Please find below a press release from Aedifica (a public regulated real estate company under Belgian law, listed on Euronext Brussels), regarding the 2016/2017 annual results. The key points are:
- Real estate portfolio of €1.5 billion as of 30 June 2017
- 30 % increase in EPRA Earnings per share as compared to 30 June 2016
- Investments totalling €371 million realised or announced since the €219 million capital increase of March 2017
- Healthcare real estate now represents almost 82 % of the portfolio, or €1,244 million spread over 110 sites in three countries:
- €891 million in Belgium (72 sites)
- €209 million in Germany (22 sites)
- €145 million in The Netherlands (16 sites)
- Occupancy rate for the year ended 30 June 2017: 98.7 % for the unfurnished portion of the portfolio and 73.5 % for the furnished portion
- Weighted average lease term: 20 years
- 40.8 % debt-to-assets ratio as of 30 June 2017
- €10 million increase in the fair value of investment properties incl. assets classified as held for sale recognised in the income statement for the 2016/2017 financial year
- Proposed gross dividend distribution of €2.25 per share, a 7 % increase, representing a statutory pay-out ratio of 82 %
