Warehouses De Pauw reported consolidated earnings results for the first quarter ended March 31, 2013. For the year, the company's property result was €20.817 million against €17.119 million a year ago. Operating results (before result on portfolio) was €19.007 million against €16.242 million a year ago. Net current result was €13.820 million or €0.92 per share against €11.131 million or €0.82 per share a year ago. Result on the portfolio was €0.216 million or €0.01 per share against €0.265 million or €0.02 per share a year ago. Net result was €19.093 million or €1.27 per share against €7.260 million or €0.53 per share for the same period a year ago. NAV per share was €35.41 against €29.93 a year ago. The strong increase in the net current result is driven by the further growth of the WDP portfolio in 2012 as a result of various strategic acquisitions, pre-leased projects and the consistently high occupancy rate. In addition, operational and financial costs were actively managed and kept under control. For the year 2013, the company expects net current result of €60 million. Based on the realized profit for the first quarter of 2013 and the forecast for the remainder of the 2013 financial year, WDP confirmed the expected increase of the dividend per share for 2012 of 5% to €3.25.

Warehouses De Pauw SCA announced that they will report Q1, 2013 results on May 08, 2013

Warehouses De Pauw SCA (ENXTBR:WDP) is looking for acquisition opportunities. Warehouses plans to raise €49.65 million via fixed-income offering. Warehouses intends to use the net proceeds for general corporate purposes which may include, but are not limited to, financing and operating activities, capital expenditures, acquisitions and refinancing of existing indebtedness.