Please find below a press release from Aedifica (a Belgian public regulated real estate company under Belgian law, listed on Euronext Brussels), regarding the half year results 2014/2015. The key points are as follows:
- 15 senior housing sites added to the portfolio since the beginning of the 2014/2015 financial year, including 8 located in Germany
- Senior housing now represents 70 % of the portfolio
- The share of the real estate portfolio located in Germany surpassed €100 million, with a weighting of 11 %
- 97.7 % occupancy rate for the unfurnished portion of the portfolio as of 31 December 2014 and 73.2 % for the furnished portion
- 18 % increase in rental income as compared to 31 December 2013, ahead of budget
- 28 % increase in profit excluding IAS 39 and IAS 40, ahead of budget
- Fair value of investment properties of €971 million, an increase of €186 million (i.e. +23 %) compared to 30 June 2014
- €13 million increase in the fair value of investment properties (of which €7 million, i.e. +0.7 %, concerning marketable investment properties) recognised in the income statement since the beginning of the 2014/2015 financial year
- 52 % debt-to-assets ratio
- Aedifica obtained the status of Regulated Real Estate Company (RREC) on 17 October 2014
- Increased dividend forecast for the current financial year (€2.00 gross per share)
