WDP share price more reasonable after run up to above EUR 40

Sales have increased to EUR 336 million.

Earnings yield 5,4% is low. 

Dividend EUR 1,12 / EUR 22,70 = 5% 

Graham Value based on book x 1,5 

Where retail real estate like Wereldhave has lost value, warehouse real estate like WDP and CTP have done very well over the past decade. Surfing the trend.