Aedifica NV/SA: 2019/2020 half year results

Please find below a press release from Aedifica (a public regulated real estate company under Belgian law, listed on Euronext Brussels), regarding the 2019/2020 half year results. The key points are:

  • Rental income increased to €72 million as of 31 December 2019 (+42% compared to 31 December 2018)
  • EPRA Earnings* of €46.6 million as of 31 December 2019, (+47% compared to 31 December 2018
  • Confirmed dividend forecast for the current financial year (€3.00 gross per share, an increase of 7%)
  • Real estate portfolio* of €2.6 billion as of 31 December 2019, an increase of more than €315 million compared to 30 June 2019 (+14%)
  • 290 healthcare real estate sites for more than 21,000 residents in four countries:
    • €1,050 million in Belgium (79 sites)
    • €543 million in Germany (67 sites)
    • €402 million in the Netherlands (53 sites)
    • €571 million in the United Kingdom (91 sites)
  • Pipeline of €480 million in acquisitions, construction and renovation projects (excl. Hoivatilat)
  • Weighted average unexpired lease term of 21 years and occupancy rate of 100%
  • 43.8% debt-to-assets ratio as of 31 December 2019
  • In January 2020, Aedifica entered the Finnish and Swedish markets through the acquisition of Hoivatilat Oy, a Finnish healthcare real estate developer and investor; on 30 January 2020, Aedifica controls approx. 98% of Hoivatilat’s shares

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