Please find below a press release from Aedifica (a residential Belgian REIT), regarding the interim statement of the Board of Directors for 1st quarter 2013/2014. The key points are as follows:
- 5 buildings added to the portfolio since 1 July 2013, amounting to approx. €57 million:
- 4 rest homes:
- Seniorenzentrum AGO Herkenrath in Germany,
- Salve in Brasschaat,
- Plantijn in Kapellen,
- Hestia in Wemmel and
- 1 apartment building:
- Stephanie's Corner in Brussels.
- 97.2% occupancy rate for the unfurnished portion of the portfolio (total less furnished apartments) as of 30 September 2013 and 79.4% for the furnished portion
- 5% increase in consolidated rental income as compared to 30 September 2012
- €682 million fair value of investment properties as of 30 September 2013
- 39% debt-to-assets ratio as of 30 September 2013
