Aedifica SA: Annual press release - 2015/2016 annual results

Please find below a press release from Aedifica (a public regulated real estate company under Belgian law, listed on Euronext Brussels), regarding the 2015/2016 annual results. The key points are:

• Real estate portfolio of €1.2 billion as of 30 June 2016
   
• Investments totalling €342 million realised or announced since the €153 million capital increase of June 2015
   
• Senior housing now represents almost 75 % of the portfolio, or €840 million spread across three countries:
  • €685 million in Belgium (61 sites)
  • €130 million in Germany (15 sites)
  • €24 million in The Netherlands (4 sites)
     
• Occupancy rate for the year ended 30 June 2016: 98.1 % for the unfurnished portion of the portfolio and 78.6 % for the furnished portion
   
• 42.5 % debt-to-assets ratio as of 30 June 2016
   
• 20 % increase in rental income as compared to 30 June 2015, EBIT margin of 80 %
   
• 35 % increase in profit excluding changes in fair value as compared to 30 June 2015
   
• €11 million increase in the fair value of investment properties recognised in the income statement for the 2015/2016 financial year
   
• Proposed gross dividend distribution of €2.10 per share, an increase of 5 %, representing a statutory pay-out ratio of 92 %
   
• Aedifica received the "EPRA Gold Award" in September 2015 for its 2013/2014 Annual Financial Report, and in October 2015, was awarded the prize for the best financial communication among "Mid & Small Cap" from the Belgian Association of Financial Analysts.
   
• Market Capitalisation surpassed the €1 billion mark as of July 2016

PDF version

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Source: Aedifica via Globenewswire