Aedifica SA: Annual press release - 2017/2018 annual results
05/09/2018 4:40pm
GlobeNewswire
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
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Source: Aedifica via Globenewswire