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
