Aedifica SA: Annual press release - 2017/2018 annual results
September 05 2018 - 10:40AM
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
PDF Version
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Aedifica via Globenewswire
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