Please find below a press release from Aedifica (a Belgian public regulated real estate company under Belgian law, listed on Euronext Brussels), regarding the 2014/2015 annual results. The key points are the following:
- The fair value of investment properties has risen well above €1 billion as of 30 June 2015, given the addition of 17 senior housing sites to the portfolio during the financial year
- Senior housing now represents more than 70 % of the portfolio
- 12 % of the real estate portfolio now located in Germany, worth more than €100 million
- Occupancy rate for the year ended 30 June 2015: 97.9 % for the unfurnished portion of the portfolio and 78.3 % for the furnished portion (only 7 % of the fair value of marketable investment properties)
- 23 % increase in rental income as compared to 30 June 2014
- 26 % increase in profit excluding IAS 39 and IAS 40 as compared to 30 June 2014
- €19 million increase in the fair value of investment properties (of which €15 million, i.e. +1.5 %, relates to marketable investment properties) recognised in the income statement for the 2014/2015 financial year
- 37 % debt-to-assets ratio as of 30 June 2015; a significant reduction following the successful completion of a €153 million capital increase in June 2015
- Proposed gross dividend distribution of €2.00 per share, which represents a statutory pay-out ratio of 86 %
- New logo and new corporate slogan
