Please find below a press release from Aedifica (a public regulated real estate company under Belgian law, listed on Euronext Brussels), regarding the 2017/2018 annual results. The key points are:

  • Rental income of €91.7 million as of 30 June 2018, a 16% increase compared to 30 June 2017
     
  • EPRA Earnings* of €58.4 million as of 30 June 2018, a 22 % increase compared to 30 June 2017
     
  • EPRA Earnings* per share of €3.25 as of 30 June 2018, a 3 % increase compared to 30 June 2017
     
  • Proposed gross dividend distribution of €2.50 per share, a 11 % increase, representing a statutory pay-out ratio of 82 %
     
  • Real estate portfolio* of €1.7 billion as of 30 June 2018, a 13 % increase compared to 30 June 2017
     
  • Record level of €459 million of construction and renovation projects and acquisitions subject to outstanding conditions, exclusively in the healthcare real estate segment
     
  • Healthcare real estate now represents 84 % of the portfolio, or €1,431 million spread over 135 sites in three countries:
    • €925 million in Belgium (73 sites)
    • €283 million in Germany (30 sites)
    • €222 million in The Netherlands (32 sites)
       
  • Occupancy rate for the year ended 30 June 2018: 99.0 % for the unfurnished portion of the portfolio and 84.1 % for the furnished portion
     
  • Weighted average lease term: 20 years
     
  • Debt-to-assets ratio of 44.3 % as of 30 June 2018
     
  • €15 million increase in the fair value of investment properties incl. assets classified as held for sale* recognised in the income statement for the 2017/2018 financial year
     
  • Establishment of Immobe SA/NV, a 100 % subsidiary which has been recognised as an IRREC and into which the apartment building branch will be transferred
PDF Version


This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Aedifica via Globenewswire
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