implied_not_independently_underwritten
はい
source_2026_9m_energy_cost_2583EURk_is_subclassification_within_property_technical_ASSUMED
はい
ifrs_operating_profit_bridge_oku
13.214574466
ifrs_pre_tax_bridge_oku
11.520020467
parent_profit_bridge_oku
11.361036587
revenue_to_NOI_rounding_residual_oku
0
NOI_to_ebit_rounding_residual_oku
0
pbt_to_parent_rounding_residual_oku
1.0E-9
gross_property_noi_is_not_IFRS_revenue
はい
gross_property_noi_definition

modeled property operating NOI-like contribution, includes energy, after tenant and direct property costs, before G&A; forecast, not audited revenue

terminal_value_bridge
内容を開く
valuation_date

2036-11-06

terminal_years_act_365_25
10.001368925
next_twelve_month_noi_oku
16.891727696
assumed_stabilized_exit_property_yield
0.0525
property_asset_value_capitalized_noi_oku
321.747194215
net_financial_debt_deducted_oku
86.727864237
non_controlling_equity_deducted_oku
0.893611311
equity_method_jv_net_asset_value_added_not_in_noi_oku
5.291256112
equity_method_jv_book_rollforward_end_oku
5.879173458
future_annual_corporate_overhead_oku
0.394880462
future_annual_cash_tax_oku
0.160543779
future_annual_maintenance_capex_oku
0.696324495
future_annual_sbc_employee_share_delivery_m
0.03881173
future_assumed_market_price_for_sbc_eur
23.188865946
future_annual_cash_buyback_needed_to_neutralize_sbc_oku
0.009
FY2036_accrued_pre_valuation_SBC_issued_after_cutoff_expense_oku
0.007647541
FY2036_Dec15_conditional_unissued_SBC_shares_m
0.032979366
FY2036_Dec15_conditional_issue_price_eur
23.188865946
FY2036_pending_awards_oneoff_stock_neutral_buyback_cash_oku
0.007647541
FY2036_pending_awards_and_2037plus_recurring_cost_distinct
はい
events_after_term_not_in_IRR
1
内容を開く
想定日

2036-12-15

種類

forecast_delivery_of_pre_terminal_awards_no_cash_to_old_owners

stock_shares_m
0.032979366
is_confirmed
いいえ
included_as_oneoff_equivalent_in_terminal
はい
future_capitalized_corporate_tax_sbc_drag_oku
6.883222444
future_capitalized_maintenance_reserve_oku
8.491762134
terminal_corporate_drag_capitalization_rate
0.1
terminal_long_run_g
0.018
term_equity_value_company_oku
224.034342659
old_cohort_fraction_at_horizon
0.612187528
terminal_old_cohort_mcap_oku
137.151030367
unpaid_ex_date_before_terminal_payment_after_terminal_stress
内容を開く
状態

hypothetical_only_not_in_main_scenario

ex_date_assumed

2036-11-03

payment_date_assumed

2036-11-20

illustrative_dividend_per_share_eur
0.1
company_dividend_liability_if_declared_oku
0.427599938
old_cohort_entitled_receivable_oku
0.261771349
ex_div_company_equity_value_oku
223.606742721
old_cohort_ex_div_shares_value_oku
136.889259018
old_cohort_ex_div_shares_plus_claim_oku
137.151030367
invariance_to_pre_hypothetical_terminal_value_oku
-0
main_timed_cashflows_amount_oku
0
main_payout_oku_changes
いいえ
注記

When ex-date creates entitlement before cutoff but payment is after, accrue claim separately, deduct issuer payable from ex-div shares, carry receivable inside mcap once; no post-cutoff CF.

no_dated_terminal_cashflow
はい
FY2036_unattached_dividend_expected_ex_date_after_horizon

2037-04-29 (illustrative; not a separately established dividend receivable)

basecase_ex_before_horizon_pay_after_horizon_count
0
no_2027_plus_argan_cash_11eur_to_wdp_old_holders
はい
final_2036_12_dividend_excluded
はい
future_unpaid_dividend_rights_rule

ex<=terminal<pay -> terminal shares ex-div plus old holder receivable (not timed payout). ex>terminal -> no old holder receivable; future ordinary dividend is represented in cum-right shares price only

post2036_sbc_neutralized_by_continuing_repurchases_once_no_double_dilution
はい
parent_equity_carrying_is_not_2036_terminal_mark_to_market
はい
old_holder_economics
内容を開く
original_cohort_shares
262567638
original_cohort_market_value_oku
50.938121772
final_cohort_shares_m
261.771349144
final_total_shares_m
427.59993837
final_old_fraction
0.612187528
期間内株主受取
41.368235267
terminal_old_cohort_mcap_oku
137.151030367
dividend_cash_oku
41.191414067
pro_rata_buyback_cash_oku
0.1768212
argan_special_dividend_oku
0
unpaid_2036_after_horizon_dividends_oku
0
terminal_cross_boundary_ex_entitlement_sensitivity_oku
0.261771349
last_payment_in_horizon_observed_or_forecast_only

May 2036 FY2035 dividend is forecast

horizons
y10
内容を開く
キャッシュフローの算出方法

timed_holder_cashflows_v1

期間内の親会社利益合計(億)
91.392147248
期間内株主受取
41.368235267
終価
137.151030367
日付別キャッシュフロー
内容を開く
1
内容を開く
year
0.038329911
想定日

2026-11-20

金額
0
種類

argan_egm_scheduled_reassessment

状態

assumed

non_cash
はい
出典

ARGAN/WDP merger announcements

conditional
はい
2
内容を開く
year
0.049281314
想定日

2026-11-24

金額
0
種類

wdp_egm_scheduled_reassessment

状態

assumed

non_cash
はい
出典

WDP EGM invitation

conditional
はい
3
内容を開く
year
0.150581793
想定日

2026-12-31

金額
0
種類

fiscal_year_end_valuation_checkpoint

状態

assumed

non_cash
はい
4
内容を開く
year
0.150581793
想定日

2026-12-31

金額
0
種類

fy2026_results_cutoff_reassessment

状態

assumed

non_cash
はい
出典

future reporting date, not cash

5
内容を開く
year
0.303901437
想定日

2027-02-25

金額
0
種類

argan_proposed_11eur_special_ex_date_external

状態

assumed

non_cash_for_wdp_cohort
はい
external_eur_per_share
11
external_total_oku
2.83237812
eligible_argan_shares
25748892
conditional
はい
6
内容を開く
year
0.325804244
想定日

2027-03-05

金額
0
種類

argan_proposed_11eur_special_paid_external

状態

conditional_unapproved_projection

non_cash_for_wdp_cohort
はい
external_cash_oku
2.83237812
conditional
はい
7
内容を開く
year
0.34770705
想定日

2027-03-13

金額
0
種類

argan_free_awards_conditionally_vest_pre_merger

状態

assumed

non_cash_for_old_wdp_cohort
はい
conditional_award_shares
15435
after_special_ex_date
はい
unconfirmed
はい
8
内容を開く
year
0.353182752
想定日

2027-03-15

金額
0
種類

argan_merger_stock_issue_dilution_no_holder_cash

状態

assumed

non_cash
はい
conditional
はい
wdp_new_shares
77292981
argan_dissent_withdrawn_shares
0
wdp_old_holder_fraction_after
0.772574471
acquired_property_proxy_oku
43.40502
acquired_financial_net_debt_oku
21.89872812
acquired_equity_book_proxy_oku
21.92571188
detail

ARGAN post-cash-out net assets transferred once, PPA unknown

9
内容を開く
year
0.38329911
想定日

2027-03-26

金額
0
種類

wdp_dividend_declaration_reassessment

状態

assumed

non_cash
はい
forecast_fiscal_year
2026
dps_eur
1.29
company_liability_accrued_oku
4.384201985
ex_date_assumed

2027-04-29

record_date_assumed

2027-04-30

payment_date_assumed

2027-05-19

confirmed
いいえ
10
内容を開く
year
0.476386037
想定日

2027-04-29

金額
0
種類

wdp_dividend_ex_date_reassessment

状態

assumed

non_cash
はい
forecast_fiscal_year
2026
ex_date

2027-04-29

payment_date_assumed

2027-05-19

old_holder_shares_ex_m
262.567638
total_shares_ex_m
339.860619
confirmed
いいえ
11
内容を開く
year
0.479123888
想定日

2027-04-30

金額
0
種類

wdp_dividend_record_date_reassessment

状態

assumed

non_cash
はい
ex_date

2027-04-29

forecast_fiscal_year
2026
confirmed
いいえ
12
内容を開く
year
0.531143053
想定日

2027-05-19

金額
3.38712253
種類

wdp_cash_dividend_old_cohort

状態

forecast_not_declared_as_of_baseline

ex_date

2027-04-29

record_date_assumed

2027-04-30

forecast_fiscal_year
2026
dps_eur
1.29
wdp_company_cash_total_oku
4.384201985
eligible_old_shares_m
262.567638
entitlement_rule

old cohort eligible via ex-date; after ex old buyers do not inherit payout

13
内容を開く
year
0.821355236
想定日

2027-09-02

金額
0
種類

wdp_property_in_kind_stock_issue_dilution

状態

assumed

non_cash
はい
company_in_kind_asset_added_oku
0.34
issued_shares_m
1.718213058
forecast_issue_price_eur
19.788
old_holder_share_fraction_after
0.76868826
14
内容を開く
year
0.90349076
想定日

2027-10-02

金額
0
種類

wdp_third_party_cash_issue_dilution_zero_old_cash

状態

unannounced_hypothetical

non_cash_for_old_holder
はい
company_cash_raised_oku
3.155386528
issued_shares_m
15.945959812
forecast_price_eur
19.788
old_holder_fraction_after
0.734404002
15
内容を開く
year
1.106091718
想定日

2027-12-15

金額
0
種類

wdp_forecast_sbc_share_delivery_zero_old_holder_cash

状態

illustrative_not_disclosed_company_award

non_cash
はい
issued_shares_m
0.045571466
sbc_expense_oku
0.009
equity_credit_oku
0.009
future_share_purchase_oku_if_neutralized
0.009
old_holder_fraction_after
0.734310404
16
内容を開く
year
1.149897331
想定日

2027-12-31

金額
0
種類

fiscal_year_end_valuation_checkpoint

状態

assumed

non_cash
はい
17
内容を開く
year
1.399041752
想定日

2028-03-31

金額
0
種類

wdp_dividend_declaration_reassessment

状態

assumed

non_cash
はい
forecast_fiscal_year
2027
dps_eur
1.34547
company_liability_accrued_oku
4.811001968
ex_date_assumed

2028-04-27

record_date_assumed

2028-04-28

payment_date_assumed

2028-05-17

confirmed
いいえ
18
内容を開く
year
1.472963723
想定日

2028-04-27

金額
0
種類

wdp_dividend_ex_date_reassessment

状態

assumed

non_cash
はい
forecast_fiscal_year
2027
ex_date

2028-04-27

payment_date_assumed

2028-05-17

old_holder_shares_ex_m
262.567638
total_shares_ex_m
357.570363337
confirmed
いいえ
19
内容を開く
year
1.475701574
想定日

2028-04-28

金額
0
種類

wdp_dividend_record_date_reassessment

状態

assumed

non_cash
はい
ex_date

2028-04-27

forecast_fiscal_year
2027
confirmed
いいえ
20
内容を開く
year
1.527720739
想定日

2028-05-17

金額
3.532768799
種類

wdp_cash_dividend_old_cohort

状態

forecast_not_declared_as_of_baseline

ex_date

2028-04-27

record_date_assumed

2028-04-28

forecast_fiscal_year
2027
dps_eur
1.34547
wdp_company_cash_total_oku
4.811001968
eligible_old_shares_m
262.567638
entitlement_rule

old cohort eligible via ex-date; after ex old buyers do not inherit payout

21
内容を開く
year
1.823408624
想定日

2028-09-02

金額
0
種類

wdp_property_in_kind_stock_issue_dilution

状態

assumed

non_cash
はい
company_in_kind_asset_added_oku
0.34
issued_shares_m
1.684522606
forecast_issue_price_eur
20.18376
old_holder_share_fraction_after
0.730867271
22
内容を開く
year
1.905544148
想定日

2028-10-02

金額
0
種類

wdp_third_party_cash_issue_dilution_zero_old_cash

状態

unannounced_hypothetical

non_cash_for_old_holder
はい
company_cash_raised_oku
1.251664804
issued_shares_m
6.201346052
forecast_price_eur
20.18376
old_holder_fraction_after
0.718465346
23
内容を開く
year
2.108145106
想定日

2028-12-15

金額
0
種類

wdp_forecast_sbc_share_delivery_zero_old_holder_cash

状態

illustrative_not_disclosed_company_award

non_cash
はい
issued_shares_m
0.044765684
sbc_expense_oku
0.009
equity_credit_oku
0.009
future_share_purchase_oku_if_neutralized
0.009
old_holder_fraction_after
0.71837735
24
内容を開く
year
2.151950719
想定日

2028-12-31

金額
0
種類

fiscal_year_end_valuation_checkpoint

状態

assumed

non_cash
はい
25
内容を開く
year
2.395619439
想定日

2029-03-30

金額
0
種類

wdp_dividend_declaration_reassessment

状態

assumed

non_cash
はい
forecast_fiscal_year
2028
dps_eur
1.40332521
company_liability_accrued_oku
5.129167643
ex_date_assumed

2029-04-26

record_date_assumed

2029-04-27

payment_date_assumed

2029-05-16

confirmed
いいえ
26
内容を開く
year
2.46954141
想定日

2029-04-26

金額
0
種類

wdp_dividend_ex_date_reassessment

状態

assumed

non_cash
はい
forecast_fiscal_year
2028
ex_date

2029-04-26

payment_date_assumed

2029-05-16

old_holder_shares_ex_m
262.567638
total_shares_ex_m
365.500997679
confirmed
いいえ
27
内容を開く
year
2.472279261
想定日

2029-04-27

金額
0
種類

wdp_dividend_record_date_reassessment

状態

assumed

non_cash
はい
ex_date

2029-04-26

forecast_fiscal_year
2028
confirmed
いいえ
28
内容を開く
year
2.524298426
想定日

2029-05-16

金額
3.684677857
種類

wdp_cash_dividend_old_cohort

状態

forecast_not_declared_as_of_baseline

ex_date

2029-04-26

record_date_assumed

2029-04-27

forecast_fiscal_year
2028
dps_eur
1.40332521
wdp_company_cash_total_oku
5.129167643
eligible_old_shares_m
262.567638
entitlement_rule

old cohort eligible via ex-date; after ex old buyers do not inherit payout

29
内容を開く
year
2.822724162
想定日

2029-09-02

金額
0
種類

wdp_property_in_kind_stock_issue_dilution

状態

assumed

non_cash
はい
company_in_kind_asset_added_oku
0.34
issued_shares_m
1.651492751
forecast_issue_price_eur
20.5874352
old_holder_share_fraction_after
0.715146008
30
内容を開く
year
2.904859685
想定日

2029-10-02

金額
0
種類

wdp_third_party_cash_issue_dilution_zero_old_cash

状態

unannounced_hypothetical

non_cash_for_old_holder
はい
company_cash_raised_oku
2.33436787
issued_shares_m
11.338798873
forecast_price_eur
20.5874352
old_holder_fraction_after
0.693721746
31
内容を開く
year
3.107460643
想定日

2029-12-15

金額
0
種類

wdp_forecast_sbc_share_delivery_zero_old_holder_cash

状態

illustrative_not_disclosed_company_award

non_cash
はい
issued_shares_m
0.043974149
sbc_expense_oku
0.009
equity_credit_oku
0.009
future_share_purchase_oku_if_neutralized
0.009
old_holder_fraction_after
0.693641157
32
内容を開く
year
3.151266256
想定日

2029-12-31

金額
0
種類

fiscal_year_end_valuation_checkpoint

状態

assumed

non_cash
はい
33
内容を開く
year
3.392197125
想定日

2030-03-29

金額
0
種類

wdp_dividend_declaration_reassessment

状態

assumed

non_cash
はい
forecast_fiscal_year
2029
dps_eur
1.463668194
company_liability_accrued_oku
5.540500254
ex_date_assumed

2030-04-25

record_date_assumed

2030-04-26

payment_date_assumed

2030-05-15

confirmed
いいえ
34
内容を開く
year
3.466119097
想定日

2030-04-25

金額
0
種類

wdp_dividend_ex_date_reassessment

状態

assumed

non_cash
はい
forecast_fiscal_year
2029
ex_date

2030-04-25

payment_date_assumed

2030-05-15

old_holder_shares_ex_m
262.567638
total_shares_ex_m
378.535263452
confirmed
いいえ
35
内容を開く
year
3.468856947
想定日

2030-04-26

金額
0
種類

wdp_dividend_record_date_reassessment

状態

assumed

non_cash
はい
ex_date

2030-04-25

forecast_fiscal_year
2029
confirmed
いいえ
36
内容を開く
year
3.520876112
想定日

2030-05-15

金額
3.843119005
種類

wdp_cash_dividend_old_cohort

状態

forecast_not_declared_as_of_baseline

ex_date

2030-04-25

record_date_assumed

2030-04-26

forecast_fiscal_year
2029
dps_eur
1.463668194
wdp_company_cash_total_oku
5.540500254
eligible_old_shares_m
262.567638
entitlement_rule

old cohort eligible via ex-date; after ex old buyers do not inherit payout

37
内容を開く
year
3.822039699
想定日

2030-09-02

金額
0
種類

wdp_property_in_kind_stock_issue_dilution

状態

assumed

non_cash
はい
company_in_kind_asset_added_oku
0.34
issued_shares_m
1.61911054
forecast_issue_price_eur
20.999183904
old_holder_share_fraction_after
0.690686879
38
内容を開く
year
3.871321013
想定日

2030-09-20

金額
0.027627475
種類

wdp_pro_rata_tender_buyback_cash_to_old_cohort

状態

unannounced_hypothetical

company_buyback_total_oku
0.04
buyback_shares_m
0.190483593
old_tender_shares_m
0.131564518
ratio_before
0.690686879
forecast_price_eur
20.999183904
39
内容を開く
year
3.904175222
想定日

2030-10-02

金額
0
種類

wdp_third_party_cash_issue_dilution_zero_old_cash

状態

unannounced_hypothetical

non_cash_for_old_holder
はい
company_cash_raised_oku
2.288404194
issued_shares_m
10.897586327
forecast_price_eur
20.999183904
old_holder_fraction_after
0.671429878
40
内容を開く
year
4.106776181
想定日

2030-12-15

金額
0
種類

wdp_forecast_sbc_share_delivery_zero_old_holder_cash

状態

illustrative_not_disclosed_company_award

non_cash
はい
issued_shares_m
0.04319661
sbc_expense_oku
0.009
equity_credit_oku
0.009
future_share_purchase_oku_if_neutralized
0.009
old_holder_fraction_after
0.671355682
41
内容を開く
year
4.150581793
想定日

2030-12-31

金額
0
種類

fiscal_year_end_valuation_checkpoint

状態

assumed

non_cash
はい
42
内容を開く
year
4.388774812
想定日

2031-03-28

金額
0
種類

wdp_dividend_declaration_reassessment

状態

assumed

non_cash
はい
forecast_fiscal_year
2030
dps_eur
1.526605926
company_liability_accrued_oku
5.967573908
ex_date_assumed

2031-04-24

record_date_assumed

2031-04-25

payment_date_assumed

2031-05-21

confirmed
いいえ
43
内容を開く
year
4.462696783
想定日

2031-04-24

金額
0
種類

wdp_dividend_ex_date_reassessment

状態

assumed

non_cash
はい
forecast_fiscal_year
2030
ex_date

2031-04-24

payment_date_assumed

2031-05-21

old_holder_shares_ex_m
262.436073482
total_shares_ex_m
390.904673337
confirmed
いいえ
44
内容を開く
year
4.465434634
想定日

2031-04-25

金額
0
種類

wdp_dividend_record_date_reassessment

状態

assumed

non_cash
はい
ex_date

2031-04-24

forecast_fiscal_year
2030
confirmed
いいえ
45
内容を開く
year
4.536618754
想定日

2031-05-21

金額
4.00636465
種類

wdp_cash_dividend_old_cohort

状態

forecast_not_declared_as_of_baseline

ex_date

2031-04-24

record_date_assumed

2031-04-25

forecast_fiscal_year
2030
dps_eur
1.526605926
wdp_company_cash_total_oku
5.967573908
eligible_old_shares_m
262.436073482
entitlement_rule

old cohort eligible via ex-date; after ex old buyers do not inherit payout

46
内容を開く
year
4.821355236
想定日

2031-09-02

金額
0
種類

wdp_property_in_kind_stock_issue_dilution

状態

assumed

non_cash
はい
company_in_kind_asset_added_oku
0.34
issued_shares_m
1.587363275
forecast_issue_price_eur
21.419167582
old_holder_share_fraction_after
0.668640505
47
内容を開く
year
4.87063655
想定日

2031-09-20

金額
0.02674562
種類

wdp_pro_rata_tender_buyback_cash_to_old_cohort

状態

unannounced_hypothetical

company_buyback_total_oku
0.04
buyback_shares_m
0.186748621
old_tender_shares_m
0.124867692
ratio_before
0.668640505
forecast_price_eur
21.419167582
48
内容を開く
year
4.90349076
想定日

2031-10-02

金額
0
種類

wdp_third_party_cash_issue_dilution_zero_old_cash

状態

unannounced_hypothetical

non_cash_for_old_holder
はい
company_cash_raised_oku
1.92478356
issued_shares_m
8.98626687
forecast_price_eur
21.419167582
old_holder_fraction_after
0.653667396
49
内容を開く
year
5.106091718
想定日

2031-12-15

金額
0
種類

wdp_forecast_sbc_share_delivery_zero_old_holder_cash

状態

illustrative_not_disclosed_company_award

non_cash
はい
issued_shares_m
0.042432819
sbc_expense_oku
0.009
equity_credit_oku
0.009
future_share_purchase_oku_if_neutralized
0.009
old_holder_fraction_after
0.653598284
50
内容を開く
year
5.149897331
想定日

2031-12-31

金額
0
種類

fiscal_year_end_valuation_checkpoint

状態

assumed

non_cash
はい
51
内容を開く
year
5.385352498
想定日

2032-03-26

金額
0
種類

wdp_dividend_declaration_reassessment

状態

assumed

non_cash
はい
forecast_fiscal_year
2031
dps_eur
1.592249981
company_liability_accrued_oku
6.390240343
ex_date_assumed

2032-04-29

record_date_assumed

2032-04-30

payment_date_assumed

2032-05-19

confirmed
いいえ
52
内容を開く
year
5.478439425
想定日

2032-04-29

金額
0
種類

wdp_dividend_ex_date_reassessment

状態

assumed

non_cash
はい
forecast_fiscal_year
2031
ex_date

2032-04-29

payment_date_assumed

2032-05-19

old_holder_shares_ex_m
262.31120579
total_shares_ex_m
401.333987681
confirmed
いいえ
53
内容を開く
year
5.481177276
想定日

2032-04-30

金額
0
種類

wdp_dividend_record_date_reassessment

状態

assumed

non_cash
はい
ex_date

2032-04-29

forecast_fiscal_year
2031
confirmed
いいえ
54
内容を開く
year
5.533196441
想定日

2032-05-19

金額
4.176650124
種類

wdp_cash_dividend_old_cohort

状態

forecast_not_declared_as_of_baseline

ex_date

2032-04-29

record_date_assumed

2032-04-30

forecast_fiscal_year
2031
dps_eur
1.592249981
wdp_company_cash_total_oku
6.390240343
eligible_old_shares_m
262.31120579
entitlement_rule

old cohort eligible via ex-date; after ex old buyers do not inherit payout

55
内容を開く
year
5.823408624
想定日

2032-09-02

金額
0
種類

wdp_property_in_kind_stock_issue_dilution

状態

assumed

non_cash
はい
company_in_kind_asset_added_oku
0.34
issued_shares_m
1.556238505
forecast_issue_price_eur
21.847550934
old_holder_share_fraction_after
0.651073639
56
内容を開く
year
5.872689938
想定日

2032-09-20

金額
0.026042946
種類

wdp_pro_rata_tender_buyback_cash_to_old_cohort

状態

unannounced_hypothetical

company_buyback_total_oku
0.04
buyback_shares_m
0.183086883
old_tender_shares_m
0.119203043
ratio_before
0.651073639
forecast_price_eur
21.847550934
57
内容を開く
year
5.905544148
想定日

2032-10-02

金額
0
種類

wdp_third_party_cash_issue_dilution_zero_old_cash

状態

unannounced_hypothetical

non_cash_for_old_holder
はい
company_cash_raised_oku
1.516921576
issued_shares_m
6.943211074
forecast_price_eur
21.847550934
old_holder_fraction_after
0.640038517
58
内容を開く
year
6.108145106
想定日

2032-12-15

金額
0
種類

wdp_forecast_sbc_share_delivery_zero_old_holder_cash

状態

illustrative_not_disclosed_company_award

non_cash
はい
issued_shares_m
0.041682534
sbc_expense_oku
0.009
equity_credit_oku
0.009
future_share_purchase_oku_if_neutralized
0.009
old_holder_fraction_after
0.639973399
59
内容を開く
year
6.151950719
想定日

2032-12-31

金額
0
種類

fiscal_year_end_valuation_checkpoint

状態

assumed

non_cash
はい
60
内容を開く
year
6.381930185
想定日

2033-03-25

金額
0
種類

wdp_dividend_declaration_reassessment

状態

assumed

non_cash
はい
forecast_fiscal_year
2032
dps_eur
1.66071673
company_liability_accrued_oku
6.803824132
ex_date_assumed

2033-04-28

record_date_assumed

2033-04-29

payment_date_assumed

2033-05-18

confirmed
いいえ
61
内容を開く
year
6.475017112
想定日

2033-04-28

金額
0
種類

wdp_dividend_ex_date_reassessment

状態

assumed

non_cash
はい
forecast_fiscal_year
2032
ex_date

2033-04-28

payment_date_assumed

2033-05-18

old_holder_shares_ex_m
262.192002747
total_shares_ex_m
409.692032911
confirmed
いいえ
62
内容を開く
year
6.477754962
想定日

2033-04-29

金額
0
種類

wdp_dividend_record_date_reassessment

状態

assumed

non_cash
はい
ex_date

2033-04-28

forecast_fiscal_year
2032
confirmed
いいえ
63
内容を開く
year
6.529774127
想定日

2033-05-18

金額
4.354266454
種類

wdp_cash_dividend_old_cohort

状態

forecast_not_declared_as_of_baseline

ex_date

2033-04-28

record_date_assumed

2033-04-29

forecast_fiscal_year
2032
dps_eur
1.66071673
wdp_company_cash_total_oku
6.803824132
eligible_old_shares_m
262.192002747
entitlement_rule

old cohort eligible via ex-date; after ex old buyers do not inherit payout

64
内容を開く
year
6.822724162
想定日

2033-09-02

金額
0
種類

wdp_property_in_kind_stock_issue_dilution

状態

assumed

non_cash
はい
company_in_kind_asset_added_oku
0.34
issued_shares_m
1.525724024
forecast_issue_price_eur
22.284501952
old_holder_share_fraction_after
0.637598932
65
内容を開く
year
6.872005476
想定日

2033-09-20

金額
0.025503957
種類

wdp_pro_rata_tender_buyback_cash_to_old_cohort

状態

unannounced_hypothetical

company_buyback_total_oku
0.04
buyback_shares_m
0.179496944
old_tender_shares_m
0.11444706
ratio_before
0.637598932
forecast_price_eur
22.284501952
66
内容を開く
year
6.904859685
想定日

2033-10-02

金額
0
種類

wdp_third_party_cash_issue_dilution_zero_old_cash

状態

unannounced_hypothetical

non_cash_for_old_holder
はい
company_cash_raised_oku
1.058631604
issued_shares_m
4.750528443
forecast_price_eur
22.284501952
old_holder_fraction_after
0.630314147
67
内容を開く
year
7.107460643
想定日

2033-12-15

金額
0
種類

wdp_forecast_sbc_share_delivery_zero_old_holder_cash

状態

illustrative_not_disclosed_company_award

non_cash
はい
issued_shares_m
0.040945515
sbc_expense_oku
0.009
equity_credit_oku
0.009
future_share_purchase_oku_if_neutralized
0.009
old_holder_fraction_after
0.630252082
68
内容を開く
year
7.151266256
想定日

2033-12-31

金額
0
種類

fiscal_year_end_valuation_checkpoint

状態

assumed

non_cash
はい
69
内容を開く
year
7.397672827
想定日

2034-03-31

金額
0
種類

wdp_dividend_declaration_reassessment

状態

assumed

non_cash
はい
forecast_fiscal_year
2033
dps_eur
1.73212755
company_liability_accrued_oku
7.202701383
ex_date_assumed

2034-04-27

record_date_assumed

2034-04-28

payment_date_assumed

2034-05-17

confirmed
いいえ
70
内容を開く
year
7.471594798
想定日

2034-04-27

金額
0
種類

wdp_dividend_ex_date_reassessment

状態

assumed

non_cash
はい
forecast_fiscal_year
2033
ex_date

2034-04-27

payment_date_assumed

2034-05-17

old_holder_shares_ex_m
262.077555687
total_shares_ex_m
415.829733948
confirmed
いいえ
71
内容を開く
year
7.474332649
想定日

2034-04-28

金額
0
種類

wdp_dividend_record_date_reassessment

状態

assumed

non_cash
はい
ex_date

2034-04-27

forecast_fiscal_year
2033
confirmed
いいえ
72
内容を開く
year
7.526351814
想定日

2034-05-17

金額
4.539517544
種類

wdp_cash_dividend_old_cohort

状態

forecast_not_declared_as_of_baseline

ex_date

2034-04-27

record_date_assumed

2034-04-28

forecast_fiscal_year
2033
dps_eur
1.73212755
wdp_company_cash_total_oku
7.202701383
eligible_old_shares_m
262.077555687
entitlement_rule

old cohort eligible via ex-date; after ex old buyers do not inherit payout

73
内容を開く
year
7.822039699
想定日

2034-09-02

金額
0
種類

wdp_property_in_kind_stock_issue_dilution

状態

assumed

non_cash
はい
company_in_kind_asset_added_oku
0.34
issued_shares_m
1.495807867
forecast_issue_price_eur
22.730191991
old_holder_share_fraction_after
0.627993088
74
内容を開く
year
7.871321013
想定日

2034-09-20

金額
0.025119724
種類

wdp_pro_rata_tender_buyback_cash_to_old_cohort

状態

unannounced_hypothetical

company_buyback_total_oku
0.04
buyback_shares_m
0.175977396
old_tender_shares_m
0.110512588
ratio_before
0.627993088
forecast_price_eur
22.730191991
75
内容を開く
year
7.904175222
想定日

2034-10-02

金額
0
種類

wdp_third_party_cash_issue_dilution_zero_old_cash

状態

unannounced_hypothetical

non_cash_for_old_holder
はい
company_cash_raised_oku
0.65
issued_shares_m
2.859632687
forecast_price_eur
22.730191991
old_holder_fraction_after
0.623717397
76
内容を開く
year
8.106776181
想定日

2034-12-15

金額
0
種類

wdp_forecast_sbc_share_delivery_zero_old_holder_cash

状態

illustrative_not_disclosed_company_award

non_cash
はい
issued_shares_m
0.040221527
sbc_expense_oku
0.009
equity_credit_oku
0.009
future_share_purchase_oku_if_neutralized
0.009
old_holder_fraction_after
0.623657673
77
内容を開く
year
8.150581793
想定日

2034-12-31

金額
0
種類

fiscal_year_end_valuation_checkpoint

状態

assumed

non_cash
はい
78
内容を開く
year
8.394250513
想定日

2035-03-30

金額
0
種類

wdp_dividend_declaration_reassessment

状態

assumed

non_cash
はい
forecast_fiscal_year
2034
dps_eur
1.806609034
company_liability_accrued_oku
7.588650744
ex_date_assumed

2035-04-26

record_date_assumed

2035-04-27

payment_date_assumed

2035-05-16

confirmed
いいえ
79
内容を開く
year
8.468172485
想定日

2035-04-26

金額
0
種類

wdp_dividend_ex_date_reassessment

状態

assumed

non_cash
はい
forecast_fiscal_year
2034
ex_date

2035-04-26

payment_date_assumed

2035-05-16

old_holder_shares_ex_m
261.967043098
total_shares_ex_m
420.049418633
confirmed
いいえ
80
内容を開く
year
8.470910335
想定日

2035-04-27

金額
0
種類

wdp_dividend_record_date_reassessment

状態

assumed

non_cash
はい
ex_date

2035-04-26

forecast_fiscal_year
2034
confirmed
いいえ
81
内容を開く
year
8.5229295
想定日

2035-05-16

金額
4.732720267
種類

wdp_cash_dividend_old_cohort

状態

forecast_not_declared_as_of_baseline

ex_date

2035-04-26

record_date_assumed

2035-04-27

forecast_fiscal_year
2034
dps_eur
1.806609034
wdp_company_cash_total_oku
7.588650744
eligible_old_shares_m
261.967043098
entitlement_rule

old cohort eligible via ex-date; after ex old buyers do not inherit payout

82
内容を開く
year
8.821355236
想定日

2035-09-02

金額
0
種類

wdp_property_in_kind_stock_issue_dilution

状態

assumed

non_cash
はい
company_in_kind_asset_added_oku
0.34
issued_shares_m
1.466478301
forecast_issue_price_eur
23.184795831
old_holder_share_fraction_after
0.621487932
83
内容を開く
year
8.87063655
想定日

2035-09-20

金額
0.024859517
種類

wdp_pro_rata_tender_buyback_cash_to_old_cohort

状態

unannounced_hypothetical

company_buyback_total_oku
0.04
buyback_shares_m
0.172526859
old_tender_shares_m
0.107223361
ratio_before
0.621487932
forecast_price_eur
23.184795831
84
内容を開く
year
8.90349076
想定日

2035-10-02

金額
0
種類

wdp_third_party_cash_issue_dilution_zero_old_cash

状態

unannounced_hypothetical

non_cash_for_old_holder
はい
company_cash_raised_oku
0.65
issued_shares_m
2.803561458
forecast_price_eur
23.184795831
old_holder_fraction_after
0.61737997
85
内容を開く
year
9.106091718
想定日

2035-12-15

金額
0
種類

wdp_forecast_sbc_share_delivery_zero_old_holder_cash

状態

illustrative_not_disclosed_company_award

non_cash
はい
issued_shares_m
0.039510341
sbc_expense_oku
0.009
equity_credit_oku
0.009
future_share_purchase_oku_if_neutralized
0.009
old_holder_fraction_after
0.617322465
86
内容を開く
year
9.149897331
想定日

2035-12-31

金額
0
種類

fiscal_year_end_valuation_checkpoint

状態

assumed

non_cash
はい
87
内容を開く
year
9.3908282
想定日

2036-03-28

金額
0
種類

wdp_dividend_declaration_reassessment

状態

assumed

non_cash
はい
forecast_fiscal_year
2035
dps_eur
1.884293223
company_liability_accrued_oku
7.992916377
ex_date_assumed

2036-04-24

record_date_assumed

2036-04-25

payment_date_assumed

2036-05-21

confirmed
いいえ
88
内容を開く
year
9.464750171
想定日

2036-04-24

金額
0
種類

wdp_dividend_ex_date_reassessment

状態

assumed

non_cash
はい
forecast_fiscal_year
2035
ex_date

2036-04-24

payment_date_assumed

2036-05-21

old_holder_shares_ex_m
261.859819738
total_shares_ex_m
424.186441874
confirmed
いいえ
89
内容を開く
year
9.467488022
想定日

2036-04-25

金額
0
種類

wdp_dividend_record_date_reassessment

状態

assumed

non_cash
はい
ex_date

2036-04-24

forecast_fiscal_year
2035
confirmed
いいえ
90
内容を開く
year
9.538672142
想定日

2036-05-21

金額
4.934206837
種類

wdp_cash_dividend_old_cohort

状態

forecast_not_declared_as_of_baseline

ex_date

2036-04-24

record_date_assumed

2036-04-25

forecast_fiscal_year
2035
dps_eur
1.884293223
wdp_company_cash_total_oku
7.992916377
eligible_old_shares_m
261.859819738
entitlement_rule

old cohort eligible via ex-date; after ex old buyers do not inherit payout

91
内容を開く
year
9.823408624
想定日

2036-09-02

金額
0
種類

wdp_property_in_kind_stock_issue_dilution

状態

assumed

non_cash
はい
company_in_kind_asset_added_oku
0.288907104
issued_shares_m
1.22167243
forecast_issue_price_eur
23.648491748
old_holder_share_fraction_after
0.615549659
92
内容を開く
year
9.872689938
想定日

2036-09-20

金額
0.020921961
種類

wdp_pro_rata_tender_buyback_cash_to_old_cohort

状態

unannounced_hypothetical

company_buyback_total_oku
0.033989071
buyback_shares_m
0.143726168
old_tender_shares_m
0.088470594
ratio_before
0.615549659
forecast_price_eur
23.648491748
93
内容を開く
year
9.905544148
想定日

2036-10-02

金額
0
種類

wdp_third_party_cash_issue_dilution_zero_old_cash

状態

unannounced_hypothetical

non_cash_for_old_holder
はい
company_cash_raised_oku
0.552322404
issued_shares_m
2.335550234
forecast_price_eur
23.648491748
old_holder_fraction_after
0.612187528
94
内容を開く
year
10.001368925
想定日

2036-11-06

金額
0
種類

exact_10_calendar_year_valuation_date_zero_cash

状態

assumed

non_cash
はい
terminal_value_in_mcap_not_timed_cashflows
はい
irr
0.161544915
pv_at_coc_oku
78.589363378
net_sum_definition

sum parent IFRS profit all 11 rows 2026partial+2027..2035+2036partial

payout_definition

actual cash from company to original WDP cohort during 10 years

mcap_definition

terminal remaining original WDP holder cohort market value at 2036-11-06 EXCLUDING cumulative dividends

terminal_cashflow_excluded_from_timed_list
はい
irr_independent_validation
内容を開く
brentq_act365_25_irr
0.161544915
independent_bisection_calendar_xirr
0.161544915
difference
0
net_present_value_at_irr_oku
0
cashflows_only_nonnegative
はい
capital_transactions
内容を開く
1
内容を開く
日付

2027-03-15

種類

merger_3_to_1_conditional

発行済株式数
77292981
cash_raised_oku
0
in_kind_business_combination_equity_proxy_oku
21.92571188
状態

assumed_completion_PPA_unknown

2
内容を開く
日付

2027-09-02

種類

forecast_property_in_kind

発行済株式数
1718213
cash_raised_oku
0
noncash_equity_created_oku
0.34
issue_price_eur
19.788
3
内容を開く
日付

2027-10-02

種類

forecast_cash_issue_third_party

発行済株式数
15945960
cash_raised_oku
3.155386528
issue_price_eur
19.788
4
内容を開く
日付

2027-12-15

種類

forecast_sbc_delivery

発行済株式数
45571
cash_raised_oku
0
expense_non_cash_oku
0.009
equity_credit_oku
0.009
5
内容を開く
日付

2028-09-02

種類

forecast_property_in_kind

発行済株式数
1684523
cash_raised_oku
0
noncash_equity_created_oku
0.34
issue_price_eur
20.18376
6
内容を開く
日付

2028-10-02

種類

forecast_cash_issue_third_party

発行済株式数
6201346
cash_raised_oku
1.251664804
issue_price_eur
20.18376
7
内容を開く
日付

2028-12-15

種類

forecast_sbc_delivery

発行済株式数
44766
cash_raised_oku
0
expense_non_cash_oku
0.009
equity_credit_oku
0.009
8
内容を開く
日付

2029-09-02

種類

forecast_property_in_kind

発行済株式数
1651493
cash_raised_oku
0
noncash_equity_created_oku
0.34
issue_price_eur
20.5874352
9
内容を開く
日付

2029-10-02

種類

forecast_cash_issue_third_party

発行済株式数
11338799
cash_raised_oku
2.33436787
issue_price_eur
20.5874352
10
内容を開く
日付

2029-12-15

種類

forecast_sbc_delivery

発行済株式数
43974
cash_raised_oku
0
expense_non_cash_oku
0.009
equity_credit_oku
0.009
11
内容を開く
日付

2030-09-02

種類

forecast_property_in_kind

発行済株式数
1619111
cash_raised_oku
0
noncash_equity_created_oku
0.34
issue_price_eur
20.999183904
12
内容を開く
日付

2030-10-02

種類

forecast_cash_issue_third_party

発行済株式数
10897586
cash_raised_oku
2.288404194
issue_price_eur
20.999183904
13
内容を開く
日付

2030-12-15

種類

forecast_sbc_delivery

発行済株式数
43197
cash_raised_oku
0
expense_non_cash_oku
0.009
equity_credit_oku
0.009
14
内容を開く
日付

2031-09-02

種類

forecast_property_in_kind

発行済株式数
1587363
cash_raised_oku
0
noncash_equity_created_oku
0.34
issue_price_eur
21.419167582
15
内容を開く
日付

2031-10-02

種類

forecast_cash_issue_third_party

発行済株式数
8986267
cash_raised_oku
1.92478356
issue_price_eur
21.419167582
16
内容を開く
日付

2031-12-15

種類

forecast_sbc_delivery

発行済株式数
42433
cash_raised_oku
0
expense_non_cash_oku
0.009
equity_credit_oku
0.009
17
内容を開く
日付

2032-09-02

種類

forecast_property_in_kind

発行済株式数
1556239
cash_raised_oku
0
noncash_equity_created_oku
0.34
issue_price_eur
21.847550934
18
内容を開く
日付

2032-10-02

種類

forecast_cash_issue_third_party

発行済株式数
6943211
cash_raised_oku
1.516921576
issue_price_eur
21.847550934
19
内容を開く
日付

2032-12-15

種類

forecast_sbc_delivery

発行済株式数
41683
cash_raised_oku
0
expense_non_cash_oku
0.009
equity_credit_oku
0.009
20
内容を開く
日付

2033-09-02

種類

forecast_property_in_kind

発行済株式数
1525724
cash_raised_oku
0
noncash_equity_created_oku
0.34
issue_price_eur
22.284501952
21
内容を開く
日付

2033-10-02

種類

forecast_cash_issue_third_party

発行済株式数
4750528
cash_raised_oku
1.058631604
issue_price_eur
22.284501952
22
内容を開く
日付

2033-12-15

種類

forecast_sbc_delivery

発行済株式数
40946
cash_raised_oku
0
expense_non_cash_oku
0.009
equity_credit_oku
0.009
23
内容を開く
日付

2034-09-02

種類

forecast_property_in_kind

発行済株式数
1495808
cash_raised_oku
0
noncash_equity_created_oku
0.34
issue_price_eur
22.730191991
24
内容を開く
日付

2034-10-02

種類

forecast_cash_issue_third_party

発行済株式数
2859633
cash_raised_oku
0.65
issue_price_eur
22.730191991
25
内容を開く
日付

2034-12-15

種類

forecast_sbc_delivery

発行済株式数
40222
cash_raised_oku
0
expense_non_cash_oku
0.009
equity_credit_oku
0.009
26
内容を開く
日付

2035-09-02

種類

forecast_property_in_kind

発行済株式数
1466478
cash_raised_oku
0
noncash_equity_created_oku
0.34
issue_price_eur
23.184795831
27
内容を開く
日付

2035-10-02

種類

forecast_cash_issue_third_party

発行済株式数
2803561
cash_raised_oku
0.65
issue_price_eur
23.184795831
28
内容を開く
日付

2035-12-15

種類

forecast_sbc_delivery

発行済株式数
39510
cash_raised_oku
0
expense_non_cash_oku
0.009
equity_credit_oku
0.009
29
内容を開く
日付

2036-09-02

種類

forecast_property_in_kind

発行済株式数
1221672
cash_raised_oku
0
noncash_equity_created_oku
0.288907104
issue_price_eur
23.648491748
30
内容を開く
日付

2036-10-02

種類

forecast_cash_issue_third_party

発行済株式数
2335550
cash_raised_oku
0.552322404
issue_price_eur
23.648491748
income_bridge_apportioned_NOI_by_period
内容を開く
1
内容を開く
period
2026
wdp_NOI_oku
0.76501794
ARGAN_NOI_oku
0
consolidated_NOI_oku
0.76501794
2
内容を開く
period
2027
wdp_NOI_oku
5.29492149
ARGAN_NOI_oku
1.777328
consolidated_NOI_oku
7.07224949
3
内容を開く
period
2028
wdp_NOI_oku
5.983290138
ARGAN_NOI_oku
2.26276071
consolidated_NOI_oku
8.246050848
4
内容を開く
period
2029
wdp_NOI_oku
6.662522442
ARGAN_NOI_oku
2.346482856
consolidated_NOI_oku
9.009005298
5
内容を開く
period
2030
wdp_NOI_oku
7.462028857
ARGAN_NOI_oku
2.433302722
consolidated_NOI_oku
9.895331579
6
内容を開く
period
2031
wdp_NOI_oku
8.297760276
ARGAN_NOI_oku
2.523334923
consolidated_NOI_oku
10.821095199
7
内容を開く
period
2032
wdp_NOI_oku
9.171057025
ARGAN_NOI_oku
2.616698315
consolidated_NOI_oku
11.78775534
8
内容を開く
period
2033
wdp_NOI_oku
10.083309021
ARGAN_NOI_oku
2.713516152
consolidated_NOI_oku
12.796825173
9
内容を開く
period
2034
wdp_NOI_oku
11.035957606
ARGAN_NOI_oku
2.81391625
consolidated_NOI_oku
13.849873856
10
内容を開く
period
2035
wdp_NOI_oku
12.030497456
ARGAN_NOI_oku
2.918031151
consolidated_NOI_oku
14.948528607
11
内容を開く
period
2036
wdp_NOI_oku
11.074341999
ARGAN_NOI_oku
2.564144553
consolidated_NOI_oku
13.638486552
income_bridge_projected_sales_status

unverified_conditional_calibration_not_independent_rental_underwriting

中立・ARGAN成立(早期)(確率 35.0%)

合併が2027年3月に成立し、賃料は緩やかに伸びる仮定。移転資産・負債と交付新株を併せて評価します。

確率の根拠

確率は分析上の主観的な仮定であり、取引の成立確率を観測した数値ではありません。5ケースで合計100%です。

このシナリオの数値・キャッシュフローを開く →

弱気・ARGAN成立(配当前後に遅延+離脱)(確率 15.0%)

合併が2027年5月まで遅れ、ARGAN側で配当と一部株主の離脱が生じる仮定。借入コスト上昇と物件価値への圧力も見込みます。

確率の根拠

確率は分析上の主観的な仮定であり、取引の成立確率を観測した数値ではありません。5ケースで合計100%です。

このシナリオの数値・キャッシュフローを開く →

中立・ARGAN不成立(確率 25.0%)

合併が成立せず、WDP単独で開発・賃貸を続ける仮定。ARGANの資産、負債、交換新株を加えません。

確率の根拠

確率は分析上の主観的な仮定であり、取引の成立確率を観測した数値ではありません。5ケースで合計100%です。

このシナリオの数値・キャッシュフローを開く →

危機・ARGAN不成立(確率 10.0%)

合併不成立に加え、金利上昇と賃料の停滞、物件利回りの上昇で資産価値が下がる厳しい仮定。

確率の根拠

確率は分析上の主観的な仮定であり、取引の成立確率を観測した数値ではありません。5ケースで合計100%です。

このシナリオの数値・キャッシュフローを開く →

事業の詳細

principal_activities
内容を開く
1

pan-European leased logistics real estate

2

pre-let developments

3

solar panels and energy solutions

4

optional merger with French ARGAN property portfolio

sectors
内容を開く
1

Belgium

2

Netherlands

3

France

4

Germany

5

Romania

6

Luxembourg and more

income_mechanics

CPI indexed long duration tenancy; growth capex funded via retained earnings, external shares and debt

not_an_asset_light_franchise
はい

競争力の詳細

business_understandability
0.88
moat_stability
0.69
management_capital_allocation
0.62
balance_sheet_resilience
0.62
owner_earnings_predictability
0.6
ownership_overall
0.67
score_is_analyst_subjective
はい

業界の詳細

reits_are_rate_sensitive
はい
rental_yield_source_2026_wdp_epra_niy
0.055
base_year_occupancy
0.972
company_projected_development_noi_yield
0.07
property_valuation_mechanics

exit NOI / property cap-rate; subtract debt,NCI,maintenance and corporate/SBC perpetual cash costs; no market PER input

財務・資本配分の詳細

wdp_9m_cash_flow_classification

Operating CF 3.407億 before payment interest classified financing; minus interest 0.646億 = 2.761億 before growth and shareholders; do not add EPRA unrealized gain to owner cash.

oct_2026_raise_shares
20618556
oct_2026_raise_cash_oku
4
source_9m_scrip_dividend_stock_issue_shares
5404235
source_9m_scrip_dividend_non_cash_oku
1.16
argan_financial_net_debt_2026_06_30_incl_leases_oku
19.06635
liability_lease_ifrs16_included_once
はい
cash_vs_book_profit

cash from recurrent NOI less cash interest,taxes,maintenance/growth capex; JV equity profit replaced by separately modeled cash distributions (0.040億EUR/full year) and JV reinvestment (0.060億EUR/full year); both analyst assumptions; fair value changes only IFRS and portfolio, never cash.

holder_capital_policy

original old cohort collects 100% cash, no future scrip elected; no participation in new external paid issues; buyback in bull only proportional tender.

sbc_policy

profit includes SBC expense, future deliveries dilute holder cohort; post horizon annual delivery compensated by equal shares bought for cash using assumed market price; no double subtraction from net earnings and cash.

derivative_and_foreign_exchange_other_income

unmodeled_future=0 assumption; latest IFRS actual includes fair value financial instrument movements

評価根拠の詳細

price_19_40_is_market_reference_not_target_value
はい
terminal_not_market_PER_based
はい
merger_exchange_ratio_uses_proposed_11eur_special_prepaid
はい
no_reuse_of_old_5y_payout
はい
10y_cumulative_CF_from_2026_11_07_to_2036_11_06_only
はい
book_nav_not_mixed_with_exit_NOI_assessed_market_value
はい
PER_as_exit_multiple_used
いいえ

分析基準とデータ

日付

2026-11-06

価格・単価
19.4
price_eur
19.4
株数
262567638
initial_old_holder_investment_oku
50.938121772
時価総額(億)
50.938121772
shares_measure

post October 2 2026 private placement issued share count proxy, treasury not independently verified

price_status

secondary_market_closing_print_verified_two_sources

share_count_status

company_primary_merger_board_report

starting_ownership

100pct of WDP post-placement issued-share proxy, no subscription for future external equity

株価の出所

2026年11月6日の19.40 EUR終値は複数の二次価格情報で照合。取引所の同日原票は未確認。

株数の出所

2026年10月の増資後発行済262,567,638株。2026年11月6日の自己株は未確認で、旧株主数の代理値。

検証上の留意点

1

ARGANとの合併は提案であり、株主総会や税務・規制の条件、成立時期、交換株数は未確定。

2

2026年9月末親会社資本51.41055億EURに10月の増資総額4.0億EURと追加0.37億EURを加えた55.78055億EURを開始持分の代理値としています。追加0.37億EURの根拠や対応資産は未確認です。この追加分だけを除き他の前提を固定すると、モデルの株主CF・終価・IRRは変わりませんが、対応する資産・現金などを変えた場合の影響は未検証です。

3

将来の賃料・回収費用等は、会社が発表した将来売上ではありません。物件純収益の予測を2026年実績の構成比で条件付きに分解した参考値です。NOIを売上と同一視しません。

4

合併前ARGANの11 EUR特別分配はARGAN旧株主の受取で、WDP既存株主の配当ではありません。

5

現地配当源泉税、ETF費用、投資家ごとの税、将来為替は含みません。予定イベント到達後は再評価します。

追加データ・検証記録

分析ごとに収録された追加の前提、年度別データ、検証上の注意を確認できます。

追加データを開く →

分析に使用した資料

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