WDP shares hit lowest in a year on softer near-term market conditions
** Shares in WDP WDPP.BR fall 4.2% at trading at 22.54 euros ($24.43), lowest in nearly a year, after the warehouse firm posted Q3 results and flagged temporarily weaker economic conditions
** Jefferies ("underperform") notes that softer demand should bring higher than usual re-letting challenges in 2025
** KBC believes the market's fear of WDP reverting to acquisitions at lower yields is overdone, saying that any potential deal would enhance earnings
** ING ("buy") is confident in WDP's active management to effectively navigate softer demand in the short-term while capitalizing on reversionary potential, even if it extends the time to let or re-let units
** The stock is the worst performer on Belgium's BEL 20 .BFX index
($1 = 0.9224 euros)
Reporting by Dagmarah Mackos
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