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。

このシナリオの数値・キャッシュフローを開く →

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。

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
0.339493498
想定日

2027-03-10

金額
0
種類

argan_dissenting_shareholder_cash_exit_external

状態

case_only_not_observed

non_cash_for_wdp_cohort
はい
eligible_shares_exited
257489
cash_compensation_eur_after_11_distribution
60.1
external_cash_oku
0.154750889
shares_of_WDP_not_issued
772467
assumed_buyback_settled_before_argan_fy26_ex_date
はい
future_fy26_dividend_right_on_ex_date
いいえ
8
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
3.38712253
ex_date_assumed

2027-04-29

record_date_assumed

2027-04-30

payment_date_assumed

2027-05-19

confirmed
いいえ
9
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
262.567638
confirmed
いいえ
10
内容を開く
year
0.476386037
想定日

2027-04-29

金額
0
種類

argan_standalone_FY2026_separate_dividend_ex_date_external

状態

assumed

external_eur_per_share
3
external_cash_oku
0.76474209
eligible_shares_after_march10_dissent_buyback
25491403
excluded_from_dividend_eligible_after_pre_ex_buyback
257489
conditional
はい
disjoint_from_wdp_dividend
はい
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
0
種類

argan_standalone_FY2026_separate_dividend_paid_external

状態

assumed

external_cash_oku
0.76474209
conditional
はい
eligible_shares_after_dissent
25491403
entitlement

ARGAN holder, NOT WDP November-2026 cohort

13
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
3.38712253
eligible_old_shares_m
262.567638
entitlement_rule

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

14
内容を開く
year
0.533880903
想定日

2027-05-20

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
15
内容を開く
year
0.536618754
想定日

2027-05-21

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
76520514
argan_dissent_withdrawn_shares
257489
wdp_old_holder_fraction_after
0.774334451
acquired_property_proxy_oku
43.40502
acquired_financial_net_debt_oku
22.818221099
acquired_equity_book_proxy_oku
21.006218901
detail

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

16
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
0.22
issued_shares_m
1.11178492
forecast_issue_price_eur
19.788
old_holder_share_fraction_after
0.7718039
17
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
0.32
issued_shares_m
1.617141702
forecast_price_eur
19.788
old_holder_fraction_after
0.768152484
18
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
0.768050087
19
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
20
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
1.29645
company_liability_accrued_oku
4.432078327
ex_date_assumed

2028-04-27

record_date_assumed

2028-04-28

payment_date_assumed

2028-05-17

confirmed
いいえ
21
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
341.862650088
confirmed
いいえ
22
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
23
内容を開く
year
1.527720739
想定日

2028-05-17

金額
3.404058143
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
1.29645
wdp_company_cash_total_oku
4.432078327
eligible_old_shares_m
262.567638
entitlement_rule

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

24
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
0.22
issued_shares_m
1.089985216
forecast_issue_price_eur
20.18376
old_holder_share_fraction_after
0.76560904
25
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
0.32
issued_shares_m
1.585433041
forecast_price_eur
20.18376
old_holder_fraction_after
0.762085999
26
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
0.761986994
27
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
28
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
1.30293225
company_liability_accrued_oku
4.489680873
ex_date_assumed

2029-04-26

record_date_assumed

2029-04-27

payment_date_assumed

2029-05-16

confirmed
いいえ
29
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
344.582834029
confirmed
いいえ
30
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
31
内容を開く
year
2.524298426
想定日

2029-05-16

金額
3.421078434
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
1.30293225
wdp_company_cash_total_oku
4.489680873
eligible_old_shares_m
262.567638
entitlement_rule

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

32
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
0.22
issued_shares_m
1.068612957
forecast_issue_price_eur
20.5874352
old_holder_share_fraction_after
0.759631242
33
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
1.991654709
issued_shares_m
9.674127399
forecast_price_eur
20.5874352
old_holder_fraction_after
0.738949451
34
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
0.738858012
35
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
36
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
1.309446911
company_liability_accrued_oku
4.653375576
ex_date_assumed

2030-04-25

record_date_assumed

2030-04-26

payment_date_assumed

2030-05-15

confirmed
いいえ
37
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
355.369548534
confirmed
いいえ
38
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
39
内容を開く
year
3.520876112
想定日

2030-05-15

金額
3.438183825
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
1.309446911
wdp_company_cash_total_oku
4.653375576
eligible_old_shares_m
262.567638
entitlement_rule

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

40
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
0.22
issued_shares_m
1.047659761
forecast_issue_price_eur
20.999183904
old_holder_share_fraction_after
0.736686198
41
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
3.043820967
issued_shares_m
14.494948857
forecast_price_eur
20.999183904
old_holder_fraction_after
0.707897094
42
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
0.707814661
43
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
44
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
1.315994146
company_liability_accrued_oku
4.88175074
ex_date_assumed

2031-04-24

record_date_assumed

2031-04-25

payment_date_assumed

2031-05-21

confirmed
いいえ
45
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
262.567638
total_shares_ex_m
370.955353762
confirmed
いいえ
46
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
47
内容を開く
year
4.536618754
想定日

2031-05-21

金額
3.455374745
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
1.315994146
wdp_company_cash_total_oku
4.88175074
eligible_old_shares_m
262.567638
entitlement_rule

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

48
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
0.22
issued_shares_m
1.027117413
forecast_issue_price_eur
21.419167582
old_holder_share_fraction_after
0.705860244
49
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
2.981603102
issued_shares_m
13.920256662
forecast_price_eur
21.419167582
old_holder_fraction_after
0.680398502
50
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
0.680323696
51
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
52
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
1.322574117
company_liability_accrued_oku
5.104410801
ex_date_assumed

2032-04-29

record_date_assumed

2032-04-30

payment_date_assumed

2032-05-19

confirmed
いいえ
53
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
262.567638
total_shares_ex_m
385.945160657
confirmed
いいえ
54
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
55
内容を開く
year
5.533196441
想定日

2032-05-19

金額
3.47265162
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
1.322574117
wdp_company_cash_total_oku
5.104410801
eligible_old_shares_m
262.567638
entitlement_rule

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

56
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
0.22
issued_shares_m
1.006977856
forecast_issue_price_eur
21.847550934
old_holder_share_fraction_after
0.678553268
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
2.905298702
issued_shares_m
13.298052084
forecast_price_eur
21.847550934
old_holder_fraction_after
0.656008777
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
0.655940467
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
1.329186987
company_liability_accrued_oku
5.320627488
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
262.567638
total_shares_ex_m
400.291873131
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
3.490014876
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
1.329186987
wdp_company_cash_total_oku
5.320627488
eligible_old_shares_m
262.567638
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
0.22
issued_shares_m
0.987233192
forecast_issue_price_eur
22.284501952
old_holder_share_fraction_after
0.654326711
65
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
2.814052886
issued_shares_m
12.627847337
forecast_price_eur
22.284501952
old_holder_fraction_after
0.634363921
66
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
0.634301173
67
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
68
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
1.335832922
company_liability_accrued_oku
5.529652317
ex_date_assumed

2034-04-27

record_date_assumed

2034-04-28

payment_date_assumed

2034-05-17

confirmed
いいえ
69
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
262.567638
total_shares_ex_m
413.947899175
confirmed
いいえ
70
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
71
内容を開く
year
7.526351814
想定日

2034-05-17

金額
3.507464951
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
1.335832922
wdp_company_cash_total_oku
5.529652317
eligible_old_shares_m
262.567638
entitlement_rule

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

72
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
0.22
issued_shares_m
0.967875679
forecast_issue_price_eur
22.730191991
old_holder_share_fraction_after
0.632821536
73
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
2.70698893
issued_shares_m
11.909221581
forecast_price_eur
22.730191991
old_holder_fraction_after
0.615164623
74
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
0.615106659
75
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
76
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
1.342512087
company_liability_accrued_oku
5.730717146
ex_date_assumed

2035-04-26

record_date_assumed

2035-04-27

payment_date_assumed

2035-05-16

confirmed
いいえ
77
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
262.567638
total_shares_ex_m
426.865217962
confirmed
いいえ
78
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
79
内容を開く
year
8.5229295
想定日

2035-05-16

金額
3.525002277
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
1.342512087
wdp_company_cash_total_oku
5.730717146
eligible_old_shares_m
262.567638
entitlement_rule

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

80
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
0.22
issued_shares_m
0.948897724
forecast_issue_price_eur
23.184795831
old_holder_share_fraction_after
0.613742344
81
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
2.583208796
issued_shares_m
11.141822491
forecast_price_eur
23.184795831
old_holder_fraction_after
0.598163996
82
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
0.59811016
83
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
84
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
1.349224647
company_liability_accrued_oku
5.923034791
ex_date_assumed

2036-04-24

record_date_assumed

2036-04-25

payment_date_assumed

2036-05-21

confirmed
いいえ
85
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
262.567638
total_shares_ex_m
438.995448518
confirmed
いいえ
86
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
87
内容を開く
year
9.538672142
想定日

2036-05-21

金額
3.542627287
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
1.349224647
wdp_company_cash_total_oku
5.923034791
eligible_old_shares_m
262.567638
entitlement_rule

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

88
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
0.186939891
issued_shares_m
0.790493925
forecast_issue_price_eur
23.648491748
old_holder_share_fraction_after
0.597035086
89
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
2.974265321
issued_shares_m
12.576976802
forecast_price_eur
23.648491748
old_holder_fraction_after
0.580435811
90
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 2027-05-21; 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

2027-05-21

withdrawal_fraction
0.01
late_argan_fy26_dps
3
organic
0.013
debt_rate
0.043
capex
5.2
dev_yield
0.06
cap
0.071
dps_g
0.005
kind
0.22
min_issue
0.32
max_ltv
0.49
post_2036_g
0.01
fv0
-0.01
low0
0
maint
0.52
extra_admin
0.05
buyback
0
corp_k
0.11
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

2027-05-21

状態

CONDITIONAL_NOT_COMPLETED_ON_BASE_DATE

wda_new_shares
76520514
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
257489
argan_cash_compensation_post_special_eur_per_share
60.1
argan_withdrawal_cash_oku
0.154750889
argan_special_paid_external_oku
2.83237812
argan_late_fy2026_distribution_to_argan_holders_oku
0.76474209
argan_late_fy2026_dividend_eligible_post_dissent_shares
25491403
argan_dissent_settlement_before_fy2026_ex_date_assumed
はい
argan_pre_distribution_cash_oku
3.20469
argan_after_external_cash_net_before_bridge_oku
-0.547181099
argan_extra_bridge_borrowing_if_cash_short_oku
0.547181099
argan_after_external_cash_and_bridge_proxy_oku
0
argan_net_debt_brought_in_oku
22.818221099
argan_parent_equity_brought_in_oku
21.006218901
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
いいえ
new_shares_coupon_number
10
post_special_2026_argan_distribution_separate_from_11eur
はい
ppa_unresolved_and_not_recognized_as_verified_ifrs_profit
はい
期間内の親会社利益合計(億)
50.826965155
期間内株主受取
34.643578688
終価
38.509782598
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
22.818221099
argan_post_special_cash_brought_in_oku
0
gross_debt_net_issuance_positive_or_repayment_negative_oku
5.545847495
cash_rollforward_residual_oku
0
opening_wdp_holder_shares_m
262.567638
opening_issuer_shares_m
262.567638
gross_property_noi_oku
6.531677198
corporate_admin_expense_oku
0.391875411
noncash_sbc_expense_in_ifrs_oku
0.009
depreciation_oku
0.087328767
noncash_property_fair_value_profit_oku
-1.153455538
ifrs_operating_profit_before_merger_cost_oku
4.890017482
ifrs_merger_cost_recognized_in_operating_profit_oku
0.25
ifrs_operating_profit_oku
4.640017482
net_finance_expense_oku
2.119141202
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
2.72787628
ifrs_total_tax_oku
0.122260274
cash_tax_before_merger_cost_deduction_oku
0.122260274
merger_cost_tax_relief_rate_assumed
0
merger_cost_tax_relief_cash_oku
0
pretax_nonmerger_earnings_oku
2.97787628
statutory_pretax_merger_cost_included
はい
of_which_cash_tax_proxy_oku
0.122260274
of_which_non_cash_fair_value_tax_oku
0
argan_integration_transaction_expense_cash_oku
0.25
nci_profit_oku
0.033349315
parent_ifrs_net_income_oku
2.572266691
parent_recurring_earnings_ex_fv_oku
3.97572223
noncash_sbc_cashflow_addback_oku
0.009
noncash_depreciation_addback_oku
0.087328767
operating_cash_after_finance_tax_before_maintenance_oku
3.938400312
maintenance_capex_cash_oku
0.618630137
sustainable_cash_after_maintenance_before_growth_oku
3.319770175
cash_after_maintenance_and_growth_before_shareholders_oku
-1.880229825
growth_capex_cash_oku
5.2
property_sales_cash_oku
0
property_in_kind_noncash_oku
0.22
forecast_property_in_kind_shares_issued_m
1.11178492
issuer_buyback_shares_repur_m
0
nci_dividends_cash_oku
0.002465753
nci_profit_annualized_H1_actual_proxy_oku
0.033349315
company_dividend_cash_oku
3.38712253
company_tender_buyback_cash_oku
0
external_paid_equity_cash_oku
0.32
new_cash_shares_issued_m
1.617141702
argan_merger_shares_issued_m
76.520514
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
22.818221099
argan_withdrawal_cash_external_oku
0.154750889
argan_fy26_delayed_dividend_eligible_shares_after_dissent_buyback
25491403
argan_late_fy26_distribution_external_oku
0.76474209
argan_extra_bridge_debt_included_once_oku
0.547181099
argan_parent_equity_brought_in_after_special_oku
21.006218901
argan_nci_brought_in_oku
0.41016
closing_parent_equity_oku
77.118423228
closing_net_financial_debt_oku
62.670366028
closing_gross_financial_debt_proxy_oku
63.487929623
closing_cash_proxy_oku
0.817563595
closing_nci_equity_oku
0.441043562
closing_carried_property_and_energy_proxy_oku
136.260599119
property_proxy_excludes_JV_book_and_JV_NOI
はい
closing_full_year_property_noi_runrate_oku
7.628467322
closing_issuer_shares_m
341.862650088
closing_old_cohort_shares_m
262.567638
closing_old_cohort_fraction
0.768050087
model_financial_ltv_proxy
0.45993021
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
3.38712253
old_shares_entitled_m
262.567638
company_shares_entitled_m
262.567638
company_liability_on_declaration_oku
3.38712253
状態

future_scenario_assumption

growth_asset_yield_assumption
0.06
organic_noi_growth_assumption
0.013
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
225
argan_effective_fiscal_fraction
0.616438356
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
6.489079823
wdp_rental_ifrs_revenue_oku
5.136133248
argan_rental_ifrs_revenue_oku
1.352946575
tenant_charges_recovered_as_income_oku
0.852487554
other_property_income_net_incl_energy_oku
0.410914557
energy_sales_of_wdp_memo_subset_not_additive_oku
0.321635752
early_termination_wdp_memo_subset_not_additive_oku
0.036221386
modeled_positive_ifrs_operating_revenue_lines_oku
7.752481934
leasing_cost_oku
0.004948893
tenant_reimbursable_occupancy_cost_oku
0.974279108
property_technical_expense_oku
0.133634212
energy_operating_cost_allocated_WITHIN_technical_expense_memo_oku
0.036418777
nonenergy_technical_expense_balance_oku
0.097215435
property_commercial_expense_oku
0.020035262
property_management_expense_oku
0.084046586
ARGAN_other_direct_property_expense_oku
0.003858904
direct_property_costs_total_EXCLUDING_duplicate_energy_memo_oku
1.220802966
source_table_rounding_allocation_oku
-1.771E-6
net_operating_property_contribution_including_energy_oku
6.531677198
wdp_component_net_operating_contribution_oku
5.16216076
ARGAN_component_net_operating_contribution_oku
1.369516438
wdp_company_admin_expense_oku
0.320985
argan_company_admin_expense_oku
0.070890411
model_synergy_reduction_of_admin_oku
0
group_company_admin_expense_after_synergy_oku
0.391875411
wdp_noncash_depreciation_oku
0.075
argan_noncash_depreciation_assumed_oku
0.012328767
group_noncash_depreciation_oku
0.087328767
group_noncash_stock_comp_expense_oku
0.009
noncash_property_revaluation_gain_or_loss_oku
-1.153455538
merger_advisory_cost_expensed_pnl_oku
0.25
merger_company_equity_direct_fee_if_IFRS32_oku
0
ifrs_operating_profit_oku
4.640017482
net_finance_expense_oku
2.119141202
equity_accounted_JV_profit_outside_IFRS_sales_oku
0.207
ifrs_profit_before_tax_oku
2.72787628
ifrs_tax_expense_oku
0.122260274
noncontrolling_interest_profit_oku
0.033349315
ifrs_parent_net_profit_oku
2.572266691
maintenance_capex_BS_cash_not_current_revenue_expense_oku
0.618630137
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
4.640017482
ifrs_pre_tax_bridge_oku
2.72787628
parent_profit_bridge_oku
2.572266691
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
77.118423228
opening_net_financial_debt_oku
62.670366028
opening_jv_book_oku
3.870285479
opening_nci_equity_oku
0.441043562
opening_gross_financial_debt_proxy_oku
63.487929623
opening_cash_proxy_oku
0.817563595
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
3.105136601
cash_rollforward_residual_oku
0
opening_wdp_holder_shares_m
262.567638
opening_issuer_shares_m
341.862650088
gross_property_noi_oku
7.74538196
corporate_admin_expense_oku
0.402083715
noncash_sbc_expense_in_ifrs_oku
0.009
depreciation_oku
0.095
noncash_property_fair_value_profit_oku
-1.362605991
ifrs_operating_profit_before_merger_cost_oku
5.876692254
ifrs_merger_cost_recognized_in_operating_profit_oku
0
ifrs_operating_profit_oku
5.876692254
net_finance_expense_oku
2.722006555
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
3.361685699
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
3.361685699
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
3.174585699
parent_recurring_earnings_ex_fv_oku
4.53719169
noncash_sbc_cashflow_addback_oku
0.009
noncash_depreciation_addback_oku
0.095
operating_cash_after_finance_tax_before_maintenance_oku
4.52829169
maintenance_capex_cash_oku
0.68
sustainable_cash_after_maintenance_before_growth_oku
3.84829169
cash_after_maintenance_and_growth_before_shareholders_oku
1.08069169
growth_capex_cash_oku
5.2676
property_sales_cash_oku
2.5
property_in_kind_noncash_oku
0.22
forecast_property_in_kind_shares_issued_m
1.089985216
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
4.432078327
company_tender_buyback_cash_oku
0
external_paid_equity_cash_oku
0.32
new_cash_shares_issued_m
1.585433041
argan_merger_shares_issued_m
0
forecast_sbc_shares_delivered_m
0.044765684
sbc_equity_credit_oku
0.009
old_cohort_dividend_received_oku
3.404058143
old_cohort_buyback_received_oku
0
old_cohort_total_real_cash_received_oku
3.404058143
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
76.409930599
closing_net_financial_debt_oku
65.765752666
closing_gross_financial_debt_proxy_oku
66.593066224
closing_cash_proxy_oku
0.827313559
closing_nci_equity_oku
0.491143562
closing_carried_property_and_energy_proxy_oku
137.885593128
property_proxy_excludes_JV_book_and_JV_NOI
はい
closing_full_year_property_noi_runrate_oku
7.921893398
closing_issuer_shares_m
344.582834029
closing_old_cohort_shares_m
262.567638
closing_old_cohort_fraction
0.761986994
model_financial_ltv_proxy
0.476958841
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
1.29645
old_cash_paid_oku
3.404058143
company_cash_paid_oku
4.432078327
old_shares_entitled_m
262.567638
company_shares_entitled_m
341.862650088
company_liability_on_declaration_oku
4.432078327
状態

future_scenario_assumption

growth_asset_yield_assumption
0.06
organic_noi_growth_assumption
0.013
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
7.690549554
wdp_rental_ifrs_revenue_oku
5.481503484
argan_rental_ifrs_revenue_oku
2.20904607
tenant_charges_recovered_as_income_oku
1.136959099
other_property_income_net_incl_energy_oku
0.452364696
energy_sales_of_wdp_memo_subset_not_additive_oku
0.343263582
early_termination_wdp_memo_subset_not_additive_oku
0.038657029
modeled_positive_ifrs_operating_revenue_lines_oku
9.279873349
leasing_cost_oku
0.005281673
tenant_reimbursable_occupancy_cost_oku
1.26921325
property_technical_expense_oku
0.14262021
energy_operating_cost_allocated_WITHIN_technical_expense_memo_oku
0.038867694
nonenergy_technical_expense_balance_oku
0.103752516
property_commercial_expense_oku
0.021382498
property_management_expense_oku
0.089698151
ARGAN_other_direct_property_expense_oku
0.00630069
direct_property_costs_total_EXCLUDING_duplicate_energy_memo_oku
1.534496472
source_table_rounding_allocation_oku
5.082E-6
net_operating_property_contribution_including_energy_oku
7.74538196
wdp_component_net_operating_contribution_oku
5.50928117
ARGAN_component_net_operating_contribution_oku
2.23610079
wdp_company_admin_expense_oku
0.327083715
argan_company_admin_expense_oku
0.115
model_synergy_reduction_of_admin_oku
0.04
group_company_admin_expense_after_synergy_oku
0.402083715
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
-1.362605991
merger_advisory_cost_expensed_pnl_oku
0
merger_company_equity_direct_fee_if_IFRS32_oku
0
ifrs_operating_profit_oku
5.876692254
net_finance_expense_oku
2.722006555
equity_accounted_JV_profit_outside_IFRS_sales_oku
0.207
ifrs_profit_before_tax_oku
3.361685699
ifrs_tax_expense_oku
0.133
noncontrolling_interest_profit_oku
0.0541
ifrs_parent_net_profit_oku
3.174585699
maintenance_capex_BS_cash_not_current_revenue_expense_oku
0.68
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
5.876692254
ifrs_pre_tax_bridge_oku
3.361685699
parent_profit_bridge_oku
3.174585699
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

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
76.409930599
opening_net_financial_debt_oku
65.765752666
opening_jv_book_oku
4.097285479
opening_nci_equity_oku
0.491143562
opening_gross_financial_debt_proxy_oku
66.593066224
opening_cash_proxy_oku
0.827313559
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
3.867283002
cash_rollforward_residual_oku
0
opening_wdp_holder_shares_m
262.567638
opening_issuer_shares_m
344.582834029
gross_property_noi_oku
8.089384905
corporate_admin_expense_oku
0.408298306
noncash_sbc_expense_in_ifrs_oku
0.009
depreciation_oku
0.095
noncash_property_fair_value_profit_oku
-1.378855931
ifrs_operating_profit_before_merger_cost_oku
6.198230668
ifrs_merger_cost_recognized_in_operating_profit_oku
0
ifrs_operating_profit_oku
6.198230668
net_finance_expense_oku
2.855456997
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
3.549773671
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
3.549773671
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
3.362673671
parent_recurring_earnings_ex_fv_oku
4.741529602
noncash_sbc_cashflow_addback_oku
0.009
noncash_depreciation_addback_oku
0.095
operating_cash_after_finance_tax_before_maintenance_oku
4.732629602
maintenance_capex_cash_oku
0.68
sustainable_cash_after_maintenance_before_growth_oku
4.052629602
cash_after_maintenance_and_growth_before_shareholders_oku
-1.282570398
growth_capex_cash_oku
5.3352
property_sales_cash_oku
0
property_in_kind_noncash_oku
0.22
forecast_property_in_kind_shares_issued_m
1.068612957
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
4.489680873
company_tender_buyback_cash_oku
0
external_paid_equity_cash_oku
1.991654709
new_cash_shares_issued_m
9.674127399
argan_merger_shares_issued_m
0
forecast_sbc_shares_delivered_m
0.043974149
sbc_equity_credit_oku
0.009
old_cohort_dividend_received_oku
3.421078434
old_cohort_buyback_received_oku
0
old_cohort_total_real_cash_received_oku
3.421078434
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
77.503578107
closing_net_financial_debt_oku
69.610349226
closing_gross_financial_debt_proxy_oku
70.460349226
closing_cash_proxy_oku
0.85
closing_nci_equity_oku
0.541243562
closing_carried_property_and_energy_proxy_oku
142.061937197
property_proxy_excludes_JV_book_and_JV_NOI
はい
closing_full_year_property_noi_runrate_oku
8.358190012
closing_issuer_shares_m
355.369548534
closing_old_cohort_shares_m
262.567638
closing_old_cohort_fraction
0.738858012
model_financial_ltv_proxy
0.49
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
1.30293225
old_cash_paid_oku
3.421078434
company_cash_paid_oku
4.489680873
old_shares_entitled_m
262.567638
company_shares_entitled_m
344.582834029
company_liability_on_declaration_oku
4.489680873
状態

future_scenario_assumption

growth_asset_yield_assumption
0.06
organic_noi_growth_assumption
0.013
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
8.032612899
wdp_rental_ifrs_revenue_oku
5.79484923
argan_rental_ifrs_revenue_oku
2.237763669
tenant_charges_recovered_as_income_oku
1.172988898
other_property_income_net_incl_energy_oku
0.476461713
energy_sales_of_wdp_memo_subset_not_additive_oku
0.362885969
early_termination_wdp_memo_subset_not_additive_oku
0.040866827
modeled_positive_ifrs_operating_revenue_lines_oku
9.682063509
leasing_cost_oku
0.005583595
tenant_reimbursable_occupancy_cost_oku
1.31251343
property_technical_expense_oku
0.15077298
energy_operating_cost_allocated_WITHIN_technical_expense_memo_oku
0.041089534
nonenergy_technical_expense_balance_oku
0.109683445
property_commercial_expense_oku
0.022604812
property_management_expense_oku
0.094825673
ARGAN_other_direct_property_expense_oku
0.006382599
direct_property_costs_total_EXCLUDING_duplicate_energy_memo_oku
1.592683088
source_table_rounding_allocation_oku
4.484E-6
net_operating_property_contribution_including_energy_oku
8.089384905
wdp_component_net_operating_contribution_oku
5.824214805
ARGAN_component_net_operating_contribution_oku
2.2651701
wdp_company_admin_expense_oku
0.333298306
argan_company_admin_expense_oku
0.115
model_synergy_reduction_of_admin_oku
0.04
group_company_admin_expense_after_synergy_oku
0.408298306
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
-1.378855931
merger_advisory_cost_expensed_pnl_oku
0
merger_company_equity_direct_fee_if_IFRS32_oku
0
ifrs_operating_profit_oku
6.198230668
net_finance_expense_oku
2.855456997
equity_accounted_JV_profit_outside_IFRS_sales_oku
0.207
ifrs_profit_before_tax_oku
3.549773671
ifrs_tax_expense_oku
0.133
noncontrolling_interest_profit_oku
0.0541
ifrs_parent_net_profit_oku
3.362673671
maintenance_capex_BS_cash_not_current_revenue_expense_oku
0.68
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
6.198230668
ifrs_pre_tax_bridge_oku
3.549773671
parent_profit_bridge_oku
3.362673671
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
77.503578107
opening_net_financial_debt_oku
69.610349226
opening_jv_book_oku
4.324285479
opening_nci_equity_oku
0.541243562
opening_gross_financial_debt_proxy_oku
70.460349226
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
2.755172
cash_rollforward_residual_oku
0
opening_wdp_holder_shares_m
262.567638
opening_issuer_shares_m
355.369548534
gross_property_noi_oku
8.529937047
corporate_admin_expense_oku
0.414630973
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
8.011306073
ifrs_merger_cost_recognized_in_operating_profit_oku
0
ifrs_operating_profit_oku
8.011306073
net_finance_expense_oku
3.021123465
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
5.197182609
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
5.197182609
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
5.010082609
parent_recurring_earnings_ex_fv_oku
5.010082609
noncash_sbc_cashflow_addback_oku
0.009
noncash_depreciation_addback_oku
0.095
operating_cash_after_finance_tax_before_maintenance_oku
5.001182609
maintenance_capex_cash_oku
0.68
sustainable_cash_after_maintenance_before_growth_oku
4.321182609
cash_after_maintenance_and_growth_before_shareholders_oku
-1.081617391
growth_capex_cash_oku
5.4028
property_sales_cash_oku
0
property_in_kind_noncash_oku
0.22
forecast_property_in_kind_shares_issued_m
1.047659761
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
4.653375576
company_tender_buyback_cash_oku
0
external_paid_equity_cash_oku
3.043820967
new_cash_shares_issued_m
14.494948857
argan_merger_shares_issued_m
0
forecast_sbc_shares_delivered_m
0.04319661
sbc_equity_credit_oku
0.009
old_cohort_dividend_received_oku
3.438183825
old_cohort_buyback_received_oku
0
old_cohort_total_real_cash_received_oku
3.438183825
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
81.133106107
closing_net_financial_debt_oku
72.365521226
closing_gross_financial_debt_proxy_oku
73.215521226
closing_cash_proxy_oku
0.85
closing_nci_equity_oku
0.591343562
closing_carried_property_and_energy_proxy_oku
147.684737197
property_proxy_excludes_JV_book_and_JV_NOI
はい
closing_full_year_property_noi_runrate_oku
8.804214482
closing_issuer_shares_m
370.955353762
closing_old_cohort_shares_m
262.567638
closing_old_cohort_fraction
0.707814661
model_financial_ltv_proxy
0.49
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
1.309446911
old_cash_paid_oku
3.438183825
company_cash_paid_oku
4.653375576
old_shares_entitled_m
262.567638
company_shares_entitled_m
355.369548534
company_liability_on_declaration_oku
4.653375576
状態

future_scenario_assumption

growth_asset_yield_assumption
0.06
organic_noi_growth_assumption
0.013
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
8.470735974
wdp_rental_ifrs_revenue_oku
6.203881378
argan_rental_ifrs_revenue_oku
2.266854597
tenant_charges_recovered_as_income_oku
1.217528489
other_property_income_net_incl_energy_oku
0.507765593
energy_sales_of_wdp_memo_subset_not_additive_oku
0.388500445
early_termination_wdp_memo_subset_not_additive_oku
0.043751431
modeled_positive_ifrs_operating_revenue_lines_oku
10.196030056
leasing_cost_oku
0.005977716
tenant_reimbursable_occupancy_cost_oku
1.366518615
property_technical_expense_oku
0.161415361
energy_operating_cost_allocated_WITHIN_technical_expense_memo_oku
0.043989858
nonenergy_technical_expense_balance_oku
0.117425503
property_commercial_expense_oku
0.024200383
property_management_expense_oku
0.101518988
ARGAN_other_direct_property_expense_oku
0.006465573
direct_property_costs_total_EXCLUDING_duplicate_energy_memo_oku
1.666096635
source_table_rounding_allocation_oku
3.626E-6
net_operating_property_contribution_including_energy_oku
8.529937047
wdp_component_net_operating_contribution_oku
6.235319735
ARGAN_component_net_operating_contribution_oku
2.294617312
wdp_company_admin_expense_oku
0.339630973
argan_company_admin_expense_oku
0.115
model_synergy_reduction_of_admin_oku
0.04
group_company_admin_expense_after_synergy_oku
0.414630973
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
8.011306073
net_finance_expense_oku
3.021123465
equity_accounted_JV_profit_outside_IFRS_sales_oku
0.207
ifrs_profit_before_tax_oku
5.197182609
ifrs_tax_expense_oku
0.133
noncontrolling_interest_profit_oku
0.0541
ifrs_parent_net_profit_oku
5.010082609
maintenance_capex_BS_cash_not_current_revenue_expense_oku
0.68
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
8.011306074
ifrs_pre_tax_bridge_oku
5.197182609
parent_profit_bridge_oku
5.010082609
revenue_to_NOI_rounding_residual_oku
0
NOI_to_ebit_rounding_residual_oku
1.0E-9
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
81.133106107
opening_net_financial_debt_oku
72.365521226
opening_jv_book_oku
4.551285479
opening_nci_equity_oku
0.591343562
opening_gross_financial_debt_proxy_oku
73.215521226
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
2.788296
cash_rollforward_residual_oku
0
opening_wdp_holder_shares_m
262.567638
opening_issuer_shares_m
370.955353762
gross_property_noi_oku
8.980280276
corporate_admin_expense_oku
0.421083962
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
8.455196314
ifrs_merger_cost_recognized_in_operating_profit_oku
0
ifrs_operating_profit_oku
8.455196314
net_finance_expense_oku
3.139944677
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
5.522251637
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
5.522251637
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
5.335151637
parent_recurring_earnings_ex_fv_oku
5.335151637
noncash_sbc_cashflow_addback_oku
0.009
noncash_depreciation_addback_oku
0.095
operating_cash_after_finance_tax_before_maintenance_oku
5.326251637
maintenance_capex_cash_oku
0.68
sustainable_cash_after_maintenance_before_growth_oku
4.646251637
cash_after_maintenance_and_growth_before_shareholders_oku
-0.824148363
growth_capex_cash_oku
5.4704
property_sales_cash_oku
0
property_in_kind_noncash_oku
0.22
forecast_property_in_kind_shares_issued_m
1.027117413
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
4.88175074
company_tender_buyback_cash_oku
0
external_paid_equity_cash_oku
2.981603102
new_cash_shares_issued_m
13.920256662
argan_merger_shares_issued_m
0
forecast_sbc_shares_delivered_m
0.042432819
sbc_equity_credit_oku
0.009
old_cohort_dividend_received_oku
3.455374745
old_cohort_buyback_received_oku
0
old_cohort_total_real_cash_received_oku
3.455374745
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
84.797110107
closing_net_financial_debt_oku
75.153817226
closing_gross_financial_debt_proxy_oku
76.003817226
closing_cash_proxy_oku
0.85
closing_nci_equity_oku
0.641443562
closing_carried_property_and_energy_proxy_oku
153.375137197
property_proxy_excludes_JV_book_and_JV_NOI
はい
closing_full_year_property_noi_runrate_oku
9.26009327
closing_issuer_shares_m
385.945160657
closing_old_cohort_shares_m
262.567638
closing_old_cohort_fraction
0.680323696
model_financial_ltv_proxy
0.49
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
1.315994146
old_cash_paid_oku
3.455374745
company_cash_paid_oku
4.88175074
old_shares_entitled_m
262.567638
company_shares_entitled_m
370.955353762
company_liability_on_declaration_oku
4.88175074
状態

future_scenario_assumption

growth_asset_yield_assumption
0.06
organic_noi_growth_assumption
0.013
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
8.918598069
wdp_rental_ifrs_revenue_oku
6.622274362
argan_rental_ifrs_revenue_oku
2.296323706
tenant_charges_recovered_as_income_oku
1.263002009
other_property_income_net_incl_energy_oku
0.539780679
energy_sales_of_wdp_memo_subset_not_additive_oku
0.414701117
early_termination_wdp_memo_subset_not_additive_oku
0.04670205
modeled_positive_ifrs_operating_revenue_lines_oku
10.721380756
leasing_cost_oku
0.006380856
tenant_reimbursable_occupancy_cost_oku
1.421673498
property_technical_expense_oku
0.172301297
energy_operating_cost_allocated_WITHIN_technical_expense_memo_oku
0.046956557
nonenergy_technical_expense_balance_oku
0.12534474
property_commercial_expense_oku
0.025832469
property_management_expense_oku
0.108365481
ARGAN_other_direct_property_expense_oku
0.006549625
direct_property_costs_total_EXCLUDING_duplicate_energy_memo_oku
1.741103226
source_table_rounding_allocation_oku
2.746E-6
net_operating_property_contribution_including_energy_oku
8.980280276
wdp_component_net_operating_contribution_oku
6.655832939
ARGAN_component_net_operating_contribution_oku
2.324447337
wdp_company_admin_expense_oku
0.346083962
argan_company_admin_expense_oku
0.115
model_synergy_reduction_of_admin_oku
0.04
group_company_admin_expense_after_synergy_oku
0.421083962
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
8.455196314
net_finance_expense_oku
3.139944677
equity_accounted_JV_profit_outside_IFRS_sales_oku
0.207
ifrs_profit_before_tax_oku
5.522251637
ifrs_tax_expense_oku
0.133
noncontrolling_interest_profit_oku
0.0541
ifrs_parent_net_profit_oku
5.335151637
maintenance_capex_BS_cash_not_current_revenue_expense_oku
0.68
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
8.455196314
ifrs_pre_tax_bridge_oku
5.522251637
parent_profit_bridge_oku
5.335151637
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

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
84.797110107
opening_net_financial_debt_oku
75.153817226
opening_jv_book_oku
4.778285479
opening_nci_equity_oku
0.641443562
opening_gross_financial_debt_proxy_oku
76.003817226
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
2.82142
cash_rollforward_residual_oku
-0
opening_wdp_holder_shares_m
262.567638
opening_issuer_shares_m
385.945160657
gross_property_noi_oku
9.440541876
corporate_admin_expense_oku
0.427659557
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
8.908882319
ifrs_merger_cost_recognized_in_operating_profit_oku
0
ifrs_operating_profit_oku
8.908882319
net_finance_expense_oku
3.260190221
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
5.855692099
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
5.855692099
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
5.668592099
parent_recurring_earnings_ex_fv_oku
5.668592099
noncash_sbc_cashflow_addback_oku
0.009
noncash_depreciation_addback_oku
0.095
operating_cash_after_finance_tax_before_maintenance_oku
5.659692099
maintenance_capex_cash_oku
0.68
sustainable_cash_after_maintenance_before_growth_oku
4.979692099
cash_after_maintenance_and_growth_before_shareholders_oku
-0.558307901
growth_capex_cash_oku
5.538
property_sales_cash_oku
0
property_in_kind_noncash_oku
0.22
forecast_property_in_kind_shares_issued_m
1.006977856
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
5.104410801
company_tender_buyback_cash_oku
0
external_paid_equity_cash_oku
2.905298702
new_cash_shares_issued_m
13.298052084
argan_merger_shares_issued_m
0
forecast_sbc_shares_delivered_m
0.041682534
sbc_equity_credit_oku
0.009
old_cohort_dividend_received_oku
3.47265162
old_cohort_buyback_received_oku
0
old_cohort_total_real_cash_received_oku
3.47265162
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
88.495590107
closing_net_financial_debt_oku
77.975237226
closing_gross_financial_debt_proxy_oku
78.825237226
closing_cash_proxy_oku
0.85
closing_nci_equity_oku
0.691543562
closing_carried_property_and_energy_proxy_oku
159.133137197
property_proxy_excludes_JV_book_and_JV_NOI
はい
closing_full_year_property_noi_runrate_oku
9.725954483
closing_issuer_shares_m
400.291873131
closing_old_cohort_shares_m
262.567638
closing_old_cohort_fraction
0.655940467
model_financial_ltv_proxy
0.49
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
1.322574117
old_cash_paid_oku
3.47265162
company_cash_paid_oku
5.104410801
old_shares_entitled_m
262.567638
company_shares_entitled_m
385.945160657
company_liability_on_declaration_oku
5.104410801
状態

future_scenario_assumption

growth_asset_yield_assumption
0.06
organic_noi_growth_assumption
0.013
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
9.376325789
wdp_rental_ifrs_revenue_oku
7.050149875
argan_rental_ifrs_revenue_oku
2.326175915
tenant_charges_recovered_as_income_oku
1.309421599
other_property_income_net_incl_energy_oku
0.572516216
energy_sales_of_wdp_memo_subset_not_additive_oku
0.441495605
early_termination_wdp_memo_subset_not_additive_oku
0.049719543
modeled_positive_ifrs_operating_revenue_lines_oku
11.258263604
leasing_cost_oku
0.006793133
tenant_reimbursable_occupancy_cost_oku
1.477993025
property_technical_expense_oku
0.183433953
energy_operating_cost_allocated_WITHIN_technical_expense_memo_oku
0.049990494
nonenergy_technical_expense_balance_oku
0.133443459
property_commercial_expense_oku
0.027501545
property_management_expense_oku
0.115367145
ARGAN_other_direct_property_expense_oku
0.00663477
direct_property_costs_total_EXCLUDING_duplicate_energy_memo_oku
1.817723572
source_table_rounding_allocation_oku
1.844E-6
net_operating_property_contribution_including_energy_oku
9.440541876
wdp_component_net_operating_contribution_oku
7.085876724
ARGAN_component_net_operating_contribution_oku
2.354665152
wdp_company_admin_expense_oku
0.352659557
argan_company_admin_expense_oku
0.115
model_synergy_reduction_of_admin_oku
0.04
group_company_admin_expense_after_synergy_oku
0.427659557
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
8.908882319
net_finance_expense_oku
3.260190221
equity_accounted_JV_profit_outside_IFRS_sales_oku
0.207
ifrs_profit_before_tax_oku
5.855692099
ifrs_tax_expense_oku
0.133
noncontrolling_interest_profit_oku
0.0541
ifrs_parent_net_profit_oku
5.668592099
maintenance_capex_BS_cash_not_current_revenue_expense_oku
0.68
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
8.908882319
ifrs_pre_tax_bridge_oku
5.855692098
parent_profit_bridge_oku
5.668592098
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
88.495590107
opening_net_financial_debt_oku
77.975237226
opening_jv_book_oku
5.005285479
opening_nci_equity_oku
0.691543562
opening_gross_financial_debt_proxy_oku
78.825237226
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
2.854544
cash_rollforward_residual_oku
0
opening_wdp_holder_shares_m
262.567638
opening_issuer_shares_m
400.291873131
gross_property_noi_oku
9.910850787
corporate_admin_expense_oku
0.434360089
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
9.372490698
ifrs_merger_cost_recognized_in_operating_profit_oku
0
ifrs_operating_profit_oku
9.372490698
net_finance_expense_oku
3.381860097
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
6.197630601
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
6.197630601
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
6.010530601
parent_recurring_earnings_ex_fv_oku
6.010530601
noncash_sbc_cashflow_addback_oku
0.009
noncash_depreciation_addback_oku
0.095
operating_cash_after_finance_tax_before_maintenance_oku
6.001630601
maintenance_capex_cash_oku
0.68
sustainable_cash_after_maintenance_before_growth_oku
5.321630601
cash_after_maintenance_and_growth_before_shareholders_oku
-0.283969399
growth_capex_cash_oku
5.6056
property_sales_cash_oku
0
property_in_kind_noncash_oku
0.22
forecast_property_in_kind_shares_issued_m
0.987233192
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
5.320627488
company_tender_buyback_cash_oku
0
external_paid_equity_cash_oku
2.814052886
new_cash_shares_issued_m
12.627847337
argan_merger_shares_issued_m
0
forecast_sbc_shares_delivered_m
0.040945515
sbc_equity_credit_oku
0.009
old_cohort_dividend_received_oku
3.490014876
old_cohort_buyback_received_oku
0
old_cohort_total_real_cash_received_oku
3.490014876
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
92.228546107
closing_net_financial_debt_oku
80.829781226
closing_gross_financial_debt_proxy_oku
81.679781226
closing_cash_proxy_oku
0.85
closing_nci_equity_oku
0.741643562
closing_carried_property_and_energy_proxy_oku
164.958737197
property_proxy_excludes_JV_book_and_JV_NOI
はい
closing_full_year_property_noi_runrate_oku
10.201927891
closing_issuer_shares_m
413.947899175
closing_old_cohort_shares_m
262.567638
closing_old_cohort_fraction
0.634301173
model_financial_ltv_proxy
0.49
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
1.329186987
old_cash_paid_oku
3.490014876
company_cash_paid_oku
5.320627488
old_shares_entitled_m
262.567638
company_shares_entitled_m
400.291873131
company_liability_on_declaration_oku
5.320627488
状態

future_scenario_assumption

growth_asset_yield_assumption
0.06
organic_noi_growth_assumption
0.013
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
9.84404739
wdp_rental_ifrs_revenue_oku
7.487631189
argan_rental_ifrs_revenue_oku
2.356416201
tenant_charges_recovered_as_income_oku
1.356799559
other_property_income_net_incl_energy_oku
0.605981571
energy_sales_of_wdp_memo_subset_not_additive_oku
0.468891629
early_termination_wdp_memo_subset_not_additive_oku
0.052804778
modeled_positive_ifrs_operating_revenue_lines_oku
11.80682852
leasing_cost_oku
0.007214666
tenant_reimbursable_occupancy_cost_oku
1.535492338
property_technical_expense_oku
0.194816538
energy_operating_cost_allocated_WITHIN_technical_expense_memo_oku
0.053092542
nonenergy_technical_expense_balance_oku
0.141723995
property_commercial_expense_oku
0.029208092
property_management_expense_oku
0.122525995
ARGAN_other_direct_property_expense_oku
0.006721022
direct_property_costs_total_EXCLUDING_duplicate_energy_memo_oku
1.895978652
source_table_rounding_allocation_oku
9.18E-7
net_operating_property_contribution_including_energy_oku
9.910850787
wdp_component_net_operating_contribution_oku
7.525574988
ARGAN_component_net_operating_contribution_oku
2.385275799
wdp_company_admin_expense_oku
0.359360089
argan_company_admin_expense_oku
0.115
model_synergy_reduction_of_admin_oku
0.04
group_company_admin_expense_after_synergy_oku
0.434360089
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
9.372490698
net_finance_expense_oku
3.381860097
equity_accounted_JV_profit_outside_IFRS_sales_oku
0.207
ifrs_profit_before_tax_oku
6.197630601
ifrs_tax_expense_oku
0.133
noncontrolling_interest_profit_oku
0.0541
ifrs_parent_net_profit_oku
6.010530601
maintenance_capex_BS_cash_not_current_revenue_expense_oku
0.68
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
9.372490698
ifrs_pre_tax_bridge_oku
6.197630601
parent_profit_bridge_oku
6.010530601
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
92.228546107
opening_net_financial_debt_oku
80.829781226
opening_jv_book_oku
5.232285479
opening_nci_equity_oku
0.741643562
opening_gross_financial_debt_proxy_oku
81.679781226
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
2.887668
cash_rollforward_residual_oku
0
opening_wdp_holder_shares_m
262.567638
opening_issuer_shares_m
413.947899175
gross_property_noi_oku
10.391337622
corporate_admin_expense_oku
0.44118793
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
9.846149692
ifrs_merger_cost_recognized_in_operating_profit_oku
0
ifrs_operating_profit_oku
9.846149692
net_finance_expense_oku
3.504954305
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
6.548195387
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
6.548195387
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
6.361095387
parent_recurring_earnings_ex_fv_oku
6.361095387
noncash_sbc_cashflow_addback_oku
0.009
noncash_depreciation_addback_oku
0.095
operating_cash_after_finance_tax_before_maintenance_oku
6.352195387
maintenance_capex_cash_oku
0.68
sustainable_cash_after_maintenance_before_growth_oku
5.672195387
cash_after_maintenance_and_growth_before_shareholders_oku
-0.001004613
growth_capex_cash_oku
5.6732
property_sales_cash_oku
0
property_in_kind_noncash_oku
0.22
forecast_property_in_kind_shares_issued_m
0.967875679
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
5.529652317
company_tender_buyback_cash_oku
0
external_paid_equity_cash_oku
2.70698893
new_cash_shares_issued_m
11.909221581
argan_merger_shares_issued_m
0
forecast_sbc_shares_delivered_m
0.040221527
sbc_equity_credit_oku
0.009
old_cohort_dividend_received_oku
3.507464951
old_cohort_buyback_received_oku
0
old_cohort_total_real_cash_received_oku
3.507464951
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
95.995978107
closing_net_financial_debt_oku
83.717449226
closing_gross_financial_debt_proxy_oku
84.567449226
closing_cash_proxy_oku
0.85
closing_nci_equity_oku
0.791743562
closing_carried_property_and_energy_proxy_oku
170.851937197
property_proxy_excludes_JV_book_and_JV_NOI
はい
closing_full_year_property_noi_runrate_oku
10.688144954
closing_issuer_shares_m
426.865217962
closing_old_cohort_shares_m
262.567638
closing_old_cohort_fraction
0.615106659
model_financial_ltv_proxy
0.49
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
1.335832922
old_cash_paid_oku
3.507464951
company_cash_paid_oku
5.529652317
old_shares_entitled_m
262.567638
company_shares_entitled_m
413.947899175
company_liability_on_declaration_oku
5.529652317
状態

future_scenario_assumption

growth_asset_yield_assumption
0.06
organic_noi_growth_assumption
0.013
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
10.32189279
wdp_rental_ifrs_revenue_oku
7.934843178
argan_rental_ifrs_revenue_oku
2.387049612
tenant_charges_recovered_as_income_oku
1.405148347
other_property_income_net_incl_energy_oku
0.64018623
energy_sales_of_wdp_memo_subset_not_additive_oku
0.496897009
early_termination_wdp_memo_subset_not_additive_oku
0.055958637
modeled_positive_ifrs_operating_revenue_lines_oku
12.367227368
leasing_cost_oku
0.007645575
tenant_reimbursable_occupancy_cost_oku
1.594186772
property_technical_expense_oku
0.206452299
energy_operating_cost_allocated_WITHIN_technical_expense_memo_oku
0.056263588
nonenergy_technical_expense_balance_oku
0.150188711
property_commercial_expense_oku
0.030952597
property_management_expense_oku
0.129844076
ARGAN_other_direct_property_expense_oku
0.006808396
direct_property_costs_total_EXCLUDING_duplicate_energy_memo_oku
1.975889716
source_table_rounding_allocation_oku
-3.0E-8
net_operating_property_contribution_including_energy_oku
10.391337622
wdp_component_net_operating_contribution_oku
7.975053238
ARGAN_component_net_operating_contribution_oku
2.416284384
wdp_company_admin_expense_oku
0.36618793
argan_company_admin_expense_oku
0.115
model_synergy_reduction_of_admin_oku
0.04
group_company_admin_expense_after_synergy_oku
0.44118793
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
9.846149692
net_finance_expense_oku
3.504954305
equity_accounted_JV_profit_outside_IFRS_sales_oku
0.207
ifrs_profit_before_tax_oku
6.548195387
ifrs_tax_expense_oku
0.133
noncontrolling_interest_profit_oku
0.0541
ifrs_parent_net_profit_oku
6.361095387
maintenance_capex_BS_cash_not_current_revenue_expense_oku
0.68
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
9.846149692
ifrs_pre_tax_bridge_oku
6.548195387
parent_profit_bridge_oku
6.361095387
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
95.995978107
opening_net_financial_debt_oku
83.717449226
opening_jv_book_oku
5.459285479
opening_nci_equity_oku
0.791743562
opening_gross_financial_debt_proxy_oku
84.567449226
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
2.920792
cash_rollforward_residual_oku
0
opening_wdp_holder_shares_m
262.567638
opening_issuer_shares_m
426.865217962
gross_property_noi_oku
10.882134696
corporate_admin_expense_oku
0.448145501
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
10.329989195
ifrs_merger_cost_recognized_in_operating_profit_oku
0
ifrs_operating_profit_oku
10.329989195
net_finance_expense_oku
3.629472845
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
6.90751635
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
6.90751635
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
6.72041635
parent_recurring_earnings_ex_fv_oku
6.72041635
noncash_sbc_cashflow_addback_oku
0.009
noncash_depreciation_addback_oku
0.095
operating_cash_after_finance_tax_before_maintenance_oku
6.71151635
maintenance_capex_cash_oku
0.68
sustainable_cash_after_maintenance_before_growth_oku
6.03151635
cash_after_maintenance_and_growth_before_shareholders_oku
0.29071635
growth_capex_cash_oku
5.7408
property_sales_cash_oku
0
property_in_kind_noncash_oku
0.22
forecast_property_in_kind_shares_issued_m
0.948897724
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
5.730717146
company_tender_buyback_cash_oku
0
external_paid_equity_cash_oku
2.583208796
new_cash_shares_issued_m
11.141822491
argan_merger_shares_issued_m
0
forecast_sbc_shares_delivered_m
0.039510341
sbc_equity_credit_oku
0.009
old_cohort_dividend_received_oku
3.525002277
old_cohort_buyback_received_oku
0
old_cohort_total_real_cash_received_oku
3.525002277
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
99.797886107
closing_net_financial_debt_oku
86.638241226
closing_gross_financial_debt_proxy_oku
87.488241226
closing_cash_proxy_oku
0.85
closing_nci_equity_oku
0.841843562
closing_carried_property_and_energy_proxy_oku
176.812737197
property_proxy_excludes_JV_book_and_JV_NOI
はい
closing_full_year_property_noi_runrate_oku
11.184738838
closing_issuer_shares_m
438.995448518
closing_old_cohort_shares_m
262.567638
closing_old_cohort_fraction
0.59811016
model_financial_ltv_proxy
0.49
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
1.342512087
old_cash_paid_oku
3.525002277
company_cash_paid_oku
5.730717146
old_shares_entitled_m
262.567638
company_shares_entitled_m
426.865217962
company_liability_on_declaration_oku
5.730717146
状態

future_scenario_assumption

growth_asset_yield_assumption
0.06
organic_noi_growth_assumption
0.013
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
10.8099936
wdp_rental_ifrs_revenue_oku
8.391912343
argan_rental_ifrs_revenue_oku
2.418081257
tenant_charges_recovered_as_income_oku
1.454480584
other_property_income_net_incl_energy_oku
0.675139806
energy_sales_of_wdp_memo_subset_not_additive_oku
0.525519667
early_termination_wdp_memo_subset_not_additive_oku
0.059182011
modeled_positive_ifrs_operating_revenue_lines_oku
12.939613991
leasing_cost_oku
0.008085981
tenant_reimbursable_occupancy_cost_oku
1.654091865
property_technical_expense_oku
0.218344529
energy_operating_cost_allocated_WITHIN_technical_expense_memo_oku
0.059504528
nonenergy_technical_expense_balance_oku
0.158840001
property_commercial_expense_oku
0.032735554
property_management_expense_oku
0.137323459
ARGAN_other_direct_property_expense_oku
0.006896905
direct_property_costs_total_EXCLUDING_duplicate_energy_memo_oku
2.057478293
source_table_rounding_allocation_oku
-1.002E-6
net_operating_property_contribution_including_energy_oku
10.882134696
wdp_component_net_operating_contribution_oku
8.434438615
ARGAN_component_net_operating_contribution_oku
2.447696081
wdp_company_admin_expense_oku
0.373145501
argan_company_admin_expense_oku
0.115
model_synergy_reduction_of_admin_oku
0.04
group_company_admin_expense_after_synergy_oku
0.448145501
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
10.329989195
net_finance_expense_oku
3.629472845
equity_accounted_JV_profit_outside_IFRS_sales_oku
0.207
ifrs_profit_before_tax_oku
6.90751635
ifrs_tax_expense_oku
0.133
noncontrolling_interest_profit_oku
0.0541
ifrs_parent_net_profit_oku
6.72041635
maintenance_capex_BS_cash_not_current_revenue_expense_oku
0.68
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
10.329989195
ifrs_pre_tax_bridge_oku
6.90751635
parent_profit_bridge_oku
6.72041635
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
99.797886107
opening_net_financial_debt_oku
86.638241226
opening_jv_book_oku
5.686285479
opening_nci_equity_oku
0.841843562
opening_gross_financial_debt_proxy_oku
87.488241226
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
2.510021519
cash_rollforward_residual_oku
0
opening_wdp_holder_shares_m
262.567638
opening_issuer_shares_m
438.995448518
gross_property_noi_oku
9.663425151
corporate_admin_expense_oku
0.386825595
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
9.188227972
ifrs_merger_cost_recognized_in_operating_profit_oku
0
ifrs_operating_profit_oku
9.188227972
net_finance_expense_oku
3.191077289
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
6.173044125
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
6.173044125
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
6.014060245
parent_recurring_earnings_ex_fv_oku
6.014060245
noncash_sbc_cashflow_addback_oku
0.007647541
noncash_depreciation_addback_oku
0.080724044
operating_cash_after_finance_tax_before_maintenance_oku
6.006497677
maintenance_capex_cash_oku
0.577814208
sustainable_cash_after_maintenance_before_growth_oku
5.428683469
cash_after_maintenance_and_growth_before_shareholders_oku
0.493130464
growth_capex_cash_oku
4.935553005
property_sales_cash_oku
0
property_in_kind_noncash_oku
0.186939891
forecast_property_in_kind_shares_issued_m
0.790493925
issuer_buyback_shares_repur_m
0
nci_dividends_cash_oku
0.003398907
nci_profit_annualized_H1_actual_proxy_oku
0.045970219
company_dividend_cash_oku
5.923034791
company_tender_buyback_cash_oku
0
external_paid_equity_cash_oku
2.974265321
new_cash_shares_issued_m
12.576976802
argan_merger_shares_issued_m
0
forecast_sbc_shares_delivered_m
0
sbc_equity_credit_oku
0.007647541
old_cohort_dividend_received_oku
3.542627287
old_cohort_buyback_received_oku
0
old_cohort_total_real_cash_received_oku
3.542627287
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
103.057764315
closing_net_financial_debt_oku
89.148262746
closing_gross_financial_debt_proxy_oku
89.998262746
closing_cash_proxy_oku
0.85
closing_nci_equity_oku
0.884414873
closing_carried_property_and_energy_proxy_oku
181.935230093
property_proxy_excludes_JV_book_and_JV_NOI
はい
closing_full_year_property_noi_runrate_oku
11.615519964
closing_issuer_shares_m
452.362919245
closing_old_cohort_shares_m
262.567638
closing_old_cohort_fraction
0.580435811
model_financial_ltv_proxy
0.49
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
1.349224647
old_cash_paid_oku
3.542627287
company_cash_paid_oku
5.923034791
old_shares_entitled_m
262.567638
company_shares_entitled_m
438.995448518
company_liability_on_declaration_oku
5.923034791
状態

future_scenario_assumption

growth_asset_yield_assumption
0.06
organic_noi_growth_assumption
0.013
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
9.599848219
wdp_rental_ifrs_revenue_oku
7.520459672
argan_rental_ifrs_revenue_oku
2.079388547
tenant_charges_recovered_as_income_oku
1.277437932
other_property_income_net_incl_energy_oku
0.603448411
energy_sales_of_wdp_memo_subset_not_additive_oku
0.47094742
early_termination_wdp_memo_subset_not_additive_oku
0.053036293
modeled_positive_ifrs_operating_revenue_lines_oku
11.480734563
leasing_cost_oku
0.007246298
tenant_reimbursable_occupancy_cost_oku
1.456060511
property_technical_expense_oku
0.195670684
energy_operating_cost_allocated_WITHIN_technical_expense_memo_oku
0.053325319
nonenergy_technical_expense_balance_oku
0.142345365
property_commercial_expense_oku
0.029336151
property_management_expense_oku
0.123063193
ARGAN_other_direct_property_expense_oku
0.005930878
direct_property_costs_total_EXCLUDING_duplicate_energy_memo_oku
1.817307715
source_table_rounding_allocation_oku
-1.696E-6
net_operating_property_contribution_including_energy_oku
9.663425151
wdp_component_net_operating_contribution_oku
7.558569831
ARGAN_component_net_operating_contribution_oku
2.10485532
wdp_company_admin_expense_oku
0.323096087
argan_company_admin_expense_oku
0.097718579
model_synergy_reduction_of_admin_oku
0.033989071
group_company_admin_expense_after_synergy_oku
0.386825595
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
9.188227972
net_finance_expense_oku
3.191077289
equity_accounted_JV_profit_outside_IFRS_sales_oku
0.175893443
ifrs_profit_before_tax_oku
6.173044125
ifrs_tax_expense_oku
0.113013661
noncontrolling_interest_profit_oku
0.045970219
ifrs_parent_net_profit_oku
6.014060245
maintenance_capex_BS_cash_not_current_revenue_expense_oku
0.577814208
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
9.188227971
ifrs_pre_tax_bridge_oku
6.173044125
parent_profit_bridge_oku
6.014060245
revenue_to_NOI_rounding_residual_oku
0
NOI_to_ebit_rounding_residual_oku
-1.0E-9
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

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
11.731675163
assumed_stabilized_exit_property_yield
0.071
property_asset_value_capitalized_noi_oku
165.234861456
net_financial_debt_deducted_oku
89.148262746
non_controlling_equity_deducted_oku
0.884414873
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
0.455235266
future_annual_cash_tax_oku
0.160543779
future_annual_maintenance_capex_oku
0.789167761
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
6.247790445
future_capitalized_maintenance_reserve_oku
7.89167761
terminal_corporate_drag_capitalization_rate
0.11
terminal_long_run_g
0.01
term_equity_value_company_oku
66.346324353
old_cohort_fraction_at_horizon
0.580435811
terminal_old_cohort_mcap_oku
38.509782598
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
0.452362919
old_cohort_entitled_receivable_oku
0.262567638
ex_div_company_equity_value_oku
65.893961434
old_cohort_ex_div_shares_value_oku
38.24721496
old_cohort_ex_div_shares_plus_claim_oku
38.509782598
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
262.567638
final_total_shares_m
452.362919245
final_old_fraction
0.580435811
期間内株主受取
34.643578688
terminal_old_cohort_mcap_oku
38.509782598
dividend_cash_oku
34.643578688
pro_rata_buyback_cash_oku
0
argan_special_dividend_oku
0
unpaid_2036_after_horizon_dividends_oku
0
terminal_cross_boundary_ex_entitlement_sensitivity_oku
0.262567638
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)
50.826965155
期間内株主受取
34.643578688
終価
38.509782598
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
0.339493498
想定日

2027-03-10

金額
0
種類

argan_dissenting_shareholder_cash_exit_external

状態

case_only_not_observed

non_cash_for_wdp_cohort
はい
eligible_shares_exited
257489
cash_compensation_eur_after_11_distribution
60.1
external_cash_oku
0.154750889
shares_of_WDP_not_issued
772467
assumed_buyback_settled_before_argan_fy26_ex_date
はい
future_fy26_dividend_right_on_ex_date
いいえ
8
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
3.38712253
ex_date_assumed

2027-04-29

record_date_assumed

2027-04-30

payment_date_assumed

2027-05-19

confirmed
いいえ
9
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
262.567638
confirmed
いいえ
10
内容を開く
year
0.476386037
想定日

2027-04-29

金額
0
種類

argan_standalone_FY2026_separate_dividend_ex_date_external

状態

assumed

external_eur_per_share
3
external_cash_oku
0.76474209
eligible_shares_after_march10_dissent_buyback
25491403
excluded_from_dividend_eligible_after_pre_ex_buyback
257489
conditional
はい
disjoint_from_wdp_dividend
はい
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
0
種類

argan_standalone_FY2026_separate_dividend_paid_external

状態

assumed

external_cash_oku
0.76474209
conditional
はい
eligible_shares_after_dissent
25491403
entitlement

ARGAN holder, NOT WDP November-2026 cohort

13
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
3.38712253
eligible_old_shares_m
262.567638
entitlement_rule

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

14
内容を開く
year
0.533880903
想定日

2027-05-20

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
15
内容を開く
year
0.536618754
想定日

2027-05-21

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
76520514
argan_dissent_withdrawn_shares
257489
wdp_old_holder_fraction_after
0.774334451
acquired_property_proxy_oku
43.40502
acquired_financial_net_debt_oku
22.818221099
acquired_equity_book_proxy_oku
21.006218901
detail

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

16
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
0.22
issued_shares_m
1.11178492
forecast_issue_price_eur
19.788
old_holder_share_fraction_after
0.7718039
17
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
0.32
issued_shares_m
1.617141702
forecast_price_eur
19.788
old_holder_fraction_after
0.768152484
18
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
0.768050087
19
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
20
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
1.29645
company_liability_accrued_oku
4.432078327
ex_date_assumed

2028-04-27

record_date_assumed

2028-04-28

payment_date_assumed

2028-05-17

confirmed
いいえ
21
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
341.862650088
confirmed
いいえ
22
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
23
内容を開く
year
1.527720739
想定日

2028-05-17

金額
3.404058143
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
1.29645
wdp_company_cash_total_oku
4.432078327
eligible_old_shares_m
262.567638
entitlement_rule

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

24
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
0.22
issued_shares_m
1.089985216
forecast_issue_price_eur
20.18376
old_holder_share_fraction_after
0.76560904
25
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
0.32
issued_shares_m
1.585433041
forecast_price_eur
20.18376
old_holder_fraction_after
0.762085999
26
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
0.761986994
27
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
28
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
1.30293225
company_liability_accrued_oku
4.489680873
ex_date_assumed

2029-04-26

record_date_assumed

2029-04-27

payment_date_assumed

2029-05-16

confirmed
いいえ
29
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
344.582834029
confirmed
いいえ
30
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
31
内容を開く
year
2.524298426
想定日

2029-05-16

金額
3.421078434
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
1.30293225
wdp_company_cash_total_oku
4.489680873
eligible_old_shares_m
262.567638
entitlement_rule

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

32
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
0.22
issued_shares_m
1.068612957
forecast_issue_price_eur
20.5874352
old_holder_share_fraction_after
0.759631242
33
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
1.991654709
issued_shares_m
9.674127399
forecast_price_eur
20.5874352
old_holder_fraction_after
0.738949451
34
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
0.738858012
35
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
36
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
1.309446911
company_liability_accrued_oku
4.653375576
ex_date_assumed

2030-04-25

record_date_assumed

2030-04-26

payment_date_assumed

2030-05-15

confirmed
いいえ
37
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
355.369548534
confirmed
いいえ
38
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
39
内容を開く
year
3.520876112
想定日

2030-05-15

金額
3.438183825
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
1.309446911
wdp_company_cash_total_oku
4.653375576
eligible_old_shares_m
262.567638
entitlement_rule

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

40
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
0.22
issued_shares_m
1.047659761
forecast_issue_price_eur
20.999183904
old_holder_share_fraction_after
0.736686198
41
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
3.043820967
issued_shares_m
14.494948857
forecast_price_eur
20.999183904
old_holder_fraction_after
0.707897094
42
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
0.707814661
43
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
44
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
1.315994146
company_liability_accrued_oku
4.88175074
ex_date_assumed

2031-04-24

record_date_assumed

2031-04-25

payment_date_assumed

2031-05-21

confirmed
いいえ
45
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
262.567638
total_shares_ex_m
370.955353762
confirmed
いいえ
46
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
47
内容を開く
year
4.536618754
想定日

2031-05-21

金額
3.455374745
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
1.315994146
wdp_company_cash_total_oku
4.88175074
eligible_old_shares_m
262.567638
entitlement_rule

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

48
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
0.22
issued_shares_m
1.027117413
forecast_issue_price_eur
21.419167582
old_holder_share_fraction_after
0.705860244
49
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
2.981603102
issued_shares_m
13.920256662
forecast_price_eur
21.419167582
old_holder_fraction_after
0.680398502
50
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
0.680323696
51
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
52
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
1.322574117
company_liability_accrued_oku
5.104410801
ex_date_assumed

2032-04-29

record_date_assumed

2032-04-30

payment_date_assumed

2032-05-19

confirmed
いいえ
53
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
262.567638
total_shares_ex_m
385.945160657
confirmed
いいえ
54
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
55
内容を開く
year
5.533196441
想定日

2032-05-19

金額
3.47265162
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
1.322574117
wdp_company_cash_total_oku
5.104410801
eligible_old_shares_m
262.567638
entitlement_rule

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

56
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
0.22
issued_shares_m
1.006977856
forecast_issue_price_eur
21.847550934
old_holder_share_fraction_after
0.678553268
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
2.905298702
issued_shares_m
13.298052084
forecast_price_eur
21.847550934
old_holder_fraction_after
0.656008777
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
0.655940467
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
1.329186987
company_liability_accrued_oku
5.320627488
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
262.567638
total_shares_ex_m
400.291873131
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
3.490014876
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
1.329186987
wdp_company_cash_total_oku
5.320627488
eligible_old_shares_m
262.567638
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
0.22
issued_shares_m
0.987233192
forecast_issue_price_eur
22.284501952
old_holder_share_fraction_after
0.654326711
65
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
2.814052886
issued_shares_m
12.627847337
forecast_price_eur
22.284501952
old_holder_fraction_after
0.634363921
66
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
0.634301173
67
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
68
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
1.335832922
company_liability_accrued_oku
5.529652317
ex_date_assumed

2034-04-27

record_date_assumed

2034-04-28

payment_date_assumed

2034-05-17

confirmed
いいえ
69
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
262.567638
total_shares_ex_m
413.947899175
confirmed
いいえ
70
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
71
内容を開く
year
7.526351814
想定日

2034-05-17

金額
3.507464951
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
1.335832922
wdp_company_cash_total_oku
5.529652317
eligible_old_shares_m
262.567638
entitlement_rule

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

72
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
0.22
issued_shares_m
0.967875679
forecast_issue_price_eur
22.730191991
old_holder_share_fraction_after
0.632821536
73
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
2.70698893
issued_shares_m
11.909221581
forecast_price_eur
22.730191991
old_holder_fraction_after
0.615164623
74
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
0.615106659
75
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
76
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
1.342512087
company_liability_accrued_oku
5.730717146
ex_date_assumed

2035-04-26

record_date_assumed

2035-04-27

payment_date_assumed

2035-05-16

confirmed
いいえ
77
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
262.567638
total_shares_ex_m
426.865217962
confirmed
いいえ
78
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
79
内容を開く
year
8.5229295
想定日

2035-05-16

金額
3.525002277
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
1.342512087
wdp_company_cash_total_oku
5.730717146
eligible_old_shares_m
262.567638
entitlement_rule

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

80
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
0.22
issued_shares_m
0.948897724
forecast_issue_price_eur
23.184795831
old_holder_share_fraction_after
0.613742344
81
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
2.583208796
issued_shares_m
11.141822491
forecast_price_eur
23.184795831
old_holder_fraction_after
0.598163996
82
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
0.59811016
83
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
84
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
1.349224647
company_liability_accrued_oku
5.923034791
ex_date_assumed

2036-04-24

record_date_assumed

2036-04-25

payment_date_assumed

2036-05-21

confirmed
いいえ
85
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
262.567638
total_shares_ex_m
438.995448518
confirmed
いいえ
86
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
87
内容を開く
year
9.538672142
想定日

2036-05-21

金額
3.542627287
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
1.349224647
wdp_company_cash_total_oku
5.923034791
eligible_old_shares_m
262.567638
entitlement_rule

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

88
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
0.186939891
issued_shares_m
0.790493925
forecast_issue_price_eur
23.648491748
old_holder_share_fraction_after
0.597035086
89
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
2.974265321
issued_shares_m
12.576976802
forecast_price_eur
23.648491748
old_holder_fraction_after
0.580435811
90
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
0.050057546
pv_at_coc_oku
37.023902363
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
0.050057546
independent_bisection_calendar_xirr
0.050057546
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

2027-05-21

種類

merger_3_to_1_conditional

発行済株式数
76520514
cash_raised_oku
0
in_kind_business_combination_equity_proxy_oku
21.006218901
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
1111785
cash_raised_oku
0
noncash_equity_created_oku
0.22
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
1617142
cash_raised_oku
0.32
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
1089985
cash_raised_oku
0
noncash_equity_created_oku
0.22
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
1585433
cash_raised_oku
0.32
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
1068613
cash_raised_oku
0
noncash_equity_created_oku
0.22
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
9674127
cash_raised_oku
1.991654709
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
1047660
cash_raised_oku
0
noncash_equity_created_oku
0.22
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
14494949
cash_raised_oku
3.043820967
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
1027117
cash_raised_oku
0
noncash_equity_created_oku
0.22
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
13920257
cash_raised_oku
2.981603102
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
1006978
cash_raised_oku
0
noncash_equity_created_oku
0.22
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
13298052
cash_raised_oku
2.905298702
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
987233
cash_raised_oku
0
noncash_equity_created_oku
0.22
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
12627847
cash_raised_oku
2.814052886
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
967876
cash_raised_oku
0
noncash_equity_created_oku
0.22
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
11909222
cash_raised_oku
2.70698893
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
948898
cash_raised_oku
0
noncash_equity_created_oku
0.22
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
11141822
cash_raised_oku
2.583208796
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
790494
cash_raised_oku
0
noncash_equity_created_oku
0.186939891
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
12576977
cash_raised_oku
2.974265321
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
5.16216076
ARGAN_NOI_oku
1.369516438
consolidated_NOI_oku
6.531677198
3
内容を開く
period
2028
wdp_NOI_oku
5.50928117
ARGAN_NOI_oku
2.23610079
consolidated_NOI_oku
7.74538196
4
内容を開く
period
2029
wdp_NOI_oku
5.824214805
ARGAN_NOI_oku
2.2651701
consolidated_NOI_oku
8.089384905
5
内容を開く
period
2030
wdp_NOI_oku
6.235319735
ARGAN_NOI_oku
2.294617312
consolidated_NOI_oku
8.529937047
6
内容を開く
period
2031
wdp_NOI_oku
6.655832939
ARGAN_NOI_oku
2.324447337
consolidated_NOI_oku
8.980280276
7
内容を開く
period
2032
wdp_NOI_oku
7.085876724
ARGAN_NOI_oku
2.354665152
consolidated_NOI_oku
9.440541876
8
内容を開く
period
2033
wdp_NOI_oku
7.525574988
ARGAN_NOI_oku
2.385275799
consolidated_NOI_oku
9.910850787
9
内容を開く
period
2034
wdp_NOI_oku
7.975053238
ARGAN_NOI_oku
2.416284384
consolidated_NOI_oku
10.391337622
10
内容を開く
period
2035
wdp_NOI_oku
8.434438615
ARGAN_NOI_oku
2.447696081
consolidated_NOI_oku
10.882134696
11
内容を開く
period
2036
wdp_NOI_oku
7.558569831
ARGAN_NOI_oku
2.10485532
consolidated_NOI_oku
9.663425151
income_bridge_projected_sales_status

unverified_conditional_calibration_not_independent_rental_underwriting

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

← AI銘柄分析一覧へ戻る ヒートマップを見る →