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。

このシナリオの数値・キャッシュフローを開く →

中立・ARGAN不成立(確率 25.0%)

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

確率の根拠

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

このシナリオの数値・キャッシュフローを開く →

危機・ARGAN不成立(確率 10.0%)

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

確率の根拠

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

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
0.38329911
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
6
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
7
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
8
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

9
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
0.08
issued_shares_m
0.404285426
forecast_issue_price_eur
19.788
old_holder_share_fraction_after
0.998462629
10
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
0.15
issued_shares_m
0.758035173
forecast_price_eur
19.788
old_holder_fraction_after
0.995592762
11
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
0.995420758
12
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
13
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
1.24485
company_liability_accrued_oku
3.283609686
ex_date_assumed

2028-04-27

record_date_assumed

2028-04-28

payment_date_assumed

2028-05-17

confirmed
いいえ
14
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
263.775530065
confirmed
いいえ
15
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
16
内容を開く
year
1.527720739
想定日

2028-05-17

金額
3.268573242
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
1.24485
wdp_company_cash_total_oku
3.283609686
eligible_old_shares_m
262.567638
entitlement_rule

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

17
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
0.08
issued_shares_m
0.39635826
forecast_issue_price_eur
20.18376
old_holder_share_fraction_after
0.993927248
18
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
0.15
issued_shares_m
0.743171738
forecast_price_eur
20.18376
old_holder_fraction_after
0.991138963
19
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
0.990971508
20
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
21
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
1.20128025
company_liability_accrued_oku
3.182910057
ex_date_assumed

2029-04-26

record_date_assumed

2029-04-27

payment_date_assumed

2029-05-16

confirmed
いいえ
22
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
264.959825747
confirmed
いいえ
23
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
24
内容を開く
year
2.524298426
想定日

2029-05-16

金額
3.154173178
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
1.20128025
wdp_company_cash_total_oku
3.182910057
eligible_old_shares_m
262.567638
entitlement_rule

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

25
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
0.08
issued_shares_m
0.38858653
forecast_issue_price_eur
20.5874352
old_holder_share_fraction_after
0.989520291
26
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
0.15
issued_shares_m
0.728599743
forecast_price_eur
20.5874352
old_holder_fraction_after
0.986810683
27
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
0.986647621
28
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
29
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
1.159235441
company_liability_accrued_oku
3.084968788
ex_date_assumed

2030-04-25

record_date_assumed

2030-04-26

payment_date_assumed

2030-05-15

confirmed
いいえ
30
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
266.120986169
confirmed
いいえ
31
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
32
内容を開く
year
3.520876112
想定日

2030-05-15

金額
3.043777116
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
1.159235441
wdp_company_cash_total_oku
3.084968788
eligible_old_shares_m
262.567638
entitlement_rule

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

33
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
0.08
issued_shares_m
0.380967186
forecast_issue_price_eur
20.999183904
old_holder_share_fraction_after
0.985237199
34
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
0.223692274
issued_shares_m
1.065242701
forecast_price_eur
20.999183904
old_holder_fraction_after
0.981314757
35
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
0.981156357
36
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
37
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
1.118662201
company_liability_accrued_oku
2.993656309
ex_date_assumed

2031-04-24

record_date_assumed

2031-04-25

payment_date_assumed

2031-05-21

confirmed
いいえ
38
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
267.610392666
confirmed
いいえ
39
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
40
内容を開く
year
4.536618754
想定日

2031-05-21

金額
2.937244918
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
1.118662201
wdp_company_cash_total_oku
2.993656309
eligible_old_shares_m
262.567638
entitlement_rule

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

41
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
0.08
issued_shares_m
0.373497241
forecast_issue_price_eur
21.419167582
old_holder_share_fraction_after
0.97978889
42
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
2.880449536
issued_shares_m
13.447999436
forecast_price_eur
21.419167582
old_holder_fraction_after
0.932970456
43
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
0.932829808
44
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
45
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
1.079509024
company_liability_accrued_oku
3.038540708
ex_date_assumed

2032-04-29

record_date_assumed

2032-04-30

payment_date_assumed

2032-05-19

confirmed
いいえ
46
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
281.474322162
confirmed
いいえ
47
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
48
内容を開く
year
5.533196441
想定日

2032-05-19

金額
2.834441346
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
1.079509024
wdp_company_cash_total_oku
3.038540708
eligible_old_shares_m
262.567638
entitlement_rule

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

49
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
0.08
issued_shares_m
0.366173766
forecast_issue_price_eur
21.847550934
old_holder_share_fraction_after
0.931617854
50
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
2.870013219
issued_shares_m
13.136544354
forecast_price_eur
21.847550934
old_holder_fraction_after
0.890129068
51
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
0.890003304
52
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
53
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
1.041726208
company_liability_accrued_oku
3.073287354
ex_date_assumed

2033-04-28

record_date_assumed

2033-04-29

payment_date_assumed

2033-05-18

confirmed
いいえ
54
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
295.018722816
confirmed
いいえ
55
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
56
内容を開く
year
6.529774127
想定日

2033-05-18

金額
2.735235899
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
1.041726208
wdp_company_cash_total_oku
3.073287354
eligible_old_shares_m
262.567638
entitlement_rule

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

57
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
0.08
issued_shares_m
0.358993888
forecast_issue_price_eur
22.284501952
old_holder_share_fraction_after
0.888921618
58
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
2.848274643
issued_shares_m
12.781414854
forecast_price_eur
22.284501952
old_holder_fraction_after
0.852052109
59
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
0.851938911
60
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
61
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
1.005265791
company_liability_accrued_oku
3.098229943
ex_date_assumed

2034-04-27

record_date_assumed

2034-04-28

payment_date_assumed

2034-05-17

confirmed
いいえ
62
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
308.200077072
confirmed
いいえ
63
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
64
内容を開く
year
7.526351814
想定日

2034-05-17

金額
2.639502643
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
1.005265791
wdp_company_cash_total_oku
3.098229943
eligible_old_shares_m
262.567638
entitlement_rule

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

65
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
0.08
issued_shares_m
0.351954792
forecast_issue_price_eur
22.730191991
old_holder_share_fraction_after
0.850967133
66
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
2.815562689
issued_shares_m
12.386884764
forecast_price_eur
22.730191991
old_holder_fraction_after
0.818123401
67
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
0.818020883
68
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
69
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
0.970081488
company_liability_accrued_oku
3.1137592
ex_date_assumed

2035-04-26

record_date_assumed

2035-04-27

payment_date_assumed

2035-05-16

confirmed
いいえ
70
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
320.979138156
confirmed
いいえ
71
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
72
内容を開く
year
8.5229295
想定日

2035-05-16

金額
2.54712005
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
0.970081488
wdp_company_cash_total_oku
3.1137592
eligible_old_shares_m
262.567638
entitlement_rule

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

73
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
0.08
issued_shares_m
0.345053718
forecast_issue_price_eur
23.184795831
old_holder_share_fraction_after
0.817142452
74
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
2.772263319
issued_shares_m
11.957247064
forecast_price_eur
23.184795831
old_holder_fraction_after
0.787825565
75
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
0.78773218
76
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
77
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
0.936128636
company_liability_accrued_oku
3.120312856
ex_date_assumed

2036-04-24

record_date_assumed

2036-04-25

payment_date_assumed

2036-05-21

confirmed
いいえ
78
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
333.320949279
confirmed
いいえ
79
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
80
内容を開く
year
9.538672142
想定日

2036-05-21

金額
2.457970848
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
0.936128636
wdp_company_cash_total_oku
3.120312856
eligible_old_shares_m
262.567638
entitlement_rule

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

81
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
0.067978142
issued_shares_m
0.287452337
forecast_issue_price_eur
23.648491748
old_holder_share_fraction_after
0.787053434
82
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
2.779929789
issued_shares_m
11.755209672
forecast_price_eur
23.648491748
old_holder_fraction_after
0.76026434
83
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
いいえ
merger_completion_confirmed_as_of_base_date
いいえ
merger_policy

transaction fails, WDP remains independent

assumptions
内容を開く
merger
いいえ
merger_date
未確認
withdrawal_fraction
0
late_argan_fy26_dps
0
organic
0.002
debt_rate
0.055
capex
2.65
dev_yield
0.051
cap
0.078
dps_g
-0.035
kind
0.08
min_issue
0.15
max_ltv
0.54
post_2036_g
0.005
fv0
-0.024
low0
0
maint
0.58
extra_admin
0.06
buyback
0
corp_k
0.12
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
未確認
期間内の親会社利益合計(億)
16.2950392
期間内株主受取
29.00516177
終価
13.352234645
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
0
argan_post_special_cash_brought_in_oku
0
gross_debt_net_issuance_positive_or_repayment_negative_oku
3.812166352
cash_rollforward_residual_oku
0
opening_wdp_holder_shares_m
262.567638
opening_issuer_shares_m
262.567638
gross_property_noi_oku
5.034822333
corporate_admin_expense_oku
0.331175
noncash_sbc_expense_in_ifrs_oku
0.009
depreciation_oku
0.075
noncash_property_fair_value_profit_oku
-2.126136832
ifrs_operating_profit_before_merger_cost_oku
2.493510501
ifrs_merger_cost_recognized_in_operating_profit_oku
0
ifrs_operating_profit_oku
2.493510501
net_finance_expense_oku
1.920067975
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
0.780442526
ifrs_total_tax_oku
0.105
cash_tax_before_merger_cost_deduction_oku
0.105
merger_cost_tax_relief_rate_assumed
0
merger_cost_tax_relief_cash_oku
0
pretax_nonmerger_earnings_oku
0.780442526
statutory_pretax_merger_cost_included
はい
of_which_cash_tax_proxy_oku
0.105
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
0.675442526
parent_recurring_earnings_ex_fv_oku
2.801579357
noncash_sbc_cashflow_addback_oku
0.009
noncash_depreciation_addback_oku
0.075
operating_cash_after_finance_tax_before_maintenance_oku
2.718579357
maintenance_capex_cash_oku
0.58
sustainable_cash_after_maintenance_before_growth_oku
2.138579357
cash_after_maintenance_and_growth_before_shareholders_oku
-0.511420643
growth_capex_cash_oku
2.65
property_sales_cash_oku
0
property_in_kind_noncash_oku
0.08
forecast_property_in_kind_shares_issued_m
0.404285426
issuer_buyback_shares_repur_m
0
nci_dividends_cash_oku
0
nci_profit_annualized_H1_actual_proxy_oku
0
company_dividend_cash_oku
3.38712253
company_tender_buyback_cash_oku
0
external_paid_equity_cash_oku
0.15
new_cash_shares_issued_m
0.758035173
argan_merger_shares_issued_m
0
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
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
53.905380161
closing_net_financial_debt_oku
38.400869993
closing_gross_financial_debt_proxy_oku
38.93602738
closing_cash_proxy_oku
0.535157387
closing_nci_equity_oku
0
closing_carried_property_and_energy_proxy_oku
89.192897826
property_proxy_excludes_JV_book_and_JV_NOI
はい
closing_full_year_property_noi_runrate_oku
5.095427467
closing_issuer_shares_m
263.775530065
closing_old_cohort_shares_m
262.567638
closing_old_cohort_fraction
0.995420758
model_financial_ltv_proxy
0.430537307
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
0.051
organic_noi_growth_assumption
-0.012
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
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
5.009436859
wdp_rental_ifrs_revenue_oku
5.009436859
argan_rental_ifrs_revenue_oku
0
tenant_charges_recovered_as_income_oku
0.439707762
other_property_income_net_incl_energy_oku
0.376945409
energy_sales_of_wdp_memo_subset_not_additive_oku
0.31370175
early_termination_wdp_memo_subset_not_additive_oku
0.035327889
modeled_positive_ifrs_operating_revenue_lines_oku
5.826090031
leasing_cost_oku
0.004826815
tenant_reimbursable_occupancy_cost_oku
0.554574969
property_technical_expense_oku
0.130337769
energy_operating_cost_allocated_WITHIN_technical_expense_memo_oku
0.035520411
nonenergy_technical_expense_balance_oku
0.094817358
property_commercial_expense_oku
0.019541039
property_management_expense_oku
0.081973353
ARGAN_other_direct_property_expense_oku
0
direct_property_costs_total_EXCLUDING_duplicate_energy_memo_oku
0.791253946
source_table_rounding_allocation_oku
-1.3752E-5
net_operating_property_contribution_including_energy_oku
5.034822333
wdp_component_net_operating_contribution_oku
5.034822333
ARGAN_component_net_operating_contribution_oku
0
wdp_company_admin_expense_oku
0.331175
argan_company_admin_expense_oku
0
model_synergy_reduction_of_admin_oku
0
group_company_admin_expense_after_synergy_oku
0.331175
wdp_noncash_depreciation_oku
0.075
argan_noncash_depreciation_assumed_oku
0
group_noncash_depreciation_oku
0.075
group_noncash_stock_comp_expense_oku
0.009
noncash_property_revaluation_gain_or_loss_oku
-2.126136832
merger_advisory_cost_expensed_pnl_oku
0
merger_company_equity_direct_fee_if_IFRS32_oku
0
ifrs_operating_profit_oku
2.493510501
net_finance_expense_oku
1.920067975
equity_accounted_JV_profit_outside_IFRS_sales_oku
0.207
ifrs_profit_before_tax_oku
0.780442526
ifrs_tax_expense_oku
0.105
noncontrolling_interest_profit_oku
0
ifrs_parent_net_profit_oku
0.675442526
maintenance_capex_BS_cash_not_current_revenue_expense_oku
0.58
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
2.493510501
ifrs_pre_tax_bridge_oku
0.780442526
parent_profit_bridge_oku
0.675442526
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
53.905380161
opening_net_financial_debt_oku
38.400869993
opening_jv_book_oku
3.870285479
opening_nci_equity_oku
0
opening_gross_financial_debt_proxy_oku
38.93602738
opening_cash_proxy_oku
0.535157387
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
3.880038818
cash_rollforward_residual_oku
-0
opening_wdp_holder_shares_m
262.567638
opening_issuer_shares_m
263.775530065
gross_property_noi_oku
5.113996335
corporate_admin_expense_oku
0.337467325
noncash_sbc_expense_in_ifrs_oku
0.009
depreciation_oku
0.075
noncash_property_fair_value_profit_oku
-2.140629548
ifrs_operating_profit_before_merger_cost_oku
2.551899462
ifrs_merger_cost_recognized_in_operating_profit_oku
0
ifrs_operating_profit_oku
2.551899462
net_finance_expense_oku
2.12976522
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
0.629134243
ifrs_total_tax_oku
0.105
cash_tax_before_merger_cost_deduction_oku
0.105
merger_cost_tax_relief_rate_assumed
0
merger_cost_tax_relief_cash_oku
0
pretax_nonmerger_earnings_oku
0.629134243
statutory_pretax_merger_cost_included
はい
of_which_cash_tax_proxy_oku
0.105
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
0.524134243
parent_recurring_earnings_ex_fv_oku
2.66476379
noncash_sbc_cashflow_addback_oku
0.009
noncash_depreciation_addback_oku
0.075
operating_cash_after_finance_tax_before_maintenance_oku
2.58176379
maintenance_capex_cash_oku
0.58
sustainable_cash_after_maintenance_before_growth_oku
2.00176379
cash_after_maintenance_and_growth_before_shareholders_oku
-0.68268621
growth_capex_cash_oku
2.68445
property_sales_cash_oku
0
property_in_kind_noncash_oku
0.08
forecast_property_in_kind_shares_issued_m
0.39635826
issuer_buyback_shares_repur_m
0
nci_dividends_cash_oku
0
nci_profit_annualized_H1_actual_proxy_oku
0
company_dividend_cash_oku
3.283609686
company_tender_buyback_cash_oku
0
external_paid_equity_cash_oku
0.15
new_cash_shares_issued_m
0.743171738
argan_merger_shares_issued_m
0
forecast_sbc_shares_delivered_m
0.044765684
sbc_equity_credit_oku
0.009
old_cohort_dividend_received_oku
3.268573242
old_cohort_buyback_received_oku
0
old_cohort_total_real_cash_received_oku
3.268573242
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
51.384904718
closing_net_financial_debt_oku
42.277165889
closing_gross_financial_debt_proxy_oku
42.816066199
closing_cash_proxy_oku
0.53890031
closing_nci_equity_oku
0
closing_carried_property_and_energy_proxy_oku
89.816718278
property_proxy_excludes_JV_book_and_JV_NOI
はい
closing_full_year_property_noi_runrate_oku
5.175269288
closing_issuer_shares_m
264.959825747
closing_old_cohort_shares_m
262.567638
closing_old_cohort_fraction
0.990971508
model_financial_ltv_proxy
0.470704861
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
1.24485
old_cash_paid_oku
3.268573242
company_cash_paid_oku
3.283609686
old_shares_entitled_m
262.567638
company_shares_entitled_m
263.775530065
company_liability_on_declaration_oku
3.283609686
状態

future_scenario_assumption

growth_asset_yield_assumption
0.051
organic_noi_growth_assumption
-0.012
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
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
5.088211667
wdp_rental_ifrs_revenue_oku
5.088211667
argan_rental_ifrs_revenue_oku
0
tenant_charges_recovered_as_income_oku
0.446622291
other_property_income_net_incl_energy_oku
0.382872982
energy_sales_of_wdp_memo_subset_not_additive_oku
0.318634799
early_termination_wdp_memo_subset_not_additive_oku
0.03588343
modeled_positive_ifrs_operating_revenue_lines_oku
5.91770694
leasing_cost_oku
0.004902719
tenant_reimbursable_occupancy_cost_oku
0.563295817
property_technical_expense_oku
0.132387367
energy_operating_cost_allocated_WITHIN_technical_expense_memo_oku
0.03607898
nonenergy_technical_expense_balance_oku
0.096308388
property_commercial_expense_oku
0.019848328
property_management_expense_oku
0.083262407
ARGAN_other_direct_property_expense_oku
0
direct_property_costs_total_EXCLUDING_duplicate_energy_memo_oku
0.803696638
source_table_rounding_allocation_oku
-1.3968E-5
net_operating_property_contribution_including_energy_oku
5.113996335
wdp_component_net_operating_contribution_oku
5.113996335
ARGAN_component_net_operating_contribution_oku
0
wdp_company_admin_expense_oku
0.337467325
argan_company_admin_expense_oku
0
model_synergy_reduction_of_admin_oku
0
group_company_admin_expense_after_synergy_oku
0.337467325
wdp_noncash_depreciation_oku
0.075
argan_noncash_depreciation_assumed_oku
0
group_noncash_depreciation_oku
0.075
group_noncash_stock_comp_expense_oku
0.009
noncash_property_revaluation_gain_or_loss_oku
-2.140629548
merger_advisory_cost_expensed_pnl_oku
0
merger_company_equity_direct_fee_if_IFRS32_oku
0
ifrs_operating_profit_oku
2.551899462
net_finance_expense_oku
2.12976522
equity_accounted_JV_profit_outside_IFRS_sales_oku
0.207
ifrs_profit_before_tax_oku
0.629134243
ifrs_tax_expense_oku
0.105
noncontrolling_interest_profit_oku
0
ifrs_parent_net_profit_oku
0.524134243
maintenance_capex_BS_cash_not_current_revenue_expense_oku
0.58
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
2.551899462
ifrs_pre_tax_bridge_oku
0.629134242
parent_profit_bridge_oku
0.524134242
revenue_to_NOI_rounding_residual_oku
0
NOI_to_ebit_rounding_residual_oku
0
pbt_to_parent_rounding_residual_oku
-1.0E-9
gross_property_noi_is_not_IFRS_revenue
はい
gross_property_noi_definition

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

4
内容を開く
period_index
3
period_type

full_fiscal_year

fiscal_year
2029
開始日

2029-01-01

終了日

2029-12-31

calendar_days
365
fiscal_denominator_days
365
year_fraction
1
end_time_years_act365_25
3.151266256
source_data_status

projection_after_2026_11_06

opening_parent_equity_oku
51.384904718
opening_net_financial_debt_oku
42.277165889
opening_jv_book_oku
4.097285479
opening_nci_equity_oku
0
opening_gross_financial_debt_proxy_oku
42.816066199
opening_cash_proxy_oku
0.53890031
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
3.953763881
cash_rollforward_residual_oku
0
opening_wdp_holder_shares_m
262.567638
opening_issuer_shares_m
264.959825747
gross_property_noi_oku
5.193974037
corporate_admin_expense_oku
0.343879204
noncash_sbc_expense_in_ifrs_oku
0.009
depreciation_oku
0.075
noncash_property_fair_value_profit_oku
-2.155601239
ifrs_operating_profit_before_merger_cost_oku
2.610493594
ifrs_merger_cost_recognized_in_operating_profit_oku
0
ifrs_operating_profit_oku
2.610493594
net_finance_expense_oku
2.343188864
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
0.47430473
ifrs_total_tax_oku
0.105
cash_tax_before_merger_cost_deduction_oku
0.105
merger_cost_tax_relief_rate_assumed
0
merger_cost_tax_relief_cash_oku
0
pretax_nonmerger_earnings_oku
0.47430473
statutory_pretax_merger_cost_included
はい
of_which_cash_tax_proxy_oku
0.105
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
0.36930473
parent_recurring_earnings_ex_fv_oku
2.524905969
noncash_sbc_cashflow_addback_oku
0.009
noncash_depreciation_addback_oku
0.075
operating_cash_after_finance_tax_before_maintenance_oku
2.441905969
maintenance_capex_cash_oku
0.58
sustainable_cash_after_maintenance_before_growth_oku
1.861905969
cash_after_maintenance_and_growth_before_shareholders_oku
-0.856994031
growth_capex_cash_oku
2.7189
property_sales_cash_oku
0
property_in_kind_noncash_oku
0.08
forecast_property_in_kind_shares_issued_m
0.38858653
issuer_buyback_shares_repur_m
0
nci_dividends_cash_oku
0
nci_profit_annualized_H1_actual_proxy_oku
0
company_dividend_cash_oku
3.182910057
company_tender_buyback_cash_oku
0
external_paid_equity_cash_oku
0.15
new_cash_shares_issued_m
0.728599743
argan_merger_shares_issued_m
0
forecast_sbc_shares_delivered_m
0.043974149
sbc_equity_credit_oku
0.009
old_cohort_dividend_received_oku
3.154173178
old_cohort_buyback_received_oku
0
old_cohort_total_real_cash_received_oku
3.154173178
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
48.810299391
closing_net_financial_debt_oku
46.227069977
closing_gross_financial_debt_proxy_oku
46.769830079
closing_cash_proxy_oku
0.542760102
closing_nci_equity_oku
0
closing_carried_property_and_energy_proxy_oku
90.460017039
property_proxy_excludes_JV_book_and_JV_NOI
はい
closing_full_year_property_noi_runrate_oku
5.255909956
closing_issuer_shares_m
266.120986169
closing_old_cohort_shares_m
262.567638
closing_old_cohort_fraction
0.986647621
model_financial_ltv_proxy
0.511022123
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
1.20128025
old_cash_paid_oku
3.154173178
company_cash_paid_oku
3.182910057
old_shares_entitled_m
262.567638
company_shares_entitled_m
264.959825747
company_liability_on_declaration_oku
3.182910057
状態

future_scenario_assumption

growth_asset_yield_assumption
0.051
organic_noi_growth_assumption
-0.012
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
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
5.167786123
wdp_rental_ifrs_revenue_oku
5.167786123
argan_rental_ifrs_revenue_oku
0
tenant_charges_recovered_as_income_oku
0.453607009
other_property_income_net_incl_energy_oku
0.388860726
energy_sales_of_wdp_memo_subset_not_additive_oku
0.323617923
early_termination_wdp_memo_subset_not_additive_oku
0.03644461
modeled_positive_ifrs_operating_revenue_lines_oku
6.010253859
leasing_cost_oku
0.004979392
tenant_reimbursable_occupancy_cost_oku
0.57210519
property_technical_expense_oku
0.134457771
energy_operating_cost_allocated_WITHIN_technical_expense_memo_oku
0.036643218
nonenergy_technical_expense_balance_oku
0.097814553
property_commercial_expense_oku
0.020158735
property_management_expense_oku
0.084564547
ARGAN_other_direct_property_expense_oku
0
direct_property_costs_total_EXCLUDING_duplicate_energy_memo_oku
0.816265636
source_table_rounding_allocation_oku
-1.4186E-5
net_operating_property_contribution_including_energy_oku
5.193974037
wdp_component_net_operating_contribution_oku
5.193974037
ARGAN_component_net_operating_contribution_oku
0
wdp_company_admin_expense_oku
0.343879204
argan_company_admin_expense_oku
0
model_synergy_reduction_of_admin_oku
0
group_company_admin_expense_after_synergy_oku
0.343879204
wdp_noncash_depreciation_oku
0.075
argan_noncash_depreciation_assumed_oku
0
group_noncash_depreciation_oku
0.075
group_noncash_stock_comp_expense_oku
0.009
noncash_property_revaluation_gain_or_loss_oku
-2.155601239
merger_advisory_cost_expensed_pnl_oku
0
merger_company_equity_direct_fee_if_IFRS32_oku
0
ifrs_operating_profit_oku
2.610493594
net_finance_expense_oku
2.343188864
equity_accounted_JV_profit_outside_IFRS_sales_oku
0.207
ifrs_profit_before_tax_oku
0.47430473
ifrs_tax_expense_oku
0.105
noncontrolling_interest_profit_oku
0
ifrs_parent_net_profit_oku
0.36930473
maintenance_capex_BS_cash_not_current_revenue_expense_oku
0.58
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
2.610493594
ifrs_pre_tax_bridge_oku
0.47430473
parent_profit_bridge_oku
0.36930473
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
48.810299391
opening_net_financial_debt_oku
46.227069977
opening_jv_book_oku
4.324285479
opening_nci_equity_oku
0
opening_gross_financial_debt_proxy_oku
46.769830079
opening_cash_proxy_oku
0.542760102
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
3.970783647
cash_rollforward_residual_oku
0
opening_wdp_holder_shares_m
262.567638
opening_issuer_shares_m
266.120986169
gross_property_noi_oku
5.274745794
corporate_admin_expense_oku
0.350412909
noncash_sbc_expense_in_ifrs_oku
0.009
depreciation_oku
0.075
noncash_property_fair_value_profit_oku
-0.361840068
ifrs_operating_profit_before_merger_cost_oku
4.478492817
ifrs_merger_cost_recognized_in_operating_profit_oku
0
ifrs_operating_profit_oku
4.478492817
net_finance_expense_oku
2.560660959
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
2.124831858
ifrs_total_tax_oku
0.105
cash_tax_before_merger_cost_deduction_oku
0.105
merger_cost_tax_relief_rate_assumed
0
merger_cost_tax_relief_cash_oku
0
pretax_nonmerger_earnings_oku
2.124831858
statutory_pretax_merger_cost_included
はい
of_which_cash_tax_proxy_oku
0.105
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
2.019831858
parent_recurring_earnings_ex_fv_oku
2.381671926
noncash_sbc_cashflow_addback_oku
0.009
noncash_depreciation_addback_oku
0.075
operating_cash_after_finance_tax_before_maintenance_oku
2.298671926
maintenance_capex_cash_oku
0.58
sustainable_cash_after_maintenance_before_growth_oku
1.718671926
cash_after_maintenance_and_growth_before_shareholders_oku
-1.034678074
growth_capex_cash_oku
2.75335
property_sales_cash_oku
0
property_in_kind_noncash_oku
0.08
forecast_property_in_kind_shares_issued_m
0.380967186
issuer_buyback_shares_repur_m
0
nci_dividends_cash_oku
0
nci_profit_annualized_H1_actual_proxy_oku
0
company_dividend_cash_oku
3.084968788
company_tender_buyback_cash_oku
0
external_paid_equity_cash_oku
0.223692274
new_cash_shares_issued_m
1.065242701
argan_merger_shares_issued_m
0
forecast_sbc_shares_delivered_m
0.04319661
sbc_equity_credit_oku
0.009
old_cohort_dividend_received_oku
3.043777116
old_cohort_buyback_received_oku
0
old_cohort_total_real_cash_received_oku
3.043777116
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
48.057854735
closing_net_financial_debt_oku
50.183024564
closing_gross_financial_debt_proxy_oku
50.740613726
closing_cash_proxy_oku
0.557589162
closing_nci_equity_oku
0
closing_carried_property_and_energy_proxy_oku
92.931526971
property_proxy_excludes_JV_book_and_JV_NOI
はい
closing_full_year_property_noi_runrate_oku
5.337339887
closing_issuer_shares_m
267.610392666
closing_old_cohort_shares_m
262.567638
closing_old_cohort_fraction
0.981156357
model_financial_ltv_proxy
0.54
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
1.159235441
old_cash_paid_oku
3.043777116
company_cash_paid_oku
3.084968788
old_shares_entitled_m
262.567638
company_shares_entitled_m
266.120986169
company_liability_on_declaration_oku
3.084968788
状態

future_scenario_assumption

growth_asset_yield_assumption
0.051
organic_noi_growth_assumption
-0.012
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
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
5.248150631
wdp_rental_ifrs_revenue_oku
5.248150631
argan_rental_ifrs_revenue_oku
0
tenant_charges_recovered_as_income_oku
0.460661075
other_property_income_net_incl_energy_oku
0.39490792
energy_sales_of_wdp_memo_subset_not_additive_oku
0.328650522
early_termination_wdp_memo_subset_not_additive_oku
0.037011362
modeled_positive_ifrs_operating_revenue_lines_oku
6.103719625
leasing_cost_oku
0.005056827
tenant_reimbursable_occupancy_cost_oku
0.581002028
property_technical_expense_oku
0.136548731
energy_operating_cost_allocated_WITHIN_technical_expense_memo_oku
0.037213059
nonenergy_technical_expense_balance_oku
0.099335672
property_commercial_expense_oku
0.020472225
property_management_expense_oku
0.085879614
ARGAN_other_direct_property_expense_oku
0
direct_property_costs_total_EXCLUDING_duplicate_energy_memo_oku
0.828959424
source_table_rounding_allocation_oku
-1.4407E-5
net_operating_property_contribution_including_energy_oku
5.274745794
wdp_component_net_operating_contribution_oku
5.274745794
ARGAN_component_net_operating_contribution_oku
0
wdp_company_admin_expense_oku
0.350412909
argan_company_admin_expense_oku
0
model_synergy_reduction_of_admin_oku
0
group_company_admin_expense_after_synergy_oku
0.350412909
wdp_noncash_depreciation_oku
0.075
argan_noncash_depreciation_assumed_oku
0
group_noncash_depreciation_oku
0.075
group_noncash_stock_comp_expense_oku
0.009
noncash_property_revaluation_gain_or_loss_oku
-0.361840068
merger_advisory_cost_expensed_pnl_oku
0
merger_company_equity_direct_fee_if_IFRS32_oku
0
ifrs_operating_profit_oku
4.478492817
net_finance_expense_oku
2.560660959
equity_accounted_JV_profit_outside_IFRS_sales_oku
0.207
ifrs_profit_before_tax_oku
2.124831858
ifrs_tax_expense_oku
0.105
noncontrolling_interest_profit_oku
0
ifrs_parent_net_profit_oku
2.019831858
maintenance_capex_BS_cash_not_current_revenue_expense_oku
0.58
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
4.478492817
ifrs_pre_tax_bridge_oku
2.124831858
parent_profit_bridge_oku
2.019831858
revenue_to_NOI_rounding_residual_oku
-0
NOI_to_ebit_rounding_residual_oku
0
pbt_to_parent_rounding_residual_oku
0
gross_property_noi_is_not_IFRS_revenue
はい
gross_property_noi_definition

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

6
内容を開く
period_index
5
period_type

full_fiscal_year

fiscal_year
2031
開始日

2031-01-01

終了日

2031-12-31

calendar_days
365
fiscal_denominator_days
365
year_fraction
1
end_time_years_act365_25
5.149897331
source_data_status

projection_after_2026_11_06

opening_parent_equity_oku
48.057854735
opening_net_financial_debt_oku
50.183024564
opening_jv_book_oku
4.551285479
opening_nci_equity_oku
0
opening_gross_financial_debt_proxy_oku
50.740613726
opening_cash_proxy_oku
0.557589162
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
1.362856345
cash_rollforward_residual_oku
-0
opening_wdp_holder_shares_m
262.567638
opening_issuer_shares_m
267.610392666
gross_property_noi_oku
5.393663457
corporate_admin_expense_oku
0.357070754
noncash_sbc_expense_in_ifrs_oku
0.009
depreciation_oku
0.075
noncash_property_fair_value_profit_oku
-0.371726108
ifrs_operating_profit_before_merger_cost_oku
4.580866595
ifrs_merger_cost_recognized_in_operating_profit_oku
0
ifrs_operating_profit_oku
4.580866595
net_finance_expense_oku
2.778465831
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
2.009400764
ifrs_total_tax_oku
0.105
cash_tax_before_merger_cost_deduction_oku
0.105
merger_cost_tax_relief_rate_assumed
0
merger_cost_tax_relief_cash_oku
0
pretax_nonmerger_earnings_oku
2.009400764
statutory_pretax_merger_cost_included
はい
of_which_cash_tax_proxy_oku
0.105
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
1.904400764
parent_recurring_earnings_ex_fv_oku
2.276126871
noncash_sbc_cashflow_addback_oku
0.009
noncash_depreciation_addback_oku
0.075
operating_cash_after_finance_tax_before_maintenance_oku
2.193126871
maintenance_capex_cash_oku
0.58
sustainable_cash_after_maintenance_before_growth_oku
1.613126871
cash_after_maintenance_and_growth_before_shareholders_oku
-1.174673129
growth_capex_cash_oku
2.7878
property_sales_cash_oku
0
property_in_kind_noncash_oku
0.08
forecast_property_in_kind_shares_issued_m
0.373497241
issuer_buyback_shares_repur_m
0
nci_dividends_cash_oku
0
nci_profit_annualized_H1_actual_proxy_oku
0
company_dividend_cash_oku
2.993656309
company_tender_buyback_cash_oku
0
external_paid_equity_cash_oku
2.880449536
new_cash_shares_issued_m
13.447999436
argan_merger_shares_issued_m
0
forecast_sbc_shares_delivered_m
0.042432819
sbc_equity_credit_oku
0.009
old_cohort_dividend_received_oku
2.937244918
old_cohort_buyback_received_oku
0
old_cohort_total_real_cash_received_oku
2.937244918
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
49.938048726
closing_net_financial_debt_oku
51.530904466
closing_gross_financial_debt_proxy_oku
52.103470071
closing_cash_proxy_oku
0.572565605
closing_nci_equity_oku
0
closing_carried_property_and_energy_proxy_oku
95.427600863
property_proxy_excludes_JV_book_and_JV_NOI
はい
closing_full_year_property_noi_runrate_oku
5.494272367
closing_issuer_shares_m
281.474322162
closing_old_cohort_shares_m
262.567638
closing_old_cohort_fraction
0.932829808
model_financial_ltv_proxy
0.54
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
1.118662201
old_cash_paid_oku
2.937244918
company_cash_paid_oku
2.993656309
old_shares_entitled_m
262.567638
company_shares_entitled_m
267.610392666
company_liability_on_declaration_oku
2.993656309
状態

future_scenario_assumption

growth_asset_yield_assumption
0.051
organic_noi_growth_assumption
0.002
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
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
5.366468713
wdp_rental_ifrs_revenue_oku
5.366468713
argan_rental_ifrs_revenue_oku
0
tenant_charges_recovered_as_income_oku
0.47104655
other_property_income_net_incl_energy_oku
0.403811008
energy_sales_of_wdp_memo_subset_not_additive_oku
0.336059856
early_termination_wdp_memo_subset_not_additive_oku
0.037845773
modeled_positive_ifrs_operating_revenue_lines_oku
6.241326271
leasing_cost_oku
0.005170832
tenant_reimbursable_occupancy_cost_oku
0.594100555
property_technical_expense_oku
0.139627184
energy_operating_cost_allocated_WITHIN_technical_expense_memo_oku
0.038052017
nonenergy_technical_expense_balance_oku
0.101575167
property_commercial_expense_oku
0.020933765
property_management_expense_oku
0.087815746
ARGAN_other_direct_property_expense_oku
0
direct_property_costs_total_EXCLUDING_duplicate_energy_memo_oku
0.847648082
source_table_rounding_allocation_oku
-1.4732E-5
net_operating_property_contribution_including_energy_oku
5.393663457
wdp_component_net_operating_contribution_oku
5.393663457
ARGAN_component_net_operating_contribution_oku
0
wdp_company_admin_expense_oku
0.357070754
argan_company_admin_expense_oku
0
model_synergy_reduction_of_admin_oku
0
group_company_admin_expense_after_synergy_oku
0.357070754
wdp_noncash_depreciation_oku
0.075
argan_noncash_depreciation_assumed_oku
0
group_noncash_depreciation_oku
0.075
group_noncash_stock_comp_expense_oku
0.009
noncash_property_revaluation_gain_or_loss_oku
-0.371726108
merger_advisory_cost_expensed_pnl_oku
0
merger_company_equity_direct_fee_if_IFRS32_oku
0
ifrs_operating_profit_oku
4.580866595
net_finance_expense_oku
2.778465831
equity_accounted_JV_profit_outside_IFRS_sales_oku
0.207
ifrs_profit_before_tax_oku
2.009400764
ifrs_tax_expense_oku
0.105
noncontrolling_interest_profit_oku
0
ifrs_parent_net_profit_oku
1.904400764
maintenance_capex_BS_cash_not_current_revenue_expense_oku
0.58
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
4.580866595
ifrs_pre_tax_bridge_oku
2.009400764
parent_profit_bridge_oku
1.904400764
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
49.938048726
opening_net_financial_debt_oku
51.530904466
opening_jv_book_oku
4.778285479
opening_nci_equity_oku
0
opening_gross_financial_debt_proxy_oku
52.103470071
opening_cash_proxy_oku
0.572565605
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
1.37621462
cash_rollforward_residual_oku
-0
opening_wdp_holder_shares_m
262.567638
opening_issuer_shares_m
281.474322162
gross_property_noi_oku
5.551367802
corporate_admin_expense_oku
0.363855099
noncash_sbc_expense_in_ifrs_oku
0.009
depreciation_oku
0.075
noncash_property_fair_value_profit_oku
-0.381710403
ifrs_operating_profit_before_merger_cost_oku
4.721802299
ifrs_merger_cost_recognized_in_operating_profit_oku
0
ifrs_operating_profit_oku
4.721802299
net_finance_expense_oku
2.852826596
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
2.075975704
ifrs_total_tax_oku
0.105
cash_tax_before_merger_cost_deduction_oku
0.105
merger_cost_tax_relief_rate_assumed
0
merger_cost_tax_relief_cash_oku
0
pretax_nonmerger_earnings_oku
2.075975704
statutory_pretax_merger_cost_included
はい
of_which_cash_tax_proxy_oku
0.105
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
1.970975704
parent_recurring_earnings_ex_fv_oku
2.352686107
noncash_sbc_cashflow_addback_oku
0.009
noncash_depreciation_addback_oku
0.075
operating_cash_after_finance_tax_before_maintenance_oku
2.269686107
maintenance_capex_cash_oku
0.58
sustainable_cash_after_maintenance_before_growth_oku
1.689686107
cash_after_maintenance_and_growth_before_shareholders_oku
-1.132563893
growth_capex_cash_oku
2.82225
property_sales_cash_oku
0
property_in_kind_noncash_oku
0.08
forecast_property_in_kind_shares_issued_m
0.366173766
issuer_buyback_shares_repur_m
0
nci_dividends_cash_oku
0
nci_profit_annualized_H1_actual_proxy_oku
0
company_dividend_cash_oku
3.038540708
company_tender_buyback_cash_oku
0
external_paid_equity_cash_oku
2.870013219
new_cash_shares_issued_m
13.136544354
argan_merger_shares_issued_m
0
forecast_sbc_shares_delivered_m
0.041682534
sbc_equity_credit_oku
0.009
old_cohort_dividend_received_oku
2.834441346
old_cohort_buyback_received_oku
0
old_cohort_total_real_cash_received_oku
2.834441346
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
51.82949694
closing_net_financial_debt_oku
52.891995848
closing_gross_financial_debt_proxy_oku
53.479684691
closing_cash_proxy_oku
0.587688843
closing_nci_equity_oku
0
closing_carried_property_and_energy_proxy_oku
97.94814046
property_proxy_excludes_JV_book_and_JV_NOI
はい
closing_full_year_property_noi_runrate_oku
5.653275661
closing_issuer_shares_m
295.018722816
closing_old_cohort_shares_m
262.567638
closing_old_cohort_fraction
0.890003304
model_financial_ltv_proxy
0.54
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
1.079509024
old_cash_paid_oku
2.834441346
company_cash_paid_oku
3.038540708
old_shares_entitled_m
262.567638
company_shares_entitled_m
281.474322162
company_liability_on_declaration_oku
3.038540708
状態

future_scenario_assumption

growth_asset_yield_assumption
0.051
organic_noi_growth_assumption
0.002
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
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
5.523377916
wdp_rental_ifrs_revenue_oku
5.523377916
argan_rental_ifrs_revenue_oku
0
tenant_charges_recovered_as_income_oku
0.484819394
other_property_income_net_incl_energy_oku
0.415617964
energy_sales_of_wdp_memo_subset_not_additive_oku
0.345885849
early_termination_wdp_memo_subset_not_additive_oku
0.038952338
modeled_positive_ifrs_operating_revenue_lines_oku
6.423815275
leasing_cost_oku
0.005322021
tenant_reimbursable_occupancy_cost_oku
0.611471353
property_technical_expense_oku
0.143709717
energy_operating_cost_allocated_WITHIN_technical_expense_memo_oku
0.039164613
nonenergy_technical_expense_balance_oku
0.104545105
property_commercial_expense_oku
0.021545844
property_management_expense_oku
0.090383375
ARGAN_other_direct_property_expense_oku
0
direct_property_costs_total_EXCLUDING_duplicate_energy_memo_oku
0.87243231
source_table_rounding_allocation_oku
-1.5162E-5
net_operating_property_contribution_including_energy_oku
5.551367802
wdp_component_net_operating_contribution_oku
5.551367802
ARGAN_component_net_operating_contribution_oku
0
wdp_company_admin_expense_oku
0.363855099
argan_company_admin_expense_oku
0
model_synergy_reduction_of_admin_oku
0
group_company_admin_expense_after_synergy_oku
0.363855099
wdp_noncash_depreciation_oku
0.075
argan_noncash_depreciation_assumed_oku
0
group_noncash_depreciation_oku
0.075
group_noncash_stock_comp_expense_oku
0.009
noncash_property_revaluation_gain_or_loss_oku
-0.381710403
merger_advisory_cost_expensed_pnl_oku
0
merger_company_equity_direct_fee_if_IFRS32_oku
0
ifrs_operating_profit_oku
4.721802299
net_finance_expense_oku
2.852826596
equity_accounted_JV_profit_outside_IFRS_sales_oku
0.207
ifrs_profit_before_tax_oku
2.075975704
ifrs_tax_expense_oku
0.105
noncontrolling_interest_profit_oku
0
ifrs_parent_net_profit_oku
1.970975704
maintenance_capex_BS_cash_not_current_revenue_expense_oku
0.58
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
4.7218023
ifrs_pre_tax_bridge_oku
2.075975704
parent_profit_bridge_oku
1.970975704
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

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
51.82949694
opening_net_financial_debt_oku
52.891995848
opening_jv_book_oku
5.005285479
opening_nci_equity_oku
0
opening_gross_financial_debt_proxy_oku
53.479684691
opening_cash_proxy_oku
0.587688843
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
1.389519461
cash_rollforward_residual_oku
0
opening_wdp_holder_shares_m
262.567638
opening_issuer_shares_m
295.018722816
gross_property_noi_oku
5.711145032
corporate_admin_expense_oku
0.370768346
noncash_sbc_expense_in_ifrs_oku
0.009
depreciation_oku
0.075
noncash_property_fair_value_profit_oku
-0.391792562
ifrs_operating_profit_before_merger_cost_oku
4.864584125
ifrs_merger_cost_recognized_in_operating_profit_oku
0
ifrs_operating_profit_oku
4.864584125
net_finance_expense_oku
2.927913992
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
2.143670133
ifrs_total_tax_oku
0.105
cash_tax_before_merger_cost_deduction_oku
0.105
merger_cost_tax_relief_rate_assumed
0
merger_cost_tax_relief_cash_oku
0
pretax_nonmerger_earnings_oku
2.143670133
statutory_pretax_merger_cost_included
はい
of_which_cash_tax_proxy_oku
0.105
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
2.038670133
parent_recurring_earnings_ex_fv_oku
2.430462695
noncash_sbc_cashflow_addback_oku
0.009
noncash_depreciation_addback_oku
0.075
operating_cash_after_finance_tax_before_maintenance_oku
2.347462695
maintenance_capex_cash_oku
0.58
sustainable_cash_after_maintenance_before_growth_oku
1.767462695
cash_after_maintenance_and_growth_before_shareholders_oku
-1.089237305
growth_capex_cash_oku
2.8567
property_sales_cash_oku
0
property_in_kind_noncash_oku
0.08
forecast_property_in_kind_shares_issued_m
0.358993888
issuer_buyback_shares_repur_m
0
nci_dividends_cash_oku
0
nci_profit_annualized_H1_actual_proxy_oku
0
company_dividend_cash_oku
3.073287354
company_tender_buyback_cash_oku
0
external_paid_equity_cash_oku
2.848274643
new_cash_shares_issued_m
12.781414854
argan_merger_shares_issued_m
0
forecast_sbc_shares_delivered_m
0.040945515
sbc_equity_credit_oku
0.009
old_cohort_dividend_received_oku
2.735235899
old_cohort_buyback_received_oku
0
old_cohort_total_real_cash_received_oku
2.735235899
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
53.732154362
closing_net_financial_debt_oku
54.266245865
closing_gross_financial_debt_proxy_oku
54.869204152
closing_cash_proxy_oku
0.602958287
closing_nci_equity_oku
0
closing_carried_property_and_energy_proxy_oku
100.493047898
property_proxy_excludes_JV_book_and_JV_NOI
はい
closing_full_year_property_noi_runrate_oku
5.814353913
closing_issuer_shares_m
308.200077072
closing_old_cohort_shares_m
262.567638
closing_old_cohort_fraction
0.851938911
model_financial_ltv_proxy
0.54
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
1.041726208
old_cash_paid_oku
2.735235899
company_cash_paid_oku
3.073287354
old_shares_entitled_m
262.567638
company_shares_entitled_m
295.018722816
company_liability_on_declaration_oku
3.073287354
状態

future_scenario_assumption

growth_asset_yield_assumption
0.051
organic_noi_growth_assumption
0.002
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
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
5.682349552
wdp_rental_ifrs_revenue_oku
5.682349552
argan_rental_ifrs_revenue_oku
0
tenant_charges_recovered_as_income_oku
0.49877327
other_property_income_net_incl_energy_oku
0.427580113
energy_sales_of_wdp_memo_subset_not_additive_oku
0.355840996
early_termination_wdp_memo_subset_not_additive_oku
0.040073449
modeled_positive_ifrs_operating_revenue_lines_oku
6.608702936
leasing_cost_oku
0.005475197
tenant_reimbursable_occupancy_cost_oku
0.629070475
property_technical_expense_oku
0.147845913
energy_operating_cost_allocated_WITHIN_technical_expense_memo_oku
0.040291833
nonenergy_technical_expense_balance_oku
0.10755408
property_commercial_expense_oku
0.022165968
property_management_expense_oku
0.092984753
ARGAN_other_direct_property_expense_oku
0
direct_property_costs_total_EXCLUDING_duplicate_energy_memo_oku
0.897542305
source_table_rounding_allocation_oku
-1.5599E-5
net_operating_property_contribution_including_energy_oku
5.711145032
wdp_component_net_operating_contribution_oku
5.711145032
ARGAN_component_net_operating_contribution_oku
0
wdp_company_admin_expense_oku
0.370768346
argan_company_admin_expense_oku
0
model_synergy_reduction_of_admin_oku
0
group_company_admin_expense_after_synergy_oku
0.370768346
wdp_noncash_depreciation_oku
0.075
argan_noncash_depreciation_assumed_oku
0
group_noncash_depreciation_oku
0.075
group_noncash_stock_comp_expense_oku
0.009
noncash_property_revaluation_gain_or_loss_oku
-0.391792562
merger_advisory_cost_expensed_pnl_oku
0
merger_company_equity_direct_fee_if_IFRS32_oku
0
ifrs_operating_profit_oku
4.864584125
net_finance_expense_oku
2.927913992
equity_accounted_JV_profit_outside_IFRS_sales_oku
0.207
ifrs_profit_before_tax_oku
2.143670133
ifrs_tax_expense_oku
0.105
noncontrolling_interest_profit_oku
0
ifrs_parent_net_profit_oku
2.038670133
maintenance_capex_BS_cash_not_current_revenue_expense_oku
0.58
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
4.864584124
ifrs_pre_tax_bridge_oku
2.143670132
parent_profit_bridge_oku
2.038670132
revenue_to_NOI_rounding_residual_oku
0
NOI_to_ebit_rounding_residual_oku
-1.0E-9
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

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
53.732154362
opening_net_financial_debt_oku
54.266245865
opening_jv_book_oku
5.232285479
opening_nci_equity_oku
0
opening_gross_financial_debt_proxy_oku
54.869204152
opening_cash_proxy_oku
0.602958287
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
1.402771083
cash_rollforward_residual_oku
-0
opening_wdp_holder_shares_m
262.567638
opening_issuer_shares_m
308.200077072
gross_property_noi_oku
5.872999294
corporate_admin_expense_oku
0.377812944
noncash_sbc_expense_in_ifrs_oku
0.009
depreciation_oku
0.075
noncash_property_fair_value_profit_oku
-0.401972192
ifrs_operating_profit_before_merger_cost_oku
5.009214158
ifrs_merger_cost_recognized_in_operating_profit_oku
0
ifrs_operating_profit_oku
5.009214158
net_finance_expense_oku
3.003725113
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
2.212489046
ifrs_total_tax_oku
0.105
cash_tax_before_merger_cost_deduction_oku
0.105
merger_cost_tax_relief_rate_assumed
0
merger_cost_tax_relief_cash_oku
0
pretax_nonmerger_earnings_oku
2.212489046
statutory_pretax_merger_cost_included
はい
of_which_cash_tax_proxy_oku
0.105
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
2.107489046
parent_recurring_earnings_ex_fv_oku
2.509461237
noncash_sbc_cashflow_addback_oku
0.009
noncash_depreciation_addback_oku
0.075
operating_cash_after_finance_tax_before_maintenance_oku
2.426461237
maintenance_capex_cash_oku
0.58
sustainable_cash_after_maintenance_before_growth_oku
1.846461237
cash_after_maintenance_and_growth_before_shareholders_oku
-1.044688763
growth_capex_cash_oku
2.89115
property_sales_cash_oku
0
property_in_kind_noncash_oku
0.08
forecast_property_in_kind_shares_issued_m
0.351954792
issuer_buyback_shares_repur_m
0
nci_dividends_cash_oku
0
nci_profit_annualized_H1_actual_proxy_oku
0
company_dividend_cash_oku
3.098229943
company_tender_buyback_cash_oku
0
external_paid_equity_cash_oku
2.815562689
new_cash_shares_issued_m
12.386884764
argan_merger_shares_issued_m
0
forecast_sbc_shares_delivered_m
0.040221527
sbc_equity_credit_oku
0.009
old_cohort_dividend_received_oku
2.639502643
old_cohort_buyback_received_oku
0
old_cohort_total_real_cash_received_oku
2.639502643
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
55.645976154
closing_net_financial_debt_oku
55.653601881
closing_gross_financial_debt_proxy_oku
56.271975236
closing_cash_proxy_oku
0.618373354
closing_nci_equity_oku
0
closing_carried_property_and_energy_proxy_oku
103.062225706
property_proxy_excludes_JV_book_and_JV_NOI
はい
closing_full_year_property_noi_runrate_oku
5.977511271
closing_issuer_shares_m
320.979138156
closing_old_cohort_shares_m
262.567638
closing_old_cohort_fraction
0.818020883
model_financial_ltv_proxy
0.54
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
1.005265791
old_cash_paid_oku
2.639502643
company_cash_paid_oku
3.098229943
old_shares_entitled_m
262.567638
company_shares_entitled_m
308.200077072
company_liability_on_declaration_oku
3.098229943
状態

future_scenario_assumption

growth_asset_yield_assumption
0.051
organic_noi_growth_assumption
0.002
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
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
5.843387749
wdp_rental_ifrs_revenue_oku
5.843387749
argan_rental_ifrs_revenue_oku
0
tenant_charges_recovered_as_income_oku
0.512908541
other_property_income_net_incl_energy_oku
0.439697764
energy_sales_of_wdp_memo_subset_not_additive_oku
0.365925555
early_termination_wdp_memo_subset_not_additive_oku
0.041209133
modeled_positive_ifrs_operating_revenue_lines_oku
6.795994054
leasing_cost_oku
0.005630364
tenant_reimbursable_occupancy_cost_oku
0.646898378
property_technical_expense_oku
0.152035876
energy_operating_cost_allocated_WITHIN_technical_expense_memo_oku
0.041433706
nonenergy_technical_expense_balance_oku
0.11060217
property_commercial_expense_oku
0.022794153
property_management_expense_oku
0.095619947
ARGAN_other_direct_property_expense_oku
0
direct_property_costs_total_EXCLUDING_duplicate_energy_memo_oku
0.922978719
source_table_rounding_allocation_oku
-1.6041E-5
net_operating_property_contribution_including_energy_oku
5.872999294
wdp_component_net_operating_contribution_oku
5.872999294
ARGAN_component_net_operating_contribution_oku
0
wdp_company_admin_expense_oku
0.377812944
argan_company_admin_expense_oku
0
model_synergy_reduction_of_admin_oku
0
group_company_admin_expense_after_synergy_oku
0.377812944
wdp_noncash_depreciation_oku
0.075
argan_noncash_depreciation_assumed_oku
0
group_noncash_depreciation_oku
0.075
group_noncash_stock_comp_expense_oku
0.009
noncash_property_revaluation_gain_or_loss_oku
-0.401972192
merger_advisory_cost_expensed_pnl_oku
0
merger_company_equity_direct_fee_if_IFRS32_oku
0
ifrs_operating_profit_oku
5.009214158
net_finance_expense_oku
3.003725113
equity_accounted_JV_profit_outside_IFRS_sales_oku
0.207
ifrs_profit_before_tax_oku
2.212489046
ifrs_tax_expense_oku
0.105
noncontrolling_interest_profit_oku
0
ifrs_parent_net_profit_oku
2.107489046
maintenance_capex_BS_cash_not_current_revenue_expense_oku
0.58
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
5.009214158
ifrs_pre_tax_bridge_oku
2.212489045
parent_profit_bridge_oku
2.107489045
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

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
55.645976154
opening_net_financial_debt_oku
55.653601881
opening_jv_book_oku
5.459285479
opening_nci_equity_oku
0
opening_gross_financial_debt_proxy_oku
56.271975236
opening_cash_proxy_oku
0.618373354
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
1.415969699
cash_rollforward_residual_oku
0
opening_wdp_holder_shares_m
262.567638
opening_issuer_shares_m
320.979138156
gross_property_noi_oku
6.036934742
corporate_admin_expense_oku
0.38499139
noncash_sbc_expense_in_ifrs_oku
0.009
depreciation_oku
0.075
noncash_property_fair_value_profit_oku
-0.412248903
ifrs_operating_profit_before_merger_cost_oku
5.155694449
ifrs_merger_cost_recognized_in_operating_profit_oku
0
ifrs_operating_profit_oku
5.155694449
net_finance_expense_oku
3.080257063
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
2.282437385
ifrs_total_tax_oku
0.105
cash_tax_before_merger_cost_deduction_oku
0.105
merger_cost_tax_relief_rate_assumed
0
merger_cost_tax_relief_cash_oku
0
pretax_nonmerger_earnings_oku
2.282437385
statutory_pretax_merger_cost_included
はい
of_which_cash_tax_proxy_oku
0.105
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
2.177437385
parent_recurring_earnings_ex_fv_oku
2.589686288
noncash_sbc_cashflow_addback_oku
0.009
noncash_depreciation_addback_oku
0.075
operating_cash_after_finance_tax_before_maintenance_oku
2.506686288
maintenance_capex_cash_oku
0.58
sustainable_cash_after_maintenance_before_growth_oku
1.926686288
cash_after_maintenance_and_growth_before_shareholders_oku
-0.998913712
growth_capex_cash_oku
2.9256
property_sales_cash_oku
0
property_in_kind_noncash_oku
0.08
forecast_property_in_kind_shares_issued_m
0.345053718
issuer_buyback_shares_repur_m
0
nci_dividends_cash_oku
0
nci_profit_annualized_H1_actual_proxy_oku
0
company_dividend_cash_oku
3.1137592
company_tender_buyback_cash_oku
0
external_paid_equity_cash_oku
2.772263319
new_cash_shares_issued_m
11.957247064
argan_merger_shares_issued_m
0
forecast_sbc_shares_delivered_m
0.039510341
sbc_equity_credit_oku
0.009
old_cohort_dividend_received_oku
2.54712005
old_cohort_buyback_received_oku
0
old_cohort_total_real_cash_received_oku
2.54712005
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
57.570917658
closing_net_financial_debt_oku
57.054011474
closing_gross_financial_debt_proxy_oku
57.687944935
closing_cash_proxy_oku
0.633933461
closing_nci_equity_oku
0
closing_carried_property_and_energy_proxy_oku
105.655576804
property_proxy_excludes_JV_book_and_JV_NOI
はい
closing_full_year_property_noi_runrate_oku
6.142751893
closing_issuer_shares_m
333.320949279
closing_old_cohort_shares_m
262.567638
closing_old_cohort_fraction
0.78773218
model_financial_ltv_proxy
0.54
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
0.970081488
old_cash_paid_oku
2.54712005
company_cash_paid_oku
3.1137592
old_shares_entitled_m
262.567638
company_shares_entitled_m
320.979138156
company_liability_on_declaration_oku
3.1137592
状態

future_scenario_assumption

growth_asset_yield_assumption
0.051
organic_noi_growth_assumption
0.002
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
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
6.006496637
wdp_rental_ifrs_revenue_oku
6.006496637
argan_rental_ifrs_revenue_oku
0
tenant_charges_recovered_as_income_oku
0.527225568
other_property_income_net_incl_energy_oku
0.451971229
energy_sales_of_wdp_memo_subset_not_additive_oku
0.376139786
early_termination_wdp_memo_subset_not_additive_oku
0.042359421
modeled_positive_ifrs_operating_revenue_lines_oku
6.985693435
leasing_cost_oku
0.005787527
tenant_reimbursable_occupancy_cost_oku
0.664955519
property_technical_expense_oku
0.156279717
energy_operating_cost_allocated_WITHIN_technical_expense_memo_oku
0.042590262
nonenergy_technical_expense_balance_oku
0.113689454
property_commercial_expense_oku
0.023430415
property_management_expense_oku
0.098289026
ARGAN_other_direct_property_expense_oku
0
direct_property_costs_total_EXCLUDING_duplicate_energy_memo_oku
0.948742204
source_table_rounding_allocation_oku
-1.6489E-5
net_operating_property_contribution_including_energy_oku
6.036934742
wdp_component_net_operating_contribution_oku
6.036934742
ARGAN_component_net_operating_contribution_oku
0
wdp_company_admin_expense_oku
0.38499139
argan_company_admin_expense_oku
0
model_synergy_reduction_of_admin_oku
0
group_company_admin_expense_after_synergy_oku
0.38499139
wdp_noncash_depreciation_oku
0.075
argan_noncash_depreciation_assumed_oku
0
group_noncash_depreciation_oku
0.075
group_noncash_stock_comp_expense_oku
0.009
noncash_property_revaluation_gain_or_loss_oku
-0.412248903
merger_advisory_cost_expensed_pnl_oku
0
merger_company_equity_direct_fee_if_IFRS32_oku
0
ifrs_operating_profit_oku
5.155694449
net_finance_expense_oku
3.080257063
equity_accounted_JV_profit_outside_IFRS_sales_oku
0.207
ifrs_profit_before_tax_oku
2.282437385
ifrs_tax_expense_oku
0.105
noncontrolling_interest_profit_oku
0
ifrs_parent_net_profit_oku
2.177437385
maintenance_capex_BS_cash_not_current_revenue_expense_oku
0.58
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
5.155694449
ifrs_pre_tax_bridge_oku
2.282437386
parent_profit_bridge_oku
2.177437386
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

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
57.570917658
opening_net_financial_debt_oku
57.054011474
opening_jv_book_oku
5.686285479
opening_nci_equity_oku
0
opening_gross_financial_debt_proxy_oku
57.687944935
opening_cash_proxy_oku
0.633933461
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
1.214357724
cash_rollforward_residual_oku
-0
opening_wdp_holder_shares_m
262.567638
opening_issuer_shares_m
333.320949279
gross_property_noi_oku
5.270032369
corporate_admin_expense_oku
0.333353105
noncash_sbc_expense_in_ifrs_oku
0.007647541
depreciation_oku
0.063729508
noncash_property_fair_value_profit_oku
-0.359113491
ifrs_operating_profit_before_merger_cost_oku
4.506188724
ifrs_merger_cost_recognized_in_operating_profit_oku
0
ifrs_operating_profit_oku
4.506188724
net_finance_expense_oku
2.68301821
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
1.999063957
ifrs_total_tax_oku
0.089221311
cash_tax_before_merger_cost_deduction_oku
0.089221311
merger_cost_tax_relief_rate_assumed
0
merger_cost_tax_relief_cash_oku
0
pretax_nonmerger_earnings_oku
1.999063957
statutory_pretax_merger_cost_included
はい
of_which_cash_tax_proxy_oku
0.089221311
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
1.909842645
parent_recurring_earnings_ex_fv_oku
2.268956136
noncash_sbc_cashflow_addback_oku
0.007647541
noncash_depreciation_addback_oku
0.063729508
operating_cash_after_finance_tax_before_maintenance_oku
2.198428814
maintenance_capex_cash_oku
0.49284153
sustainable_cash_after_maintenance_before_growth_oku
1.705587283
cash_after_maintenance_and_growth_before_shareholders_oku
-0.80964646
growth_capex_cash_oku
2.515233743
property_sales_cash_oku
0
property_in_kind_noncash_oku
0.067978142
forecast_property_in_kind_shares_issued_m
0.287452337
issuer_buyback_shares_repur_m
0
nci_dividends_cash_oku
0
nci_profit_annualized_H1_actual_proxy_oku
0
company_dividend_cash_oku
3.120312856
company_tender_buyback_cash_oku
0
external_paid_equity_cash_oku
2.779929789
new_cash_shares_issued_m
11.755209672
argan_merger_shares_issued_m
0
forecast_sbc_shares_delivered_m
0
sbc_equity_credit_oku
0.007647541
old_cohort_dividend_received_oku
2.457970848
old_cohort_buyback_received_oku
0
old_cohort_total_real_cash_received_oku
2.457970848
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
59.21600292
closing_net_financial_debt_oku
58.255024607
closing_gross_financial_debt_proxy_oku
58.902302658
closing_cash_proxy_oku
0.647278051
closing_nci_equity_oku
0
closing_carried_property_and_energy_proxy_oku
107.879675198
property_proxy_excludes_JV_book_and_JV_NOI
はい
closing_full_year_property_noi_runrate_oku
6.284933453
closing_issuer_shares_m
345.363611287
closing_old_cohort_shares_m
262.567638
closing_old_cohort_fraction
0.76026434
model_financial_ltv_proxy
0.54
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
0.936128636
old_cash_paid_oku
2.457970848
company_cash_paid_oku
3.120312856
old_shares_entitled_m
262.567638
company_shares_entitled_m
333.320949279
company_liability_on_declaration_oku
3.120312856
状態

future_scenario_assumption

growth_asset_yield_assumption
0.051
organic_noi_growth_assumption
0.002
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
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
5.243460971
wdp_rental_ifrs_revenue_oku
5.243460971
argan_rental_ifrs_revenue_oku
0
tenant_charges_recovered_as_income_oku
0.460249436
other_property_income_net_incl_energy_oku
0.394555036
energy_sales_of_wdp_memo_subset_not_additive_oku
0.328356845
early_termination_wdp_memo_subset_not_additive_oku
0.036978289
modeled_positive_ifrs_operating_revenue_lines_oku
6.098265443
leasing_cost_oku
0.005052308
tenant_reimbursable_occupancy_cost_oku
0.580482854
property_technical_expense_oku
0.136426713
energy_operating_cost_allocated_WITHIN_technical_expense_memo_oku
0.037179806
nonenergy_technical_expense_balance_oku
0.099246907
property_commercial_expense_oku
0.020453931
property_management_expense_oku
0.085802874
ARGAN_other_direct_property_expense_oku
0
direct_property_costs_total_EXCLUDING_duplicate_energy_memo_oku
0.82821868
source_table_rounding_allocation_oku
-1.4394E-5
net_operating_property_contribution_including_energy_oku
5.270032369
wdp_component_net_operating_contribution_oku
5.270032369
ARGAN_component_net_operating_contribution_oku
0
wdp_company_admin_expense_oku
0.333353105
argan_company_admin_expense_oku
0
model_synergy_reduction_of_admin_oku
0
group_company_admin_expense_after_synergy_oku
0.333353105
wdp_noncash_depreciation_oku
0.063729508
argan_noncash_depreciation_assumed_oku
0
group_noncash_depreciation_oku
0.063729508
group_noncash_stock_comp_expense_oku
0.007647541
noncash_property_revaluation_gain_or_loss_oku
-0.359113491
merger_advisory_cost_expensed_pnl_oku
0
merger_company_equity_direct_fee_if_IFRS32_oku
0
ifrs_operating_profit_oku
4.506188724
net_finance_expense_oku
2.68301821
equity_accounted_JV_profit_outside_IFRS_sales_oku
0.175893443
ifrs_profit_before_tax_oku
1.999063957
ifrs_tax_expense_oku
0.089221311
noncontrolling_interest_profit_oku
0
ifrs_parent_net_profit_oku
1.909842645
maintenance_capex_BS_cash_not_current_revenue_expense_oku
0.49284153
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
4.506188724
ifrs_pre_tax_bridge_oku
1.999063957
parent_profit_bridge_oku
1.909842646
revenue_to_NOI_rounding_residual_oku
0
NOI_to_ebit_rounding_residual_oku
0
pbt_to_parent_rounding_residual_oku
1.0E-9
gross_property_noi_is_not_IFRS_revenue
はい
gross_property_noi_definition

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

terminal_value_bridge
内容を開く
valuation_date

2036-11-06

terminal_years_act_365_25
10.001368925
next_twelve_month_noi_oku
6.31635812
assumed_stabilized_exit_property_yield
0.078
property_asset_value_capitalized_noi_oku
80.978950262
net_financial_debt_deducted_oku
58.255024607
non_controlling_equity_deducted_oku
0
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
0.392306226
future_annual_cash_tax_oku
0.126745089
future_annual_maintenance_capex_oku
0.673113679
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
4.591750565
future_capitalized_maintenance_reserve_oku
5.853162422
terminal_corporate_drag_capitalization_rate
0.12
terminal_long_run_g
0.005
term_equity_value_company_oku
17.562621239
old_cohort_fraction_at_horizon
0.76026434
terminal_old_cohort_mcap_oku
13.352234645
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
0.345363611
old_cohort_entitled_receivable_oku
0.262567638
ex_div_company_equity_value_oku
17.217257628
old_cohort_ex_div_shares_value_oku
13.089667007
old_cohort_ex_div_shares_plus_claim_oku
13.352234645
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
345.363611287
final_old_fraction
0.76026434
期間内株主受取
29.00516177
terminal_old_cohort_mcap_oku
13.352234645
dividend_cash_oku
29.00516177
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)
16.2950392
期間内株主受取
29.00516177
終価
13.352234645
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
0.38329911
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
6
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
7
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
8
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

9
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
0.08
issued_shares_m
0.404285426
forecast_issue_price_eur
19.788
old_holder_share_fraction_after
0.998462629
10
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
0.15
issued_shares_m
0.758035173
forecast_price_eur
19.788
old_holder_fraction_after
0.995592762
11
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
0.995420758
12
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
13
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
1.24485
company_liability_accrued_oku
3.283609686
ex_date_assumed

2028-04-27

record_date_assumed

2028-04-28

payment_date_assumed

2028-05-17

confirmed
いいえ
14
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
263.775530065
confirmed
いいえ
15
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
16
内容を開く
year
1.527720739
想定日

2028-05-17

金額
3.268573242
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
1.24485
wdp_company_cash_total_oku
3.283609686
eligible_old_shares_m
262.567638
entitlement_rule

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

17
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
0.08
issued_shares_m
0.39635826
forecast_issue_price_eur
20.18376
old_holder_share_fraction_after
0.993927248
18
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
0.15
issued_shares_m
0.743171738
forecast_price_eur
20.18376
old_holder_fraction_after
0.991138963
19
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
0.990971508
20
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
21
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
1.20128025
company_liability_accrued_oku
3.182910057
ex_date_assumed

2029-04-26

record_date_assumed

2029-04-27

payment_date_assumed

2029-05-16

confirmed
いいえ
22
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
264.959825747
confirmed
いいえ
23
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
24
内容を開く
year
2.524298426
想定日

2029-05-16

金額
3.154173178
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
1.20128025
wdp_company_cash_total_oku
3.182910057
eligible_old_shares_m
262.567638
entitlement_rule

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

25
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
0.08
issued_shares_m
0.38858653
forecast_issue_price_eur
20.5874352
old_holder_share_fraction_after
0.989520291
26
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
0.15
issued_shares_m
0.728599743
forecast_price_eur
20.5874352
old_holder_fraction_after
0.986810683
27
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
0.986647621
28
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
29
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
1.159235441
company_liability_accrued_oku
3.084968788
ex_date_assumed

2030-04-25

record_date_assumed

2030-04-26

payment_date_assumed

2030-05-15

confirmed
いいえ
30
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
266.120986169
confirmed
いいえ
31
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
32
内容を開く
year
3.520876112
想定日

2030-05-15

金額
3.043777116
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
1.159235441
wdp_company_cash_total_oku
3.084968788
eligible_old_shares_m
262.567638
entitlement_rule

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

33
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
0.08
issued_shares_m
0.380967186
forecast_issue_price_eur
20.999183904
old_holder_share_fraction_after
0.985237199
34
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
0.223692274
issued_shares_m
1.065242701
forecast_price_eur
20.999183904
old_holder_fraction_after
0.981314757
35
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
0.981156357
36
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
37
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
1.118662201
company_liability_accrued_oku
2.993656309
ex_date_assumed

2031-04-24

record_date_assumed

2031-04-25

payment_date_assumed

2031-05-21

confirmed
いいえ
38
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
267.610392666
confirmed
いいえ
39
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
40
内容を開く
year
4.536618754
想定日

2031-05-21

金額
2.937244918
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
1.118662201
wdp_company_cash_total_oku
2.993656309
eligible_old_shares_m
262.567638
entitlement_rule

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

41
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
0.08
issued_shares_m
0.373497241
forecast_issue_price_eur
21.419167582
old_holder_share_fraction_after
0.97978889
42
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
2.880449536
issued_shares_m
13.447999436
forecast_price_eur
21.419167582
old_holder_fraction_after
0.932970456
43
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
0.932829808
44
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
45
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
1.079509024
company_liability_accrued_oku
3.038540708
ex_date_assumed

2032-04-29

record_date_assumed

2032-04-30

payment_date_assumed

2032-05-19

confirmed
いいえ
46
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
281.474322162
confirmed
いいえ
47
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
48
内容を開く
year
5.533196441
想定日

2032-05-19

金額
2.834441346
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
1.079509024
wdp_company_cash_total_oku
3.038540708
eligible_old_shares_m
262.567638
entitlement_rule

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

49
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
0.08
issued_shares_m
0.366173766
forecast_issue_price_eur
21.847550934
old_holder_share_fraction_after
0.931617854
50
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
2.870013219
issued_shares_m
13.136544354
forecast_price_eur
21.847550934
old_holder_fraction_after
0.890129068
51
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
0.890003304
52
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
53
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
1.041726208
company_liability_accrued_oku
3.073287354
ex_date_assumed

2033-04-28

record_date_assumed

2033-04-29

payment_date_assumed

2033-05-18

confirmed
いいえ
54
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
295.018722816
confirmed
いいえ
55
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
56
内容を開く
year
6.529774127
想定日

2033-05-18

金額
2.735235899
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
1.041726208
wdp_company_cash_total_oku
3.073287354
eligible_old_shares_m
262.567638
entitlement_rule

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

57
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
0.08
issued_shares_m
0.358993888
forecast_issue_price_eur
22.284501952
old_holder_share_fraction_after
0.888921618
58
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
2.848274643
issued_shares_m
12.781414854
forecast_price_eur
22.284501952
old_holder_fraction_after
0.852052109
59
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
0.851938911
60
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
61
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
1.005265791
company_liability_accrued_oku
3.098229943
ex_date_assumed

2034-04-27

record_date_assumed

2034-04-28

payment_date_assumed

2034-05-17

confirmed
いいえ
62
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
308.200077072
confirmed
いいえ
63
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
64
内容を開く
year
7.526351814
想定日

2034-05-17

金額
2.639502643
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
1.005265791
wdp_company_cash_total_oku
3.098229943
eligible_old_shares_m
262.567638
entitlement_rule

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

65
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
0.08
issued_shares_m
0.351954792
forecast_issue_price_eur
22.730191991
old_holder_share_fraction_after
0.850967133
66
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
2.815562689
issued_shares_m
12.386884764
forecast_price_eur
22.730191991
old_holder_fraction_after
0.818123401
67
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
0.818020883
68
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
69
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
0.970081488
company_liability_accrued_oku
3.1137592
ex_date_assumed

2035-04-26

record_date_assumed

2035-04-27

payment_date_assumed

2035-05-16

confirmed
いいえ
70
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
320.979138156
confirmed
いいえ
71
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
72
内容を開く
year
8.5229295
想定日

2035-05-16

金額
2.54712005
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
0.970081488
wdp_company_cash_total_oku
3.1137592
eligible_old_shares_m
262.567638
entitlement_rule

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

73
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
0.08
issued_shares_m
0.345053718
forecast_issue_price_eur
23.184795831
old_holder_share_fraction_after
0.817142452
74
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
2.772263319
issued_shares_m
11.957247064
forecast_price_eur
23.184795831
old_holder_fraction_after
0.787825565
75
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
0.78773218
76
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
77
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
0.936128636
company_liability_accrued_oku
3.120312856
ex_date_assumed

2036-04-24

record_date_assumed

2036-04-25

payment_date_assumed

2036-05-21

confirmed
いいえ
78
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
333.320949279
confirmed
いいえ
79
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
80
内容を開く
year
9.538672142
想定日

2036-05-21

金額
2.457970848
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
0.936128636
wdp_company_cash_total_oku
3.120312856
eligible_old_shares_m
262.567638
entitlement_rule

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

81
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
0.067978142
issued_shares_m
0.287452337
forecast_issue_price_eur
23.648491748
old_holder_share_fraction_after
0.787053434
82
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
2.779929789
issued_shares_m
11.755209672
forecast_price_eur
23.648491748
old_holder_fraction_after
0.76026434
83
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
-0.027741934
pv_at_coc_oku
24.304354302
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
-0.027741934
independent_bisection_calendar_xirr
-0.027741934
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

2027-09-02

種類

forecast_property_in_kind

発行済株式数
404285
cash_raised_oku
0
noncash_equity_created_oku
0.08
issue_price_eur
19.788
2
内容を開く
日付

2027-10-02

種類

forecast_cash_issue_third_party

発行済株式数
758035
cash_raised_oku
0.15
issue_price_eur
19.788
3
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
4
内容を開く
日付

2028-09-02

種類

forecast_property_in_kind

発行済株式数
396358
cash_raised_oku
0
noncash_equity_created_oku
0.08
issue_price_eur
20.18376
5
内容を開く
日付

2028-10-02

種類

forecast_cash_issue_third_party

発行済株式数
743172
cash_raised_oku
0.15
issue_price_eur
20.18376
6
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
7
内容を開く
日付

2029-09-02

種類

forecast_property_in_kind

発行済株式数
388587
cash_raised_oku
0
noncash_equity_created_oku
0.08
issue_price_eur
20.5874352
8
内容を開く
日付

2029-10-02

種類

forecast_cash_issue_third_party

発行済株式数
728600
cash_raised_oku
0.15
issue_price_eur
20.5874352
9
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
10
内容を開く
日付

2030-09-02

種類

forecast_property_in_kind

発行済株式数
380967
cash_raised_oku
0
noncash_equity_created_oku
0.08
issue_price_eur
20.999183904
11
内容を開く
日付

2030-10-02

種類

forecast_cash_issue_third_party

発行済株式数
1065243
cash_raised_oku
0.223692274
issue_price_eur
20.999183904
12
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
13
内容を開く
日付

2031-09-02

種類

forecast_property_in_kind

発行済株式数
373497
cash_raised_oku
0
noncash_equity_created_oku
0.08
issue_price_eur
21.419167582
14
内容を開く
日付

2031-10-02

種類

forecast_cash_issue_third_party

発行済株式数
13447999
cash_raised_oku
2.880449536
issue_price_eur
21.419167582
15
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
16
内容を開く
日付

2032-09-02

種類

forecast_property_in_kind

発行済株式数
366174
cash_raised_oku
0
noncash_equity_created_oku
0.08
issue_price_eur
21.847550934
17
内容を開く
日付

2032-10-02

種類

forecast_cash_issue_third_party

発行済株式数
13136544
cash_raised_oku
2.870013219
issue_price_eur
21.847550934
18
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
19
内容を開く
日付

2033-09-02

種類

forecast_property_in_kind

発行済株式数
358994
cash_raised_oku
0
noncash_equity_created_oku
0.08
issue_price_eur
22.284501952
20
内容を開く
日付

2033-10-02

種類

forecast_cash_issue_third_party

発行済株式数
12781415
cash_raised_oku
2.848274643
issue_price_eur
22.284501952
21
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
22
内容を開く
日付

2034-09-02

種類

forecast_property_in_kind

発行済株式数
351955
cash_raised_oku
0
noncash_equity_created_oku
0.08
issue_price_eur
22.730191991
23
内容を開く
日付

2034-10-02

種類

forecast_cash_issue_third_party

発行済株式数
12386885
cash_raised_oku
2.815562689
issue_price_eur
22.730191991
24
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
25
内容を開く
日付

2035-09-02

種類

forecast_property_in_kind

発行済株式数
345054
cash_raised_oku
0
noncash_equity_created_oku
0.08
issue_price_eur
23.184795831
26
内容を開く
日付

2035-10-02

種類

forecast_cash_issue_third_party

発行済株式数
11957247
cash_raised_oku
2.772263319
issue_price_eur
23.184795831
27
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
28
内容を開く
日付

2036-09-02

種類

forecast_property_in_kind

発行済株式数
287452
cash_raised_oku
0
noncash_equity_created_oku
0.067978142
issue_price_eur
23.648491748
29
内容を開く
日付

2036-10-02

種類

forecast_cash_issue_third_party

発行済株式数
11755210
cash_raised_oku
2.779929789
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
5.034822333
ARGAN_NOI_oku
0
consolidated_NOI_oku
5.034822333
3
内容を開く
period
2028
wdp_NOI_oku
5.113996335
ARGAN_NOI_oku
0
consolidated_NOI_oku
5.113996335
4
内容を開く
period
2029
wdp_NOI_oku
5.193974037
ARGAN_NOI_oku
0
consolidated_NOI_oku
5.193974037
5
内容を開く
period
2030
wdp_NOI_oku
5.274745794
ARGAN_NOI_oku
0
consolidated_NOI_oku
5.274745794
6
内容を開く
period
2031
wdp_NOI_oku
5.393663457
ARGAN_NOI_oku
0
consolidated_NOI_oku
5.393663457
7
内容を開く
period
2032
wdp_NOI_oku
5.551367802
ARGAN_NOI_oku
0
consolidated_NOI_oku
5.551367802
8
内容を開く
period
2033
wdp_NOI_oku
5.711145032
ARGAN_NOI_oku
0
consolidated_NOI_oku
5.711145032
9
内容を開く
period
2034
wdp_NOI_oku
5.872999294
ARGAN_NOI_oku
0
consolidated_NOI_oku
5.872999294
10
内容を開く
period
2035
wdp_NOI_oku
6.036934742
ARGAN_NOI_oku
0
consolidated_NOI_oku
6.036934742
11
内容を開く
period
2036
wdp_NOI_oku
5.270032369
ARGAN_NOI_oku
0
consolidated_NOI_oku
5.270032369
income_bridge_projected_sales_status

unverified_conditional_calibration_not_independent_rental_underwriting

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 →