WDP earnings for H1 2020 amount to 84.3 million euros, an increase of 15% compared to H1 2019 (73.2 million euros). Earnings per share for H1 2020 are 0.49 euros, up 7.9% from 0.45 euros in H1 2019.
The occupancy rate is 98.2% on 30 June 2020, stable compared with 98.1% on 31 December 2019. The average term (until the first termination date) of the WDP portfolio leases is 6.1 years (including solar panels).
On 30 June 2020, the loan-to-value is 46.6% and the (proportional) debt ratio is 48.1%, compared with 45.0% and 46.7% respectively on 31 December 2019.
WDP has a strong liquidity buffer of more than 550 million euros in unused credit lines.
Under the 2019-23 growth plan, an investment volume of around 200 million euros could be identified in the first half of 2020, lifting the total within the growth plan towards 750 million euros, which corresponds to half of the envisaged investment growth.