Please find below a press release from Aedifica (a residential Belgian REIT), regarding the half year results 2013/2014. The key points are as follows:
- 9 buildings added to the portfolio since the beginning of the 2013/2014 financial year, i.e. 8 rest homes (of which 3 located in Germany) and 1 apartment building
- 96.7% occupancy rate for the unfurnished portion of the portfolio (total less furnished apartments) as of 31 December 2013 and 77.8% for the furnished portion
- 8% increase in consolidated rental income as compared to 31 December 2012
- 13% increase in profit excluding IAS 39 and IAS, 40 slightly ahead of budget
- Fair value of investment properties amounting to €728 million, an increase of €85 million compared to 30 June 2013
- 44.7% consolidated debt-to-assets ratio as of 31 December 2013
- Unchanged dividend forecast for the current financial year (€1.86 gross per share)
